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All Market News Today All digested RNS titles 502
GNC logo
All News 17:22
GNC

Holding(s) in Company

Greencore Group

TR1 Buy
['UBS Group AG-Investment Bank & Global Wealth Management', '5.174240', '0.000000']
NET logo
All News 16:41
NET

Director/PDMR Shareholding

Netcall plc

Netcall plc (AIMNET), an enterprise software company that unites automation and customer engagement in one AI-powered platform, announces the <mark style="background-color:yellow">purchase</mark> of 5,000 ordinary shares of 5 pence each ("Ordinary Shares") by Nigel Halkes, Non-Executive Director.
GMS logo
All News 16:01
GMS

Holding(s) in Company

Gulf Marine Services PLC

TR1 Buy
['Bank of America Corporation', '6.969106', '7.005943']
SCP logo
All News 15:57
SCP

Holding(s) in Company

Schroder UK Mid Cap Fund PLC

TR1 Buy
['Saba Capital Management, L.P.', '8.029340', '7.947841']
IPF logo
All News 15:10
IPF

Form 8.3

International Personal Finance PLC

TEM logo
All News 14:48
TEM

Holding(s) in Company

Templeton Emerging Markets Investment Trust TEMIT

TR1 Buy
['City of London Investment Management Company Limited', '18.990000', '19.996000']
GPE logo
All News 14:45
GPE

Holding(s) in Company

GREAT PORTLAND ESTATES PLC

TR1 Buy
['First Eagle Investment Management, LLC', '5.054403', 0]
CCR logo
All News 14:31
CCR

Director/PDMR Shareholding

C&C Group plc

C&C has been informed that, on 16 March 2026, the Persons Discharging Managerial Responsibilities (PDMRs) detailed below <mark style="background-color:yellow">purchase</mark>d through the Companys UK administered Share Incentive Plan (SIP) and Irish administered Revenue Approved Profit-Sharing Scheme (APSS), ordinary shares in the Company (Partnership Shares under the SIP and Contributory Shares under the APSS). Under the terms of the SIP/APSS, each eligible employee can choose to purchase Partnership Shares/Contributory Shares from their gross pay as a lump sum or as a monthly contribution, and the share purchases are matched by C&C (Matching Shares).
IPF logo
All News 13:48
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['JPMorgan Chase & Co.', '1.745135', '1.251055']
CLBS logo
All News 13:36
CLBS

Holding(s) in Company

Celebrus Technologies plc

TR1 Buy
['Herald Investment Management Limited', '4.880000', 0]
FRP logo
All News 12:50
FRP

Holding(s) in Company

Frp Advisory Group Plc

TR1 Buy
['Raymond James Wealth Management Limited', '4.990000', '5.020000']
ICGT logo
All News 12:35
ICGT

Director/PDMR Shareholding

ICG Enterprise Trust PLC

b) Nature of the transaction <mark style="background-color:yellow">Purchase</mark> of ordinary shares
IPF logo
All News 12:28
IPF

Form 8.3

International Personal Finance PLC

CLBS logo
All News 12:26
CLBS

Holding(s) in Company

Celebrus Technologies plc

TR1 Buy
['Rathbones Investment Management Ltd', '9.860600', '10.952600']
IPF logo
All News 11:16
IPF

Form 8.3

International Personal Finance PLC

BIPS logo
All News 10:26
BIPS

Director/PDMR Shareholding

Invesco Bond Income Plus Limited

<mark style="background-coloryellow">Purchase</mark> of Shares (via Dividend Re-investment Plan)
IMB logo
All News 10:16
IMB

Holding(s) in Company

Imperial Brands PLC

TR1 Buy
['Spring Mountain Investments Ltd', '4.797790', '5.857089']
SSPG logo
All News 10:02
SSPG

Director/PDMR Shareholding

SSP Group PLC

<mark style="background-coloryellow">Purchase</mark> of Partnership Shares and the right to Matching Shares under the Matching Award element of the ISIP.
BWY logo
All News 09:53
BWY

Holding(s) in Company

Bellway PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Asset Management Holdings Inc.', '4.759662', 'Below minimum threshold']
FDR logo
All News 09:53
FDR

Holding(s) in Company

First Development Resources Plc

TR1 Buy
['First Equity Limited', '5.388211', '4.885311']
CTA logo
All News 09:29
CTA

Holding(s) in Company

CT Automotive Group PLC

TR1 Buy
['Premier Miton Group plc', '3.823744', '9.282517']
BRK logo
All News 09:26
BRK

Holding(s) in Company

Brooks Macdonald Group

TR1 Buy
['Liontrust Investment Partners LLP', '13.953000', '14.791000']
HGEN logo
All News 09:05
HGEN

Holding(s) in Company

Hydrogenone Capital Growth PLC

TR1 Buy
['First Equity Limited', '0.000000', '3.726130']
KCR logo
All News 09:04
KCR

Interim Results

KCR Residential Reit PLC

**Summary of KCR Residential REIT PLC Interim Results for H1 2026**
**Overview**
KCR Residential REIT PLC, a UK-based residential REIT, reported unaudited consolidated results for the six months ending 31 December 2025. The period saw continued growth in core rental income, driven by improved performance at Deanery Court and incremental rental increases across the portfolio. Despite challenging operating conditions, including higher interest rates and inflationary pressures, the company made progress in optimizing asset performance and controlling costs.
**Key Highlights**
1. **Revenue Growth**
Revenue increased by 15% to £1,092k (H1 2024: £950k), primarily due to improved performance at Deanery Court and rental increases across the portfolio.
Deanery Court achieved an average occupancy of 86% (H1 2024: 66%), while the rest of the portfolio maintained strong occupancy (>97%).
2. **Operational Performance**
Positive operating cash flow rose to £218k (H1 2024: £32k), the strongest outcome to date, reflecting the success of the business plan over the past five years.
Net cash used in operating activities reduced by 31% to £180k (H1 2024: £261k), despite higher finance costs.
3. **Cost Management**
Inflationary pressures made cost reductions challenging, but costs were tightly controlled.
Cost-saving measures implemented during the period are expected to reduce administrative expenses and cost of sales in H2 2026.
4. **Strategic Focus**
The company remains focused on optimizing existing assets, upgrading portfolio quality, exploring development opportunities, and controlling costs.
Lease expiries and tenant churn are actively managed to maximize rental income.
5. **Financial Performance**
Gross profit increased by 16% to £841k (H1 2024: £723k), with a gross margin of 77% (H1 2024: 76.10%).
Operating profit before separately disclosed items was £76k (H1 2024: £798k), with the prior year benefiting from non-cash revaluation gains.
Loss for the period was £377k (H1 2024£433k profit), primarily due to higher finance costs.
6. **Portfolio Updates**
Refurbishment works at Heathside were completed, with two flats now being let.
The transition of Coleherne Road to a minimum six-month tenancy period was successfully completed, expected to stabilize income and reduce operating costs.
Planning submissions for Ladbroke Grove properties are pending, with a strategy to be formalized upon outcome.
7. **Cash Position**
Cash balances at period-end were £0.43m (H1 2024: £0.47m), with ongoing efforts to achieve a cash-neutral position.
**Challenges and Outlook**
Higher finance costs and inflationary pressures continue to challenge the company’s cash neutrality goal.
Tightness in debt markets and higher debt costs limit acquisition opportunities.
The company expects further improvements in operational performance and cost control over the next 12 months.
**Conclusion**
KCR Residential REIT PLC demonstrated resilience in H1 2026, achieving revenue growth and operational improvements despite a challenging environment. The company remains committed to its strategic objectives, focusing on asset optimization and cost management to drive long-term value for shareholders.
Here’s an HTML table comparing the financials and debt year on year for KCR Residential REIT PLC based on the provided text:
MetricSix Months Ended 31 December 2025Six Months Ended 31 December 2024Year Ended 30 June 2025 (Audited)
Revenue£1,092,414£950,103£1,885,144
Gross Profit£841,184£722,850£1,466,098
Operating Profit Before Separately Disclosed Items£75,618£797,519£1,266,836
Operating Profit£12,024£713,529£990,013
(Loss)/Profit Before Taxation(£377,278)£432,596£327,641
(Loss)/Profit for the Period(£377,278)£432,596£327,641
Basic (Loss)/Profit per Share (pence)(0.91)1.040.79
Total Assets£27,500,041£27,136,724£27,310,839
Secured Bank Borrowings£14,561,215£13,904,324£14,135,965
Cash and Cash Equivalents£427,498£472,652£174,312
Net Asset Value per Share (pence)29.4530.6130.36
Net Cash Used in Operating Activities(£179,751)(£261,192)(£800,119)
### Key Observations: 1. **Revenue Growth**: Revenue increased by 15% year-on-year to £1,092,414 in the six months ended 31 December 2025, driven by improved performance at Deanery Court and rental increases across the portfolio. 2. **Profitability**: The company reported a loss of £377,278 in the six months ended 31 December 2025, compared to a profit of £432,596 in the same period in 2024, primarily due to higher finance costs and inflationary pressures. 3. **Debt Levels**: Secured bank borrowings increased to £14,561,215 in the six months ended 31 December 2025 from £13,904,324 in the same period in 2024. 4. **Cash Position**: Cash and cash equivalents decreased slightly to £427,498 in the six months ended 31 December 2025 from £472,652 in the same period in 2024. 5. **Net Asset Value**: Net asset value per share decreased to 29.45 pence in the six months ended 31 December 2025 from 30.61 pence in the same period in 2024. This table provides a clear comparison of key financial metrics and debt levels year on year.
OXIG logo
All News 09:01
OXIG

Holding(s) in Company

Oxford Instruments PLC

TR1 Buy
['Artemis Investment Management LLP', '14.37031', '14.33528']
RWA logo
All News 09:01
RWA

Holding(s) in Company

Robert Walters

TR1 Buy
['Liontrust Investment Partners LLP', '14.999000', '15.998400']
IPF logo
All News 08:50
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['JPMorgan Chase & Co.', '1.251055', '1.811638']
BOKU logo
All News 08:20
BOKU

Share Buyback Programme

Boku Inc

**Summary**
Boku, Inc. (AIMBOKU), a global network of Local Payment Methods (LPMs), announced on March 17, 2026, the launch of a share buyback programme. The companys board approved the repurchase of up to 4,000,000 common shares (approximately 5% of its issued common stock) to be held in Treasury. This decision is driven by the belief that the current share price undervalues the company, and the buyback represents a strategic use of its growing cash reserves while supporting long-term growth plans. The programme aims to minimize future shareholder dilution by using repurchased shares for warrant obligations or staff equity remuneration.
Investec Bank plc will execute the buyback, adhering to pre-set parameters, including price limits based on market averages and independent trades. The programme will run from March 17, 2026, to September 30, 2026, or until the maximum number of shares is purchased. Due to limited trading liquidity, the buyback may represent a significant portion of daily trading volume, exempting the company from certain UK Market Abuse Regulation provisions.
Boku, founded in 2008 and headquartered in London, provides merchants with access to over 7 billion consumer payment accounts worldwide through its network of payment methods. The company serves major technology, media, and entertainment firms, offering services like Direct Carrier Billing, Digital Wallets, and cross-border funds settlement.
BuyBack
OCDO logo
All News 07:49
OCDO

Director/PDMR Shareholding

Ocado Group PLC

<mark style="background-coloryellow">Purchase</mark> of 1,789,302 shares by Apple III Limited (which is owned by Apple III Trust, of which Jörn Rausing is a beneficiary)
MEX logo
All News 06:31
MEX

Tortilla-New Multi‑Aggregator Delivery Partnership

Tortilla Mexican Grill PLC

**Summary**
Tortilla Mexican Grill PLC, Europes largest fast-casual Mexican restaurant group, announced a new multi-aggregator delivery partnership with Deliveroo, Uber Eats, and Just Eat across its UK estate. This arrangement aims to broaden customer reach, improve service availability, and optimize delivery performance by operating across multiple platforms simultaneously, reducing reliance on any single delivery partner. The renewed partnership with Deliveroo leverages their established relationship, providing access to Deliveroos customer base, technology, and marketing capabilities. The Board expects this strategy to positively impact Group revenue in the current financial year, supporting Tortillas broader goals of balancing customer convenience, margin discipline, and operational control. The agreement aligns with Tortillas flexible, multi-platform delivery model, designed to maximize incremental demand while maintaining commercial and operational discipline. CEO Brandon Stephens emphasized the importance of delivery as a complementary channel, highlighting the partnerships role in enhancing customer convenience and long-term business economics. Deliveroos Chief Revenue Officer, Rob Harris, expressed excitement about the collaboration, focusing on reaching new customers and building loyalty through innovative initiatives. Tortilla, founded in 2007, operates 109 sites globally, with a strong emphasis on sustainability and quality, and is listed on the London Stock Exchange (LSE: MEX).
Partner
SAG logo
All News 06:02
SAG

Audited Results for Year Ended 31 December 2025

Science Group plc

**Summary of Science Group PLCs Audited Results for the Year Ended 31 December 2025**
Science Group PLC, an international services and systems company, reported strong financial performance for the year ended 31 December 2025, despite volatile market conditions. Key highlights include
1. **Financial Performance**
**Revenue**£111.7 million, slightly up from £110.7 million in 2024.
**Adjusted Operating Profit**Record £23.1 million (2024: £21.5 million).
**Adjusted Basic Earnings Per Share (EPS)**: Record 40.2 pence (2024: 36.2 pence).
**Statutory Profit Before Tax**Record £41.5 million (2024: £14.7 million), boosted by a £24.1 million pre-tax gain from corporate investment.
**Statutory Basic EPS**Record 75.1 pence (2024: 26.5 pence).
2. **Corporate Activity**
A pre-tax gain of £24.1 million from the successful investment in Ricardo plc, realized through a third-party acquisition offer.
3. **Balance Sheet and Cash Flow**
**Cash**Increased to £72.6 million (2024: £38.6 million).
**Net Funds**£61.2 million (2024: £26.8 million).
**Cash Generated from Operations**£31.8 million (2024: £21.8 million).
4. **Shareholder Returns**
**Dividend**Recommended 25% increase to 10.0 pence per share (2024: 8.0 pence).
**Share Buy-Back**Increased to £10.7 million (2024: £5.0 million), with plans to continue at a similar level in 2026.
5. **Operational Highlights**
**Sagentia Services Division**Revenue of £71.5 million (2024: £72.2 million), with adjusted operating profit of £18.8 million (2024: £17.9 million) and margin improvement to 26.3%.
**Systems Businesses**Revenue of £39.6 million (2024: £37.8 million) and adjusted operating profit of £6.6 million (2024: £5.8 million).
**CMS2**Revenue of £26.4 million (2024: £25.9 million) with adjusted operating profit of £5.5 million (2024: £5.7 million).
**Frontier**Revenue of £13.2 million (2024: £12.0 million) with adjusted operating profit of £1.1 million (2024: £0.1 million).
6. **Strategic Focus**
Continued emphasis on marginprofitabilityand cash conversion.
Integration of AI tools to enhance service propositions, particularly in Physical-AI and advisory services.
7. **Outlook**
Pragmatic and conservative outlook due to geopolitical uncertainties, with a focus on resilience and value creation.
Strong balance sheet and cash resources position the Group for growth and shareholder returns.
Science Group PLC demonstrated resilience and strategic agility in 2025, achieving record financial results while navigating challenging market conditions. The Group remains well-positioned for future growth and continued shareholder value creation.
Here’s an HTML table comparing the key financials and debt year-on-year for Science Group PLC based on the provided text:
Metric2024 (£ million)2025 (£ million)Change
Revenue110.7111.7+0.9% (₤1.0 million)
Adjusted Operating Profit21.523.1+7.4% (₤1.6 million)
Profit Before Tax14.741.5+182.3% (₤26.8 million)
Cash Generated from Operations21.831.8+45.9% (₤10.0 million)
Cash Balance38.672.6+88.1% (₤34.0 million)
Net Funds26.861.2+128.4% (₤34.4 million)
Borrowings (Term Loans)11.811.4-3.4% (₤0.4 million)
Revolving Credit Facility (Undrawn)00No Change
Dividend per Share (pence)8.010.0+25.0% (+2.0 pence)
Share Buy-Back (£ million)5.010.7+114.0% (₤5.7 million)
### Key Highlights: 1. **Revenue**: Marginal increase of 0.9% from £110.7 million in 2024 to £111.7 million in 2025. 2. **Adjusted Operating Profit**: Increased by 7.4% from £21.5 million to £23.1 million. 3. **Profit Before Tax**: Significant increase of 182.3% from £14.7 million to £41.5 million, primarily due to a £24.1 million gain from corporate investment. 4. **Cash and Net Funds**: Substantial increases in cash balance (+88.1%) and net funds (+128.4%), driven by strong operating cash flow and the corporate investment gain. 5. **Debt**: Term loans decreased slightly by 3.4%, while the Revolving Credit Facility remained undrawn. 6. **Shareholder Returns**: Dividend per share increased by 25% to 10.0 pence, and the share buy-back program more than doubled to £10.7 million. This table provides a clear comparison of the key financial metrics and debt position year-on-year.
PEBB logo
All News 06:01
PEBB

Launch of Share Buyback Programme

The Pebble Group PLC

**Summary**
The Pebble Group PLC, a leading provider of digital commerce and related services to the global promotional products industry, announced the launch of a share buyback programme on March 17, 2026. The programme, authorized by the Board, aims to repurchase up to £5.0 million worth of ordinary shares or a maximum of 16,112,332 shares, whichever limit is reached first. This initiative reflects the Boards confidence in the companys future value and its commitment to enhancing shareholder returns while maintaining focus on strategic investments.
The buyback will be executed by Panmure Liberum Limited, acting as a "riskless" principal, with purchases made on the London Stock Exchange within pre-set parameters. The maximum price per share will not exceed 105% of the average middle market quotation over the preceding five business days, with a minimum price of £0.01. Purchased shares will be cancelled.
The programme may account for a significant portion of daily trading volume due to limited liquidity in the shares, potentially exceeding 25% of average daily traded volume. It will terminate upon reaching the maximum amount, the conclusion of the 2026 AGM (if authority is not renewed), or by December 31, 2026, whichever occurs first. All purchases will be announced by 7:30 am (UK time) on the following business day. The company confirmed it has no inside information at the time of the announcement.
Launch
TRST logo
All News 06:01
TRST

Share Buyback Programme

Trustpilot Group PLC

**Summary**
Trustpilot Group plc announced a new share buyback programme valued at up to £22.5 million (approximately US$30 million), scheduled to commence immediately after the completion of its 2025 buyback programme. The initiative aligns with the company’s commitment to maintaining an efficient balance sheet and returning excess capital to shareholders. Deutsche Bank AG, London Branch (trading as Deutsche Numis), will manage the purchases on a non-discretionary basis, adhering to pre-set parameters and regulatory requirements. The shares will be purchased on the London Stock Exchange and other trading venues, with the sole purpose of reducing Trustpilot’s share capital through cancellation of the repurchased shares. The programme will operate within the authority granted by shareholders at the 2025 Annual General Meeting and, if approved, the 2026 Annual General Meeting, and will comply with EU and UK financial regulations. The buyback is expected to terminate by 31 December 2026 or upon reaching the maximum purchase limits. Trustpilot will disclose any share repurchases within seven trading days of occurrence. The company, founded in 2007, continues to grow its global presence with over 361 million reviews and 1,000 employees across multiple international offices.
BuyBack
IEM logo
All News 06:01
IEM

Publication of Exit Tender Offer Circular

Impax Environmental Markets PLC

**Summary**
Impax Environmental Markets PLC (IEM) has published an Exit Tender Offer Circular, offering eligible shareholders the option to sell up to 100% of their ordinary shares at a tender price based on the final asset value. This decision follows the failure of the Continuation Tender Offer, which was launched in January 2026, due to Saba – the largest shareholder with 22.1% holding – not tendering its shares. The Board, after extensive engagement with shareholders, concluded that the Exit Tender Offer is the best solution to protect non-Saba shareholders from potential control by Saba, which does not align with IEMs environmental objectives.
**Key Points**
1. **Exit Tender Offer** Shareholders can sell their shares for cash, with the tender price based on the final asset value of the tender pool.
2. **Reason for Offer** Sabas refusal to tender shares in the Continuation Tender Offer led to its cancellation, prompting the Board to propose the Exit Tender Offer.
3. **Shareholder Approval** The offer requires approval from over 50% of voting shareholders at the General Meeting on April 16, 2026.
4. **Director Support** All directors intend to vote in favor of the offer and tender their shares, emphasizing their belief in its fairness.
5. **Timeline** The offer opens on March 17, 2026, with a closing date of April 17, 2026. Payments are expected by the end of May 2026.
6. **Risks** Shareholders remaining post-offer may face a Saba-controlled company, with potential changes to strategy and objectives.
7. **Regulatory Notes** The offer is not available in certain jurisdictions (e.g., Canada, Japan, South Africa) and has specific conditions for U.S. and New Zealand shareholders.
**Conclusion**
The Exit Tender Offer aims to provide shareholders with an exit option at close to net asset value, addressing concerns over Sabas influence. Shareholders are urged to review the Circular and participate in the General Meeting to vote on the proposal. The outcome will significantly impact IEMs future structure and shareholder base.
Offers
CRTX logo
All News 06:01
CRTX

Awarding of Orphan Drug Designation by the FDA

CRISM Therapeutics Corporation

**Summary**
CRISM Therapeutics Corporation announced on March 17, 2026, that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation (ODD) to irinotecan for the treatment of malignant glioma, including all high-grade (Grade III and IV) gliomas. This designation is a significant regulatory and commercial milestone, providing incentives such as seven years of U.S. market exclusivity, tax credits for clinical trials, and exemption from FDA application fees. The ODD complements CRISM’s previously granted Innovation Passport for its ChemoSeed™ platform by the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) under the Innovative Licensing and Access Pathway (ILAP). These designations strengthen the development and commercial potential of the irinotecan-ChemoSeed program, positioning it for streamlined global regulatory development, including potential participation in international collaborative review programs like Project Orbis. CRISM’s Chief Scientific Officer, Professor Chris McConville, highlighted the strategic importance of these achievements in advancing the company’s oncology assets to address unmet medical needs. The company remains focused on its registration-grade Phase 2 clinical trial of Irinotecan ChemoSeed for surgically resectable glioblastoma.
FDA
LIT logo
All News 06:01
LIT

Judgment Delivered in Commercial Litigation Claim

Litigation Capital Management Limited

**Summary**
Litigation Capital Management Limited (LCM), an alternative asset manager specializing in dispute financing, announced on March 17, 2026, that an Australian Court has delivered a judgment in a commercial litigation claim it funded. The court ruled against LCMs funded party in a case where LCM had invested A$1.4 million in shareholder capital. The company had previously anticipated this judgment on March 11, 2026. LCM has an After-the-Event (ATE) insurance policy in place to mitigate adverse costs risks. The company is currently reviewing the judgment and evaluating next steps with the funded party and legal representatives. The announcement contains inside information disclosed in compliance with the Market Abuse Regulation.
Litigation
PHP logo
All News 06:01
PHP

Preliminary Results

Primary Health Properties

**Summary**
Primary Health Properties PLC (PHP) announced its preliminary results for the year ended December 31, 2025, highlighting a transformative year marked by the successful combination with Assura plc, creating a £6 billion healthcare REIT focused on critical social infrastructure assets across the UK and Ireland. The merger received overwhelming shareholder support and is expected to deliver financial and strategic benefits, including £9 million in annualized synergies. PHP achieved over 80% of these synergies ahead of schedule and received offers for a new strategic joint venture on its private hospital portfolio. The company also agreed to inject a £103 million portfolio into an existing joint venture to reduce leverage.
Financial highlights include a 49% increase in net rental income to £230 million, a 41% rise in adjusted earnings to £131 million, and a 3% dividend increase to 7.1 pence per share. The property portfolio valuation grew by 115% to £6.0 billion, with a net initial yield of 5.4%. PHP maintained its 30-year track record of dividend growth, with a 3% increase in the dividend per share.
The company’s strategic focus includes reducing leverage, integrating Assura, and leveraging the NHSs 10-year Health Plan, which emphasizes modern primary care facilities. PHP is well-positioned to support this transition, given its long-standing NHS partnerships. The rental growth outlook remains positive, with a 3.2% increase in 2025 and a 3.4% annualized growth rate in early 2026.
PHP’s balance sheet remains robust, with significant liquidity headroom and a clear plan to reduce its loan-to-value ratio to the targeted 40-50% range. The company is committed to its progressive dividend policy, fully covered by adjusted earnings, and aims to maintain its position as a leading investor in healthcare infrastructure.
Here is the HTML table code comparing the financials and debt year on year:
Metric20252024Change
Net rental income (£m)£230£154+49%
Adjusted earnings (£m)£131£93+41%
Adjusted earnings per share (pence)7.37.0+4%
IFRS profit after tax (£m)£119£41+190%
IFRS earnings per share (pence)6.63.1+113%
Dividend per share (pence)7.16.9+3%
Investment portfolio valuation (£bn)£6.0£2.8+115%
Contracted rent roll (£m)£342£154+122%
Loan to value ratio57%48%+9%
Average cost of debt3.7%3.4%+30 bps
Weighted average debt maturity (years)4.15.7-1.6
This table compares key financials and debt metrics for Primary Health Properties PLC between 2024 and 2025, showing significant growth in net rental income, adjusted earnings, and portfolio valuation, as well as changes in debt metrics.
PLSR logo
All News 06:01
PLSR

Pulsar Appoints Ranzini to Board & PDMR Dealings

Pulsar Helium Inc.

Mr. Ranzini, together with his wife and children, holds a direct interest in 260,097 Common Shares. Mr. Ranzini also has indirect interests in Pulsar through University Bancorp Inc., and Jove Corporation. Mr. Ranzini has a beneficial interest of 18.18% (with voting control over 35.16%) in University Bancorp Inc., which will be interested in 9,035,435 Common Shares, representing 4.99% of Pulsars share capital on completion of the share <mark style="background-color:yellow">purchase</mark> detailed in this announcement. Mr. Ranzini holds a 43% interest in Jove Corporation, which is interested in 230,300 Common Shares, representing 0.13% of Pulsars share capital. Additionally, Mr. Ranzini has investment authority, but no beneficial ownership or voting rights control, over 1,648,000 Common Shares, representing 0.91% of Pulsars share capital, held by Rory Ballard.
ZTF logo
All News 06:01
ZTF

Preliminary Results

Zotefoams PLC

**Summary of Zotefoams PLC Preliminary Results for the Year Ended 31 December 2025**
Zotefoams PLC, a global leader in high-performance foams, reported strong preliminary results for FY2025, marked by record profitability and continued growth. Key financial highlights include
**Revenue Growth**Revenue increased by 7.2% to £158.5 million, driven by strong performance across key markets, particularly in Consumer & Lifestyle and Transport & Smart Technologies.
**Profitability**Adjusted operating profit rose by 26% to £22.8 million, with adjusted profit before tax up 39% to £21.2 million. Adjusted Basic EPS increased by 46% to 38.0p.
**Cash Generation**Cash generated from operations increased by 31% to £39.7 million, supporting strategic investments and a strong balance sheet.
**Dividend**A 5% increase in the final dividend to 5.35p per share was proposed, reflecting confidence in future prospects.
Strategically, Zotefoams made significant progress in its **Expanding Beyond the Core** strategy, including
**Acquisition of OKC**Completed the acquisition of Overseas Konstellation Company S.A. (OKC), enhancing European market presence and product capabilities.
**Geographic Expansion**Advanced construction of a new manufacturing facility in Vietnam and established an Innovation Centre in Korea.
**Innovation Focus**Sharpened innovation efforts, aligning R&D with market verticals and customer needs.
Operationally, the company focused on execution, efficiency, and margin improvement, with a balanced growth approach across markets. The integration of OKC is progressing well, contributing to revenue growth and strategic optionality.
Looking ahead, Zotefoams aims to achieve **organic growth of 7% CAGR** by FY2029, targeting revenue of over £230 million and operating profit of over £40 million. Longer-term ambitions include revenues exceeding £300 million and operating profit over £60 million, supported by both organic and inorganic growth strategies.
Despite macroeconomic and geopolitical uncertainties, Zotefoams remains confident in its ability to navigate challenges, supported by a clear strategy, strengthened leadership, and a robust financial position. The company is well-positioned to deliver sustainable growth and long-term value for stakeholders.
Here is the HTML table code comparing the financials and debt year on year for Zotefoams PLC:
Metric2025 (£m)2024 (£m)Change
Revenue158.5147.87.2%
Gross Profit52.946.114.8%
Adjusted Operating Profit22.818.126.0%
Adjusted Operating Margin14.4%12.2%220bps
Adjusted Profit before Tax21.215.339%
Cash generated from operations39.730.431%
Net debt (Covenant Basis)31.524.131%
Net debt (IFRS)43.033.030%
Leverage ratio0.80.9(11%)
**Key Observations:** * **Revenue and Profit Growth:** Zotefoams PLC experienced significant growth in revenue (7.2%) and adjusted profit before tax (39%) in 2025 compared to 2024. * **Improved Cash Flow:** Cash generated from operations increased by 31%, indicating stronger liquidity. * **Increased Debt:** Net debt increased on both covenant and IFRS bases, likely due to financing acquisitions and investments. * **Improved Leverage:** Despite higher debt, the leverage ratio improved, suggesting better debt management.
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All News 06:01
TPK

Travis Perkins plc - 2025 Results Announcement

Travis Perkins PLC

Travis Perkins PLC, the UKs largest distributor of building materials, announced its preliminary results for the year 2025, highlighting a focus on stabilization and financial resilience amidst a challenging market backdrop. Here’s a summary of the key points
### **Financial Performance**
**Revenue**£4,565 million, down 0.9% from 2024, primarily due to subdued activity in the Merchanting segment.
**Adjusted Operating Profit**£133 million, a 12.5% decline from 2024, reflecting lower margins in Merchanting.
**Operating Loss**£97 million, compared to a £2 million profit in 2024, due to adjusting items of £222 million related to impairments, divestments, and restructuring.
**Net Cash Before Leases**£1 million, driven by working capital inflows, divestment proceeds, and disciplined capital expenditure.
### **Business Highlights**
**Merchanting**Like-for-like revenue growth of 0.3%, with improvements in H2 offsetting operational challenges in H1. Adjusted operating profit declined by 18.1% to £122 million.
**Toolstation UK**Strong performance with adjusted operating profit up 29% to £44 million, driven by store maturity and digital enhancements.
**Toolstation Benelux**Continued losses of £11 million, with management reviewing strategy and implementing cost-saving measures.
### **Strategic Initiatives**
**Restructuring**Proactive management of overheads, including significant restructuring of central and regional roles.
**Divestments**Sold Staircraft for £21 million as part of simplifying the operating model.
**Leadership**Gavin Slark appointed as CEO in January 2026, bringing extensive industry experience.
### **Balance Sheet and Liquidity**
**Net Debt Reduction**Net debt before leases reduced by £192 million, achieving a net cash position for the first time in nearly 30 years.
**Liquidity**Over £800 million in liquidity headroom through cash holdings (£427 million) and undrawn facilities (£390 million).
**Refinancing**£250 million bond refinanced with investment-grade US private placement notes, with no significant refinancing needs until 2028.
### **Dividend**
**Final Dividend**7.5 pence per share recommended, giving a full-year dividend of 12.0 pence per share, in line with the 30-40% adjusted earnings payout policy.
### **Outlook**
**Market Conditions**Trading environment remains subdued, reflecting weak UK construction activity.
**Focus Areas**Improving customer proposition, leveraging financial strength, and delivering operational efficiencies.
**Technical Guidance**Expected ETR of 30% on UK profits, base capex of £80 million, and property profits of £5 million for 2026.
### **CEO Commentary**
Gavin Slark emphasized the Group’s focus on rebuilding capabilities, enhancing performance, and restoring shareholder value. He highlighted the strength of the balance sheet and the commitment to disciplined capital allocation in navigating challenging market conditions.
### **Principal Risks and Uncertainties**
The Group updated its risk framework to include standalone risks for **People & Skills** and **Business Operating Model & Driving Competitive Advantage**, reflecting the evolving business environment.
### **Conclusion**
Travis Perkins PLC’s 2025 results reflect a year of stabilization and financial resilience, with a focus on operational improvements and strategic restructuring. Despite challenges in the construction sector, the Group is positioned to leverage its strong balance sheet and leadership changes to drive future growth and shareholder value.
Here is the comparison of financials and debt year on year for Travis Perkins PLC, presented as an HTML table:
Metric20252024Change
Revenue (£m)4,5654,607(0.9%)
Adjusted Operating Profit (£m)133152(12.5%)
Adjusted Earnings per Share (pence)30.836.6(15.8%)
Return on Capital Employed (%)5.35.4(0.1)ppt
Net Debt / Adjusted EBITDA (x)2.12.50.4x
Ordinary Dividend per Share (pence)12.014.5(17.2%)
Operating (Loss) / Profit (£m)(97)2N/A
Loss After Tax (£m)(176)(77)(128.6%)
Basic Earnings per Share (pence)(83.3)(36.6)(127.6%)
Net Debt (£m)621845(224)
Net Debt Before Leases (£m)(1)191(192)
**Key Observations:** 1. **Revenue Decline**: Revenue decreased by 0.9% from £4,607m in 2024 to £4,565m in 2025, primarily due to subdued activity in the Merchanting segment. 2. **Adjusted Operating Profit Reduction**: Adjusted operating profit fell by 12.5% from £152m to £133m, reflecting lower margins in Merchanting and increased cost pressures. 3. **Earnings per Share Decrease**: Adjusted earnings per share dropped by 15.8% from 36.6p to 30.8p, while basic earnings per share saw a significant decline due to the operating loss. 4. **Debt Reduction**: Net debt decreased by £224m from £845m to £621m, with net debt before leases turning negative, indicating a stronger balance sheet. 5. **Dividend Cut**: The ordinary dividend per share was reduced by 17.2% from 14.5p to 12.0p, reflecting the challenging financial performance. 6. **Operating Loss**: The company reported an operating loss of £97m in 2025 compared to a profit of £2m in 2024, driven by adjusting items and trading performance. This table provides a concise comparison of key financial and debt metrics for Travis Perkins PLC between 2024 and 2025.
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MAB1

Final Results

Mortgage Advice

**Summary of Mortgage Advice Bureau (Holdings) PLC Final Results for the Year Ended 31 December 2025**
**Financial Performance Highlights**
**Revenue Growth** Revenue increased by 19.6% to £318.8 million in 2025, up from £266.5 million in 2024, driven by strong performance across all income streams.
**Adjusted Diluted EPS** Adjusted diluted earnings per share (EPS) rose by 13.5% to 44.5p, compared to 39.2p in 2024.
**Market Share Stability** Market share of new mortgage lending remained stable at 8.4%, while the market share of Product Transfers increased to 3.0% from 2.7% in 2024.
**Adviser Network Growth** The number of mainstream advisers increased by 10% to 2,135, with 65% of this growth coming from organic expansion within the existing network.
**Revenue per Adviser** Revenue per mainstream adviser grew by 13% to £157,000, reflecting improved productivity and efficiency.
**Net Debt Reduction** Net debt decreased to £3.3 million from £9.7 million in 2024, with leverage reducing to 0.1x from 0.3x.
**Operational and Strategic Achievements**
**Technology and AI Integration** The company is leveraging data, digital tools, and AI to deepen relationships with introducers, lenders, and consumers, enhancing lead flow and customer retention.
**Proprietary Platform** The proprietary platform connects customer data, adviser workflows, and automation, reducing administrative burdens and allowing advisers to focus on customer service.
**Strategic Partnerships and M&A** MAB is building new strategic partnerships and pursuing selective M&A to expand its role in the home-moving process and broaden its proposition.
**Sustainability Progress** The company made strides in sustainability, including the installation of a solar PV system and the development of a decarbonisation strategy aligned with the Science Based Targets initiative (SBTi).
**Market Trends and Outlook**
**Mortgage Lending Stability** UK mortgage lending increased by 19% to £548 billion in 2025, with refinancing lending accelerating in the second half due to maturing fixed-rate mortgages.
**Purchase Lending Growth** Purchase lending grew by 21% to £189 billion, supported by strong lender appetite and a resilient underlying demand.
**Refinancing Opportunities** The company expects refinancing volumes to continue building in 2026, supported by higher fixed-rate maturities and a shift in product preferences.
**Protection Market Focus** MAB is increasing its focus on protection advice, aiming to address the UKs protection gap and provide recurring revenue streams.
**Leadership and Governance**
**Main Market Listing** The Board intends to move to the ESCC listing category of the Main Market of the London Stock Exchange in Q2 2026, subject to FCA approval.
**Dividend Policy** The company maintained its dividend policy, proposing a final dividend of 15.3p per share, a 3.4% increase from the previous year.
**Conclusion**
Mortgage Advice Bureau (Holdings) PLC delivered a strong performance in 2025, with significant growth in revenue, EPS, and adviser productivity. The company continues to enhance its technology-driven platform, expand its market reach, and pursue strategic initiatives to drive sustainable growth. Despite macroeconomic uncertainties, MAB remains well-positioned to capitalize on refinancing opportunities and protection market potential, supported by its integrated platform and data-driven approach.
Here is the HTML table code comparing the financials and debt year on year for Mortgage Advice Bureau (Holdings) PLC:
Metric20252024Change
Revenue£318.8m£266.5m+19.6%
Gross Profit£91.9m£77.0m+19.5%
Admin Expenses£56.2m£45.6m+23.3%
Adjusted PBT£36.3m£32.0m+13.3%
Statutory PBT£22.1m£22.9m-3.4%
Adjusted Diluted EPS44.5p39.2p+13.5%
Net Debt(£3.3m)(£9.7m)+£6.4m
Leverage0.1x0.3x-0.2x
**Key Observations:** - Revenue increased by 19.6% from £266.5m in 2024 to £318.8m in 2025. - Gross profit increased by 19.5% from £77.0m in 2024 to £91.9m in 2025. - Admin expenses increased by 23.3% from £45.6m in 2024 to £56.2m in 2025. - Adjusted PBT increased by 13.3% from £32.0m in 2024 to £36.3m in 2025. - Statutory PBT decreased by 3.4% from £22.9m in 2024 to £22.1m in 2025. - Adjusted diluted EPS increased by 13.5% from 39.2p in 2024 to 44.5p in 2025. - Net debt decreased by £6.4m from -£9.7m in 2024 to -£3.3m in 2025. - Leverage decreased from 0.3x in 2024 to 0.1x in 2025. This table provides a concise comparison of key financial metrics and debt levels for Mortgage Advice Bureau (Holdings) PLC between 2024 and 2025.
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All News 06:01
FNTL

Full Year Results

Fintel PLC

**Summary of Fintel PLCs Full Year Results for 2025**
Fintel PLC, a leading provider of fintech and support services to the UK retail financial services sector, reported strong financial performance and strategic progress for the year ended 31 December 2025. Key highlights include
### **Financial Performance**
**Revenue Growth**Revenue increased by 10% to £85.9 million (FY24: £78.3 million), supported by £7.0 million in inorganic growth from acquisitions.
**SaaS & Subscription Revenue**Grew by 9.6% to £48.7 million, representing 57% of total revenues, highlighting the strength of recurring revenue streams.
**Adjusted EBITDA**Increased by 16.6% to £25.9 million, driven by successful acquisitions and new proposition launches.
**EBITDA Margin**Improved to 30.1% (FY24: 28.3%), with acquired businesses contributing more as integration progressed.
**Adjusted EPS**Rose to 13.7 pence per share (FY24: 13.2 pence per share).
**Net Debt**Increased to £31.1 million (FY24: £25.3 million) due to strategic investments, with a comfortable leverage ratio of 1.2x.
**Dividend**Proposed final dividend of 2.5 pence per share, resulting in a full-year dividend of 3.8 pence per share, a 4.1% increase.
### **Strategic and Operational Highlights**
**Organisational Transformation**Consolidated from three divisions into two (Fintel Services and Fintel Software & Data) with new leadership appointments.
**Operational Leverage**Integrated acquired businesses into unified product lines, enhanced scalability, and improved cross-selling opportunities through a single CRM view.
**Technology and Platform Investment**Accelerated development of digital and AI-enabled compliance tools, scaled the Matrix360 market intelligence platform, and launched the Omnicore whole-of-market distribution platform.
**Data Advantage**Strengthened through acquisitions like Rayner Spencer Mills Research (RSMR) and increased stake in Plannr Technologies, enhancing proprietary data capabilities.
**Acquisitions**Completed the acquisition of RSMR for £6.4 million and Pearson Ham Groups market pricing data business in January 2026 for £11.0 million.
### **Current Trading and Outlook**
**Strong Start to FY26**Trading in line with Board expectations, supported by high recurring revenues and a simplified operating structure.
**Growth Drivers**Increasing demand for technology, data, and regulatory support in the UK retail financial services sector
further integration of technology and services
strengthened balance sheet for organic growth and acquisitions.
**Acquisition Impact**Pearson Ham Groups acquisition enhances pricing intelligence and is expected to be earnings accretive in its first full year.
### **Leadership and Governance**
**CEO Transition**Matt Timmins assumed sole responsibility as CEO, with Neil Stevens stepping down in June 2025.
**Board Strengthening**Appointed Ian Pickford as Independent Non-Executive Director and Chair of Remuneration and Nomination Committees.
### **Conclusion**
Fintel PLC demonstrated resilience and strategic focus in 2025, achieving strong financial results and advancing its position as a key player in the UK retail financial services sector. With a simplified structure, robust recurring revenues, and a clear strategic direction, the company is well-positioned for continued growth and value creation in 2026.
Here is the HTML table code comparing Fintel's financials and debt year on year:
Metric20242025Change
Revenue£78.3m£85.9m+10%
SaaS & Subscription Revenue£44.4m£48.7m+9.6%
Adjusted EBITDA£22.2m£25.9m+16.6%
EBITDA Margin28.3%30.1%+180 bps
Net Debt£25.3m£31.1m+22.9%
Cash Balance£6.3m£17.3m+175%
Dividend per Share3.65p3.80p+4.1%
**Key Observations:** * **Revenue Growth:** Fintel's revenue increased by 10% from £78.3m in 2024 to £85.9m in 2025, driven by inorganic growth and strong performance in SaaS & Subscription revenue. * **EBITDA Improvement:** Adjusted EBITDA grew by 16.6% to £25.9m, with EBITDA margin expanding by 180 basis points to 30.1%, indicating improved operational efficiency. * **Debt Increase:** Net debt increased by 22.9% to £31.1m, primarily due to strategic acquisitions and investments. * **Cash Position Strengthened:** Cash balance significantly increased from £6.3m to £17.3m, providing more financial flexibility. * **Dividend Growth:** Dividend per share increased by 4.1% to 3.80p, reflecting the company's strong performance and commitment to shareholder returns.
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All News 06:01
BOKU

2025 Full Year Results

Boku Inc

**Summary of BokuInc. 2025 Full Year Results**
Boku, Inc. reported strong financial and operational performance for the year ended December 31, 2025, driven by diversification, scale, and financial strength. Key highlights include
### **Financial Highlights**
**Revenue Growth**Total revenue increased by 30% to $128.8 million, driven by strong growth in Digital Wallets & Account-to-Account (A2A) (+67% to $43.5 million) and Bundling (+71% to $14.9 million). Direct Carrier Billing (DCB) grew by 9% to $70.4 million.
**Adjusted EBITDA**Increased by 36% to $41.3 million, with a margin of 32.1%, up from 30.5% in 2024.
**Operating Profit**Surged by 205% to $18.9 million, reflecting efficient scaling.
**Cash Position**Group cash grew by 39% to $245.6 million, with own cash increasing by 28% to $102.9 million. The company remains debt-free.
### **Operational Highlights**
**Monthly Active Users (MAU)**Increased by 31% to 114.4 million in December 2025.
**Total Payment Volume (TPV)**Grew by 27% to $15.7 billion.
**Payment Connections**Delivered 132 new payment connections, enabling broader consumer access.
**Bundling Product**Helped merchants acquire millions of new subscribers, contributing significantly to revenue growth.
### **Strategic Progress**
**Diversification**Non-DCB products now account for 45% of total revenue, up from 35% in 2024.
**Regulatory Expansion**Secured Payment Institution authorization in Brazil, cross-border product approval in India, and Payment Initiation Service Provider authorization in the UK.
**Innovation**Launched an Innovation Hub in Singapore to develop new payment capabilities, including payouts and stablecoin.
**Operational Efficiency**Invested in automation and AI to improve scalability and reduce friction in the payment journey.
### **Outlook**
**Medium-Term Guidance**Unchanged, with expected organic revenue growth exceeding 20% CAGR and adjusted EBITDA margin <mark style="background-color:yellow">above</mark> 30%.
**Strategic Focus**Deepening merchant partnerships, diversifying revenues, driving scalability, and building a future-ready platform with AI integration.
### **Leadership and Governance**
**Board Changes**Jon Prideaux stepped down as a Non-Executive Director. Richard Pennycook assumed the role of Chair, emphasizing governance, resilience, and operational discipline.
**People and Culture**Focus on talent development, diversity, and succession planning to support growth.
### **CEO Commentary**
Stuart Neal, CEO, highlighted Bokus position at the center of the shift towards Local Payment Methods (LPMs), emphasizing the companys role as a growth partner for global merchants. He underscored the companys momentum, clear strategy, and strong financial position for long-term growth.
### **Conclusion**
Bokus 2025 results demonstrate robust growth, strategic diversification, and operational excellence, positioning the company well for continued expansion in the evolving global payments landscape.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Movement
Total Group Revenue ($'m)99.3128.8+30%
Adjusted EBITDA ($'m)30.341.3+36%
Adjusted EBITDA margin (%)30.5%32.1%+1.6pp
Operating Profit ($'m)6.218.9+205%
Group Cash ($'m)177.3245.6+39%
Own Cash ($'m)80.2102.9+28%
Monthly Active Users (m)87.1114.4+31%
Total Payment Volume ($bn)12.415.7+27%
Blended Take Rate (bps)8082+2bps

Debt: The company remains debt-free in both years.

This table compares key financial metrics and debt status for Boku, Inc. between 2024 and 2025, showing significant growth in revenue, profitability, cash position, and operational metrics, while maintaining a debt-free status.
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All News 06:01
HWG

Full Year Results for year ended 31 Dec 2025

Harworth Group PLC

Harworth Group PLC PLC PLC PLC LTD LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT 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LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT 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Here is the comparison of financials and debt year on year for Harworth Group PLC, presented as an HTML table:
Metric20252024% Change
Total Accounting Return (%)1.79.1-7.4pp
Value gains (£m)44.597.2-54.2%
EPRA NDV per share (p)224.4222.3+0.9%
Total Property Return (%)8.412.0-3.6pp
EPRA NDV (£m)727.3719.5+1.1%
Total property sales (£m)115.0215.8-46.7%
Net loan to portfolio value (%)15.65.4+10.2pp
Net debt (£m)145.946.7+212.0%
Operating profit (£m)21.674.6-71.0%
Total dividend per share (p)1.7751.614+10.0%
**Key Observations:** 1. **Total Accounting Return**: Decreased significantly from 9.1% in 2024 to 1.7% in 2025, indicating lower overall returns. 2. **Value Gains**: Dropped by 54.2%, from £97.2m in 2024 to £44.5m in 2025, reflecting reduced gains from property sales and revaluations. 3. **EPRA NDV per share**: Increased slightly by 0.9%, from 222.3p to 224.4p, showing modest growth in net asset value. 4. **Total Property Return**: Declined from 12.0% to 8.4%, indicating lower returns from the property portfolio. 5. **Net Debt**: Increased significantly by 212.0%, from £46.7m to £145.9m, reflecting higher borrowing levels. 6. **Net loan to portfolio value**: Rose from 5.4% to 15.6%, indicating higher leverage relative to portfolio value. 7. **Operating Profit**: Decreased sharply by 71.0%, from £74.6m to £21.6m, due to lower revenues and higher costs. 8. **Total Dividend per share**: Increased by 10.0%, from 1.614p to 1.775p, despite lower profits, maintaining shareholder returns. This table highlights the year-on-year changes in key financial metrics and debt levels for Harworth Group PLC.
IPO logo
All News 06:01
IPO

IP Group plc 2025 Annual Results Release

IP Group

**Summary of IP Group PLC 2025 Annual Results:**
IP Group PLC, a UK-based science and technology investor, reported its 2025 annual results, highlighting significant growth and strategic achievements. Key points include
1. **Financial Performance**
**Net Asset Value (NAV) per share** increased by 13% to 110.4p, with a closing NAV of £975.1 million.
**Profit for the year** was £66.9 million, a significant improvement from a loss of £207.0 million in 2024.
**Total portfolio value** rose to £908.1 million, up from £852.1 million in 2024.
2. **Portfolio Highlights**
**Pfizers acquisition of Metsera** contributed £128.2 million in discounted future royalty and milestone income, significantly boosting NAV.
**Hinge Health** successfully IPOed on the NYSE, generating £18.4 million in proceeds in 2025 and an additional £16.8 million in early 2026, representing a 53x return on investment.
**Monolith AI** was acquired by CoreWeave, Inc., with initial proceeds of £3.4 million and further deferred proceeds expected in 2026.
**Portfolio companies raised £914 million** in total capital, a 17% increase from 2024, with notable fundraisings by Artios, Oxa, and Lumai.
3. **Strategic Initiatives**
**Focus on funds under management** Raised £29.0 million in third-party funds, with total third-party AUM at £557 million.
**Launched Northern Universities Venture Fund** in collaboration with Parkwalk and Northern Gritstone.
**Partnership with Aberdeen** to manage a portfolio of early-stage and growth investments in the UK.
4. **Shareholder Returns**
Completed a **£75 million share buyback program**, retiring 9% of the share capital.
Accumulated an additional **£30 million for future shareholder returns**.
5. **Outlook**
Targeting **over £250 million in exits** between 2025 and 2027.
Strong pipeline of milestones in life sciences, AI-enabling technologies, and other sectors.
Continued focus on increasing funds under management and supporting breakthrough science and technology companies.
**CEO Greg Smith** emphasized the companys unique model, combining deep partnerships with research institutions and access to long-term capital, positioning IP Group to support innovation and deliver long-term value for shareholders. The company remains committed to addressing societal challenges through its investments.
Here is an HTML table comparing the financials and debt year on year for IP Group PLC based on the provided text: td>-26.1%
MetricFY 2025FY 2024Change
Net Asset Value (NAV)£975.1m£952.5m+2.4%
NAV per share110.4p97.7p+13%
Profit/(loss) for the year£66.9m(£207.0m)N/A
Total portfolio£908.1m£852.1m+6.6%
Gross cash and deposits£211.0m£285.6m
Cash proceeds£68.1m£183.4m-62.9%
Portfolio investment£70.5m£63.0m+11.9%
Borrowings (current)£119.7m£6.3m+1,796.8%
Borrowings (non-current)£0.0m£122.8m-100%
**Notes:** * The change in borrowings is due to a technical breach of financial covenants, resulting in reclassification of borrowings from non-current to current liabilities. * The decrease in gross cash and deposits is primarily due to outflows from investing activities, share buybacks, and debt repayment. * The significant decrease in cash proceeds is likely due to a strong year of realizations in FY 2024, including the sale of Featurespace to Visa. This table provides a concise comparison of key financials and debt metrics for IP Group PLC, highlighting areas of growth, decline, and notable changes.
CBG logo
All News 06:01
CBG

Half-year Report for six months to 31 January 2026

Close Brothers Group plc

**Summary of Close Brothers Group PLC Half-Year Report for Six Months to 31 January 2026**
**Overview**
Close Brothers Group PLC, a UK specialist banking group, reported its half-year results for the six months ending 31 January 2026. The group demonstrated resilience despite challenging market conditions, focusing on cost discipline, credit performance, and strategic repositioning. Key highlights include a marginal reduction in the loan book, continued growth in core businesses, and a strong CET1 capital ratio of 14.3%. The group is well-positioned for future growth, with accelerated cost savings plans and a focus on simplification, optimization, and growth.
**Financial Performance**
**Adjusted Operating Profit**£65.2 million (H1 2025: £80.5 million), reflecting a 19% decrease due to reduced income, partly offset by lower impairment losses.
**Operating Loss Before Tax**£65.5 million (H1 2025: £102.2 million), primarily due to a £135.0 million provision for motor finance commissions.
**Net Interest Margin (NIM)**7.1% (H1 2025: 7.3%), expected to be slightly <mark style="background-color:yellow">below</mark> 7% for the full year.
**Bad Debt Ratio**0.8% (H1 2025: 1.0%), expected to remain below the long-term average of 1.2%.
**Loan Book**Reduced by 2% to £9.2 billion (31 July 2025: £9.5 billion), with underlying decrease of 1% excluding planned exits and run-offs.
**Strategic Initiatives**
**Simplification**Largely complete, with the sale of Close Brothers Asset Management, Winterflood, and Brewery Rentals, and the exit from Vehicle Hire.
**Optimization**Accelerated cost savings plans, targeting £25 million in 2026 and £60 million by 2027, positioning the group for double-digit returns by 2028.
**Growth**Focused on core markets with strong and sustainable opportunities, targeting 5-10% annual growth through the cycle.
**Capital and Funding**
**CET1 Capital Ratio**Increased to 14.3% (31 July 2025: 13.8%), reflecting disposals and lower RWAs, partly offset by motor finance provisions.
**Total Funding**Decreased by 8% to £11.7 billion, covering 124% of the loan book, with a prudent maturity profile.
**Divisions Performance**
**Commercial**Adjusted operating profit decreased to £40.7 million (H1 2025: £50.0 million) due to lower utilization in Invoice Finance and the wind-down of Novitas.
**Retail**Adjusted operating profit increased to £17.5 million (H1 2025: £16.8 million), driven by a Motor Finance impairment release and improved credit performance in Premium Finance.
**Property**Adjusted operating profit declined to £29.8 million (H1 2025: £42.1 million) due to softer demand and increased impairment charges.
**Outlook**
**Cost Savings**Accelerated targets, with £25 million in 2026 and £60 million by 2027.
**NIM**Expected to be slightly below 7% in 2026.
**Bad Debt Ratio**Expected to remain below 1.2% in 2026.
**RoTE**On track to achieve double-digit returns by 2028, rising thereafter.
**Conclusion**
Close Brothers Group PLC demonstrated resilience in the first half of 2026, with a focus on strategic repositioning, cost optimization, and sustainable growth. Despite challenges, the group remains well-capitalized and positioned for future growth, with a clear path to achieving its long-term financial goals.
Here is a comparison of the financials and debt year on year presented as an HTML table:
Metric2025 (£ million)2026 (£ million)Change (%)
Operating loss before tax(102.2)(65.5)36
Adjusted operating profit80.565.2(19)
Loss attributable to shareholders(111.8)(64.4)42
Loan book9,5009,200(2)
CET1 capital ratio13.8%14.3%4
Total assets14,071.912,283.6(13)
Total liabilities12,336.410,620.8(14)
Total equity1,735.51,662.8(4)
**Key Observations:** - **Operating Loss Improvement:** The operating loss before tax decreased by 36% from £102.2 million in 2025 to £65.5 million in 2026, indicating improved operational efficiency. - **Adjusted Operating Profit Decline:** Adjusted operating profit decreased by 19% from £80.5 million in 2025 to £65.2 million in 2026, likely due to lower income and increased costs. - **Loan Book Reduction:** The loan book decreased by 2% from £9.5 billion in 2025 to £9.2 billion in 2026, reflecting the company's repositioning and market conditions. - **CET1 Capital Ratio Increase:** The CET1 capital ratio increased from 13.8% in 2025 to 14.3% in 2026, indicating a stronger capital position. - **Balance Sheet Reduction:** Total assets and liabilities decreased by 13% and 14%, respectively, primarily due to the sale of Winterflood and CBRL, and a reduction in treasury assets and customer deposits. This table provides a concise overview of the key financial and debt metrics, highlighting the year-on-year changes and trends.
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All News 06:01
STVG

STV Group Full Year Results to 31 December 2025

STV Group plc

**Summary of STV Group Full Year Results to 31 December 2025**
**Financial Performance**
**Revenue** £176.9 million, down 6% year-on-year, primarily due to a 10% decline in Total Advertising Revenue (TAR) to £89.3 million, driven by national linear advertising. Studios revenue remained resilient at £83.0 million, down 1%.
**Adjusted Operating Profit** £11.6 million, down 44%, with both divisions reporting a 35% decline. Adjusted operating margin fell to 6.6% from 11.0% in 2024.
**Statutory Operating Profit** £3.8 million, down 71% from 2024.
**Net Debt:** £45.3 millionat the lower end of guidancecompared to £38.7 million in 2024.
**Cost Savings** Management actions are expected to deliver annualised cost savings of £8 million by the end of FY26, with £4.1 million already achieved in FY24/FY25.
**Operational Highlights**
**STV Player** Achieved record consumption, up 9% to 75 million hours, with registered Daily Active Users up 10%.
**Audio Business** Successful launch of STV Radio, attracting new advertisers and audiences.
**Advertising Innovation** Strengthened advertising proposition with pause ads and STV ADapt, with new products planned for 2026.
**Studios** Delivered 37 new commissions and recommissions in 2025, including notable projects like *Blue Lights* (Series 3) and *The Witness* for Netflix. Forward production orderbook stands at £33 million.
**Strategic Progress**
**Audience Division** Maximising reach and engagement across broadcast, streaming, and audio platforms. STV and STV Player combined reach 75% of Scots monthly, outperforming competitors like Netflix and Amazon Prime in Scotland.
**Studios** Focus on high-quality, returnable IP with strong international appeal, supported by an expanded customer mix and disciplined portfolio management.
**Cost Discipline** Tight cost management remains a priority, with restructuring and cost-saving measures implemented to improve financial performance in 2026.
**Market Outlook**
**Advertising** Q1 2026 TAR is expected to decline by 5%, with national linear down 7% and regional linear down 11%. VOD revenue is expected to grow by 3%.
**Events** The FIFA Mens World Cup is expected to boost advertising revenue in Q2 2026.
**Studios** Forward orderbook of £33 million at the end of December 2025, with no cancellations notified.
**Dividend**
No final dividend proposed for 2025 to preserve financial flexibility and liquidity, given continued pressure on operating margins and the current debt profile.
**Management Commentary**
**Rufus Radcliffe, Chief Executive** Highlighted the challenging market conditions in 2025 but emphasized the groups operational discipline and strategic progress. He expressed optimism for 2026, citing major events, new advertiser products, and significant content deliveries for global streamers.
**Conclusion**
STV Groups 2025 results reflect a challenging year, with revenue and profit declines driven by macroeconomic pressures and a weak advertising market. However, the group has made strategic progress, particularly in its Audience division and Studios, and is focused on cost discipline and innovation to improve performance in 2026. The absence of a dividend reflects a cautious approach to financial management in a volatile market.
Here is the HTML table code comparing the financials and debt year on year for STV Group PLC:
Financial Metric2025 (£m)2024 (£m)Change
Revenue176.9188.0-6%
Adjusted Operating Profit11.620.6-44%
Operating Profit3.813.2-71%
(Loss)/Profit for the Year(4.0)13.1-130%
Cash Generated by Operations15.517.7-12%
Net Debt45.338.7+17%

Debt Comparison

Debt Metric2025 (£m)2024 (£m)Change
Net Debt45.338.7+6.6
Leverage (x)2.51.5+67%
Interest Cover (x)6.18.5-28%

Note: Net debt includes amounts drawn under non-recourse production financing facilities of £2.3m (2024: £9.9m)

**Key Observations:** * Revenue decreased by 6% year-on-year, primarily driven by a 10% decline in Total Advertising Revenue (TAR). * Adjusted operating profit declined by 44%, mainly due to lower TAR, reduced new format sales in Studios, and inflationary pressures. * Net debt increased by £6.6m, partly due to the loss for the year of £4m (2024: profit of £13.1m). * Leverage increased to 2.5x, while interest cover decreased to 6.1x, both still within covenant limits. This HTML code creates two tables comparing the financials and debt metrics year-on-year, highlighting the changes and trends in STV Group PLC's financial performance.
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All News 06:01
PEBB

AUDITED FULL YEAR RESULTS 2025

The Pebble Group PLC

**Summary of The Pebble Group PLCs Audited Full Year Results 2025**
The Pebble Group PLC, a leading provider of technology, products, and services to the global promotional products industry, announced its audited results for the year ended 31 December 2025. Key highlights include
### **Financial Performance**
**Revenue**£124.7 million, slightly down from £125.3 million in 2024, but in line with expectations.
**Gross Profit Margin**Improved to 45.6% from 44.3% in 2024, driven by better margins at Brand Addition.
**Operating Profit**£7.4 million, down from £8.6 million in 2024, due to increased investment in sales and marketing.
**Profit Before Tax**: £6.9 milliondown from £8.1 million in 2024.
**Basic Earnings Per Share**: 3.45pdown from 3.83p in 2024.
**Cash**£9.6 million, down from £16.5 million in 2024, reflecting shareholder returns and investments.
**Dividend Per Share**Increased to 2.00p from 1.85p in 2024.
### **Business Highlights**
**Facilisgroup**
Secured 30 new Partners (up from 16 in 2024) after investing approximately $1 million in sales and marketing.
Partner retention rate remained high at 97%, with 253 Partners as of 31 December 2025.
Focus on accelerating revenue growth through high Partner lifetime value and efficient acquisition costs.
**Brand Addition**
Revenue remained stable at £107.5 million, with improved margins (37.0% gross margin, up from 35.2%).
New client contracts contributed £6.5 million in revenue, up from £5.3 million in 2024.
Adjusted EBITDA increased to £11.4 million from £10.8 million.
### **Shareholder Returns**
**Share Buyback**Launched a £5.0 million share buyback program to return value to shareholders.
**Dividend**Proposed a final dividend of 2.0 pence per share, up from 1.85 pence in 2024.
**Total Capital Returns**£11.7 million in 2025, up from £3.4 million in 2024.
### **Strategic Focus**
**Organic Growth**Continued emphasis on organic growth and disciplined capital allocation.
**AI Integration**Increasing focus on AI to enhance operational efficiency, productivity, and decision-making.
**ESG Commitment**Progress on environmental, social, and governance goals, including a net-zero strategy and reduced emissions.
### **Outlook**
**Facilisgroup**Expected revenue growth in 2026 driven by new Partner wins and improved lifetime value.
**Brand Addition**Aim to increase revenues while maintaining improved profit margins.
**Overall**Confidence in delivering profitable growth, strong cash generation, and sustainable value creation despite macroeconomic uncertainties.
### **Board and Governance**
**Board Changes**Markus Bihler joined as a Non-executive Director, bringing expertise in technology-enabled business models and value creation.
**Governance**Strengthened governance with new policies on fraud prevention and AI.
The Pebble Group remains well-positioned to capitalize on its market opportunities, supported by a robust balance sheet, strategic investments, and a commitment to shareholder value.
Here is the HTML table code comparing the financials and debt year on year for The Pebble Group PLC:
MetricFY 2025FY 2024Change
Revenue (£'m)124.7125.3-0.5%
Gross Profit Margin (%)45.644.3+1.3ppt
Operating Profit (£'m)7.48.6-14.0%
Profit Before Tax (£'m)6.98.1-14.8%
Basic Earnings Per Share (pence)3.453.83-9.9%
Cash (£'m)9.616.5-£6.9m
Dividend Per Share (pence)2.001.85+8.1%
Adjusted EBITDA (£'m)15.816.7-5.4%
Free Cash Flow Conversion (%)9168+23ppt
Basic Adjusted Earnings Per Share (pence)3.864.63-16.6%
Capital Returns (£'m)11.73.4+£8.3m
Debt (£'m)00N/A
**Notes:** * The table includes key financial metrics and debt information for The Pebble Group PLC for FY 2025 and FY 2024. * The "Change" column shows the percentage change or absolute difference between the two years. * The company is debt-free, as indicated by the "Debt" row. * The table is based on the information provided in the text, which is an audited full-year results announcement for The Pebble Group PLC.
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All News 06:01
VINO

Interim Results

Virgin Wines UK PLC

**Summary of Virgin Wines UK PLC Interim Results (H1 2026)**
**Financial Highlights**
**Revenue Growth** Increased by 2% year-on-year to £34.7 million (H1 2024: £34.1 million), outperforming the wider online drinks market, which declined by 11%.
**Christmas Trading** Strong performance with a 5% revenue increase over the peak seven-week period to 26 December 2025.
**Balance Sheet** Remains robust with net cash of £10.6 million (H1 2024: £17.3 million) and gross cash of £17.9 million (H1 2024: £23.7 million), while remaining debt-free.
**Shareholder Returns** Returned £2.7 million to shareholders via share buybacks.
**Profitability** Adjusted EBITDA of £259k, with a loss before tax of £356k due to increased investment in growth.
**Strategic Highlights**
1. **Customer Acquisition**
40% year-on-year increase in new customers (75k acquired), with a 12% rise in WineBank membership.
Cost per acquisition remained stable at £15.34 despite significant growth.
2. **Commercial Partnerships**
Revenue from partnerships and corporate gifting grew year-on-year, with the Moonpig partnership delivering double-digit growth.
3. **Mobile App**
Initial phase completed with a soft launch in March 2026, expected to enhance customer engagement.
4. **Warehouse Wines**
Revenue increased by 92% year-on-year, with a 41.1k customer base, demonstrating strong value-led growth.
**Current Trading and Outlook**
January and February 2026 revenue up 12% year-on-year, with full-year revenue in line with market expectations.
Customer acquisition accelerated, with January up 54% and February up 83% year-on-year.
Warehouse Wines revenue grew by 105% in January and February.
Increased near-term investment of £0.55 million in customer acquisition, expected to maintain EBITDA profitability.
Challenges include inflationary pressures, rising duties, and regulatory costs, but the company remains confident in its growth strategy.
**CEO Commentary (Jay Wright)**
Highlighted success in customer acquisition, commercial partnerships, Warehouse Wines growth, and mobile app development.
Emphasized strong momentum, disciplined cost management, and confidence in delivering sustained success despite macroeconomic challenges.
**Financial Review (Amanda Cherry)**
Revenue growth of 2% to £34.7 million, with a loss before tax of £0.4 million due to increased investment.
Gross profit margin decreased to 27.7% due to promotional offers and sales mix changes.
EBITDA of £0.2 millionimpacted by growth investments.
Strong balance sheet with £17.9 million in gross cash and £7.7 million in inventory.
**Conclusion**
Virgin Wines UK PLC demonstrated resilience and growth in a challenging market, with strategic investments in customer acquisition, partnerships, and technology driving performance. Despite short-term profitability pressures, the company remains focused on long-term growth and market outperformance.
Here is the HTML table code comparing the financials and debt year on year for Virgin Wines UK PLC:
Financial MetricH1 2026 (£'000)H1 2025 (£'000)Change (£'000)Change (%)
Revenue34,74734,0846632%
Gross Profit9,63610,122(486)-5%
EBITDA2591,600(1,341)-84%
Loss Before Tax(356)1,273(1,629)-128%
Net Cash10,60017,300(6,700)-39%
Gross Cash17,94423,661(5,717)-24%
Inventory7,6956,5171,17818%
Debt0000%

Notes:

  • Revenue increased by 2% year-on-year, outperforming the wider online drinks market which declined by 11%.
  • Gross profit margin decreased by 2% to 27.7% due to increased promotional offers and changes in sales mix.
  • EBITDA and loss before tax were significantly impacted by increased investment in customer acquisition and marketing.
  • Net cash and gross cash decreased due to share buybacks, capex, and increased inventory.
  • The company remains debt-free.
This table provides a clear comparison of key financial metrics between H1 2026 and H1 2025, including revenue, gross profit, EBITDA, loss before tax, net cash, gross cash, inventory, and debt. The notes section highlights key insights from the comparison.
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All News 06:01
EYE

Half Year Results

Eagle Eye Solutions Group plc

**Summary of Eagle Eye Solutions Group PLC Half-Year Results (H1 2026):**
Eagle Eye Solutions Group PLC, a leading provider of applied AI for marketing, reported strong financial performance for the six months ended 31 December 2025, exceeding initial expectations. Key highlights include
### **Financial Performance**
**Revenue Growth** Group revenue (excluding NRS impact) grew by 16% to £22.4 million, driven by a 24% increase in recurring revenue to £19.1 million. Including NRS, revenue slightly declined to £23.0 million.
**Annual Recurring Revenue (ARR)** ARR increased by 29% to £42.2 million, with new ARR in H1 2026 surpassing the entire FY 2025.
**Net Revenue Retention (NRR)** NRR (excluding NRS) improved to 108%, up from 104% in H1 2025. Including NRS, NRR was 99%.
**Profitability** Adjusted EBITDA was £4.3 million (18% margin), ahead of expectations, despite a 28% decline from H1 2025. Profit after tax was £0.1 million, down from £1.9 million in H1 2025.
**Cash Position** Net cash increased by 3% to £12.1 million, supporting investment in growth initiatives.
### **Strategic Highlights**
**New Customer Wins** Secured eight new multi-year contracts for the AIR platform and EagleAI solutions, including major wins in North America, Europe, and Asia. Notable wins include Wakefern, Kwik Trip, and FairPrice Co-Operative Ltd.
**US Market Expansion** Achieved £2.5 million in new ARR from four significant US wins, reflecting strengthened brand presence and refined go-to-market strategies.
**AI Growth** EagleAI revenues grew by 23% to £3.6 million, now representing 15% of Group revenues. Integration of AIR and EagleAI is delivering value through AI Personalised Promotions.
**OEM Partnership** Secured first two customer contracts through the OEM partnership, with expected ARR of £2.0 million, and material revenue generation expected from FY27.
**Operational Efficiency** Improved revenue mix with recurring revenues at 85% of Group revenues, up from 80% in H1 2025. Adjusted EBITDA margin exceeded expectations due to cost efficiencies and platform optimisation.
### **Outlook**
The Board is confident in delivering FY26 results in line with increased market expectations, targeting a 20% EBITDA margin run rate by the end of FY26.
Expects a return to double-digit revenue and EBITDA growth in FY27, driven by momentum in ARR growth, customer expansion, and AI innovation.
### **CEO Statement**
Tim Mason, CEO, highlighted strong execution, ARR growth, and progress in strategic priorities, including US market traction and OEM partnership success. Emphasised leadership in applied AI for retail and commitment to long-term value creation.
### **Key Metrics (H1 2026 vs H1 2025)**
**ARR (excl. NRS)** £42.2m (+29%)
**NRR (excl. NRS)** 108% (+4ppts)
**Group Revenue (excl. NRS)** £22.4m (+16%)
**Recurring Revenue** £19.1m (+24%)
**Adjusted EBITDA** £4.3m (-28%)
**Net Cash** £12.1m (+3%)
Eagle Eye remains focused on capturing the growing demand for AI-powered loyalty and personalisation solutions, with a disciplined approach to margin improvement and long-term growth.
Here is the HTML table code comparing the financials and debt year on year for Eagle Eye Solutions Group PLC:
MetricH1 2026H1 2025Change
KPIs excluding NRS
Period end Annual Recurring Revenue£42.2m£32.8m+29%
Net Revenue Retention108%104%+4ppts
Group Revenue£22.4m£19.3m+16%
Recurring Revenue£19.1m£15.4m+24%
KPIs including NRS
Group revenue£23.0m£24.2m-5%
Recurring Revenue£19.6m£19.5m+1%
Professional Services Revenue£3.0m£4.4m-32%
SMS Revenue£0.4m£0.3m+55%
Recurring revenue % of Group revenue85%81%+5ppts
Period end Annual Recurring Revenue£42.2m£41.0m+3%
Net Revenue Retention99%104%-5ppts
Direct profit£16.2m£16.9m-4%
Adjusted EBITDA£4.3m£5.9m-28%
Adjusted EBITDA margin18%24%-6ppts
Profit after tax£0.1m£1.9m-93%
Net cash at 31 December£12.1m£11.7m+3%

Note: Debt information is not explicitly mentioned in the provided text. However, the "Net cash" metric can be used as a proxy for debt, where an increase in net cash indicates a decrease in debt or an improvement in liquidity.

This table compares the key financial metrics for Eagle Eye Solutions Group PLC between H1 2026 and H1 2025, including revenue, recurring revenue, EBITDA, and net cash. The "Change" column shows the percentage change between the two periods. Please note that the debt information is not explicitly mentioned in the provided text, so the table focuses on financial metrics and uses "Net cash" as a proxy for debt.
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All News 06:01
TPFG

Final Results

Property Franchise Group PLC

**Summary**
The Property Franchise Group PLC (TPFG) reported a record year for FY25, with significant growth across its franchising, financial services, and licensing divisions. Key financial highlights include a 25% increase in group revenue to £84.3 million, a 49% rise in EBITDA to £30.3 million, and a 39% increase in adjusted profit before tax to £31.0 million. The company also achieved a 22% increase in the full-year dividend to 22p per share.
Operationally, TPFG expanded its managed portfolio to 149,000 properties, completed 35,000 residential sale transactions, and maintained a steady sales pipeline of £33.0 million. The company launched the Privilege programme, adding £1.5 million in incremental revenue, and its Financial Services division delivered a record 25,000 mortgages. The Licensing division grew with Fine & Country adding 13 new licensees, including eight international offices.
TPFG made significant progress in AI-focused initiatives, enhanced its senior leadership team, and strengthened its balance sheet with net debt reduced to £2.3 million. The company is well-positioned for future growth, focusing on revenue synergies, navigating market conditions, and pursuing complementary acquisitions. The Board expressed confidence in delivering sustainable long-term value for shareholders, supported by a clear strategy and a resilient business model.
Here is the HTML table code comparing the financials and debt year on year for The Property Franchise Group PLC:
Metric20252024Change
Revenue£84.3m£67.3m25%
EBITDA£30.3m£20.4m49%
Adjusted Profit Before Tax£31.0m£22.3m39%
Net Debt£2.3m£9.1m(75%)
Cash Generated from Operations£22.1m£14.7m50%
Dividend per Share22p18p22%
**Notes:** * The table compares key financial metrics for The Property Franchise Group PLC between 2025 and 2024. * The "Change" column shows the percentage change between the two years. * The data is sourced from the provided text, which is an RNS announcement from The Property Franchise Group PLC.
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All News 06:01
SML

Redmoor - Infill Drilling Contract Signed

Strategic Minerals Plc

**Summary**
Strategic Minerals plc, through its wholly owned subsidiary Cornwall Resources Limited (CRL), has signed a drilling contract with Priority Drilling UK Ltd to commence an infill drilling program at the Redmoor tungsten-tin-copper project in southeast Cornwall. This program aims to convert inferred mineral resources to indicated resources and produce a reserve calculation as part of the prefeasibility study. The drilling is fully funded by a £4m placing completed in January 2026.
Key highlights include
One drill rig has arrived on site, with additional rigs reserved pending planning approval for expanded operations.
The program is designed to leverage the success of the 2025 drilling campaign, which demonstrated the reliability of the new deposit model.
Tungsten prices remain at historic highs, emphasizing the strategic importance of advancing the Redmoor project, Europes highest-grade undeveloped tungsten resource.
CRL has a strong track record of securing permissions and working with local stakeholders to ensure efficient drilling operations.
The contract marks a significant milestone in Redmoors development, with drilling set to begin shortly after site preparations are completed.
NewContract
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All News 06:01
ESNT

Results for the Full Year Ended 31 December 2025

Essentra PLC

**Summary of Essentra plcs Final Results for the Full Year Ended 31 December 2025**
Essentra plc reported its full-year results for 2025, highlighting performance in line with market expectations and strategic progress. Key financial and operational highlights include
### **Financial Performance**
**Revenue**£302.0 million, flat compared to 2024 (£302.4 million) but up 2.5% on a constant currency basis, driven by growth across all regions.
**Adjusted Operating Profit**£32.0 million, down from £40.1 million in 2024, reflecting margin pressures due to geographic mix effects and reinvestment.
**Adjusted Operating Margin**10.6%, down from 13.3% in 2024, impacted by temporary costs and mix shifts.
**Adjusted Net Cash Flow from Operating Activities**: £44.0 million, up from £36.4 million in 2024, with strong cash conversion of 137.5%.
**Net Debt**£60.7 million (excluding lease liabilities), down from £68.2 million in 2024, with leverage at 1.4x adjusted EBITDA.
**Dividend**Final dividend of 1.2p per share proposed, maintaining full-year dividend cover of around three times adjusted earnings.
### **Strategic Progress**
**Revenue Growth**All three regions (EMEA, Americas, APAC) delivered year-on-year constant currency revenue growth, with EMEA up 2.6%, Americas up 2.0%, and APAC up 3.1%.
**Acquisition**Completed the acquisition of Device Technologies in December 2025, a US-based specialty cable protection devices manufacturer, aligning with inorganic growth strategy.
**ERP Deployment**Progressed with Microsoft Dynamics 365 rollout in EMEA, with six additional locations launched, on track for completion in early 2027.
**Footprint Optimisation**Transferred manufacturing operations from Costa Rica to Mexico to improve scale and service in the Americas.
### **Operational Highlights**
**Gross Margins**Remained robust at 43.7% (2024: 45.3%), despite temporary pressures from geographic mix and ERP deployment costs.
**Sustainability**Launched components using post-consumer recycled materials and introduced over 1,600 sustainable products in 2025, surpassing 2030 SBTi emissions reduction targets five years early.
**Customer Satisfaction**Strong customer NPS scores across regions, with EMEA at 35, Americas at 55, and APAC at 47 (China declined to 47 due to pricing tensions).
### **Outlook**
**2026 Expectations**Trading-to-date provides confidence in achieving 2026 expectations, with management focused on margin improvement and operational efficiency.
**Balance Sheet**Remains strong, providing flexibility for strategic investments and bolt-on acquisitions.
**Middle East Situation**Monitoring potential broader impacts, though the Group has no operating footprint in the region.
### **CEO Commentary**
Scott Fawcett, CEO, emphasized 2025 as a year of strategic progress despite subdued global industrial demand. He highlighted revenue growth across regions, robust gross margins, and advancements in strategic priorities, including the Device Technologies acquisition and ERP rollout. Fawcett expressed confidence in Essentras ability to create strong shareholder value through its unique customer proposition, clear strategic priorities, and disciplined capital allocation.
### **Conclusion**
Essentra plc demonstrated resilience in 2025, achieving modest revenue growth, maintaining robust gross margins, and making significant strategic progress. The Group is well-positioned for further growth in 2026, supported by a strong balance sheet, operational efficiency initiatives, and a focus on sustainable and value-enhancing growth opportunities.
Here is the HTML table code comparing the financials and debt year on year for Essentra plc: td>(23.1%)
Metric2025 (£m)2024 (£m)Change Constant FXChange Actual FX
Revenue302.0302.42.5%(0.1%)
Adjusted Operating Profit32.040.1(17.7%)(20.2%)
Adjusted Operating Margin10.6%13.3%(260bps)(270bps)
Adjusted Pre-tax Profit24.031.2(20.8%)
Adjusted Basic Earnings per Share6.1p8.5p(25.2%)(28.2%)
Adjusted Net Cash Flow from Operating Activities44.036.420.8%20.9%
Net Debt (excluding lease liabilities)60.768.2(11.0%)(11.0%)
Net Debt to Adjusted EBITDA1.4x1.3x(7.7%)(7.7%)

Key Observations:

  • Revenue remained relatively flat year-on-year, with a slight decrease in actual FX terms.
  • Adjusted operating profit and pre-tax profit decreased significantly, driven by margin pressures and increased costs.
  • Net debt decreased by 11.0%, reflecting strong cash flow generation and debt management.
  • Net debt to adjusted EBITDA ratio increased slightly, but remains within the target range of <1.5x.
**Note:** The percentage changes for net debt and net debt to adjusted EBITDA are calculated based on the provided data. The actual FX change for net debt is the same as the constant FX change since currency effects are not applicable to this metric.
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All News 06:01
SWG

Interim Results

Shearwater Group plc

**Summary of Shearwater Group PLC Interim Results for H1 FY26 (Ended 31 December 2025)**
**Financial Highlights**
**Revenue Growth** £14.0 million, up 31% YoY (from £10.7 million in Jul-Dec FY25) and 24% from the reported FY25 interim results (Apr-Sep FY25: £11.3 million). Growth driven by organic expansion and FY25 contract wins.
**Adjusted EBITDA** £0.0 million (vs. £0.1 million profit in Jul-Dec FY25), with a reported loss of £0.4 million for H1 FY25.
**Administrative Expenses** £2.9 million, down 6% YoY, reflecting cost reduction initiatives and FY25 restructuring.
**Cash Position** £2.2 million, impacted by short-term project cash flow timing. Adjusted for a £1.5 million contract outflow resolved in January 2026, the balance would have been £3.7 million (vs. £3.6 million in Dec 2024).
**Operational Highlights**
**Services Momentum** Strong demand from blue-chip clients in Telecommunications, Financial Services, and Government sectors.
**Contract Wins** Notable wins include a £7.3 million extension with a mobile network operator and expansions in Central Government.
**Pentest Business** Returned to profitability post-FY25 restructuring.
**Software Solutions** Continued demand for on-premise solutions, particularly in regulated sectors.
**H2 Start** Positive momentum with a £9 million renewal/extension in global financial services post-period end.
**Board Update**
Robin Southwell appointed as Chair effective 1 February 2026.
**Outlook**
**Pipeline Strength** Robust pipeline supported by Services momentum, with H2 wins aligning to peak sales cycles.
**Margin Improvement** Expected in H2 as new solutions are delivered.
**Full-Year Confidence** Board remains confident in meeting market expectations for FY26.
**CEO Commentary (Phil Higgins)**
Highlighted progress in revenue growth and operational performance, driven by demand in high-threat environments.
Emphasized Services business momentum, Pentest profitability, and software portfolio investments.
Confident in H2 performance and FY26 market expectations, supported by recent contract wins and margin improvements.
**Market Opportunity**
Cybersecurity market projected to grow at 14% CAGR globally and 10-12% in the UK, driven by escalating cyber threats.
Shearwater’s differentiated full-service offering positions it to capitalize on this growth.
**Segment Performance**
**Services** 37% revenue growth to £12.9 million, driven by cloud-hosted software and FY25 contracts. Gross margin slightly down to 17% due to revenue recognition policy changes.
**Software** Revenue declined 12% to £1.1 million but remained stable compared to FY25 pro-rated totals.
**Financial Position & Cash Flow**
H1 cash outflow due to timing of project payments, with net cash used in operations at £2.4 million.
Strong financial position to support growth initiatives.
**Conclusion**
Shearwater Group demonstrated resilient H1 performance with strong revenue growth, operational improvements, and strategic contract wins. Despite short-term cash flow challenges, the company is well-positioned to capitalize on cybersecurity market opportunities, with confidence in delivering full-year expectations.
Here’s an HTML table comparing the financials and debt year on year for Shearwater Group PLC based on the provided text:
MetricH1 FY26 (unaudited)H1 FY25 (unaudited)YOY Change
Revenue£14.0m£10.7m+31%
Gross Profit£2.9m£3.2m-10%
Adjusted Administrative Expenses£2.9m£3.1m-6%
Adjusted EBITDA£0.0m£0.1m-100%
Cash and Cash Equivalents£2.2m£3.6m-39%
Debt (Long-term)£3.5m£4.5m-22%
### Explanation: 1. **Revenue**: Increased by 31% from £10.7m in H1 FY25 to £14.0m in H1 FY26. 2. **Gross Profit**: Decreased by 10% from £3.2m in H1 FY25 to £2.9m in H1 FY26. 3. **Adjusted Administrative Expenses**: Decreased by 6% from £3.1m in H1 FY25 to £2.9m in H1 FY26. 4. **Adjusted EBITDA**: Fell from £0.1m in H1 FY25 to £0.0m in H1 FY26. 5. **Cash and Cash Equivalents**: Decreased by 39% from £3.6m in H1 FY25 to £2.2m in H1 FY26. 6. **Debt (Long-term)**: Decreased by 22% from £4.5m in H1 FY25 to £3.5m in H1 FY26. This table provides a clear comparison of key financial metrics and debt levels between the two periods.
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All News 06:01
ABDX

Half-year Financial Report

Abingdon Health Plc

**Summary of Abingdon Health PLC Half-Year Financial Report (H1 FY26)**
**Financial Performance**
**Revenue Growth**Total revenue (including grant-funded income) increased by 45% to £4.5 million (H1 FY25: £3.1 million). Reported revenue grew by 37% to £4.2 million.
**Adjusted EBITDA Loss**Improved to £1.7 million (H1 FY25: £1.9 million) due to continued investment in infrastructure and growth.
**Loss Before Taxation**£2.3 million (H1 FY25: £2.6 million).
**Cash Position**Cash and equivalents rose to £3.7 million at 31 December 2025 (30 June 2025: £1.9 million), boosted by a £3.2 million fundraise in October 2025.
**Operational Highlights**
**US Expansion**Expanded CDMO operations in Madison, Wisconsin, with plans for further investment in manufacturing, performance evaluation, and ISO accreditation.
**Major Contracts**Secured a $2.5 million contract in March 2026 for clinical self-test development and regulatory support, adding to a $2 million US contract announced in November 2025.
**Regulatory Services**Revenue grew 49% to £1.9 million, driven by integrated service offerings.
**Innovation**Launched seaweed-based lateral flow housings in partnership with SymbioTex Ltd, emphasizing sustainability.
**Patents**New European patent granted for AppDx® lateral flow smartphone reader, protecting proprietary AI-driven technology.
**Management Changes**Promoted Candice Vendettuoli to Chief Delivery Officer and Natalie Thrush to Chief of Staff to support growth.
**Outlook and Guidance**
**H2 FY26**Expected to be profitable and cash flow positive, with positive adjusted EBITDA.
**FY26 Revenue Guidance**Maintained at £12.6 million (£12.2 million from contracts, £0.4 million from grants).
**FY27 Outlook**Positive, with major CDMO contracts continuing into FY27, providing a strong revenue foundation.
**OTCQB Listing**Shares to begin trading on the OTCQB Venture Market in the US under ticker "ABDXF" to enhance investor accessibility.
**Strategic Focus**
**End-to-End Services**Strengthened by acquisitions of CS Lifesciences and IVDeology, offering comprehensive CDMO, regulatory, and analytical services.
**Sustainability**Commitment to reducing plastic waste in lateral flow products through innovative biobased solutions.
**US Market**Focus on US expansion to capitalize on the growing lateral flow assay market, projected to reach $25.28 billion by 2035.
**Chairman’s Statement**
Dr Chris Hand highlighted substantial revenue growth, strategic investments, and a clear path to profitability. The company’s integrated service offering and strong pipeline position it well for continued growth, with FY27 expected to build on FY26 momentum.
**Conclusion**
Abingdon Health PLC demonstrated robust H1 FY26 performance, with significant revenue growth, strategic advancements, and a positive outlook for H2 FY26 and beyond. The company is well-positioned to capitalize on the lateral flow market’s growth, supported by its expanded US operations, innovative product offerings, and strong contract pipeline.
Here’s an HTML table comparing the financials and debt year on year for Abingdon Health PLC based on the provided text:
MetricH1 FY26 (6 months ended 31 Dec 2025)H1 FY25 (6 months ended 31 Dec 2024)Change
Revenue (Total)£4.5 million£3.1 million+45%
Reported Revenue£4.2 million£3.1 million+37%
Adjusted EBITDA Loss£1.7 million£1.9 millionImproved by £0.2 million
Loss Before Taxation£2.3 million£2.6 millionImproved by £0.3 million
Cash and Cash Equivalents£3.7 million£1.9 million+95%
Debt (Borrowings)£747,000£741,000+0.8%
Regulatory Services Revenue£1.9 million£1.3 million+49%
Contract Development Revenue£1.4 million£0.8 million+91%
Contract Manufacturing Revenue£0.5 million£0.5 million0%
### Key Observations: 1. **Revenue Growth**: Total revenue increased by 45% year-on-year, driven by strong growth in contract development and regulatory services. 2. **Adjusted EBITDA Loss**: Improved by £0.2 million, reflecting the benefit of revenue growth offsetting increased investment. 3. **Cash Position**: Cash and cash equivalents increased significantly due to a successful equity fundraise in October 2025. 4. **Debt**: Borrowings increased slightly by 0.8%, indicating minimal change in debt levels. 5. **Regulatory Services**: Revenue grew by 49%, highlighting the success of the integrated service offering. This table provides a clear comparison of key financial metrics and debt levels between H1 FY26 and H1 FY25.
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All News 06:01
WIX

Full Year Results 2025

Wickes Group PLC

**Summary of Wickes Group PLC Full Year Results 2025**
Wickes Group PLC reported strong financial performance for the 52 weeks ending December 27, 2025, with total revenue increasing by 5.9% to £1,636.2 million compared to £1,544.5 million in 2024. Adjusted profit before tax (PBT) rose by 14.4% to £49.9 million, surpassing expectations, while statutory PBT increased significantly to £48.7 million from £23.2 million in 2024, aided by operating leverage and productivity improvements.
**Key Financial Highlights**
**Revenue Growth** Retail revenue grew by 6.5% to £1,208.9 million, driven by strong volume growth, particularly in TradePro (9% sales growth) and mid-single-digit growth in DIY sales. Design & Installation revenue increased by 4.4% to £427.3 million, supported by enhancements in kitchen and bathroom offerings.
**Profitability** Adjusted PBT margin improved to 3.0% from 2.8% in 2024, reflecting operational efficiency and cost management. Statutory PBT margin rose to 3.0% from 1.5% in 2024.
**Cash Position** Net cash stood at £91.7 million, up from £86.3 million in 2024, after investments in growth and shareholder returns, including £44.8 million returned to shareholders.
**Dividends and Share Buybacks** A final dividend of 7.3p per share was declared, maintaining the total dividend at 10.9p for the year. A new £10 million share buyback program was announced, in addition to £5-10 million for employee share schemes in 2026.
**Strategic Achievements**
**Market Share Gains** Wickes achieved record market share in Retail, particularly in timber, tiling, flooring, and paint categories.
**TradePro Growth** Active TradePro members increased to 643,000 from 581,000 in 2024, with sales growth driven by strategic partnerships and customer engagement initiatives.
**Design & Installation Momentum** Five consecutive quarters of ordered sales growth and three consecutive quarters of delivered sales growth were recorded, supported by simplified customer journeys and range enhancements.
**Store Expansion** Wickes opened 5 new stores and completed 11 refits/refreshes in 2025, with an ambition to reach 300 stores nationwide, creating over 2,000 new jobs.
**Digital and Technology Investment** Increased investment in technology to enhance customer experience and support future growth, including new design software and unified commerce platforms.
**Current Trading and Outlook**
**2026 Trading** The first 11 weeks of 2026 showed continued volume growth across indoor projects and Design & Installation, despite wet weather impacting outdoor project demand.
**Future Prospects** Wickes remains confident in its growth strategy, focusing on proven levers like store expansion, digital enhancement, and category wins. The company is comfortable with consensus expectations for adjusted PBT in 2026, despite macroeconomic uncertainties.
**Leadership Commentary**
CEO David Wood highlighted the company’s strong strategic progress, record market share gains, and the successful acceleration of store investment for future growth. He emphasized the commitment to enhancing customer experience and expanding Wickes’ footprint across the UK.
**Conclusion**
Wickes Group PLC demonstrated robust financial and operational performance in 2025, underpinned by strategic investments in growth levers, market share gains, and a focus on customer satisfaction. The company is well-positioned for continued growth in 2026, despite external challenges, with a clear strategy to expand its store network and enhance digital capabilities.
Here is the HTML table code comparing the financials and debt year on year for Wickes Group PLC:
Metric2025 (£m)2024 (£m)Change
Total Revenue1,636.21,544.5+5.9%
Adjusted Profit Before Tax49.943.6+14.4%
Statutory Profit Before Tax48.723.2+109.9%
Net Cash Position91.786.3+6.3%
Average Cash Across the Year153.0144.3+6.0%
Final Dividend Declared (pence)7.37.30%
Total Dividend for the Year (pence)10.910.90%
Lease Liability Net Debt(628.1)(619.0)-1.5%
**Notes:** * The table compares key financial metrics and debt for Wickes Group PLC between 2025 and 2024. * The data is extracted from the provided text, which is the Full Year Results 2025 announcement for Wickes Group PLC. * The table includes metrics such as Total Revenue, Adjusted Profit Before Tax, Statutory Profit Before Tax, Net Cash Position, Average Cash Across the Year, Final Dividend Declared, Total Dividend for the Year, and Lease Liability Net Debt. * The "Change" column shows the percentage change between 2025 and 2024 for each metric. * Negative values in the "Lease Liability Net Debt" row indicate a net debt position.
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All News 06:01
MIDW

2025 Full Year Results

Midwich Group PLC

**Summary of Midwich Group PLCs 2025 Full Year Results:**
Midwich Group PLC, a global specialist audio-visual (AV) distributor, reported its 2025 full-year results, highlighting a return to revenue growth in the second half of the year despite challenging macroeconomic conditions. The company achieved sustained record gross margins of 17.7%, consistent with 2024.
**Financial Highlights**
**Revenue** £1,270.8 million, a slight decrease of 1.5% from 2024 (£1,289.5 million), with a return to growth in the second half.
**Gross Profit** £225.2 million, down 1.6% from £228.8 million in 2024.
**Adjusted Operating Profit** £43.6 million, a 10.7% decline from £48.9 million in 2024, with 60% generated in the second half.
**Adjusted Profit Before Tax** £30.5 million, down 22.1% from £39.1 million in 2024.
**Adjusted EPS** 22.37p, a 17.0% decrease from 26.96p in 2024.
**Adjusted Cash Flow Conversion** 123%, up from 97% in 2024, reflecting improved working capital management.
**Adjusted Net Debt to Adjusted EBITDA Ratio:** 2.17x, slightly up from 2.0x in 2024 but down from 2.5x in H1 2025.
**Operational Highlights**
**Market Share Gains** The company gained market share with key vendors, supported by its diverse product and geographic portfolio.
**Regional Performance** Strong growth in the UK&I due to market share gains and new vendors, despite challenging conditions. Robust performance in EMEA (excluding Germany), with Germany expected to improve from 2026.
**Digital Investments** Progress in digital initiatives, including AI automation and digital platforms, expected to enhance productivity and growth from 2026.
**Dividend Policy** Proposed final dividend of 3.5p and interim dividend of 1.75p, totaling 5.25p for 2025, reflecting a revised dividend policy with a 25% payout ratio of adjusted EPS.
**Strategic Focus**
**Efficiency and Market Positioning** Focused on driving efficiencies and strengthening market positioning in 2025.
**Digital Strategy** Approved a new digital strategy emphasizing agility, AI, and digital solutions to deliver new customer solutions and differentiate from competitors.
**ERP System** Decided to pause the rollout of a global ERP system, prioritizing bespoke digital tools for quicker benefits at lower cost and risk.
**M&A and Organic Growth** Continued focus on organic growth and strategic acquisitions to expand capabilities and geographic reach.
**Outlook**
**2026 Expectations** The Board anticipates a return to profit growth in 2026, supported by actions taken in 2025 and the companys strong market position.
**Long-Term Growth** The global Pro AV market is expected to grow faster than GDP, and Midwich is well-positioned to benefit from this trend, with less than 4% market share in its target addressable market.
**Leadership Changes**
**CFO Transition** Adam Councell appointed as Group CFO, succeeding Stephen Lamb, who left in 2026.
**Board Changes** Mike Ashley retired from the Board in May 2026, with plans to appoint at least one additional independent Non-executive Director.
**Sustainability and Corporate Governance:**
**Sustainability Progress** Enhanced environmental initiatives, including renewable energy investments and science-based carbon targets.
**Diversity and Inclusion** Commitment to diversity in future Director and senior leader appointments.
**Community Engagement** Continued support for community initiatives, with the Gift of AV program raising £325,000 over five years.
**Conclusion**
Midwich Group PLC demonstrated resilience in 2025, navigating challenging conditions while positioning itself for future growth through strategic investments, operational efficiencies, and a focus on digital transformation. The company remains optimistic about its long-term prospects in the growing Pro AV market.
Here is the HTML table code comparing the financials and debt year on year for Midwich Group PLC:
Metric2025 (£m)2024 (£m)Change (%)
Revenue1,270.81,289.5(1.5%)
Gross Profit225.2228.8(1.6%)
Adjusted Operating Profit43.648.9(10.7%)
Adjusted Profit Before Tax30.539.1(22.1%)
Adjusted Net Debt126.0130.6(3.5%)
Adjusted Net Debt to Adjusted EBITDA Ratio2.17x2.0x8.5%
**Key Observations:** * **Revenue and Gross Profit:** Both revenue and gross profit decreased slightly in 2025 compared to 2024, with a 1.5% and 1.6% decline, respectively. * **Adjusted Operating Profit and Adjusted Profit Before Tax:** These metrics saw more significant declines, with adjusted operating profit decreasing by 10.7% and adjusted profit before tax decreasing by 22.1%. * **Adjusted Net Debt:** Adjusted net debt decreased by 3.5% in 2025, indicating improved cash management. * **Adjusted Net Debt to Adjusted EBITDA Ratio:** This ratio increased by 8.5%, suggesting a slight increase in leverage. Note: The percentages in the "Change (%)" column are calculated based on the provided data.
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All News 06:01
IGP

Year End Trading Update

Intercede Group

**Summary**
Intercede Group PLC, a leading cybersecurity software company specializing in digital identities, released its year-end trading update for the financial year ending 31 March 2026 (FY26). The company expects continued growth in Annual Recurring Revenue (ARR) driven by increased support, maintenance revenues, and adoption of subscription-based licensing. However, full-year revenue is anticipated to be 8-9% below market expectations due to procurement delays, particularly in the United States, and customer purchasing deferrals caused by geopolitical uncertainties, including the Middle East conflict. Adjusted EBITDA is expected to be 15-18% below expectations due to reduced revenues and ongoing strategic investments.
Despite these challenges, Intercede emphasizes that delayed opportunities are not lost, with active customer engagements and improved order intake momentum in H2 FY26. The company maintains a strong cash position, a debt-free balance sheet, and reaffirms its FY27 revenue target of £21 million, reflecting confidence in the timing of delayed opportunities converting into orders as conditions stabilize. The strategic shift to a subscription-based model is accelerating, enhancing revenue quality and predictability. CEO Klaas van der Leest highlighted the robustness of the pipeline, the transition to recurring revenue, and the company’s strong financial position, positioning Intercede for long-term growth and shareholder value. A more detailed trading update is scheduled for 9 April 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not provide explicit year-on-year financial data, the table is structured to reflect the key financial metrics mentioned for FY26 and the outlook for FY27, along with the debt status.
MetricFY26 (Expected)FY27 (Target)Debt Status
Revenue£17.2m - £17.5m
(8-9% below £18.7m expectation)		£21mDebt-free
Adjusted EBITDA£3.9m - £4.1m
(15-18% below £4.6m expectation)		N/A
Cash and Cash Equivalents£19.5m - £19.9m
(3-5% above £19.0m expectation)		N/A
Annual Recurring Revenue (ARR)Continued growthContinued growthN/A
### Explanation: 1. **Revenue (FY26)**: Expected to be 8-9% below the £18.7m market expectation, resulting in a range of £17.2m - £17.5m. 2. **Revenue (FY27)**: Targeted at £21m, reaffirming management's confidence in delayed opportunities converting. 3. **Adjusted EBITDA (FY26)**: Expected to be 15-18% below the £4.6m market expectation, resulting in a range of £3.9m - £4.1m. 4. **Cash and Cash Equivalents (FY26)**: Expected to be 3-5% above the £19.0m market expectation, resulting in a range of £19.5m - £19.9m. 5. **Debt Status**: The company maintains a debt-free balance sheet across both years. 6. **ARR**: Continued growth is expected in both FY26 and FY27 as part of the strategic shift to subscription-based models. This table provides a clear comparison of the key financial metrics and debt status for FY26 and FY27 based on the provided information.
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All News 06:01
FNX

Interim Results

Fonix Mobile plc

**Summary of Fonix PLC Interim Results for H1 FY26 (6 months ended 31 December 2025)**
**Financial Highlights**
**Gross Profit** Increased by 7.1% to £10.5 million (H1 FY25: £9.8 million).
**Adjusted EBITDA** Rose by 6.4% to £8.3 million (H1 FY25: £7.8 million).
**Interim Dividend** Increased to 3.10p per share (H1 FY25: 2.90p), in line with the progressive dividend policy.
**Adjusted PBT** Grew by 2.6% to £8.0 million (H1 FY25: £7.8 million).
**Adjusted EPS** Remained stable at 6.2p (H1 FY25: 6.2p).
**Underlying Cash** Decreased by 16.4% to £9.2 million (H1 FY25: £11.0 million), primarily due to increased shareholder distributions.
**Operational Highlights**
1. **International Expansion**
Successfully launched services in **Portugal** with a leading national broadcaster, showing early traction.
Pilot of interactive services in a **third European market** is underway.
Commenced expansion into a **fourth European market**, targeting service launch in FY27.
2. **Product Progress**
**Campaign Manager** Enhanced with infrastructure upgrades for scalability and international support.
**PayFlex** Expanded to Ireland and two UK broadcasters, with plans for broader rollout.
**CompsPortal** First customer launch in December 2025, with encouraging user engagement.
**RichMessaging** Successful RCS messaging pilots with UK broadcasters, leading to expanded trials.
3. **Partnerships**
Extended contract with **ITV** for live broadcast interactivity services, now in its tenth year.
Maintained high client retention (>99% recurring income).
4. **Platform Performance**
Achieved 100% platform uptime throughout the period.
All key service lines (mobile payments, messaging, managed services) grew during the period.
**Outlook**
Continued momentum in core UK and Ireland markets, with encouraging international progress.
Strong pipeline of enterprise opportunities and focus on product innovation (PayFlex, CompsPortal, RichMessaging).
Board remains confident in delivering sustainable gross profit growth and long-term shareholder value, despite UK tax changes affecting certain gaming operators (which represent <6% of gross profit).
**CEO’s Commentary (Rob Weisz)**
Highlighted strong H1 performance driven by product innovation, international expansion, and long-standing partnerships.
Emphasized resilience in the business model, with high recurring income and structural barriers to entry.
Acknowledged the potential impact of AI technologies and Fonix’s proactive integration of AI into its operations.
**Key Financial Metrics**
**Revenue** Grew by 9% to £42.3 million (H1 FY25: £38.8 million).
**Gross Profit Margins** Slightly decreased to 24.9% (H1 FY25: 25.2%) due to revenue mix changes.
**Total Payment Volumes (TPV)** Increased by 6.7% to £160 million (H1 FY25: £150 million).
**Strategic Growth Pillars**
1. **Technological Innovation** Focus on PayFlex, CompsPortal, and RichMessaging to drive revenue growth.
2. **International Expansion** Client-led expansion into Portugal, third, and fourth European markets.
3. **Sustainable Profitability** Commitment to long-term profitability and shareholder value creation.
**Conclusion**
Fonix PLC delivered a robust H1 FY26 performance, underpinned by strong financial results, strategic international expansion, and product innovation. The company remains well-positioned for sustainable growth, with a resilient business model and a clear focus on long-term value creation.
Here is the HTML table code comparing the financials and debt year on year for Fonix PLC:
MetricH1 FY26 (£'000)H1 FY25 (£'000)Change
Gross Profit10,5359,764+7.9%
Adjusted EBITDA8,3007,800+6.4%
Adjusted PBT8,0057,865+1.8%
Underlying Cash9,20011,000-16.4%
Total Payment Volumes (TPV)160,000150,000+6.7%
Revenue42,33438,750+9.2%
Adjusted EPS (pence)6.26.20.0%
Interim DPS (pence)3.12.9+6.9%

Note: Debt information is not explicitly mentioned in the provided text. The table above focuses on key financial metrics and their year-on-year changes.

This table summarizes the key financial metrics for Fonix PLC, comparing H1 FY26 with H1 FY25. The metrics include Gross Profit, Adjusted EBITDA, Adjusted PBT, Underlying Cash, Total Payment Volumes, Revenue, Adjusted EPS, and Interim DPS. The changes are calculated as percentages. Since debt information is not provided in the text, it is not included in the table.
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All News 06:01
BRWM

Final Results

Blackrock World Mining Trust Plc

**Summary**
BlackRock World Mining Trust plc (the "Company") released its final results for the year ended 31 December 2025, highlighting a strong performance driven by positive demand trends from AI infrastructure build-out, energy transition, and precious metals demand. The Company reported a net asset value (NAV) total return of 74.2%, outperforming the reference index and FTSE All-Share Index. The share price total return was 74.1%.
**Key Highlights**
**Performance** The Companys NAV total return was 74.2%, compared to 64.2% for the reference index and 24.0% for the FTSE All-Share Index. The share price total return was 74.1%.
**Dividends** A proposed final dividend of 7.50p per share, making a total of 24.00p per share for the year, representing a 4.3% increase from 2024.
**Portfolio** The Companys portfolio manager effectively managed exposure to commodities, precious metals, and unquoted assets, contributing to the strong performance.
**Gearing** The Company operated with a flexible gearing policy, with a maximum gearing of 13.6% and an average gearing of 8.8% during the year.
**Share Buybacks** The Company repurchased 4,335,000 shares at an average discount of 8.7% to NAV, with further buybacks post-year end.
**Chairmans Statement**
The Chairman, Chip Goodyear, attributed the Companys success to its nimble "virtual mining company" approach, allowing it to adapt to market conditions and capitalize on opportunities. The Companys performance was driven by strong demand for critical minerals, precious metals, and its ability to manage exposure to various commodities.
**Investment Managers Report**
The Investment Manager highlighted the Companys stellar performance, driven by positive demand trends, supply-side disruptions, and the critical minerals agenda. The Companys NAV total return was 74.2%, and the share price total return was 74.1%. Key contributors to performance included positions in Hycroft Mining, Kinross Gold, and the sale of the BHP Brazil Royalty.
**Outlook**
The Company expects commodity markets to remain strong, driven by continued demand for critical minerals and precious metals. However, key risks include geopolitical fluctuations, slow growth in China, and concentration of capital spending related to technology and AI.
**Financials**
**Net Asset Value (NAV):** £1598428000 (2024: £975199000)
**Revenue Profit:** £45867000 (2024: £44127000)
**Total Comprehensive Income:** £688590000 (2024: Loss of £119941000)
**Dividends Paid:** £43260000 (2024: £64037000)
**Conclusion**
BlackRock World Mining Trust plc delivered a strong performance in 2025, driven by its ability to adapt to market conditions and capitalize on opportunities in the mining sector. The Companys focus on critical minerals, precious metals, and its nimble approach contributed to its success. Despite potential risks, the Company is well-positioned to continue delivering strong returns in the future.
Here is a comparison of the financials and debt year on year for BlackRock World Mining Trust plc, presented as an HTML table:
Metric20252024Change
Net Assets (£'000)1,598,428975,199+63.9%
Net Asset Value per Share (pence)856.23510.53+67.7%
Ordinary Share Price (pence)804.00481.00+67.2%
Net Revenue Profit after Taxation (£'000)45,86744,127+3.9%
Total Dividends per Share (pence)24.0023.00+4.3%
Bank Loans (£'000)96,651135,739-28.8%
**Notes:** * The net assets and net asset value per share increased significantly in 2025, driven by strong performance in the mining sector and positive demand trends. * The ordinary share price also increased substantially, reflecting the strong performance of the underlying portfolio. * Net revenue profit after taxation increased slightly, while total dividends per share increased by 4.3%. * Bank loans decreased by 28.8%, indicating a reduction in debt levels. This table provides a concise overview of the key financials and debt metrics for BlackRock World Mining Trust plc, highlighting the significant improvements in 2025 compared to 2024.
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BOKU

Share Buyback Programme

Boku Inc

**Summary**
Boku, Inc. (AIMBOKU), a global network of Local Payment Methods (LPMs), announced on March 17, 2026, the launch of a share buyback programme. The companys board approved the repurchase of up to 4,000,000 common shares (approximately 5% of its issued common stock) to be held in Treasury. This decision is driven by the belief that the current share price undervalues the company, and the buyback represents a strategic use of its growing cash reserves while supporting long-term growth plans. The programme aims to minimize future shareholder dilution by using repurchased shares for warrant obligations or staff equity remuneration.
Investec Bank plc will execute the buyback, adhering to pre-set parameters, including price limits based on market averages and independent trades. The programme will run from March 17, 2026, to September 30, 2026, or until the maximum number of shares is purchased. Due to limited trading liquidity, the buyback may represent a significant portion of daily trading volume, exempting the company from certain UK Market Abuse Regulation provisions.
Boku, founded in 2008 and headquartered in London, provides merchants with access to over 7 billion consumer payment accounts worldwide through its network of payment methods. The company serves major technology, media, and entertainment firms, offering services like Direct Carrier Billing, Digital Wallets, and cross-border funds settlement.
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BuyBack 06:01
TRST

Share Buyback Programme

Trustpilot Group PLC

**Summary**
Trustpilot Group plc announced a new share buyback programme valued at up to £22.5 million (approximately US$30 million), scheduled to commence immediately after the completion of its 2025 buyback programme. The initiative aligns with the company’s commitment to maintaining an efficient balance sheet and returning excess capital to shareholders. Deutsche Bank AG, London Branch (trading as Deutsche Numis), will manage the purchases on a non-discretionary basis, adhering to pre-set parameters and regulatory requirements. The shares will be purchased on the London Stock Exchange and other trading venues, with the sole purpose of reducing Trustpilot’s share capital through cancellation of the repurchased shares. The programme will operate within the authority granted by shareholders at the 2025 Annual General Meeting and, if approved, the 2026 Annual General Meeting, and will comply with EU and UK financial regulations. The buyback is expected to terminate by 31 December 2026 or upon reaching the maximum purchase limits. Trustpilot will disclose any share repurchases within seven trading days of occurrence. The company, founded in 2007, continues to grow its global presence with over 361 million reviews and 1,000 employees across multiple international offices.
BuyBack
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Collaborate 0 news titles 0

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DirectorDealing 41 news titles 41
NET logo
DirectorDealing 16:41
NET

Director/PDMR Shareholding

Netcall plc

Netcall plc (AIMNET), an enterprise software company that unites automation and customer engagement in one AI-powered platform, announces the <mark style="background-color:yellow">purchase</mark> of 5,000 ordinary shares of 5 pence each ("Ordinary Shares") by Nigel Halkes, Non-Executive Director.
CCR logo
DirectorDealing 14:31
CCR

Director/PDMR Shareholding

C&C Group plc

C&C has been informed that, on 16 March 2026, the Persons Discharging Managerial Responsibilities (PDMRs) detailed below <mark style="background-color:yellow">purchase</mark>d through the Companys UK administered Share Incentive Plan (SIP) and Irish administered Revenue Approved Profit-Sharing Scheme (APSS), ordinary shares in the Company (Partnership Shares under the SIP and Contributory Shares under the APSS). Under the terms of the SIP/APSS, each eligible employee can choose to purchase Partnership Shares/Contributory Shares from their gross pay as a lump sum or as a monthly contribution, and the share purchases are matched by C&C (Matching Shares).
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DirectorDealing 12:35
ICGT

Director/PDMR Shareholding

ICG Enterprise Trust PLC

b) Nature of the transaction <mark style="background-color:yellow">Purchase</mark> of ordinary shares
BIPS logo
DirectorDealing 10:26
BIPS

Director/PDMR Shareholding

Invesco Bond Income Plus Limited

<mark style="background-coloryellow">Purchase</mark> of Shares (via Dividend Re-investment Plan)
SSPG logo
DirectorDealing 10:02
SSPG

Director/PDMR Shareholding

SSP Group PLC

<mark style="background-coloryellow">Purchase</mark> of Partnership Shares and the right to Matching Shares under the Matching Award element of the ISIP.
OCDO logo
DirectorDealing 07:49
OCDO

Director/PDMR Shareholding

Ocado Group PLC

<mark style="background-coloryellow">Purchase</mark> of 1,789,302 shares by Apple III Limited (which is owned by Apple III Trust, of which Jörn Rausing is a beneficiary)
PLSR logo
DirectorDealing 06:01
PLSR

Pulsar Appoints Ranzini to Board & PDMR Dealings

Pulsar Helium Inc.

Mr. Ranzini, together with his wife and children, holds a direct interest in 260,097 Common Shares. Mr. Ranzini also has indirect interests in Pulsar through University Bancorp Inc., and Jove Corporation. Mr. Ranzini has a beneficial interest of 18.18% (with voting control over 35.16%) in University Bancorp Inc., which will be interested in 9,035,435 Common Shares, representing 4.99% of Pulsars share capital on completion of the share <mark style="background-color:yellow">purchase</mark> detailed in this announcement. Mr. Ranzini holds a 43% interest in Jove Corporation, which is interested in 230,300 Common Shares, representing 0.13% of Pulsars share capital. Additionally, Mr. Ranzini has investment authority, but no beneficial ownership or voting rights control, over 1,648,000 Common Shares, representing 0.91% of Pulsars share capital, held by Rory Ballard.
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FDA 1 news title 1
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FDA 06:01
CRTX

Awarding of Orphan Drug Designation by the FDA

CRISM Therapeutics Corporation

**Summary**
CRISM Therapeutics Corporation announced on March 17, 2026, that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation (ODD) to irinotecan for the treatment of malignant glioma, including all high-grade (Grade III and IV) gliomas. This designation is a significant regulatory and commercial milestone, providing incentives such as seven years of U.S. market exclusivity, tax credits for clinical trials, and exemption from FDA application fees. The ODD complements CRISM’s previously granted Innovation Passport for its ChemoSeed™ platform by the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) under the Innovative Licensing and Access Pathway (ILAP). These designations strengthen the development and commercial potential of the irinotecan-ChemoSeed program, positioning it for streamlined global regulatory development, including potential participation in international collaborative review programs like Project Orbis. CRISM’s Chief Scientific Officer, Professor Chris McConville, highlighted the strategic importance of these achievements in advancing the company’s oncology assets to address unmet medical needs. The company remains focused on its registration-grade Phase 2 clinical trial of Irinotecan ChemoSeed for surgically resectable glioblastoma.
FDA
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Launch 2 news titles 2
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Launch 06:01
PEBB

Launch of Share Buyback Programme

The Pebble Group PLC

**Summary**
The Pebble Group PLC, a leading provider of digital commerce and related services to the global promotional products industry, announced the launch of a share buyback programme on March 17, 2026. The programme, authorized by the Board, aims to repurchase up to £5.0 million worth of ordinary shares or a maximum of 16,112,332 shares, whichever limit is reached first. This initiative reflects the Boards confidence in the companys future value and its commitment to enhancing shareholder returns while maintaining focus on strategic investments.
The buyback will be executed by Panmure Liberum Limited, acting as a "riskless" principal, with purchases made on the London Stock Exchange within pre-set parameters. The maximum price per share will not exceed 105% of the average middle market quotation over the preceding five business days, with a minimum price of £0.01. Purchased shares will be cancelled.
The programme may account for a significant portion of daily trading volume due to limited liquidity in the shares, potentially exceeding 25% of average daily traded volume. It will terminate upon reaching the maximum amount, the conclusion of the 2026 AGM (if authority is not renewed), or by December 31, 2026, whichever occurs first. All purchases will be announced by 7:30 am (UK time) on the following business day. The company confirmed it has no inside information at the time of the announcement.
Launch
Litigation 1 news title 1
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Litigation 06:01
LIT

Judgment Delivered in Commercial Litigation Claim

Litigation Capital Management Limited

**Summary**
Litigation Capital Management Limited (LCM), an alternative asset manager specializing in dispute financing, announced on March 17, 2026, that an Australian Court has delivered a judgment in a commercial litigation claim it funded. The court ruled against LCMs funded party in a case where LCM had invested A$1.4 million in shareholder capital. The company had previously anticipated this judgment on March 11, 2026. LCM has an After-the-Event (ATE) insurance policy in place to mitigate adverse costs risks. The company is currently reviewing the judgment and evaluating next steps with the funded party and legal representatives. The announcement contains inside information disclosed in compliance with the Market Abuse Regulation.
Litigation
NewContract 2 news titles 2
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NewContract 06:01
SML

Redmoor - Infill Drilling Contract Signed

Strategic Minerals Plc

**Summary**
Strategic Minerals plc, through its wholly owned subsidiary Cornwall Resources Limited (CRL), has signed a drilling contract with Priority Drilling UK Ltd to commence an infill drilling program at the Redmoor tungsten-tin-copper project in southeast Cornwall. This program aims to convert inferred mineral resources to indicated resources and produce a reserve calculation as part of the prefeasibility study. The drilling is fully funded by a £4m placing completed in January 2026.
Key highlights include
One drill rig has arrived on site, with additional rigs reserved pending planning approval for expanded operations.
The program is designed to leverage the success of the 2025 drilling campaign, which demonstrated the reliability of the new deposit model.
Tungsten prices remain at historic highs, emphasizing the strategic importance of advancing the Redmoor project, Europes highest-grade undeveloped tungsten resource.
CRL has a strong track record of securing permissions and working with local stakeholders to ensure efficient drilling operations.
The contract marks a significant milestone in Redmoors development, with drilling set to begin shortly after site preparations are completed.
NewContract
Offers 2 news titles 2
IEM logo
Offers 06:01
IEM

Publication of Exit Tender Offer Circular

Impax Environmental Markets PLC

**Summary**
Impax Environmental Markets PLC (IEM) has published an Exit Tender Offer Circular, offering eligible shareholders the option to sell up to 100% of their ordinary shares at a tender price based on the final asset value. This decision follows the failure of the Continuation Tender Offer, which was launched in January 2026, due to Saba – the largest shareholder with 22.1% holding – not tendering its shares. The Board, after extensive engagement with shareholders, concluded that the Exit Tender Offer is the best solution to protect non-Saba shareholders from potential control by Saba, which does not align with IEMs environmental objectives.
**Key Points**
1. **Exit Tender Offer** Shareholders can sell their shares for cash, with the tender price based on the final asset value of the tender pool.
2. **Reason for Offer** Sabas refusal to tender shares in the Continuation Tender Offer led to its cancellation, prompting the Board to propose the Exit Tender Offer.
3. **Shareholder Approval** The offer requires approval from over 50% of voting shareholders at the General Meeting on April 16, 2026.
4. **Director Support** All directors intend to vote in favor of the offer and tender their shares, emphasizing their belief in its fairness.
5. **Timeline** The offer opens on March 17, 2026, with a closing date of April 17, 2026. Payments are expected by the end of May 2026.
6. **Risks** Shareholders remaining post-offer may face a Saba-controlled company, with potential changes to strategy and objectives.
7. **Regulatory Notes** The offer is not available in certain jurisdictions (e.g., Canada, Japan, South Africa) and has specific conditions for U.S. and New Zealand shareholders.
**Conclusion**
The Exit Tender Offer aims to provide shareholders with an exit option at close to net asset value, addressing concerns over Sabas influence. Shareholders are urged to review the Circular and participate in the General Meeting to vote on the proposal. The outcome will significantly impact IEMs future structure and shareholder base.
Offers
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Partner 1 news title 1
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Partner 06:31
MEX

Tortilla-New Multi‑Aggregator Delivery Partnership

Tortilla Mexican Grill PLC

**Summary**
Tortilla Mexican Grill PLC, Europes largest fast-casual Mexican restaurant group, announced a new multi-aggregator delivery partnership with Deliveroo, Uber Eats, and Just Eat across its UK estate. This arrangement aims to broaden customer reach, improve service availability, and optimize delivery performance by operating across multiple platforms simultaneously, reducing reliance on any single delivery partner. The renewed partnership with Deliveroo leverages their established relationship, providing access to Deliveroos customer base, technology, and marketing capabilities. The Board expects this strategy to positively impact Group revenue in the current financial year, supporting Tortillas broader goals of balancing customer convenience, margin discipline, and operational control. The agreement aligns with Tortillas flexible, multi-platform delivery model, designed to maximize incremental demand while maintaining commercial and operational discipline. CEO Brandon Stephens emphasized the importance of delivery as a complementary channel, highlighting the partnerships role in enhancing customer convenience and long-term business economics. Deliveroos Chief Revenue Officer, Rob Harris, expressed excitement about the collaboration, focusing on reaching new customers and building loyalty through innovative initiatives. Tortilla, founded in 2007, operates 109 sites globally, with a strong emphasis on sustainability and quality, and is listed on the London Stock Exchange (LSE: MEX).
Partner
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Placing 5 news titles 5
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Proposals 2 news titles 2
Reports 14 news titles 14
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Reports 06:01
CBG

Half-year Report for six months to 31 January 2026

Close Brothers Group plc

**Summary of Close Brothers Group PLC Half-Year Report for Six Months to 31 January 2026**
**Overview**
Close Brothers Group PLC, a UK specialist banking group, reported its half-year results for the six months ending 31 January 2026. The group demonstrated resilience despite challenging market conditions, focusing on cost discipline, credit performance, and strategic repositioning. Key highlights include a marginal reduction in the loan book, continued growth in core businesses, and a strong CET1 capital ratio of 14.3%. The group is well-positioned for future growth, with accelerated cost savings plans and a focus on simplification, optimization, and growth.
**Financial Performance**
**Adjusted Operating Profit**£65.2 million (H1 2025: £80.5 million), reflecting a 19% decrease due to reduced income, partly offset by lower impairment losses.
**Operating Loss Before Tax**£65.5 million (H1 2025: £102.2 million), primarily due to a £135.0 million provision for motor finance commissions.
**Net Interest Margin (NIM)**7.1% (H1 2025: 7.3%), expected to be slightly <mark style="background-color:yellow">below</mark> 7% for the full year.
**Bad Debt Ratio**0.8% (H1 2025: 1.0%), expected to remain below the long-term average of 1.2%.
**Loan Book**Reduced by 2% to £9.2 billion (31 July 2025: £9.5 billion), with underlying decrease of 1% excluding planned exits and run-offs.
**Strategic Initiatives**
**Simplification**Largely complete, with the sale of Close Brothers Asset Management, Winterflood, and Brewery Rentals, and the exit from Vehicle Hire.
**Optimization**Accelerated cost savings plans, targeting £25 million in 2026 and £60 million by 2027, positioning the group for double-digit returns by 2028.
**Growth**Focused on core markets with strong and sustainable opportunities, targeting 5-10% annual growth through the cycle.
**Capital and Funding**
**CET1 Capital Ratio**Increased to 14.3% (31 July 2025: 13.8%), reflecting disposals and lower RWAs, partly offset by motor finance provisions.
**Total Funding**Decreased by 8% to £11.7 billion, covering 124% of the loan book, with a prudent maturity profile.
**Divisions Performance**
**Commercial**Adjusted operating profit decreased to £40.7 million (H1 2025: £50.0 million) due to lower utilization in Invoice Finance and the wind-down of Novitas.
**Retail**Adjusted operating profit increased to £17.5 million (H1 2025: £16.8 million), driven by a Motor Finance impairment release and improved credit performance in Premium Finance.
**Property**Adjusted operating profit declined to £29.8 million (H1 2025: £42.1 million) due to softer demand and increased impairment charges.
**Outlook**
**Cost Savings**Accelerated targets, with £25 million in 2026 and £60 million by 2027.
**NIM**Expected to be slightly below 7% in 2026.
**Bad Debt Ratio**Expected to remain below 1.2% in 2026.
**RoTE**On track to achieve double-digit returns by 2028, rising thereafter.
**Conclusion**
Close Brothers Group PLC demonstrated resilience in the first half of 2026, with a focus on strategic repositioning, cost optimization, and sustainable growth. Despite challenges, the group remains well-capitalized and positioned for future growth, with a clear path to achieving its long-term financial goals.
Here is a comparison of the financials and debt year on year presented as an HTML table:
Metric2025 (£ million)2026 (£ million)Change (%)
Operating loss before tax(102.2)(65.5)36
Adjusted operating profit80.565.2(19)
Loss attributable to shareholders(111.8)(64.4)42
Loan book9,5009,200(2)
CET1 capital ratio13.8%14.3%4
Total assets14,071.912,283.6(13)
Total liabilities12,336.410,620.8(14)
Total equity1,735.51,662.8(4)
**Key Observations:** - **Operating Loss Improvement:** The operating loss before tax decreased by 36% from £102.2 million in 2025 to £65.5 million in 2026, indicating improved operational efficiency. - **Adjusted Operating Profit Decline:** Adjusted operating profit decreased by 19% from £80.5 million in 2025 to £65.2 million in 2026, likely due to lower income and increased costs. - **Loan Book Reduction:** The loan book decreased by 2% from £9.5 billion in 2025 to £9.2 billion in 2026, reflecting the company's repositioning and market conditions. - **CET1 Capital Ratio Increase:** The CET1 capital ratio increased from 13.8% in 2025 to 14.3% in 2026, indicating a stronger capital position. - **Balance Sheet Reduction:** Total assets and liabilities decreased by 13% and 14%, respectively, primarily due to the sale of Winterflood and CBRL, and a reduction in treasury assets and customer deposits. This table provides a concise overview of the key financial and debt metrics, highlighting the year-on-year changes and trends.
ABDX logo
Reports 06:01
ABDX

Half-year Financial Report

Abingdon Health Plc

**Summary of Abingdon Health PLC Half-Year Financial Report (H1 FY26)**
**Financial Performance**
**Revenue Growth**Total revenue (including grant-funded income) increased by 45% to £4.5 million (H1 FY25: £3.1 million). Reported revenue grew by 37% to £4.2 million.
**Adjusted EBITDA Loss**Improved to £1.7 million (H1 FY25: £1.9 million) due to continued investment in infrastructure and growth.
**Loss Before Taxation**£2.3 million (H1 FY25: £2.6 million).
**Cash Position**Cash and equivalents rose to £3.7 million at 31 December 2025 (30 June 2025: £1.9 million), boosted by a £3.2 million fundraise in October 2025.
**Operational Highlights**
**US Expansion**Expanded CDMO operations in Madison, Wisconsin, with plans for further investment in manufacturing, performance evaluation, and ISO accreditation.
**Major Contracts**Secured a $2.5 million contract in March 2026 for clinical self-test development and regulatory support, adding to a $2 million US contract announced in November 2025.
**Regulatory Services**Revenue grew 49% to £1.9 million, driven by integrated service offerings.
**Innovation**Launched seaweed-based lateral flow housings in partnership with SymbioTex Ltd, emphasizing sustainability.
**Patents**New European patent granted for AppDx® lateral flow smartphone reader, protecting proprietary AI-driven technology.
**Management Changes**Promoted Candice Vendettuoli to Chief Delivery Officer and Natalie Thrush to Chief of Staff to support growth.
**Outlook and Guidance**
**H2 FY26**Expected to be profitable and cash flow positive, with positive adjusted EBITDA.
**FY26 Revenue Guidance**Maintained at £12.6 million (£12.2 million from contracts, £0.4 million from grants).
**FY27 Outlook**Positive, with major CDMO contracts continuing into FY27, providing a strong revenue foundation.
**OTCQB Listing**Shares to begin trading on the OTCQB Venture Market in the US under ticker "ABDXF" to enhance investor accessibility.
**Strategic Focus**
**End-to-End Services**Strengthened by acquisitions of CS Lifesciences and IVDeology, offering comprehensive CDMO, regulatory, and analytical services.
**Sustainability**Commitment to reducing plastic waste in lateral flow products through innovative biobased solutions.
**US Market**Focus on US expansion to capitalize on the growing lateral flow assay market, projected to reach $25.28 billion by 2035.
**Chairman’s Statement**
Dr Chris Hand highlighted substantial revenue growth, strategic investments, and a clear path to profitability. The company’s integrated service offering and strong pipeline position it well for continued growth, with FY27 expected to build on FY26 momentum.
**Conclusion**
Abingdon Health PLC demonstrated robust H1 FY26 performance, with significant revenue growth, strategic advancements, and a positive outlook for H2 FY26 and beyond. The company is well-positioned to capitalize on the lateral flow market’s growth, supported by its expanded US operations, innovative product offerings, and strong contract pipeline.
Here’s an HTML table comparing the financials and debt year on year for Abingdon Health PLC based on the provided text:
MetricH1 FY26 (6 months ended 31 Dec 2025)H1 FY25 (6 months ended 31 Dec 2024)Change
Revenue (Total)£4.5 million£3.1 million+45%
Reported Revenue£4.2 million£3.1 million+37%
Adjusted EBITDA Loss£1.7 million£1.9 millionImproved by £0.2 million
Loss Before Taxation£2.3 million£2.6 millionImproved by £0.3 million
Cash and Cash Equivalents£3.7 million£1.9 million+95%
Debt (Borrowings)£747,000£741,000+0.8%
Regulatory Services Revenue£1.9 million£1.3 million+49%
Contract Development Revenue£1.4 million£0.8 million+91%
Contract Manufacturing Revenue£0.5 million£0.5 million0%
### Key Observations: 1. **Revenue Growth**: Total revenue increased by 45% year-on-year, driven by strong growth in contract development and regulatory services. 2. **Adjusted EBITDA Loss**: Improved by £0.2 million, reflecting the benefit of revenue growth offsetting increased investment. 3. **Cash Position**: Cash and cash equivalents increased significantly due to a successful equity fundraise in October 2025. 4. **Debt**: Borrowings increased slightly by 0.8%, indicating minimal change in debt levels. 5. **Regulatory Services**: Revenue grew by 49%, highlighting the success of the integrated service offering. This table provides a clear comparison of key financial metrics and debt levels between H1 FY26 and H1 FY25.
Results 29 news titles 29
KCR logo
Results 09:04
KCR

Interim Results

KCR Residential Reit PLC

**Summary of KCR Residential REIT PLC Interim Results for H1 2026**
**Overview**
KCR Residential REIT PLC, a UK-based residential REIT, reported unaudited consolidated results for the six months ending 31 December 2025. The period saw continued growth in core rental income, driven by improved performance at Deanery Court and incremental rental increases across the portfolio. Despite challenging operating conditions, including higher interest rates and inflationary pressures, the company made progress in optimizing asset performance and controlling costs.
**Key Highlights**
1. **Revenue Growth**
Revenue increased by 15% to £1,092k (H1 2024: £950k), primarily due to improved performance at Deanery Court and rental increases across the portfolio.
Deanery Court achieved an average occupancy of 86% (H1 2024: 66%), while the rest of the portfolio maintained strong occupancy (>97%).
2. **Operational Performance**
Positive operating cash flow rose to £218k (H1 2024: £32k), the strongest outcome to date, reflecting the success of the business plan over the past five years.
Net cash used in operating activities reduced by 31% to £180k (H1 2024: £261k), despite higher finance costs.
3. **Cost Management**
Inflationary pressures made cost reductions challenging, but costs were tightly controlled.
Cost-saving measures implemented during the period are expected to reduce administrative expenses and cost of sales in H2 2026.
4. **Strategic Focus**
The company remains focused on optimizing existing assets, upgrading portfolio quality, exploring development opportunities, and controlling costs.
Lease expiries and tenant churn are actively managed to maximize rental income.
5. **Financial Performance**
Gross profit increased by 16% to £841k (H1 2024: £723k), with a gross margin of 77% (H1 2024: 76.10%).
Operating profit before separately disclosed items was £76k (H1 2024: £798k), with the prior year benefiting from non-cash revaluation gains.
Loss for the period was £377k (H1 2024£433k profit), primarily due to higher finance costs.
6. **Portfolio Updates**
Refurbishment works at Heathside were completed, with two flats now being let.
The transition of Coleherne Road to a minimum six-month tenancy period was successfully completed, expected to stabilize income and reduce operating costs.
Planning submissions for Ladbroke Grove properties are pending, with a strategy to be formalized upon outcome.
7. **Cash Position**
Cash balances at period-end were £0.43m (H1 2024: £0.47m), with ongoing efforts to achieve a cash-neutral position.
**Challenges and Outlook**
Higher finance costs and inflationary pressures continue to challenge the company’s cash neutrality goal.
Tightness in debt markets and higher debt costs limit acquisition opportunities.
The company expects further improvements in operational performance and cost control over the next 12 months.
**Conclusion**
KCR Residential REIT PLC demonstrated resilience in H1 2026, achieving revenue growth and operational improvements despite a challenging environment. The company remains committed to its strategic objectives, focusing on asset optimization and cost management to drive long-term value for shareholders.
Here’s an HTML table comparing the financials and debt year on year for KCR Residential REIT PLC based on the provided text:
MetricSix Months Ended 31 December 2025Six Months Ended 31 December 2024Year Ended 30 June 2025 (Audited)
Revenue£1,092,414£950,103£1,885,144
Gross Profit£841,184£722,850£1,466,098
Operating Profit Before Separately Disclosed Items£75,618£797,519£1,266,836
Operating Profit£12,024£713,529£990,013
(Loss)/Profit Before Taxation(£377,278)£432,596£327,641
(Loss)/Profit for the Period(£377,278)£432,596£327,641
Basic (Loss)/Profit per Share (pence)(0.91)1.040.79
Total Assets£27,500,041£27,136,724£27,310,839
Secured Bank Borrowings£14,561,215£13,904,324£14,135,965
Cash and Cash Equivalents£427,498£472,652£174,312
Net Asset Value per Share (pence)29.4530.6130.36
Net Cash Used in Operating Activities(£179,751)(£261,192)(£800,119)
### Key Observations: 1. **Revenue Growth**: Revenue increased by 15% year-on-year to £1,092,414 in the six months ended 31 December 2025, driven by improved performance at Deanery Court and rental increases across the portfolio. 2. **Profitability**: The company reported a loss of £377,278 in the six months ended 31 December 2025, compared to a profit of £432,596 in the same period in 2024, primarily due to higher finance costs and inflationary pressures. 3. **Debt Levels**: Secured bank borrowings increased to £14,561,215 in the six months ended 31 December 2025 from £13,904,324 in the same period in 2024. 4. **Cash Position**: Cash and cash equivalents decreased slightly to £427,498 in the six months ended 31 December 2025 from £472,652 in the same period in 2024. 5. **Net Asset Value**: Net asset value per share decreased to 29.45 pence in the six months ended 31 December 2025 from 30.61 pence in the same period in 2024. This table provides a clear comparison of key financial metrics and debt levels year on year.
SAG logo
Results 06:02
SAG

Audited Results for Year Ended 31 December 2025

Science Group plc

**Summary of Science Group PLCs Audited Results for the Year Ended 31 December 2025**
Science Group PLC, an international services and systems company, reported strong financial performance for the year ended 31 December 2025, despite volatile market conditions. Key highlights include
1. **Financial Performance**
**Revenue**£111.7 million, slightly up from £110.7 million in 2024.
**Adjusted Operating Profit**Record £23.1 million (2024: £21.5 million).
**Adjusted Basic Earnings Per Share (EPS)**: Record 40.2 pence (2024: 36.2 pence).
**Statutory Profit Before Tax**Record £41.5 million (2024: £14.7 million), boosted by a £24.1 million pre-tax gain from corporate investment.
**Statutory Basic EPS**Record 75.1 pence (2024: 26.5 pence).
2. **Corporate Activity**
A pre-tax gain of £24.1 million from the successful investment in Ricardo plc, realized through a third-party acquisition offer.
3. **Balance Sheet and Cash Flow**
**Cash**Increased to £72.6 million (2024: £38.6 million).
**Net Funds**£61.2 million (2024: £26.8 million).
**Cash Generated from Operations**£31.8 million (2024: £21.8 million).
4. **Shareholder Returns**
**Dividend**Recommended 25% increase to 10.0 pence per share (2024: 8.0 pence).
**Share Buy-Back**Increased to £10.7 million (2024: £5.0 million), with plans to continue at a similar level in 2026.
5. **Operational Highlights**
**Sagentia Services Division**Revenue of £71.5 million (2024: £72.2 million), with adjusted operating profit of £18.8 million (2024: £17.9 million) and margin improvement to 26.3%.
**Systems Businesses**Revenue of £39.6 million (2024: £37.8 million) and adjusted operating profit of £6.6 million (2024: £5.8 million).
**CMS2**Revenue of £26.4 million (2024: £25.9 million) with adjusted operating profit of £5.5 million (2024: £5.7 million).
**Frontier**Revenue of £13.2 million (2024: £12.0 million) with adjusted operating profit of £1.1 million (2024: £0.1 million).
6. **Strategic Focus**
Continued emphasis on marginprofitabilityand cash conversion.
Integration of AI tools to enhance service propositions, particularly in Physical-AI and advisory services.
7. **Outlook**
Pragmatic and conservative outlook due to geopolitical uncertainties, with a focus on resilience and value creation.
Strong balance sheet and cash resources position the Group for growth and shareholder returns.
Science Group PLC demonstrated resilience and strategic agility in 2025, achieving record financial results while navigating challenging market conditions. The Group remains well-positioned for future growth and continued shareholder value creation.
Here’s an HTML table comparing the key financials and debt year-on-year for Science Group PLC based on the provided text:
Metric2024 (£ million)2025 (£ million)Change
Revenue110.7111.7+0.9% (₤1.0 million)
Adjusted Operating Profit21.523.1+7.4% (₤1.6 million)
Profit Before Tax14.741.5+182.3% (₤26.8 million)
Cash Generated from Operations21.831.8+45.9% (₤10.0 million)
Cash Balance38.672.6+88.1% (₤34.0 million)
Net Funds26.861.2+128.4% (₤34.4 million)
Borrowings (Term Loans)11.811.4-3.4% (₤0.4 million)
Revolving Credit Facility (Undrawn)00No Change
Dividend per Share (pence)8.010.0+25.0% (+2.0 pence)
Share Buy-Back (£ million)5.010.7+114.0% (₤5.7 million)
### Key Highlights: 1. **Revenue**: Marginal increase of 0.9% from £110.7 million in 2024 to £111.7 million in 2025. 2. **Adjusted Operating Profit**: Increased by 7.4% from £21.5 million to £23.1 million. 3. **Profit Before Tax**: Significant increase of 182.3% from £14.7 million to £41.5 million, primarily due to a £24.1 million gain from corporate investment. 4. **Cash and Net Funds**: Substantial increases in cash balance (+88.1%) and net funds (+128.4%), driven by strong operating cash flow and the corporate investment gain. 5. **Debt**: Term loans decreased slightly by 3.4%, while the Revolving Credit Facility remained undrawn. 6. **Shareholder Returns**: Dividend per share increased by 25% to 10.0 pence, and the share buy-back program more than doubled to £10.7 million. This table provides a clear comparison of the key financial metrics and debt position year-on-year.
PHP logo
Results 06:01
PHP

Preliminary Results

Primary Health Properties

**Summary**
Primary Health Properties PLC (PHP) announced its preliminary results for the year ended December 31, 2025, highlighting a transformative year marked by the successful combination with Assura plc, creating a £6 billion healthcare REIT focused on critical social infrastructure assets across the UK and Ireland. The merger received overwhelming shareholder support and is expected to deliver financial and strategic benefits, including £9 million in annualized synergies. PHP achieved over 80% of these synergies ahead of schedule and received offers for a new strategic joint venture on its private hospital portfolio. The company also agreed to inject a £103 million portfolio into an existing joint venture to reduce leverage.
Financial highlights include a 49% increase in net rental income to £230 million, a 41% rise in adjusted earnings to £131 million, and a 3% dividend increase to 7.1 pence per share. The property portfolio valuation grew by 115% to £6.0 billion, with a net initial yield of 5.4%. PHP maintained its 30-year track record of dividend growth, with a 3% increase in the dividend per share.
The company’s strategic focus includes reducing leverage, integrating Assura, and leveraging the NHSs 10-year Health Plan, which emphasizes modern primary care facilities. PHP is well-positioned to support this transition, given its long-standing NHS partnerships. The rental growth outlook remains positive, with a 3.2% increase in 2025 and a 3.4% annualized growth rate in early 2026.
PHP’s balance sheet remains robust, with significant liquidity headroom and a clear plan to reduce its loan-to-value ratio to the targeted 40-50% range. The company is committed to its progressive dividend policy, fully covered by adjusted earnings, and aims to maintain its position as a leading investor in healthcare infrastructure.
Here is the HTML table code comparing the financials and debt year on year:
Metric20252024Change
Net rental income (£m)£230£154+49%
Adjusted earnings (£m)£131£93+41%
Adjusted earnings per share (pence)7.37.0+4%
IFRS profit after tax (£m)£119£41+190%
IFRS earnings per share (pence)6.63.1+113%
Dividend per share (pence)7.16.9+3%
Investment portfolio valuation (£bn)£6.0£2.8+115%
Contracted rent roll (£m)£342£154+122%
Loan to value ratio57%48%+9%
Average cost of debt3.7%3.4%+30 bps
Weighted average debt maturity (years)4.15.7-1.6
This table compares key financials and debt metrics for Primary Health Properties PLC between 2024 and 2025, showing significant growth in net rental income, adjusted earnings, and portfolio valuation, as well as changes in debt metrics.
ZTF logo
Results 06:01
ZTF

Preliminary Results

Zotefoams PLC

**Summary of Zotefoams PLC Preliminary Results for the Year Ended 31 December 2025**
Zotefoams PLC, a global leader in high-performance foams, reported strong preliminary results for FY2025, marked by record profitability and continued growth. Key financial highlights include
**Revenue Growth**Revenue increased by 7.2% to £158.5 million, driven by strong performance across key markets, particularly in Consumer & Lifestyle and Transport & Smart Technologies.
**Profitability**Adjusted operating profit rose by 26% to £22.8 million, with adjusted profit before tax up 39% to £21.2 million. Adjusted Basic EPS increased by 46% to 38.0p.
**Cash Generation**Cash generated from operations increased by 31% to £39.7 million, supporting strategic investments and a strong balance sheet.
**Dividend**A 5% increase in the final dividend to 5.35p per share was proposed, reflecting confidence in future prospects.
Strategically, Zotefoams made significant progress in its **Expanding Beyond the Core** strategy, including
**Acquisition of OKC**Completed the acquisition of Overseas Konstellation Company S.A. (OKC), enhancing European market presence and product capabilities.
**Geographic Expansion**Advanced construction of a new manufacturing facility in Vietnam and established an Innovation Centre in Korea.
**Innovation Focus**Sharpened innovation efforts, aligning R&D with market verticals and customer needs.
Operationally, the company focused on execution, efficiency, and margin improvement, with a balanced growth approach across markets. The integration of OKC is progressing well, contributing to revenue growth and strategic optionality.
Looking ahead, Zotefoams aims to achieve **organic growth of 7% CAGR** by FY2029, targeting revenue of over £230 million and operating profit of over £40 million. Longer-term ambitions include revenues exceeding £300 million and operating profit over £60 million, supported by both organic and inorganic growth strategies.
Despite macroeconomic and geopolitical uncertainties, Zotefoams remains confident in its ability to navigate challenges, supported by a clear strategy, strengthened leadership, and a robust financial position. The company is well-positioned to deliver sustainable growth and long-term value for stakeholders.
Here is the HTML table code comparing the financials and debt year on year for Zotefoams PLC:
Metric2025 (£m)2024 (£m)Change
Revenue158.5147.87.2%
Gross Profit52.946.114.8%
Adjusted Operating Profit22.818.126.0%
Adjusted Operating Margin14.4%12.2%220bps
Adjusted Profit before Tax21.215.339%
Cash generated from operations39.730.431%
Net debt (Covenant Basis)31.524.131%
Net debt (IFRS)43.033.030%
Leverage ratio0.80.9(11%)
**Key Observations:** * **Revenue and Profit Growth:** Zotefoams PLC experienced significant growth in revenue (7.2%) and adjusted profit before tax (39%) in 2025 compared to 2024. * **Improved Cash Flow:** Cash generated from operations increased by 31%, indicating stronger liquidity. * **Increased Debt:** Net debt increased on both covenant and IFRS bases, likely due to financing acquisitions and investments. * **Improved Leverage:** Despite higher debt, the leverage ratio improved, suggesting better debt management.
TPK logo
Results 06:01
TPK

Travis Perkins plc - 2025 Results Announcement

Travis Perkins PLC

Travis Perkins PLC, the UKs largest distributor of building materials, announced its preliminary results for the year 2025, highlighting a focus on stabilization and financial resilience amidst a challenging market backdrop. Here’s a summary of the key points
### **Financial Performance**
**Revenue**£4,565 million, down 0.9% from 2024, primarily due to subdued activity in the Merchanting segment.
**Adjusted Operating Profit**£133 million, a 12.5% decline from 2024, reflecting lower margins in Merchanting.
**Operating Loss**£97 million, compared to a £2 million profit in 2024, due to adjusting items of £222 million related to impairments, divestments, and restructuring.
**Net Cash Before Leases**£1 million, driven by working capital inflows, divestment proceeds, and disciplined capital expenditure.
### **Business Highlights**
**Merchanting**Like-for-like revenue growth of 0.3%, with improvements in H2 offsetting operational challenges in H1. Adjusted operating profit declined by 18.1% to £122 million.
**Toolstation UK**Strong performance with adjusted operating profit up 29% to £44 million, driven by store maturity and digital enhancements.
**Toolstation Benelux**Continued losses of £11 million, with management reviewing strategy and implementing cost-saving measures.
### **Strategic Initiatives**
**Restructuring**Proactive management of overheads, including significant restructuring of central and regional roles.
**Divestments**Sold Staircraft for £21 million as part of simplifying the operating model.
**Leadership**Gavin Slark appointed as CEO in January 2026, bringing extensive industry experience.
### **Balance Sheet and Liquidity**
**Net Debt Reduction**Net debt before leases reduced by £192 million, achieving a net cash position for the first time in nearly 30 years.
**Liquidity**Over £800 million in liquidity headroom through cash holdings (£427 million) and undrawn facilities (£390 million).
**Refinancing**£250 million bond refinanced with investment-grade US private placement notes, with no significant refinancing needs until 2028.
### **Dividend**
**Final Dividend**7.5 pence per share recommended, giving a full-year dividend of 12.0 pence per share, in line with the 30-40% adjusted earnings payout policy.
### **Outlook**
**Market Conditions**Trading environment remains subdued, reflecting weak UK construction activity.
**Focus Areas**Improving customer proposition, leveraging financial strength, and delivering operational efficiencies.
**Technical Guidance**Expected ETR of 30% on UK profits, base capex of £80 million, and property profits of £5 million for 2026.
### **CEO Commentary**
Gavin Slark emphasized the Group’s focus on rebuilding capabilities, enhancing performance, and restoring shareholder value. He highlighted the strength of the balance sheet and the commitment to disciplined capital allocation in navigating challenging market conditions.
### **Principal Risks and Uncertainties**
The Group updated its risk framework to include standalone risks for **People & Skills** and **Business Operating Model & Driving Competitive Advantage**, reflecting the evolving business environment.
### **Conclusion**
Travis Perkins PLC’s 2025 results reflect a year of stabilization and financial resilience, with a focus on operational improvements and strategic restructuring. Despite challenges in the construction sector, the Group is positioned to leverage its strong balance sheet and leadership changes to drive future growth and shareholder value.
Here is the comparison of financials and debt year on year for Travis Perkins PLC, presented as an HTML table:
Metric20252024Change
Revenue (£m)4,5654,607(0.9%)
Adjusted Operating Profit (£m)133152(12.5%)
Adjusted Earnings per Share (pence)30.836.6(15.8%)
Return on Capital Employed (%)5.35.4(0.1)ppt
Net Debt / Adjusted EBITDA (x)2.12.50.4x
Ordinary Dividend per Share (pence)12.014.5(17.2%)
Operating (Loss) / Profit (£m)(97)2N/A
Loss After Tax (£m)(176)(77)(128.6%)
Basic Earnings per Share (pence)(83.3)(36.6)(127.6%)
Net Debt (£m)621845(224)
Net Debt Before Leases (£m)(1)191(192)
**Key Observations:** 1. **Revenue Decline**: Revenue decreased by 0.9% from £4,607m in 2024 to £4,565m in 2025, primarily due to subdued activity in the Merchanting segment. 2. **Adjusted Operating Profit Reduction**: Adjusted operating profit fell by 12.5% from £152m to £133m, reflecting lower margins in Merchanting and increased cost pressures. 3. **Earnings per Share Decrease**: Adjusted earnings per share dropped by 15.8% from 36.6p to 30.8p, while basic earnings per share saw a significant decline due to the operating loss. 4. **Debt Reduction**: Net debt decreased by £224m from £845m to £621m, with net debt before leases turning negative, indicating a stronger balance sheet. 5. **Dividend Cut**: The ordinary dividend per share was reduced by 17.2% from 14.5p to 12.0p, reflecting the challenging financial performance. 6. **Operating Loss**: The company reported an operating loss of £97m in 2025 compared to a profit of £2m in 2024, driven by adjusting items and trading performance. This table provides a concise comparison of key financial and debt metrics for Travis Perkins PLC between 2024 and 2025.
MAB1 logo
Results 06:01
MAB1

Final Results

Mortgage Advice

**Summary of Mortgage Advice Bureau (Holdings) PLC Final Results for the Year Ended 31 December 2025**
**Financial Performance Highlights**
**Revenue Growth** Revenue increased by 19.6% to £318.8 million in 2025, up from £266.5 million in 2024, driven by strong performance across all income streams.
**Adjusted Diluted EPS** Adjusted diluted earnings per share (EPS) rose by 13.5% to 44.5p, compared to 39.2p in 2024.
**Market Share Stability** Market share of new mortgage lending remained stable at 8.4%, while the market share of Product Transfers increased to 3.0% from 2.7% in 2024.
**Adviser Network Growth** The number of mainstream advisers increased by 10% to 2,135, with 65% of this growth coming from organic expansion within the existing network.
**Revenue per Adviser** Revenue per mainstream adviser grew by 13% to £157,000, reflecting improved productivity and efficiency.
**Net Debt Reduction** Net debt decreased to £3.3 million from £9.7 million in 2024, with leverage reducing to 0.1x from 0.3x.
**Operational and Strategic Achievements**
**Technology and AI Integration** The company is leveraging data, digital tools, and AI to deepen relationships with introducers, lenders, and consumers, enhancing lead flow and customer retention.
**Proprietary Platform** The proprietary platform connects customer data, adviser workflows, and automation, reducing administrative burdens and allowing advisers to focus on customer service.
**Strategic Partnerships and M&A** MAB is building new strategic partnerships and pursuing selective M&A to expand its role in the home-moving process and broaden its proposition.
**Sustainability Progress** The company made strides in sustainability, including the installation of a solar PV system and the development of a decarbonisation strategy aligned with the Science Based Targets initiative (SBTi).
**Market Trends and Outlook**
**Mortgage Lending Stability** UK mortgage lending increased by 19% to £548 billion in 2025, with refinancing lending accelerating in the second half due to maturing fixed-rate mortgages.
**Purchase Lending Growth** Purchase lending grew by 21% to £189 billion, supported by strong lender appetite and a resilient underlying demand.
**Refinancing Opportunities** The company expects refinancing volumes to continue building in 2026, supported by higher fixed-rate maturities and a shift in product preferences.
**Protection Market Focus** MAB is increasing its focus on protection advice, aiming to address the UKs protection gap and provide recurring revenue streams.
**Leadership and Governance**
**Main Market Listing** The Board intends to move to the ESCC listing category of the Main Market of the London Stock Exchange in Q2 2026, subject to FCA approval.
**Dividend Policy** The company maintained its dividend policy, proposing a final dividend of 15.3p per share, a 3.4% increase from the previous year.
**Conclusion**
Mortgage Advice Bureau (Holdings) PLC delivered a strong performance in 2025, with significant growth in revenue, EPS, and adviser productivity. The company continues to enhance its technology-driven platform, expand its market reach, and pursue strategic initiatives to drive sustainable growth. Despite macroeconomic uncertainties, MAB remains well-positioned to capitalize on refinancing opportunities and protection market potential, supported by its integrated platform and data-driven approach.
Here is the HTML table code comparing the financials and debt year on year for Mortgage Advice Bureau (Holdings) PLC:
Metric20252024Change
Revenue£318.8m£266.5m+19.6%
Gross Profit£91.9m£77.0m+19.5%
Admin Expenses£56.2m£45.6m+23.3%
Adjusted PBT£36.3m£32.0m+13.3%
Statutory PBT£22.1m£22.9m-3.4%
Adjusted Diluted EPS44.5p39.2p+13.5%
Net Debt(£3.3m)(£9.7m)+£6.4m
Leverage0.1x0.3x-0.2x
**Key Observations:** - Revenue increased by 19.6% from £266.5m in 2024 to £318.8m in 2025. - Gross profit increased by 19.5% from £77.0m in 2024 to £91.9m in 2025. - Admin expenses increased by 23.3% from £45.6m in 2024 to £56.2m in 2025. - Adjusted PBT increased by 13.3% from £32.0m in 2024 to £36.3m in 2025. - Statutory PBT decreased by 3.4% from £22.9m in 2024 to £22.1m in 2025. - Adjusted diluted EPS increased by 13.5% from 39.2p in 2024 to 44.5p in 2025. - Net debt decreased by £6.4m from -£9.7m in 2024 to -£3.3m in 2025. - Leverage decreased from 0.3x in 2024 to 0.1x in 2025. This table provides a concise comparison of key financial metrics and debt levels for Mortgage Advice Bureau (Holdings) PLC between 2024 and 2025.
FNTL logo
Results 06:01
FNTL

Full Year Results

Fintel PLC

**Summary of Fintel PLCs Full Year Results for 2025**
Fintel PLC, a leading provider of fintech and support services to the UK retail financial services sector, reported strong financial performance and strategic progress for the year ended 31 December 2025. Key highlights include
### **Financial Performance**
**Revenue Growth**Revenue increased by 10% to £85.9 million (FY24: £78.3 million), supported by £7.0 million in inorganic growth from acquisitions.
**SaaS & Subscription Revenue**Grew by 9.6% to £48.7 million, representing 57% of total revenues, highlighting the strength of recurring revenue streams.
**Adjusted EBITDA**Increased by 16.6% to £25.9 million, driven by successful acquisitions and new proposition launches.
**EBITDA Margin**Improved to 30.1% (FY24: 28.3%), with acquired businesses contributing more as integration progressed.
**Adjusted EPS**Rose to 13.7 pence per share (FY24: 13.2 pence per share).
**Net Debt**Increased to £31.1 million (FY24: £25.3 million) due to strategic investments, with a comfortable leverage ratio of 1.2x.
**Dividend**Proposed final dividend of 2.5 pence per share, resulting in a full-year dividend of 3.8 pence per share, a 4.1% increase.
### **Strategic and Operational Highlights**
**Organisational Transformation**Consolidated from three divisions into two (Fintel Services and Fintel Software & Data) with new leadership appointments.
**Operational Leverage**Integrated acquired businesses into unified product lines, enhanced scalability, and improved cross-selling opportunities through a single CRM view.
**Technology and Platform Investment**Accelerated development of digital and AI-enabled compliance tools, scaled the Matrix360 market intelligence platform, and launched the Omnicore whole-of-market distribution platform.
**Data Advantage**Strengthened through acquisitions like Rayner Spencer Mills Research (RSMR) and increased stake in Plannr Technologies, enhancing proprietary data capabilities.
**Acquisitions**Completed the acquisition of RSMR for £6.4 million and Pearson Ham Groups market pricing data business in January 2026 for £11.0 million.
### **Current Trading and Outlook**
**Strong Start to FY26**Trading in line with Board expectations, supported by high recurring revenues and a simplified operating structure.
**Growth Drivers**Increasing demand for technology, data, and regulatory support in the UK retail financial services sector
further integration of technology and services
strengthened balance sheet for organic growth and acquisitions.
**Acquisition Impact**Pearson Ham Groups acquisition enhances pricing intelligence and is expected to be earnings accretive in its first full year.
### **Leadership and Governance**
**CEO Transition**Matt Timmins assumed sole responsibility as CEO, with Neil Stevens stepping down in June 2025.
**Board Strengthening**Appointed Ian Pickford as Independent Non-Executive Director and Chair of Remuneration and Nomination Committees.
### **Conclusion**
Fintel PLC demonstrated resilience and strategic focus in 2025, achieving strong financial results and advancing its position as a key player in the UK retail financial services sector. With a simplified structure, robust recurring revenues, and a clear strategic direction, the company is well-positioned for continued growth and value creation in 2026.
Here is the HTML table code comparing Fintel's financials and debt year on year:
Metric20242025Change
Revenue£78.3m£85.9m+10%
SaaS & Subscription Revenue£44.4m£48.7m+9.6%
Adjusted EBITDA£22.2m£25.9m+16.6%
EBITDA Margin28.3%30.1%+180 bps
Net Debt£25.3m£31.1m+22.9%
Cash Balance£6.3m£17.3m+175%
Dividend per Share3.65p3.80p+4.1%
**Key Observations:** * **Revenue Growth:** Fintel's revenue increased by 10% from £78.3m in 2024 to £85.9m in 2025, driven by inorganic growth and strong performance in SaaS & Subscription revenue. * **EBITDA Improvement:** Adjusted EBITDA grew by 16.6% to £25.9m, with EBITDA margin expanding by 180 basis points to 30.1%, indicating improved operational efficiency. * **Debt Increase:** Net debt increased by 22.9% to £31.1m, primarily due to strategic acquisitions and investments. * **Cash Position Strengthened:** Cash balance significantly increased from £6.3m to £17.3m, providing more financial flexibility. * **Dividend Growth:** Dividend per share increased by 4.1% to 3.80p, reflecting the company's strong performance and commitment to shareholder returns.
BOKU logo
Results 06:01
BOKU

2025 Full Year Results

Boku Inc

**Summary of BokuInc. 2025 Full Year Results**
Boku, Inc. reported strong financial and operational performance for the year ended December 31, 2025, driven by diversification, scale, and financial strength. Key highlights include
### **Financial Highlights**
**Revenue Growth**Total revenue increased by 30% to $128.8 million, driven by strong growth in Digital Wallets & Account-to-Account (A2A) (+67% to $43.5 million) and Bundling (+71% to $14.9 million). Direct Carrier Billing (DCB) grew by 9% to $70.4 million.
**Adjusted EBITDA**Increased by 36% to $41.3 million, with a margin of 32.1%, up from 30.5% in 2024.
**Operating Profit**Surged by 205% to $18.9 million, reflecting efficient scaling.
**Cash Position**Group cash grew by 39% to $245.6 million, with own cash increasing by 28% to $102.9 million. The company remains debt-free.
### **Operational Highlights**
**Monthly Active Users (MAU)**Increased by 31% to 114.4 million in December 2025.
**Total Payment Volume (TPV)**Grew by 27% to $15.7 billion.
**Payment Connections**Delivered 132 new payment connections, enabling broader consumer access.
**Bundling Product**Helped merchants acquire millions of new subscribers, contributing significantly to revenue growth.
### **Strategic Progress**
**Diversification**Non-DCB products now account for 45% of total revenue, up from 35% in 2024.
**Regulatory Expansion**Secured Payment Institution authorization in Brazil, cross-border product approval in India, and Payment Initiation Service Provider authorization in the UK.
**Innovation**Launched an Innovation Hub in Singapore to develop new payment capabilities, including payouts and stablecoin.
**Operational Efficiency**Invested in automation and AI to improve scalability and reduce friction in the payment journey.
### **Outlook**
**Medium-Term Guidance**Unchanged, with expected organic revenue growth exceeding 20% CAGR and adjusted EBITDA margin <mark style="background-color:yellow">above</mark> 30%.
**Strategic Focus**Deepening merchant partnerships, diversifying revenues, driving scalability, and building a future-ready platform with AI integration.
### **Leadership and Governance**
**Board Changes**Jon Prideaux stepped down as a Non-Executive Director. Richard Pennycook assumed the role of Chair, emphasizing governance, resilience, and operational discipline.
**People and Culture**Focus on talent development, diversity, and succession planning to support growth.
### **CEO Commentary**
Stuart Neal, CEO, highlighted Bokus position at the center of the shift towards Local Payment Methods (LPMs), emphasizing the companys role as a growth partner for global merchants. He underscored the companys momentum, clear strategy, and strong financial position for long-term growth.
### **Conclusion**
Bokus 2025 results demonstrate robust growth, strategic diversification, and operational excellence, positioning the company well for continued expansion in the evolving global payments landscape.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Movement
Total Group Revenue ($'m)99.3128.8+30%
Adjusted EBITDA ($'m)30.341.3+36%
Adjusted EBITDA margin (%)30.5%32.1%+1.6pp
Operating Profit ($'m)6.218.9+205%
Group Cash ($'m)177.3245.6+39%
Own Cash ($'m)80.2102.9+28%
Monthly Active Users (m)87.1114.4+31%
Total Payment Volume ($bn)12.415.7+27%
Blended Take Rate (bps)8082+2bps

Debt: The company remains debt-free in both years.

This table compares key financial metrics and debt status for Boku, Inc. between 2024 and 2025, showing significant growth in revenue, profitability, cash position, and operational metrics, while maintaining a debt-free status.
HWG logo
Results 06:01
HWG

Full Year Results for year ended 31 Dec 2025

Harworth Group PLC

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LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT 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LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT 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LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT
Here is the comparison of financials and debt year on year for Harworth Group PLC, presented as an HTML table:
Metric20252024% Change
Total Accounting Return (%)1.79.1-7.4pp
Value gains (£m)44.597.2-54.2%
EPRA NDV per share (p)224.4222.3+0.9%
Total Property Return (%)8.412.0-3.6pp
EPRA NDV (£m)727.3719.5+1.1%
Total property sales (£m)115.0215.8-46.7%
Net loan to portfolio value (%)15.65.4+10.2pp
Net debt (£m)145.946.7+212.0%
Operating profit (£m)21.674.6-71.0%
Total dividend per share (p)1.7751.614+10.0%
**Key Observations:** 1. **Total Accounting Return**: Decreased significantly from 9.1% in 2024 to 1.7% in 2025, indicating lower overall returns. 2. **Value Gains**: Dropped by 54.2%, from £97.2m in 2024 to £44.5m in 2025, reflecting reduced gains from property sales and revaluations. 3. **EPRA NDV per share**: Increased slightly by 0.9%, from 222.3p to 224.4p, showing modest growth in net asset value. 4. **Total Property Return**: Declined from 12.0% to 8.4%, indicating lower returns from the property portfolio. 5. **Net Debt**: Increased significantly by 212.0%, from £46.7m to £145.9m, reflecting higher borrowing levels. 6. **Net loan to portfolio value**: Rose from 5.4% to 15.6%, indicating higher leverage relative to portfolio value. 7. **Operating Profit**: Decreased sharply by 71.0%, from £74.6m to £21.6m, due to lower revenues and higher costs. 8. **Total Dividend per share**: Increased by 10.0%, from 1.614p to 1.775p, despite lower profits, maintaining shareholder returns. This table highlights the year-on-year changes in key financial metrics and debt levels for Harworth Group PLC.
IPO logo
Results 06:01
IPO

IP Group plc 2025 Annual Results Release

IP Group

**Summary of IP Group PLC 2025 Annual Results:**
IP Group PLC, a UK-based science and technology investor, reported its 2025 annual results, highlighting significant growth and strategic achievements. Key points include
1. **Financial Performance**
**Net Asset Value (NAV) per share** increased by 13% to 110.4p, with a closing NAV of £975.1 million.
**Profit for the year** was £66.9 million, a significant improvement from a loss of £207.0 million in 2024.
**Total portfolio value** rose to £908.1 million, up from £852.1 million in 2024.
2. **Portfolio Highlights**
**Pfizers acquisition of Metsera** contributed £128.2 million in discounted future royalty and milestone income, significantly boosting NAV.
**Hinge Health** successfully IPOed on the NYSE, generating £18.4 million in proceeds in 2025 and an additional £16.8 million in early 2026, representing a 53x return on investment.
**Monolith AI** was acquired by CoreWeave, Inc., with initial proceeds of £3.4 million and further deferred proceeds expected in 2026.
**Portfolio companies raised £914 million** in total capital, a 17% increase from 2024, with notable fundraisings by Artios, Oxa, and Lumai.
3. **Strategic Initiatives**
**Focus on funds under management** Raised £29.0 million in third-party funds, with total third-party AUM at £557 million.
**Launched Northern Universities Venture Fund** in collaboration with Parkwalk and Northern Gritstone.
**Partnership with Aberdeen** to manage a portfolio of early-stage and growth investments in the UK.
4. **Shareholder Returns**
Completed a **£75 million share buyback program**, retiring 9% of the share capital.
Accumulated an additional **£30 million for future shareholder returns**.
5. **Outlook**
Targeting **over £250 million in exits** between 2025 and 2027.
Strong pipeline of milestones in life sciences, AI-enabling technologies, and other sectors.
Continued focus on increasing funds under management and supporting breakthrough science and technology companies.
**CEO Greg Smith** emphasized the companys unique model, combining deep partnerships with research institutions and access to long-term capital, positioning IP Group to support innovation and deliver long-term value for shareholders. The company remains committed to addressing societal challenges through its investments.
Here is an HTML table comparing the financials and debt year on year for IP Group PLC based on the provided text: td>-26.1%
MetricFY 2025FY 2024Change
Net Asset Value (NAV)£975.1m£952.5m+2.4%
NAV per share110.4p97.7p+13%
Profit/(loss) for the year£66.9m(£207.0m)N/A
Total portfolio£908.1m£852.1m+6.6%
Gross cash and deposits£211.0m£285.6m
Cash proceeds£68.1m£183.4m-62.9%
Portfolio investment£70.5m£63.0m+11.9%
Borrowings (current)£119.7m£6.3m+1,796.8%
Borrowings (non-current)£0.0m£122.8m-100%
**Notes:** * The change in borrowings is due to a technical breach of financial covenants, resulting in reclassification of borrowings from non-current to current liabilities. * The decrease in gross cash and deposits is primarily due to outflows from investing activities, share buybacks, and debt repayment. * The significant decrease in cash proceeds is likely due to a strong year of realizations in FY 2024, including the sale of Featurespace to Visa. This table provides a concise comparison of key financials and debt metrics for IP Group PLC, highlighting areas of growth, decline, and notable changes.
STVG logo
Results 06:01
STVG

STV Group Full Year Results to 31 December 2025

STV Group plc

**Summary of STV Group Full Year Results to 31 December 2025**
**Financial Performance**
**Revenue** £176.9 million, down 6% year-on-year, primarily due to a 10% decline in Total Advertising Revenue (TAR) to £89.3 million, driven by national linear advertising. Studios revenue remained resilient at £83.0 million, down 1%.
**Adjusted Operating Profit** £11.6 million, down 44%, with both divisions reporting a 35% decline. Adjusted operating margin fell to 6.6% from 11.0% in 2024.
**Statutory Operating Profit** £3.8 million, down 71% from 2024.
**Net Debt:** £45.3 millionat the lower end of guidancecompared to £38.7 million in 2024.
**Cost Savings** Management actions are expected to deliver annualised cost savings of £8 million by the end of FY26, with £4.1 million already achieved in FY24/FY25.
**Operational Highlights**
**STV Player** Achieved record consumption, up 9% to 75 million hours, with registered Daily Active Users up 10%.
**Audio Business** Successful launch of STV Radio, attracting new advertisers and audiences.
**Advertising Innovation** Strengthened advertising proposition with pause ads and STV ADapt, with new products planned for 2026.
**Studios** Delivered 37 new commissions and recommissions in 2025, including notable projects like *Blue Lights* (Series 3) and *The Witness* for Netflix. Forward production orderbook stands at £33 million.
**Strategic Progress**
**Audience Division** Maximising reach and engagement across broadcast, streaming, and audio platforms. STV and STV Player combined reach 75% of Scots monthly, outperforming competitors like Netflix and Amazon Prime in Scotland.
**Studios** Focus on high-quality, returnable IP with strong international appeal, supported by an expanded customer mix and disciplined portfolio management.
**Cost Discipline** Tight cost management remains a priority, with restructuring and cost-saving measures implemented to improve financial performance in 2026.
**Market Outlook**
**Advertising** Q1 2026 TAR is expected to decline by 5%, with national linear down 7% and regional linear down 11%. VOD revenue is expected to grow by 3%.
**Events** The FIFA Mens World Cup is expected to boost advertising revenue in Q2 2026.
**Studios** Forward orderbook of £33 million at the end of December 2025, with no cancellations notified.
**Dividend**
No final dividend proposed for 2025 to preserve financial flexibility and liquidity, given continued pressure on operating margins and the current debt profile.
**Management Commentary**
**Rufus Radcliffe, Chief Executive** Highlighted the challenging market conditions in 2025 but emphasized the groups operational discipline and strategic progress. He expressed optimism for 2026, citing major events, new advertiser products, and significant content deliveries for global streamers.
**Conclusion**
STV Groups 2025 results reflect a challenging year, with revenue and profit declines driven by macroeconomic pressures and a weak advertising market. However, the group has made strategic progress, particularly in its Audience division and Studios, and is focused on cost discipline and innovation to improve performance in 2026. The absence of a dividend reflects a cautious approach to financial management in a volatile market.
Here is the HTML table code comparing the financials and debt year on year for STV Group PLC:
Financial Metric2025 (£m)2024 (£m)Change
Revenue176.9188.0-6%
Adjusted Operating Profit11.620.6-44%
Operating Profit3.813.2-71%
(Loss)/Profit for the Year(4.0)13.1-130%
Cash Generated by Operations15.517.7-12%
Net Debt45.338.7+17%

Debt Comparison

Debt Metric2025 (£m)2024 (£m)Change
Net Debt45.338.7+6.6
Leverage (x)2.51.5+67%
Interest Cover (x)6.18.5-28%

Note: Net debt includes amounts drawn under non-recourse production financing facilities of £2.3m (2024: £9.9m)

**Key Observations:** * Revenue decreased by 6% year-on-year, primarily driven by a 10% decline in Total Advertising Revenue (TAR). * Adjusted operating profit declined by 44%, mainly due to lower TAR, reduced new format sales in Studios, and inflationary pressures. * Net debt increased by £6.6m, partly due to the loss for the year of £4m (2024: profit of £13.1m). * Leverage increased to 2.5x, while interest cover decreased to 6.1x, both still within covenant limits. This HTML code creates two tables comparing the financials and debt metrics year-on-year, highlighting the changes and trends in STV Group PLC's financial performance.
PEBB logo
Results 06:01
PEBB

AUDITED FULL YEAR RESULTS 2025

The Pebble Group PLC

**Summary of The Pebble Group PLCs Audited Full Year Results 2025**
The Pebble Group PLC, a leading provider of technology, products, and services to the global promotional products industry, announced its audited results for the year ended 31 December 2025. Key highlights include
### **Financial Performance**
**Revenue**£124.7 million, slightly down from £125.3 million in 2024, but in line with expectations.
**Gross Profit Margin**Improved to 45.6% from 44.3% in 2024, driven by better margins at Brand Addition.
**Operating Profit**£7.4 million, down from £8.6 million in 2024, due to increased investment in sales and marketing.
**Profit Before Tax**: £6.9 milliondown from £8.1 million in 2024.
**Basic Earnings Per Share**: 3.45pdown from 3.83p in 2024.
**Cash**£9.6 million, down from £16.5 million in 2024, reflecting shareholder returns and investments.
**Dividend Per Share**Increased to 2.00p from 1.85p in 2024.
### **Business Highlights**
**Facilisgroup**
Secured 30 new Partners (up from 16 in 2024) after investing approximately $1 million in sales and marketing.
Partner retention rate remained high at 97%, with 253 Partners as of 31 December 2025.
Focus on accelerating revenue growth through high Partner lifetime value and efficient acquisition costs.
**Brand Addition**
Revenue remained stable at £107.5 million, with improved margins (37.0% gross margin, up from 35.2%).
New client contracts contributed £6.5 million in revenue, up from £5.3 million in 2024.
Adjusted EBITDA increased to £11.4 million from £10.8 million.
### **Shareholder Returns**
**Share Buyback**Launched a £5.0 million share buyback program to return value to shareholders.
**Dividend**Proposed a final dividend of 2.0 pence per share, up from 1.85 pence in 2024.
**Total Capital Returns**£11.7 million in 2025, up from £3.4 million in 2024.
### **Strategic Focus**
**Organic Growth**Continued emphasis on organic growth and disciplined capital allocation.
**AI Integration**Increasing focus on AI to enhance operational efficiency, productivity, and decision-making.
**ESG Commitment**Progress on environmental, social, and governance goals, including a net-zero strategy and reduced emissions.
### **Outlook**
**Facilisgroup**Expected revenue growth in 2026 driven by new Partner wins and improved lifetime value.
**Brand Addition**Aim to increase revenues while maintaining improved profit margins.
**Overall**Confidence in delivering profitable growth, strong cash generation, and sustainable value creation despite macroeconomic uncertainties.
### **Board and Governance**
**Board Changes**Markus Bihler joined as a Non-executive Director, bringing expertise in technology-enabled business models and value creation.
**Governance**Strengthened governance with new policies on fraud prevention and AI.
The Pebble Group remains well-positioned to capitalize on its market opportunities, supported by a robust balance sheet, strategic investments, and a commitment to shareholder value.
Here is the HTML table code comparing the financials and debt year on year for The Pebble Group PLC:
MetricFY 2025FY 2024Change
Revenue (£'m)124.7125.3-0.5%
Gross Profit Margin (%)45.644.3+1.3ppt
Operating Profit (£'m)7.48.6-14.0%
Profit Before Tax (£'m)6.98.1-14.8%
Basic Earnings Per Share (pence)3.453.83-9.9%
Cash (£'m)9.616.5-£6.9m
Dividend Per Share (pence)2.001.85+8.1%
Adjusted EBITDA (£'m)15.816.7-5.4%
Free Cash Flow Conversion (%)9168+23ppt
Basic Adjusted Earnings Per Share (pence)3.864.63-16.6%
Capital Returns (£'m)11.73.4+£8.3m
Debt (£'m)00N/A
**Notes:** * The table includes key financial metrics and debt information for The Pebble Group PLC for FY 2025 and FY 2024. * The "Change" column shows the percentage change or absolute difference between the two years. * The company is debt-free, as indicated by the "Debt" row. * The table is based on the information provided in the text, which is an audited full-year results announcement for The Pebble Group PLC.
VINO logo
Results 06:01
VINO

Interim Results

Virgin Wines UK PLC

**Summary of Virgin Wines UK PLC Interim Results (H1 2026)**
**Financial Highlights**
**Revenue Growth** Increased by 2% year-on-year to £34.7 million (H1 2024: £34.1 million), outperforming the wider online drinks market, which declined by 11%.
**Christmas Trading** Strong performance with a 5% revenue increase over the peak seven-week period to 26 December 2025.
**Balance Sheet** Remains robust with net cash of £10.6 million (H1 2024: £17.3 million) and gross cash of £17.9 million (H1 2024: £23.7 million), while remaining debt-free.
**Shareholder Returns** Returned £2.7 million to shareholders via share buybacks.
**Profitability** Adjusted EBITDA of £259k, with a loss before tax of £356k due to increased investment in growth.
**Strategic Highlights**
1. **Customer Acquisition**
40% year-on-year increase in new customers (75k acquired), with a 12% rise in WineBank membership.
Cost per acquisition remained stable at £15.34 despite significant growth.
2. **Commercial Partnerships**
Revenue from partnerships and corporate gifting grew year-on-year, with the Moonpig partnership delivering double-digit growth.
3. **Mobile App**
Initial phase completed with a soft launch in March 2026, expected to enhance customer engagement.
4. **Warehouse Wines**
Revenue increased by 92% year-on-year, with a 41.1k customer base, demonstrating strong value-led growth.
**Current Trading and Outlook**
January and February 2026 revenue up 12% year-on-year, with full-year revenue in line with market expectations.
Customer acquisition accelerated, with January up 54% and February up 83% year-on-year.
Warehouse Wines revenue grew by 105% in January and February.
Increased near-term investment of £0.55 million in customer acquisition, expected to maintain EBITDA profitability.
Challenges include inflationary pressures, rising duties, and regulatory costs, but the company remains confident in its growth strategy.
**CEO Commentary (Jay Wright)**
Highlighted success in customer acquisition, commercial partnerships, Warehouse Wines growth, and mobile app development.
Emphasized strong momentum, disciplined cost management, and confidence in delivering sustained success despite macroeconomic challenges.
**Financial Review (Amanda Cherry)**
Revenue growth of 2% to £34.7 million, with a loss before tax of £0.4 million due to increased investment.
Gross profit margin decreased to 27.7% due to promotional offers and sales mix changes.
EBITDA of £0.2 millionimpacted by growth investments.
Strong balance sheet with £17.9 million in gross cash and £7.7 million in inventory.
**Conclusion**
Virgin Wines UK PLC demonstrated resilience and growth in a challenging market, with strategic investments in customer acquisition, partnerships, and technology driving performance. Despite short-term profitability pressures, the company remains focused on long-term growth and market outperformance.
Here is the HTML table code comparing the financials and debt year on year for Virgin Wines UK PLC:
Financial MetricH1 2026 (£'000)H1 2025 (£'000)Change (£'000)Change (%)
Revenue34,74734,0846632%
Gross Profit9,63610,122(486)-5%
EBITDA2591,600(1,341)-84%
Loss Before Tax(356)1,273(1,629)-128%
Net Cash10,60017,300(6,700)-39%
Gross Cash17,94423,661(5,717)-24%
Inventory7,6956,5171,17818%
Debt0000%

Notes:

  • Revenue increased by 2% year-on-year, outperforming the wider online drinks market which declined by 11%.
  • Gross profit margin decreased by 2% to 27.7% due to increased promotional offers and changes in sales mix.
  • EBITDA and loss before tax were significantly impacted by increased investment in customer acquisition and marketing.
  • Net cash and gross cash decreased due to share buybacks, capex, and increased inventory.
  • The company remains debt-free.
This table provides a clear comparison of key financial metrics between H1 2026 and H1 2025, including revenue, gross profit, EBITDA, loss before tax, net cash, gross cash, inventory, and debt. The notes section highlights key insights from the comparison.
EYE logo
Results 06:01
EYE

Half Year Results

Eagle Eye Solutions Group plc

**Summary of Eagle Eye Solutions Group PLC Half-Year Results (H1 2026):**
Eagle Eye Solutions Group PLC, a leading provider of applied AI for marketing, reported strong financial performance for the six months ended 31 December 2025, exceeding initial expectations. Key highlights include
### **Financial Performance**
**Revenue Growth** Group revenue (excluding NRS impact) grew by 16% to £22.4 million, driven by a 24% increase in recurring revenue to £19.1 million. Including NRS, revenue slightly declined to £23.0 million.
**Annual Recurring Revenue (ARR)** ARR increased by 29% to £42.2 million, with new ARR in H1 2026 surpassing the entire FY 2025.
**Net Revenue Retention (NRR)** NRR (excluding NRS) improved to 108%, up from 104% in H1 2025. Including NRS, NRR was 99%.
**Profitability** Adjusted EBITDA was £4.3 million (18% margin), ahead of expectations, despite a 28% decline from H1 2025. Profit after tax was £0.1 million, down from £1.9 million in H1 2025.
**Cash Position** Net cash increased by 3% to £12.1 million, supporting investment in growth initiatives.
### **Strategic Highlights**
**New Customer Wins** Secured eight new multi-year contracts for the AIR platform and EagleAI solutions, including major wins in North America, Europe, and Asia. Notable wins include Wakefern, Kwik Trip, and FairPrice Co-Operative Ltd.
**US Market Expansion** Achieved £2.5 million in new ARR from four significant US wins, reflecting strengthened brand presence and refined go-to-market strategies.
**AI Growth** EagleAI revenues grew by 23% to £3.6 million, now representing 15% of Group revenues. Integration of AIR and EagleAI is delivering value through AI Personalised Promotions.
**OEM Partnership** Secured first two customer contracts through the OEM partnership, with expected ARR of £2.0 million, and material revenue generation expected from FY27.
**Operational Efficiency** Improved revenue mix with recurring revenues at 85% of Group revenues, up from 80% in H1 2025. Adjusted EBITDA margin exceeded expectations due to cost efficiencies and platform optimisation.
### **Outlook**
The Board is confident in delivering FY26 results in line with increased market expectations, targeting a 20% EBITDA margin run rate by the end of FY26.
Expects a return to double-digit revenue and EBITDA growth in FY27, driven by momentum in ARR growth, customer expansion, and AI innovation.
### **CEO Statement**
Tim Mason, CEO, highlighted strong execution, ARR growth, and progress in strategic priorities, including US market traction and OEM partnership success. Emphasised leadership in applied AI for retail and commitment to long-term value creation.
### **Key Metrics (H1 2026 vs H1 2025)**
**ARR (excl. NRS)** £42.2m (+29%)
**NRR (excl. NRS)** 108% (+4ppts)
**Group Revenue (excl. NRS)** £22.4m (+16%)
**Recurring Revenue** £19.1m (+24%)
**Adjusted EBITDA** £4.3m (-28%)
**Net Cash** £12.1m (+3%)
Eagle Eye remains focused on capturing the growing demand for AI-powered loyalty and personalisation solutions, with a disciplined approach to margin improvement and long-term growth.
Here is the HTML table code comparing the financials and debt year on year for Eagle Eye Solutions Group PLC:
MetricH1 2026H1 2025Change
KPIs excluding NRS
Period end Annual Recurring Revenue£42.2m£32.8m+29%
Net Revenue Retention108%104%+4ppts
Group Revenue£22.4m£19.3m+16%
Recurring Revenue£19.1m£15.4m+24%
KPIs including NRS
Group revenue£23.0m£24.2m-5%
Recurring Revenue£19.6m£19.5m+1%
Professional Services Revenue£3.0m£4.4m-32%
SMS Revenue£0.4m£0.3m+55%
Recurring revenue % of Group revenue85%81%+5ppts
Period end Annual Recurring Revenue£42.2m£41.0m+3%
Net Revenue Retention99%104%-5ppts
Direct profit£16.2m£16.9m-4%
Adjusted EBITDA£4.3m£5.9m-28%
Adjusted EBITDA margin18%24%-6ppts
Profit after tax£0.1m£1.9m-93%
Net cash at 31 December£12.1m£11.7m+3%

Note: Debt information is not explicitly mentioned in the provided text. However, the "Net cash" metric can be used as a proxy for debt, where an increase in net cash indicates a decrease in debt or an improvement in liquidity.

This table compares the key financial metrics for Eagle Eye Solutions Group PLC between H1 2026 and H1 2025, including revenue, recurring revenue, EBITDA, and net cash. The "Change" column shows the percentage change between the two periods. Please note that the debt information is not explicitly mentioned in the provided text, so the table focuses on financial metrics and uses "Net cash" as a proxy for debt.
TPFG logo
Results 06:01
TPFG

Final Results

Property Franchise Group PLC

**Summary**
The Property Franchise Group PLC (TPFG) reported a record year for FY25, with significant growth across its franchising, financial services, and licensing divisions. Key financial highlights include a 25% increase in group revenue to £84.3 million, a 49% rise in EBITDA to £30.3 million, and a 39% increase in adjusted profit before tax to £31.0 million. The company also achieved a 22% increase in the full-year dividend to 22p per share.
Operationally, TPFG expanded its managed portfolio to 149,000 properties, completed 35,000 residential sale transactions, and maintained a steady sales pipeline of £33.0 million. The company launched the Privilege programme, adding £1.5 million in incremental revenue, and its Financial Services division delivered a record 25,000 mortgages. The Licensing division grew with Fine & Country adding 13 new licensees, including eight international offices.
TPFG made significant progress in AI-focused initiatives, enhanced its senior leadership team, and strengthened its balance sheet with net debt reduced to £2.3 million. The company is well-positioned for future growth, focusing on revenue synergies, navigating market conditions, and pursuing complementary acquisitions. The Board expressed confidence in delivering sustainable long-term value for shareholders, supported by a clear strategy and a resilient business model.
Here is the HTML table code comparing the financials and debt year on year for The Property Franchise Group PLC:
Metric20252024Change
Revenue£84.3m£67.3m25%
EBITDA£30.3m£20.4m49%
Adjusted Profit Before Tax£31.0m£22.3m39%
Net Debt£2.3m£9.1m(75%)
Cash Generated from Operations£22.1m£14.7m50%
Dividend per Share22p18p22%
**Notes:** * The table compares key financial metrics for The Property Franchise Group PLC between 2025 and 2024. * The "Change" column shows the percentage change between the two years. * The data is sourced from the provided text, which is an RNS announcement from The Property Franchise Group PLC.
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Results 06:01
ESNT

Results for the Full Year Ended 31 December 2025

Essentra PLC

**Summary of Essentra plcs Final Results for the Full Year Ended 31 December 2025**
Essentra plc reported its full-year results for 2025, highlighting performance in line with market expectations and strategic progress. Key financial and operational highlights include
### **Financial Performance**
**Revenue**£302.0 million, flat compared to 2024 (£302.4 million) but up 2.5% on a constant currency basis, driven by growth across all regions.
**Adjusted Operating Profit**£32.0 million, down from £40.1 million in 2024, reflecting margin pressures due to geographic mix effects and reinvestment.
**Adjusted Operating Margin**10.6%, down from 13.3% in 2024, impacted by temporary costs and mix shifts.
**Adjusted Net Cash Flow from Operating Activities**: £44.0 million, up from £36.4 million in 2024, with strong cash conversion of 137.5%.
**Net Debt**£60.7 million (excluding lease liabilities), down from £68.2 million in 2024, with leverage at 1.4x adjusted EBITDA.
**Dividend**Final dividend of 1.2p per share proposed, maintaining full-year dividend cover of around three times adjusted earnings.
### **Strategic Progress**
**Revenue Growth**All three regions (EMEA, Americas, APAC) delivered year-on-year constant currency revenue growth, with EMEA up 2.6%, Americas up 2.0%, and APAC up 3.1%.
**Acquisition**Completed the acquisition of Device Technologies in December 2025, a US-based specialty cable protection devices manufacturer, aligning with inorganic growth strategy.
**ERP Deployment**Progressed with Microsoft Dynamics 365 rollout in EMEA, with six additional locations launched, on track for completion in early 2027.
**Footprint Optimisation**Transferred manufacturing operations from Costa Rica to Mexico to improve scale and service in the Americas.
### **Operational Highlights**
**Gross Margins**Remained robust at 43.7% (2024: 45.3%), despite temporary pressures from geographic mix and ERP deployment costs.
**Sustainability**Launched components using post-consumer recycled materials and introduced over 1,600 sustainable products in 2025, surpassing 2030 SBTi emissions reduction targets five years early.
**Customer Satisfaction**Strong customer NPS scores across regions, with EMEA at 35, Americas at 55, and APAC at 47 (China declined to 47 due to pricing tensions).
### **Outlook**
**2026 Expectations**Trading-to-date provides confidence in achieving 2026 expectations, with management focused on margin improvement and operational efficiency.
**Balance Sheet**Remains strong, providing flexibility for strategic investments and bolt-on acquisitions.
**Middle East Situation**Monitoring potential broader impacts, though the Group has no operating footprint in the region.
### **CEO Commentary**
Scott Fawcett, CEO, emphasized 2025 as a year of strategic progress despite subdued global industrial demand. He highlighted revenue growth across regions, robust gross margins, and advancements in strategic priorities, including the Device Technologies acquisition and ERP rollout. Fawcett expressed confidence in Essentras ability to create strong shareholder value through its unique customer proposition, clear strategic priorities, and disciplined capital allocation.
### **Conclusion**
Essentra plc demonstrated resilience in 2025, achieving modest revenue growth, maintaining robust gross margins, and making significant strategic progress. The Group is well-positioned for further growth in 2026, supported by a strong balance sheet, operational efficiency initiatives, and a focus on sustainable and value-enhancing growth opportunities.
Here is the HTML table code comparing the financials and debt year on year for Essentra plc: td>(23.1%)
Metric2025 (£m)2024 (£m)Change Constant FXChange Actual FX
Revenue302.0302.42.5%(0.1%)
Adjusted Operating Profit32.040.1(17.7%)(20.2%)
Adjusted Operating Margin10.6%13.3%(260bps)(270bps)
Adjusted Pre-tax Profit24.031.2(20.8%)
Adjusted Basic Earnings per Share6.1p8.5p(25.2%)(28.2%)
Adjusted Net Cash Flow from Operating Activities44.036.420.8%20.9%
Net Debt (excluding lease liabilities)60.768.2(11.0%)(11.0%)
Net Debt to Adjusted EBITDA1.4x1.3x(7.7%)(7.7%)

Key Observations:

  • Revenue remained relatively flat year-on-year, with a slight decrease in actual FX terms.
  • Adjusted operating profit and pre-tax profit decreased significantly, driven by margin pressures and increased costs.
  • Net debt decreased by 11.0%, reflecting strong cash flow generation and debt management.
  • Net debt to adjusted EBITDA ratio increased slightly, but remains within the target range of <1.5x.
**Note:** The percentage changes for net debt and net debt to adjusted EBITDA are calculated based on the provided data. The actual FX change for net debt is the same as the constant FX change since currency effects are not applicable to this metric.
SWG logo
Results 06:01
SWG

Interim Results

Shearwater Group plc

**Summary of Shearwater Group PLC Interim Results for H1 FY26 (Ended 31 December 2025)**
**Financial Highlights**
**Revenue Growth** £14.0 million, up 31% YoY (from £10.7 million in Jul-Dec FY25) and 24% from the reported FY25 interim results (Apr-Sep FY25: £11.3 million). Growth driven by organic expansion and FY25 contract wins.
**Adjusted EBITDA** £0.0 million (vs. £0.1 million profit in Jul-Dec FY25), with a reported loss of £0.4 million for H1 FY25.
**Administrative Expenses** £2.9 million, down 6% YoY, reflecting cost reduction initiatives and FY25 restructuring.
**Cash Position** £2.2 million, impacted by short-term project cash flow timing. Adjusted for a £1.5 million contract outflow resolved in January 2026, the balance would have been £3.7 million (vs. £3.6 million in Dec 2024).
**Operational Highlights**
**Services Momentum** Strong demand from blue-chip clients in Telecommunications, Financial Services, and Government sectors.
**Contract Wins** Notable wins include a £7.3 million extension with a mobile network operator and expansions in Central Government.
**Pentest Business** Returned to profitability post-FY25 restructuring.
**Software Solutions** Continued demand for on-premise solutions, particularly in regulated sectors.
**H2 Start** Positive momentum with a £9 million renewal/extension in global financial services post-period end.
**Board Update**
Robin Southwell appointed as Chair effective 1 February 2026.
**Outlook**
**Pipeline Strength** Robust pipeline supported by Services momentum, with H2 wins aligning to peak sales cycles.
**Margin Improvement** Expected in H2 as new solutions are delivered.
**Full-Year Confidence** Board remains confident in meeting market expectations for FY26.
**CEO Commentary (Phil Higgins)**
Highlighted progress in revenue growth and operational performance, driven by demand in high-threat environments.
Emphasized Services business momentum, Pentest profitability, and software portfolio investments.
Confident in H2 performance and FY26 market expectations, supported by recent contract wins and margin improvements.
**Market Opportunity**
Cybersecurity market projected to grow at 14% CAGR globally and 10-12% in the UK, driven by escalating cyber threats.
Shearwater’s differentiated full-service offering positions it to capitalize on this growth.
**Segment Performance**
**Services** 37% revenue growth to £12.9 million, driven by cloud-hosted software and FY25 contracts. Gross margin slightly down to 17% due to revenue recognition policy changes.
**Software** Revenue declined 12% to £1.1 million but remained stable compared to FY25 pro-rated totals.
**Financial Position & Cash Flow**
H1 cash outflow due to timing of project payments, with net cash used in operations at £2.4 million.
Strong financial position to support growth initiatives.
**Conclusion**
Shearwater Group demonstrated resilient H1 performance with strong revenue growth, operational improvements, and strategic contract wins. Despite short-term cash flow challenges, the company is well-positioned to capitalize on cybersecurity market opportunities, with confidence in delivering full-year expectations.
Here’s an HTML table comparing the financials and debt year on year for Shearwater Group PLC based on the provided text:
MetricH1 FY26 (unaudited)H1 FY25 (unaudited)YOY Change
Revenue£14.0m£10.7m+31%
Gross Profit£2.9m£3.2m-10%
Adjusted Administrative Expenses£2.9m£3.1m-6%
Adjusted EBITDA£0.0m£0.1m-100%
Cash and Cash Equivalents£2.2m£3.6m-39%
Debt (Long-term)£3.5m£4.5m-22%
### Explanation: 1. **Revenue**: Increased by 31% from £10.7m in H1 FY25 to £14.0m in H1 FY26. 2. **Gross Profit**: Decreased by 10% from £3.2m in H1 FY25 to £2.9m in H1 FY26. 3. **Adjusted Administrative Expenses**: Decreased by 6% from £3.1m in H1 FY25 to £2.9m in H1 FY26. 4. **Adjusted EBITDA**: Fell from £0.1m in H1 FY25 to £0.0m in H1 FY26. 5. **Cash and Cash Equivalents**: Decreased by 39% from £3.6m in H1 FY25 to £2.2m in H1 FY26. 6. **Debt (Long-term)**: Decreased by 22% from £4.5m in H1 FY25 to £3.5m in H1 FY26. This table provides a clear comparison of key financial metrics and debt levels between the two periods.
WIX logo
Results 06:01
WIX

Full Year Results 2025

Wickes Group PLC

**Summary of Wickes Group PLC Full Year Results 2025**
Wickes Group PLC reported strong financial performance for the 52 weeks ending December 27, 2025, with total revenue increasing by 5.9% to £1,636.2 million compared to £1,544.5 million in 2024. Adjusted profit before tax (PBT) rose by 14.4% to £49.9 million, surpassing expectations, while statutory PBT increased significantly to £48.7 million from £23.2 million in 2024, aided by operating leverage and productivity improvements.
**Key Financial Highlights**
**Revenue Growth** Retail revenue grew by 6.5% to £1,208.9 million, driven by strong volume growth, particularly in TradePro (9% sales growth) and mid-single-digit growth in DIY sales. Design & Installation revenue increased by 4.4% to £427.3 million, supported by enhancements in kitchen and bathroom offerings.
**Profitability** Adjusted PBT margin improved to 3.0% from 2.8% in 2024, reflecting operational efficiency and cost management. Statutory PBT margin rose to 3.0% from 1.5% in 2024.
**Cash Position** Net cash stood at £91.7 million, up from £86.3 million in 2024, after investments in growth and shareholder returns, including £44.8 million returned to shareholders.
**Dividends and Share Buybacks** A final dividend of 7.3p per share was declared, maintaining the total dividend at 10.9p for the year. A new £10 million share buyback program was announced, in addition to £5-10 million for employee share schemes in 2026.
**Strategic Achievements**
**Market Share Gains** Wickes achieved record market share in Retail, particularly in timber, tiling, flooring, and paint categories.
**TradePro Growth** Active TradePro members increased to 643,000 from 581,000 in 2024, with sales growth driven by strategic partnerships and customer engagement initiatives.
**Design & Installation Momentum** Five consecutive quarters of ordered sales growth and three consecutive quarters of delivered sales growth were recorded, supported by simplified customer journeys and range enhancements.
**Store Expansion** Wickes opened 5 new stores and completed 11 refits/refreshes in 2025, with an ambition to reach 300 stores nationwide, creating over 2,000 new jobs.
**Digital and Technology Investment** Increased investment in technology to enhance customer experience and support future growth, including new design software and unified commerce platforms.
**Current Trading and Outlook**
**2026 Trading** The first 11 weeks of 2026 showed continued volume growth across indoor projects and Design & Installation, despite wet weather impacting outdoor project demand.
**Future Prospects** Wickes remains confident in its growth strategy, focusing on proven levers like store expansion, digital enhancement, and category wins. The company is comfortable with consensus expectations for adjusted PBT in 2026, despite macroeconomic uncertainties.
**Leadership Commentary**
CEO David Wood highlighted the company’s strong strategic progress, record market share gains, and the successful acceleration of store investment for future growth. He emphasized the commitment to enhancing customer experience and expanding Wickes’ footprint across the UK.
**Conclusion**
Wickes Group PLC demonstrated robust financial and operational performance in 2025, underpinned by strategic investments in growth levers, market share gains, and a focus on customer satisfaction. The company is well-positioned for continued growth in 2026, despite external challenges, with a clear strategy to expand its store network and enhance digital capabilities.
Here is the HTML table code comparing the financials and debt year on year for Wickes Group PLC:
Metric2025 (£m)2024 (£m)Change
Total Revenue1,636.21,544.5+5.9%
Adjusted Profit Before Tax49.943.6+14.4%
Statutory Profit Before Tax48.723.2+109.9%
Net Cash Position91.786.3+6.3%
Average Cash Across the Year153.0144.3+6.0%
Final Dividend Declared (pence)7.37.30%
Total Dividend for the Year (pence)10.910.90%
Lease Liability Net Debt(628.1)(619.0)-1.5%
**Notes:** * The table compares key financial metrics and debt for Wickes Group PLC between 2025 and 2024. * The data is extracted from the provided text, which is the Full Year Results 2025 announcement for Wickes Group PLC. * The table includes metrics such as Total Revenue, Adjusted Profit Before Tax, Statutory Profit Before Tax, Net Cash Position, Average Cash Across the Year, Final Dividend Declared, Total Dividend for the Year, and Lease Liability Net Debt. * The "Change" column shows the percentage change between 2025 and 2024 for each metric. * Negative values in the "Lease Liability Net Debt" row indicate a net debt position.
MIDW logo
Results 06:01
MIDW

2025 Full Year Results

Midwich Group PLC

**Summary of Midwich Group PLCs 2025 Full Year Results:**
Midwich Group PLC, a global specialist audio-visual (AV) distributor, reported its 2025 full-year results, highlighting a return to revenue growth in the second half of the year despite challenging macroeconomic conditions. The company achieved sustained record gross margins of 17.7%, consistent with 2024.
**Financial Highlights**
**Revenue** £1,270.8 million, a slight decrease of 1.5% from 2024 (£1,289.5 million), with a return to growth in the second half.
**Gross Profit** £225.2 million, down 1.6% from £228.8 million in 2024.
**Adjusted Operating Profit** £43.6 million, a 10.7% decline from £48.9 million in 2024, with 60% generated in the second half.
**Adjusted Profit Before Tax** £30.5 million, down 22.1% from £39.1 million in 2024.
**Adjusted EPS** 22.37p, a 17.0% decrease from 26.96p in 2024.
**Adjusted Cash Flow Conversion** 123%, up from 97% in 2024, reflecting improved working capital management.
**Adjusted Net Debt to Adjusted EBITDA Ratio:** 2.17x, slightly up from 2.0x in 2024 but down from 2.5x in H1 2025.
**Operational Highlights**
**Market Share Gains** The company gained market share with key vendors, supported by its diverse product and geographic portfolio.
**Regional Performance** Strong growth in the UK&I due to market share gains and new vendors, despite challenging conditions. Robust performance in EMEA (excluding Germany), with Germany expected to improve from 2026.
**Digital Investments** Progress in digital initiatives, including AI automation and digital platforms, expected to enhance productivity and growth from 2026.
**Dividend Policy** Proposed final dividend of 3.5p and interim dividend of 1.75p, totaling 5.25p for 2025, reflecting a revised dividend policy with a 25% payout ratio of adjusted EPS.
**Strategic Focus**
**Efficiency and Market Positioning** Focused on driving efficiencies and strengthening market positioning in 2025.
**Digital Strategy** Approved a new digital strategy emphasizing agility, AI, and digital solutions to deliver new customer solutions and differentiate from competitors.
**ERP System** Decided to pause the rollout of a global ERP system, prioritizing bespoke digital tools for quicker benefits at lower cost and risk.
**M&A and Organic Growth** Continued focus on organic growth and strategic acquisitions to expand capabilities and geographic reach.
**Outlook**
**2026 Expectations** The Board anticipates a return to profit growth in 2026, supported by actions taken in 2025 and the companys strong market position.
**Long-Term Growth** The global Pro AV market is expected to grow faster than GDP, and Midwich is well-positioned to benefit from this trend, with less than 4% market share in its target addressable market.
**Leadership Changes**
**CFO Transition** Adam Councell appointed as Group CFO, succeeding Stephen Lamb, who left in 2026.
**Board Changes** Mike Ashley retired from the Board in May 2026, with plans to appoint at least one additional independent Non-executive Director.
**Sustainability and Corporate Governance:**
**Sustainability Progress** Enhanced environmental initiatives, including renewable energy investments and science-based carbon targets.
**Diversity and Inclusion** Commitment to diversity in future Director and senior leader appointments.
**Community Engagement** Continued support for community initiatives, with the Gift of AV program raising £325,000 over five years.
**Conclusion**
Midwich Group PLC demonstrated resilience in 2025, navigating challenging conditions while positioning itself for future growth through strategic investments, operational efficiencies, and a focus on digital transformation. The company remains optimistic about its long-term prospects in the growing Pro AV market.
Here is the HTML table code comparing the financials and debt year on year for Midwich Group PLC:
Metric2025 (£m)2024 (£m)Change (%)
Revenue1,270.81,289.5(1.5%)
Gross Profit225.2228.8(1.6%)
Adjusted Operating Profit43.648.9(10.7%)
Adjusted Profit Before Tax30.539.1(22.1%)
Adjusted Net Debt126.0130.6(3.5%)
Adjusted Net Debt to Adjusted EBITDA Ratio2.17x2.0x8.5%
**Key Observations:** * **Revenue and Gross Profit:** Both revenue and gross profit decreased slightly in 2025 compared to 2024, with a 1.5% and 1.6% decline, respectively. * **Adjusted Operating Profit and Adjusted Profit Before Tax:** These metrics saw more significant declines, with adjusted operating profit decreasing by 10.7% and adjusted profit before tax decreasing by 22.1%. * **Adjusted Net Debt:** Adjusted net debt decreased by 3.5% in 2025, indicating improved cash management. * **Adjusted Net Debt to Adjusted EBITDA Ratio:** This ratio increased by 8.5%, suggesting a slight increase in leverage. Note: The percentages in the "Change (%)" column are calculated based on the provided data.
FNX logo
Results 06:01
FNX

Interim Results

Fonix Mobile plc

**Summary of Fonix PLC Interim Results for H1 FY26 (6 months ended 31 December 2025)**
**Financial Highlights**
**Gross Profit** Increased by 7.1% to £10.5 million (H1 FY25: £9.8 million).
**Adjusted EBITDA** Rose by 6.4% to £8.3 million (H1 FY25: £7.8 million).
**Interim Dividend** Increased to 3.10p per share (H1 FY25: 2.90p), in line with the progressive dividend policy.
**Adjusted PBT** Grew by 2.6% to £8.0 million (H1 FY25: £7.8 million).
**Adjusted EPS** Remained stable at 6.2p (H1 FY25: 6.2p).
**Underlying Cash** Decreased by 16.4% to £9.2 million (H1 FY25: £11.0 million), primarily due to increased shareholder distributions.
**Operational Highlights**
1. **International Expansion**
Successfully launched services in **Portugal** with a leading national broadcaster, showing early traction.
Pilot of interactive services in a **third European market** is underway.
Commenced expansion into a **fourth European market**, targeting service launch in FY27.
2. **Product Progress**
**Campaign Manager** Enhanced with infrastructure upgrades for scalability and international support.
**PayFlex** Expanded to Ireland and two UK broadcasters, with plans for broader rollout.
**CompsPortal** First customer launch in December 2025, with encouraging user engagement.
**RichMessaging** Successful RCS messaging pilots with UK broadcasters, leading to expanded trials.
3. **Partnerships**
Extended contract with **ITV** for live broadcast interactivity services, now in its tenth year.
Maintained high client retention (>99% recurring income).
4. **Platform Performance**
Achieved 100% platform uptime throughout the period.
All key service lines (mobile payments, messaging, managed services) grew during the period.
**Outlook**
Continued momentum in core UK and Ireland markets, with encouraging international progress.
Strong pipeline of enterprise opportunities and focus on product innovation (PayFlex, CompsPortal, RichMessaging).
Board remains confident in delivering sustainable gross profit growth and long-term shareholder value, despite UK tax changes affecting certain gaming operators (which represent <6% of gross profit).
**CEO’s Commentary (Rob Weisz)**
Highlighted strong H1 performance driven by product innovation, international expansion, and long-standing partnerships.
Emphasized resilience in the business model, with high recurring income and structural barriers to entry.
Acknowledged the potential impact of AI technologies and Fonix’s proactive integration of AI into its operations.
**Key Financial Metrics**
**Revenue** Grew by 9% to £42.3 million (H1 FY25: £38.8 million).
**Gross Profit Margins** Slightly decreased to 24.9% (H1 FY25: 25.2%) due to revenue mix changes.
**Total Payment Volumes (TPV)** Increased by 6.7% to £160 million (H1 FY25: £150 million).
**Strategic Growth Pillars**
1. **Technological Innovation** Focus on PayFlex, CompsPortal, and RichMessaging to drive revenue growth.
2. **International Expansion** Client-led expansion into Portugal, third, and fourth European markets.
3. **Sustainable Profitability** Commitment to long-term profitability and shareholder value creation.
**Conclusion**
Fonix PLC delivered a robust H1 FY26 performance, underpinned by strong financial results, strategic international expansion, and product innovation. The company remains well-positioned for sustainable growth, with a resilient business model and a clear focus on long-term value creation.
Here is the HTML table code comparing the financials and debt year on year for Fonix PLC:
MetricH1 FY26 (£'000)H1 FY25 (£'000)Change
Gross Profit10,5359,764+7.9%
Adjusted EBITDA8,3007,800+6.4%
Adjusted PBT8,0057,865+1.8%
Underlying Cash9,20011,000-16.4%
Total Payment Volumes (TPV)160,000150,000+6.7%
Revenue42,33438,750+9.2%
Adjusted EPS (pence)6.26.20.0%
Interim DPS (pence)3.12.9+6.9%

Note: Debt information is not explicitly mentioned in the provided text. The table above focuses on key financial metrics and their year-on-year changes.

This table summarizes the key financial metrics for Fonix PLC, comparing H1 FY26 with H1 FY25. The metrics include Gross Profit, Adjusted EBITDA, Adjusted PBT, Underlying Cash, Total Payment Volumes, Revenue, Adjusted EPS, and Interim DPS. The changes are calculated as percentages. Since debt information is not provided in the text, it is not included in the table.
BRWM logo
Results 06:01
BRWM

Final Results

Blackrock World Mining Trust Plc

**Summary**
BlackRock World Mining Trust plc (the "Company") released its final results for the year ended 31 December 2025, highlighting a strong performance driven by positive demand trends from AI infrastructure build-out, energy transition, and precious metals demand. The Company reported a net asset value (NAV) total return of 74.2%, outperforming the reference index and FTSE All-Share Index. The share price total return was 74.1%.
**Key Highlights**
**Performance** The Companys NAV total return was 74.2%, compared to 64.2% for the reference index and 24.0% for the FTSE All-Share Index. The share price total return was 74.1%.
**Dividends** A proposed final dividend of 7.50p per share, making a total of 24.00p per share for the year, representing a 4.3% increase from 2024.
**Portfolio** The Companys portfolio manager effectively managed exposure to commodities, precious metals, and unquoted assets, contributing to the strong performance.
**Gearing** The Company operated with a flexible gearing policy, with a maximum gearing of 13.6% and an average gearing of 8.8% during the year.
**Share Buybacks** The Company repurchased 4,335,000 shares at an average discount of 8.7% to NAV, with further buybacks post-year end.
**Chairmans Statement**
The Chairman, Chip Goodyear, attributed the Companys success to its nimble "virtual mining company" approach, allowing it to adapt to market conditions and capitalize on opportunities. The Companys performance was driven by strong demand for critical minerals, precious metals, and its ability to manage exposure to various commodities.
**Investment Managers Report**
The Investment Manager highlighted the Companys stellar performance, driven by positive demand trends, supply-side disruptions, and the critical minerals agenda. The Companys NAV total return was 74.2%, and the share price total return was 74.1%. Key contributors to performance included positions in Hycroft Mining, Kinross Gold, and the sale of the BHP Brazil Royalty.
**Outlook**
The Company expects commodity markets to remain strong, driven by continued demand for critical minerals and precious metals. However, key risks include geopolitical fluctuations, slow growth in China, and concentration of capital spending related to technology and AI.
**Financials**
**Net Asset Value (NAV):** £1598428000 (2024: £975199000)
**Revenue Profit:** £45867000 (2024: £44127000)
**Total Comprehensive Income:** £688590000 (2024: Loss of £119941000)
**Dividends Paid:** £43260000 (2024: £64037000)
**Conclusion**
BlackRock World Mining Trust plc delivered a strong performance in 2025, driven by its ability to adapt to market conditions and capitalize on opportunities in the mining sector. The Companys focus on critical minerals, precious metals, and its nimble approach contributed to its success. Despite potential risks, the Company is well-positioned to continue delivering strong returns in the future.
Here is a comparison of the financials and debt year on year for BlackRock World Mining Trust plc, presented as an HTML table:
Metric20252024Change
Net Assets (£'000)1,598,428975,199+63.9%
Net Asset Value per Share (pence)856.23510.53+67.7%
Ordinary Share Price (pence)804.00481.00+67.2%
Net Revenue Profit after Taxation (£'000)45,86744,127+3.9%
Total Dividends per Share (pence)24.0023.00+4.3%
Bank Loans (£'000)96,651135,739-28.8%
**Notes:** * The net assets and net asset value per share increased significantly in 2025, driven by strong performance in the mining sector and positive demand trends. * The ordinary share price also increased substantially, reflecting the strong performance of the underlying portfolio. * Net revenue profit after taxation increased slightly, while total dividends per share increased by 4.3%. * Bank loans decreased by 28.8%, indicating a reduction in debt levels. This table provides a concise overview of the key financials and debt metrics for BlackRock World Mining Trust plc, highlighting the significant improvements in 2025 compared to 2024.
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TR1 42 news titles 42
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TR1 17:22
GNC

Holding(s) in Company

Greencore Group

TR1 Buy
['UBS Group AG-Investment Bank & Global Wealth Management', '5.174240', '0.000000']
GMS logo
TR1 16:01
GMS

Holding(s) in Company

Gulf Marine Services PLC

TR1 Buy
['Bank of America Corporation', '6.969106', '7.005943']
SCP logo
TR1 15:57
SCP

Holding(s) in Company

Schroder UK Mid Cap Fund PLC

TR1 Buy
['Saba Capital Management, L.P.', '8.029340', '7.947841']
TEM logo
TR1 14:48
TEM

Holding(s) in Company

Templeton Emerging Markets Investment Trust TEMIT

TR1 Buy
['City of London Investment Management Company Limited', '18.990000', '19.996000']
GPE logo
TR1 14:45
GPE

Holding(s) in Company

GREAT PORTLAND ESTATES PLC

TR1 Buy
['First Eagle Investment Management, LLC', '5.054403', 0]
IPF logo
TR1 13:48
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['JPMorgan Chase & Co.', '1.745135', '1.251055']
FRP logo
TR1 12:50
FRP

Holding(s) in Company

Frp Advisory Group Plc

TR1 Buy
['Raymond James Wealth Management Limited', '4.990000', '5.020000']
CLBS logo
TR1 12:26
CLBS

Holding(s) in Company

Celebrus Technologies plc

TR1 Buy
['Rathbones Investment Management Ltd', '9.860600', '10.952600']
BWY logo
TR1 09:53
BWY

Holding(s) in Company

Bellway PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Asset Management Holdings Inc.', '4.759662', 'Below minimum threshold']
FDR logo
TR1 09:53
FDR

Holding(s) in Company

First Development Resources Plc

TR1 Buy
['First Equity Limited', '5.388211', '4.885311']
BRK logo
TR1 09:26
BRK

Holding(s) in Company

Brooks Macdonald Group

TR1 Buy
['Liontrust Investment Partners LLP', '13.953000', '14.791000']
OXIG logo
TR1 09:01
OXIG

Holding(s) in Company

Oxford Instruments PLC

TR1 Buy
['Artemis Investment Management LLP', '14.37031', '14.33528']
IPF logo
TR1 08:50
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['JPMorgan Chase & Co.', '1.251055', '1.811638']
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IGP logo
Updates 06:01
IGP

Year End Trading Update

Intercede Group

**Summary**
Intercede Group PLC, a leading cybersecurity software company specializing in digital identities, released its year-end trading update for the financial year ending 31 March 2026 (FY26). The company expects continued growth in Annual Recurring Revenue (ARR) driven by increased support, maintenance revenues, and adoption of subscription-based licensing. However, full-year revenue is anticipated to be 8-9% below market expectations due to procurement delays, particularly in the United States, and customer purchasing deferrals caused by geopolitical uncertainties, including the Middle East conflict. Adjusted EBITDA is expected to be 15-18% below expectations due to reduced revenues and ongoing strategic investments.
Despite these challenges, Intercede emphasizes that delayed opportunities are not lost, with active customer engagements and improved order intake momentum in H2 FY26. The company maintains a strong cash position, a debt-free balance sheet, and reaffirms its FY27 revenue target of £21 million, reflecting confidence in the timing of delayed opportunities converting into orders as conditions stabilize. The strategic shift to a subscription-based model is accelerating, enhancing revenue quality and predictability. CEO Klaas van der Leest highlighted the robustness of the pipeline, the transition to recurring revenue, and the company’s strong financial position, positioning Intercede for long-term growth and shareholder value. A more detailed trading update is scheduled for 9 April 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not provide explicit year-on-year financial data, the table is structured to reflect the key financial metrics mentioned for FY26 and the outlook for FY27, along with the debt status.
MetricFY26 (Expected)FY27 (Target)Debt Status
Revenue£17.2m - £17.5m
(8-9% below £18.7m expectation)		£21mDebt-free
Adjusted EBITDA£3.9m - £4.1m
(15-18% below £4.6m expectation)		N/A
Cash and Cash Equivalents£19.5m - £19.9m
(3-5% above £19.0m expectation)		N/A
Annual Recurring Revenue (ARR)Continued growthContinued growthN/A
### Explanation: 1. **Revenue (FY26)**: Expected to be 8-9% below the £18.7m market expectation, resulting in a range of £17.2m - £17.5m. 2. **Revenue (FY27)**: Targeted at £21m, reaffirming management's confidence in delayed opportunities converting. 3. **Adjusted EBITDA (FY26)**: Expected to be 15-18% below the £4.6m market expectation, resulting in a range of £3.9m - £4.1m. 4. **Cash and Cash Equivalents (FY26)**: Expected to be 3-5% above the £19.0m market expectation, resulting in a range of £19.5m - £19.9m. 5. **Debt Status**: The company maintains a debt-free balance sheet across both years. 6. **ARR**: Continued growth is expected in both FY26 and FY27 as part of the strategic shift to subscription-based models. This table provides a clear comparison of the key financial metrics and debt status for FY26 and FY27 based on the provided information.
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Trading Floor
2026-03-17
502
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49
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Price Movers 2026-03-17
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News Flow 502 items today
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2026-03-17 34 picks
93 Strong Beat
KCR
KCR Residential Reit PLC
Positive
Interim Results
**Summary of KCR Residential REIT PLC Interim Results for H1 2026** **Overview** KCR Residential REIT PLC, a UK-based residential REIT, reported unaudited consolidated results for the six months ending 31 December 2025. The period saw continued growth in core rental income, driven by improved performance at Deanery Court and incremental rental increases across the portfolio. Despite challenging operating conditions, including higher interest rates and inflationary pressures, the company made progress in optimizing asset performance and controlling costs. **Key Highlights** 1. **Revenue Growth**: - Revenue increased by 15% to £1,092k (H1 2024: £950k), primarily due to improved performance at Deanery Court and rental increases across the portfolio. - Deanery Court achieved an average occupancy of 86% (H1 2024: 66%), while the rest of the portfolio maintained strong occupancy (>97%). 2. **Operational Performance**: - Positive operating cash flow rose to £218k (H1 2024: £32k), the strongest outcome to date, reflecting the success of the business plan over the past five years. - Net cash used in operating activities reduced by 31% to £180k (H1 2024: £261k), despite higher finance costs. 3. **Cost Management**: - Inflationary pressures made cost reductions challenging, but costs were tightly controlled. - Cost-saving measures implemented during the period are expected to reduce administrative expenses and cost of sales in H2 2026. 4. **Strategic Focus**: - The company remains focused on optimizing existing assets, upgrading portfolio quality, exploring development opportunities, and controlling costs. - Lease expiries and tenant churn are actively managed to maximize rental income. 5. **Financial Performance**: - Gross profit increased by 16% to £841k (H1 2024: £723k), with a gross margin of 77% (H1 2024: 76.10%). - Operating profit before separately disclosed items was £76k (H1 2024: £798k), with the prior year benefiting from non-cash revaluation gains. - Loss for the period was £377k (H1 2024: £433k profit), primarily due to higher finance costs. 6. **Portfolio Updates**: - Refurbishment works at Heathside were completed, with two flats now being let. - The transition of Coleherne Road to a minimum six-month tenancy period was successfully completed, expected to stabilize income and reduce operating costs. - Planning submissions for Ladbroke Grove properties are pending, with a strategy to be formalized upon outcome. 7. **Cash Position**: - Cash balances at period-end were £0.43m (H1 2024: £0.47m), with ongoing efforts to achieve a cash-neutral position. **Challenges and Outlook** - Higher finance costs and inflationary pressures continue to challenge the company’s cash neutrality goal. - Tightness in debt markets and higher debt costs limit acquisition opportunities. - The company expects further improvements in operational performance and cost control over the next 12 months. **Conclusion** KCR Residential REIT PLC demonstrated resilience in H1 2026, achieving revenue growth and operational improvements despite a challenging environment. The company remains committed to its strategic objectives, focusing on asset optimization and cost management to drive long-term value for shareholders.
**Summary of KCR Residential REIT PLC Interim Results for H1 2026**
**Overview**
KCR Residential REIT PLC, a UK-based residential REIT, reported unaudited consolidated results for the six months ending 31 December 2025. The period saw continued growth in core rental income, driven by improved performance at Deanery Court and incremental rental increases across the portfolio. Despite challenging operating conditions, including higher interest rates and inflationary pressures, the company made progress in optimizing asset performance and controlling costs.
**Key Highlights**
1. **Revenue Growth**
Revenue increased by 15% to £1,092k (H1 2024: £950k), primarily due to improved performance at Deanery Court and rental increases across the portfolio.
Deanery Court achieved an average occupancy of 86% (H1 2024: 66%), while the rest of the portfolio maintained strong occupancy (>97%).
2. **Operational Performance**
Positive operating cash flow rose to £218k (H1 2024: £32k), the strongest outcome to date, reflecting the success of the business plan over the past five years.
Net cash used in operating activities reduced by 31% to £180k (H1 2024: £261k), despite higher finance costs.
3. **Cost Management**
Inflationary pressures made cost reductions challenging, but costs were tightly controlled.
Cost-saving measures implemented during the period are expected to reduce administrative expenses and cost of sales in H2 2026.
4. **Strategic Focus**
The company remains focused on optimizing existing assets, upgrading portfolio quality, exploring development opportunities, and controlling costs.
Lease expiries and tenant churn are actively managed to maximize rental income.
5. **Financial Performance**
Gross profit increased by 16% to £841k (H1 2024: £723k), with a gross margin of 77% (H1 2024: 76.10%).
Operating profit before separately disclosed items was £76k (H1 2024: £798k), with the prior year benefiting from non-cash revaluation gains.
Loss for the period was £377k (H1 2024£433k profit), primarily due to higher finance costs.
6. **Portfolio Updates**
Refurbishment works at Heathside were completed, with two flats now being let.
The transition of Coleherne Road to a minimum six-month tenancy period was successfully completed, expected to stabilize income and reduce operating costs.
Planning submissions for Ladbroke Grove properties are pending, with a strategy to be formalized upon outcome.
7. **Cash Position**
Cash balances at period-end were £0.43m (H1 2024: £0.47m), with ongoing efforts to achieve a cash-neutral position.
**Challenges and Outlook**
Higher finance costs and inflationary pressures continue to challenge the company’s cash neutrality goal.
Tightness in debt markets and higher debt costs limit acquisition opportunities.
The company expects further improvements in operational performance and cost control over the next 12 months.
**Conclusion**
KCR Residential REIT PLC demonstrated resilience in H1 2026, achieving revenue growth and operational improvements despite a challenging environment. The company remains committed to its strategic objectives, focusing on asset optimization and cost management to drive long-term value for shareholders.
Here’s an HTML table comparing the financials and debt year on year for KCR Residential REIT PLC based on the provided text:
MetricSix Months Ended 31 December 2025Six Months Ended 31 December 2024Year Ended 30 June 2025 (Audited)
Revenue£1,092,414£950,103£1,885,144
Gross Profit£841,184£722,850£1,466,098
Operating Profit Before Separately Disclosed Items£75,618£797,519£1,266,836
Operating Profit£12,024£713,529£990,013
(Loss)/Profit Before Taxation(£377,278)£432,596£327,641
(Loss)/Profit for the Period(£377,278)£432,596£327,641
Basic (Loss)/Profit per Share (pence)(0.91)1.040.79
Total Assets£27,500,041£27,136,724£27,310,839
Secured Bank Borrowings£14,561,215£13,904,324£14,135,965
Cash and Cash Equivalents£427,498£472,652£174,312
Net Asset Value per Share (pence)29.4530.6130.36
Net Cash Used in Operating Activities(£179,751)(£261,192)(£800,119)
### Key Observations: 1. **Revenue Growth**: Revenue increased by 15% year-on-year to £1,092,414 in the six months ended 31 December 2025, driven by improved performance at Deanery Court and rental increases across the portfolio. 2. **Profitability**: The company reported a loss of £377,278 in the six months ended 31 December 2025, compared to a profit of £432,596 in the same period in 2024, primarily due to higher finance costs and inflationary pressures. 3. **Debt Levels**: Secured bank borrowings increased to £14,561,215 in the six months ended 31 December 2025 from £13,904,324 in the same period in 2024. 4. **Cash Position**: Cash and cash equivalents decreased slightly to £427,498 in the six months ended 31 December 2025 from £472,652 in the same period in 2024. 5. **Net Asset Value**: Net asset value per share decreased to 29.45 pence in the six months ended 31 December 2025 from 30.61 pence in the same period in 2024. This table provides a clear comparison of key financial metrics and debt levels year on year.
09:04
Open Terminal ↗ RNS Source
80 Positive
BOKU
Boku Inc
Positive
Share Buyback Programme
**Summary:** Boku, Inc. (AIM: BOKU), a global network of Local Payment Methods (LPMs), announced on March 17, 2026, the launch of a share buyback programme. The companys board approved the repurchase of up to 4,000,000 common shares (approximately 5% of its issued common stock) to be held in Treasury. This decision is driven by the belief that the current share price undervalues the company, and the buyback represents a strategic use of its growing cash reserves while supporting long-term growth plans. The programme aims to minimize future shareholder dilution by using repurchased shares for warrant obligations or staff equity remuneration. Investec Bank plc will execute the buyback, adhering to pre-set parameters, including price limits based on market averages and independent trades. The programme will run from March 17, 2026, to September 30, 2026, or until the maximum number of shares is purchased. Due to limited trading liquidity, the buyback may represent a significant portion of daily trading volume, exempting the company from certain UK Market Abuse Regulation provisions. Boku, founded in 2008 and headquartered in London, provides merchants with access to over 7 billion consumer payment accounts worldwide through its network of payment methods. The company serves major technology, media, and entertainment firms, offering services like Direct Carrier Billing, Digital Wallets, and cross-border funds settlement.
**Summary**
Boku, Inc. (AIMBOKU), a global network of Local Payment Methods (LPMs), announced on March 17, 2026, the launch of a share buyback programme. The companys board approved the repurchase of up to 4,000,000 common shares (approximately 5% of its issued common stock) to be held in Treasury. This decision is driven by the belief that the current share price undervalues the company, and the buyback represents a strategic use of its growing cash reserves while supporting long-term growth plans. The programme aims to minimize future shareholder dilution by using repurchased shares for warrant obligations or staff equity remuneration.
Investec Bank plc will execute the buyback, adhering to pre-set parameters, including price limits based on market averages and independent trades. The programme will run from March 17, 2026, to September 30, 2026, or until the maximum number of shares is purchased. Due to limited trading liquidity, the buyback may represent a significant portion of daily trading volume, exempting the company from certain UK Market Abuse Regulation provisions.
Boku, founded in 2008 and headquartered in London, provides merchants with access to over 7 billion consumer payment accounts worldwide through its network of payment methods. The company serves major technology, media, and entertainment firms, offering services like Direct Carrier Billing, Digital Wallets, and cross-border funds settlement.
BuyBack
08:20
Open Terminal ↗ RNS Source
80 Positive
MEX
Tortilla Mexican Grill PLC
Positive
Tortilla-New Multi‑Aggregator Delivery Partnership
**Summary:** Tortilla Mexican Grill PLC, Europes largest fast-casual Mexican restaurant group, announced a new multi-aggregator delivery partnership with Deliveroo, Uber Eats, and Just Eat across its UK estate. This arrangement aims to broaden customer reach, improve service availability, and optimize delivery performance by operating across multiple platforms simultaneously, reducing reliance on any single delivery partner. The renewed partnership with Deliveroo leverages their established relationship, providing access to Deliveroos customer base, technology, and marketing capabilities. The Board expects this strategy to positively impact Group revenue in the current financial year, supporting Tortillas broader goals of balancing customer convenience, margin discipline, and operational control. The agreement aligns with Tortillas flexible, multi-platform delivery model, designed to maximize incremental demand while maintaining commercial and operational discipline. CEO Brandon Stephens emphasized the importance of delivery as a complementary channel, highlighting the partnerships role in enhancing customer convenience and long-term business economics. Deliveroos Chief Revenue Officer, Rob Harris, expressed excitement about the collaboration, focusing on reaching new customers and building loyalty through innovative initiatives. Tortilla, founded in 2007, operates 109 sites globally, with a strong emphasis on sustainability and quality, and is listed on the London Stock Exchange (LSE: MEX).
**Summary**
Tortilla Mexican Grill PLC, Europes largest fast-casual Mexican restaurant group, announced a new multi-aggregator delivery partnership with Deliveroo, Uber Eats, and Just Eat across its UK estate. This arrangement aims to broaden customer reach, improve service availability, and optimize delivery performance by operating across multiple platforms simultaneously, reducing reliance on any single delivery partner. The renewed partnership with Deliveroo leverages their established relationship, providing access to Deliveroos customer base, technology, and marketing capabilities. The Board expects this strategy to positively impact Group revenue in the current financial year, supporting Tortillas broader goals of balancing customer convenience, margin discipline, and operational control. The agreement aligns with Tortillas flexible, multi-platform delivery model, designed to maximize incremental demand while maintaining commercial and operational discipline. CEO Brandon Stephens emphasized the importance of delivery as a complementary channel, highlighting the partnerships role in enhancing customer convenience and long-term business economics. Deliveroos Chief Revenue Officer, Rob Harris, expressed excitement about the collaboration, focusing on reaching new customers and building loyalty through innovative initiatives. Tortilla, founded in 2007, operates 109 sites globally, with a strong emphasis on sustainability and quality, and is listed on the London Stock Exchange (LSE: MEX).
Partner
06:31
Open Terminal ↗ RNS Source
93 Strong Beat
SAG
Science Group plc
Positive
Audited Results for Year Ended 31 December 2025
**Summary of Science Group PLCs Audited Results for the Year Ended 31 December 2025** Science Group PLC, an international services and systems company, reported strong financial performance for the year ended 31 December 2025, despite volatile market conditions. Key highlights include: 1. **Financial Performance**: - **Revenue**: £111.7 million, slightly up from £110.7 million in 2024. - **Adjusted Operating Profit**: Record £23.1 million (2024: £21.5 million). - **Adjusted Basic Earnings Per Share (EPS)**: Record 40.2 pence (2024: 36.2 pence). - **Statutory Profit Before Tax**: Record £41.5 million (2024: £14.7 million), boosted by a £24.1 million pre-tax gain from corporate investment. - **Statutory Basic EPS**: Record 75.1 pence (2024: 26.5 pence). 2. **Corporate Activity**: - A pre-tax gain of £24.1 million from the successful investment in Ricardo plc, realized through a third-party acquisition offer. 3. **Balance Sheet and Cash Flow**: - **Cash**: Increased to £72.6 million (2024: £38.6 million). - **Net Funds**: £61.2 million (2024: £26.8 million). - **Cash Generated from Operations**: £31.8 million (2024: £21.8 million). 4. **Shareholder Returns**: - **Dividend**: Recommended 25% increase to 10.0 pence per share (2024: 8.0 pence). - **Share Buy-Back**: Increased to £10.7 million (2024: £5.0 million), with plans to continue at a similar level in 2026. 5. **Operational Highlights**: - **Sagentia Services Division**: Revenue of £71.5 million (2024: £72.2 million), with adjusted operating profit of £18.8 million (2024: £17.9 million) and margin improvement to 26.3%. - **Systems Businesses**: Revenue of £39.6 million (2024: £37.8 million) and adjusted operating profit of £6.6 million (2024: £5.8 million). - **CMS2**: Revenue of £26.4 million (2024: £25.9 million) with adjusted operating profit of £5.5 million (2024: £5.7 million). - **Frontier**: Revenue of £13.2 million (2024: £12.0 million) with adjusted operating profit of £1.1 million (2024: £0.1 million). 6. **Strategic Focus**: - Continued emphasis on margin, profitability, and cash conversion. - Integration of AI tools to enhance service propositions, particularly in Physical-AI and advisory services. 7. **Outlook**: - Pragmatic and conservative outlook due to geopolitical uncertainties, with a focus on resilience and value creation. - Strong balance sheet and cash resources position the Group for growth and shareholder returns. Science Group PLC demonstrated resilience and strategic agility in 2025, achieving record financial results while navigating challenging market conditions. The Group remains well-positioned for future growth and continued shareholder value creation.
**Summary of Science Group PLCs Audited Results for the Year Ended 31 December 2025**
Science Group PLC, an international services and systems company, reported strong financial performance for the year ended 31 December 2025, despite volatile market conditions. Key highlights include
1. **Financial Performance**
**Revenue**£111.7 million, slightly up from £110.7 million in 2024.
**Adjusted Operating Profit**Record £23.1 million (2024: £21.5 million).
**Adjusted Basic Earnings Per Share (EPS)**: Record 40.2 pence (2024: 36.2 pence).
**Statutory Profit Before Tax**Record £41.5 million (2024: £14.7 million), boosted by a £24.1 million pre-tax gain from corporate investment.
**Statutory Basic EPS**Record 75.1 pence (2024: 26.5 pence).
2. **Corporate Activity**
A pre-tax gain of £24.1 million from the successful investment in Ricardo plc, realized through a third-party acquisition offer.
3. **Balance Sheet and Cash Flow**
**Cash**Increased to £72.6 million (2024: £38.6 million).
**Net Funds**£61.2 million (2024: £26.8 million).
**Cash Generated from Operations**£31.8 million (2024: £21.8 million).
4. **Shareholder Returns**
**Dividend**Recommended 25% increase to 10.0 pence per share (2024: 8.0 pence).
**Share Buy-Back**Increased to £10.7 million (2024: £5.0 million), with plans to continue at a similar level in 2026.
5. **Operational Highlights**
**Sagentia Services Division**Revenue of £71.5 million (2024: £72.2 million), with adjusted operating profit of £18.8 million (2024: £17.9 million) and margin improvement to 26.3%.
**Systems Businesses**Revenue of £39.6 million (2024: £37.8 million) and adjusted operating profit of £6.6 million (2024: £5.8 million).
**CMS2**Revenue of £26.4 million (2024: £25.9 million) with adjusted operating profit of £5.5 million (2024: £5.7 million).
**Frontier**Revenue of £13.2 million (2024: £12.0 million) with adjusted operating profit of £1.1 million (2024: £0.1 million).
6. **Strategic Focus**
Continued emphasis on marginprofitabilityand cash conversion.
Integration of AI tools to enhance service propositions, particularly in Physical-AI and advisory services.
7. **Outlook**
Pragmatic and conservative outlook due to geopolitical uncertainties, with a focus on resilience and value creation.
Strong balance sheet and cash resources position the Group for growth and shareholder returns.
Science Group PLC demonstrated resilience and strategic agility in 2025, achieving record financial results while navigating challenging market conditions. The Group remains well-positioned for future growth and continued shareholder value creation.
Here’s an HTML table comparing the key financials and debt year-on-year for Science Group PLC based on the provided text:
Metric2024 (£ million)2025 (£ million)Change
Revenue110.7111.7+0.9% (₤1.0 million)
Adjusted Operating Profit21.523.1+7.4% (₤1.6 million)
Profit Before Tax14.741.5+182.3% (₤26.8 million)
Cash Generated from Operations21.831.8+45.9% (₤10.0 million)
Cash Balance38.672.6+88.1% (₤34.0 million)
Net Funds26.861.2+128.4% (₤34.4 million)
Borrowings (Term Loans)11.811.4-3.4% (₤0.4 million)
Revolving Credit Facility (Undrawn)00No Change
Dividend per Share (pence)8.010.0+25.0% (+2.0 pence)
Share Buy-Back (£ million)5.010.7+114.0% (₤5.7 million)
### Key Highlights: 1. **Revenue**: Marginal increase of 0.9% from £110.7 million in 2024 to £111.7 million in 2025. 2. **Adjusted Operating Profit**: Increased by 7.4% from £21.5 million to £23.1 million. 3. **Profit Before Tax**: Significant increase of 182.3% from £14.7 million to £41.5 million, primarily due to a £24.1 million gain from corporate investment. 4. **Cash and Net Funds**: Substantial increases in cash balance (+88.1%) and net funds (+128.4%), driven by strong operating cash flow and the corporate investment gain. 5. **Debt**: Term loans decreased slightly by 3.4%, while the Revolving Credit Facility remained undrawn. 6. **Shareholder Returns**: Dividend per share increased by 25% to 10.0 pence, and the share buy-back program more than doubled to £10.7 million. This table provides a clear comparison of the key financial metrics and debt position year-on-year.
06:02
Open Terminal ↗ RNS Source
80 Positive
PEBB
The Pebble Group PLC
Positive
Launch of Share Buyback Programme
**Summary:** The Pebble Group PLC, a leading provider of digital commerce and related services to the global promotional products industry, announced the launch of a share buyback programme on March 17, 2026. The programme, authorized by the Board, aims to repurchase up to £5.0 million worth of ordinary shares or a maximum of 16,112,332 shares, whichever limit is reached first. This initiative reflects the Boards confidence in the companys future value and its commitment to enhancing shareholder returns while maintaining focus on strategic investments. The buyback will be executed by Panmure Liberum Limited, acting as a "riskless" principal, with purchases made on the London Stock Exchange within pre-set parameters. The maximum price per share will not exceed 105% of the average middle market quotation over the preceding five business days, with a minimum price of £0.01. Purchased shares will be cancelled. The programme may account for a significant portion of daily trading volume due to limited liquidity in the shares, potentially exceeding 25% of average daily traded volume. It will terminate upon reaching the maximum amount, the conclusion of the 2026 AGM (if authority is not renewed), or by December 31, 2026, whichever occurs first. All purchases will be announced by 7:30 am (UK time) on the following business day. The company confirmed it has no inside information at the time of the announcement.
**Summary**
The Pebble Group PLC, a leading provider of digital commerce and related services to the global promotional products industry, announced the launch of a share buyback programme on March 17, 2026. The programme, authorized by the Board, aims to repurchase up to £5.0 million worth of ordinary shares or a maximum of 16,112,332 shares, whichever limit is reached first. This initiative reflects the Boards confidence in the companys future value and its commitment to enhancing shareholder returns while maintaining focus on strategic investments.
The buyback will be executed by Panmure Liberum Limited, acting as a "riskless" principal, with purchases made on the London Stock Exchange within pre-set parameters. The maximum price per share will not exceed 105% of the average middle market quotation over the preceding five business days, with a minimum price of £0.01. Purchased shares will be cancelled.
The programme may account for a significant portion of daily trading volume due to limited liquidity in the shares, potentially exceeding 25% of average daily traded volume. It will terminate upon reaching the maximum amount, the conclusion of the 2026 AGM (if authority is not renewed), or by December 31, 2026, whichever occurs first. All purchases will be announced by 7:30 am (UK time) on the following business day. The company confirmed it has no inside information at the time of the announcement.
Launch
06:01
Open Terminal ↗ RNS Source
80 Positive
TRST
Trustpilot Group PLC
Positive
Share Buyback Programme
**Summary:** Trustpilot Group plc announced a new share buyback programme valued at up to £22.5 million (approximately US$30 million), scheduled to commence immediately after the completion of its 2025 buyback programme. The initiative aligns with the company’s commitment to maintaining an efficient balance sheet and returning excess capital to shareholders. Deutsche Bank AG, London Branch (trading as Deutsche Numis), will manage the purchases on a non-discretionary basis, adhering to pre-set parameters and regulatory requirements. The shares will be purchased on the London Stock Exchange and other trading venues, with the sole purpose of reducing Trustpilot’s share capital through cancellation of the repurchased shares. The programme will operate within the authority granted by shareholders at the 2025 Annual General Meeting and, if approved, the 2026 Annual General Meeting, and will comply with EU and UK financial regulations. The buyback is expected to terminate by 31 December 2026 or upon reaching the maximum purchase limits. Trustpilot will disclose any share repurchases within seven trading days of occurrence. The company, founded in 2007, continues to grow its global presence with over 361 million reviews and 1,000 employees across multiple international offices.
**Summary**
Trustpilot Group plc announced a new share buyback programme valued at up to £22.5 million (approximately US$30 million), scheduled to commence immediately after the completion of its 2025 buyback programme. The initiative aligns with the company’s commitment to maintaining an efficient balance sheet and returning excess capital to shareholders. Deutsche Bank AG, London Branch (trading as Deutsche Numis), will manage the purchases on a non-discretionary basis, adhering to pre-set parameters and regulatory requirements. The shares will be purchased on the London Stock Exchange and other trading venues, with the sole purpose of reducing Trustpilot’s share capital through cancellation of the repurchased shares. The programme will operate within the authority granted by shareholders at the 2025 Annual General Meeting and, if approved, the 2026 Annual General Meeting, and will comply with EU and UK financial regulations. The buyback is expected to terminate by 31 December 2026 or upon reaching the maximum purchase limits. Trustpilot will disclose any share repurchases within seven trading days of occurrence. The company, founded in 2007, continues to grow its global presence with over 361 million reviews and 1,000 employees across multiple international offices.
BuyBack
06:01
Open Terminal ↗ RNS Source
80 Positive
IEM
Impax Environmental Markets PLC
Positive
Publication of Exit Tender Offer Circular
**Summary:** Impax Environmental Markets PLC (IEM) has published an Exit Tender Offer Circular, offering eligible shareholders the option to sell up to 100% of their ordinary shares at a tender price based on the final asset value. This decision follows the failure of the Continuation Tender Offer, which was launched in January 2026, due to Saba – the largest shareholder with 22.1% holding – not tendering its shares. The Board, after extensive engagement with shareholders, concluded that the Exit Tender Offer is the best solution to protect non-Saba shareholders from potential control by Saba, which does not align with IEMs environmental objectives. **Key Points:** 1. **Exit Tender Offer:** Shareholders can sell their shares for cash, with the tender price based on the final asset value of the tender pool. 2. **Reason for Offer:** Sabas refusal to tender shares in the Continuation Tender Offer led to its cancellation, prompting the Board to propose the Exit Tender Offer. 3. **Shareholder Approval:** The offer requires approval from over 50% of voting shareholders at the General Meeting on April 16, 2026. 4. **Director Support:** All directors intend to vote in favor of the offer and tender their shares, emphasizing their belief in its fairness. 5. **Timeline:** The offer opens on March 17, 2026, with a closing date of April 17, 2026. Payments are expected by the end of May 2026. 6. **Risks:** Shareholders remaining post-offer may face a Saba-controlled company, with potential changes to strategy and objectives. 7. **Regulatory Notes:** The offer is not available in certain jurisdictions (e.g., Canada, Japan, South Africa) and has specific conditions for U.S. and New Zealand shareholders. **Conclusion:** The Exit Tender Offer aims to provide shareholders with an exit option at close to net asset value, addressing concerns over Sabas influence. Shareholders are urged to review the Circular and participate in the General Meeting to vote on the proposal. The outcome will significantly impact IEMs future structure and shareholder base.
**Summary**
Impax Environmental Markets PLC (IEM) has published an Exit Tender Offer Circular, offering eligible shareholders the option to sell up to 100% of their ordinary shares at a tender price based on the final asset value. This decision follows the failure of the Continuation Tender Offer, which was launched in January 2026, due to Saba – the largest shareholder with 22.1% holding – not tendering its shares. The Board, after extensive engagement with shareholders, concluded that the Exit Tender Offer is the best solution to protect non-Saba shareholders from potential control by Saba, which does not align with IEMs environmental objectives.
**Key Points**
1. **Exit Tender Offer** Shareholders can sell their shares for cash, with the tender price based on the final asset value of the tender pool.
2. **Reason for Offer** Sabas refusal to tender shares in the Continuation Tender Offer led to its cancellation, prompting the Board to propose the Exit Tender Offer.
3. **Shareholder Approval** The offer requires approval from over 50% of voting shareholders at the General Meeting on April 16, 2026.
4. **Director Support** All directors intend to vote in favor of the offer and tender their shares, emphasizing their belief in its fairness.
5. **Timeline** The offer opens on March 17, 2026, with a closing date of April 17, 2026. Payments are expected by the end of May 2026.
6. **Risks** Shareholders remaining post-offer may face a Saba-controlled company, with potential changes to strategy and objectives.
7. **Regulatory Notes** The offer is not available in certain jurisdictions (e.g., Canada, Japan, South Africa) and has specific conditions for U.S. and New Zealand shareholders.
**Conclusion**
The Exit Tender Offer aims to provide shareholders with an exit option at close to net asset value, addressing concerns over Sabas influence. Shareholders are urged to review the Circular and participate in the General Meeting to vote on the proposal. The outcome will significantly impact IEMs future structure and shareholder base.
Offers
06:01
Open Terminal ↗ RNS Source
80 Positive
CRTX
CRISM Therapeutics Corporation
Positive
Awarding of Orphan Drug Designation by the FDA
**Summary:** CRISM Therapeutics Corporation announced on March 17, 2026, that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation (ODD) to irinotecan for the treatment of malignant glioma, including all high-grade (Grade III and IV) gliomas. This designation is a significant regulatory and commercial milestone, providing incentives such as seven years of U.S. market exclusivity, tax credits for clinical trials, and exemption from FDA application fees. The ODD complements CRISM’s previously granted Innovation Passport for its ChemoSeed™ platform by the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) under the Innovative Licensing and Access Pathway (ILAP). These designations strengthen the development and commercial potential of the irinotecan-ChemoSeed program, positioning it for streamlined global regulatory development, including potential participation in international collaborative review programs like Project Orbis. CRISM’s Chief Scientific Officer, Professor Chris McConville, highlighted the strategic importance of these achievements in advancing the company’s oncology assets to address unmet medical needs. The company remains focused on its registration-grade Phase 2 clinical trial of Irinotecan ChemoSeed for surgically resectable glioblastoma.
**Summary**
CRISM Therapeutics Corporation announced on March 17, 2026, that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation (ODD) to irinotecan for the treatment of malignant glioma, including all high-grade (Grade III and IV) gliomas. This designation is a significant regulatory and commercial milestone, providing incentives such as seven years of U.S. market exclusivity, tax credits for clinical trials, and exemption from FDA application fees. The ODD complements CRISM’s previously granted Innovation Passport for its ChemoSeed™ platform by the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) under the Innovative Licensing and Access Pathway (ILAP). These designations strengthen the development and commercial potential of the irinotecan-ChemoSeed program, positioning it for streamlined global regulatory development, including potential participation in international collaborative review programs like Project Orbis. CRISM’s Chief Scientific Officer, Professor Chris McConville, highlighted the strategic importance of these achievements in advancing the company’s oncology assets to address unmet medical needs. The company remains focused on its registration-grade Phase 2 clinical trial of Irinotecan ChemoSeed for surgically resectable glioblastoma.
FDA
06:01
Open Terminal ↗ RNS Source
80 Positive
LIT
Litigation Capital Management Limited
Positive
Judgment Delivered in Commercial Litigation Claim
**Summary:** Litigation Capital Management Limited (LCM), an alternative asset manager specializing in dispute financing, announced on March 17, 2026, that an Australian Court has delivered a judgment in a commercial litigation claim it funded. The court ruled against LCMs funded party in a case where LCM had invested A$1.4 million in shareholder capital. The company had previously anticipated this judgment on March 11, 2026. LCM has an After-the-Event (ATE) insurance policy in place to mitigate adverse costs risks. The company is currently reviewing the judgment and evaluating next steps with the funded party and legal representatives. The announcement contains inside information disclosed in compliance with the Market Abuse Regulation.
**Summary**
Litigation Capital Management Limited (LCM), an alternative asset manager specializing in dispute financing, announced on March 17, 2026, that an Australian Court has delivered a judgment in a commercial litigation claim it funded. The court ruled against LCMs funded party in a case where LCM had invested A$1.4 million in shareholder capital. The company had previously anticipated this judgment on March 11, 2026. LCM has an After-the-Event (ATE) insurance policy in place to mitigate adverse costs risks. The company is currently reviewing the judgment and evaluating next steps with the funded party and legal representatives. The announcement contains inside information disclosed in compliance with the Market Abuse Regulation.
Litigation
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93 Strong Beat
ZTF
Zotefoams PLC
Positive
Preliminary Results
**Summary of Zotefoams PLC Preliminary Results for the Year Ended 31 December 2025** Zotefoams PLC, a global leader in high-performance foams, reported strong preliminary results for FY2025, marked by record profitability and continued growth. Key financial highlights include: - **Revenue Growth**: Revenue increased by 7.2% to £158.5 million, driven by strong performance across key markets, particularly in Consumer & Lifestyle and Transport & Smart Technologies. - **Profitability**: Adjusted operating profit rose by 26% to £22.8 million, with adjusted profit before tax up 39% to £21.2 million. Adjusted Basic EPS increased by 46% to 38.0p. - **Cash Generation**: Cash generated from operations increased by 31% to £39.7 million, supporting strategic investments and a strong balance sheet. - **Dividend**: A 5% increase in the final dividend to 5.35p per share was proposed, reflecting confidence in future prospects. Strategically, Zotefoams made significant progress in its **Expanding Beyond the Core** strategy, including: - **Acquisition of OKC**: Completed the acquisition of Overseas Konstellation Company S.A. (OKC), enhancing European market presence and product capabilities. - **Geographic Expansion**: Advanced construction of a new manufacturing facility in Vietnam and established an Innovation Centre in Korea. - **Innovation Focus**: Sharpened innovation efforts, aligning R&D with market verticals and customer needs. Operationally, the company focused on execution, efficiency, and margin improvement, with a balanced growth approach across markets. The integration of OKC is progressing well, contributing to revenue growth and strategic optionality. Looking ahead, Zotefoams aims to achieve **organic growth of 7% CAGR** by FY2029, targeting revenue of over £230 million and operating profit of over £40 million. Longer-term ambitions include revenues exceeding £300 million and operating profit over £60 million, supported by both organic and inorganic growth strategies. Despite macroeconomic and geopolitical uncertainties, Zotefoams remains confident in its ability to navigate challenges, supported by a clear strategy, strengthened leadership, and a robust financial position. The company is well-positioned to deliver sustainable growth and long-term value for stakeholders.
**Summary of Zotefoams PLC Preliminary Results for the Year Ended 31 December 2025**
Zotefoams PLC, a global leader in high-performance foams, reported strong preliminary results for FY2025, marked by record profitability and continued growth. Key financial highlights include
**Revenue Growth**Revenue increased by 7.2% to £158.5 million, driven by strong performance across key markets, particularly in Consumer & Lifestyle and Transport & Smart Technologies.
**Profitability**Adjusted operating profit rose by 26% to £22.8 million, with adjusted profit before tax up 39% to £21.2 million. Adjusted Basic EPS increased by 46% to 38.0p.
**Cash Generation**Cash generated from operations increased by 31% to £39.7 million, supporting strategic investments and a strong balance sheet.
**Dividend**A 5% increase in the final dividend to 5.35p per share was proposed, reflecting confidence in future prospects.
Strategically, Zotefoams made significant progress in its **Expanding Beyond the Core** strategy, including
**Acquisition of OKC**Completed the acquisition of Overseas Konstellation Company S.A. (OKC), enhancing European market presence and product capabilities.
**Geographic Expansion**Advanced construction of a new manufacturing facility in Vietnam and established an Innovation Centre in Korea.
**Innovation Focus**Sharpened innovation efforts, aligning R&D with market verticals and customer needs.
Operationally, the company focused on execution, efficiency, and margin improvement, with a balanced growth approach across markets. The integration of OKC is progressing well, contributing to revenue growth and strategic optionality.
Looking ahead, Zotefoams aims to achieve **organic growth of 7% CAGR** by FY2029, targeting revenue of over £230 million and operating profit of over £40 million. Longer-term ambitions include revenues exceeding £300 million and operating profit over £60 million, supported by both organic and inorganic growth strategies.
Despite macroeconomic and geopolitical uncertainties, Zotefoams remains confident in its ability to navigate challenges, supported by a clear strategy, strengthened leadership, and a robust financial position. The company is well-positioned to deliver sustainable growth and long-term value for stakeholders.
Here is the HTML table code comparing the financials and debt year on year for Zotefoams PLC:
Metric2025 (£m)2024 (£m)Change
Revenue158.5147.87.2%
Gross Profit52.946.114.8%
Adjusted Operating Profit22.818.126.0%
Adjusted Operating Margin14.4%12.2%220bps
Adjusted Profit before Tax21.215.339%
Cash generated from operations39.730.431%
Net debt (Covenant Basis)31.524.131%
Net debt (IFRS)43.033.030%
Leverage ratio0.80.9(11%)
**Key Observations:** * **Revenue and Profit Growth:** Zotefoams PLC experienced significant growth in revenue (7.2%) and adjusted profit before tax (39%) in 2025 compared to 2024. * **Improved Cash Flow:** Cash generated from operations increased by 31%, indicating stronger liquidity. * **Increased Debt:** Net debt increased on both covenant and IFRS bases, likely due to financing acquisitions and investments. * **Improved Leverage:** Despite higher debt, the leverage ratio improved, suggesting better debt management.
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93 Strong Beat
MAB1
Mortgage Advice
Positive
Final Results
**Summary of Mortgage Advice Bureau (Holdings) PLC Final Results for the Year Ended 31 December 2025** **Financial Performance Highlights:** - **Revenue Growth:** Revenue increased by 19.6% to £318.8 million in 2025, up from £266.5 million in 2024, driven by strong performance across all income streams. - **Adjusted Diluted EPS:** Adjusted diluted earnings per share (EPS) rose by 13.5% to 44.5p, compared to 39.2p in 2024. - **Market Share Stability:** Market share of new mortgage lending remained stable at 8.4%, while the market share of Product Transfers increased to 3.0% from 2.7% in 2024. - **Adviser Network Growth:** The number of mainstream advisers increased by 10% to 2,135, with 65% of this growth coming from organic expansion within the existing network. - **Revenue per Adviser:** Revenue per mainstream adviser grew by 13% to £157,000, reflecting improved productivity and efficiency. - **Net Debt Reduction:** Net debt decreased to £3.3 million from £9.7 million in 2024, with leverage reducing to 0.1x from 0.3x. **Operational and Strategic Achievements:** - **Technology and AI Integration:** The company is leveraging data, digital tools, and AI to deepen relationships with introducers, lenders, and consumers, enhancing lead flow and customer retention. - **Proprietary Platform:** The proprietary platform connects customer data, adviser workflows, and automation, reducing administrative burdens and allowing advisers to focus on customer service. - **Strategic Partnerships and M&A:** MAB is building new strategic partnerships and pursuing selective M&A to expand its role in the home-moving process and broaden its proposition. - **Sustainability Progress:** The company made strides in sustainability, including the installation of a solar PV system and the development of a decarbonisation strategy aligned with the Science Based Targets initiative (SBTi). **Market Trends and Outlook:** - **Mortgage Lending Stability:** UK mortgage lending increased by 19% to £548 billion in 2025, with refinancing lending accelerating in the second half due to maturing fixed-rate mortgages. - **Purchase Lending Growth:** Purchase lending grew by 21% to £189 billion, supported by strong lender appetite and a resilient underlying demand. - **Refinancing Opportunities:** The company expects refinancing volumes to continue building in 2026, supported by higher fixed-rate maturities and a shift in product preferences. - **Protection Market Focus:** MAB is increasing its focus on protection advice, aiming to address the UKs protection gap and provide recurring revenue streams. **Leadership and Governance:** - **Main Market Listing:** The Board intends to move to the ESCC listing category of the Main Market of the London Stock Exchange in Q2 2026, subject to FCA approval. - **Dividend Policy:** The company maintained its dividend policy, proposing a final dividend of 15.3p per share, a 3.4% increase from the previous year. **Conclusion:** Mortgage Advice Bureau (Holdings) PLC delivered a strong performance in 2025, with significant growth in revenue, EPS, and adviser productivity. The company continues to enhance its technology-driven platform, expand its market reach, and pursue strategic initiatives to drive sustainable growth. Despite macroeconomic uncertainties, MAB remains well-positioned to capitalize on refinancing opportunities and protection market potential, supported by its integrated platform and data-driven approach.
**Summary of Mortgage Advice Bureau (Holdings) PLC Final Results for the Year Ended 31 December 2025**
**Financial Performance Highlights**
**Revenue Growth** Revenue increased by 19.6% to £318.8 million in 2025, up from £266.5 million in 2024, driven by strong performance across all income streams.
**Adjusted Diluted EPS** Adjusted diluted earnings per share (EPS) rose by 13.5% to 44.5p, compared to 39.2p in 2024.
**Market Share Stability** Market share of new mortgage lending remained stable at 8.4%, while the market share of Product Transfers increased to 3.0% from 2.7% in 2024.
**Adviser Network Growth** The number of mainstream advisers increased by 10% to 2,135, with 65% of this growth coming from organic expansion within the existing network.
**Revenue per Adviser** Revenue per mainstream adviser grew by 13% to £157,000, reflecting improved productivity and efficiency.
**Net Debt Reduction** Net debt decreased to £3.3 million from £9.7 million in 2024, with leverage reducing to 0.1x from 0.3x.
**Operational and Strategic Achievements**
**Technology and AI Integration** The company is leveraging data, digital tools, and AI to deepen relationships with introducers, lenders, and consumers, enhancing lead flow and customer retention.
**Proprietary Platform** The proprietary platform connects customer data, adviser workflows, and automation, reducing administrative burdens and allowing advisers to focus on customer service.
**Strategic Partnerships and M&A** MAB is building new strategic partnerships and pursuing selective M&A to expand its role in the home-moving process and broaden its proposition.
**Sustainability Progress** The company made strides in sustainability, including the installation of a solar PV system and the development of a decarbonisation strategy aligned with the Science Based Targets initiative (SBTi).
**Market Trends and Outlook**
**Mortgage Lending Stability** UK mortgage lending increased by 19% to £548 billion in 2025, with refinancing lending accelerating in the second half due to maturing fixed-rate mortgages.
**Purchase Lending Growth** Purchase lending grew by 21% to £189 billion, supported by strong lender appetite and a resilient underlying demand.
**Refinancing Opportunities** The company expects refinancing volumes to continue building in 2026, supported by higher fixed-rate maturities and a shift in product preferences.
**Protection Market Focus** MAB is increasing its focus on protection advice, aiming to address the UKs protection gap and provide recurring revenue streams.
**Leadership and Governance**
**Main Market Listing** The Board intends to move to the ESCC listing category of the Main Market of the London Stock Exchange in Q2 2026, subject to FCA approval.
**Dividend Policy** The company maintained its dividend policy, proposing a final dividend of 15.3p per share, a 3.4% increase from the previous year.
**Conclusion**
Mortgage Advice Bureau (Holdings) PLC delivered a strong performance in 2025, with significant growth in revenue, EPS, and adviser productivity. The company continues to enhance its technology-driven platform, expand its market reach, and pursue strategic initiatives to drive sustainable growth. Despite macroeconomic uncertainties, MAB remains well-positioned to capitalize on refinancing opportunities and protection market potential, supported by its integrated platform and data-driven approach.
Here is the HTML table code comparing the financials and debt year on year for Mortgage Advice Bureau (Holdings) PLC:
Metric20252024Change
Revenue£318.8m£266.5m+19.6%
Gross Profit£91.9m£77.0m+19.5%
Admin Expenses£56.2m£45.6m+23.3%
Adjusted PBT£36.3m£32.0m+13.3%
Statutory PBT£22.1m£22.9m-3.4%
Adjusted Diluted EPS44.5p39.2p+13.5%
Net Debt(£3.3m)(£9.7m)+£6.4m
Leverage0.1x0.3x-0.2x
**Key Observations:** - Revenue increased by 19.6% from £266.5m in 2024 to £318.8m in 2025. - Gross profit increased by 19.5% from £77.0m in 2024 to £91.9m in 2025. - Admin expenses increased by 23.3% from £45.6m in 2024 to £56.2m in 2025. - Adjusted PBT increased by 13.3% from £32.0m in 2024 to £36.3m in 2025. - Statutory PBT decreased by 3.4% from £22.9m in 2024 to £22.1m in 2025. - Adjusted diluted EPS increased by 13.5% from 39.2p in 2024 to 44.5p in 2025. - Net debt decreased by £6.4m from -£9.7m in 2024 to -£3.3m in 2025. - Leverage decreased from 0.3x in 2024 to 0.1x in 2025. This table provides a concise comparison of key financial metrics and debt levels for Mortgage Advice Bureau (Holdings) PLC between 2024 and 2025.
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93 Strong Beat
FNTL
Fintel PLC
Positive
Full Year Results
**Summary of Fintel PLCs Full Year Results for 2025** Fintel PLC, a leading provider of fintech and support services to the UK retail financial services sector, reported strong financial performance and strategic progress for the year ended 31 December 2025. Key highlights include: ### **Financial Performance** - **Revenue Growth**: Revenue increased by 10% to £85.9 million (FY24: £78.3 million), supported by £7.0 million in inorganic growth from acquisitions. - **SaaS & Subscription Revenue**: Grew by 9.6% to £48.7 million, representing 57% of total revenues, highlighting the strength of recurring revenue streams. - **Adjusted EBITDA**: Increased by 16.6% to £25.9 million, driven by successful acquisitions and new proposition launches. - **EBITDA Margin**: Improved to 30.1% (FY24: 28.3%), with acquired businesses contributing more as integration progressed. - **Adjusted EPS**: Rose to 13.7 pence per share (FY24: 13.2 pence per share). - **Net Debt**: Increased to £31.1 million (FY24: £25.3 million) due to strategic investments, with a comfortable leverage ratio of 1.2x. - **Dividend**: Proposed final dividend of 2.5 pence per share, resulting in a full-year dividend of 3.8 pence per share, a 4.1% increase. ### **Strategic and Operational Highlights** - **Organisational Transformation**: Consolidated from three divisions into two (Fintel Services and Fintel Software & Data) with new leadership appointments. - **Operational Leverage**: Integrated acquired businesses into unified product lines, enhanced scalability, and improved cross-selling opportunities through a single CRM view. - **Technology and Platform Investment**: Accelerated development of digital and AI-enabled compliance tools, scaled the Matrix360 market intelligence platform, and launched the Omnicore whole-of-market distribution platform. - **Data Advantage**: Strengthened through acquisitions like Rayner Spencer Mills Research (RSMR) and increased stake in Plannr Technologies, enhancing proprietary data capabilities. - **Acquisitions**: Completed the acquisition of RSMR for £6.4 million and Pearson Ham Groups market pricing data business in January 2026 for £11.0 million. ### **Current Trading and Outlook** - **Strong Start to FY26**: Trading in line with Board expectations, supported by high recurring revenues and a simplified operating structure. - **Growth Drivers**: Increasing demand for technology, data, and regulatory support in the UK retail financial services sector; further integration of technology and services; strengthened balance sheet for organic growth and acquisitions. - **Acquisition Impact**: Pearson Ham Groups acquisition enhances pricing intelligence and is expected to be earnings accretive in its first full year. ### **Leadership and Governance** - **CEO Transition**: Matt Timmins assumed sole responsibility as CEO, with Neil Stevens stepping down in June 2025. - **Board Strengthening**: Appointed Ian Pickford as Independent Non-Executive Director and Chair of Remuneration and Nomination Committees. ### **Conclusion** Fintel PLC demonstrated resilience and strategic focus in 2025, achieving strong financial results and advancing its position as a key player in the UK retail financial services sector. With a simplified structure, robust recurring revenues, and a clear strategic direction, the company is well-positioned for continued growth and value creation in 2026.
**Summary of Fintel PLCs Full Year Results for 2025**
Fintel PLC, a leading provider of fintech and support services to the UK retail financial services sector, reported strong financial performance and strategic progress for the year ended 31 December 2025. Key highlights include
### **Financial Performance**
**Revenue Growth**Revenue increased by 10% to £85.9 million (FY24: £78.3 million), supported by £7.0 million in inorganic growth from acquisitions.
**SaaS & Subscription Revenue**Grew by 9.6% to £48.7 million, representing 57% of total revenues, highlighting the strength of recurring revenue streams.
**Adjusted EBITDA**Increased by 16.6% to £25.9 million, driven by successful acquisitions and new proposition launches.
**EBITDA Margin**Improved to 30.1% (FY24: 28.3%), with acquired businesses contributing more as integration progressed.
**Adjusted EPS**Rose to 13.7 pence per share (FY24: 13.2 pence per share).
**Net Debt**Increased to £31.1 million (FY24: £25.3 million) due to strategic investments, with a comfortable leverage ratio of 1.2x.
**Dividend**Proposed final dividend of 2.5 pence per share, resulting in a full-year dividend of 3.8 pence per share, a 4.1% increase.
### **Strategic and Operational Highlights**
**Organisational Transformation**Consolidated from three divisions into two (Fintel Services and Fintel Software & Data) with new leadership appointments.
**Operational Leverage**Integrated acquired businesses into unified product lines, enhanced scalability, and improved cross-selling opportunities through a single CRM view.
**Technology and Platform Investment**Accelerated development of digital and AI-enabled compliance tools, scaled the Matrix360 market intelligence platform, and launched the Omnicore whole-of-market distribution platform.
**Data Advantage**Strengthened through acquisitions like Rayner Spencer Mills Research (RSMR) and increased stake in Plannr Technologies, enhancing proprietary data capabilities.
**Acquisitions**Completed the acquisition of RSMR for £6.4 million and Pearson Ham Groups market pricing data business in January 2026 for £11.0 million.
### **Current Trading and Outlook**
**Strong Start to FY26**Trading in line with Board expectations, supported by high recurring revenues and a simplified operating structure.
**Growth Drivers**Increasing demand for technology, data, and regulatory support in the UK retail financial services sector
further integration of technology and services
strengthened balance sheet for organic growth and acquisitions.
**Acquisition Impact**Pearson Ham Groups acquisition enhances pricing intelligence and is expected to be earnings accretive in its first full year.
### **Leadership and Governance**
**CEO Transition**Matt Timmins assumed sole responsibility as CEO, with Neil Stevens stepping down in June 2025.
**Board Strengthening**Appointed Ian Pickford as Independent Non-Executive Director and Chair of Remuneration and Nomination Committees.
### **Conclusion**
Fintel PLC demonstrated resilience and strategic focus in 2025, achieving strong financial results and advancing its position as a key player in the UK retail financial services sector. With a simplified structure, robust recurring revenues, and a clear strategic direction, the company is well-positioned for continued growth and value creation in 2026.
Here is the HTML table code comparing Fintel's financials and debt year on year:
Metric20242025Change
Revenue£78.3m£85.9m+10%
SaaS & Subscription Revenue£44.4m£48.7m+9.6%
Adjusted EBITDA£22.2m£25.9m+16.6%
EBITDA Margin28.3%30.1%+180 bps
Net Debt£25.3m£31.1m+22.9%
Cash Balance£6.3m£17.3m+175%
Dividend per Share3.65p3.80p+4.1%
**Key Observations:** * **Revenue Growth:** Fintel's revenue increased by 10% from £78.3m in 2024 to £85.9m in 2025, driven by inorganic growth and strong performance in SaaS & Subscription revenue. * **EBITDA Improvement:** Adjusted EBITDA grew by 16.6% to £25.9m, with EBITDA margin expanding by 180 basis points to 30.1%, indicating improved operational efficiency. * **Debt Increase:** Net debt increased by 22.9% to £31.1m, primarily due to strategic acquisitions and investments. * **Cash Position Strengthened:** Cash balance significantly increased from £6.3m to £17.3m, providing more financial flexibility. * **Dividend Growth:** Dividend per share increased by 4.1% to 3.80p, reflecting the company's strong performance and commitment to shareholder returns.
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93 Strong Beat
BOKU
Boku Inc
Positive
2025 Full Year Results
**Summary of Boku, Inc. 2025 Full Year Results** Boku, Inc. reported strong financial and operational performance for the year ended December 31, 2025, driven by diversification, scale, and financial strength. Key highlights include: ### **Financial Highlights** - **Revenue Growth**: Total revenue increased by 30% to $128.8 million, driven by strong growth in Digital Wallets & Account-to-Account (A2A) (+67% to $43.5 million) and Bundling (+71% to $14.9 million). Direct Carrier Billing (DCB) grew by 9% to $70.4 million. - **Adjusted EBITDA**: Increased by 36% to $41.3 million, with a margin of 32.1%, up from 30.5% in 2024. - **Operating Profit**: Surged by 205% to $18.9 million, reflecting efficient scaling. - **Cash Position**: Group cash grew by 39% to $245.6 million, with own cash increasing by 28% to $102.9 million. The company remains debt-free. ### **Operational Highlights** - **Monthly Active Users (MAU)**: Increased by 31% to 114.4 million in December 2025. - **Total Payment Volume (TPV)**: Grew by 27% to $15.7 billion. - **Payment Connections**: Delivered 132 new payment connections, enabling broader consumer access. - **Bundling Product**: Helped merchants acquire millions of new subscribers, contributing significantly to revenue growth. ### **Strategic Progress** - **Diversification**: Non-DCB products now account for 45% of total revenue, up from 35% in 2024. - **Regulatory Expansion**: Secured Payment Institution authorization in Brazil, cross-border product approval in India, and Payment Initiation Service Provider authorization in the UK. - **Innovation**: Launched an Innovation Hub in Singapore to develop new payment capabilities, including payouts and stablecoin. - **Operational Efficiency**: Invested in automation and AI to improve scalability and reduce friction in the payment journey. ### **Outlook** - **Medium-Term Guidance**: Unchanged, with expected organic revenue growth exceeding 20% CAGR and adjusted EBITDA margin <mark style="background-color:yellow">above</mark> 30%. - **Strategic Focus**: Deepening merchant partnerships, diversifying revenues, driving scalability, and building a future-ready platform with AI integration. ### **Leadership and Governance** - **Board Changes**: Jon Prideaux stepped down as a Non-Executive Director. Richard Pennycook assumed the role of Chair, emphasizing governance, resilience, and operational discipline. - **People and Culture**: Focus on talent development, diversity, and succession planning to support growth. ### **CEO Commentary** Stuart Neal, CEO, highlighted Bokus position at the center of the shift towards Local Payment Methods (LPMs), emphasizing the companys role as a growth partner for global merchants. He underscored the companys momentum, clear strategy, and strong financial position for long-term growth. ### **Conclusion** Bokus 2025 results demonstrate robust growth, strategic diversification, and operational excellence, positioning the company well for continued expansion in the evolving global payments landscape.
**Summary of BokuInc. 2025 Full Year Results**
Boku, Inc. reported strong financial and operational performance for the year ended December 31, 2025, driven by diversification, scale, and financial strength. Key highlights include
### **Financial Highlights**
**Revenue Growth**Total revenue increased by 30% to $128.8 million, driven by strong growth in Digital Wallets & Account-to-Account (A2A) (+67% to $43.5 million) and Bundling (+71% to $14.9 million). Direct Carrier Billing (DCB) grew by 9% to $70.4 million.
**Adjusted EBITDA**Increased by 36% to $41.3 million, with a margin of 32.1%, up from 30.5% in 2024.
**Operating Profit**Surged by 205% to $18.9 million, reflecting efficient scaling.
**Cash Position**Group cash grew by 39% to $245.6 million, with own cash increasing by 28% to $102.9 million. The company remains debt-free.
### **Operational Highlights**
**Monthly Active Users (MAU)**Increased by 31% to 114.4 million in December 2025.
**Total Payment Volume (TPV)**Grew by 27% to $15.7 billion.
**Payment Connections**Delivered 132 new payment connections, enabling broader consumer access.
**Bundling Product**Helped merchants acquire millions of new subscribers, contributing significantly to revenue growth.
### **Strategic Progress**
**Diversification**Non-DCB products now account for 45% of total revenue, up from 35% in 2024.
**Regulatory Expansion**Secured Payment Institution authorization in Brazil, cross-border product approval in India, and Payment Initiation Service Provider authorization in the UK.
**Innovation**Launched an Innovation Hub in Singapore to develop new payment capabilities, including payouts and stablecoin.
**Operational Efficiency**Invested in automation and AI to improve scalability and reduce friction in the payment journey.
### **Outlook**
**Medium-Term Guidance**Unchanged, with expected organic revenue growth exceeding 20% CAGR and adjusted EBITDA margin <mark style="background-color:yellow">above</mark> 30%.
**Strategic Focus**Deepening merchant partnerships, diversifying revenues, driving scalability, and building a future-ready platform with AI integration.
### **Leadership and Governance**
**Board Changes**Jon Prideaux stepped down as a Non-Executive Director. Richard Pennycook assumed the role of Chair, emphasizing governance, resilience, and operational discipline.
**People and Culture**Focus on talent development, diversity, and succession planning to support growth.
### **CEO Commentary**
Stuart Neal, CEO, highlighted Bokus position at the center of the shift towards Local Payment Methods (LPMs), emphasizing the companys role as a growth partner for global merchants. He underscored the companys momentum, clear strategy, and strong financial position for long-term growth.
### **Conclusion**
Bokus 2025 results demonstrate robust growth, strategic diversification, and operational excellence, positioning the company well for continued expansion in the evolving global payments landscape.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Movement
Total Group Revenue ($'m)99.3128.8+30%
Adjusted EBITDA ($'m)30.341.3+36%
Adjusted EBITDA margin (%)30.5%32.1%+1.6pp
Operating Profit ($'m)6.218.9+205%
Group Cash ($'m)177.3245.6+39%
Own Cash ($'m)80.2102.9+28%
Monthly Active Users (m)87.1114.4+31%
Total Payment Volume ($bn)12.415.7+27%
Blended Take Rate (bps)8082+2bps

Debt: The company remains debt-free in both years.

This table compares key financial metrics and debt status for Boku, Inc. between 2024 and 2025, showing significant growth in revenue, profitability, cash position, and operational metrics, while maintaining a debt-free status.
06:01
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93 Strong Beat
IPO
IP Group
Positive
IP Group plc 2025 Annual Results Release
**Summary of IP Group PLC 2025 Annual Results:** IP Group PLC, a UK-based science and technology investor, reported its 2025 annual results, highlighting significant growth and strategic achievements. Key points include: 1. **Financial Performance:** - **Net Asset Value (NAV) per share** increased by 13% to 110.4p, with a closing NAV of £975.1 million. - **Profit for the year** was £66.9 million, a significant improvement from a loss of £207.0 million in 2024. - **Total portfolio value** rose to £908.1 million, up from £852.1 million in 2024. 2. **Portfolio Highlights:** - **Pfizers acquisition of Metsera** contributed £128.2 million in discounted future royalty and milestone income, significantly boosting NAV. - **Hinge Health** successfully IPOed on the NYSE, generating £18.4 million in proceeds in 2025 and an additional £16.8 million in early 2026, representing a 53x return on investment. - **Monolith AI** was acquired by CoreWeave, Inc., with initial proceeds of £3.4 million and further deferred proceeds expected in 2026. - **Portfolio companies raised £914 million** in total capital, a 17% increase from 2024, with notable fundraisings by Artios, Oxa, and Lumai. 3. **Strategic Initiatives:** - **Focus on funds under management:** Raised £29.0 million in third-party funds, with total third-party AUM at £557 million. - **Launched Northern Universities Venture Fund** in collaboration with Parkwalk and Northern Gritstone. - **Partnership with Aberdeen** to manage a portfolio of early-stage and growth investments in the UK. 4. **Shareholder Returns:** - Completed a **£75 million share buyback program**, retiring 9% of the share capital. - Accumulated an additional **£30 million for future shareholder returns**. 5. **Outlook:** - Targeting **over £250 million in exits** between 2025 and 2027. - Strong pipeline of milestones in life sciences, AI-enabling technologies, and other sectors. - Continued focus on increasing funds under management and supporting breakthrough science and technology companies. **CEO Greg Smith** emphasized the companys unique model, combining deep partnerships with research institutions and access to long-term capital, positioning IP Group to support innovation and deliver long-term value for shareholders. The company remains committed to addressing societal challenges through its investments.
**Summary of IP Group PLC 2025 Annual Results:**
IP Group PLC, a UK-based science and technology investor, reported its 2025 annual results, highlighting significant growth and strategic achievements. Key points include
1. **Financial Performance**
**Net Asset Value (NAV) per share** increased by 13% to 110.4p, with a closing NAV of £975.1 million.
**Profit for the year** was £66.9 million, a significant improvement from a loss of £207.0 million in 2024.
**Total portfolio value** rose to £908.1 million, up from £852.1 million in 2024.
2. **Portfolio Highlights**
**Pfizers acquisition of Metsera** contributed £128.2 million in discounted future royalty and milestone income, significantly boosting NAV.
**Hinge Health** successfully IPOed on the NYSE, generating £18.4 million in proceeds in 2025 and an additional £16.8 million in early 2026, representing a 53x return on investment.
**Monolith AI** was acquired by CoreWeave, Inc., with initial proceeds of £3.4 million and further deferred proceeds expected in 2026.
**Portfolio companies raised £914 million** in total capital, a 17% increase from 2024, with notable fundraisings by Artios, Oxa, and Lumai.
3. **Strategic Initiatives**
**Focus on funds under management** Raised £29.0 million in third-party funds, with total third-party AUM at £557 million.
**Launched Northern Universities Venture Fund** in collaboration with Parkwalk and Northern Gritstone.
**Partnership with Aberdeen** to manage a portfolio of early-stage and growth investments in the UK.
4. **Shareholder Returns**
Completed a **£75 million share buyback program**, retiring 9% of the share capital.
Accumulated an additional **£30 million for future shareholder returns**.
5. **Outlook**
Targeting **over £250 million in exits** between 2025 and 2027.
Strong pipeline of milestones in life sciences, AI-enabling technologies, and other sectors.
Continued focus on increasing funds under management and supporting breakthrough science and technology companies.
**CEO Greg Smith** emphasized the companys unique model, combining deep partnerships with research institutions and access to long-term capital, positioning IP Group to support innovation and deliver long-term value for shareholders. The company remains committed to addressing societal challenges through its investments.
Here is an HTML table comparing the financials and debt year on year for IP Group PLC based on the provided text: td>-26.1%
MetricFY 2025FY 2024Change
Net Asset Value (NAV)£975.1m£952.5m+2.4%
NAV per share110.4p97.7p+13%
Profit/(loss) for the year£66.9m(£207.0m)N/A
Total portfolio£908.1m£852.1m+6.6%
Gross cash and deposits£211.0m£285.6m
Cash proceeds£68.1m£183.4m-62.9%
Portfolio investment£70.5m£63.0m+11.9%
Borrowings (current)£119.7m£6.3m+1,796.8%
Borrowings (non-current)£0.0m£122.8m-100%
**Notes:** * The change in borrowings is due to a technical breach of financial covenants, resulting in reclassification of borrowings from non-current to current liabilities. * The decrease in gross cash and deposits is primarily due to outflows from investing activities, share buybacks, and debt repayment. * The significant decrease in cash proceeds is likely due to a strong year of realizations in FY 2024, including the sale of Featurespace to Visa. This table provides a concise comparison of key financials and debt metrics for IP Group PLC, highlighting areas of growth, decline, and notable changes.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
PEBB
The Pebble Group PLC
Positive
AUDITED FULL YEAR RESULTS 2025
**Summary of The Pebble Group PLCs Audited Full Year Results 2025** The Pebble Group PLC, a leading provider of technology, products, and services to the global promotional products industry, announced its audited results for the year ended 31 December 2025. Key highlights include: ### **Financial Performance** - **Revenue**: £124.7 million, slightly down from £125.3 million in 2024, but in line with expectations. - **Gross Profit Margin**: Improved to 45.6% from 44.3% in 2024, driven by better margins at Brand Addition. - **Operating Profit**: £7.4 million, down from £8.6 million in 2024, due to increased investment in sales and marketing. - **Profit Before Tax**: £6.9 million, down from £8.1 million in 2024. - **Basic Earnings Per Share**: 3.45p, down from 3.83p in 2024. - **Cash**: £9.6 million, down from £16.5 million in 2024, reflecting shareholder returns and investments. - **Dividend Per Share**: Increased to 2.00p from 1.85p in 2024. ### **Business Highlights** - **Facilisgroup**: - Secured 30 new Partners (up from 16 in 2024) after investing approximately $1 million in sales and marketing. - Partner retention rate remained high at 97%, with 253 Partners as of 31 December 2025. - Focus on accelerating revenue growth through high Partner lifetime value and efficient acquisition costs. - **Brand Addition**: - Revenue remained stable at £107.5 million, with improved margins (37.0% gross margin, up from 35.2%). - New client contracts contributed £6.5 million in revenue, up from £5.3 million in 2024. - Adjusted EBITDA increased to £11.4 million from £10.8 million. ### **Shareholder Returns** - **Share Buyback**: Launched a £5.0 million share buyback program to return value to shareholders. - **Dividend**: Proposed a final dividend of 2.0 pence per share, up from 1.85 pence in 2024. - **Total Capital Returns**: £11.7 million in 2025, up from £3.4 million in 2024. ### **Strategic Focus** - **Organic Growth**: Continued emphasis on organic growth and disciplined capital allocation. - **AI Integration**: Increasing focus on AI to enhance operational efficiency, productivity, and decision-making. - **ESG Commitment**: Progress on environmental, social, and governance goals, including a net-zero strategy and reduced emissions. ### **Outlook** - **Facilisgroup**: Expected revenue growth in 2026 driven by new Partner wins and improved lifetime value. - **Brand Addition**: Aim to increase revenues while maintaining improved profit margins. - **Overall**: Confidence in delivering profitable growth, strong cash generation, and sustainable value creation despite macroeconomic uncertainties. ### **Board and Governance** - **Board Changes**: Markus Bihler joined as a Non-executive Director, bringing expertise in technology-enabled business models and value creation. - **Governance**: Strengthened governance with new policies on fraud prevention and AI. The Pebble Group remains well-positioned to capitalize on its market opportunities, supported by a robust balance sheet, strategic investments, and a commitment to shareholder value.
**Summary of The Pebble Group PLCs Audited Full Year Results 2025**
The Pebble Group PLC, a leading provider of technology, products, and services to the global promotional products industry, announced its audited results for the year ended 31 December 2025. Key highlights include
### **Financial Performance**
**Revenue**£124.7 million, slightly down from £125.3 million in 2024, but in line with expectations.
**Gross Profit Margin**Improved to 45.6% from 44.3% in 2024, driven by better margins at Brand Addition.
**Operating Profit**£7.4 million, down from £8.6 million in 2024, due to increased investment in sales and marketing.
**Profit Before Tax**: £6.9 milliondown from £8.1 million in 2024.
**Basic Earnings Per Share**: 3.45pdown from 3.83p in 2024.
**Cash**£9.6 million, down from £16.5 million in 2024, reflecting shareholder returns and investments.
**Dividend Per Share**Increased to 2.00p from 1.85p in 2024.
### **Business Highlights**
**Facilisgroup**
Secured 30 new Partners (up from 16 in 2024) after investing approximately $1 million in sales and marketing.
Partner retention rate remained high at 97%, with 253 Partners as of 31 December 2025.
Focus on accelerating revenue growth through high Partner lifetime value and efficient acquisition costs.
**Brand Addition**
Revenue remained stable at £107.5 million, with improved margins (37.0% gross margin, up from 35.2%).
New client contracts contributed £6.5 million in revenue, up from £5.3 million in 2024.
Adjusted EBITDA increased to £11.4 million from £10.8 million.
### **Shareholder Returns**
**Share Buyback**Launched a £5.0 million share buyback program to return value to shareholders.
**Dividend**Proposed a final dividend of 2.0 pence per share, up from 1.85 pence in 2024.
**Total Capital Returns**£11.7 million in 2025, up from £3.4 million in 2024.
### **Strategic Focus**
**Organic Growth**Continued emphasis on organic growth and disciplined capital allocation.
**AI Integration**Increasing focus on AI to enhance operational efficiency, productivity, and decision-making.
**ESG Commitment**Progress on environmental, social, and governance goals, including a net-zero strategy and reduced emissions.
### **Outlook**
**Facilisgroup**Expected revenue growth in 2026 driven by new Partner wins and improved lifetime value.
**Brand Addition**Aim to increase revenues while maintaining improved profit margins.
**Overall**Confidence in delivering profitable growth, strong cash generation, and sustainable value creation despite macroeconomic uncertainties.
### **Board and Governance**
**Board Changes**Markus Bihler joined as a Non-executive Director, bringing expertise in technology-enabled business models and value creation.
**Governance**Strengthened governance with new policies on fraud prevention and AI.
The Pebble Group remains well-positioned to capitalize on its market opportunities, supported by a robust balance sheet, strategic investments, and a commitment to shareholder value.
Here is the HTML table code comparing the financials and debt year on year for The Pebble Group PLC:
MetricFY 2025FY 2024Change
Revenue (£'m)124.7125.3-0.5%
Gross Profit Margin (%)45.644.3+1.3ppt
Operating Profit (£'m)7.48.6-14.0%
Profit Before Tax (£'m)6.98.1-14.8%
Basic Earnings Per Share (pence)3.453.83-9.9%
Cash (£'m)9.616.5-£6.9m
Dividend Per Share (pence)2.001.85+8.1%
Adjusted EBITDA (£'m)15.816.7-5.4%
Free Cash Flow Conversion (%)9168+23ppt
Basic Adjusted Earnings Per Share (pence)3.864.63-16.6%
Capital Returns (£'m)11.73.4+£8.3m
Debt (£'m)00N/A
**Notes:** * The table includes key financial metrics and debt information for The Pebble Group PLC for FY 2025 and FY 2024. * The "Change" column shows the percentage change or absolute difference between the two years. * The company is debt-free, as indicated by the "Debt" row. * The table is based on the information provided in the text, which is an audited full-year results announcement for The Pebble Group PLC.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
VINO
Virgin Wines UK PLC
Positive
Interim Results
**Summary of Virgin Wines UK PLC Interim Results (H1 2026)** **Financial Highlights:** - **Revenue Growth:** Increased by 2% year-on-year to £34.7 million (H1 2024: £34.1 million), outperforming the wider online drinks market, which declined by 11%. - **Christmas Trading:** Strong performance with a 5% revenue increase over the peak seven-week period to 26 December 2025. - **Balance Sheet:** Remains robust with net cash of £10.6 million (H1 2024: £17.3 million) and gross cash of £17.9 million (H1 2024: £23.7 million), while remaining debt-free. - **Shareholder Returns:** Returned £2.7 million to shareholders via share buybacks. - **Profitability:** Adjusted EBITDA of £259k, with a loss before tax of £356k due to increased investment in growth. **Strategic Highlights:** 1. **Customer Acquisition:** - 40% year-on-year increase in new customers (75k acquired), with a 12% rise in WineBank membership. - Cost per acquisition remained stable at £15.34 despite significant growth. 2. **Commercial Partnerships:** - Revenue from partnerships and corporate gifting grew year-on-year, with the Moonpig partnership delivering double-digit growth. 3. **Mobile App:** - Initial phase completed with a soft launch in March 2026, expected to enhance customer engagement. 4. **Warehouse Wines:** - Revenue increased by 92% year-on-year, with a 41.1k customer base, demonstrating strong value-led growth. **Current Trading and Outlook:** - January and February 2026 revenue up 12% year-on-year, with full-year revenue in line with market expectations. - Customer acquisition accelerated, with January up 54% and February up 83% year-on-year. - Warehouse Wines revenue grew by 105% in January and February. - Increased near-term investment of £0.55 million in customer acquisition, expected to maintain EBITDA profitability. - Challenges include inflationary pressures, rising duties, and regulatory costs, but the company remains confident in its growth strategy. **CEO Commentary (Jay Wright):** - Highlighted success in customer acquisition, commercial partnerships, Warehouse Wines growth, and mobile app development. - Emphasized strong momentum, disciplined cost management, and confidence in delivering sustained success despite macroeconomic challenges. **Financial Review (Amanda Cherry):** - Revenue growth of 2% to £34.7 million, with a loss before tax of £0.4 million due to increased investment. - Gross profit margin decreased to 27.7% due to promotional offers and sales mix changes. - EBITDA of £0.2 million, impacted by growth investments. - Strong balance sheet with £17.9 million in gross cash and £7.7 million in inventory. **Conclusion:** Virgin Wines UK PLC demonstrated resilience and growth in a challenging market, with strategic investments in customer acquisition, partnerships, and technology driving performance. Despite short-term profitability pressures, the company remains focused on long-term growth and market outperformance.
**Summary of Virgin Wines UK PLC Interim Results (H1 2026)**
**Financial Highlights**
**Revenue Growth** Increased by 2% year-on-year to £34.7 million (H1 2024: £34.1 million), outperforming the wider online drinks market, which declined by 11%.
**Christmas Trading** Strong performance with a 5% revenue increase over the peak seven-week period to 26 December 2025.
**Balance Sheet** Remains robust with net cash of £10.6 million (H1 2024: £17.3 million) and gross cash of £17.9 million (H1 2024: £23.7 million), while remaining debt-free.
**Shareholder Returns** Returned £2.7 million to shareholders via share buybacks.
**Profitability** Adjusted EBITDA of £259k, with a loss before tax of £356k due to increased investment in growth.
**Strategic Highlights**
1. **Customer Acquisition**
40% year-on-year increase in new customers (75k acquired), with a 12% rise in WineBank membership.
Cost per acquisition remained stable at £15.34 despite significant growth.
2. **Commercial Partnerships**
Revenue from partnerships and corporate gifting grew year-on-year, with the Moonpig partnership delivering double-digit growth.
3. **Mobile App**
Initial phase completed with a soft launch in March 2026, expected to enhance customer engagement.
4. **Warehouse Wines**
Revenue increased by 92% year-on-year, with a 41.1k customer base, demonstrating strong value-led growth.
**Current Trading and Outlook**
January and February 2026 revenue up 12% year-on-year, with full-year revenue in line with market expectations.
Customer acquisition accelerated, with January up 54% and February up 83% year-on-year.
Warehouse Wines revenue grew by 105% in January and February.
Increased near-term investment of £0.55 million in customer acquisition, expected to maintain EBITDA profitability.
Challenges include inflationary pressures, rising duties, and regulatory costs, but the company remains confident in its growth strategy.
**CEO Commentary (Jay Wright)**
Highlighted success in customer acquisition, commercial partnerships, Warehouse Wines growth, and mobile app development.
Emphasized strong momentum, disciplined cost management, and confidence in delivering sustained success despite macroeconomic challenges.
**Financial Review (Amanda Cherry)**
Revenue growth of 2% to £34.7 million, with a loss before tax of £0.4 million due to increased investment.
Gross profit margin decreased to 27.7% due to promotional offers and sales mix changes.
EBITDA of £0.2 millionimpacted by growth investments.
Strong balance sheet with £17.9 million in gross cash and £7.7 million in inventory.
**Conclusion**
Virgin Wines UK PLC demonstrated resilience and growth in a challenging market, with strategic investments in customer acquisition, partnerships, and technology driving performance. Despite short-term profitability pressures, the company remains focused on long-term growth and market outperformance.
Here is the HTML table code comparing the financials and debt year on year for Virgin Wines UK PLC:
Financial MetricH1 2026 (£'000)H1 2025 (£'000)Change (£'000)Change (%)
Revenue34,74734,0846632%
Gross Profit9,63610,122(486)-5%
EBITDA2591,600(1,341)-84%
Loss Before Tax(356)1,273(1,629)-128%
Net Cash10,60017,300(6,700)-39%
Gross Cash17,94423,661(5,717)-24%
Inventory7,6956,5171,17818%
Debt0000%

Notes:

  • Revenue increased by 2% year-on-year, outperforming the wider online drinks market which declined by 11%.
  • Gross profit margin decreased by 2% to 27.7% due to increased promotional offers and changes in sales mix.
  • EBITDA and loss before tax were significantly impacted by increased investment in customer acquisition and marketing.
  • Net cash and gross cash decreased due to share buybacks, capex, and increased inventory.
  • The company remains debt-free.
This table provides a clear comparison of key financial metrics between H1 2026 and H1 2025, including revenue, gross profit, EBITDA, loss before tax, net cash, gross cash, inventory, and debt. The notes section highlights key insights from the comparison.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
EYE
Eagle Eye Solutions Group plc
Positive
Half Year Results
**Summary of Eagle Eye Solutions Group PLC Half-Year Results (H1 2026):** Eagle Eye Solutions Group PLC, a leading provider of applied AI for marketing, reported strong financial performance for the six months ended 31 December 2025, exceeding initial expectations. Key highlights include: ### **Financial Performance:** - **Revenue Growth:** Group revenue (excluding NRS impact) grew by 16% to £22.4 million, driven by a 24% increase in recurring revenue to £19.1 million. Including NRS, revenue slightly declined to £23.0 million. - **Annual Recurring Revenue (ARR):** ARR increased by 29% to £42.2 million, with new ARR in H1 2026 surpassing the entire FY 2025. - **Net Revenue Retention (NRR):** NRR (excluding NRS) improved to 108%, up from 104% in H1 2025. Including NRS, NRR was 99%. - **Profitability:** Adjusted EBITDA was £4.3 million (18% margin), ahead of expectations, despite a 28% decline from H1 2025. Profit after tax was £0.1 million, down from £1.9 million in H1 2025. - **Cash Position:** Net cash increased by 3% to £12.1 million, supporting investment in growth initiatives. ### **Strategic Highlights:** - **New Customer Wins:** Secured eight new multi-year contracts for the AIR platform and EagleAI solutions, including major wins in North America, Europe, and Asia. Notable wins include Wakefern, Kwik Trip, and FairPrice Co-Operative Ltd. - **US Market Expansion:** Achieved £2.5 million in new ARR from four significant US wins, reflecting strengthened brand presence and refined go-to-market strategies. - **AI Growth:** EagleAI revenues grew by 23% to £3.6 million, now representing 15% of Group revenues. Integration of AIR and EagleAI is delivering value through AI Personalised Promotions. - **OEM Partnership:** Secured first two customer contracts through the OEM partnership, with expected ARR of £2.0 million, and material revenue generation expected from FY27. - **Operational Efficiency:** Improved revenue mix with recurring revenues at 85% of Group revenues, up from 80% in H1 2025. Adjusted EBITDA margin exceeded expectations due to cost efficiencies and platform optimisation. ### **Outlook:** - The Board is confident in delivering FY26 results in line with increased market expectations, targeting a 20% EBITDA margin run rate by the end of FY26. - Expects a return to double-digit revenue and EBITDA growth in FY27, driven by momentum in ARR growth, customer expansion, and AI innovation. ### **CEO Statement:** Tim Mason, CEO, highlighted strong execution, ARR growth, and progress in strategic priorities, including US market traction and OEM partnership success. Emphasised leadership in applied AI for retail and commitment to long-term value creation. ### **Key Metrics (H1 2026 vs H1 2025):** - **ARR (excl. NRS):** £42.2m (+29%) - **NRR (excl. NRS):** 108% (+4ppts) - **Group Revenue (excl. NRS):** £22.4m (+16%) - **Recurring Revenue:** £19.1m (+24%) - **Adjusted EBITDA:** £4.3m (-28%) - **Net Cash:** £12.1m (+3%) Eagle Eye remains focused on capturing the growing demand for AI-powered loyalty and personalisation solutions, with a disciplined approach to margin improvement and long-term growth.
**Summary of Eagle Eye Solutions Group PLC Half-Year Results (H1 2026):**
Eagle Eye Solutions Group PLC, a leading provider of applied AI for marketing, reported strong financial performance for the six months ended 31 December 2025, exceeding initial expectations. Key highlights include
### **Financial Performance**
**Revenue Growth** Group revenue (excluding NRS impact) grew by 16% to £22.4 million, driven by a 24% increase in recurring revenue to £19.1 million. Including NRS, revenue slightly declined to £23.0 million.
**Annual Recurring Revenue (ARR)** ARR increased by 29% to £42.2 million, with new ARR in H1 2026 surpassing the entire FY 2025.
**Net Revenue Retention (NRR)** NRR (excluding NRS) improved to 108%, up from 104% in H1 2025. Including NRS, NRR was 99%.
**Profitability** Adjusted EBITDA was £4.3 million (18% margin), ahead of expectations, despite a 28% decline from H1 2025. Profit after tax was £0.1 million, down from £1.9 million in H1 2025.
**Cash Position** Net cash increased by 3% to £12.1 million, supporting investment in growth initiatives.
### **Strategic Highlights**
**New Customer Wins** Secured eight new multi-year contracts for the AIR platform and EagleAI solutions, including major wins in North America, Europe, and Asia. Notable wins include Wakefern, Kwik Trip, and FairPrice Co-Operative Ltd.
**US Market Expansion** Achieved £2.5 million in new ARR from four significant US wins, reflecting strengthened brand presence and refined go-to-market strategies.
**AI Growth** EagleAI revenues grew by 23% to £3.6 million, now representing 15% of Group revenues. Integration of AIR and EagleAI is delivering value through AI Personalised Promotions.
**OEM Partnership** Secured first two customer contracts through the OEM partnership, with expected ARR of £2.0 million, and material revenue generation expected from FY27.
**Operational Efficiency** Improved revenue mix with recurring revenues at 85% of Group revenues, up from 80% in H1 2025. Adjusted EBITDA margin exceeded expectations due to cost efficiencies and platform optimisation.
### **Outlook**
The Board is confident in delivering FY26 results in line with increased market expectations, targeting a 20% EBITDA margin run rate by the end of FY26.
Expects a return to double-digit revenue and EBITDA growth in FY27, driven by momentum in ARR growth, customer expansion, and AI innovation.
### **CEO Statement**
Tim Mason, CEO, highlighted strong execution, ARR growth, and progress in strategic priorities, including US market traction and OEM partnership success. Emphasised leadership in applied AI for retail and commitment to long-term value creation.
### **Key Metrics (H1 2026 vs H1 2025)**
**ARR (excl. NRS)** £42.2m (+29%)
**NRR (excl. NRS)** 108% (+4ppts)
**Group Revenue (excl. NRS)** £22.4m (+16%)
**Recurring Revenue** £19.1m (+24%)
**Adjusted EBITDA** £4.3m (-28%)
**Net Cash** £12.1m (+3%)
Eagle Eye remains focused on capturing the growing demand for AI-powered loyalty and personalisation solutions, with a disciplined approach to margin improvement and long-term growth.
Here is the HTML table code comparing the financials and debt year on year for Eagle Eye Solutions Group PLC:
MetricH1 2026H1 2025Change
KPIs excluding NRS
Period end Annual Recurring Revenue£42.2m£32.8m+29%
Net Revenue Retention108%104%+4ppts
Group Revenue£22.4m£19.3m+16%
Recurring Revenue£19.1m£15.4m+24%
KPIs including NRS
Group revenue£23.0m£24.2m-5%
Recurring Revenue£19.6m£19.5m+1%
Professional Services Revenue£3.0m£4.4m-32%
SMS Revenue£0.4m£0.3m+55%
Recurring revenue % of Group revenue85%81%+5ppts
Period end Annual Recurring Revenue£42.2m£41.0m+3%
Net Revenue Retention99%104%-5ppts
Direct profit£16.2m£16.9m-4%
Adjusted EBITDA£4.3m£5.9m-28%
Adjusted EBITDA margin18%24%-6ppts
Profit after tax£0.1m£1.9m-93%
Net cash at 31 December£12.1m£11.7m+3%

Note: Debt information is not explicitly mentioned in the provided text. However, the "Net cash" metric can be used as a proxy for debt, where an increase in net cash indicates a decrease in debt or an improvement in liquidity.

This table compares the key financial metrics for Eagle Eye Solutions Group PLC between H1 2026 and H1 2025, including revenue, recurring revenue, EBITDA, and net cash. The "Change" column shows the percentage change between the two periods. Please note that the debt information is not explicitly mentioned in the provided text, so the table focuses on financial metrics and uses "Net cash" as a proxy for debt.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
TPFG
Property Franchise Group PLC
Positive
Final Results
**Summary:** The Property Franchise Group PLC (TPFG) reported a record year for FY25, with significant growth across its franchising, financial services, and licensing divisions. Key financial highlights include a 25% increase in group revenue to £84.3 million, a 49% rise in EBITDA to £30.3 million, and a 39% increase in adjusted profit before tax to £31.0 million. The company also achieved a 22% increase in the full-year dividend to 22p per share. Operationally, TPFG expanded its managed portfolio to 149,000 properties, completed 35,000 residential sale transactions, and maintained a steady sales pipeline of £33.0 million. The company launched the Privilege programme, adding £1.5 million in incremental revenue, and its Financial Services division delivered a record 25,000 mortgages. The Licensing division grew with Fine & Country adding 13 new licensees, including eight international offices. TPFG made significant progress in AI-focused initiatives, enhanced its senior leadership team, and strengthened its balance sheet with net debt reduced to £2.3 million. The company is well-positioned for future growth, focusing on revenue synergies, navigating market conditions, and pursuing complementary acquisitions. The Board expressed confidence in delivering sustainable long-term value for shareholders, supported by a clear strategy and a resilient business model.
**Summary**
The Property Franchise Group PLC (TPFG) reported a record year for FY25, with significant growth across its franchising, financial services, and licensing divisions. Key financial highlights include a 25% increase in group revenue to £84.3 million, a 49% rise in EBITDA to £30.3 million, and a 39% increase in adjusted profit before tax to £31.0 million. The company also achieved a 22% increase in the full-year dividend to 22p per share.
Operationally, TPFG expanded its managed portfolio to 149,000 properties, completed 35,000 residential sale transactions, and maintained a steady sales pipeline of £33.0 million. The company launched the Privilege programme, adding £1.5 million in incremental revenue, and its Financial Services division delivered a record 25,000 mortgages. The Licensing division grew with Fine & Country adding 13 new licensees, including eight international offices.
TPFG made significant progress in AI-focused initiatives, enhanced its senior leadership team, and strengthened its balance sheet with net debt reduced to £2.3 million. The company is well-positioned for future growth, focusing on revenue synergies, navigating market conditions, and pursuing complementary acquisitions. The Board expressed confidence in delivering sustainable long-term value for shareholders, supported by a clear strategy and a resilient business model.
Here is the HTML table code comparing the financials and debt year on year for The Property Franchise Group PLC:
Metric20252024Change
Revenue£84.3m£67.3m25%
EBITDA£30.3m£20.4m49%
Adjusted Profit Before Tax£31.0m£22.3m39%
Net Debt£2.3m£9.1m(75%)
Cash Generated from Operations£22.1m£14.7m50%
Dividend per Share22p18p22%
**Notes:** * The table compares key financial metrics for The Property Franchise Group PLC between 2025 and 2024. * The "Change" column shows the percentage change between the two years. * The data is sourced from the provided text, which is an RNS announcement from The Property Franchise Group PLC.
06:01
Open Terminal ↗ RNS Source
80 Positive
SML
Strategic Minerals Plc
Positive
Redmoor - Infill Drilling Contract Signed
**Summary:** Strategic Minerals plc, through its wholly owned subsidiary Cornwall Resources Limited (CRL), has signed a drilling contract with Priority Drilling UK Ltd to commence an infill drilling program at the Redmoor tungsten-tin-copper project in southeast Cornwall. This program aims to convert inferred mineral resources to indicated resources and produce a reserve calculation as part of the prefeasibility study. The drilling is fully funded by a £4m placing completed in January 2026. Key highlights include: - One drill rig has arrived on site, with additional rigs reserved pending planning approval for expanded operations. - The program is designed to leverage the success of the 2025 drilling campaign, which demonstrated the reliability of the new deposit model. - Tungsten prices remain at historic highs, emphasizing the strategic importance of advancing the Redmoor project, Europes highest-grade undeveloped tungsten resource. - CRL has a strong track record of securing permissions and working with local stakeholders to ensure efficient drilling operations. The contract marks a significant milestone in Redmoors development, with drilling set to begin shortly after site preparations are completed.
**Summary**
Strategic Minerals plc, through its wholly owned subsidiary Cornwall Resources Limited (CRL), has signed a drilling contract with Priority Drilling UK Ltd to commence an infill drilling program at the Redmoor tungsten-tin-copper project in southeast Cornwall. This program aims to convert inferred mineral resources to indicated resources and produce a reserve calculation as part of the prefeasibility study. The drilling is fully funded by a £4m placing completed in January 2026.
Key highlights include
One drill rig has arrived on site, with additional rigs reserved pending planning approval for expanded operations.
The program is designed to leverage the success of the 2025 drilling campaign, which demonstrated the reliability of the new deposit model.
Tungsten prices remain at historic highs, emphasizing the strategic importance of advancing the Redmoor project, Europes highest-grade undeveloped tungsten resource.
CRL has a strong track record of securing permissions and working with local stakeholders to ensure efficient drilling operations.
The contract marks a significant milestone in Redmoors development, with drilling set to begin shortly after site preparations are completed.
NewContract
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
SWG
Shearwater Group plc
Positive
Interim Results
**Summary of Shearwater Group PLC Interim Results for H1 FY26 (Ended 31 December 2025)** **Financial Highlights:** - **Revenue Growth:** £14.0 million, up 31% YoY (from £10.7 million in Jul-Dec FY25) and 24% from the reported FY25 interim results (Apr-Sep FY25: £11.3 million). Growth driven by organic expansion and FY25 contract wins. - **Adjusted EBITDA:** £0.0 million (vs. £0.1 million profit in Jul-Dec FY25), with a reported loss of £0.4 million for H1 FY25. - **Administrative Expenses:** £2.9 million, down 6% YoY, reflecting cost reduction initiatives and FY25 restructuring. - **Cash Position:** £2.2 million, impacted by short-term project cash flow timing. Adjusted for a £1.5 million contract outflow resolved in January 2026, the balance would have been £3.7 million (vs. £3.6 million in Dec 2024). **Operational Highlights:** - **Services Momentum:** Strong demand from blue-chip clients in Telecommunications, Financial Services, and Government sectors. - **Contract Wins:** Notable wins include a £7.3 million extension with a mobile network operator and expansions in Central Government. - **Pentest Business:** Returned to profitability post-FY25 restructuring. - **Software Solutions:** Continued demand for on-premise solutions, particularly in regulated sectors. - **H2 Start:** Positive momentum with a £9 million renewal/extension in global financial services post-period end. **Board Update:** - Robin Southwell appointed as Chair effective 1 February 2026. **Outlook:** - **Pipeline Strength:** Robust pipeline supported by Services momentum, with H2 wins aligning to peak sales cycles. - **Margin Improvement:** Expected in H2 as new solutions are delivered. - **Full-Year Confidence:** Board remains confident in meeting market expectations for FY26. **CEO Commentary (Phil Higgins):** - Highlighted progress in revenue growth and operational performance, driven by demand in high-threat environments. - Emphasized Services business momentum, Pentest profitability, and software portfolio investments. - Confident in H2 performance and FY26 market expectations, supported by recent contract wins and margin improvements. **Market Opportunity:** - Cybersecurity market projected to grow at 14% CAGR globally and 10-12% in the UK, driven by escalating cyber threats. - Shearwater’s differentiated full-service offering positions it to capitalize on this growth. **Segment Performance:** - **Services:** 37% revenue growth to £12.9 million, driven by cloud-hosted software and FY25 contracts. Gross margin slightly down to 17% due to revenue recognition policy changes. - **Software:** Revenue declined 12% to £1.1 million but remained stable compared to FY25 pro-rated totals. **Financial Position & Cash Flow:** - H1 cash outflow due to timing of project payments, with net cash used in operations at £2.4 million. - Strong financial position to support growth initiatives. **Conclusion:** Shearwater Group demonstrated resilient H1 performance with strong revenue growth, operational improvements, and strategic contract wins. Despite short-term cash flow challenges, the company is well-positioned to capitalize on cybersecurity market opportunities, with confidence in delivering full-year expectations.
**Summary of Shearwater Group PLC Interim Results for H1 FY26 (Ended 31 December 2025)**
**Financial Highlights**
**Revenue Growth** £14.0 million, up 31% YoY (from £10.7 million in Jul-Dec FY25) and 24% from the reported FY25 interim results (Apr-Sep FY25: £11.3 million). Growth driven by organic expansion and FY25 contract wins.
**Adjusted EBITDA** £0.0 million (vs. £0.1 million profit in Jul-Dec FY25), with a reported loss of £0.4 million for H1 FY25.
**Administrative Expenses** £2.9 million, down 6% YoY, reflecting cost reduction initiatives and FY25 restructuring.
**Cash Position** £2.2 million, impacted by short-term project cash flow timing. Adjusted for a £1.5 million contract outflow resolved in January 2026, the balance would have been £3.7 million (vs. £3.6 million in Dec 2024).
**Operational Highlights**
**Services Momentum** Strong demand from blue-chip clients in Telecommunications, Financial Services, and Government sectors.
**Contract Wins** Notable wins include a £7.3 million extension with a mobile network operator and expansions in Central Government.
**Pentest Business** Returned to profitability post-FY25 restructuring.
**Software Solutions** Continued demand for on-premise solutions, particularly in regulated sectors.
**H2 Start** Positive momentum with a £9 million renewal/extension in global financial services post-period end.
**Board Update**
Robin Southwell appointed as Chair effective 1 February 2026.
**Outlook**
**Pipeline Strength** Robust pipeline supported by Services momentum, with H2 wins aligning to peak sales cycles.
**Margin Improvement** Expected in H2 as new solutions are delivered.
**Full-Year Confidence** Board remains confident in meeting market expectations for FY26.
**CEO Commentary (Phil Higgins)**
Highlighted progress in revenue growth and operational performance, driven by demand in high-threat environments.
Emphasized Services business momentum, Pentest profitability, and software portfolio investments.
Confident in H2 performance and FY26 market expectations, supported by recent contract wins and margin improvements.
**Market Opportunity**
Cybersecurity market projected to grow at 14% CAGR globally and 10-12% in the UK, driven by escalating cyber threats.
Shearwater’s differentiated full-service offering positions it to capitalize on this growth.
**Segment Performance**
**Services** 37% revenue growth to £12.9 million, driven by cloud-hosted software and FY25 contracts. Gross margin slightly down to 17% due to revenue recognition policy changes.
**Software** Revenue declined 12% to £1.1 million but remained stable compared to FY25 pro-rated totals.
**Financial Position & Cash Flow**
H1 cash outflow due to timing of project payments, with net cash used in operations at £2.4 million.
Strong financial position to support growth initiatives.
**Conclusion**
Shearwater Group demonstrated resilient H1 performance with strong revenue growth, operational improvements, and strategic contract wins. Despite short-term cash flow challenges, the company is well-positioned to capitalize on cybersecurity market opportunities, with confidence in delivering full-year expectations.
Here’s an HTML table comparing the financials and debt year on year for Shearwater Group PLC based on the provided text:
MetricH1 FY26 (unaudited)H1 FY25 (unaudited)YOY Change
Revenue£14.0m£10.7m+31%
Gross Profit£2.9m£3.2m-10%
Adjusted Administrative Expenses£2.9m£3.1m-6%
Adjusted EBITDA£0.0m£0.1m-100%
Cash and Cash Equivalents£2.2m£3.6m-39%
Debt (Long-term)£3.5m£4.5m-22%
### Explanation: 1. **Revenue**: Increased by 31% from £10.7m in H1 FY25 to £14.0m in H1 FY26. 2. **Gross Profit**: Decreased by 10% from £3.2m in H1 FY25 to £2.9m in H1 FY26. 3. **Adjusted Administrative Expenses**: Decreased by 6% from £3.1m in H1 FY25 to £2.9m in H1 FY26. 4. **Adjusted EBITDA**: Fell from £0.1m in H1 FY25 to £0.0m in H1 FY26. 5. **Cash and Cash Equivalents**: Decreased by 39% from £3.6m in H1 FY25 to £2.2m in H1 FY26. 6. **Debt (Long-term)**: Decreased by 22% from £4.5m in H1 FY25 to £3.5m in H1 FY26. This table provides a clear comparison of key financial metrics and debt levels between the two periods.
06:01
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84 Broker Upgrade
ABDX
Abingdon Health Plc
Positive
Half-year Financial Report
**Summary of Abingdon Health PLC Half-Year Financial Report (H1 FY26)** **Financial Performance** - **Revenue Growth**: Total revenue (including grant-funded income) increased by 45% to £4.5 million (H1 FY25: £3.1 million). Reported revenue grew by 37% to £4.2 million. - **Adjusted EBITDA Loss**: Improved to £1.7 million (H1 FY25: £1.9 million) due to continued investment in infrastructure and growth. - **Loss Before Taxation**: £2.3 million (H1 FY25: £2.6 million). - **Cash Position**: Cash and equivalents rose to £3.7 million at 31 December 2025 (30 June 2025: £1.9 million), boosted by a £3.2 million fundraise in October 2025. **Operational Highlights** - **US Expansion**: Expanded CDMO operations in Madison, Wisconsin, with plans for further investment in manufacturing, performance evaluation, and ISO accreditation. - **Major Contracts**: Secured a $2.5 million contract in March 2026 for clinical self-test development and regulatory support, adding to a $2 million US contract announced in November 2025. - **Regulatory Services**: Revenue grew 49% to £1.9 million, driven by integrated service offerings. - **Innovation**: Launched seaweed-based lateral flow housings in partnership with SymbioTex Ltd, emphasizing sustainability. - **Patents**: New European patent granted for AppDx® lateral flow smartphone reader, protecting proprietary AI-driven technology. - **Management Changes**: Promoted Candice Vendettuoli to Chief Delivery Officer and Natalie Thrush to Chief of Staff to support growth. **Outlook and Guidance** - **H2 FY26**: Expected to be profitable and cash flow positive, with positive adjusted EBITDA. - **FY26 Revenue Guidance**: Maintained at £12.6 million (£12.2 million from contracts, £0.4 million from grants). - **FY27 Outlook**: Positive, with major CDMO contracts continuing into FY27, providing a strong revenue foundation. - **OTCQB Listing**: Shares to begin trading on the OTCQB Venture Market in the US under ticker "ABDXF" to enhance investor accessibility. **Strategic Focus** - **End-to-End Services**: Strengthened by acquisitions of CS Lifesciences and IVDeology, offering comprehensive CDMO, regulatory, and analytical services. - **Sustainability**: Commitment to reducing plastic waste in lateral flow products through innovative biobased solutions. - **US Market**: Focus on US expansion to capitalize on the growing lateral flow assay market, projected to reach $25.28 billion by 2035. **Chairman’s Statement** Dr Chris Hand highlighted substantial revenue growth, strategic investments, and a clear path to profitability. The company’s integrated service offering and strong pipeline position it well for continued growth, with FY27 expected to build on FY26 momentum. **Conclusion** Abingdon Health PLC demonstrated robust H1 FY26 performance, with significant revenue growth, strategic advancements, and a positive outlook for H2 FY26 and beyond. The company is well-positioned to capitalize on the lateral flow market’s growth, supported by its expanded US operations, innovative product offerings, and strong contract pipeline.
**Summary of Abingdon Health PLC Half-Year Financial Report (H1 FY26)**
**Financial Performance**
**Revenue Growth**Total revenue (including grant-funded income) increased by 45% to £4.5 million (H1 FY25: £3.1 million). Reported revenue grew by 37% to £4.2 million.
**Adjusted EBITDA Loss**Improved to £1.7 million (H1 FY25: £1.9 million) due to continued investment in infrastructure and growth.
**Loss Before Taxation**£2.3 million (H1 FY25: £2.6 million).
**Cash Position**Cash and equivalents rose to £3.7 million at 31 December 2025 (30 June 2025: £1.9 million), boosted by a £3.2 million fundraise in October 2025.
**Operational Highlights**
**US Expansion**Expanded CDMO operations in Madison, Wisconsin, with plans for further investment in manufacturing, performance evaluation, and ISO accreditation.
**Major Contracts**Secured a $2.5 million contract in March 2026 for clinical self-test development and regulatory support, adding to a $2 million US contract announced in November 2025.
**Regulatory Services**Revenue grew 49% to £1.9 million, driven by integrated service offerings.
**Innovation**Launched seaweed-based lateral flow housings in partnership with SymbioTex Ltd, emphasizing sustainability.
**Patents**New European patent granted for AppDx® lateral flow smartphone reader, protecting proprietary AI-driven technology.
**Management Changes**Promoted Candice Vendettuoli to Chief Delivery Officer and Natalie Thrush to Chief of Staff to support growth.
**Outlook and Guidance**
**H2 FY26**Expected to be profitable and cash flow positive, with positive adjusted EBITDA.
**FY26 Revenue Guidance**Maintained at £12.6 million (£12.2 million from contracts, £0.4 million from grants).
**FY27 Outlook**Positive, with major CDMO contracts continuing into FY27, providing a strong revenue foundation.
**OTCQB Listing**Shares to begin trading on the OTCQB Venture Market in the US under ticker "ABDXF" to enhance investor accessibility.
**Strategic Focus**
**End-to-End Services**Strengthened by acquisitions of CS Lifesciences and IVDeology, offering comprehensive CDMO, regulatory, and analytical services.
**Sustainability**Commitment to reducing plastic waste in lateral flow products through innovative biobased solutions.
**US Market**Focus on US expansion to capitalize on the growing lateral flow assay market, projected to reach $25.28 billion by 2035.
**Chairman’s Statement**
Dr Chris Hand highlighted substantial revenue growth, strategic investments, and a clear path to profitability. The company’s integrated service offering and strong pipeline position it well for continued growth, with FY27 expected to build on FY26 momentum.
**Conclusion**
Abingdon Health PLC demonstrated robust H1 FY26 performance, with significant revenue growth, strategic advancements, and a positive outlook for H2 FY26 and beyond. The company is well-positioned to capitalize on the lateral flow market’s growth, supported by its expanded US operations, innovative product offerings, and strong contract pipeline.
Here’s an HTML table comparing the financials and debt year on year for Abingdon Health PLC based on the provided text:
MetricH1 FY26 (6 months ended 31 Dec 2025)H1 FY25 (6 months ended 31 Dec 2024)Change
Revenue (Total)£4.5 million£3.1 million+45%
Reported Revenue£4.2 million£3.1 million+37%
Adjusted EBITDA Loss£1.7 million£1.9 millionImproved by £0.2 million
Loss Before Taxation£2.3 million£2.6 millionImproved by £0.3 million
Cash and Cash Equivalents£3.7 million£1.9 million+95%
Debt (Borrowings)£747,000£741,000+0.8%
Regulatory Services Revenue£1.9 million£1.3 million+49%
Contract Development Revenue£1.4 million£0.8 million+91%
Contract Manufacturing Revenue£0.5 million£0.5 million0%
### Key Observations: 1. **Revenue Growth**: Total revenue increased by 45% year-on-year, driven by strong growth in contract development and regulatory services. 2. **Adjusted EBITDA Loss**: Improved by £0.2 million, reflecting the benefit of revenue growth offsetting increased investment. 3. **Cash Position**: Cash and cash equivalents increased significantly due to a successful equity fundraise in October 2025. 4. **Debt**: Borrowings increased slightly by 0.8%, indicating minimal change in debt levels. 5. **Regulatory Services**: Revenue grew by 49%, highlighting the success of the integrated service offering. This table provides a clear comparison of key financial metrics and debt levels between H1 FY26 and H1 FY25.
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93 Strong Beat
WIX
Wickes Group PLC
Positive
Full Year Results 2025
**Summary of Wickes Group PLC Full Year Results 2025** Wickes Group PLC reported strong financial performance for the 52 weeks ending December 27, 2025, with total revenue increasing by 5.9% to £1,636.2 million compared to £1,544.5 million in 2024. Adjusted profit before tax (PBT) rose by 14.4% to £49.9 million, surpassing expectations, while statutory PBT increased significantly to £48.7 million from £23.2 million in 2024, aided by operating leverage and productivity improvements. **Key Financial Highlights:** - **Revenue Growth:** Retail revenue grew by 6.5% to £1,208.9 million, driven by strong volume growth, particularly in TradePro (9% sales growth) and mid-single-digit growth in DIY sales. Design & Installation revenue increased by 4.4% to £427.3 million, supported by enhancements in kitchen and bathroom offerings. - **Profitability:** Adjusted PBT margin improved to 3.0% from 2.8% in 2024, reflecting operational efficiency and cost management. Statutory PBT margin rose to 3.0% from 1.5% in 2024. - **Cash Position:** Net cash stood at £91.7 million, up from £86.3 million in 2024, after investments in growth and shareholder returns, including £44.8 million returned to shareholders. - **Dividends and Share Buybacks:** A final dividend of 7.3p per share was declared, maintaining the total dividend at 10.9p for the year. A new £10 million share buyback program was announced, in addition to £5-10 million for employee share schemes in 2026. **Strategic Achievements:** - **Market Share Gains:** Wickes achieved record market share in Retail, particularly in timber, tiling, flooring, and paint categories. - **TradePro Growth:** Active TradePro members increased to 643,000 from 581,000 in 2024, with sales growth driven by strategic partnerships and customer engagement initiatives. - **Design & Installation Momentum:** Five consecutive quarters of ordered sales growth and three consecutive quarters of delivered sales growth were recorded, supported by simplified customer journeys and range enhancements. - **Store Expansion:** Wickes opened 5 new stores and completed 11 refits/refreshes in 2025, with an ambition to reach 300 stores nationwide, creating over 2,000 new jobs. - **Digital and Technology Investment:** Increased investment in technology to enhance customer experience and support future growth, including new design software and unified commerce platforms. **Current Trading and Outlook:** - **2026 Trading:** The first 11 weeks of 2026 showed continued volume growth across indoor projects and Design & Installation, despite wet weather impacting outdoor project demand. - **Future Prospects:** Wickes remains confident in its growth strategy, focusing on proven levers like store expansion, digital enhancement, and category wins. The company is comfortable with consensus expectations for adjusted PBT in 2026, despite macroeconomic uncertainties. **Leadership Commentary:** CEO David Wood highlighted the company’s strong strategic progress, record market share gains, and the successful acceleration of store investment for future growth. He emphasized the commitment to enhancing customer experience and expanding Wickes’ footprint across the UK. **Conclusion:** Wickes Group PLC demonstrated robust financial and operational performance in 2025, underpinned by strategic investments in growth levers, market share gains, and a focus on customer satisfaction. The company is well-positioned for continued growth in 2026, despite external challenges, with a clear strategy to expand its store network and enhance digital capabilities.
**Summary of Wickes Group PLC Full Year Results 2025**
Wickes Group PLC reported strong financial performance for the 52 weeks ending December 27, 2025, with total revenue increasing by 5.9% to £1,636.2 million compared to £1,544.5 million in 2024. Adjusted profit before tax (PBT) rose by 14.4% to £49.9 million, surpassing expectations, while statutory PBT increased significantly to £48.7 million from £23.2 million in 2024, aided by operating leverage and productivity improvements.
**Key Financial Highlights**
**Revenue Growth** Retail revenue grew by 6.5% to £1,208.9 million, driven by strong volume growth, particularly in TradePro (9% sales growth) and mid-single-digit growth in DIY sales. Design & Installation revenue increased by 4.4% to £427.3 million, supported by enhancements in kitchen and bathroom offerings.
**Profitability** Adjusted PBT margin improved to 3.0% from 2.8% in 2024, reflecting operational efficiency and cost management. Statutory PBT margin rose to 3.0% from 1.5% in 2024.
**Cash Position** Net cash stood at £91.7 million, up from £86.3 million in 2024, after investments in growth and shareholder returns, including £44.8 million returned to shareholders.
**Dividends and Share Buybacks** A final dividend of 7.3p per share was declared, maintaining the total dividend at 10.9p for the year. A new £10 million share buyback program was announced, in addition to £5-10 million for employee share schemes in 2026.
**Strategic Achievements**
**Market Share Gains** Wickes achieved record market share in Retail, particularly in timber, tiling, flooring, and paint categories.
**TradePro Growth** Active TradePro members increased to 643,000 from 581,000 in 2024, with sales growth driven by strategic partnerships and customer engagement initiatives.
**Design & Installation Momentum** Five consecutive quarters of ordered sales growth and three consecutive quarters of delivered sales growth were recorded, supported by simplified customer journeys and range enhancements.
**Store Expansion** Wickes opened 5 new stores and completed 11 refits/refreshes in 2025, with an ambition to reach 300 stores nationwide, creating over 2,000 new jobs.
**Digital and Technology Investment** Increased investment in technology to enhance customer experience and support future growth, including new design software and unified commerce platforms.
**Current Trading and Outlook**
**2026 Trading** The first 11 weeks of 2026 showed continued volume growth across indoor projects and Design & Installation, despite wet weather impacting outdoor project demand.
**Future Prospects** Wickes remains confident in its growth strategy, focusing on proven levers like store expansion, digital enhancement, and category wins. The company is comfortable with consensus expectations for adjusted PBT in 2026, despite macroeconomic uncertainties.
**Leadership Commentary**
CEO David Wood highlighted the company’s strong strategic progress, record market share gains, and the successful acceleration of store investment for future growth. He emphasized the commitment to enhancing customer experience and expanding Wickes’ footprint across the UK.
**Conclusion**
Wickes Group PLC demonstrated robust financial and operational performance in 2025, underpinned by strategic investments in growth levers, market share gains, and a focus on customer satisfaction. The company is well-positioned for continued growth in 2026, despite external challenges, with a clear strategy to expand its store network and enhance digital capabilities.
Here is the HTML table code comparing the financials and debt year on year for Wickes Group PLC:
Metric2025 (£m)2024 (£m)Change
Total Revenue1,636.21,544.5+5.9%
Adjusted Profit Before Tax49.943.6+14.4%
Statutory Profit Before Tax48.723.2+109.9%
Net Cash Position91.786.3+6.3%
Average Cash Across the Year153.0144.3+6.0%
Final Dividend Declared (pence)7.37.30%
Total Dividend for the Year (pence)10.910.90%
Lease Liability Net Debt(628.1)(619.0)-1.5%
**Notes:** * The table compares key financial metrics and debt for Wickes Group PLC between 2025 and 2024. * The data is extracted from the provided text, which is the Full Year Results 2025 announcement for Wickes Group PLC. * The table includes metrics such as Total Revenue, Adjusted Profit Before Tax, Statutory Profit Before Tax, Net Cash Position, Average Cash Across the Year, Final Dividend Declared, Total Dividend for the Year, and Lease Liability Net Debt. * The "Change" column shows the percentage change between 2025 and 2024 for each metric. * Negative values in the "Lease Liability Net Debt" row indicate a net debt position.
06:01
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93 Strong Beat
MIDW
Midwich Group PLC
Positive
2025 Full Year Results
**Summary of Midwich Group PLCs 2025 Full Year Results:** Midwich Group PLC, a global specialist audio-visual (AV) distributor, reported its 2025 full-year results, highlighting a return to revenue growth in the second half of the year despite challenging macroeconomic conditions. The company achieved sustained record gross margins of 17.7%, consistent with 2024. **Financial Highlights:** - **Revenue:** £1,270.8 million, a slight decrease of 1.5% from 2024 (£1,289.5 million), with a return to growth in the second half. - **Gross Profit:** £225.2 million, down 1.6% from £228.8 million in 2024. - **Adjusted Operating Profit:** £43.6 million, a 10.7% decline from £48.9 million in 2024, with 60% generated in the second half. - **Adjusted Profit Before Tax:** £30.5 million, down 22.1% from £39.1 million in 2024. - **Adjusted EPS:** 22.37p, a 17.0% decrease from 26.96p in 2024. - **Adjusted Cash Flow Conversion:** 123%, up from 97% in 2024, reflecting improved working capital management. - **Adjusted Net Debt to Adjusted EBITDA Ratio:** 2.17x, slightly up from 2.0x in 2024 but down from 2.5x in H1 2025. **Operational Highlights:** - **Market Share Gains:** The company gained market share with key vendors, supported by its diverse product and geographic portfolio. - **Regional Performance:** Strong growth in the UK&I due to market share gains and new vendors, despite challenging conditions. Robust performance in EMEA (excluding Germany), with Germany expected to improve from 2026. - **Digital Investments:** Progress in digital initiatives, including AI automation and digital platforms, expected to enhance productivity and growth from 2026. - **Dividend Policy:** Proposed final dividend of 3.5p and interim dividend of 1.75p, totaling 5.25p for 2025, reflecting a revised dividend policy with a 25% payout ratio of adjusted EPS. **Strategic Focus:** - **Efficiency and Market Positioning:** Focused on driving efficiencies and strengthening market positioning in 2025. - **Digital Strategy:** Approved a new digital strategy emphasizing agility, AI, and digital solutions to deliver new customer solutions and differentiate from competitors. - **ERP System:** Decided to pause the rollout of a global ERP system, prioritizing bespoke digital tools for quicker benefits at lower cost and risk. - **M&A and Organic Growth:** Continued focus on organic growth and strategic acquisitions to expand capabilities and geographic reach. **Outlook:** - **2026 Expectations:** The Board anticipates a return to profit growth in 2026, supported by actions taken in 2025 and the companys strong market position. - **Long-Term Growth:** The global Pro AV market is expected to grow faster than GDP, and Midwich is well-positioned to benefit from this trend, with less than 4% market share in its target addressable market. **Leadership Changes:** - **CFO Transition:** Adam Councell appointed as Group CFO, succeeding Stephen Lamb, who left in 2026. - **Board Changes:** Mike Ashley retired from the Board in May 2026, with plans to appoint at least one additional independent Non-executive Director. **Sustainability and Corporate Governance:** - **Sustainability Progress:** Enhanced environmental initiatives, including renewable energy investments and science-based carbon targets. - **Diversity and Inclusion:** Commitment to diversity in future Director and senior leader appointments. - **Community Engagement:** Continued support for community initiatives, with the Gift of AV program raising £325,000 over five years. **Conclusion:** Midwich Group PLC demonstrated resilience in 2025, navigating challenging conditions while positioning itself for future growth through strategic investments, operational efficiencies, and a focus on digital transformation. The company remains optimistic about its long-term prospects in the growing Pro AV market.
**Summary of Midwich Group PLCs 2025 Full Year Results:**
Midwich Group PLC, a global specialist audio-visual (AV) distributor, reported its 2025 full-year results, highlighting a return to revenue growth in the second half of the year despite challenging macroeconomic conditions. The company achieved sustained record gross margins of 17.7%, consistent with 2024.
**Financial Highlights**
**Revenue** £1,270.8 million, a slight decrease of 1.5% from 2024 (£1,289.5 million), with a return to growth in the second half.
**Gross Profit** £225.2 million, down 1.6% from £228.8 million in 2024.
**Adjusted Operating Profit** £43.6 million, a 10.7% decline from £48.9 million in 2024, with 60% generated in the second half.
**Adjusted Profit Before Tax** £30.5 million, down 22.1% from £39.1 million in 2024.
**Adjusted EPS** 22.37p, a 17.0% decrease from 26.96p in 2024.
**Adjusted Cash Flow Conversion** 123%, up from 97% in 2024, reflecting improved working capital management.
**Adjusted Net Debt to Adjusted EBITDA Ratio:** 2.17x, slightly up from 2.0x in 2024 but down from 2.5x in H1 2025.
**Operational Highlights**
**Market Share Gains** The company gained market share with key vendors, supported by its diverse product and geographic portfolio.
**Regional Performance** Strong growth in the UK&I due to market share gains and new vendors, despite challenging conditions. Robust performance in EMEA (excluding Germany), with Germany expected to improve from 2026.
**Digital Investments** Progress in digital initiatives, including AI automation and digital platforms, expected to enhance productivity and growth from 2026.
**Dividend Policy** Proposed final dividend of 3.5p and interim dividend of 1.75p, totaling 5.25p for 2025, reflecting a revised dividend policy with a 25% payout ratio of adjusted EPS.
**Strategic Focus**
**Efficiency and Market Positioning** Focused on driving efficiencies and strengthening market positioning in 2025.
**Digital Strategy** Approved a new digital strategy emphasizing agility, AI, and digital solutions to deliver new customer solutions and differentiate from competitors.
**ERP System** Decided to pause the rollout of a global ERP system, prioritizing bespoke digital tools for quicker benefits at lower cost and risk.
**M&A and Organic Growth** Continued focus on organic growth and strategic acquisitions to expand capabilities and geographic reach.
**Outlook**
**2026 Expectations** The Board anticipates a return to profit growth in 2026, supported by actions taken in 2025 and the companys strong market position.
**Long-Term Growth** The global Pro AV market is expected to grow faster than GDP, and Midwich is well-positioned to benefit from this trend, with less than 4% market share in its target addressable market.
**Leadership Changes**
**CFO Transition** Adam Councell appointed as Group CFO, succeeding Stephen Lamb, who left in 2026.
**Board Changes** Mike Ashley retired from the Board in May 2026, with plans to appoint at least one additional independent Non-executive Director.
**Sustainability and Corporate Governance:**
**Sustainability Progress** Enhanced environmental initiatives, including renewable energy investments and science-based carbon targets.
**Diversity and Inclusion** Commitment to diversity in future Director and senior leader appointments.
**Community Engagement** Continued support for community initiatives, with the Gift of AV program raising £325,000 over five years.
**Conclusion**
Midwich Group PLC demonstrated resilience in 2025, navigating challenging conditions while positioning itself for future growth through strategic investments, operational efficiencies, and a focus on digital transformation. The company remains optimistic about its long-term prospects in the growing Pro AV market.
Here is the HTML table code comparing the financials and debt year on year for Midwich Group PLC:
Metric2025 (£m)2024 (£m)Change (%)
Revenue1,270.81,289.5(1.5%)
Gross Profit225.2228.8(1.6%)
Adjusted Operating Profit43.648.9(10.7%)
Adjusted Profit Before Tax30.539.1(22.1%)
Adjusted Net Debt126.0130.6(3.5%)
Adjusted Net Debt to Adjusted EBITDA Ratio2.17x2.0x8.5%
**Key Observations:** * **Revenue and Gross Profit:** Both revenue and gross profit decreased slightly in 2025 compared to 2024, with a 1.5% and 1.6% decline, respectively. * **Adjusted Operating Profit and Adjusted Profit Before Tax:** These metrics saw more significant declines, with adjusted operating profit decreasing by 10.7% and adjusted profit before tax decreasing by 22.1%. * **Adjusted Net Debt:** Adjusted net debt decreased by 3.5% in 2025, indicating improved cash management. * **Adjusted Net Debt to Adjusted EBITDA Ratio:** This ratio increased by 8.5%, suggesting a slight increase in leverage. Note: The percentages in the "Change (%)" column are calculated based on the provided data.
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88 Trading Edge
IGP
Intercede Group
Positive
Year End Trading Update
**Summary:** Intercede Group PLC, a leading cybersecurity software company specializing in digital identities, released its year-end trading update for the financial year ending 31 March 2026 (FY26). The company expects continued growth in Annual Recurring Revenue (ARR) driven by increased support, maintenance revenues, and adoption of subscription-based licensing. However, full-year revenue is anticipated to be 8-9% below market expectations due to procurement delays, particularly in the United States, and customer purchasing deferrals caused by geopolitical uncertainties, including the Middle East conflict. Adjusted EBITDA is expected to be 15-18% below expectations due to reduced revenues and ongoing strategic investments. Despite these challenges, Intercede emphasizes that delayed opportunities are not lost, with active customer engagements and improved order intake momentum in H2 FY26. The company maintains a strong cash position, a debt-free balance sheet, and reaffirms its FY27 revenue target of £21 million, reflecting confidence in the timing of delayed opportunities converting into orders as conditions stabilize. The strategic shift to a subscription-based model is accelerating, enhancing revenue quality and predictability. CEO Klaas van der Leest highlighted the robustness of the pipeline, the transition to recurring revenue, and the company’s strong financial position, positioning Intercede for long-term growth and shareholder value. A more detailed trading update is scheduled for 9 April 2026.
**Summary**
Intercede Group PLC, a leading cybersecurity software company specializing in digital identities, released its year-end trading update for the financial year ending 31 March 2026 (FY26). The company expects continued growth in Annual Recurring Revenue (ARR) driven by increased support, maintenance revenues, and adoption of subscription-based licensing. However, full-year revenue is anticipated to be 8-9% below market expectations due to procurement delays, particularly in the United States, and customer purchasing deferrals caused by geopolitical uncertainties, including the Middle East conflict. Adjusted EBITDA is expected to be 15-18% below expectations due to reduced revenues and ongoing strategic investments.
Despite these challenges, Intercede emphasizes that delayed opportunities are not lost, with active customer engagements and improved order intake momentum in H2 FY26. The company maintains a strong cash position, a debt-free balance sheet, and reaffirms its FY27 revenue target of £21 million, reflecting confidence in the timing of delayed opportunities converting into orders as conditions stabilize. The strategic shift to a subscription-based model is accelerating, enhancing revenue quality and predictability. CEO Klaas van der Leest highlighted the robustness of the pipeline, the transition to recurring revenue, and the company’s strong financial position, positioning Intercede for long-term growth and shareholder value. A more detailed trading update is scheduled for 9 April 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not provide explicit year-on-year financial data, the table is structured to reflect the key financial metrics mentioned for FY26 and the outlook for FY27, along with the debt status.
MetricFY26 (Expected)FY27 (Target)Debt Status
Revenue£17.2m - £17.5m
(8-9% below £18.7m expectation)		£21mDebt-free
Adjusted EBITDA£3.9m - £4.1m
(15-18% below £4.6m expectation)		N/A
Cash and Cash Equivalents£19.5m - £19.9m
(3-5% above £19.0m expectation)		N/A
Annual Recurring Revenue (ARR)Continued growthContinued growthN/A
### Explanation: 1. **Revenue (FY26)**: Expected to be 8-9% below the £18.7m market expectation, resulting in a range of £17.2m - £17.5m. 2. **Revenue (FY27)**: Targeted at £21m, reaffirming management's confidence in delayed opportunities converting. 3. **Adjusted EBITDA (FY26)**: Expected to be 15-18% below the £4.6m market expectation, resulting in a range of £3.9m - £4.1m. 4. **Cash and Cash Equivalents (FY26)**: Expected to be 3-5% above the £19.0m market expectation, resulting in a range of £19.5m - £19.9m. 5. **Debt Status**: The company maintains a debt-free balance sheet across both years. 6. **ARR**: Continued growth is expected in both FY26 and FY27 as part of the strategic shift to subscription-based models. This table provides a clear comparison of the key financial metrics and debt status for FY26 and FY27 based on the provided information.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
FNX
Fonix Mobile plc
Positive
Interim Results
**Summary of Fonix PLC Interim Results for H1 FY26 (6 months ended 31 December 2025)** **Financial Highlights:** - **Gross Profit:** Increased by 7.1% to £10.5 million (H1 FY25: £9.8 million). - **Adjusted EBITDA:** Rose by 6.4% to £8.3 million (H1 FY25: £7.8 million). - **Interim Dividend:** Increased to 3.10p per share (H1 FY25: 2.90p), in line with the progressive dividend policy. - **Adjusted PBT:** Grew by 2.6% to £8.0 million (H1 FY25: £7.8 million). - **Adjusted EPS:** Remained stable at 6.2p (H1 FY25: 6.2p). - **Underlying Cash:** Decreased by 16.4% to £9.2 million (H1 FY25: £11.0 million), primarily due to increased shareholder distributions. **Operational Highlights:** 1. **International Expansion:** - Successfully launched services in **Portugal** with a leading national broadcaster, showing early traction. - Pilot of interactive services in a **third European market** is underway. - Commenced expansion into a **fourth European market**, targeting service launch in FY27. 2. **Product Progress:** - **Campaign Manager:** Enhanced with infrastructure upgrades for scalability and international support. - **PayFlex:** Expanded to Ireland and two UK broadcasters, with plans for broader rollout. - **CompsPortal:** First customer launch in December 2025, with encouraging user engagement. - **RichMessaging:** Successful RCS messaging pilots with UK broadcasters, leading to expanded trials. 3. **Partnerships:** - Extended contract with **ITV** for live broadcast interactivity services, now in its tenth year. - Maintained high client retention (>99% recurring income). 4. **Platform Performance:** - Achieved 100% platform uptime throughout the period. - All key service lines (mobile payments, messaging, managed services) grew during the period. **Outlook:** - Continued momentum in core UK and Ireland markets, with encouraging international progress. - Strong pipeline of enterprise opportunities and focus on product innovation (PayFlex, CompsPortal, RichMessaging). - Board remains confident in delivering sustainable gross profit growth and long-term shareholder value, despite UK tax changes affecting certain gaming operators (which represent <6% of gross profit). **CEO’s Commentary (Rob Weisz):** - Highlighted strong H1 performance driven by product innovation, international expansion, and long-standing partnerships. - Emphasized resilience in the business model, with high recurring income and structural barriers to entry. - Acknowledged the potential impact of AI technologies and Fonix’s proactive integration of AI into its operations. **Key Financial Metrics:** - **Revenue:** Grew by 9% to £42.3 million (H1 FY25: £38.8 million). - **Gross Profit Margins:** Slightly decreased to 24.9% (H1 FY25: 25.2%) due to revenue mix changes. - **Total Payment Volumes (TPV):** Increased by 6.7% to £160 million (H1 FY25: £150 million). **Strategic Growth Pillars:** 1. **Technological Innovation:** Focus on PayFlex, CompsPortal, and RichMessaging to drive revenue growth. 2. **International Expansion:** Client-led expansion into Portugal, third, and fourth European markets. 3. **Sustainable Profitability:** Commitment to long-term profitability and shareholder value creation. **Conclusion:** Fonix PLC delivered a robust H1 FY26 performance, underpinned by strong financial results, strategic international expansion, and product innovation. The company remains well-positioned for sustainable growth, with a resilient business model and a clear focus on long-term value creation.
**Summary of Fonix PLC Interim Results for H1 FY26 (6 months ended 31 December 2025)**
**Financial Highlights**
**Gross Profit** Increased by 7.1% to £10.5 million (H1 FY25: £9.8 million).
**Adjusted EBITDA** Rose by 6.4% to £8.3 million (H1 FY25: £7.8 million).
**Interim Dividend** Increased to 3.10p per share (H1 FY25: 2.90p), in line with the progressive dividend policy.
**Adjusted PBT** Grew by 2.6% to £8.0 million (H1 FY25: £7.8 million).
**Adjusted EPS** Remained stable at 6.2p (H1 FY25: 6.2p).
**Underlying Cash** Decreased by 16.4% to £9.2 million (H1 FY25: £11.0 million), primarily due to increased shareholder distributions.
**Operational Highlights**
1. **International Expansion**
Successfully launched services in **Portugal** with a leading national broadcaster, showing early traction.
Pilot of interactive services in a **third European market** is underway.
Commenced expansion into a **fourth European market**, targeting service launch in FY27.
2. **Product Progress**
**Campaign Manager** Enhanced with infrastructure upgrades for scalability and international support.
**PayFlex** Expanded to Ireland and two UK broadcasters, with plans for broader rollout.
**CompsPortal** First customer launch in December 2025, with encouraging user engagement.
**RichMessaging** Successful RCS messaging pilots with UK broadcasters, leading to expanded trials.
3. **Partnerships**
Extended contract with **ITV** for live broadcast interactivity services, now in its tenth year.
Maintained high client retention (>99% recurring income).
4. **Platform Performance**
Achieved 100% platform uptime throughout the period.
All key service lines (mobile payments, messaging, managed services) grew during the period.
**Outlook**
Continued momentum in core UK and Ireland markets, with encouraging international progress.
Strong pipeline of enterprise opportunities and focus on product innovation (PayFlex, CompsPortal, RichMessaging).
Board remains confident in delivering sustainable gross profit growth and long-term shareholder value, despite UK tax changes affecting certain gaming operators (which represent <6% of gross profit).
**CEO’s Commentary (Rob Weisz)**
Highlighted strong H1 performance driven by product innovation, international expansion, and long-standing partnerships.
Emphasized resilience in the business model, with high recurring income and structural barriers to entry.
Acknowledged the potential impact of AI technologies and Fonix’s proactive integration of AI into its operations.
**Key Financial Metrics**
**Revenue** Grew by 9% to £42.3 million (H1 FY25: £38.8 million).
**Gross Profit Margins** Slightly decreased to 24.9% (H1 FY25: 25.2%) due to revenue mix changes.
**Total Payment Volumes (TPV)** Increased by 6.7% to £160 million (H1 FY25: £150 million).
**Strategic Growth Pillars**
1. **Technological Innovation** Focus on PayFlex, CompsPortal, and RichMessaging to drive revenue growth.
2. **International Expansion** Client-led expansion into Portugal, third, and fourth European markets.
3. **Sustainable Profitability** Commitment to long-term profitability and shareholder value creation.
**Conclusion**
Fonix PLC delivered a robust H1 FY26 performance, underpinned by strong financial results, strategic international expansion, and product innovation. The company remains well-positioned for sustainable growth, with a resilient business model and a clear focus on long-term value creation.
Here is the HTML table code comparing the financials and debt year on year for Fonix PLC:
MetricH1 FY26 (£'000)H1 FY25 (£'000)Change
Gross Profit10,5359,764+7.9%
Adjusted EBITDA8,3007,800+6.4%
Adjusted PBT8,0057,865+1.8%
Underlying Cash9,20011,000-16.4%
Total Payment Volumes (TPV)160,000150,000+6.7%
Revenue42,33438,750+9.2%
Adjusted EPS (pence)6.26.20.0%
Interim DPS (pence)3.12.9+6.9%

Note: Debt information is not explicitly mentioned in the provided text. The table above focuses on key financial metrics and their year-on-year changes.

This table summarizes the key financial metrics for Fonix PLC, comparing H1 FY26 with H1 FY25. The metrics include Gross Profit, Adjusted EBITDA, Adjusted PBT, Underlying Cash, Total Payment Volumes, Revenue, Adjusted EPS, and Interim DPS. The changes are calculated as percentages. Since debt information is not provided in the text, it is not included in the table.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
BRWM
Blackrock World Mining Trust Plc
Positive
Final Results
**Summary:** BlackRock World Mining Trust plc (the "Company") released its final results for the year ended 31 December 2025, highlighting a strong performance driven by positive demand trends from AI infrastructure build-out, energy transition, and precious metals demand. The Company reported a net asset value (NAV) total return of 74.2%, outperforming the reference index and FTSE All-Share Index. The share price total return was 74.1%. **Key Highlights:** - **Performance:** The Companys NAV total return was 74.2%, compared to 64.2% for the reference index and 24.0% for the FTSE All-Share Index. The share price total return was 74.1%. - **Dividends:** A proposed final dividend of 7.50p per share, making a total of 24.00p per share for the year, representing a 4.3% increase from 2024. - **Portfolio:** The Companys portfolio manager effectively managed exposure to commodities, precious metals, and unquoted assets, contributing to the strong performance. - **Gearing:** The Company operated with a flexible gearing policy, with a maximum gearing of 13.6% and an average gearing of 8.8% during the year. - **Share Buybacks:** The Company repurchased 4,335,000 shares at an average discount of 8.7% to NAV, with further buybacks post-year end. **Chairmans Statement:** The Chairman, Chip Goodyear, attributed the Companys success to its nimble "virtual mining company" approach, allowing it to adapt to market conditions and capitalize on opportunities. The Companys performance was driven by strong demand for critical minerals, precious metals, and its ability to manage exposure to various commodities. **Investment Managers Report:** The Investment Manager highlighted the Companys stellar performance, driven by positive demand trends, supply-side disruptions, and the critical minerals agenda. The Companys NAV total return was 74.2%, and the share price total return was 74.1%. Key contributors to performance included positions in Hycroft Mining, Kinross Gold, and the sale of the BHP Brazil Royalty. **Outlook:** The Company expects commodity markets to remain strong, driven by continued demand for critical minerals and precious metals. However, key risks include geopolitical fluctuations, slow growth in China, and concentration of capital spending related to technology and AI. **Financials:** - **Net Asset Value (NAV):** £1,598,428,000 (2024: £975,199,000) - **Revenue Profit:** £45,867,000 (2024: £44,127,000) - **Total Comprehensive Income:** £688,590,000 (2024: Loss of £119,941,000) - **Dividends Paid:** £43,260,000 (2024: £64,037,000) **Conclusion:** BlackRock World Mining Trust plc delivered a strong performance in 2025, driven by its ability to adapt to market conditions and capitalize on opportunities in the mining sector. The Companys focus on critical minerals, precious metals, and its nimble approach contributed to its success. Despite potential risks, the Company is well-positioned to continue delivering strong returns in the future.
**Summary**
BlackRock World Mining Trust plc (the "Company") released its final results for the year ended 31 December 2025, highlighting a strong performance driven by positive demand trends from AI infrastructure build-out, energy transition, and precious metals demand. The Company reported a net asset value (NAV) total return of 74.2%, outperforming the reference index and FTSE All-Share Index. The share price total return was 74.1%.
**Key Highlights**
**Performance** The Companys NAV total return was 74.2%, compared to 64.2% for the reference index and 24.0% for the FTSE All-Share Index. The share price total return was 74.1%.
**Dividends** A proposed final dividend of 7.50p per share, making a total of 24.00p per share for the year, representing a 4.3% increase from 2024.
**Portfolio** The Companys portfolio manager effectively managed exposure to commodities, precious metals, and unquoted assets, contributing to the strong performance.
**Gearing** The Company operated with a flexible gearing policy, with a maximum gearing of 13.6% and an average gearing of 8.8% during the year.
**Share Buybacks** The Company repurchased 4,335,000 shares at an average discount of 8.7% to NAV, with further buybacks post-year end.
**Chairmans Statement**
The Chairman, Chip Goodyear, attributed the Companys success to its nimble "virtual mining company" approach, allowing it to adapt to market conditions and capitalize on opportunities. The Companys performance was driven by strong demand for critical minerals, precious metals, and its ability to manage exposure to various commodities.
**Investment Managers Report**
The Investment Manager highlighted the Companys stellar performance, driven by positive demand trends, supply-side disruptions, and the critical minerals agenda. The Companys NAV total return was 74.2%, and the share price total return was 74.1%. Key contributors to performance included positions in Hycroft Mining, Kinross Gold, and the sale of the BHP Brazil Royalty.
**Outlook**
The Company expects commodity markets to remain strong, driven by continued demand for critical minerals and precious metals. However, key risks include geopolitical fluctuations, slow growth in China, and concentration of capital spending related to technology and AI.
**Financials**
**Net Asset Value (NAV):** £1598428000 (2024: £975199000)
**Revenue Profit:** £45867000 (2024: £44127000)
**Total Comprehensive Income:** £688590000 (2024: Loss of £119941000)
**Dividends Paid:** £43260000 (2024: £64037000)
**Conclusion**
BlackRock World Mining Trust plc delivered a strong performance in 2025, driven by its ability to adapt to market conditions and capitalize on opportunities in the mining sector. The Companys focus on critical minerals, precious metals, and its nimble approach contributed to its success. Despite potential risks, the Company is well-positioned to continue delivering strong returns in the future.
Here is a comparison of the financials and debt year on year for BlackRock World Mining Trust plc, presented as an HTML table:
Metric20252024Change
Net Assets (£'000)1,598,428975,199+63.9%
Net Asset Value per Share (pence)856.23510.53+67.7%
Ordinary Share Price (pence)804.00481.00+67.2%
Net Revenue Profit after Taxation (£'000)45,86744,127+3.9%
Total Dividends per Share (pence)24.0023.00+4.3%
Bank Loans (£'000)96,651135,739-28.8%
**Notes:** * The net assets and net asset value per share increased significantly in 2025, driven by strong performance in the mining sector and positive demand trends. * The ordinary share price also increased substantially, reflecting the strong performance of the underlying portfolio. * Net revenue profit after taxation increased slightly, while total dividends per share increased by 4.3%. * Bank loans decreased by 28.8%, indicating a reduction in debt levels. This table provides a concise overview of the key financials and debt metrics for BlackRock World Mining Trust plc, highlighting the significant improvements in 2025 compared to 2024.
06:01
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Netcall plc (AIM: NET), an enterprise software company that unites automation and customer engagement in one AI-powered platform, announces the <mark style="background-color:yellow">purchase</mark> of 5,000 ordinary shares of 5 pence each …

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SAIN
SAIN Scottish American Investmen…
15:52
Market

Transaction in Own Shares

Open Terminal Source RNS
FSFL
FSFL Foresight Solar Fund Ltd
15:52
Market

Transaction in Own Shares

Open Terminal Source RNS
FCIT
FCIT F&C Investment Trust PLC
15:52
Market

Transaction in Own Shares

Open Terminal Source RNS
BGEU
BGEU Baillie Gifford European Gr…
15:51
Market

Transaction in Own Shares

Open Terminal Source RNS
ASL
ASL Aberforth Smaller Companies…
15:51
Market

Transaction in Own Shares

Open Terminal Source RNS
BPM
BPM B P Marsh and Partners PLC
15:49
Market

Sale of Interest in Amiga to Sodalis

Open Terminal Source RNS
0MGD
0MGD Jyske Bank A/S
15:47
Market

Ordinær generalforsamling i Jyske Bank A/S den 17. marts 2026

Open Terminal Source RNS
0MGD
0MGD Jyske Bank A/S
15:47
Market

Annual General Meeting of Jyske Bank A/S on 17 March 2026

Open Terminal Source RNS
DOM
DOM Domino’s Pizza Group PLC
15:46
Market

Director/PDMR Shareholding

Open Terminal Source RNS
SMT
SMT Scottish Mortgage Investmen…
15:45
Market

Transaction in Own Shares

Open Terminal Source RNS
DRX
DRX Drax Group PLC
15:44
Market

Director/PDMR Shareholding

Open Terminal Source RNS
BGUK
BGUK Baillie Gifford UK Growth F…
15:43
Market

Transaction in Own Shares

Open Terminal Source RNS
UPL
UPL Upland Resources Ltd
15:34
Market

Strategic Investment by US investor group

Open Terminal Source RNS
STS
STS STS Global Income & Growth …
15:34
Market

Transaction in Own Shares

Open Terminal Source RNS
71LF
71LF 71LF
15:34
Market

ISM_MSBV_PARTIAL RETIREMENT17-03-2026

Open Terminal Source RNS
DO72
DO72 DO72
15:34
Market

ISM_MSESE_PARTIAL RETIREMENT_17-03-2026

Open Terminal Source RNS
71LF
71LF 71LF
15:33
Market

ISM_MSBV_EARLY REDEMPTION_17-03-2026

Open Terminal Source RNS
BEZ
BEZ Beazley plc
15:31
Market

Notice of AGM

Open Terminal Source RNS
OCDO
OCDO Ocado Group PLC
15:31
Market

Director/PDMR Shareholding

Open Terminal Source RNS
SDR
SDR Schroders PLC
15:31
Market

Form 8.3 - LondonMetric Property Plc Amendment

Open Terminal Source RNS
RTO
RTO Rentokil Initial PLC
15:31
Market

Director/PDMR Shareholding

Open Terminal Source RNS
CBG
CBG Close Brothers Group plc
15:31
Market

Transaction in Own Shares

Open Terminal Source RNS
PSON
PSON Pearson PLC
15:29
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of ADRs
Open Terminal Source RNS
IAG
IAG International Consolidated …
15:29
Market

Total Voting Rights

Open Terminal Source RNS
BNZL
BNZL Bunzl PLC
15:21
Market

Annual Financial Report

Open Terminal Source RNS
SDR
SDR Schroders PLC
15:20
Market

Form 8.3

Open Terminal Source RNS
BEZ
BEZ Beazley plc
15:19
Market

Form 8.3

Open Terminal Source RNS
JUST
JUST Just Group plc
15:17
Market

Form 8.3

Open Terminal Source RNS
ITRK
ITRK Intertek Group PLC
15:16
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['BlackRock, Inc.', '8.310000', '8.010000']
Open Terminal Source RNS
JTC
JTC JTC PLC
15:14
Market

Form 8.3

Open Terminal Source RNS
FEN
FEN Frenkel Topping Group
15:11
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['JPMorgan Chase & Co.', '5.896145', '0.125069']
Open Terminal Source RNS
IPF
IPF International Personal Fina…
15:10
Market

Form 8.3

Open Terminal Source RNS
0A28
0A28 Prosus N.V.
15:08
Market

Transaction in Own Shares

Open Terminal Source RNS
71GA
71GA 71GA
15:03
Market

Publication of Final Terms

Open Terminal Source RNS
BATS
BATS British American Tobacco PLC
15:01
Market

Issue of Shares

Open Terminal Source RNS
IBST
IBST Ibstock PLC
15:01
Market

Director/PDMR Shareholding

Open Terminal Source RNS
MACA
MACA Mac Alpha Ltd.
15:01
Market

Interim Financial Statements to 31 December 2025

Open Terminal Source RNS
TEM
TEM Templeton Emerging Markets …
14:48
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['City of London Investment Management Company Limited', '18.990000', '19.996000']
Open Terminal Source RNS
GPE
GPE GREAT PORTLAND ESTATES PLC
14:45
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['First Eagle Investment Management, LLC', '5.054403', 0]
Open Terminal Source RNS
CVCE
CVCE CVC Income & Growth Limited
14:43
Market

Share Price Movement Update

Open Terminal Source RNS
JUST
JUST Just Group plc
14:40
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Morgan Stanley', '5.981125', '6.100970']
Open Terminal Source RNS
ASHM
ASHM Ashmore Group Plc
14:37
Market

Director/PDMR Shareholding

Open Terminal Source RNS
UPR
UPR Uniphar Group PLC
14:36
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
BARC
BARC Barclays PLC
14:32
Market

Form 8.3 NCC GROUP PLC

Open Terminal Source RNS
ATG
ATG Auction Technology Group PLC
14:32
Market

Reduction of Capital Effective

Open Terminal Source RNS
CCR
CCR C&C Group plc
14:31
Market

Director/PDMR Shareholding

C&C has been informed that, on 16 March 2026, the Persons Discharging Managerial Responsibilities (PDMRs) detailed below <mark style="background-color:yellow">purchase</mark>d through the Companys UK administered Share Incentive Plan (SIP)…

C&C has been informed that, on 16 March 2026, the Persons Discharging Managerial Responsibilities (PDMRs) detailed below <mark style="background-color:yellow">purchase</mark>d through the Companys UK administered Share Incentive Plan (SIP) and Irish administered Revenue Approved Profit-Sharing Scheme (APSS), ordinary shares in the Company (Partnership Shares under the SIP and Contributory Shares under the APSS). Under the terms of the SIP/APSS, each eligible employee can choose to purchase Partnership Shares/Contributory Shares from their gross pay as a lump sum or as a monthly contribution, and the share purchases are matched by C&C (Matching Shares).
Open Terminal Source RNS
GSK
GSK GSK plc
14:31
Market

Director/PDMR Shareholding

Open Terminal Source RNS
BARC
BARC Barclays PLC
14:29
Market

Form 8.3 JUST GROUP PLC

Open Terminal Source RNS
CAN
CAN Groupe Canal Plus
14:29
Market

Director/PDMR Shareholding

Open Terminal Source RNS
BARC
BARC Barclays PLC
14:27
Market

Form 8.3 BRITISH LAND COMPANY PLC, THE

Open Terminal Source RNS
CAN
CAN Groupe Canal Plus
14:27
Market

Director/PDMR Shareholding

Open Terminal Source RNS
BARC
BARC Barclays PLC
14:26
Market

Form 8.3 IQE PLC

Open Terminal Source RNS
VINO
VINO Virgin Wines UK PLC
14:24
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
BRIG
BRIG BlackRock Income and Growth…
14:24
Market

Result of AGM

Open Terminal Source RNS
GJ03
GJ03 GJ03
14:22
Market

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

Open Terminal Source RNS
64RG
64RG 64RG
14:20
Market

Publication of a Prospectus

Open Terminal Source RNS
PALM
PALM Panther Metals PLC
14:14
Market

Winston Tailings Project: Batch 1 Assay Results

Open Terminal Source RNS
CTL
CTL CleanTech Lithium plc
14:09
Market

Issue of Equity, TVR and Blocklisting Application

Open Terminal Source RNS
MAB
MAB Mitchells & Butlers PLC
14:05
Market

Admission to Trading

Open Terminal Source RNS
PIP
PIP PipeHawk plc
14:05
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Stephen Bayliss', '8.085600', '7.340000']
Open Terminal Source RNS
SDR
SDR Schroders PLC
14:02
Market

Form 8.3 - LondonMetric Property Plc

Open Terminal Source RNS
MSLH
MSLH Marshalls PLC
14:02
Market

Director/PDMR Shareholding

Open Terminal Source RNS
JTC
JTC JTC PLC
14:01
Market

Form 8.3 - Amendment

Open Terminal Source RNS
AA4
AA4 Amedeo Air Four Plus Limited
14:01
Market

Form 8.3

Open Terminal Source RNS
LMP
LMP LondonMetric Property Plc
14:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['BlackRock, Inc.', '2.700000', '3.020000']
Open Terminal Source RNS
DGE
DGE Diageo PLC
14:01
Market

Director/PDMR Shareholding

Open Terminal Source RNS
SERE
SERE Schroder European Reit Plc
14:01
Market

Result of AGM

Open Terminal Source RNS
QLT
QLT Quilter PLC
14:01
Market

Form 8.3 - British Land Company plc

Open Terminal Source RNS
QLT
QLT Quilter PLC
14:01
Market

Form 8.3 - LondonMetric Property Plc

Open Terminal Source RNS
MSLH
MSLH Marshalls PLC
14:00
Market

Director/PDMR Shareholding

Open Terminal Source RNS
EGL
EGL Ecofin Global Utilities and…
13:54
Market

Portfolio Update as at 28 February 2026

Open Terminal Source RNS
IPF
IPF International Personal Fina…
13:48
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['JPMorgan Chase & Co.', '1.745135', '1.251055']
Open Terminal Source RNS
IAD
IAD Invesco Asia Dragon Trust p…
13:45
Market

Director/PDMR Shareholding

Open Terminal Source RNS
ZCC
ZCC ZCCM Investments Holdings P…
13:44
Market

Announcement re: Ongoing Negotiations

Open Terminal Source RNS
HVT
HVT Heavitree Brewery
13:42
Market

Director/PDMR Shareholding

Open Terminal Source RNS
CLBS
CLBS Celebrus Technologies plc
13:36
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Herald Investment Management Limited', '4.880000', 0]
Open Terminal Source RNS
BA.
BA. BA.
13:31
Market

Director/PDMR Shareholding

Open Terminal Source RNS
TGE
TGE TGE
13:28
Market

TGE's Latest Film "Scare Out" Surpasses US$190 Million at the Global Box Office

Open Terminal Source RNS
SPI
SPI Spire Healthcare Group Plc
13:20
Market

Form 8.3 - The Vanguard Group, Inc.: Spire Healthcare Group PLC

Open Terminal Source RNS
SNR
SNR Senior PLC
13:19
Market

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

Open Terminal Source RNS
SDR
SDR Schroders PLC
13:18
Market

Form 8.3 - The Vanguard Group, Inc.: Schroders PLC

Open Terminal Source RNS
PCTN
PCTN Picton Property Income Ltd
13:17
Market

Form 8.3 - The Vanguard Group, Inc.: Picton Property Income Ltd

Open Terminal Source RNS
SNR
SNR Senior PLC
13:16
Market

Form 8.3

Open Terminal Source RNS
NCC
NCC NCC Group plc
13:15
Market

The Vanguard Group, Inc.: NCC Group PLC

Open Terminal Source RNS
TTST
TTST Tata Steel Limited
13:15
Market

Disclosure under Reg 30&51 of SEBI LODR, 2015

Open Terminal Source RNS
LMP
LMP LondonMetric Property Plc
13:14
Market

Form 8.3 - The Vanguard Group, Inc.: LondonMetric Property PLC

Open Terminal Source RNS
JUST
JUST Just Group plc
13:13
Market

Form 8.3 - The Vanguard Group, Inc.: Just Group PLC

Open Terminal Source RNS
JTC
JTC JTC PLC
13:11
Market

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

Open Terminal Source RNS
IPF
IPF International Personal Fina…
13:10
Market

Form 8.3 - The Vanguard Group, Inc.: International Personal Finance PLC

Open Terminal Source RNS
BLND
BLND British Land Company PLC
13:09
Market

Form 8.3 - The Vanguard Group, Inc.: British Land Co PLC/The

Open Terminal Source RNS
COA
COA Coats Group PLC
13:08
Market

Director/PDMR Shareholding

Open Terminal Source RNS
BSIF
BSIF Bluefield Solar Income Fund
13:07
Market

Form 8.3 - The Vanguard Group, Inc.: Bluefield Solar Income Fund Ltd

Open Terminal Source RNS
BEZ
BEZ Beazley plc
13:05
Market

Form 8.3 - The Vanguard Group, Inc.: Beazley PLC

Open Terminal Source RNS
SCF
SCF Schroder Income Growth Fund
13:04
Market

Citywire Webinar

Open Terminal Source RNS
0RPK
0RPK Grand City Properties S.A.
13:04
Market

Grand City Properties S.A. publishes reasoned statement of Board of Directors on voluntary public exchange offer by Aroundtown SA, recommends that shareholders accept the offer

Im unable to provide a summary without the text.

Im unable to provide a summary without the text.
Offers
Open Terminal Source RNS
AV.
AV. AV.
13:03
Market

Form 8.3 - LondonMetric Property plc

Open Terminal Source RNS
JDW
JDW J D Wetherspoon PLC
13:01
Market

Wetherspoon and Business Rates Reform

Open Terminal Source RNS
OSB
OSB OneSavings Bank PLC
12:56
Market

Notification of admission to trading

Open Terminal Source RNS
MNG
MNG M&G Plc
12:56
Market

Form 8.3 - BEAZLEY PLC

Open Terminal Source RNS
SNR
SNR Senior PLC
12:55
Market

Form 8.3

Open Terminal Source RNS
BARC
BARC Barclays PLC
12:52
Market

Form 8.3 LIFE SCIENCE REIT PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
12:52
Market

Form 8.3 SPIRE HEALTHCARE GROUP PLC

Open Terminal Source RNS
FRP
FRP Frp Advisory Group Plc
12:50
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Raymond James Wealth Management Limited', '4.990000', '5.020000']
Open Terminal Source RNS
ESNT
ESNT Essentra PLC
12:42
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of shares
Open Terminal Source RNS
BK64
BK64 BK64
12:36
Market

Results of Eighth Consent Requests & STID Proposal

Open Terminal Source RNS
JUST
JUST Just Group plc
12:36
Market

Form 8.3

Open Terminal Source RNS
XGDU
XGDU Xtrackers IE Physical Gold …
12:35
Market

Publication of Final Terms

Open Terminal Source RNS
ICGT
ICGT ICG Enterprise Trust PLC
12:35
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
Open Terminal Source RNS
AEI
AEI abrdn Equity Income Trust p…
12:34
Market

Results of the Scheme and Issue of New Shares

Open Terminal Source RNS
AW14
AW14 AW14
12:30
Market

Results of Eighth Consent Requests & STID Proposal

Open Terminal Source RNS
JTC
JTC JTC PLC
12:30
Market

Form 8.3

Open Terminal Source RNS
IPF
IPF International Personal Fina…
12:28
Market

Form 8.3

Open Terminal Source RNS
CAU
CAU Centaur Media
12:26
Market

Result of Court Hearing

Open Terminal Source RNS
CLBS
CLBS Celebrus Technologies plc
12:26
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Rathbones Investment Management Ltd', '9.860600', '10.952600']
Open Terminal Source RNS
0UKH
0UKH Bank of Montreal
12:24
Market

Pre-Stabilisation Notice - L-Bank

Open Terminal Source RNS
BARC
BARC Barclays PLC
12:22
Market

Form 8.3 JTC PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
12:22
Market

Form 8.3 INTERNATIONAL PERSONAL FINANCE PLC

Open Terminal Source RNS
CCL
CCL Carnival PLC
12:16
Market

CARNIVAL CORPORATION & PLC TO HOLD CONFERENCE CALL ON FIRST QUARTER EARNINGS

Open Terminal Source RNS
SDR
SDR Schroders PLC
12:14
Market

Form 8.3 - British Land Company Plc

Open Terminal Source RNS
ALL
ALL Atlantic Lithium Ltd
12:04
Market

Corporate Funding Update - Amendment

Open Terminal Source RNS
SNR
SNR Senior PLC
12:04
Market

Form 8.3

Open Terminal Source RNS
93RD
93RD 93RD
12:03
Market

Notice of Redemption to Holders

Open Terminal Source RNS
CTEC
CTEC ConvaTec Group PLC
12:01
Market

Notice of AGM

Open Terminal Source RNS
SANB
SANB SANTANDER UK 8 5/8% NON-CUM…
11:58
Market

Publication of a Prospectus

Open Terminal Source RNS
ENSI
ENSI EnSilica PLC
11:56
Market

Holdings in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
IRSH
IRSH IRSH
11:32
Market

Form 8.3 - Beazley plc Replacement

Open Terminal Source RNS
IRSH
IRSH IRSH
11:31
Market

Form 8.3 - Beazley plc

Open Terminal Source RNS
QLT
QLT Quilter PLC
11:31
Market

Annual Financial Report and Notice of AGM

Open Terminal Source RNS
SHRA
SHRA SHRA
11:29
Market

Result of 2nd General Meeting & Scheme Entitlement

Open Terminal Source RNS
IRSH
IRSH IRSH
11:29
Market

Form 8.3 - Schroders plc

Open Terminal Source RNS
IRSH
IRSH IRSH
11:28
Market

Form 8.3 - Just Group plc

Open Terminal Source RNS
IRSH
IRSH IRSH
11:28
Market

Form 8.3 - British Land Company plc

Open Terminal Source RNS
IRSH
IRSH IRSH
11:27
Market

Form 8.3 - JTC plc

Open Terminal Source RNS
IRSH
IRSH IRSH
11:26
Market

Form 8.3 - Life Science REIT plc

Open Terminal Source RNS
43RA
43RA 43RA
11:26
Market

Publication of a Supplementary Prospectus

Open Terminal Source RNS
IPF
IPF International Personal Fina…
11:16
Market

Form 8.3

Open Terminal Source RNS
N4P
N4P N4 Pharma PLC
11:15
Market

Result of General Meeting and Change of Name

Open Terminal Source RNS
EYE
EYE Eagle Eye Solutions Group p…
11:12
Market

Issue of Equity

Open Terminal Source RNS
IDOX
IDOX IDOX plc
11:11
Market

Form 8.3

Open Terminal Source RNS
WIX
WIX Wickes Group PLC
11:10
Market

Publication of the Annual Report & Accounts 2025

Open Terminal Source RNS
AUGM
AUGM Augmentum Fintech PLC
11:09
Market

Form 8.3

Open Terminal Source RNS
FGT
FGT Finsbury Growth & Income Tr…
11:07
Market

Director/PDMR Shareholding

Open Terminal Source RNS
OSEC
OSEC Octopus Aim VCT 2 PLC
11:01
Market

Admission of Further Securities to Trading

Open Terminal Source RNS
OOA
OOA Octopus Aim Vct Plc
11:01
Market

Admission of Further Securities to Trading

Open Terminal Source RNS
BUR
BUR Burford Capital Limited
11:01
Market

Completion of Share Repurchase Program

Open Terminal Source RNS
LSEG
LSEG London Stock Exchange Group…
11:01
Market

Notice of AGM

Open Terminal Source RNS
ABDN
ABDN Abrdn PLC
10:59
Market

Form 8.3 - Picton Property Income Ltd

Open Terminal Source RNS
GCG
GCG Golden Rock Global Plc
10:56
Market

Convertible Loan Note Fundraising Update

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:54
Market

Form 8.5 EPT/Non RI SENIOR PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:53
Market

Form 8.5 EPT/Non RI BEAZLEY PLC

Open Terminal Source RNS
MAB1
MAB1 Mortgage Advice
10:53
Market

Notification of Holding(s) in Company

TR1 Buy

TR1 Buy
['Liontrust Investment Partners LLP', '13.012000', '12.990000']
Open Terminal Source RNS
0UKI
0UKI Bank of Nova Scotia
10:52
Market

Form 8.3 - Just Group plc

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:52
Market

Form 8.5 EPT/Non RI LONDONMETRIC PROPERTY PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:52
Market

Form 8.5 EPT/Non RI SCHRODERS PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:52
Market

Form 8.5 EPT/Non RI CAB PAYMENTS HOLDINGS PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:51
Market

Form 8.5 EPT/Non RI PICTON PROPERTY INCOME LIMITED

Open Terminal Source RNS
PPET
PPET Patria Private Equity Trust
10:45
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Aberdeen Group plc', '56.088617', '56.001026']
Open Terminal Source RNS
RAT
RAT Rathbone Brothers PLC
10:40
Market

Form 8.3 - Picton Property Income Limited

Open Terminal Source RNS
RAT
RAT Rathbone Brothers PLC
10:39
Market

Form 8.3 - Life Science REIT Plc

Open Terminal Source RNS
FUM
FUM Futura Medical
10:38
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Mr R McAlpine', '3.44', 0]
Open Terminal Source RNS
RAT
RAT Rathbone Brothers PLC
10:38
Market

Form 8.3 - LondonMetric Property Plc

Open Terminal Source RNS
RAT
RAT Rathbone Brothers PLC
10:36
Market

Form 8.3 - British Land Co plc

Open Terminal Source RNS
RAT
RAT Rathbone Brothers PLC
10:35
Market

Form 8.3 - Bluefield Solar Income Fund Ltd

Open Terminal Source RNS
KNOS
KNOS Kainos Group PLC
10:29
Market

Director/PDMR shareholdings

Open Terminal Source RNS
BIPS
BIPS Invesco Bond Income Plus Li…
10:26
Market

Director/PDMR Shareholding

<mark style="background-color:yellow">Purchase</mark> of Shares (via Dividend Re-investment Plan)

<mark style="background-coloryellow">Purchase</mark> of Shares (via Dividend Re-investment Plan)
Open Terminal Source RNS
RENX
RENX Renalytix AI plc
10:23
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['First Equity Limited', '4.105088', '3.157760']
Open Terminal Source RNS
PGOO
PGOO Proven Growth and Income Vc…
10:21
Market

ProVen Growth and Income VCT plc: Issue of Equity

Open Terminal Source RNS
IMB
IMB Imperial Brands PLC
10:16
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Spring Mountain Investments Ltd', '4.797790', '5.857089']
Open Terminal Source RNS
BEZ
BEZ Beazley plc
10:13
Market

Form 8.3

Open Terminal Source RNS
VEL
VEL Velocity Composites plc
10:12
Market

Result of AGM

Open Terminal Source RNS
BRK
BRK Brooks Macdonald Group
10:11
Market

Form 8.3 - LondonMetric Property plc

Open Terminal Source RNS
PVN
PVN Proven Vct PLC
10:10
Market

ProVen VCT plc: Issue of Equity

Open Terminal Source RNS
0RHE
0RHE Orsted A/S
10:09
Market

Notice of the 2026 annual general meeting of Ørsted A/S

Open Terminal Source RNS
SSPG
SSPG SSP Group PLC
10:02
Market

Director/PDMR Shareholding

<mark style="background-color:yellow">Purchase</mark> of Partnership Shares and the right to Matching Shares under the Matching Award element of the ISIP.

<mark style="background-coloryellow">Purchase</mark> of Partnership Shares and the right to Matching Shares under the Matching Award element of the ISIP.
Open Terminal Source RNS
LDG
LDG Logistics Development Group…
10:01
Market

Portfolio company update - acquisition

Open Terminal Source RNS
CTEC
CTEC ConvaTec Group PLC
10:01
Market

Director/PDMR Shareholding

Open Terminal Source RNS
FLTR
FLTR Flutter Entertainment PLC
10:01
Market

Transaction in Own Shares

Open Terminal Source RNS
VUL
VUL VUL
09:56
Market

Result of General Meeting

Open Terminal Source RNS
BWY
BWY Bellway PLC
09:53
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.', '4.759662', 'Below minimum threshold']
Open Terminal Source RNS
FDR
FDR First Development Resources…
09:53
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['First Equity Limited', '5.388211', '4.885311']
Open Terminal Source RNS
GLDA
GLDA Amundi Physical Gold ETC C
09:49
Market

Amundi Physical Metals plc: UK Final Terms

Open Terminal Source RNS
FERG
FERG Ferguson Plc
09:46
Market

Ferguson Enterprises Inc. (“Company”): Director/PDMR Shareholding

Open Terminal Source RNS
GLDA
GLDA Amundi Physical Gold ETC C
09:43
Market

Amundi Physical Metals plc: Final Terms

Open Terminal Source RNS
RCH
RCH Reach PLC
09:39
Market

Annual Report Publication

Open Terminal Source RNS
CTA
CTA CT Automotive Group PLC
09:34
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Peter Gyllenhammar AB', '3.696000', 0]
Open Terminal Source RNS
ESNT
ESNT Essentra PLC
09:31
Market

Directorate change

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PXEN
PXEN Prospex Energy PLC
09:31
Market

Conversion of Loan Notes and TVR

Open Terminal Source RNS
CTA
CTA CT Automotive Group PLC
09:29
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Premier Miton Group plc', '3.823744', '9.282517']
Open Terminal Source RNS
ESNT
ESNT Essentra PLC
09:29
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of shares
Open Terminal Source RNS
BCE
BCE Beacon Energy PLC
09:27
Market

Notification of Major Holdings

TR1 Buy

TR1 Buy
['Spreadex LTD', '3.229400', '3.229400']
Open Terminal Source RNS
BRK
BRK Brooks Macdonald Group
09:26
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Liontrust Investment Partners LLP', '13.953000', '14.791000']
Open Terminal Source RNS
TRN
TRN Trainline Plc
09:22
Market

Transaction in Own Shares

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ZCC
ZCC ZCCM Investments Holdings P…
09:15
Market

Directorate change

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DAT
DAT Datang Intl Power Gen Co-h
09:15
Market

Notice of board of directors meeting

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0H7D
0H7D Deutsche Bank AG NA O.N.
09:13
Market

Form 8.5 (EPT/RI) Int Personal Finance plc

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0H7D
0H7D Deutsche Bank AG NA O.N.
09:12
Market

Form 8.5 (EPT/RI) JTC plc

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17WI
17WI 17WI
09:12
Market

Post Stabilisation Notice Handelsbanken 3yr/7yr SP

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0H7D
0H7D Deutsche Bank AG NA O.N.
09:11
Market

Form 8.5 (EPT/RI) Senior plc

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0H7D
0H7D Deutsche Bank AG NA O.N.
09:11
Market

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

Open Terminal Source RNS
TLW
TLW Tullow Oil PLC
09:07
Market

Director/PDMR Shareholding

Open Terminal Source RNS
HGEN
HGEN Hydrogenone Capital Growth …
09:05
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['First Equity Limited', '0.000000', '3.726130']
Open Terminal Source RNS
KCR
KCR KCR Residential Reit PLC
09:04
Market

Interim Results

**Summary of KCR Residential REIT PLC Interim Results for H1 2026** **Overview** KCR Residential REIT PLC, a UK-based residential REIT, reported unaudited consolidated results for the six months ending 31 December 2025. The period saw…

**Summary of KCR Residential REIT PLC Interim Results for H1 2026**
**Overview**
KCR Residential REIT PLC, a UK-based residential REIT, reported unaudited consolidated results for the six months ending 31 December 2025. The period saw continued growth in core rental income, driven by improved performance at Deanery Court and incremental rental increases across the portfolio. Despite challenging operating conditions, including higher interest rates and inflationary pressures, the company made progress in optimizing asset performance and controlling costs.
**Key Highlights**
1. **Revenue Growth**
Revenue increased by 15% to £1,092k (H1 2024: £950k), primarily due to improved performance at Deanery Court and rental increases across the portfolio.
Deanery Court achieved an average occupancy of 86% (H1 2024: 66%), while the rest of the portfolio maintained strong occupancy (>97%).
2. **Operational Performance**
Positive operating cash flow rose to £218k (H1 2024: £32k), the strongest outcome to date, reflecting the success of the business plan over the past five years.
Net cash used in operating activities reduced by 31% to £180k (H1 2024: £261k), despite higher finance costs.
3. **Cost Management**
Inflationary pressures made cost reductions challenging, but costs were tightly controlled.
Cost-saving measures implemented during the period are expected to reduce administrative expenses and cost of sales in H2 2026.
4. **Strategic Focus**
The company remains focused on optimizing existing assets, upgrading portfolio quality, exploring development opportunities, and controlling costs.
Lease expiries and tenant churn are actively managed to maximize rental income.
5. **Financial Performance**
Gross profit increased by 16% to £841k (H1 2024: £723k), with a gross margin of 77% (H1 2024: 76.10%).
Operating profit before separately disclosed items was £76k (H1 2024: £798k), with the prior year benefiting from non-cash revaluation gains.
Loss for the period was £377k (H1 2024£433k profit), primarily due to higher finance costs.
6. **Portfolio Updates**
Refurbishment works at Heathside were completed, with two flats now being let.
The transition of Coleherne Road to a minimum six-month tenancy period was successfully completed, expected to stabilize income and reduce operating costs.
Planning submissions for Ladbroke Grove properties are pending, with a strategy to be formalized upon outcome.
7. **Cash Position**
Cash balances at period-end were £0.43m (H1 2024: £0.47m), with ongoing efforts to achieve a cash-neutral position.
**Challenges and Outlook**
Higher finance costs and inflationary pressures continue to challenge the company’s cash neutrality goal.
Tightness in debt markets and higher debt costs limit acquisition opportunities.
The company expects further improvements in operational performance and cost control over the next 12 months.
**Conclusion**
KCR Residential REIT PLC demonstrated resilience in H1 2026, achieving revenue growth and operational improvements despite a challenging environment. The company remains committed to its strategic objectives, focusing on asset optimization and cost management to drive long-term value for shareholders.
Here’s an HTML table comparing the financials and debt year on year for KCR Residential REIT PLC based on the provided text:
MetricSix Months Ended 31 December 2025Six Months Ended 31 December 2024Year Ended 30 June 2025 (Audited)
Revenue£1,092,414£950,103£1,885,144
Gross Profit£841,184£722,850£1,466,098
Operating Profit Before Separately Disclosed Items£75,618£797,519£1,266,836
Operating Profit£12,024£713,529£990,013
(Loss)/Profit Before Taxation(£377,278)£432,596£327,641
(Loss)/Profit for the Period(£377,278)£432,596£327,641
Basic (Loss)/Profit per Share (pence)(0.91)1.040.79
Total Assets£27,500,041£27,136,724£27,310,839
Secured Bank Borrowings£14,561,215£13,904,324£14,135,965
Cash and Cash Equivalents£427,498£472,652£174,312
Net Asset Value per Share (pence)29.4530.6130.36
Net Cash Used in Operating Activities(£179,751)(£261,192)(£800,119)
### Key Observations: 1. **Revenue Growth**: Revenue increased by 15% year-on-year to £1,092,414 in the six months ended 31 December 2025, driven by improved performance at Deanery Court and rental increases across the portfolio. 2. **Profitability**: The company reported a loss of £377,278 in the six months ended 31 December 2025, compared to a profit of £432,596 in the same period in 2024, primarily due to higher finance costs and inflationary pressures. 3. **Debt Levels**: Secured bank borrowings increased to £14,561,215 in the six months ended 31 December 2025 from £13,904,324 in the same period in 2024. 4. **Cash Position**: Cash and cash equivalents decreased slightly to £427,498 in the six months ended 31 December 2025 from £472,652 in the same period in 2024. 5. **Net Asset Value**: Net asset value per share decreased to 29.45 pence in the six months ended 31 December 2025 from 30.61 pence in the same period in 2024. This table provides a clear comparison of key financial metrics and debt levels year on year.
Open Terminal Source RNS
AJOT
AJOT AVI Japan Opportunity Trust…
09:03
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Finda Oy', '8.990000', '9.240000']
Open Terminal Source RNS
GJ03
GJ03 GJ03
09:03
Market

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

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RHR
RHR Responsible Housing REIT PLC
09:01
Market

Update re Martello Gold Project

Open Terminal Source RNS
OXIG
OXIG Oxford Instruments PLC
09:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Artemis Investment Management LLP', '14.37031', '14.33528']
Open Terminal Source RNS
INVP
INVP Investec PLC
09:01
Market

Share Scheme Purchases

Open Terminal Source RNS
BP.
BP. BP.
09:01
Market

Payment of dividends in sterling

Open Terminal Source RNS
RWA
RWA Robert Walters
09:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Liontrust Investment Partners LLP', '14.999000', '15.998400']
Open Terminal Source RNS
HMSO
HMSO Hammerson PLC
09:01
Market

Director/PDMR Shareholding

Open Terminal Source RNS
PAG
PAG Paragon Banking Group PLC
08:57
Market

Transaction in Own Shares

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AJOT
AJOT AVI Japan Opportunity Trust…
08:57
Market

Issue of Equity

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JAR
JAR Jardine Matheson Holdings L…
08:56
Market

Director/PDMR Shareholding

Open Terminal Source RNS
STEM
STEM SThree plc
08:51
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['FIL Limited', '10.007300', '5.041600']
Open Terminal Source RNS
IPF
IPF International Personal Fina…
08:50
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['JPMorgan Chase & Co.', '1.251055', '1.811638']
Open Terminal Source RNS
PAGE
PAGE Pagegroup PLC
08:45
Market

Director/PDMR Shareholding

Open Terminal Source RNS
FCM
FCM First Class Metals PLC
08:35
Market

Additional Visible Gold at Roy, Sunbeam

Open Terminal Source RNS
PHE
PHE PowerHouse Energy Group Plc
08:21
Market

Publication of Research Report

Open Terminal Source RNS
BOKU
BOKU Boku Inc
08:20
Market

Share Buyback Programme

**Summary:** Boku, Inc. (AIM: BOKU), a global network of Local Payment Methods (LPMs), announced on March 17, 2026, the launch of a share buyback programme. The companys board approved the repurchase of up to 4,000,000 common shares (appr…

**Summary**
Boku, Inc. (AIMBOKU), a global network of Local Payment Methods (LPMs), announced on March 17, 2026, the launch of a share buyback programme. The companys board approved the repurchase of up to 4,000,000 common shares (approximately 5% of its issued common stock) to be held in Treasury. This decision is driven by the belief that the current share price undervalues the company, and the buyback represents a strategic use of its growing cash reserves while supporting long-term growth plans. The programme aims to minimize future shareholder dilution by using repurchased shares for warrant obligations or staff equity remuneration.
Investec Bank plc will execute the buyback, adhering to pre-set parameters, including price limits based on market averages and independent trades. The programme will run from March 17, 2026, to September 30, 2026, or until the maximum number of shares is purchased. Due to limited trading liquidity, the buyback may represent a significant portion of daily trading volume, exempting the company from certain UK Market Abuse Regulation provisions.
Boku, founded in 2008 and headquartered in London, provides merchants with access to over 7 billion consumer payment accounts worldwide through its network of payment methods. The company serves major technology, media, and entertainment firms, offering services like Direct Carrier Billing, Digital Wallets, and cross-border funds settlement.
BuyBack
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PT73
PT73 PT73
08:15
Market

Annual Financial Report

Open Terminal Source RNS
MICC
MICC The Magnum Ice Cream Compan…
08:12
Market

Director/PDMR Shareholding

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INVP
INVP Investec PLC
08:11
Market

Form 8.5 (EPT/RI)-NCC Group plc

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AFL
AFL Artemis UK Future Leaders p…
08:09
Market

Transaction in Own Shares

Open Terminal Source RNS
59OV
59OV 59OV
08:06
Market

Publication of Final Terms

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HVPE
HVPE HarbourVest Global Private …
08:01
Market

HVPE’s Private Markets Update

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MNG
MNG M&G Plc
08:01
Market

Board Committee Changes

Open Terminal Source RNS
HMSO
HMSO Hammerson PLC
08:01
Market

Dividend Currency Conversion Announcement

Open Terminal Source RNS
WML
WML WML
08:01
Market

Annual Financial Report

Open Terminal Source RNS
PAF
PAF Pan African Resources PLC
08:01
Market

Director/PDMR Shareholding

Open Terminal Source RNS
SDR
SDR Schroders PLC
07:58
Market

Form 8.3

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OXA6
OXA6 OXA6
07:56
Market

Issuance of Securities

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OCDO
OCDO Ocado Group PLC
07:49
Market

Director/PDMR Shareholding

<mark style="background-color:yellow">Purchase</mark> of 1,789,302 shares by Apple III Limited (which is owned by Apple III Trust, of which Jörn Rausing is a beneficiary)

<mark style="background-coloryellow">Purchase</mark> of 1,789,302 shares by Apple III Limited (which is owned by Apple III Trust, of which Jörn Rausing is a beneficiary)
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GJ03
GJ03 GJ03
07:40
Market

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

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DO72
DO72 DO72
07:37
Market

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

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GDP
GDP Goldplat PLC
07:31
Market

Update on release of interim accounts

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AIRA
AIRA Air Astana AO
07:30
Market

Continuation of Share and GDR Repurchase Programme

Open Terminal Source RNS
TTE
TTE TotalEnergies SE
07:27
Market

TotalEnergies - Angola: Start-up of the New Gas Consortium Quiluma Offshore Gas Field

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0RPR
0RPR Ringkjoebing Landbobank A/S
07:20
Market

Announcement regarding large shareholders under the Danish Capital Markets Act

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AEWU
AEWU AEW UK REIT Plc
06:52
Market

Tenant update

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MEX
MEX Tortilla Mexican Grill PLC
06:31
Market

Tortilla-New Multi‑Aggregator Delivery Partnership

**Summary:** Tortilla Mexican Grill PLC, Europes largest fast-casual Mexican restaurant group, announced a new multi-aggregator delivery partnership with Deliveroo, Uber Eats, and Just Eat across its UK estate. This arrangement aims to br…

**Summary**
Tortilla Mexican Grill PLC, Europes largest fast-casual Mexican restaurant group, announced a new multi-aggregator delivery partnership with Deliveroo, Uber Eats, and Just Eat across its UK estate. This arrangement aims to broaden customer reach, improve service availability, and optimize delivery performance by operating across multiple platforms simultaneously, reducing reliance on any single delivery partner. The renewed partnership with Deliveroo leverages their established relationship, providing access to Deliveroos customer base, technology, and marketing capabilities. The Board expects this strategy to positively impact Group revenue in the current financial year, supporting Tortillas broader goals of balancing customer convenience, margin discipline, and operational control. The agreement aligns with Tortillas flexible, multi-platform delivery model, designed to maximize incremental demand while maintaining commercial and operational discipline. CEO Brandon Stephens emphasized the importance of delivery as a complementary channel, highlighting the partnerships role in enhancing customer convenience and long-term business economics. Deliveroos Chief Revenue Officer, Rob Harris, expressed excitement about the collaboration, focusing on reaching new customers and building loyalty through innovative initiatives. Tortilla, founded in 2007, operates 109 sites globally, with a strong emphasis on sustainability and quality, and is listed on the London Stock Exchange (LSE: MEX).
Partner
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0A3F
0A3F 0A3F
06:11
Market

Net Asset Value(s)

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OMU
OMU Old Mutual Ltd
06:11
Market

Appointment of Chairman designate

Open Terminal Source RNS
CMB1
CMB1 iShares FTSE MIB UCITS
06:11
Market

Net Asset Value(s)

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0A3E
0A3E 0A3E
06:11
Market

Net Asset Value(s)

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

Net Asset Value(s)

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0A3G
0A3G 0A3G
06:11
Market

Net Asset Value(s)

Open Terminal Source RNS
BBY
BBY Balfour Beatty plc
06:11
Market

Transaction in Own Shares

Open Terminal Source RNS
OMU
OMU Old Mutual Ltd
06:06
Market

Old Mutual_FY 2025_SENS

Open Terminal Source RNS
BATS
BATS British American Tobacco PLC
06:06
Market

Transaction in Own Shares

Open Terminal Source RNS
TIA
TIA Tialis Essential IT PLC
06:02
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['ROYAL BANK OF CANADA', '8.70', 0]
Open Terminal Source RNS
PYC
PYC Physiomics Plc
06:02
Market

WRAP Retail Offer for up to £110,000.00

Open Terminal Source RNS
BOKU
BOKU Boku Inc
06:02
Market

Non-Executive Director Change

Open Terminal Source RNS
STEM
STEM SThree plc
06:02
Market

CFO departure and succession plan

Open Terminal Source RNS
SAG
SAG Science Group plc
06:02
Market

Audited Results for Year Ended 31 December 2025

**Summary of Science Group PLCs Audited Results for the Year Ended 31 December 2025** Science Group PLC, an international services and systems company, reported strong financial performance for the year ended 31 December 2025, despite vol…

**Summary of Science Group PLCs Audited Results for the Year Ended 31 December 2025**
Science Group PLC, an international services and systems company, reported strong financial performance for the year ended 31 December 2025, despite volatile market conditions. Key highlights include
1. **Financial Performance**
**Revenue**£111.7 million, slightly up from £110.7 million in 2024.
**Adjusted Operating Profit**Record £23.1 million (2024: £21.5 million).
**Adjusted Basic Earnings Per Share (EPS)**: Record 40.2 pence (2024: 36.2 pence).
**Statutory Profit Before Tax**Record £41.5 million (2024: £14.7 million), boosted by a £24.1 million pre-tax gain from corporate investment.
**Statutory Basic EPS**Record 75.1 pence (2024: 26.5 pence).
2. **Corporate Activity**
A pre-tax gain of £24.1 million from the successful investment in Ricardo plc, realized through a third-party acquisition offer.
3. **Balance Sheet and Cash Flow**
**Cash**Increased to £72.6 million (2024: £38.6 million).
**Net Funds**£61.2 million (2024: £26.8 million).
**Cash Generated from Operations**£31.8 million (2024: £21.8 million).
4. **Shareholder Returns**
**Dividend**Recommended 25% increase to 10.0 pence per share (2024: 8.0 pence).
**Share Buy-Back**Increased to £10.7 million (2024: £5.0 million), with plans to continue at a similar level in 2026.
5. **Operational Highlights**
**Sagentia Services Division**Revenue of £71.5 million (2024: £72.2 million), with adjusted operating profit of £18.8 million (2024: £17.9 million) and margin improvement to 26.3%.
**Systems Businesses**Revenue of £39.6 million (2024: £37.8 million) and adjusted operating profit of £6.6 million (2024: £5.8 million).
**CMS2**Revenue of £26.4 million (2024: £25.9 million) with adjusted operating profit of £5.5 million (2024: £5.7 million).
**Frontier**Revenue of £13.2 million (2024: £12.0 million) with adjusted operating profit of £1.1 million (2024: £0.1 million).
6. **Strategic Focus**
Continued emphasis on marginprofitabilityand cash conversion.
Integration of AI tools to enhance service propositions, particularly in Physical-AI and advisory services.
7. **Outlook**
Pragmatic and conservative outlook due to geopolitical uncertainties, with a focus on resilience and value creation.
Strong balance sheet and cash resources position the Group for growth and shareholder returns.
Science Group PLC demonstrated resilience and strategic agility in 2025, achieving record financial results while navigating challenging market conditions. The Group remains well-positioned for future growth and continued shareholder value creation.
Here’s an HTML table comparing the key financials and debt year-on-year for Science Group PLC based on the provided text:
Metric2024 (£ million)2025 (£ million)Change
Revenue110.7111.7+0.9% (₤1.0 million)
Adjusted Operating Profit21.523.1+7.4% (₤1.6 million)
Profit Before Tax14.741.5+182.3% (₤26.8 million)
Cash Generated from Operations21.831.8+45.9% (₤10.0 million)
Cash Balance38.672.6+88.1% (₤34.0 million)
Net Funds26.861.2+128.4% (₤34.4 million)
Borrowings (Term Loans)11.811.4-3.4% (₤0.4 million)
Revolving Credit Facility (Undrawn)00No Change
Dividend per Share (pence)8.010.0+25.0% (+2.0 pence)
Share Buy-Back (£ million)5.010.7+114.0% (₤5.7 million)
### Key Highlights: 1. **Revenue**: Marginal increase of 0.9% from £110.7 million in 2024 to £111.7 million in 2025. 2. **Adjusted Operating Profit**: Increased by 7.4% from £21.5 million to £23.1 million. 3. **Profit Before Tax**: Significant increase of 182.3% from £14.7 million to £41.5 million, primarily due to a £24.1 million gain from corporate investment. 4. **Cash and Net Funds**: Substantial increases in cash balance (+88.1%) and net funds (+128.4%), driven by strong operating cash flow and the corporate investment gain. 5. **Debt**: Term loans decreased slightly by 3.4%, while the Revolving Credit Facility remained undrawn. 6. **Shareholder Returns**: Dividend per share increased by 25% to 10.0 pence, and the share buy-back program more than doubled to £10.7 million. This table provides a clear comparison of the key financial metrics and debt position year-on-year.
Open Terminal Source RNS
AT.
AT. AT.
06:02
Market

Issue of shares to EBT and Total Voting Rights

Open Terminal Source RNS
IMM
IMM ImmuPharma PLC
06:02
Market

WRAP Retail Offer for up to £1.5 million

Open Terminal Source RNS
0RHE
0RHE Orsted A/S
06:01
Market

Employees elected as board members to the Board of Directors of Ørsted A/S

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ATOM
ATOM Atome Energy PLC
06:01
Market

“Excellent” rating from Sustainable Fitch

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AEG
AEG Active Energy Group PLC
06:01
Market

Acquisition of Grid Infrastructure Asset

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AVCT
AVCT Avacta Group PLC
06:01
Market

Presentations of pre|CISION® Platform Candidates

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GRL
GRL Goldstone Resources Ltd
06:01
Market

Sierra Leone Investment

Open Terminal Source RNS
PEBB
PEBB The Pebble Group PLC
06:01
Market

Launch of Share Buyback Programme

**Summary:** The Pebble Group PLC, a leading provider of digital commerce and related services to the global promotional products industry, announced the launch of a share buyback programme on March 17, 2026. The programme, authorized by …

**Summary**
The Pebble Group PLC, a leading provider of digital commerce and related services to the global promotional products industry, announced the launch of a share buyback programme on March 17, 2026. The programme, authorized by the Board, aims to repurchase up to £5.0 million worth of ordinary shares or a maximum of 16,112,332 shares, whichever limit is reached first. This initiative reflects the Boards confidence in the companys future value and its commitment to enhancing shareholder returns while maintaining focus on strategic investments.
The buyback will be executed by Panmure Liberum Limited, acting as a "riskless" principal, with purchases made on the London Stock Exchange within pre-set parameters. The maximum price per share will not exceed 105% of the average middle market quotation over the preceding five business days, with a minimum price of £0.01. Purchased shares will be cancelled.
The programme may account for a significant portion of daily trading volume due to limited liquidity in the shares, potentially exceeding 25% of average daily traded volume. It will terminate upon reaching the maximum amount, the conclusion of the 2026 AGM (if authority is not renewed), or by December 31, 2026, whichever occurs first. All purchases will be announced by 7:30 am (UK time) on the following business day. The company confirmed it has no inside information at the time of the announcement.
Launch
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SDI
SDI SDI Group plc
06:01
Market

News from Portfolio Companies

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FNTL
FNTL Fintel PLC
06:01
Market

Fintel partners with Intellect Design Arena

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RBW
RBW Rainbow Rare Earths Limited
06:01
Market

Publication of New Investor Presentation

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SBAR
SBAR Sundae Bar Plc
06:01
Market

Commercial Contract for AI Agent Deployment

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PYC
PYC Physiomics Plc
06:01
Market

Completion of Placing and WRAP Retail Offer Launch

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TRST
TRST Trustpilot Group PLC
06:01
Market

Share Buyback Programme

**Summary:** Trustpilot Group plc announced a new share buyback programme valued at up to £22.5 million (approximately US$30 million), scheduled to commence immediately after the completion of its 2025 buyback programme. The initiative al…

**Summary**
Trustpilot Group plc announced a new share buyback programme valued at up to £22.5 million (approximately US$30 million), scheduled to commence immediately after the completion of its 2025 buyback programme. The initiative aligns with the company’s commitment to maintaining an efficient balance sheet and returning excess capital to shareholders. Deutsche Bank AG, London Branch (trading as Deutsche Numis), will manage the purchases on a non-discretionary basis, adhering to pre-set parameters and regulatory requirements. The shares will be purchased on the London Stock Exchange and other trading venues, with the sole purpose of reducing Trustpilot’s share capital through cancellation of the repurchased shares. The programme will operate within the authority granted by shareholders at the 2025 Annual General Meeting and, if approved, the 2026 Annual General Meeting, and will comply with EU and UK financial regulations. The buyback is expected to terminate by 31 December 2026 or upon reaching the maximum purchase limits. Trustpilot will disclose any share repurchases within seven trading days of occurrence. The company, founded in 2007, continues to grow its global presence with over 361 million reviews and 1,000 employees across multiple international offices.
BuyBack
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BPCR
BPCR BioPharma Credit PLC
06:01
Market

NEW INVESTMENT OF US$125 MILLION

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KR1
KR1 KR1
06:01
Market

Singer Capital Markets Initiates Research Coverage

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FORT
FORT Forterra PLC
06:01
Market

Employee Benefit Trust Share Purchase

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SKA
SKA Shuka Minerals Plc
06:01
Market

Directorate Changes & Notice of AGM

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LTHM
LTHM James Latham PLC
06:01
Market

Employee Benefit Trust Shareholding

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HDD
HDD Hardide PLC
06:01
Market

Notice of AGM

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YCA
YCA Yellow Cake PLC
06:01
Market

Delivery and Additional Purchase of Uranium

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IEM
IEM Impax Environmental Markets…
06:01
Market

Publication of Exit Tender Offer Circular

**Summary:** Impax Environmental Markets PLC (IEM) has published an Exit Tender Offer Circular, offering eligible shareholders the option to sell up to 100% of their ordinary shares at a tender price based on the final asset value. This d…

**Summary**
Impax Environmental Markets PLC (IEM) has published an Exit Tender Offer Circular, offering eligible shareholders the option to sell up to 100% of their ordinary shares at a tender price based on the final asset value. This decision follows the failure of the Continuation Tender Offer, which was launched in January 2026, due to Saba – the largest shareholder with 22.1% holding – not tendering its shares. The Board, after extensive engagement with shareholders, concluded that the Exit Tender Offer is the best solution to protect non-Saba shareholders from potential control by Saba, which does not align with IEMs environmental objectives.
**Key Points**
1. **Exit Tender Offer** Shareholders can sell their shares for cash, with the tender price based on the final asset value of the tender pool.
2. **Reason for Offer** Sabas refusal to tender shares in the Continuation Tender Offer led to its cancellation, prompting the Board to propose the Exit Tender Offer.
3. **Shareholder Approval** The offer requires approval from over 50% of voting shareholders at the General Meeting on April 16, 2026.
4. **Director Support** All directors intend to vote in favor of the offer and tender their shares, emphasizing their belief in its fairness.
5. **Timeline** The offer opens on March 17, 2026, with a closing date of April 17, 2026. Payments are expected by the end of May 2026.
6. **Risks** Shareholders remaining post-offer may face a Saba-controlled company, with potential changes to strategy and objectives.
7. **Regulatory Notes** The offer is not available in certain jurisdictions (e.g., Canada, Japan, South Africa) and has specific conditions for U.S. and New Zealand shareholders.
**Conclusion**
The Exit Tender Offer aims to provide shareholders with an exit option at close to net asset value, addressing concerns over Sabas influence. Shareholders are urged to review the Circular and participate in the General Meeting to vote on the proposal. The outcome will significantly impact IEMs future structure and shareholder base.
Offers
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AERS
AERS AERS
06:01
Market

Asset disposal update & B Share Scheme Distribn

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CRTX
CRTX CRISM Therapeutics Corporat…
06:01
Market

Awarding of Orphan Drug Designation by the FDA

**Summary:** CRISM Therapeutics Corporation announced on March 17, 2026, that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation (ODD) to irinotecan for the treatment of malignant glioma, including all high-gr…

**Summary**
CRISM Therapeutics Corporation announced on March 17, 2026, that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation (ODD) to irinotecan for the treatment of malignant glioma, including all high-grade (Grade III and IV) gliomas. This designation is a significant regulatory and commercial milestone, providing incentives such as seven years of U.S. market exclusivity, tax credits for clinical trials, and exemption from FDA application fees. The ODD complements CRISM’s previously granted Innovation Passport for its ChemoSeed™ platform by the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) under the Innovative Licensing and Access Pathway (ILAP). These designations strengthen the development and commercial potential of the irinotecan-ChemoSeed program, positioning it for streamlined global regulatory development, including potential participation in international collaborative review programs like Project Orbis. CRISM’s Chief Scientific Officer, Professor Chris McConville, highlighted the strategic importance of these achievements in advancing the company’s oncology assets to address unmet medical needs. The company remains focused on its registration-grade Phase 2 clinical trial of Irinotecan ChemoSeed for surgically resectable glioblastoma.
FDA
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TBLD
TBLD Tinybuild Inc
06:01
Market

Notice of Results & Investor Presentations

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RECI
RECI Real Estate Credit Investme…
06:01
Market

Fact Sheet Announcement

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LIT
LIT Litigation Capital Manageme…
06:01
Market

Judgment Delivered in Commercial Litigation Claim

**Summary:** Litigation Capital Management Limited (LCM), an alternative asset manager specializing in dispute financing, announced on March 17, 2026, that an Australian Court has delivered a judgment in a commercial litigation claim it f…

**Summary**
Litigation Capital Management Limited (LCM), an alternative asset manager specializing in dispute financing, announced on March 17, 2026, that an Australian Court has delivered a judgment in a commercial litigation claim it funded. The court ruled against LCMs funded party in a case where LCM had invested A$1.4 million in shareholder capital. The company had previously anticipated this judgment on March 11, 2026. LCM has an After-the-Event (ATE) insurance policy in place to mitigate adverse costs risks. The company is currently reviewing the judgment and evaluating next steps with the funded party and legal representatives. The announcement contains inside information disclosed in compliance with the Market Abuse Regulation.
Litigation
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THR
THR Thor Mining PLC
06:01
Market

Completion of HY-Range Phase 2 Geochemical Survey

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PHP
PHP Primary Health Properties
06:01
Market

Preliminary Results

**Summary:** Primary Health Properties PLC (PHP) announced its preliminary results for the year ended December 31, 2025, highlighting a transformative year marked by the successful combination with Assura plc, creating a £6 billion health…

**Summary**
Primary Health Properties PLC (PHP) announced its preliminary results for the year ended December 31, 2025, highlighting a transformative year marked by the successful combination with Assura plc, creating a £6 billion healthcare REIT focused on critical social infrastructure assets across the UK and Ireland. The merger received overwhelming shareholder support and is expected to deliver financial and strategic benefits, including £9 million in annualized synergies. PHP achieved over 80% of these synergies ahead of schedule and received offers for a new strategic joint venture on its private hospital portfolio. The company also agreed to inject a £103 million portfolio into an existing joint venture to reduce leverage.
Financial highlights include a 49% increase in net rental income to £230 million, a 41% rise in adjusted earnings to £131 million, and a 3% dividend increase to 7.1 pence per share. The property portfolio valuation grew by 115% to £6.0 billion, with a net initial yield of 5.4%. PHP maintained its 30-year track record of dividend growth, with a 3% increase in the dividend per share.
The company’s strategic focus includes reducing leverage, integrating Assura, and leveraging the NHSs 10-year Health Plan, which emphasizes modern primary care facilities. PHP is well-positioned to support this transition, given its long-standing NHS partnerships. The rental growth outlook remains positive, with a 3.2% increase in 2025 and a 3.4% annualized growth rate in early 2026.
PHP’s balance sheet remains robust, with significant liquidity headroom and a clear plan to reduce its loan-to-value ratio to the targeted 40-50% range. The company is committed to its progressive dividend policy, fully covered by adjusted earnings, and aims to maintain its position as a leading investor in healthcare infrastructure.
Here is the HTML table code comparing the financials and debt year on year:
Metric20252024Change
Net rental income (£m)£230£154+49%
Adjusted earnings (£m)£131£93+41%
Adjusted earnings per share (pence)7.37.0+4%
IFRS profit after tax (£m)£119£41+190%
IFRS earnings per share (pence)6.63.1+113%
Dividend per share (pence)7.16.9+3%
Investment portfolio valuation (£bn)£6.0£2.8+115%
Contracted rent roll (£m)£342£154+122%
Loan to value ratio57%48%+9%
Average cost of debt3.7%3.4%+30 bps
Weighted average debt maturity (years)4.15.7-1.6
This table compares key financials and debt metrics for Primary Health Properties PLC between 2024 and 2025, showing significant growth in net rental income, adjusted earnings, and portfolio valuation, as well as changes in debt metrics.
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PLSR
PLSR Pulsar Helium Inc.
06:01
Market

Pulsar Appoints Ranzini to Board & PDMR Dealings

Mr. Ranzini, together with his wife and children, holds a direct interest in 260,097 Common Shares. Mr. Ranzini also has indirect interests in Pulsar through University Bancorp Inc., and Jove Corporation. Mr. Ranzini has a beneficial inter…

Mr. Ranzini, together with his wife and children, holds a direct interest in 260,097 Common Shares. Mr. Ranzini also has indirect interests in Pulsar through University Bancorp Inc., and Jove Corporation. Mr. Ranzini has a beneficial interest of 18.18% (with voting control over 35.16%) in University Bancorp Inc., which will be interested in 9,035,435 Common Shares, representing 4.99% of Pulsars share capital on completion of the share <mark style="background-color:yellow">purchase</mark> detailed in this announcement. Mr. Ranzini holds a 43% interest in Jove Corporation, which is interested in 230,300 Common Shares, representing 0.13% of Pulsars share capital. Additionally, Mr. Ranzini has investment authority, but no beneficial ownership or voting rights control, over 1,648,000 Common Shares, representing 0.91% of Pulsars share capital, held by Rory Ballard.
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ZTF
ZTF Zotefoams PLC
06:01
Market

Preliminary Results

**Summary of Zotefoams PLC Preliminary Results for the Year Ended 31 December 2025** Zotefoams PLC, a global leader in high-performance foams, reported strong preliminary results for FY2025, marked by record profitability and continued gr…

**Summary of Zotefoams PLC Preliminary Results for the Year Ended 31 December 2025**
Zotefoams PLC, a global leader in high-performance foams, reported strong preliminary results for FY2025, marked by record profitability and continued growth. Key financial highlights include
**Revenue Growth**Revenue increased by 7.2% to £158.5 million, driven by strong performance across key markets, particularly in Consumer & Lifestyle and Transport & Smart Technologies.
**Profitability**Adjusted operating profit rose by 26% to £22.8 million, with adjusted profit before tax up 39% to £21.2 million. Adjusted Basic EPS increased by 46% to 38.0p.
**Cash Generation**Cash generated from operations increased by 31% to £39.7 million, supporting strategic investments and a strong balance sheet.
**Dividend**A 5% increase in the final dividend to 5.35p per share was proposed, reflecting confidence in future prospects.
Strategically, Zotefoams made significant progress in its **Expanding Beyond the Core** strategy, including
**Acquisition of OKC**Completed the acquisition of Overseas Konstellation Company S.A. (OKC), enhancing European market presence and product capabilities.
**Geographic Expansion**Advanced construction of a new manufacturing facility in Vietnam and established an Innovation Centre in Korea.
**Innovation Focus**Sharpened innovation efforts, aligning R&D with market verticals and customer needs.
Operationally, the company focused on execution, efficiency, and margin improvement, with a balanced growth approach across markets. The integration of OKC is progressing well, contributing to revenue growth and strategic optionality.
Looking ahead, Zotefoams aims to achieve **organic growth of 7% CAGR** by FY2029, targeting revenue of over £230 million and operating profit of over £40 million. Longer-term ambitions include revenues exceeding £300 million and operating profit over £60 million, supported by both organic and inorganic growth strategies.
Despite macroeconomic and geopolitical uncertainties, Zotefoams remains confident in its ability to navigate challenges, supported by a clear strategy, strengthened leadership, and a robust financial position. The company is well-positioned to deliver sustainable growth and long-term value for stakeholders.
Here is the HTML table code comparing the financials and debt year on year for Zotefoams PLC:
Metric2025 (£m)2024 (£m)Change
Revenue158.5147.87.2%
Gross Profit52.946.114.8%
Adjusted Operating Profit22.818.126.0%
Adjusted Operating Margin14.4%12.2%220bps
Adjusted Profit before Tax21.215.339%
Cash generated from operations39.730.431%
Net debt (Covenant Basis)31.524.131%
Net debt (IFRS)43.033.030%
Leverage ratio0.80.9(11%)
**Key Observations:** * **Revenue and Profit Growth:** Zotefoams PLC experienced significant growth in revenue (7.2%) and adjusted profit before tax (39%) in 2025 compared to 2024. * **Improved Cash Flow:** Cash generated from operations increased by 31%, indicating stronger liquidity. * **Increased Debt:** Net debt increased on both covenant and IFRS bases, likely due to financing acquisitions and investments. * **Improved Leverage:** Despite higher debt, the leverage ratio improved, suggesting better debt management.
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VTU
VTU Vertu Motors Plc
06:01
Market

EBT Share Purchase

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HMI
HMI Harvest Minerals Ltd
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Spreadex LTD', '0.000000', '0.000000']
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VTY
VTY Vistry Group PLC
06:01
Market

Appointment of Chair

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TPK
TPK Travis Perkins PLC
06:01
Market

Travis Perkins plc - 2025 Results Announcement

Travis Perkins PLC, the UKs largest distributor of building materials, announced its preliminary results for the year 2025, highlighting a focus on stabilization and financial resilience amidst a challenging market backdrop. Here’s a summa…

Travis Perkins PLC, the UKs largest distributor of building materials, announced its preliminary results for the year 2025, highlighting a focus on stabilization and financial resilience amidst a challenging market backdrop. Here’s a summary of the key points
### **Financial Performance**
**Revenue**£4,565 million, down 0.9% from 2024, primarily due to subdued activity in the Merchanting segment.
**Adjusted Operating Profit**£133 million, a 12.5% decline from 2024, reflecting lower margins in Merchanting.
**Operating Loss**£97 million, compared to a £2 million profit in 2024, due to adjusting items of £222 million related to impairments, divestments, and restructuring.
**Net Cash Before Leases**£1 million, driven by working capital inflows, divestment proceeds, and disciplined capital expenditure.
### **Business Highlights**
**Merchanting**Like-for-like revenue growth of 0.3%, with improvements in H2 offsetting operational challenges in H1. Adjusted operating profit declined by 18.1% to £122 million.
**Toolstation UK**Strong performance with adjusted operating profit up 29% to £44 million, driven by store maturity and digital enhancements.
**Toolstation Benelux**Continued losses of £11 million, with management reviewing strategy and implementing cost-saving measures.
### **Strategic Initiatives**
**Restructuring**Proactive management of overheads, including significant restructuring of central and regional roles.
**Divestments**Sold Staircraft for £21 million as part of simplifying the operating model.
**Leadership**Gavin Slark appointed as CEO in January 2026, bringing extensive industry experience.
### **Balance Sheet and Liquidity**
**Net Debt Reduction**Net debt before leases reduced by £192 million, achieving a net cash position for the first time in nearly 30 years.
**Liquidity**Over £800 million in liquidity headroom through cash holdings (£427 million) and undrawn facilities (£390 million).
**Refinancing**£250 million bond refinanced with investment-grade US private placement notes, with no significant refinancing needs until 2028.
### **Dividend**
**Final Dividend**7.5 pence per share recommended, giving a full-year dividend of 12.0 pence per share, in line with the 30-40% adjusted earnings payout policy.
### **Outlook**
**Market Conditions**Trading environment remains subdued, reflecting weak UK construction activity.
**Focus Areas**Improving customer proposition, leveraging financial strength, and delivering operational efficiencies.
**Technical Guidance**Expected ETR of 30% on UK profits, base capex of £80 million, and property profits of £5 million for 2026.
### **CEO Commentary**
Gavin Slark emphasized the Group’s focus on rebuilding capabilities, enhancing performance, and restoring shareholder value. He highlighted the strength of the balance sheet and the commitment to disciplined capital allocation in navigating challenging market conditions.
### **Principal Risks and Uncertainties**
The Group updated its risk framework to include standalone risks for **People & Skills** and **Business Operating Model & Driving Competitive Advantage**, reflecting the evolving business environment.
### **Conclusion**
Travis Perkins PLC’s 2025 results reflect a year of stabilization and financial resilience, with a focus on operational improvements and strategic restructuring. Despite challenges in the construction sector, the Group is positioned to leverage its strong balance sheet and leadership changes to drive future growth and shareholder value.
Here is the comparison of financials and debt year on year for Travis Perkins PLC, presented as an HTML table:
Metric20252024Change
Revenue (£m)4,5654,607(0.9%)
Adjusted Operating Profit (£m)133152(12.5%)
Adjusted Earnings per Share (pence)30.836.6(15.8%)
Return on Capital Employed (%)5.35.4(0.1)ppt
Net Debt / Adjusted EBITDA (x)2.12.50.4x
Ordinary Dividend per Share (pence)12.014.5(17.2%)
Operating (Loss) / Profit (£m)(97)2N/A
Loss After Tax (£m)(176)(77)(128.6%)
Basic Earnings per Share (pence)(83.3)(36.6)(127.6%)
Net Debt (£m)621845(224)
Net Debt Before Leases (£m)(1)191(192)
**Key Observations:** 1. **Revenue Decline**: Revenue decreased by 0.9% from £4,607m in 2024 to £4,565m in 2025, primarily due to subdued activity in the Merchanting segment. 2. **Adjusted Operating Profit Reduction**: Adjusted operating profit fell by 12.5% from £152m to £133m, reflecting lower margins in Merchanting and increased cost pressures. 3. **Earnings per Share Decrease**: Adjusted earnings per share dropped by 15.8% from 36.6p to 30.8p, while basic earnings per share saw a significant decline due to the operating loss. 4. **Debt Reduction**: Net debt decreased by £224m from £845m to £621m, with net debt before leases turning negative, indicating a stronger balance sheet. 5. **Dividend Cut**: The ordinary dividend per share was reduced by 17.2% from 14.5p to 12.0p, reflecting the challenging financial performance. 6. **Operating Loss**: The company reported an operating loss of £97m in 2025 compared to a profit of £2m in 2024, driven by adjusting items and trading performance. This table provides a concise comparison of key financial and debt metrics for Travis Perkins PLC between 2024 and 2025.
Open Terminal Source RNS
MAB1
MAB1 Mortgage Advice
06:01
Market

Final Results

**Summary of Mortgage Advice Bureau (Holdings) PLC Final Results for the Year Ended 31 December 2025** **Financial Performance Highlights:** - **Revenue Growth:** Revenue increased by 19.6% to £318.8 million in 2025, up from £266.5 millio…

**Summary of Mortgage Advice Bureau (Holdings) PLC Final Results for the Year Ended 31 December 2025**
**Financial Performance Highlights**
**Revenue Growth** Revenue increased by 19.6% to £318.8 million in 2025, up from £266.5 million in 2024, driven by strong performance across all income streams.
**Adjusted Diluted EPS** Adjusted diluted earnings per share (EPS) rose by 13.5% to 44.5p, compared to 39.2p in 2024.
**Market Share Stability** Market share of new mortgage lending remained stable at 8.4%, while the market share of Product Transfers increased to 3.0% from 2.7% in 2024.
**Adviser Network Growth** The number of mainstream advisers increased by 10% to 2,135, with 65% of this growth coming from organic expansion within the existing network.
**Revenue per Adviser** Revenue per mainstream adviser grew by 13% to £157,000, reflecting improved productivity and efficiency.
**Net Debt Reduction** Net debt decreased to £3.3 million from £9.7 million in 2024, with leverage reducing to 0.1x from 0.3x.
**Operational and Strategic Achievements**
**Technology and AI Integration** The company is leveraging data, digital tools, and AI to deepen relationships with introducers, lenders, and consumers, enhancing lead flow and customer retention.
**Proprietary Platform** The proprietary platform connects customer data, adviser workflows, and automation, reducing administrative burdens and allowing advisers to focus on customer service.
**Strategic Partnerships and M&A** MAB is building new strategic partnerships and pursuing selective M&A to expand its role in the home-moving process and broaden its proposition.
**Sustainability Progress** The company made strides in sustainability, including the installation of a solar PV system and the development of a decarbonisation strategy aligned with the Science Based Targets initiative (SBTi).
**Market Trends and Outlook**
**Mortgage Lending Stability** UK mortgage lending increased by 19% to £548 billion in 2025, with refinancing lending accelerating in the second half due to maturing fixed-rate mortgages.
**Purchase Lending Growth** Purchase lending grew by 21% to £189 billion, supported by strong lender appetite and a resilient underlying demand.
**Refinancing Opportunities** The company expects refinancing volumes to continue building in 2026, supported by higher fixed-rate maturities and a shift in product preferences.
**Protection Market Focus** MAB is increasing its focus on protection advice, aiming to address the UKs protection gap and provide recurring revenue streams.
**Leadership and Governance**
**Main Market Listing** The Board intends to move to the ESCC listing category of the Main Market of the London Stock Exchange in Q2 2026, subject to FCA approval.
**Dividend Policy** The company maintained its dividend policy, proposing a final dividend of 15.3p per share, a 3.4% increase from the previous year.
**Conclusion**
Mortgage Advice Bureau (Holdings) PLC delivered a strong performance in 2025, with significant growth in revenue, EPS, and adviser productivity. The company continues to enhance its technology-driven platform, expand its market reach, and pursue strategic initiatives to drive sustainable growth. Despite macroeconomic uncertainties, MAB remains well-positioned to capitalize on refinancing opportunities and protection market potential, supported by its integrated platform and data-driven approach.
Here is the HTML table code comparing the financials and debt year on year for Mortgage Advice Bureau (Holdings) PLC:
Metric20252024Change
Revenue£318.8m£266.5m+19.6%
Gross Profit£91.9m£77.0m+19.5%
Admin Expenses£56.2m£45.6m+23.3%
Adjusted PBT£36.3m£32.0m+13.3%
Statutory PBT£22.1m£22.9m-3.4%
Adjusted Diluted EPS44.5p39.2p+13.5%
Net Debt(£3.3m)(£9.7m)+£6.4m
Leverage0.1x0.3x-0.2x
**Key Observations:** - Revenue increased by 19.6% from £266.5m in 2024 to £318.8m in 2025. - Gross profit increased by 19.5% from £77.0m in 2024 to £91.9m in 2025. - Admin expenses increased by 23.3% from £45.6m in 2024 to £56.2m in 2025. - Adjusted PBT increased by 13.3% from £32.0m in 2024 to £36.3m in 2025. - Statutory PBT decreased by 3.4% from £22.9m in 2024 to £22.1m in 2025. - Adjusted diluted EPS increased by 13.5% from 39.2p in 2024 to 44.5p in 2025. - Net debt decreased by £6.4m from -£9.7m in 2024 to -£3.3m in 2025. - Leverage decreased from 0.3x in 2024 to 0.1x in 2025. This table provides a concise comparison of key financial metrics and debt levels for Mortgage Advice Bureau (Holdings) PLC between 2024 and 2025.
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FDEV
FDEV Frontier Developments Plc
06:01
Market

Director/PDMR Shareholding

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PCTN
PCTN Picton Property Income Ltd
06:01
Market

Asset Management Update

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BATS
BATS British American Tobacco PLC
06:01
Market

Branch Register: Dividend Finalisation Information

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IQE
IQE IQE PLC
06:01
Market

IQE plc: Rule 2.9 Announcement

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FNTL
FNTL Fintel PLC
06:01
Market

Full Year Results

**Summary of Fintel PLCs Full Year Results for 2025** Fintel PLC, a leading provider of fintech and support services to the UK retail financial services sector, reported strong financial performance and strategic progress for the year end…

**Summary of Fintel PLCs Full Year Results for 2025**
Fintel PLC, a leading provider of fintech and support services to the UK retail financial services sector, reported strong financial performance and strategic progress for the year ended 31 December 2025. Key highlights include
### **Financial Performance**
**Revenue Growth**Revenue increased by 10% to £85.9 million (FY24: £78.3 million), supported by £7.0 million in inorganic growth from acquisitions.
**SaaS & Subscription Revenue**Grew by 9.6% to £48.7 million, representing 57% of total revenues, highlighting the strength of recurring revenue streams.
**Adjusted EBITDA**Increased by 16.6% to £25.9 million, driven by successful acquisitions and new proposition launches.
**EBITDA Margin**Improved to 30.1% (FY24: 28.3%), with acquired businesses contributing more as integration progressed.
**Adjusted EPS**Rose to 13.7 pence per share (FY24: 13.2 pence per share).
**Net Debt**Increased to £31.1 million (FY24: £25.3 million) due to strategic investments, with a comfortable leverage ratio of 1.2x.
**Dividend**Proposed final dividend of 2.5 pence per share, resulting in a full-year dividend of 3.8 pence per share, a 4.1% increase.
### **Strategic and Operational Highlights**
**Organisational Transformation**Consolidated from three divisions into two (Fintel Services and Fintel Software & Data) with new leadership appointments.
**Operational Leverage**Integrated acquired businesses into unified product lines, enhanced scalability, and improved cross-selling opportunities through a single CRM view.
**Technology and Platform Investment**Accelerated development of digital and AI-enabled compliance tools, scaled the Matrix360 market intelligence platform, and launched the Omnicore whole-of-market distribution platform.
**Data Advantage**Strengthened through acquisitions like Rayner Spencer Mills Research (RSMR) and increased stake in Plannr Technologies, enhancing proprietary data capabilities.
**Acquisitions**Completed the acquisition of RSMR for £6.4 million and Pearson Ham Groups market pricing data business in January 2026 for £11.0 million.
### **Current Trading and Outlook**
**Strong Start to FY26**Trading in line with Board expectations, supported by high recurring revenues and a simplified operating structure.
**Growth Drivers**Increasing demand for technology, data, and regulatory support in the UK retail financial services sector
further integration of technology and services
strengthened balance sheet for organic growth and acquisitions.
**Acquisition Impact**Pearson Ham Groups acquisition enhances pricing intelligence and is expected to be earnings accretive in its first full year.
### **Leadership and Governance**
**CEO Transition**Matt Timmins assumed sole responsibility as CEO, with Neil Stevens stepping down in June 2025.
**Board Strengthening**Appointed Ian Pickford as Independent Non-Executive Director and Chair of Remuneration and Nomination Committees.
### **Conclusion**
Fintel PLC demonstrated resilience and strategic focus in 2025, achieving strong financial results and advancing its position as a key player in the UK retail financial services sector. With a simplified structure, robust recurring revenues, and a clear strategic direction, the company is well-positioned for continued growth and value creation in 2026.
Here is the HTML table code comparing Fintel's financials and debt year on year:
Metric20242025Change
Revenue£78.3m£85.9m+10%
SaaS & Subscription Revenue£44.4m£48.7m+9.6%
Adjusted EBITDA£22.2m£25.9m+16.6%
EBITDA Margin28.3%30.1%+180 bps
Net Debt£25.3m£31.1m+22.9%
Cash Balance£6.3m£17.3m+175%
Dividend per Share3.65p3.80p+4.1%
**Key Observations:** * **Revenue Growth:** Fintel's revenue increased by 10% from £78.3m in 2024 to £85.9m in 2025, driven by inorganic growth and strong performance in SaaS & Subscription revenue. * **EBITDA Improvement:** Adjusted EBITDA grew by 16.6% to £25.9m, with EBITDA margin expanding by 180 basis points to 30.1%, indicating improved operational efficiency. * **Debt Increase:** Net debt increased by 22.9% to £31.1m, primarily due to strategic acquisitions and investments. * **Cash Position Strengthened:** Cash balance significantly increased from £6.3m to £17.3m, providing more financial flexibility. * **Dividend Growth:** Dividend per share increased by 4.1% to 3.80p, reflecting the company's strong performance and commitment to shareholder returns.
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NICL
NICL Nichols
06:01
Market

Grant of Options

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ADVT
ADVT AdvancedAdvT Ltd
06:01
Market

Purchase of Own Shares

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HEX
HEX Helix Exploration PLC
06:01
Market

Exercise of Warrants

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BOKU
BOKU Boku Inc
06:01
Market

2025 Full Year Results

**Summary of Boku, Inc. 2025 Full Year Results** Boku, Inc. reported strong financial and operational performance for the year ended December 31, 2025, driven by diversification, scale, and financial strength. Key highlights include: ###…

**Summary of BokuInc. 2025 Full Year Results**
Boku, Inc. reported strong financial and operational performance for the year ended December 31, 2025, driven by diversification, scale, and financial strength. Key highlights include
### **Financial Highlights**
**Revenue Growth**Total revenue increased by 30% to $128.8 million, driven by strong growth in Digital Wallets & Account-to-Account (A2A) (+67% to $43.5 million) and Bundling (+71% to $14.9 million). Direct Carrier Billing (DCB) grew by 9% to $70.4 million.
**Adjusted EBITDA**Increased by 36% to $41.3 million, with a margin of 32.1%, up from 30.5% in 2024.
**Operating Profit**Surged by 205% to $18.9 million, reflecting efficient scaling.
**Cash Position**Group cash grew by 39% to $245.6 million, with own cash increasing by 28% to $102.9 million. The company remains debt-free.
### **Operational Highlights**
**Monthly Active Users (MAU)**Increased by 31% to 114.4 million in December 2025.
**Total Payment Volume (TPV)**Grew by 27% to $15.7 billion.
**Payment Connections**Delivered 132 new payment connections, enabling broader consumer access.
**Bundling Product**Helped merchants acquire millions of new subscribers, contributing significantly to revenue growth.
### **Strategic Progress**
**Diversification**Non-DCB products now account for 45% of total revenue, up from 35% in 2024.
**Regulatory Expansion**Secured Payment Institution authorization in Brazil, cross-border product approval in India, and Payment Initiation Service Provider authorization in the UK.
**Innovation**Launched an Innovation Hub in Singapore to develop new payment capabilities, including payouts and stablecoin.
**Operational Efficiency**Invested in automation and AI to improve scalability and reduce friction in the payment journey.
### **Outlook**
**Medium-Term Guidance**Unchanged, with expected organic revenue growth exceeding 20% CAGR and adjusted EBITDA margin <mark style="background-color:yellow">above</mark> 30%.
**Strategic Focus**Deepening merchant partnerships, diversifying revenues, driving scalability, and building a future-ready platform with AI integration.
### **Leadership and Governance**
**Board Changes**Jon Prideaux stepped down as a Non-Executive Director. Richard Pennycook assumed the role of Chair, emphasizing governance, resilience, and operational discipline.
**People and Culture**Focus on talent development, diversity, and succession planning to support growth.
### **CEO Commentary**
Stuart Neal, CEO, highlighted Bokus position at the center of the shift towards Local Payment Methods (LPMs), emphasizing the companys role as a growth partner for global merchants. He underscored the companys momentum, clear strategy, and strong financial position for long-term growth.
### **Conclusion**
Bokus 2025 results demonstrate robust growth, strategic diversification, and operational excellence, positioning the company well for continued expansion in the evolving global payments landscape.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Movement
Total Group Revenue ($'m)99.3128.8+30%
Adjusted EBITDA ($'m)30.341.3+36%
Adjusted EBITDA margin (%)30.5%32.1%+1.6pp
Operating Profit ($'m)6.218.9+205%
Group Cash ($'m)177.3245.6+39%
Own Cash ($'m)80.2102.9+28%
Monthly Active Users (m)87.1114.4+31%
Total Payment Volume ($bn)12.415.7+27%
Blended Take Rate (bps)8082+2bps

Debt: The company remains debt-free in both years.

This table compares key financial metrics and debt status for Boku, Inc. between 2024 and 2025, showing significant growth in revenue, profitability, cash position, and operational metrics, while maintaining a debt-free status.
Open Terminal Source RNS
STAN
STAN Standard Chartered PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
HWG
HWG Harworth Group PLC
06:01
Market

Full Year Results for year ended 31 Dec 2025

Harworth Group PLC PLC PLC PLC LTD LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT …

Harworth Group PLC PLC PLC PLC LTD LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT 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LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT
Here is the comparison of financials and debt year on year for Harworth Group PLC, presented as an HTML table:
Metric20252024% Change
Total Accounting Return (%)1.79.1-7.4pp
Value gains (£m)44.597.2-54.2%
EPRA NDV per share (p)224.4222.3+0.9%
Total Property Return (%)8.412.0-3.6pp
EPRA NDV (£m)727.3719.5+1.1%
Total property sales (£m)115.0215.8-46.7%
Net loan to portfolio value (%)15.65.4+10.2pp
Net debt (£m)145.946.7+212.0%
Operating profit (£m)21.674.6-71.0%
Total dividend per share (p)1.7751.614+10.0%
**Key Observations:** 1. **Total Accounting Return**: Decreased significantly from 9.1% in 2024 to 1.7% in 2025, indicating lower overall returns. 2. **Value Gains**: Dropped by 54.2%, from £97.2m in 2024 to £44.5m in 2025, reflecting reduced gains from property sales and revaluations. 3. **EPRA NDV per share**: Increased slightly by 0.9%, from 222.3p to 224.4p, showing modest growth in net asset value. 4. **Total Property Return**: Declined from 12.0% to 8.4%, indicating lower returns from the property portfolio. 5. **Net Debt**: Increased significantly by 212.0%, from £46.7m to £145.9m, reflecting higher borrowing levels. 6. **Net loan to portfolio value**: Rose from 5.4% to 15.6%, indicating higher leverage relative to portfolio value. 7. **Operating Profit**: Decreased sharply by 71.0%, from £74.6m to £21.6m, due to lower revenues and higher costs. 8. **Total Dividend per share**: Increased by 10.0%, from 1.614p to 1.775p, despite lower profits, maintaining shareholder returns. This table highlights the year-on-year changes in key financial metrics and debt levels for Harworth Group PLC.
Open Terminal Source RNS
IPO
IPO IP Group
06:01
Market

IP Group plc 2025 Annual Results Release

**Summary of IP Group PLC 2025 Annual Results:** IP Group PLC, a UK-based science and technology investor, reported its 2025 annual results, highlighting significant growth and strategic achievements. Key points include: 1. **Financial P…

**Summary of IP Group PLC 2025 Annual Results:**
IP Group PLC, a UK-based science and technology investor, reported its 2025 annual results, highlighting significant growth and strategic achievements. Key points include
1. **Financial Performance**
**Net Asset Value (NAV) per share** increased by 13% to 110.4p, with a closing NAV of £975.1 million.
**Profit for the year** was £66.9 million, a significant improvement from a loss of £207.0 million in 2024.
**Total portfolio value** rose to £908.1 million, up from £852.1 million in 2024.
2. **Portfolio Highlights**
**Pfizers acquisition of Metsera** contributed £128.2 million in discounted future royalty and milestone income, significantly boosting NAV.
**Hinge Health** successfully IPOed on the NYSE, generating £18.4 million in proceeds in 2025 and an additional £16.8 million in early 2026, representing a 53x return on investment.
**Monolith AI** was acquired by CoreWeave, Inc., with initial proceeds of £3.4 million and further deferred proceeds expected in 2026.
**Portfolio companies raised £914 million** in total capital, a 17% increase from 2024, with notable fundraisings by Artios, Oxa, and Lumai.
3. **Strategic Initiatives**
**Focus on funds under management** Raised £29.0 million in third-party funds, with total third-party AUM at £557 million.
**Launched Northern Universities Venture Fund** in collaboration with Parkwalk and Northern Gritstone.
**Partnership with Aberdeen** to manage a portfolio of early-stage and growth investments in the UK.
4. **Shareholder Returns**
Completed a **£75 million share buyback program**, retiring 9% of the share capital.
Accumulated an additional **£30 million for future shareholder returns**.
5. **Outlook**
Targeting **over £250 million in exits** between 2025 and 2027.
Strong pipeline of milestones in life sciences, AI-enabling technologies, and other sectors.
Continued focus on increasing funds under management and supporting breakthrough science and technology companies.
**CEO Greg Smith** emphasized the companys unique model, combining deep partnerships with research institutions and access to long-term capital, positioning IP Group to support innovation and deliver long-term value for shareholders. The company remains committed to addressing societal challenges through its investments.
Here is an HTML table comparing the financials and debt year on year for IP Group PLC based on the provided text: td>-26.1%
MetricFY 2025FY 2024Change
Net Asset Value (NAV)£975.1m£952.5m+2.4%
NAV per share110.4p97.7p+13%
Profit/(loss) for the year£66.9m(£207.0m)N/A
Total portfolio£908.1m£852.1m+6.6%
Gross cash and deposits£211.0m£285.6m
Cash proceeds£68.1m£183.4m-62.9%
Portfolio investment£70.5m£63.0m+11.9%
Borrowings (current)£119.7m£6.3m+1,796.8%
Borrowings (non-current)£0.0m£122.8m-100%
**Notes:** * The change in borrowings is due to a technical breach of financial covenants, resulting in reclassification of borrowings from non-current to current liabilities. * The decrease in gross cash and deposits is primarily due to outflows from investing activities, share buybacks, and debt repayment. * The significant decrease in cash proceeds is likely due to a strong year of realizations in FY 2024, including the sale of Featurespace to Visa. This table provides a concise comparison of key financials and debt metrics for IP Group PLC, highlighting areas of growth, decline, and notable changes.
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ALL
ALL Atlantic Lithium Ltd
06:01
Market

Corporate Funding Update

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CBG
CBG Close Brothers Group plc
06:01
Market

Half-year Report for six months to 31 January 2026

**Summary of Close Brothers Group PLC Half-Year Report for Six Months to 31 January 2026** **Overview** Close Brothers Group PLC, a UK specialist banking group, reported its half-year results for the six months ending 31 January 2026. T…

**Summary of Close Brothers Group PLC Half-Year Report for Six Months to 31 January 2026**
**Overview**
Close Brothers Group PLC, a UK specialist banking group, reported its half-year results for the six months ending 31 January 2026. The group demonstrated resilience despite challenging market conditions, focusing on cost discipline, credit performance, and strategic repositioning. Key highlights include a marginal reduction in the loan book, continued growth in core businesses, and a strong CET1 capital ratio of 14.3%. The group is well-positioned for future growth, with accelerated cost savings plans and a focus on simplification, optimization, and growth.
**Financial Performance**
**Adjusted Operating Profit**£65.2 million (H1 2025: £80.5 million), reflecting a 19% decrease due to reduced income, partly offset by lower impairment losses.
**Operating Loss Before Tax**£65.5 million (H1 2025: £102.2 million), primarily due to a £135.0 million provision for motor finance commissions.
**Net Interest Margin (NIM)**7.1% (H1 2025: 7.3%), expected to be slightly <mark style="background-color:yellow">below</mark> 7% for the full year.
**Bad Debt Ratio**0.8% (H1 2025: 1.0%), expected to remain below the long-term average of 1.2%.
**Loan Book**Reduced by 2% to £9.2 billion (31 July 2025: £9.5 billion), with underlying decrease of 1% excluding planned exits and run-offs.
**Strategic Initiatives**
**Simplification**Largely complete, with the sale of Close Brothers Asset Management, Winterflood, and Brewery Rentals, and the exit from Vehicle Hire.
**Optimization**Accelerated cost savings plans, targeting £25 million in 2026 and £60 million by 2027, positioning the group for double-digit returns by 2028.
**Growth**Focused on core markets with strong and sustainable opportunities, targeting 5-10% annual growth through the cycle.
**Capital and Funding**
**CET1 Capital Ratio**Increased to 14.3% (31 July 2025: 13.8%), reflecting disposals and lower RWAs, partly offset by motor finance provisions.
**Total Funding**Decreased by 8% to £11.7 billion, covering 124% of the loan book, with a prudent maturity profile.
**Divisions Performance**
**Commercial**Adjusted operating profit decreased to £40.7 million (H1 2025: £50.0 million) due to lower utilization in Invoice Finance and the wind-down of Novitas.
**Retail**Adjusted operating profit increased to £17.5 million (H1 2025: £16.8 million), driven by a Motor Finance impairment release and improved credit performance in Premium Finance.
**Property**Adjusted operating profit declined to £29.8 million (H1 2025: £42.1 million) due to softer demand and increased impairment charges.
**Outlook**
**Cost Savings**Accelerated targets, with £25 million in 2026 and £60 million by 2027.
**NIM**Expected to be slightly below 7% in 2026.
**Bad Debt Ratio**Expected to remain below 1.2% in 2026.
**RoTE**On track to achieve double-digit returns by 2028, rising thereafter.
**Conclusion**
Close Brothers Group PLC demonstrated resilience in the first half of 2026, with a focus on strategic repositioning, cost optimization, and sustainable growth. Despite challenges, the group remains well-capitalized and positioned for future growth, with a clear path to achieving its long-term financial goals.
Here is a comparison of the financials and debt year on year presented as an HTML table:
Metric2025 (£ million)2026 (£ million)Change (%)
Operating loss before tax(102.2)(65.5)36
Adjusted operating profit80.565.2(19)
Loss attributable to shareholders(111.8)(64.4)42
Loan book9,5009,200(2)
CET1 capital ratio13.8%14.3%4
Total assets14,071.912,283.6(13)
Total liabilities12,336.410,620.8(14)
Total equity1,735.51,662.8(4)
**Key Observations:** - **Operating Loss Improvement:** The operating loss before tax decreased by 36% from £102.2 million in 2025 to £65.5 million in 2026, indicating improved operational efficiency. - **Adjusted Operating Profit Decline:** Adjusted operating profit decreased by 19% from £80.5 million in 2025 to £65.2 million in 2026, likely due to lower income and increased costs. - **Loan Book Reduction:** The loan book decreased by 2% from £9.5 billion in 2025 to £9.2 billion in 2026, reflecting the company's repositioning and market conditions. - **CET1 Capital Ratio Increase:** The CET1 capital ratio increased from 13.8% in 2025 to 14.3% in 2026, indicating a stronger capital position. - **Balance Sheet Reduction:** Total assets and liabilities decreased by 13% and 14%, respectively, primarily due to the sale of Winterflood and CBRL, and a reduction in treasury assets and customer deposits. This table provides a concise overview of the key financial and debt metrics, highlighting the year-on-year changes and trends.
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STVG
STVG STV Group plc
06:01
Market

STV Group Full Year Results to 31 December 2025

**Summary of STV Group Full Year Results to 31 December 2025** **Financial Performance:** - **Revenue:** £176.9 million, down 6% year-on-year, primarily due to a 10% decline in Total Advertising Revenue (TAR) to £89.3 million, driven by n…

**Summary of STV Group Full Year Results to 31 December 2025**
**Financial Performance**
**Revenue** £176.9 million, down 6% year-on-year, primarily due to a 10% decline in Total Advertising Revenue (TAR) to £89.3 million, driven by national linear advertising. Studios revenue remained resilient at £83.0 million, down 1%.
**Adjusted Operating Profit** £11.6 million, down 44%, with both divisions reporting a 35% decline. Adjusted operating margin fell to 6.6% from 11.0% in 2024.
**Statutory Operating Profit** £3.8 million, down 71% from 2024.
**Net Debt:** £45.3 millionat the lower end of guidancecompared to £38.7 million in 2024.
**Cost Savings** Management actions are expected to deliver annualised cost savings of £8 million by the end of FY26, with £4.1 million already achieved in FY24/FY25.
**Operational Highlights**
**STV Player** Achieved record consumption, up 9% to 75 million hours, with registered Daily Active Users up 10%.
**Audio Business** Successful launch of STV Radio, attracting new advertisers and audiences.
**Advertising Innovation** Strengthened advertising proposition with pause ads and STV ADapt, with new products planned for 2026.
**Studios** Delivered 37 new commissions and recommissions in 2025, including notable projects like *Blue Lights* (Series 3) and *The Witness* for Netflix. Forward production orderbook stands at £33 million.
**Strategic Progress**
**Audience Division** Maximising reach and engagement across broadcast, streaming, and audio platforms. STV and STV Player combined reach 75% of Scots monthly, outperforming competitors like Netflix and Amazon Prime in Scotland.
**Studios** Focus on high-quality, returnable IP with strong international appeal, supported by an expanded customer mix and disciplined portfolio management.
**Cost Discipline** Tight cost management remains a priority, with restructuring and cost-saving measures implemented to improve financial performance in 2026.
**Market Outlook**
**Advertising** Q1 2026 TAR is expected to decline by 5%, with national linear down 7% and regional linear down 11%. VOD revenue is expected to grow by 3%.
**Events** The FIFA Mens World Cup is expected to boost advertising revenue in Q2 2026.
**Studios** Forward orderbook of £33 million at the end of December 2025, with no cancellations notified.
**Dividend**
No final dividend proposed for 2025 to preserve financial flexibility and liquidity, given continued pressure on operating margins and the current debt profile.
**Management Commentary**
**Rufus Radcliffe, Chief Executive** Highlighted the challenging market conditions in 2025 but emphasized the groups operational discipline and strategic progress. He expressed optimism for 2026, citing major events, new advertiser products, and significant content deliveries for global streamers.
**Conclusion**
STV Groups 2025 results reflect a challenging year, with revenue and profit declines driven by macroeconomic pressures and a weak advertising market. However, the group has made strategic progress, particularly in its Audience division and Studios, and is focused on cost discipline and innovation to improve performance in 2026. The absence of a dividend reflects a cautious approach to financial management in a volatile market.
Here is the HTML table code comparing the financials and debt year on year for STV Group PLC:
Financial Metric2025 (£m)2024 (£m)Change
Revenue176.9188.0-6%
Adjusted Operating Profit11.620.6-44%
Operating Profit3.813.2-71%
(Loss)/Profit for the Year(4.0)13.1-130%
Cash Generated by Operations15.517.7-12%
Net Debt45.338.7+17%

Debt Comparison

Debt Metric2025 (£m)2024 (£m)Change
Net Debt45.338.7+6.6
Leverage (x)2.51.5+67%
Interest Cover (x)6.18.5-28%

Note: Net debt includes amounts drawn under non-recourse production financing facilities of £2.3m (2024: £9.9m)

**Key Observations:** * Revenue decreased by 6% year-on-year, primarily driven by a 10% decline in Total Advertising Revenue (TAR). * Adjusted operating profit declined by 44%, mainly due to lower TAR, reduced new format sales in Studios, and inflationary pressures. * Net debt increased by £6.6m, partly due to the loss for the year of £4m (2024: profit of £13.1m). * Leverage increased to 2.5x, while interest cover decreased to 6.1x, both still within covenant limits. This HTML code creates two tables comparing the financials and debt metrics year-on-year, highlighting the changes and trends in STV Group PLC's financial performance.
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AT.
AT. AT.
06:01
Market

Full Year Results 2025

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VAST
VAST Vast Resources PLC
06:01
Market

Statement re Press Article

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WATR
WATR Water Intelligence plc
06:01
Market

2025 Full Year Trading Update & Board Change

Open Terminal Source RNS
PEBB
PEBB The Pebble Group PLC
06:01
Market

AUDITED FULL YEAR RESULTS 2025

**Summary of The Pebble Group PLCs Audited Full Year Results 2025** The Pebble Group PLC, a leading provider of technology, products, and services to the global promotional products industry, announced its audited results for the year end…

**Summary of The Pebble Group PLCs Audited Full Year Results 2025**
The Pebble Group PLC, a leading provider of technology, products, and services to the global promotional products industry, announced its audited results for the year ended 31 December 2025. Key highlights include
### **Financial Performance**
**Revenue**£124.7 million, slightly down from £125.3 million in 2024, but in line with expectations.
**Gross Profit Margin**Improved to 45.6% from 44.3% in 2024, driven by better margins at Brand Addition.
**Operating Profit**£7.4 million, down from £8.6 million in 2024, due to increased investment in sales and marketing.
**Profit Before Tax**: £6.9 milliondown from £8.1 million in 2024.
**Basic Earnings Per Share**: 3.45pdown from 3.83p in 2024.
**Cash**£9.6 million, down from £16.5 million in 2024, reflecting shareholder returns and investments.
**Dividend Per Share**Increased to 2.00p from 1.85p in 2024.
### **Business Highlights**
**Facilisgroup**
Secured 30 new Partners (up from 16 in 2024) after investing approximately $1 million in sales and marketing.
Partner retention rate remained high at 97%, with 253 Partners as of 31 December 2025.
Focus on accelerating revenue growth through high Partner lifetime value and efficient acquisition costs.
**Brand Addition**
Revenue remained stable at £107.5 million, with improved margins (37.0% gross margin, up from 35.2%).
New client contracts contributed £6.5 million in revenue, up from £5.3 million in 2024.
Adjusted EBITDA increased to £11.4 million from £10.8 million.
### **Shareholder Returns**
**Share Buyback**Launched a £5.0 million share buyback program to return value to shareholders.
**Dividend**Proposed a final dividend of 2.0 pence per share, up from 1.85 pence in 2024.
**Total Capital Returns**£11.7 million in 2025, up from £3.4 million in 2024.
### **Strategic Focus**
**Organic Growth**Continued emphasis on organic growth and disciplined capital allocation.
**AI Integration**Increasing focus on AI to enhance operational efficiency, productivity, and decision-making.
**ESG Commitment**Progress on environmental, social, and governance goals, including a net-zero strategy and reduced emissions.
### **Outlook**
**Facilisgroup**Expected revenue growth in 2026 driven by new Partner wins and improved lifetime value.
**Brand Addition**Aim to increase revenues while maintaining improved profit margins.
**Overall**Confidence in delivering profitable growth, strong cash generation, and sustainable value creation despite macroeconomic uncertainties.
### **Board and Governance**
**Board Changes**Markus Bihler joined as a Non-executive Director, bringing expertise in technology-enabled business models and value creation.
**Governance**Strengthened governance with new policies on fraud prevention and AI.
The Pebble Group remains well-positioned to capitalize on its market opportunities, supported by a robust balance sheet, strategic investments, and a commitment to shareholder value.
Here is the HTML table code comparing the financials and debt year on year for The Pebble Group PLC:
MetricFY 2025FY 2024Change
Revenue (£'m)124.7125.3-0.5%
Gross Profit Margin (%)45.644.3+1.3ppt
Operating Profit (£'m)7.48.6-14.0%
Profit Before Tax (£'m)6.98.1-14.8%
Basic Earnings Per Share (pence)3.453.83-9.9%
Cash (£'m)9.616.5-£6.9m
Dividend Per Share (pence)2.001.85+8.1%
Adjusted EBITDA (£'m)15.816.7-5.4%
Free Cash Flow Conversion (%)9168+23ppt
Basic Adjusted Earnings Per Share (pence)3.864.63-16.6%
Capital Returns (£'m)11.73.4+£8.3m
Debt (£'m)00N/A
**Notes:** * The table includes key financial metrics and debt information for The Pebble Group PLC for FY 2025 and FY 2024. * The "Change" column shows the percentage change or absolute difference between the two years. * The company is debt-free, as indicated by the "Debt" row. * The table is based on the information provided in the text, which is an audited full-year results announcement for The Pebble Group PLC.
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KETL
KETL Strix Group Plc
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
VINO
VINO Virgin Wines UK PLC
06:01
Market

Interim Results

**Summary of Virgin Wines UK PLC Interim Results (H1 2026)** **Financial Highlights:** - **Revenue Growth:** Increased by 2% year-on-year to £34.7 million (H1 2024: £34.1 million), outperforming the wider online drinks market, which d…

**Summary of Virgin Wines UK PLC Interim Results (H1 2026)**
**Financial Highlights**
**Revenue Growth** Increased by 2% year-on-year to £34.7 million (H1 2024: £34.1 million), outperforming the wider online drinks market, which declined by 11%.
**Christmas Trading** Strong performance with a 5% revenue increase over the peak seven-week period to 26 December 2025.
**Balance Sheet** Remains robust with net cash of £10.6 million (H1 2024: £17.3 million) and gross cash of £17.9 million (H1 2024: £23.7 million), while remaining debt-free.
**Shareholder Returns** Returned £2.7 million to shareholders via share buybacks.
**Profitability** Adjusted EBITDA of £259k, with a loss before tax of £356k due to increased investment in growth.
**Strategic Highlights**
1. **Customer Acquisition**
40% year-on-year increase in new customers (75k acquired), with a 12% rise in WineBank membership.
Cost per acquisition remained stable at £15.34 despite significant growth.
2. **Commercial Partnerships**
Revenue from partnerships and corporate gifting grew year-on-year, with the Moonpig partnership delivering double-digit growth.
3. **Mobile App**
Initial phase completed with a soft launch in March 2026, expected to enhance customer engagement.
4. **Warehouse Wines**
Revenue increased by 92% year-on-year, with a 41.1k customer base, demonstrating strong value-led growth.
**Current Trading and Outlook**
January and February 2026 revenue up 12% year-on-year, with full-year revenue in line with market expectations.
Customer acquisition accelerated, with January up 54% and February up 83% year-on-year.
Warehouse Wines revenue grew by 105% in January and February.
Increased near-term investment of £0.55 million in customer acquisition, expected to maintain EBITDA profitability.
Challenges include inflationary pressures, rising duties, and regulatory costs, but the company remains confident in its growth strategy.
**CEO Commentary (Jay Wright)**
Highlighted success in customer acquisition, commercial partnerships, Warehouse Wines growth, and mobile app development.
Emphasized strong momentum, disciplined cost management, and confidence in delivering sustained success despite macroeconomic challenges.
**Financial Review (Amanda Cherry)**
Revenue growth of 2% to £34.7 million, with a loss before tax of £0.4 million due to increased investment.
Gross profit margin decreased to 27.7% due to promotional offers and sales mix changes.
EBITDA of £0.2 millionimpacted by growth investments.
Strong balance sheet with £17.9 million in gross cash and £7.7 million in inventory.
**Conclusion**
Virgin Wines UK PLC demonstrated resilience and growth in a challenging market, with strategic investments in customer acquisition, partnerships, and technology driving performance. Despite short-term profitability pressures, the company remains focused on long-term growth and market outperformance.
Here is the HTML table code comparing the financials and debt year on year for Virgin Wines UK PLC:
Financial MetricH1 2026 (£'000)H1 2025 (£'000)Change (£'000)Change (%)
Revenue34,74734,0846632%
Gross Profit9,63610,122(486)-5%
EBITDA2591,600(1,341)-84%
Loss Before Tax(356)1,273(1,629)-128%
Net Cash10,60017,300(6,700)-39%
Gross Cash17,94423,661(5,717)-24%
Inventory7,6956,5171,17818%
Debt0000%

Notes:

  • Revenue increased by 2% year-on-year, outperforming the wider online drinks market which declined by 11%.
  • Gross profit margin decreased by 2% to 27.7% due to increased promotional offers and changes in sales mix.
  • EBITDA and loss before tax were significantly impacted by increased investment in customer acquisition and marketing.
  • Net cash and gross cash decreased due to share buybacks, capex, and increased inventory.
  • The company remains debt-free.
This table provides a clear comparison of key financial metrics between H1 2026 and H1 2025, including revenue, gross profit, EBITDA, loss before tax, net cash, gross cash, inventory, and debt. The notes section highlights key insights from the comparison.
Open Terminal Source RNS
GFRD
GFRD Galliford Try PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
CCEP
CCEP Coca-Cola Europacific Partn…
06:01
Market

Transactions in Own Shares

Open Terminal Source RNS
PALM
PALM Panther Metals PLC
06:01
Market

Winston Tailings Project: Batch 1 Assay Results

Open Terminal Source RNS
BRES
BRES Blencowe Resources Plc
06:01
Market

Beehive Drilling Returns Multiple 30m Intercepts

Open Terminal Source RNS
CAN
CAN Groupe Canal Plus
06:01
Market

Annual Financial Report

Open Terminal Source RNS
EYE
EYE Eagle Eye Solutions Group p…
06:01
Market

Half Year Results

**Summary of Eagle Eye Solutions Group PLC Half-Year Results (H1 2026):** Eagle Eye Solutions Group PLC, a leading provider of applied AI for marketing, reported strong financial performance for the six months ended 31 December 2025, exce…

**Summary of Eagle Eye Solutions Group PLC Half-Year Results (H1 2026):**
Eagle Eye Solutions Group PLC, a leading provider of applied AI for marketing, reported strong financial performance for the six months ended 31 December 2025, exceeding initial expectations. Key highlights include
### **Financial Performance**
**Revenue Growth** Group revenue (excluding NRS impact) grew by 16% to £22.4 million, driven by a 24% increase in recurring revenue to £19.1 million. Including NRS, revenue slightly declined to £23.0 million.
**Annual Recurring Revenue (ARR)** ARR increased by 29% to £42.2 million, with new ARR in H1 2026 surpassing the entire FY 2025.
**Net Revenue Retention (NRR)** NRR (excluding NRS) improved to 108%, up from 104% in H1 2025. Including NRS, NRR was 99%.
**Profitability** Adjusted EBITDA was £4.3 million (18% margin), ahead of expectations, despite a 28% decline from H1 2025. Profit after tax was £0.1 million, down from £1.9 million in H1 2025.
**Cash Position** Net cash increased by 3% to £12.1 million, supporting investment in growth initiatives.
### **Strategic Highlights**
**New Customer Wins** Secured eight new multi-year contracts for the AIR platform and EagleAI solutions, including major wins in North America, Europe, and Asia. Notable wins include Wakefern, Kwik Trip, and FairPrice Co-Operative Ltd.
**US Market Expansion** Achieved £2.5 million in new ARR from four significant US wins, reflecting strengthened brand presence and refined go-to-market strategies.
**AI Growth** EagleAI revenues grew by 23% to £3.6 million, now representing 15% of Group revenues. Integration of AIR and EagleAI is delivering value through AI Personalised Promotions.
**OEM Partnership** Secured first two customer contracts through the OEM partnership, with expected ARR of £2.0 million, and material revenue generation expected from FY27.
**Operational Efficiency** Improved revenue mix with recurring revenues at 85% of Group revenues, up from 80% in H1 2025. Adjusted EBITDA margin exceeded expectations due to cost efficiencies and platform optimisation.
### **Outlook**
The Board is confident in delivering FY26 results in line with increased market expectations, targeting a 20% EBITDA margin run rate by the end of FY26.
Expects a return to double-digit revenue and EBITDA growth in FY27, driven by momentum in ARR growth, customer expansion, and AI innovation.
### **CEO Statement**
Tim Mason, CEO, highlighted strong execution, ARR growth, and progress in strategic priorities, including US market traction and OEM partnership success. Emphasised leadership in applied AI for retail and commitment to long-term value creation.
### **Key Metrics (H1 2026 vs H1 2025)**
**ARR (excl. NRS)** £42.2m (+29%)
**NRR (excl. NRS)** 108% (+4ppts)
**Group Revenue (excl. NRS)** £22.4m (+16%)
**Recurring Revenue** £19.1m (+24%)
**Adjusted EBITDA** £4.3m (-28%)
**Net Cash** £12.1m (+3%)
Eagle Eye remains focused on capturing the growing demand for AI-powered loyalty and personalisation solutions, with a disciplined approach to margin improvement and long-term growth.
Here is the HTML table code comparing the financials and debt year on year for Eagle Eye Solutions Group PLC:
MetricH1 2026H1 2025Change
KPIs excluding NRS
Period end Annual Recurring Revenue£42.2m£32.8m+29%
Net Revenue Retention108%104%+4ppts
Group Revenue£22.4m£19.3m+16%
Recurring Revenue£19.1m£15.4m+24%
KPIs including NRS
Group revenue£23.0m£24.2m-5%
Recurring Revenue£19.6m£19.5m+1%
Professional Services Revenue£3.0m£4.4m-32%
SMS Revenue£0.4m£0.3m+55%
Recurring revenue % of Group revenue85%81%+5ppts
Period end Annual Recurring Revenue£42.2m£41.0m+3%
Net Revenue Retention99%104%-5ppts
Direct profit£16.2m£16.9m-4%
Adjusted EBITDA£4.3m£5.9m-28%
Adjusted EBITDA margin18%24%-6ppts
Profit after tax£0.1m£1.9m-93%
Net cash at 31 December£12.1m£11.7m+3%

Note: Debt information is not explicitly mentioned in the provided text. However, the "Net cash" metric can be used as a proxy for debt, where an increase in net cash indicates a decrease in debt or an improvement in liquidity.

This table compares the key financial metrics for Eagle Eye Solutions Group PLC between H1 2026 and H1 2025, including revenue, recurring revenue, EBITDA, and net cash. The "Change" column shows the percentage change between the two periods. Please note that the debt information is not explicitly mentioned in the provided text, so the table focuses on financial metrics and uses "Net cash" as a proxy for debt.
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IMM
IMM ImmuPharma PLC
06:01
Market

P140 Update; Fundraise, Related Party Transaction

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TPFG
TPFG Property Franchise Group PLC
06:01
Market

Final Results

**Summary:** The Property Franchise Group PLC (TPFG) reported a record year for FY25, with significant growth across its franchising, financial services, and licensing divisions. Key financial highlights include a 25% increase in group re…

**Summary**
The Property Franchise Group PLC (TPFG) reported a record year for FY25, with significant growth across its franchising, financial services, and licensing divisions. Key financial highlights include a 25% increase in group revenue to £84.3 million, a 49% rise in EBITDA to £30.3 million, and a 39% increase in adjusted profit before tax to £31.0 million. The company also achieved a 22% increase in the full-year dividend to 22p per share.
Operationally, TPFG expanded its managed portfolio to 149,000 properties, completed 35,000 residential sale transactions, and maintained a steady sales pipeline of £33.0 million. The company launched the Privilege programme, adding £1.5 million in incremental revenue, and its Financial Services division delivered a record 25,000 mortgages. The Licensing division grew with Fine & Country adding 13 new licensees, including eight international offices.
TPFG made significant progress in AI-focused initiatives, enhanced its senior leadership team, and strengthened its balance sheet with net debt reduced to £2.3 million. The company is well-positioned for future growth, focusing on revenue synergies, navigating market conditions, and pursuing complementary acquisitions. The Board expressed confidence in delivering sustainable long-term value for shareholders, supported by a clear strategy and a resilient business model.
Here is the HTML table code comparing the financials and debt year on year for The Property Franchise Group PLC:
Metric20252024Change
Revenue£84.3m£67.3m25%
EBITDA£30.3m£20.4m49%
Adjusted Profit Before Tax£31.0m£22.3m39%
Net Debt£2.3m£9.1m(75%)
Cash Generated from Operations£22.1m£14.7m50%
Dividend per Share22p18p22%
**Notes:** * The table compares key financial metrics for The Property Franchise Group PLC between 2025 and 2024. * The "Change" column shows the percentage change between the two years. * The data is sourced from the provided text, which is an RNS announcement from The Property Franchise Group PLC.
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OCI
OCI Oakley Capital Investments …
06:01
Market

Oakley Capital partners with Groupe Senef

Open Terminal Source RNS
BBOX
BBOX Tritax Big Box REIT plc
06:01
Market

Manor Farm Data Centre – Planning Timetable Update

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NFM
NFM NFM
06:01
Market

Operational Update

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VLE
VLE Volvere PLC
06:01
Market

Trading Update and Notice of Final Results

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VINO
VINO Virgin Wines UK PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
SAA
SAA M&C Saatchi
06:01
Market

Transaction in Own Shares

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STEM
STEM SThree plc
06:01
Market

FY26 Q1 Trading Update

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TLM
TLM TLM
06:01
Market

Fougnar Exploration Update

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APTD
APTD Aptitude Software Group PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
HILS
HILS Hill & Smith Holdings PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
JET2
JET2 Jet2 PLC
06:01
Market

Transaction in Own Shares

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TRST
TRST Trustpilot Group PLC
06:01
Market

Profitability ahead of expectations

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SML
SML Strategic Minerals Plc
06:01
Market

Redmoor - Infill Drilling Contract Signed

**Summary:** Strategic Minerals plc, through its wholly owned subsidiary Cornwall Resources Limited (CRL), has signed a drilling contract with Priority Drilling UK Ltd to commence an infill drilling program at the Redmoor tungsten-tin-cop…

**Summary**
Strategic Minerals plc, through its wholly owned subsidiary Cornwall Resources Limited (CRL), has signed a drilling contract with Priority Drilling UK Ltd to commence an infill drilling program at the Redmoor tungsten-tin-copper project in southeast Cornwall. This program aims to convert inferred mineral resources to indicated resources and produce a reserve calculation as part of the prefeasibility study. The drilling is fully funded by a £4m placing completed in January 2026.
Key highlights include
One drill rig has arrived on site, with additional rigs reserved pending planning approval for expanded operations.
The program is designed to leverage the success of the 2025 drilling campaign, which demonstrated the reliability of the new deposit model.
Tungsten prices remain at historic highs, emphasizing the strategic importance of advancing the Redmoor project, Europes highest-grade undeveloped tungsten resource.
CRL has a strong track record of securing permissions and working with local stakeholders to ensure efficient drilling operations.
The contract marks a significant milestone in Redmoors development, with drilling set to begin shortly after site preparations are completed.
NewContract
Open Terminal Source RNS
ESNT
ESNT Essentra PLC
06:01
Market

Results for the Full Year Ended 31 December 2025

**Summary of Essentra plcs Final Results for the Full Year Ended 31 December 2025** Essentra plc reported its full-year results for 2025, highlighting performance in line with market expectations and strategic progress. Key financial and …

**Summary of Essentra plcs Final Results for the Full Year Ended 31 December 2025**
Essentra plc reported its full-year results for 2025, highlighting performance in line with market expectations and strategic progress. Key financial and operational highlights include
### **Financial Performance**
**Revenue**£302.0 million, flat compared to 2024 (£302.4 million) but up 2.5% on a constant currency basis, driven by growth across all regions.
**Adjusted Operating Profit**£32.0 million, down from £40.1 million in 2024, reflecting margin pressures due to geographic mix effects and reinvestment.
**Adjusted Operating Margin**10.6%, down from 13.3% in 2024, impacted by temporary costs and mix shifts.
**Adjusted Net Cash Flow from Operating Activities**: £44.0 million, up from £36.4 million in 2024, with strong cash conversion of 137.5%.
**Net Debt**£60.7 million (excluding lease liabilities), down from £68.2 million in 2024, with leverage at 1.4x adjusted EBITDA.
**Dividend**Final dividend of 1.2p per share proposed, maintaining full-year dividend cover of around three times adjusted earnings.
### **Strategic Progress**
**Revenue Growth**All three regions (EMEA, Americas, APAC) delivered year-on-year constant currency revenue growth, with EMEA up 2.6%, Americas up 2.0%, and APAC up 3.1%.
**Acquisition**Completed the acquisition of Device Technologies in December 2025, a US-based specialty cable protection devices manufacturer, aligning with inorganic growth strategy.
**ERP Deployment**Progressed with Microsoft Dynamics 365 rollout in EMEA, with six additional locations launched, on track for completion in early 2027.
**Footprint Optimisation**Transferred manufacturing operations from Costa Rica to Mexico to improve scale and service in the Americas.
### **Operational Highlights**
**Gross Margins**Remained robust at 43.7% (2024: 45.3%), despite temporary pressures from geographic mix and ERP deployment costs.
**Sustainability**Launched components using post-consumer recycled materials and introduced over 1,600 sustainable products in 2025, surpassing 2030 SBTi emissions reduction targets five years early.
**Customer Satisfaction**Strong customer NPS scores across regions, with EMEA at 35, Americas at 55, and APAC at 47 (China declined to 47 due to pricing tensions).
### **Outlook**
**2026 Expectations**Trading-to-date provides confidence in achieving 2026 expectations, with management focused on margin improvement and operational efficiency.
**Balance Sheet**Remains strong, providing flexibility for strategic investments and bolt-on acquisitions.
**Middle East Situation**Monitoring potential broader impacts, though the Group has no operating footprint in the region.
### **CEO Commentary**
Scott Fawcett, CEO, emphasized 2025 as a year of strategic progress despite subdued global industrial demand. He highlighted revenue growth across regions, robust gross margins, and advancements in strategic priorities, including the Device Technologies acquisition and ERP rollout. Fawcett expressed confidence in Essentras ability to create strong shareholder value through its unique customer proposition, clear strategic priorities, and disciplined capital allocation.
### **Conclusion**
Essentra plc demonstrated resilience in 2025, achieving modest revenue growth, maintaining robust gross margins, and making significant strategic progress. The Group is well-positioned for further growth in 2026, supported by a strong balance sheet, operational efficiency initiatives, and a focus on sustainable and value-enhancing growth opportunities.
Here is the HTML table code comparing the financials and debt year on year for Essentra plc: td>(23.1%)
Metric2025 (£m)2024 (£m)Change Constant FXChange Actual FX
Revenue302.0302.42.5%(0.1%)
Adjusted Operating Profit32.040.1(17.7%)(20.2%)
Adjusted Operating Margin10.6%13.3%(260bps)(270bps)
Adjusted Pre-tax Profit24.031.2(20.8%)
Adjusted Basic Earnings per Share6.1p8.5p(25.2%)(28.2%)
Adjusted Net Cash Flow from Operating Activities44.036.420.8%20.9%
Net Debt (excluding lease liabilities)60.768.2(11.0%)(11.0%)
Net Debt to Adjusted EBITDA1.4x1.3x(7.7%)(7.7%)

Key Observations:

  • Revenue remained relatively flat year-on-year, with a slight decrease in actual FX terms.
  • Adjusted operating profit and pre-tax profit decreased significantly, driven by margin pressures and increased costs.
  • Net debt decreased by 11.0%, reflecting strong cash flow generation and debt management.
  • Net debt to adjusted EBITDA ratio increased slightly, but remains within the target range of <1.5x.
**Note:** The percentage changes for net debt and net debt to adjusted EBITDA are calculated based on the provided data. The actual FX change for net debt is the same as the constant FX change since currency effects are not applicable to this metric.
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VOD
VOD Vodafone Group PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
GSF
GSF Gore Street Energy Storage …
06:01
Market

Update to Strategy and Capital Allocation

Open Terminal Source RNS
PSON
PSON Pearson PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
NCC
NCC NCC Group plc
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
IHG
IHG InterContinental Hotels Gro…
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
AV.
AV. AV.
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
SWG
SWG Shearwater Group plc
06:01
Market

Interim Results

**Summary of Shearwater Group PLC Interim Results for H1 FY26 (Ended 31 December 2025)** **Financial Highlights:** - **Revenue Growth:** £14.0 million, up 31% YoY (from £10.7 million in Jul-Dec FY25) and 24% from the reported FY25 int…

**Summary of Shearwater Group PLC Interim Results for H1 FY26 (Ended 31 December 2025)**
**Financial Highlights**
**Revenue Growth** £14.0 million, up 31% YoY (from £10.7 million in Jul-Dec FY25) and 24% from the reported FY25 interim results (Apr-Sep FY25: £11.3 million). Growth driven by organic expansion and FY25 contract wins.
**Adjusted EBITDA** £0.0 million (vs. £0.1 million profit in Jul-Dec FY25), with a reported loss of £0.4 million for H1 FY25.
**Administrative Expenses** £2.9 million, down 6% YoY, reflecting cost reduction initiatives and FY25 restructuring.
**Cash Position** £2.2 million, impacted by short-term project cash flow timing. Adjusted for a £1.5 million contract outflow resolved in January 2026, the balance would have been £3.7 million (vs. £3.6 million in Dec 2024).
**Operational Highlights**
**Services Momentum** Strong demand from blue-chip clients in Telecommunications, Financial Services, and Government sectors.
**Contract Wins** Notable wins include a £7.3 million extension with a mobile network operator and expansions in Central Government.
**Pentest Business** Returned to profitability post-FY25 restructuring.
**Software Solutions** Continued demand for on-premise solutions, particularly in regulated sectors.
**H2 Start** Positive momentum with a £9 million renewal/extension in global financial services post-period end.
**Board Update**
Robin Southwell appointed as Chair effective 1 February 2026.
**Outlook**
**Pipeline Strength** Robust pipeline supported by Services momentum, with H2 wins aligning to peak sales cycles.
**Margin Improvement** Expected in H2 as new solutions are delivered.
**Full-Year Confidence** Board remains confident in meeting market expectations for FY26.
**CEO Commentary (Phil Higgins)**
Highlighted progress in revenue growth and operational performance, driven by demand in high-threat environments.
Emphasized Services business momentum, Pentest profitability, and software portfolio investments.
Confident in H2 performance and FY26 market expectations, supported by recent contract wins and margin improvements.
**Market Opportunity**
Cybersecurity market projected to grow at 14% CAGR globally and 10-12% in the UK, driven by escalating cyber threats.
Shearwater’s differentiated full-service offering positions it to capitalize on this growth.
**Segment Performance**
**Services** 37% revenue growth to £12.9 million, driven by cloud-hosted software and FY25 contracts. Gross margin slightly down to 17% due to revenue recognition policy changes.
**Software** Revenue declined 12% to £1.1 million but remained stable compared to FY25 pro-rated totals.
**Financial Position & Cash Flow**
H1 cash outflow due to timing of project payments, with net cash used in operations at £2.4 million.
Strong financial position to support growth initiatives.
**Conclusion**
Shearwater Group demonstrated resilient H1 performance with strong revenue growth, operational improvements, and strategic contract wins. Despite short-term cash flow challenges, the company is well-positioned to capitalize on cybersecurity market opportunities, with confidence in delivering full-year expectations.
Here’s an HTML table comparing the financials and debt year on year for Shearwater Group PLC based on the provided text:
MetricH1 FY26 (unaudited)H1 FY25 (unaudited)YOY Change
Revenue£14.0m£10.7m+31%
Gross Profit£2.9m£3.2m-10%
Adjusted Administrative Expenses£2.9m£3.1m-6%
Adjusted EBITDA£0.0m£0.1m-100%
Cash and Cash Equivalents£2.2m£3.6m-39%
Debt (Long-term)£3.5m£4.5m-22%
### Explanation: 1. **Revenue**: Increased by 31% from £10.7m in H1 FY25 to £14.0m in H1 FY26. 2. **Gross Profit**: Decreased by 10% from £3.2m in H1 FY25 to £2.9m in H1 FY26. 3. **Adjusted Administrative Expenses**: Decreased by 6% from £3.1m in H1 FY25 to £2.9m in H1 FY26. 4. **Adjusted EBITDA**: Fell from £0.1m in H1 FY25 to £0.0m in H1 FY26. 5. **Cash and Cash Equivalents**: Decreased by 39% from £3.6m in H1 FY25 to £2.2m in H1 FY26. 6. **Debt (Long-term)**: Decreased by 22% from £4.5m in H1 FY25 to £3.5m in H1 FY26. This table provides a clear comparison of key financial metrics and debt levels between the two periods.
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BWY
BWY Bellway PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
GFTU
GFTU Grafton Group plc
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
FDEV
FDEV Frontier Developments Plc
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
LST
LST Light Science Technologies …
06:01
Market

Result of Retail Offer

Open Terminal Source RNS
PLUS
PLUS Plus500 Ltd
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
HTG
HTG Hunting PLC
06:01
Market

Commencement of Second Share Buyback

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HTG
HTG Hunting PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
GLB
GLB Glanbia plc
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
YU.
YU. YU.
06:01
Market

Final results for the year ended 31 December 2025

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EEE
EEE Empire Metals Limited
06:01
Market

Diamond Drilling Results

Open Terminal Source RNS
ABDX
ABDX Abingdon Health Plc
06:01
Market

Half-year Financial Report

**Summary of Abingdon Health PLC Half-Year Financial Report (H1 FY26)** **Financial Performance** - **Revenue Growth**: Total revenue (including grant-funded income) increased by 45% to £4.5 million (H1 FY25: £3.1 million). Reported r…

**Summary of Abingdon Health PLC Half-Year Financial Report (H1 FY26)**
**Financial Performance**
**Revenue Growth**Total revenue (including grant-funded income) increased by 45% to £4.5 million (H1 FY25: £3.1 million). Reported revenue grew by 37% to £4.2 million.
**Adjusted EBITDA Loss**Improved to £1.7 million (H1 FY25: £1.9 million) due to continued investment in infrastructure and growth.
**Loss Before Taxation**£2.3 million (H1 FY25: £2.6 million).
**Cash Position**Cash and equivalents rose to £3.7 million at 31 December 2025 (30 June 2025: £1.9 million), boosted by a £3.2 million fundraise in October 2025.
**Operational Highlights**
**US Expansion**Expanded CDMO operations in Madison, Wisconsin, with plans for further investment in manufacturing, performance evaluation, and ISO accreditation.
**Major Contracts**Secured a $2.5 million contract in March 2026 for clinical self-test development and regulatory support, adding to a $2 million US contract announced in November 2025.
**Regulatory Services**Revenue grew 49% to £1.9 million, driven by integrated service offerings.
**Innovation**Launched seaweed-based lateral flow housings in partnership with SymbioTex Ltd, emphasizing sustainability.
**Patents**New European patent granted for AppDx® lateral flow smartphone reader, protecting proprietary AI-driven technology.
**Management Changes**Promoted Candice Vendettuoli to Chief Delivery Officer and Natalie Thrush to Chief of Staff to support growth.
**Outlook and Guidance**
**H2 FY26**Expected to be profitable and cash flow positive, with positive adjusted EBITDA.
**FY26 Revenue Guidance**Maintained at £12.6 million (£12.2 million from contracts, £0.4 million from grants).
**FY27 Outlook**Positive, with major CDMO contracts continuing into FY27, providing a strong revenue foundation.
**OTCQB Listing**Shares to begin trading on the OTCQB Venture Market in the US under ticker "ABDXF" to enhance investor accessibility.
**Strategic Focus**
**End-to-End Services**Strengthened by acquisitions of CS Lifesciences and IVDeology, offering comprehensive CDMO, regulatory, and analytical services.
**Sustainability**Commitment to reducing plastic waste in lateral flow products through innovative biobased solutions.
**US Market**Focus on US expansion to capitalize on the growing lateral flow assay market, projected to reach $25.28 billion by 2035.
**Chairman’s Statement**
Dr Chris Hand highlighted substantial revenue growth, strategic investments, and a clear path to profitability. The company’s integrated service offering and strong pipeline position it well for continued growth, with FY27 expected to build on FY26 momentum.
**Conclusion**
Abingdon Health PLC demonstrated robust H1 FY26 performance, with significant revenue growth, strategic advancements, and a positive outlook for H2 FY26 and beyond. The company is well-positioned to capitalize on the lateral flow market’s growth, supported by its expanded US operations, innovative product offerings, and strong contract pipeline.
Here’s an HTML table comparing the financials and debt year on year for Abingdon Health PLC based on the provided text:
MetricH1 FY26 (6 months ended 31 Dec 2025)H1 FY25 (6 months ended 31 Dec 2024)Change
Revenue (Total)£4.5 million£3.1 million+45%
Reported Revenue£4.2 million£3.1 million+37%
Adjusted EBITDA Loss£1.7 million£1.9 millionImproved by £0.2 million
Loss Before Taxation£2.3 million£2.6 millionImproved by £0.3 million
Cash and Cash Equivalents£3.7 million£1.9 million+95%
Debt (Borrowings)£747,000£741,000+0.8%
Regulatory Services Revenue£1.9 million£1.3 million+49%
Contract Development Revenue£1.4 million£0.8 million+91%
Contract Manufacturing Revenue£0.5 million£0.5 million0%
### Key Observations: 1. **Revenue Growth**: Total revenue increased by 45% year-on-year, driven by strong growth in contract development and regulatory services. 2. **Adjusted EBITDA Loss**: Improved by £0.2 million, reflecting the benefit of revenue growth offsetting increased investment. 3. **Cash Position**: Cash and cash equivalents increased significantly due to a successful equity fundraise in October 2025. 4. **Debt**: Borrowings increased slightly by 0.8%, indicating minimal change in debt levels. 5. **Regulatory Services**: Revenue grew by 49%, highlighting the success of the integrated service offering. This table provides a clear comparison of key financial metrics and debt levels between H1 FY26 and H1 FY25.
Open Terminal Source RNS
RUA
RUA Rua Life Sciences PLC
06:01
Market

AGM Statement and Trading Update

Open Terminal Source RNS
ZEG
ZEG Zegona Communications Plc
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
PRU
PRU Prudential plc
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
WIX
WIX Wickes Group PLC
06:01
Market

Full Year Results 2025

**Summary of Wickes Group PLC Full Year Results 2025** Wickes Group PLC reported strong financial performance for the 52 weeks ending December 27, 2025, with total revenue increasing by 5.9% to £1,636.2 million compared to £1,544.5 millio…

**Summary of Wickes Group PLC Full Year Results 2025**
Wickes Group PLC reported strong financial performance for the 52 weeks ending December 27, 2025, with total revenue increasing by 5.9% to £1,636.2 million compared to £1,544.5 million in 2024. Adjusted profit before tax (PBT) rose by 14.4% to £49.9 million, surpassing expectations, while statutory PBT increased significantly to £48.7 million from £23.2 million in 2024, aided by operating leverage and productivity improvements.
**Key Financial Highlights**
**Revenue Growth** Retail revenue grew by 6.5% to £1,208.9 million, driven by strong volume growth, particularly in TradePro (9% sales growth) and mid-single-digit growth in DIY sales. Design & Installation revenue increased by 4.4% to £427.3 million, supported by enhancements in kitchen and bathroom offerings.
**Profitability** Adjusted PBT margin improved to 3.0% from 2.8% in 2024, reflecting operational efficiency and cost management. Statutory PBT margin rose to 3.0% from 1.5% in 2024.
**Cash Position** Net cash stood at £91.7 million, up from £86.3 million in 2024, after investments in growth and shareholder returns, including £44.8 million returned to shareholders.
**Dividends and Share Buybacks** A final dividend of 7.3p per share was declared, maintaining the total dividend at 10.9p for the year. A new £10 million share buyback program was announced, in addition to £5-10 million for employee share schemes in 2026.
**Strategic Achievements**
**Market Share Gains** Wickes achieved record market share in Retail, particularly in timber, tiling, flooring, and paint categories.
**TradePro Growth** Active TradePro members increased to 643,000 from 581,000 in 2024, with sales growth driven by strategic partnerships and customer engagement initiatives.
**Design & Installation Momentum** Five consecutive quarters of ordered sales growth and three consecutive quarters of delivered sales growth were recorded, supported by simplified customer journeys and range enhancements.
**Store Expansion** Wickes opened 5 new stores and completed 11 refits/refreshes in 2025, with an ambition to reach 300 stores nationwide, creating over 2,000 new jobs.
**Digital and Technology Investment** Increased investment in technology to enhance customer experience and support future growth, including new design software and unified commerce platforms.
**Current Trading and Outlook**
**2026 Trading** The first 11 weeks of 2026 showed continued volume growth across indoor projects and Design & Installation, despite wet weather impacting outdoor project demand.
**Future Prospects** Wickes remains confident in its growth strategy, focusing on proven levers like store expansion, digital enhancement, and category wins. The company is comfortable with consensus expectations for adjusted PBT in 2026, despite macroeconomic uncertainties.
**Leadership Commentary**
CEO David Wood highlighted the company’s strong strategic progress, record market share gains, and the successful acceleration of store investment for future growth. He emphasized the commitment to enhancing customer experience and expanding Wickes’ footprint across the UK.
**Conclusion**
Wickes Group PLC demonstrated robust financial and operational performance in 2025, underpinned by strategic investments in growth levers, market share gains, and a focus on customer satisfaction. The company is well-positioned for continued growth in 2026, despite external challenges, with a clear strategy to expand its store network and enhance digital capabilities.
Here is the HTML table code comparing the financials and debt year on year for Wickes Group PLC:
Metric2025 (£m)2024 (£m)Change
Total Revenue1,636.21,544.5+5.9%
Adjusted Profit Before Tax49.943.6+14.4%
Statutory Profit Before Tax48.723.2+109.9%
Net Cash Position91.786.3+6.3%
Average Cash Across the Year153.0144.3+6.0%
Final Dividend Declared (pence)7.37.30%
Total Dividend for the Year (pence)10.910.90%
Lease Liability Net Debt(628.1)(619.0)-1.5%
**Notes:** * The table compares key financial metrics and debt for Wickes Group PLC between 2025 and 2024. * The data is extracted from the provided text, which is the Full Year Results 2025 announcement for Wickes Group PLC. * The table includes metrics such as Total Revenue, Adjusted Profit Before Tax, Statutory Profit Before Tax, Net Cash Position, Average Cash Across the Year, Final Dividend Declared, Total Dividend for the Year, and Lease Liability Net Debt. * The "Change" column shows the percentage change between 2025 and 2024 for each metric. * Negative values in the "Lease Liability Net Debt" row indicate a net debt position.
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2025 Full Year Results

**Summary of Midwich Group PLCs 2025 Full Year Results:** Midwich Group PLC, a global specialist audio-visual (AV) distributor, reported its 2025 full-year results, highlighting a return to revenue growth in the second half of the year de…

**Summary of Midwich Group PLCs 2025 Full Year Results:**
Midwich Group PLC, a global specialist audio-visual (AV) distributor, reported its 2025 full-year results, highlighting a return to revenue growth in the second half of the year despite challenging macroeconomic conditions. The company achieved sustained record gross margins of 17.7%, consistent with 2024.
**Financial Highlights**
**Revenue** £1,270.8 million, a slight decrease of 1.5% from 2024 (£1,289.5 million), with a return to growth in the second half.
**Gross Profit** £225.2 million, down 1.6% from £228.8 million in 2024.
**Adjusted Operating Profit** £43.6 million, a 10.7% decline from £48.9 million in 2024, with 60% generated in the second half.
**Adjusted Profit Before Tax** £30.5 million, down 22.1% from £39.1 million in 2024.
**Adjusted EPS** 22.37p, a 17.0% decrease from 26.96p in 2024.
**Adjusted Cash Flow Conversion** 123%, up from 97% in 2024, reflecting improved working capital management.
**Adjusted Net Debt to Adjusted EBITDA Ratio:** 2.17x, slightly up from 2.0x in 2024 but down from 2.5x in H1 2025.
**Operational Highlights**
**Market Share Gains** The company gained market share with key vendors, supported by its diverse product and geographic portfolio.
**Regional Performance** Strong growth in the UK&I due to market share gains and new vendors, despite challenging conditions. Robust performance in EMEA (excluding Germany), with Germany expected to improve from 2026.
**Digital Investments** Progress in digital initiatives, including AI automation and digital platforms, expected to enhance productivity and growth from 2026.
**Dividend Policy** Proposed final dividend of 3.5p and interim dividend of 1.75p, totaling 5.25p for 2025, reflecting a revised dividend policy with a 25% payout ratio of adjusted EPS.
**Strategic Focus**
**Efficiency and Market Positioning** Focused on driving efficiencies and strengthening market positioning in 2025.
**Digital Strategy** Approved a new digital strategy emphasizing agility, AI, and digital solutions to deliver new customer solutions and differentiate from competitors.
**ERP System** Decided to pause the rollout of a global ERP system, prioritizing bespoke digital tools for quicker benefits at lower cost and risk.
**M&A and Organic Growth** Continued focus on organic growth and strategic acquisitions to expand capabilities and geographic reach.
**Outlook**
**2026 Expectations** The Board anticipates a return to profit growth in 2026, supported by actions taken in 2025 and the companys strong market position.
**Long-Term Growth** The global Pro AV market is expected to grow faster than GDP, and Midwich is well-positioned to benefit from this trend, with less than 4% market share in its target addressable market.
**Leadership Changes**
**CFO Transition** Adam Councell appointed as Group CFO, succeeding Stephen Lamb, who left in 2026.
**Board Changes** Mike Ashley retired from the Board in May 2026, with plans to appoint at least one additional independent Non-executive Director.
**Sustainability and Corporate Governance:**
**Sustainability Progress** Enhanced environmental initiatives, including renewable energy investments and science-based carbon targets.
**Diversity and Inclusion** Commitment to diversity in future Director and senior leader appointments.
**Community Engagement** Continued support for community initiatives, with the Gift of AV program raising £325,000 over five years.
**Conclusion**
Midwich Group PLC demonstrated resilience in 2025, navigating challenging conditions while positioning itself for future growth through strategic investments, operational efficiencies, and a focus on digital transformation. The company remains optimistic about its long-term prospects in the growing Pro AV market.
Here is the HTML table code comparing the financials and debt year on year for Midwich Group PLC:
Metric2025 (£m)2024 (£m)Change (%)
Revenue1,270.81,289.5(1.5%)
Gross Profit225.2228.8(1.6%)
Adjusted Operating Profit43.648.9(10.7%)
Adjusted Profit Before Tax30.539.1(22.1%)
Adjusted Net Debt126.0130.6(3.5%)
Adjusted Net Debt to Adjusted EBITDA Ratio2.17x2.0x8.5%
**Key Observations:** * **Revenue and Gross Profit:** Both revenue and gross profit decreased slightly in 2025 compared to 2024, with a 1.5% and 1.6% decline, respectively. * **Adjusted Operating Profit and Adjusted Profit Before Tax:** These metrics saw more significant declines, with adjusted operating profit decreasing by 10.7% and adjusted profit before tax decreasing by 22.1%. * **Adjusted Net Debt:** Adjusted net debt decreased by 3.5% in 2025, indicating improved cash management. * **Adjusted Net Debt to Adjusted EBITDA Ratio:** This ratio increased by 8.5%, suggesting a slight increase in leverage. Note: The percentages in the "Change (%)" column are calculated based on the provided data.
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Year End Trading Update

**Summary:** Intercede Group PLC, a leading cybersecurity software company specializing in digital identities, released its year-end trading update for the financial year ending 31 March 2026 (FY26). The company expects continued growth i…

**Summary**
Intercede Group PLC, a leading cybersecurity software company specializing in digital identities, released its year-end trading update for the financial year ending 31 March 2026 (FY26). The company expects continued growth in Annual Recurring Revenue (ARR) driven by increased support, maintenance revenues, and adoption of subscription-based licensing. However, full-year revenue is anticipated to be 8-9% below market expectations due to procurement delays, particularly in the United States, and customer purchasing deferrals caused by geopolitical uncertainties, including the Middle East conflict. Adjusted EBITDA is expected to be 15-18% below expectations due to reduced revenues and ongoing strategic investments.
Despite these challenges, Intercede emphasizes that delayed opportunities are not lost, with active customer engagements and improved order intake momentum in H2 FY26. The company maintains a strong cash position, a debt-free balance sheet, and reaffirms its FY27 revenue target of £21 million, reflecting confidence in the timing of delayed opportunities converting into orders as conditions stabilize. The strategic shift to a subscription-based model is accelerating, enhancing revenue quality and predictability. CEO Klaas van der Leest highlighted the robustness of the pipeline, the transition to recurring revenue, and the company’s strong financial position, positioning Intercede for long-term growth and shareholder value. A more detailed trading update is scheduled for 9 April 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not provide explicit year-on-year financial data, the table is structured to reflect the key financial metrics mentioned for FY26 and the outlook for FY27, along with the debt status.
MetricFY26 (Expected)FY27 (Target)Debt Status
Revenue£17.2m - £17.5m
(8-9% below £18.7m expectation)		£21mDebt-free
Adjusted EBITDA£3.9m - £4.1m
(15-18% below £4.6m expectation)		N/A
Cash and Cash Equivalents£19.5m - £19.9m
(3-5% above £19.0m expectation)		N/A
Annual Recurring Revenue (ARR)Continued growthContinued growthN/A
### Explanation: 1. **Revenue (FY26)**: Expected to be 8-9% below the £18.7m market expectation, resulting in a range of £17.2m - £17.5m. 2. **Revenue (FY27)**: Targeted at £21m, reaffirming management's confidence in delayed opportunities converting. 3. **Adjusted EBITDA (FY26)**: Expected to be 15-18% below the £4.6m market expectation, resulting in a range of £3.9m - £4.1m. 4. **Cash and Cash Equivalents (FY26)**: Expected to be 3-5% above the £19.0m market expectation, resulting in a range of £19.5m - £19.9m. 5. **Debt Status**: The company maintains a debt-free balance sheet across both years. 6. **ARR**: Continued growth is expected in both FY26 and FY27 as part of the strategic shift to subscription-based models. This table provides a clear comparison of the key financial metrics and debt status for FY26 and FY27 based on the provided information.
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Interim Results

**Summary of Fonix PLC Interim Results for H1 FY26 (6 months ended 31 December 2025)** **Financial Highlights:** - **Gross Profit:** Increased by 7.1% to £10.5 million (H1 FY25: £9.8 million). - **Adjusted EBITDA:** Rose by 6.4% to …

**Summary of Fonix PLC Interim Results for H1 FY26 (6 months ended 31 December 2025)**
**Financial Highlights**
**Gross Profit** Increased by 7.1% to £10.5 million (H1 FY25: £9.8 million).
**Adjusted EBITDA** Rose by 6.4% to £8.3 million (H1 FY25: £7.8 million).
**Interim Dividend** Increased to 3.10p per share (H1 FY25: 2.90p), in line with the progressive dividend policy.
**Adjusted PBT** Grew by 2.6% to £8.0 million (H1 FY25: £7.8 million).
**Adjusted EPS** Remained stable at 6.2p (H1 FY25: 6.2p).
**Underlying Cash** Decreased by 16.4% to £9.2 million (H1 FY25: £11.0 million), primarily due to increased shareholder distributions.
**Operational Highlights**
1. **International Expansion**
Successfully launched services in **Portugal** with a leading national broadcaster, showing early traction.
Pilot of interactive services in a **third European market** is underway.
Commenced expansion into a **fourth European market**, targeting service launch in FY27.
2. **Product Progress**
**Campaign Manager** Enhanced with infrastructure upgrades for scalability and international support.
**PayFlex** Expanded to Ireland and two UK broadcasters, with plans for broader rollout.
**CompsPortal** First customer launch in December 2025, with encouraging user engagement.
**RichMessaging** Successful RCS messaging pilots with UK broadcasters, leading to expanded trials.
3. **Partnerships**
Extended contract with **ITV** for live broadcast interactivity services, now in its tenth year.
Maintained high client retention (>99% recurring income).
4. **Platform Performance**
Achieved 100% platform uptime throughout the period.
All key service lines (mobile payments, messaging, managed services) grew during the period.
**Outlook**
Continued momentum in core UK and Ireland markets, with encouraging international progress.
Strong pipeline of enterprise opportunities and focus on product innovation (PayFlex, CompsPortal, RichMessaging).
Board remains confident in delivering sustainable gross profit growth and long-term shareholder value, despite UK tax changes affecting certain gaming operators (which represent <6% of gross profit).
**CEO’s Commentary (Rob Weisz)**
Highlighted strong H1 performance driven by product innovation, international expansion, and long-standing partnerships.
Emphasized resilience in the business model, with high recurring income and structural barriers to entry.
Acknowledged the potential impact of AI technologies and Fonix’s proactive integration of AI into its operations.
**Key Financial Metrics**
**Revenue** Grew by 9% to £42.3 million (H1 FY25: £38.8 million).
**Gross Profit Margins** Slightly decreased to 24.9% (H1 FY25: 25.2%) due to revenue mix changes.
**Total Payment Volumes (TPV)** Increased by 6.7% to £160 million (H1 FY25: £150 million).
**Strategic Growth Pillars**
1. **Technological Innovation** Focus on PayFlex, CompsPortal, and RichMessaging to drive revenue growth.
2. **International Expansion** Client-led expansion into Portugal, third, and fourth European markets.
3. **Sustainable Profitability** Commitment to long-term profitability and shareholder value creation.
**Conclusion**
Fonix PLC delivered a robust H1 FY26 performance, underpinned by strong financial results, strategic international expansion, and product innovation. The company remains well-positioned for sustainable growth, with a resilient business model and a clear focus on long-term value creation.
Here is the HTML table code comparing the financials and debt year on year for Fonix PLC:
MetricH1 FY26 (£'000)H1 FY25 (£'000)Change
Gross Profit10,5359,764+7.9%
Adjusted EBITDA8,3007,800+6.4%
Adjusted PBT8,0057,865+1.8%
Underlying Cash9,20011,000-16.4%
Total Payment Volumes (TPV)160,000150,000+6.7%
Revenue42,33438,750+9.2%
Adjusted EPS (pence)6.26.20.0%
Interim DPS (pence)3.12.9+6.9%

Note: Debt information is not explicitly mentioned in the provided text. The table above focuses on key financial metrics and their year-on-year changes.

This table summarizes the key financial metrics for Fonix PLC, comparing H1 FY26 with H1 FY25. The metrics include Gross Profit, Adjusted EBITDA, Adjusted PBT, Underlying Cash, Total Payment Volumes, Revenue, Adjusted EPS, and Interim DPS. The changes are calculated as percentages. Since debt information is not provided in the text, it is not included in the table.
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Final Results

**Summary:** BlackRock World Mining Trust plc (the "Company") released its final results for the year ended 31 December 2025, highlighting a strong performance driven by positive demand trends from AI infrastructure build-out, energy tran…

**Summary**
BlackRock World Mining Trust plc (the "Company") released its final results for the year ended 31 December 2025, highlighting a strong performance driven by positive demand trends from AI infrastructure build-out, energy transition, and precious metals demand. The Company reported a net asset value (NAV) total return of 74.2%, outperforming the reference index and FTSE All-Share Index. The share price total return was 74.1%.
**Key Highlights**
**Performance** The Companys NAV total return was 74.2%, compared to 64.2% for the reference index and 24.0% for the FTSE All-Share Index. The share price total return was 74.1%.
**Dividends** A proposed final dividend of 7.50p per share, making a total of 24.00p per share for the year, representing a 4.3% increase from 2024.
**Portfolio** The Companys portfolio manager effectively managed exposure to commodities, precious metals, and unquoted assets, contributing to the strong performance.
**Gearing** The Company operated with a flexible gearing policy, with a maximum gearing of 13.6% and an average gearing of 8.8% during the year.
**Share Buybacks** The Company repurchased 4,335,000 shares at an average discount of 8.7% to NAV, with further buybacks post-year end.
**Chairmans Statement**
The Chairman, Chip Goodyear, attributed the Companys success to its nimble "virtual mining company" approach, allowing it to adapt to market conditions and capitalize on opportunities. The Companys performance was driven by strong demand for critical minerals, precious metals, and its ability to manage exposure to various commodities.
**Investment Managers Report**
The Investment Manager highlighted the Companys stellar performance, driven by positive demand trends, supply-side disruptions, and the critical minerals agenda. The Companys NAV total return was 74.2%, and the share price total return was 74.1%. Key contributors to performance included positions in Hycroft Mining, Kinross Gold, and the sale of the BHP Brazil Royalty.
**Outlook**
The Company expects commodity markets to remain strong, driven by continued demand for critical minerals and precious metals. However, key risks include geopolitical fluctuations, slow growth in China, and concentration of capital spending related to technology and AI.
**Financials**
**Net Asset Value (NAV):** £1598428000 (2024: £975199000)
**Revenue Profit:** £45867000 (2024: £44127000)
**Total Comprehensive Income:** £688590000 (2024: Loss of £119941000)
**Dividends Paid:** £43260000 (2024: £64037000)
**Conclusion**
BlackRock World Mining Trust plc delivered a strong performance in 2025, driven by its ability to adapt to market conditions and capitalize on opportunities in the mining sector. The Companys focus on critical minerals, precious metals, and its nimble approach contributed to its success. Despite potential risks, the Company is well-positioned to continue delivering strong returns in the future.
Here is a comparison of the financials and debt year on year for BlackRock World Mining Trust plc, presented as an HTML table:
Metric20252024Change
Net Assets (£'000)1,598,428975,199+63.9%
Net Asset Value per Share (pence)856.23510.53+67.7%
Ordinary Share Price (pence)804.00481.00+67.2%
Net Revenue Profit after Taxation (£'000)45,86744,127+3.9%
Total Dividends per Share (pence)24.0023.00+4.3%
Bank Loans (£'000)96,651135,739-28.8%
**Notes:** * The net assets and net asset value per share increased significantly in 2025, driven by strong performance in the mining sector and positive demand trends. * The ordinary share price also increased substantially, reflecting the strong performance of the underlying portfolio. * Net revenue profit after taxation increased slightly, while total dividends per share increased by 4.3%. * Bank loans decreased by 28.8%, indicating a reduction in debt levels. This table provides a concise overview of the key financials and debt metrics for BlackRock World Mining Trust plc, highlighting the significant improvements in 2025 compared to 2024.
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['UBS Group AG-Investment Bank & Global Wealth Management', '5.174240', '0.000000']
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Director/PDMR Shareholding

Netcall plc

Netcall plc (AIMNET), an enterprise software company that unites automation and customer engagement in one AI-powered platform, announces the <mark style="background-color:yellow">purchase</mark> of 5,000 ordinary shares of 5 pence each ("Ordinary Shares") by Nigel Halkes, Non-Executive Director.
GMS logo
Latest RNS 16:01
GMS

Holding(s) in Company

Gulf Marine Services PLC

TR1 Buy
['Bank of America Corporation', '6.969106', '7.005943']
SCP logo
Latest RNS 15:57
SCP

Holding(s) in Company

Schroder UK Mid Cap Fund PLC

TR1 Buy
['Saba Capital Management, L.P.', '8.029340', '7.947841']
IPF logo
Latest RNS 15:10
IPF

Form 8.3

International Personal Finance PLC

TEM logo
Latest RNS 14:48
TEM

Holding(s) in Company

Templeton Emerging Markets Investment Trust TEMIT

TR1 Buy
['City of London Investment Management Company Limited', '18.990000', '19.996000']
GPE logo
Latest RNS 14:45
GPE

Holding(s) in Company

GREAT PORTLAND ESTATES PLC

TR1 Buy
['First Eagle Investment Management, LLC', '5.054403', 0]
CCR logo
Latest RNS 14:31
CCR

Director/PDMR Shareholding

C&C Group plc

C&C has been informed that, on 16 March 2026, the Persons Discharging Managerial Responsibilities (PDMRs) detailed below <mark style="background-color:yellow">purchase</mark>d through the Companys UK administered Share Incentive Plan (SIP) and Irish administered Revenue Approved Profit-Sharing Scheme (APSS), ordinary shares in the Company (Partnership Shares under the SIP and Contributory Shares under the APSS). Under the terms of the SIP/APSS, each eligible employee can choose to purchase Partnership Shares/Contributory Shares from their gross pay as a lump sum or as a monthly contribution, and the share purchases are matched by C&C (Matching Shares).
AA4 logo
Latest RNS 14:01
AA4

Form 8.3

Amedeo Air Four Plus Limited

IPF logo
Latest RNS 13:48
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['JPMorgan Chase & Co.', '1.745135', '1.251055']
CLBS logo
Latest RNS 13:36
CLBS

Holding(s) in Company

Celebrus Technologies plc

TR1 Buy
['Herald Investment Management Limited', '4.880000', 0]
FRP logo
Latest RNS 12:50
FRP

Holding(s) in Company

Frp Advisory Group Plc

TR1 Buy
['Raymond James Wealth Management Limited', '4.990000', '5.020000']
ICGT logo
Latest RNS 12:35
ICGT

Director/PDMR Shareholding

ICG Enterprise Trust PLC

b) Nature of the transaction <mark style="background-color:yellow">Purchase</mark> of ordinary shares
IPF logo
Latest RNS 12:28
IPF

Form 8.3

International Personal Finance PLC

CLBS logo
Latest RNS 12:26
CLBS

Holding(s) in Company

Celebrus Technologies plc

TR1 Buy
['Rathbones Investment Management Ltd', '9.860600', '10.952600']
IPF logo
Latest RNS 11:16
IPF

Form 8.3

International Personal Finance PLC

BIPS logo
Latest RNS 10:26
BIPS

Director/PDMR Shareholding

Invesco Bond Income Plus Limited

<mark style="background-coloryellow">Purchase</mark> of Shares (via Dividend Re-investment Plan)
IMB logo
Latest RNS 10:16
IMB

Holding(s) in Company

Imperial Brands PLC

TR1 Buy
['Spring Mountain Investments Ltd', '4.797790', '5.857089']
SSPG logo
Latest RNS 10:02
SSPG

Director/PDMR Shareholding

SSP Group PLC

<mark style="background-coloryellow">Purchase</mark> of Partnership Shares and the right to Matching Shares under the Matching Award element of the ISIP.
BWY logo
Latest RNS 09:53
BWY

Holding(s) in Company

Bellway PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Asset Management Holdings Inc.', '4.759662', 'Below minimum threshold']
FDR logo
Latest RNS 09:53
FDR

Holding(s) in Company

First Development Resources Plc

TR1 Buy
['First Equity Limited', '5.388211', '4.885311']
CTA logo
Latest RNS 09:29
CTA

Holding(s) in Company

CT Automotive Group PLC

TR1 Buy
['Premier Miton Group plc', '3.823744', '9.282517']
BRK logo
Latest RNS 09:26
BRK

Holding(s) in Company

Brooks Macdonald Group

TR1 Buy
['Liontrust Investment Partners LLP', '13.953000', '14.791000']
HGEN logo
Latest RNS 09:05
HGEN

Holding(s) in Company

Hydrogenone Capital Growth PLC

TR1 Buy
['First Equity Limited', '0.000000', '3.726130']
KCR logo
Latest RNS 09:04
KCR

Interim Results

KCR Residential Reit PLC

**Summary of KCR Residential REIT PLC Interim Results for H1 2026**
**Overview**
KCR Residential REIT PLC, a UK-based residential REIT, reported unaudited consolidated results for the six months ending 31 December 2025. The period saw continued growth in core rental income, driven by improved performance at Deanery Court and incremental rental increases across the portfolio. Despite challenging operating conditions, including higher interest rates and inflationary pressures, the company made progress in optimizing asset performance and controlling costs.
**Key Highlights**
1. **Revenue Growth**
Revenue increased by 15% to £1,092k (H1 2024: £950k), primarily due to improved performance at Deanery Court and rental increases across the portfolio.
Deanery Court achieved an average occupancy of 86% (H1 2024: 66%), while the rest of the portfolio maintained strong occupancy (>97%).
2. **Operational Performance**
Positive operating cash flow rose to £218k (H1 2024: £32k), the strongest outcome to date, reflecting the success of the business plan over the past five years.
Net cash used in operating activities reduced by 31% to £180k (H1 2024: £261k), despite higher finance costs.
3. **Cost Management**
Inflationary pressures made cost reductions challenging, but costs were tightly controlled.
Cost-saving measures implemented during the period are expected to reduce administrative expenses and cost of sales in H2 2026.
4. **Strategic Focus**
The company remains focused on optimizing existing assets, upgrading portfolio quality, exploring development opportunities, and controlling costs.
Lease expiries and tenant churn are actively managed to maximize rental income.
5. **Financial Performance**
Gross profit increased by 16% to £841k (H1 2024: £723k), with a gross margin of 77% (H1 2024: 76.10%).
Operating profit before separately disclosed items was £76k (H1 2024: £798k), with the prior year benefiting from non-cash revaluation gains.
Loss for the period was £377k (H1 2024£433k profit), primarily due to higher finance costs.
6. **Portfolio Updates**
Refurbishment works at Heathside were completed, with two flats now being let.
The transition of Coleherne Road to a minimum six-month tenancy period was successfully completed, expected to stabilize income and reduce operating costs.
Planning submissions for Ladbroke Grove properties are pending, with a strategy to be formalized upon outcome.
7. **Cash Position**
Cash balances at period-end were £0.43m (H1 2024: £0.47m), with ongoing efforts to achieve a cash-neutral position.
**Challenges and Outlook**
Higher finance costs and inflationary pressures continue to challenge the company’s cash neutrality goal.
Tightness in debt markets and higher debt costs limit acquisition opportunities.
The company expects further improvements in operational performance and cost control over the next 12 months.
**Conclusion**
KCR Residential REIT PLC demonstrated resilience in H1 2026, achieving revenue growth and operational improvements despite a challenging environment. The company remains committed to its strategic objectives, focusing on asset optimization and cost management to drive long-term value for shareholders.
Here’s an HTML table comparing the financials and debt year on year for KCR Residential REIT PLC based on the provided text:
MetricSix Months Ended 31 December 2025Six Months Ended 31 December 2024Year Ended 30 June 2025 (Audited)
Revenue£1,092,414£950,103£1,885,144
Gross Profit£841,184£722,850£1,466,098
Operating Profit Before Separately Disclosed Items£75,618£797,519£1,266,836
Operating Profit£12,024£713,529£990,013
(Loss)/Profit Before Taxation(£377,278)£432,596£327,641
(Loss)/Profit for the Period(£377,278)£432,596£327,641
Basic (Loss)/Profit per Share (pence)(0.91)1.040.79
Total Assets£27,500,041£27,136,724£27,310,839
Secured Bank Borrowings£14,561,215£13,904,324£14,135,965
Cash and Cash Equivalents£427,498£472,652£174,312
Net Asset Value per Share (pence)29.4530.6130.36
Net Cash Used in Operating Activities(£179,751)(£261,192)(£800,119)
### Key Observations: 1. **Revenue Growth**: Revenue increased by 15% year-on-year to £1,092,414 in the six months ended 31 December 2025, driven by improved performance at Deanery Court and rental increases across the portfolio. 2. **Profitability**: The company reported a loss of £377,278 in the six months ended 31 December 2025, compared to a profit of £432,596 in the same period in 2024, primarily due to higher finance costs and inflationary pressures. 3. **Debt Levels**: Secured bank borrowings increased to £14,561,215 in the six months ended 31 December 2025 from £13,904,324 in the same period in 2024. 4. **Cash Position**: Cash and cash equivalents decreased slightly to £427,498 in the six months ended 31 December 2025 from £472,652 in the same period in 2024. 5. **Net Asset Value**: Net asset value per share decreased to 29.45 pence in the six months ended 31 December 2025 from 30.61 pence in the same period in 2024. This table provides a clear comparison of key financial metrics and debt levels year on year.
OXIG logo
Latest RNS 09:01
OXIG

Holding(s) in Company

Oxford Instruments PLC

TR1 Buy
['Artemis Investment Management LLP', '14.37031', '14.33528']
RWA logo
Latest RNS 09:01
RWA

Holding(s) in Company

Robert Walters

TR1 Buy
['Liontrust Investment Partners LLP', '14.999000', '15.998400']
IPF logo
Latest RNS 08:50
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['JPMorgan Chase & Co.', '1.251055', '1.811638']
BOKU logo
Latest RNS 08:20
BOKU

Share Buyback Programme

Boku Inc

**Summary**
Boku, Inc. (AIMBOKU), a global network of Local Payment Methods (LPMs), announced on March 17, 2026, the launch of a share buyback programme. The companys board approved the repurchase of up to 4,000,000 common shares (approximately 5% of its issued common stock) to be held in Treasury. This decision is driven by the belief that the current share price undervalues the company, and the buyback represents a strategic use of its growing cash reserves while supporting long-term growth plans. The programme aims to minimize future shareholder dilution by using repurchased shares for warrant obligations or staff equity remuneration.
Investec Bank plc will execute the buyback, adhering to pre-set parameters, including price limits based on market averages and independent trades. The programme will run from March 17, 2026, to September 30, 2026, or until the maximum number of shares is purchased. Due to limited trading liquidity, the buyback may represent a significant portion of daily trading volume, exempting the company from certain UK Market Abuse Regulation provisions.
Boku, founded in 2008 and headquartered in London, provides merchants with access to over 7 billion consumer payment accounts worldwide through its network of payment methods. The company serves major technology, media, and entertainment firms, offering services like Direct Carrier Billing, Digital Wallets, and cross-border funds settlement.
BuyBack
OCDO logo
Latest RNS 07:49
OCDO

Director/PDMR Shareholding

Ocado Group PLC

<mark style="background-coloryellow">Purchase</mark> of 1,789,302 shares by Apple III Limited (which is owned by Apple III Trust, of which Jörn Rausing is a beneficiary)
MEX logo
Latest RNS 06:31
MEX

Tortilla-New Multi‑Aggregator Delivery Partnership

Tortilla Mexican Grill PLC

**Summary**
Tortilla Mexican Grill PLC, Europes largest fast-casual Mexican restaurant group, announced a new multi-aggregator delivery partnership with Deliveroo, Uber Eats, and Just Eat across its UK estate. This arrangement aims to broaden customer reach, improve service availability, and optimize delivery performance by operating across multiple platforms simultaneously, reducing reliance on any single delivery partner. The renewed partnership with Deliveroo leverages their established relationship, providing access to Deliveroos customer base, technology, and marketing capabilities. The Board expects this strategy to positively impact Group revenue in the current financial year, supporting Tortillas broader goals of balancing customer convenience, margin discipline, and operational control. The agreement aligns with Tortillas flexible, multi-platform delivery model, designed to maximize incremental demand while maintaining commercial and operational discipline. CEO Brandon Stephens emphasized the importance of delivery as a complementary channel, highlighting the partnerships role in enhancing customer convenience and long-term business economics. Deliveroos Chief Revenue Officer, Rob Harris, expressed excitement about the collaboration, focusing on reaching new customers and building loyalty through innovative initiatives. Tortilla, founded in 2007, operates 109 sites globally, with a strong emphasis on sustainability and quality, and is listed on the London Stock Exchange (LSE: MEX).
Partner
SAG logo
Latest RNS 06:02
SAG

Audited Results for Year Ended 31 December 2025

Science Group plc

**Summary of Science Group PLCs Audited Results for the Year Ended 31 December 2025**
Science Group PLC, an international services and systems company, reported strong financial performance for the year ended 31 December 2025, despite volatile market conditions. Key highlights include
1. **Financial Performance**
**Revenue**£111.7 million, slightly up from £110.7 million in 2024.
**Adjusted Operating Profit**Record £23.1 million (2024: £21.5 million).
**Adjusted Basic Earnings Per Share (EPS)**: Record 40.2 pence (2024: 36.2 pence).
**Statutory Profit Before Tax**Record £41.5 million (2024: £14.7 million), boosted by a £24.1 million pre-tax gain from corporate investment.
**Statutory Basic EPS**Record 75.1 pence (2024: 26.5 pence).
2. **Corporate Activity**
A pre-tax gain of £24.1 million from the successful investment in Ricardo plc, realized through a third-party acquisition offer.
3. **Balance Sheet and Cash Flow**
**Cash**Increased to £72.6 million (2024: £38.6 million).
**Net Funds**£61.2 million (2024: £26.8 million).
**Cash Generated from Operations**£31.8 million (2024: £21.8 million).
4. **Shareholder Returns**
**Dividend**Recommended 25% increase to 10.0 pence per share (2024: 8.0 pence).
**Share Buy-Back**Increased to £10.7 million (2024: £5.0 million), with plans to continue at a similar level in 2026.
5. **Operational Highlights**
**Sagentia Services Division**Revenue of £71.5 million (2024: £72.2 million), with adjusted operating profit of £18.8 million (2024: £17.9 million) and margin improvement to 26.3%.
**Systems Businesses**Revenue of £39.6 million (2024: £37.8 million) and adjusted operating profit of £6.6 million (2024: £5.8 million).
**CMS2**Revenue of £26.4 million (2024: £25.9 million) with adjusted operating profit of £5.5 million (2024: £5.7 million).
**Frontier**Revenue of £13.2 million (2024: £12.0 million) with adjusted operating profit of £1.1 million (2024: £0.1 million).
6. **Strategic Focus**
Continued emphasis on marginprofitabilityand cash conversion.
Integration of AI tools to enhance service propositions, particularly in Physical-AI and advisory services.
7. **Outlook**
Pragmatic and conservative outlook due to geopolitical uncertainties, with a focus on resilience and value creation.
Strong balance sheet and cash resources position the Group for growth and shareholder returns.
Science Group PLC demonstrated resilience and strategic agility in 2025, achieving record financial results while navigating challenging market conditions. The Group remains well-positioned for future growth and continued shareholder value creation.
Here’s an HTML table comparing the key financials and debt year-on-year for Science Group PLC based on the provided text:
Metric2024 (£ million)2025 (£ million)Change
Revenue110.7111.7+0.9% (₤1.0 million)
Adjusted Operating Profit21.523.1+7.4% (₤1.6 million)
Profit Before Tax14.741.5+182.3% (₤26.8 million)
Cash Generated from Operations21.831.8+45.9% (₤10.0 million)
Cash Balance38.672.6+88.1% (₤34.0 million)
Net Funds26.861.2+128.4% (₤34.4 million)
Borrowings (Term Loans)11.811.4-3.4% (₤0.4 million)
Revolving Credit Facility (Undrawn)00No Change
Dividend per Share (pence)8.010.0+25.0% (+2.0 pence)
Share Buy-Back (£ million)5.010.7+114.0% (₤5.7 million)
### Key Highlights: 1. **Revenue**: Marginal increase of 0.9% from £110.7 million in 2024 to £111.7 million in 2025. 2. **Adjusted Operating Profit**: Increased by 7.4% from £21.5 million to £23.1 million. 3. **Profit Before Tax**: Significant increase of 182.3% from £14.7 million to £41.5 million, primarily due to a £24.1 million gain from corporate investment. 4. **Cash and Net Funds**: Substantial increases in cash balance (+88.1%) and net funds (+128.4%), driven by strong operating cash flow and the corporate investment gain. 5. **Debt**: Term loans decreased slightly by 3.4%, while the Revolving Credit Facility remained undrawn. 6. **Shareholder Returns**: Dividend per share increased by 25% to 10.0 pence, and the share buy-back program more than doubled to £10.7 million. This table provides a clear comparison of the key financial metrics and debt position year-on-year.
PEBB logo
Latest RNS 06:01
PEBB

Launch of Share Buyback Programme

The Pebble Group PLC

**Summary**
The Pebble Group PLC, a leading provider of digital commerce and related services to the global promotional products industry, announced the launch of a share buyback programme on March 17, 2026. The programme, authorized by the Board, aims to repurchase up to £5.0 million worth of ordinary shares or a maximum of 16,112,332 shares, whichever limit is reached first. This initiative reflects the Boards confidence in the companys future value and its commitment to enhancing shareholder returns while maintaining focus on strategic investments.
The buyback will be executed by Panmure Liberum Limited, acting as a "riskless" principal, with purchases made on the London Stock Exchange within pre-set parameters. The maximum price per share will not exceed 105% of the average middle market quotation over the preceding five business days, with a minimum price of £0.01. Purchased shares will be cancelled.
The programme may account for a significant portion of daily trading volume due to limited liquidity in the shares, potentially exceeding 25% of average daily traded volume. It will terminate upon reaching the maximum amount, the conclusion of the 2026 AGM (if authority is not renewed), or by December 31, 2026, whichever occurs first. All purchases will be announced by 7:30 am (UK time) on the following business day. The company confirmed it has no inside information at the time of the announcement.
Launch
TRST logo
Latest RNS 06:01
TRST

Share Buyback Programme

Trustpilot Group PLC

**Summary**
Trustpilot Group plc announced a new share buyback programme valued at up to £22.5 million (approximately US$30 million), scheduled to commence immediately after the completion of its 2025 buyback programme. The initiative aligns with the company’s commitment to maintaining an efficient balance sheet and returning excess capital to shareholders. Deutsche Bank AG, London Branch (trading as Deutsche Numis), will manage the purchases on a non-discretionary basis, adhering to pre-set parameters and regulatory requirements. The shares will be purchased on the London Stock Exchange and other trading venues, with the sole purpose of reducing Trustpilot’s share capital through cancellation of the repurchased shares. The programme will operate within the authority granted by shareholders at the 2025 Annual General Meeting and, if approved, the 2026 Annual General Meeting, and will comply with EU and UK financial regulations. The buyback is expected to terminate by 31 December 2026 or upon reaching the maximum purchase limits. Trustpilot will disclose any share repurchases within seven trading days of occurrence. The company, founded in 2007, continues to grow its global presence with over 361 million reviews and 1,000 employees across multiple international offices.
BuyBack
IEM logo
Latest RNS 06:01
IEM

Publication of Exit Tender Offer Circular

Impax Environmental Markets PLC

**Summary**
Impax Environmental Markets PLC (IEM) has published an Exit Tender Offer Circular, offering eligible shareholders the option to sell up to 100% of their ordinary shares at a tender price based on the final asset value. This decision follows the failure of the Continuation Tender Offer, which was launched in January 2026, due to Saba – the largest shareholder with 22.1% holding – not tendering its shares. The Board, after extensive engagement with shareholders, concluded that the Exit Tender Offer is the best solution to protect non-Saba shareholders from potential control by Saba, which does not align with IEMs environmental objectives.
**Key Points**
1. **Exit Tender Offer** Shareholders can sell their shares for cash, with the tender price based on the final asset value of the tender pool.
2. **Reason for Offer** Sabas refusal to tender shares in the Continuation Tender Offer led to its cancellation, prompting the Board to propose the Exit Tender Offer.
3. **Shareholder Approval** The offer requires approval from over 50% of voting shareholders at the General Meeting on April 16, 2026.
4. **Director Support** All directors intend to vote in favor of the offer and tender their shares, emphasizing their belief in its fairness.
5. **Timeline** The offer opens on March 17, 2026, with a closing date of April 17, 2026. Payments are expected by the end of May 2026.
6. **Risks** Shareholders remaining post-offer may face a Saba-controlled company, with potential changes to strategy and objectives.
7. **Regulatory Notes** The offer is not available in certain jurisdictions (e.g., Canada, Japan, South Africa) and has specific conditions for U.S. and New Zealand shareholders.
**Conclusion**
The Exit Tender Offer aims to provide shareholders with an exit option at close to net asset value, addressing concerns over Sabas influence. Shareholders are urged to review the Circular and participate in the General Meeting to vote on the proposal. The outcome will significantly impact IEMs future structure and shareholder base.
Offers
CRTX logo
Latest RNS 06:01
CRTX

Awarding of Orphan Drug Designation by the FDA

CRISM Therapeutics Corporation

**Summary**
CRISM Therapeutics Corporation announced on March 17, 2026, that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation (ODD) to irinotecan for the treatment of malignant glioma, including all high-grade (Grade III and IV) gliomas. This designation is a significant regulatory and commercial milestone, providing incentives such as seven years of U.S. market exclusivity, tax credits for clinical trials, and exemption from FDA application fees. The ODD complements CRISM’s previously granted Innovation Passport for its ChemoSeed™ platform by the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) under the Innovative Licensing and Access Pathway (ILAP). These designations strengthen the development and commercial potential of the irinotecan-ChemoSeed program, positioning it for streamlined global regulatory development, including potential participation in international collaborative review programs like Project Orbis. CRISM’s Chief Scientific Officer, Professor Chris McConville, highlighted the strategic importance of these achievements in advancing the company’s oncology assets to address unmet medical needs. The company remains focused on its registration-grade Phase 2 clinical trial of Irinotecan ChemoSeed for surgically resectable glioblastoma.
FDA
LIT logo
Latest RNS 06:01
LIT

Judgment Delivered in Commercial Litigation Claim

Litigation Capital Management Limited

**Summary**
Litigation Capital Management Limited (LCM), an alternative asset manager specializing in dispute financing, announced on March 17, 2026, that an Australian Court has delivered a judgment in a commercial litigation claim it funded. The court ruled against LCMs funded party in a case where LCM had invested A$1.4 million in shareholder capital. The company had previously anticipated this judgment on March 11, 2026. LCM has an After-the-Event (ATE) insurance policy in place to mitigate adverse costs risks. The company is currently reviewing the judgment and evaluating next steps with the funded party and legal representatives. The announcement contains inside information disclosed in compliance with the Market Abuse Regulation.
Litigation
PHP logo
Latest RNS 06:01
PHP

Preliminary Results

Primary Health Properties

**Summary**
Primary Health Properties PLC (PHP) announced its preliminary results for the year ended December 31, 2025, highlighting a transformative year marked by the successful combination with Assura plc, creating a £6 billion healthcare REIT focused on critical social infrastructure assets across the UK and Ireland. The merger received overwhelming shareholder support and is expected to deliver financial and strategic benefits, including £9 million in annualized synergies. PHP achieved over 80% of these synergies ahead of schedule and received offers for a new strategic joint venture on its private hospital portfolio. The company also agreed to inject a £103 million portfolio into an existing joint venture to reduce leverage.
Financial highlights include a 49% increase in net rental income to £230 million, a 41% rise in adjusted earnings to £131 million, and a 3% dividend increase to 7.1 pence per share. The property portfolio valuation grew by 115% to £6.0 billion, with a net initial yield of 5.4%. PHP maintained its 30-year track record of dividend growth, with a 3% increase in the dividend per share.
The company’s strategic focus includes reducing leverage, integrating Assura, and leveraging the NHSs 10-year Health Plan, which emphasizes modern primary care facilities. PHP is well-positioned to support this transition, given its long-standing NHS partnerships. The rental growth outlook remains positive, with a 3.2% increase in 2025 and a 3.4% annualized growth rate in early 2026.
PHP’s balance sheet remains robust, with significant liquidity headroom and a clear plan to reduce its loan-to-value ratio to the targeted 40-50% range. The company is committed to its progressive dividend policy, fully covered by adjusted earnings, and aims to maintain its position as a leading investor in healthcare infrastructure.
Here is the HTML table code comparing the financials and debt year on year:
Metric20252024Change
Net rental income (£m)£230£154+49%
Adjusted earnings (£m)£131£93+41%
Adjusted earnings per share (pence)7.37.0+4%
IFRS profit after tax (£m)£119£41+190%
IFRS earnings per share (pence)6.63.1+113%
Dividend per share (pence)7.16.9+3%
Investment portfolio valuation (£bn)£6.0£2.8+115%
Contracted rent roll (£m)£342£154+122%
Loan to value ratio57%48%+9%
Average cost of debt3.7%3.4%+30 bps
Weighted average debt maturity (years)4.15.7-1.6
This table compares key financials and debt metrics for Primary Health Properties PLC between 2024 and 2025, showing significant growth in net rental income, adjusted earnings, and portfolio valuation, as well as changes in debt metrics.
PLSR logo
Latest RNS 06:01
PLSR

Pulsar Appoints Ranzini to Board & PDMR Dealings

Pulsar Helium Inc.

Mr. Ranzini, together with his wife and children, holds a direct interest in 260,097 Common Shares. Mr. Ranzini also has indirect interests in Pulsar through University Bancorp Inc., and Jove Corporation. Mr. Ranzini has a beneficial interest of 18.18% (with voting control over 35.16%) in University Bancorp Inc., which will be interested in 9,035,435 Common Shares, representing 4.99% of Pulsars share capital on completion of the share <mark style="background-color:yellow">purchase</mark> detailed in this announcement. Mr. Ranzini holds a 43% interest in Jove Corporation, which is interested in 230,300 Common Shares, representing 0.13% of Pulsars share capital. Additionally, Mr. Ranzini has investment authority, but no beneficial ownership or voting rights control, over 1,648,000 Common Shares, representing 0.91% of Pulsars share capital, held by Rory Ballard.
ZTF logo
Latest RNS 06:01
ZTF

Preliminary Results

Zotefoams PLC

**Summary of Zotefoams PLC Preliminary Results for the Year Ended 31 December 2025**
Zotefoams PLC, a global leader in high-performance foams, reported strong preliminary results for FY2025, marked by record profitability and continued growth. Key financial highlights include
**Revenue Growth**Revenue increased by 7.2% to £158.5 million, driven by strong performance across key markets, particularly in Consumer & Lifestyle and Transport & Smart Technologies.
**Profitability**Adjusted operating profit rose by 26% to £22.8 million, with adjusted profit before tax up 39% to £21.2 million. Adjusted Basic EPS increased by 46% to 38.0p.
**Cash Generation**Cash generated from operations increased by 31% to £39.7 million, supporting strategic investments and a strong balance sheet.
**Dividend**A 5% increase in the final dividend to 5.35p per share was proposed, reflecting confidence in future prospects.
Strategically, Zotefoams made significant progress in its **Expanding Beyond the Core** strategy, including
**Acquisition of OKC**Completed the acquisition of Overseas Konstellation Company S.A. (OKC), enhancing European market presence and product capabilities.
**Geographic Expansion**Advanced construction of a new manufacturing facility in Vietnam and established an Innovation Centre in Korea.
**Innovation Focus**Sharpened innovation efforts, aligning R&D with market verticals and customer needs.
Operationally, the company focused on execution, efficiency, and margin improvement, with a balanced growth approach across markets. The integration of OKC is progressing well, contributing to revenue growth and strategic optionality.
Looking ahead, Zotefoams aims to achieve **organic growth of 7% CAGR** by FY2029, targeting revenue of over £230 million and operating profit of over £40 million. Longer-term ambitions include revenues exceeding £300 million and operating profit over £60 million, supported by both organic and inorganic growth strategies.
Despite macroeconomic and geopolitical uncertainties, Zotefoams remains confident in its ability to navigate challenges, supported by a clear strategy, strengthened leadership, and a robust financial position. The company is well-positioned to deliver sustainable growth and long-term value for stakeholders.
Here is the HTML table code comparing the financials and debt year on year for Zotefoams PLC:
Metric2025 (£m)2024 (£m)Change
Revenue158.5147.87.2%
Gross Profit52.946.114.8%
Adjusted Operating Profit22.818.126.0%
Adjusted Operating Margin14.4%12.2%220bps
Adjusted Profit before Tax21.215.339%
Cash generated from operations39.730.431%
Net debt (Covenant Basis)31.524.131%
Net debt (IFRS)43.033.030%
Leverage ratio0.80.9(11%)
**Key Observations:** * **Revenue and Profit Growth:** Zotefoams PLC experienced significant growth in revenue (7.2%) and adjusted profit before tax (39%) in 2025 compared to 2024. * **Improved Cash Flow:** Cash generated from operations increased by 31%, indicating stronger liquidity. * **Increased Debt:** Net debt increased on both covenant and IFRS bases, likely due to financing acquisitions and investments. * **Improved Leverage:** Despite higher debt, the leverage ratio improved, suggesting better debt management.
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Latest RNS 06:01
TPK

Travis Perkins plc - 2025 Results Announcement

Travis Perkins PLC

Travis Perkins PLC, the UKs largest distributor of building materials, announced its preliminary results for the year 2025, highlighting a focus on stabilization and financial resilience amidst a challenging market backdrop. Here’s a summary of the key points
### **Financial Performance**
**Revenue**£4,565 million, down 0.9% from 2024, primarily due to subdued activity in the Merchanting segment.
**Adjusted Operating Profit**£133 million, a 12.5% decline from 2024, reflecting lower margins in Merchanting.
**Operating Loss**£97 million, compared to a £2 million profit in 2024, due to adjusting items of £222 million related to impairments, divestments, and restructuring.
**Net Cash Before Leases**£1 million, driven by working capital inflows, divestment proceeds, and disciplined capital expenditure.
### **Business Highlights**
**Merchanting**Like-for-like revenue growth of 0.3%, with improvements in H2 offsetting operational challenges in H1. Adjusted operating profit declined by 18.1% to £122 million.
**Toolstation UK**Strong performance with adjusted operating profit up 29% to £44 million, driven by store maturity and digital enhancements.
**Toolstation Benelux**Continued losses of £11 million, with management reviewing strategy and implementing cost-saving measures.
### **Strategic Initiatives**
**Restructuring**Proactive management of overheads, including significant restructuring of central and regional roles.
**Divestments**Sold Staircraft for £21 million as part of simplifying the operating model.
**Leadership**Gavin Slark appointed as CEO in January 2026, bringing extensive industry experience.
### **Balance Sheet and Liquidity**
**Net Debt Reduction**Net debt before leases reduced by £192 million, achieving a net cash position for the first time in nearly 30 years.
**Liquidity**Over £800 million in liquidity headroom through cash holdings (£427 million) and undrawn facilities (£390 million).
**Refinancing**£250 million bond refinanced with investment-grade US private placement notes, with no significant refinancing needs until 2028.
### **Dividend**
**Final Dividend**7.5 pence per share recommended, giving a full-year dividend of 12.0 pence per share, in line with the 30-40% adjusted earnings payout policy.
### **Outlook**
**Market Conditions**Trading environment remains subdued, reflecting weak UK construction activity.
**Focus Areas**Improving customer proposition, leveraging financial strength, and delivering operational efficiencies.
**Technical Guidance**Expected ETR of 30% on UK profits, base capex of £80 million, and property profits of £5 million for 2026.
### **CEO Commentary**
Gavin Slark emphasized the Group’s focus on rebuilding capabilities, enhancing performance, and restoring shareholder value. He highlighted the strength of the balance sheet and the commitment to disciplined capital allocation in navigating challenging market conditions.
### **Principal Risks and Uncertainties**
The Group updated its risk framework to include standalone risks for **People & Skills** and **Business Operating Model & Driving Competitive Advantage**, reflecting the evolving business environment.
### **Conclusion**
Travis Perkins PLC’s 2025 results reflect a year of stabilization and financial resilience, with a focus on operational improvements and strategic restructuring. Despite challenges in the construction sector, the Group is positioned to leverage its strong balance sheet and leadership changes to drive future growth and shareholder value.
Here is the comparison of financials and debt year on year for Travis Perkins PLC, presented as an HTML table:
Metric20252024Change
Revenue (£m)4,5654,607(0.9%)
Adjusted Operating Profit (£m)133152(12.5%)
Adjusted Earnings per Share (pence)30.836.6(15.8%)
Return on Capital Employed (%)5.35.4(0.1)ppt
Net Debt / Adjusted EBITDA (x)2.12.50.4x
Ordinary Dividend per Share (pence)12.014.5(17.2%)
Operating (Loss) / Profit (£m)(97)2N/A
Loss After Tax (£m)(176)(77)(128.6%)
Basic Earnings per Share (pence)(83.3)(36.6)(127.6%)
Net Debt (£m)621845(224)
Net Debt Before Leases (£m)(1)191(192)
**Key Observations:** 1. **Revenue Decline**: Revenue decreased by 0.9% from £4,607m in 2024 to £4,565m in 2025, primarily due to subdued activity in the Merchanting segment. 2. **Adjusted Operating Profit Reduction**: Adjusted operating profit fell by 12.5% from £152m to £133m, reflecting lower margins in Merchanting and increased cost pressures. 3. **Earnings per Share Decrease**: Adjusted earnings per share dropped by 15.8% from 36.6p to 30.8p, while basic earnings per share saw a significant decline due to the operating loss. 4. **Debt Reduction**: Net debt decreased by £224m from £845m to £621m, with net debt before leases turning negative, indicating a stronger balance sheet. 5. **Dividend Cut**: The ordinary dividend per share was reduced by 17.2% from 14.5p to 12.0p, reflecting the challenging financial performance. 6. **Operating Loss**: The company reported an operating loss of £97m in 2025 compared to a profit of £2m in 2024, driven by adjusting items and trading performance. This table provides a concise comparison of key financial and debt metrics for Travis Perkins PLC between 2024 and 2025.
MAB1 logo
Latest RNS 06:01
MAB1

Final Results

Mortgage Advice

**Summary of Mortgage Advice Bureau (Holdings) PLC Final Results for the Year Ended 31 December 2025**
**Financial Performance Highlights**
**Revenue Growth** Revenue increased by 19.6% to £318.8 million in 2025, up from £266.5 million in 2024, driven by strong performance across all income streams.
**Adjusted Diluted EPS** Adjusted diluted earnings per share (EPS) rose by 13.5% to 44.5p, compared to 39.2p in 2024.
**Market Share Stability** Market share of new mortgage lending remained stable at 8.4%, while the market share of Product Transfers increased to 3.0% from 2.7% in 2024.
**Adviser Network Growth** The number of mainstream advisers increased by 10% to 2,135, with 65% of this growth coming from organic expansion within the existing network.
**Revenue per Adviser** Revenue per mainstream adviser grew by 13% to £157,000, reflecting improved productivity and efficiency.
**Net Debt Reduction** Net debt decreased to £3.3 million from £9.7 million in 2024, with leverage reducing to 0.1x from 0.3x.
**Operational and Strategic Achievements**
**Technology and AI Integration** The company is leveraging data, digital tools, and AI to deepen relationships with introducers, lenders, and consumers, enhancing lead flow and customer retention.
**Proprietary Platform** The proprietary platform connects customer data, adviser workflows, and automation, reducing administrative burdens and allowing advisers to focus on customer service.
**Strategic Partnerships and M&A** MAB is building new strategic partnerships and pursuing selective M&A to expand its role in the home-moving process and broaden its proposition.
**Sustainability Progress** The company made strides in sustainability, including the installation of a solar PV system and the development of a decarbonisation strategy aligned with the Science Based Targets initiative (SBTi).
**Market Trends and Outlook**
**Mortgage Lending Stability** UK mortgage lending increased by 19% to £548 billion in 2025, with refinancing lending accelerating in the second half due to maturing fixed-rate mortgages.
**Purchase Lending Growth** Purchase lending grew by 21% to £189 billion, supported by strong lender appetite and a resilient underlying demand.
**Refinancing Opportunities** The company expects refinancing volumes to continue building in 2026, supported by higher fixed-rate maturities and a shift in product preferences.
**Protection Market Focus** MAB is increasing its focus on protection advice, aiming to address the UKs protection gap and provide recurring revenue streams.
**Leadership and Governance**
**Main Market Listing** The Board intends to move to the ESCC listing category of the Main Market of the London Stock Exchange in Q2 2026, subject to FCA approval.
**Dividend Policy** The company maintained its dividend policy, proposing a final dividend of 15.3p per share, a 3.4% increase from the previous year.
**Conclusion**
Mortgage Advice Bureau (Holdings) PLC delivered a strong performance in 2025, with significant growth in revenue, EPS, and adviser productivity. The company continues to enhance its technology-driven platform, expand its market reach, and pursue strategic initiatives to drive sustainable growth. Despite macroeconomic uncertainties, MAB remains well-positioned to capitalize on refinancing opportunities and protection market potential, supported by its integrated platform and data-driven approach.
Here is the HTML table code comparing the financials and debt year on year for Mortgage Advice Bureau (Holdings) PLC:
Metric20252024Change
Revenue£318.8m£266.5m+19.6%
Gross Profit£91.9m£77.0m+19.5%
Admin Expenses£56.2m£45.6m+23.3%
Adjusted PBT£36.3m£32.0m+13.3%
Statutory PBT£22.1m£22.9m-3.4%
Adjusted Diluted EPS44.5p39.2p+13.5%
Net Debt(£3.3m)(£9.7m)+£6.4m
Leverage0.1x0.3x-0.2x
**Key Observations:** - Revenue increased by 19.6% from £266.5m in 2024 to £318.8m in 2025. - Gross profit increased by 19.5% from £77.0m in 2024 to £91.9m in 2025. - Admin expenses increased by 23.3% from £45.6m in 2024 to £56.2m in 2025. - Adjusted PBT increased by 13.3% from £32.0m in 2024 to £36.3m in 2025. - Statutory PBT decreased by 3.4% from £22.9m in 2024 to £22.1m in 2025. - Adjusted diluted EPS increased by 13.5% from 39.2p in 2024 to 44.5p in 2025. - Net debt decreased by £6.4m from -£9.7m in 2024 to -£3.3m in 2025. - Leverage decreased from 0.3x in 2024 to 0.1x in 2025. This table provides a concise comparison of key financial metrics and debt levels for Mortgage Advice Bureau (Holdings) PLC between 2024 and 2025.
FNTL logo
Latest RNS 06:01
FNTL

Full Year Results

Fintel PLC

**Summary of Fintel PLCs Full Year Results for 2025**
Fintel PLC, a leading provider of fintech and support services to the UK retail financial services sector, reported strong financial performance and strategic progress for the year ended 31 December 2025. Key highlights include
### **Financial Performance**
**Revenue Growth**Revenue increased by 10% to £85.9 million (FY24: £78.3 million), supported by £7.0 million in inorganic growth from acquisitions.
**SaaS & Subscription Revenue**Grew by 9.6% to £48.7 million, representing 57% of total revenues, highlighting the strength of recurring revenue streams.
**Adjusted EBITDA**Increased by 16.6% to £25.9 million, driven by successful acquisitions and new proposition launches.
**EBITDA Margin**Improved to 30.1% (FY24: 28.3%), with acquired businesses contributing more as integration progressed.
**Adjusted EPS**Rose to 13.7 pence per share (FY24: 13.2 pence per share).
**Net Debt**Increased to £31.1 million (FY24: £25.3 million) due to strategic investments, with a comfortable leverage ratio of 1.2x.
**Dividend**Proposed final dividend of 2.5 pence per share, resulting in a full-year dividend of 3.8 pence per share, a 4.1% increase.
### **Strategic and Operational Highlights**
**Organisational Transformation**Consolidated from three divisions into two (Fintel Services and Fintel Software & Data) with new leadership appointments.
**Operational Leverage**Integrated acquired businesses into unified product lines, enhanced scalability, and improved cross-selling opportunities through a single CRM view.
**Technology and Platform Investment**Accelerated development of digital and AI-enabled compliance tools, scaled the Matrix360 market intelligence platform, and launched the Omnicore whole-of-market distribution platform.
**Data Advantage**Strengthened through acquisitions like Rayner Spencer Mills Research (RSMR) and increased stake in Plannr Technologies, enhancing proprietary data capabilities.
**Acquisitions**Completed the acquisition of RSMR for £6.4 million and Pearson Ham Groups market pricing data business in January 2026 for £11.0 million.
### **Current Trading and Outlook**
**Strong Start to FY26**Trading in line with Board expectations, supported by high recurring revenues and a simplified operating structure.
**Growth Drivers**Increasing demand for technology, data, and regulatory support in the UK retail financial services sector
further integration of technology and services
strengthened balance sheet for organic growth and acquisitions.
**Acquisition Impact**Pearson Ham Groups acquisition enhances pricing intelligence and is expected to be earnings accretive in its first full year.
### **Leadership and Governance**
**CEO Transition**Matt Timmins assumed sole responsibility as CEO, with Neil Stevens stepping down in June 2025.
**Board Strengthening**Appointed Ian Pickford as Independent Non-Executive Director and Chair of Remuneration and Nomination Committees.
### **Conclusion**
Fintel PLC demonstrated resilience and strategic focus in 2025, achieving strong financial results and advancing its position as a key player in the UK retail financial services sector. With a simplified structure, robust recurring revenues, and a clear strategic direction, the company is well-positioned for continued growth and value creation in 2026.
Here is the HTML table code comparing Fintel's financials and debt year on year:
Metric20242025Change
Revenue£78.3m£85.9m+10%
SaaS & Subscription Revenue£44.4m£48.7m+9.6%
Adjusted EBITDA£22.2m£25.9m+16.6%
EBITDA Margin28.3%30.1%+180 bps
Net Debt£25.3m£31.1m+22.9%
Cash Balance£6.3m£17.3m+175%
Dividend per Share3.65p3.80p+4.1%
**Key Observations:** * **Revenue Growth:** Fintel's revenue increased by 10% from £78.3m in 2024 to £85.9m in 2025, driven by inorganic growth and strong performance in SaaS & Subscription revenue. * **EBITDA Improvement:** Adjusted EBITDA grew by 16.6% to £25.9m, with EBITDA margin expanding by 180 basis points to 30.1%, indicating improved operational efficiency. * **Debt Increase:** Net debt increased by 22.9% to £31.1m, primarily due to strategic acquisitions and investments. * **Cash Position Strengthened:** Cash balance significantly increased from £6.3m to £17.3m, providing more financial flexibility. * **Dividend Growth:** Dividend per share increased by 4.1% to 3.80p, reflecting the company's strong performance and commitment to shareholder returns.
BOKU logo
Latest RNS 06:01
BOKU

2025 Full Year Results

Boku Inc

**Summary of BokuInc. 2025 Full Year Results**
Boku, Inc. reported strong financial and operational performance for the year ended December 31, 2025, driven by diversification, scale, and financial strength. Key highlights include
### **Financial Highlights**
**Revenue Growth**Total revenue increased by 30% to $128.8 million, driven by strong growth in Digital Wallets & Account-to-Account (A2A) (+67% to $43.5 million) and Bundling (+71% to $14.9 million). Direct Carrier Billing (DCB) grew by 9% to $70.4 million.
**Adjusted EBITDA**Increased by 36% to $41.3 million, with a margin of 32.1%, up from 30.5% in 2024.
**Operating Profit**Surged by 205% to $18.9 million, reflecting efficient scaling.
**Cash Position**Group cash grew by 39% to $245.6 million, with own cash increasing by 28% to $102.9 million. The company remains debt-free.
### **Operational Highlights**
**Monthly Active Users (MAU)**Increased by 31% to 114.4 million in December 2025.
**Total Payment Volume (TPV)**Grew by 27% to $15.7 billion.
**Payment Connections**Delivered 132 new payment connections, enabling broader consumer access.
**Bundling Product**Helped merchants acquire millions of new subscribers, contributing significantly to revenue growth.
### **Strategic Progress**
**Diversification**Non-DCB products now account for 45% of total revenue, up from 35% in 2024.
**Regulatory Expansion**Secured Payment Institution authorization in Brazil, cross-border product approval in India, and Payment Initiation Service Provider authorization in the UK.
**Innovation**Launched an Innovation Hub in Singapore to develop new payment capabilities, including payouts and stablecoin.
**Operational Efficiency**Invested in automation and AI to improve scalability and reduce friction in the payment journey.
### **Outlook**
**Medium-Term Guidance**Unchanged, with expected organic revenue growth exceeding 20% CAGR and adjusted EBITDA margin <mark style="background-color:yellow">above</mark> 30%.
**Strategic Focus**Deepening merchant partnerships, diversifying revenues, driving scalability, and building a future-ready platform with AI integration.
### **Leadership and Governance**
**Board Changes**Jon Prideaux stepped down as a Non-Executive Director. Richard Pennycook assumed the role of Chair, emphasizing governance, resilience, and operational discipline.
**People and Culture**Focus on talent development, diversity, and succession planning to support growth.
### **CEO Commentary**
Stuart Neal, CEO, highlighted Bokus position at the center of the shift towards Local Payment Methods (LPMs), emphasizing the companys role as a growth partner for global merchants. He underscored the companys momentum, clear strategy, and strong financial position for long-term growth.
### **Conclusion**
Bokus 2025 results demonstrate robust growth, strategic diversification, and operational excellence, positioning the company well for continued expansion in the evolving global payments landscape.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Movement
Total Group Revenue ($'m)99.3128.8+30%
Adjusted EBITDA ($'m)30.341.3+36%
Adjusted EBITDA margin (%)30.5%32.1%+1.6pp
Operating Profit ($'m)6.218.9+205%
Group Cash ($'m)177.3245.6+39%
Own Cash ($'m)80.2102.9+28%
Monthly Active Users (m)87.1114.4+31%
Total Payment Volume ($bn)12.415.7+27%
Blended Take Rate (bps)8082+2bps

Debt: The company remains debt-free in both years.

This table compares key financial metrics and debt status for Boku, Inc. between 2024 and 2025, showing significant growth in revenue, profitability, cash position, and operational metrics, while maintaining a debt-free status.
HWG logo
Latest RNS 06:01
HWG

Full Year Results for year ended 31 Dec 2025

Harworth Group PLC

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LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT LT 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Here is the comparison of financials and debt year on year for Harworth Group PLC, presented as an HTML table:
Metric20252024% Change
Total Accounting Return (%)1.79.1-7.4pp
Value gains (£m)44.597.2-54.2%
EPRA NDV per share (p)224.4222.3+0.9%
Total Property Return (%)8.412.0-3.6pp
EPRA NDV (£m)727.3719.5+1.1%
Total property sales (£m)115.0215.8-46.7%
Net loan to portfolio value (%)15.65.4+10.2pp
Net debt (£m)145.946.7+212.0%
Operating profit (£m)21.674.6-71.0%
Total dividend per share (p)1.7751.614+10.0%
**Key Observations:** 1. **Total Accounting Return**: Decreased significantly from 9.1% in 2024 to 1.7% in 2025, indicating lower overall returns. 2. **Value Gains**: Dropped by 54.2%, from £97.2m in 2024 to £44.5m in 2025, reflecting reduced gains from property sales and revaluations. 3. **EPRA NDV per share**: Increased slightly by 0.9%, from 222.3p to 224.4p, showing modest growth in net asset value. 4. **Total Property Return**: Declined from 12.0% to 8.4%, indicating lower returns from the property portfolio. 5. **Net Debt**: Increased significantly by 212.0%, from £46.7m to £145.9m, reflecting higher borrowing levels. 6. **Net loan to portfolio value**: Rose from 5.4% to 15.6%, indicating higher leverage relative to portfolio value. 7. **Operating Profit**: Decreased sharply by 71.0%, from £74.6m to £21.6m, due to lower revenues and higher costs. 8. **Total Dividend per share**: Increased by 10.0%, from 1.614p to 1.775p, despite lower profits, maintaining shareholder returns. This table highlights the year-on-year changes in key financial metrics and debt levels for Harworth Group PLC.
IPO logo
Latest RNS 06:01
IPO

IP Group plc 2025 Annual Results Release

IP Group

**Summary of IP Group PLC 2025 Annual Results:**
IP Group PLC, a UK-based science and technology investor, reported its 2025 annual results, highlighting significant growth and strategic achievements. Key points include
1. **Financial Performance**
**Net Asset Value (NAV) per share** increased by 13% to 110.4p, with a closing NAV of £975.1 million.
**Profit for the year** was £66.9 million, a significant improvement from a loss of £207.0 million in 2024.
**Total portfolio value** rose to £908.1 million, up from £852.1 million in 2024.
2. **Portfolio Highlights**
**Pfizers acquisition of Metsera** contributed £128.2 million in discounted future royalty and milestone income, significantly boosting NAV.
**Hinge Health** successfully IPOed on the NYSE, generating £18.4 million in proceeds in 2025 and an additional £16.8 million in early 2026, representing a 53x return on investment.
**Monolith AI** was acquired by CoreWeave, Inc., with initial proceeds of £3.4 million and further deferred proceeds expected in 2026.
**Portfolio companies raised £914 million** in total capital, a 17% increase from 2024, with notable fundraisings by Artios, Oxa, and Lumai.
3. **Strategic Initiatives**
**Focus on funds under management** Raised £29.0 million in third-party funds, with total third-party AUM at £557 million.
**Launched Northern Universities Venture Fund** in collaboration with Parkwalk and Northern Gritstone.
**Partnership with Aberdeen** to manage a portfolio of early-stage and growth investments in the UK.
4. **Shareholder Returns**
Completed a **£75 million share buyback program**, retiring 9% of the share capital.
Accumulated an additional **£30 million for future shareholder returns**.
5. **Outlook**
Targeting **over £250 million in exits** between 2025 and 2027.
Strong pipeline of milestones in life sciences, AI-enabling technologies, and other sectors.
Continued focus on increasing funds under management and supporting breakthrough science and technology companies.
**CEO Greg Smith** emphasized the companys unique model, combining deep partnerships with research institutions and access to long-term capital, positioning IP Group to support innovation and deliver long-term value for shareholders. The company remains committed to addressing societal challenges through its investments.
Here is an HTML table comparing the financials and debt year on year for IP Group PLC based on the provided text: td>-26.1%
MetricFY 2025FY 2024Change
Net Asset Value (NAV)£975.1m£952.5m+2.4%
NAV per share110.4p97.7p+13%
Profit/(loss) for the year£66.9m(£207.0m)N/A
Total portfolio£908.1m£852.1m+6.6%
Gross cash and deposits£211.0m£285.6m
Cash proceeds£68.1m£183.4m-62.9%
Portfolio investment£70.5m£63.0m+11.9%
Borrowings (current)£119.7m£6.3m+1,796.8%
Borrowings (non-current)£0.0m£122.8m-100%
**Notes:** * The change in borrowings is due to a technical breach of financial covenants, resulting in reclassification of borrowings from non-current to current liabilities. * The decrease in gross cash and deposits is primarily due to outflows from investing activities, share buybacks, and debt repayment. * The significant decrease in cash proceeds is likely due to a strong year of realizations in FY 2024, including the sale of Featurespace to Visa. This table provides a concise comparison of key financials and debt metrics for IP Group PLC, highlighting areas of growth, decline, and notable changes.
CBG logo
Latest RNS 06:01
CBG

Half-year Report for six months to 31 January 2026

Close Brothers Group plc

**Summary of Close Brothers Group PLC Half-Year Report for Six Months to 31 January 2026**
**Overview**
Close Brothers Group PLC, a UK specialist banking group, reported its half-year results for the six months ending 31 January 2026. The group demonstrated resilience despite challenging market conditions, focusing on cost discipline, credit performance, and strategic repositioning. Key highlights include a marginal reduction in the loan book, continued growth in core businesses, and a strong CET1 capital ratio of 14.3%. The group is well-positioned for future growth, with accelerated cost savings plans and a focus on simplification, optimization, and growth.
**Financial Performance**
**Adjusted Operating Profit**£65.2 million (H1 2025: £80.5 million), reflecting a 19% decrease due to reduced income, partly offset by lower impairment losses.
**Operating Loss Before Tax**£65.5 million (H1 2025: £102.2 million), primarily due to a £135.0 million provision for motor finance commissions.
**Net Interest Margin (NIM)**7.1% (H1 2025: 7.3%), expected to be slightly <mark style="background-color:yellow">below</mark> 7% for the full year.
**Bad Debt Ratio**0.8% (H1 2025: 1.0%), expected to remain below the long-term average of 1.2%.
**Loan Book**Reduced by 2% to £9.2 billion (31 July 2025: £9.5 billion), with underlying decrease of 1% excluding planned exits and run-offs.
**Strategic Initiatives**
**Simplification**Largely complete, with the sale of Close Brothers Asset Management, Winterflood, and Brewery Rentals, and the exit from Vehicle Hire.
**Optimization**Accelerated cost savings plans, targeting £25 million in 2026 and £60 million by 2027, positioning the group for double-digit returns by 2028.
**Growth**Focused on core markets with strong and sustainable opportunities, targeting 5-10% annual growth through the cycle.
**Capital and Funding**
**CET1 Capital Ratio**Increased to 14.3% (31 July 2025: 13.8%), reflecting disposals and lower RWAs, partly offset by motor finance provisions.
**Total Funding**Decreased by 8% to £11.7 billion, covering 124% of the loan book, with a prudent maturity profile.
**Divisions Performance**
**Commercial**Adjusted operating profit decreased to £40.7 million (H1 2025: £50.0 million) due to lower utilization in Invoice Finance and the wind-down of Novitas.
**Retail**Adjusted operating profit increased to £17.5 million (H1 2025: £16.8 million), driven by a Motor Finance impairment release and improved credit performance in Premium Finance.
**Property**Adjusted operating profit declined to £29.8 million (H1 2025: £42.1 million) due to softer demand and increased impairment charges.
**Outlook**
**Cost Savings**Accelerated targets, with £25 million in 2026 and £60 million by 2027.
**NIM**Expected to be slightly below 7% in 2026.
**Bad Debt Ratio**Expected to remain below 1.2% in 2026.
**RoTE**On track to achieve double-digit returns by 2028, rising thereafter.
**Conclusion**
Close Brothers Group PLC demonstrated resilience in the first half of 2026, with a focus on strategic repositioning, cost optimization, and sustainable growth. Despite challenges, the group remains well-capitalized and positioned for future growth, with a clear path to achieving its long-term financial goals.
Here is a comparison of the financials and debt year on year presented as an HTML table:
Metric2025 (£ million)2026 (£ million)Change (%)
Operating loss before tax(102.2)(65.5)36
Adjusted operating profit80.565.2(19)
Loss attributable to shareholders(111.8)(64.4)42
Loan book9,5009,200(2)
CET1 capital ratio13.8%14.3%4
Total assets14,071.912,283.6(13)
Total liabilities12,336.410,620.8(14)
Total equity1,735.51,662.8(4)
**Key Observations:** - **Operating Loss Improvement:** The operating loss before tax decreased by 36% from £102.2 million in 2025 to £65.5 million in 2026, indicating improved operational efficiency. - **Adjusted Operating Profit Decline:** Adjusted operating profit decreased by 19% from £80.5 million in 2025 to £65.2 million in 2026, likely due to lower income and increased costs. - **Loan Book Reduction:** The loan book decreased by 2% from £9.5 billion in 2025 to £9.2 billion in 2026, reflecting the company's repositioning and market conditions. - **CET1 Capital Ratio Increase:** The CET1 capital ratio increased from 13.8% in 2025 to 14.3% in 2026, indicating a stronger capital position. - **Balance Sheet Reduction:** Total assets and liabilities decreased by 13% and 14%, respectively, primarily due to the sale of Winterflood and CBRL, and a reduction in treasury assets and customer deposits. This table provides a concise overview of the key financial and debt metrics, highlighting the year-on-year changes and trends.
STVG logo
Latest RNS 06:01
STVG

STV Group Full Year Results to 31 December 2025

STV Group plc

**Summary of STV Group Full Year Results to 31 December 2025**
**Financial Performance**
**Revenue** £176.9 million, down 6% year-on-year, primarily due to a 10% decline in Total Advertising Revenue (TAR) to £89.3 million, driven by national linear advertising. Studios revenue remained resilient at £83.0 million, down 1%.
**Adjusted Operating Profit** £11.6 million, down 44%, with both divisions reporting a 35% decline. Adjusted operating margin fell to 6.6% from 11.0% in 2024.
**Statutory Operating Profit** £3.8 million, down 71% from 2024.
**Net Debt:** £45.3 millionat the lower end of guidancecompared to £38.7 million in 2024.
**Cost Savings** Management actions are expected to deliver annualised cost savings of £8 million by the end of FY26, with £4.1 million already achieved in FY24/FY25.
**Operational Highlights**
**STV Player** Achieved record consumption, up 9% to 75 million hours, with registered Daily Active Users up 10%.
**Audio Business** Successful launch of STV Radio, attracting new advertisers and audiences.
**Advertising Innovation** Strengthened advertising proposition with pause ads and STV ADapt, with new products planned for 2026.
**Studios** Delivered 37 new commissions and recommissions in 2025, including notable projects like *Blue Lights* (Series 3) and *The Witness* for Netflix. Forward production orderbook stands at £33 million.
**Strategic Progress**
**Audience Division** Maximising reach and engagement across broadcast, streaming, and audio platforms. STV and STV Player combined reach 75% of Scots monthly, outperforming competitors like Netflix and Amazon Prime in Scotland.
**Studios** Focus on high-quality, returnable IP with strong international appeal, supported by an expanded customer mix and disciplined portfolio management.
**Cost Discipline** Tight cost management remains a priority, with restructuring and cost-saving measures implemented to improve financial performance in 2026.
**Market Outlook**
**Advertising** Q1 2026 TAR is expected to decline by 5%, with national linear down 7% and regional linear down 11%. VOD revenue is expected to grow by 3%.
**Events** The FIFA Mens World Cup is expected to boost advertising revenue in Q2 2026.
**Studios** Forward orderbook of £33 million at the end of December 2025, with no cancellations notified.
**Dividend**
No final dividend proposed for 2025 to preserve financial flexibility and liquidity, given continued pressure on operating margins and the current debt profile.
**Management Commentary**
**Rufus Radcliffe, Chief Executive** Highlighted the challenging market conditions in 2025 but emphasized the groups operational discipline and strategic progress. He expressed optimism for 2026, citing major events, new advertiser products, and significant content deliveries for global streamers.
**Conclusion**
STV Groups 2025 results reflect a challenging year, with revenue and profit declines driven by macroeconomic pressures and a weak advertising market. However, the group has made strategic progress, particularly in its Audience division and Studios, and is focused on cost discipline and innovation to improve performance in 2026. The absence of a dividend reflects a cautious approach to financial management in a volatile market.
Here is the HTML table code comparing the financials and debt year on year for STV Group PLC:
Financial Metric2025 (£m)2024 (£m)Change
Revenue176.9188.0-6%
Adjusted Operating Profit11.620.6-44%
Operating Profit3.813.2-71%
(Loss)/Profit for the Year(4.0)13.1-130%
Cash Generated by Operations15.517.7-12%
Net Debt45.338.7+17%

Debt Comparison

Debt Metric2025 (£m)2024 (£m)Change
Net Debt45.338.7+6.6
Leverage (x)2.51.5+67%
Interest Cover (x)6.18.5-28%

Note: Net debt includes amounts drawn under non-recourse production financing facilities of £2.3m (2024: £9.9m)

**Key Observations:** * Revenue decreased by 6% year-on-year, primarily driven by a 10% decline in Total Advertising Revenue (TAR). * Adjusted operating profit declined by 44%, mainly due to lower TAR, reduced new format sales in Studios, and inflationary pressures. * Net debt increased by £6.6m, partly due to the loss for the year of £4m (2024: profit of £13.1m). * Leverage increased to 2.5x, while interest cover decreased to 6.1x, both still within covenant limits. This HTML code creates two tables comparing the financials and debt metrics year-on-year, highlighting the changes and trends in STV Group PLC's financial performance.
PEBB logo
Latest RNS 06:01
PEBB

AUDITED FULL YEAR RESULTS 2025

The Pebble Group PLC

**Summary of The Pebble Group PLCs Audited Full Year Results 2025**
The Pebble Group PLC, a leading provider of technology, products, and services to the global promotional products industry, announced its audited results for the year ended 31 December 2025. Key highlights include
### **Financial Performance**
**Revenue**£124.7 million, slightly down from £125.3 million in 2024, but in line with expectations.
**Gross Profit Margin**Improved to 45.6% from 44.3% in 2024, driven by better margins at Brand Addition.
**Operating Profit**£7.4 million, down from £8.6 million in 2024, due to increased investment in sales and marketing.
**Profit Before Tax**: £6.9 milliondown from £8.1 million in 2024.
**Basic Earnings Per Share**: 3.45pdown from 3.83p in 2024.
**Cash**£9.6 million, down from £16.5 million in 2024, reflecting shareholder returns and investments.
**Dividend Per Share**Increased to 2.00p from 1.85p in 2024.
### **Business Highlights**
**Facilisgroup**
Secured 30 new Partners (up from 16 in 2024) after investing approximately $1 million in sales and marketing.
Partner retention rate remained high at 97%, with 253 Partners as of 31 December 2025.
Focus on accelerating revenue growth through high Partner lifetime value and efficient acquisition costs.
**Brand Addition**
Revenue remained stable at £107.5 million, with improved margins (37.0% gross margin, up from 35.2%).
New client contracts contributed £6.5 million in revenue, up from £5.3 million in 2024.
Adjusted EBITDA increased to £11.4 million from £10.8 million.
### **Shareholder Returns**
**Share Buyback**Launched a £5.0 million share buyback program to return value to shareholders.
**Dividend**Proposed a final dividend of 2.0 pence per share, up from 1.85 pence in 2024.
**Total Capital Returns**£11.7 million in 2025, up from £3.4 million in 2024.
### **Strategic Focus**
**Organic Growth**Continued emphasis on organic growth and disciplined capital allocation.
**AI Integration**Increasing focus on AI to enhance operational efficiency, productivity, and decision-making.
**ESG Commitment**Progress on environmental, social, and governance goals, including a net-zero strategy and reduced emissions.
### **Outlook**
**Facilisgroup**Expected revenue growth in 2026 driven by new Partner wins and improved lifetime value.
**Brand Addition**Aim to increase revenues while maintaining improved profit margins.
**Overall**Confidence in delivering profitable growth, strong cash generation, and sustainable value creation despite macroeconomic uncertainties.
### **Board and Governance**
**Board Changes**Markus Bihler joined as a Non-executive Director, bringing expertise in technology-enabled business models and value creation.
**Governance**Strengthened governance with new policies on fraud prevention and AI.
The Pebble Group remains well-positioned to capitalize on its market opportunities, supported by a robust balance sheet, strategic investments, and a commitment to shareholder value.
Here is the HTML table code comparing the financials and debt year on year for The Pebble Group PLC:
MetricFY 2025FY 2024Change
Revenue (£'m)124.7125.3-0.5%
Gross Profit Margin (%)45.644.3+1.3ppt
Operating Profit (£'m)7.48.6-14.0%
Profit Before Tax (£'m)6.98.1-14.8%
Basic Earnings Per Share (pence)3.453.83-9.9%
Cash (£'m)9.616.5-£6.9m
Dividend Per Share (pence)2.001.85+8.1%
Adjusted EBITDA (£'m)15.816.7-5.4%
Free Cash Flow Conversion (%)9168+23ppt
Basic Adjusted Earnings Per Share (pence)3.864.63-16.6%
Capital Returns (£'m)11.73.4+£8.3m
Debt (£'m)00N/A
**Notes:** * The table includes key financial metrics and debt information for The Pebble Group PLC for FY 2025 and FY 2024. * The "Change" column shows the percentage change or absolute difference between the two years. * The company is debt-free, as indicated by the "Debt" row. * The table is based on the information provided in the text, which is an audited full-year results announcement for The Pebble Group PLC.
VINO logo
Latest RNS 06:01
VINO

Interim Results

Virgin Wines UK PLC

**Summary of Virgin Wines UK PLC Interim Results (H1 2026)**
**Financial Highlights**
**Revenue Growth** Increased by 2% year-on-year to £34.7 million (H1 2024: £34.1 million), outperforming the wider online drinks market, which declined by 11%.
**Christmas Trading** Strong performance with a 5% revenue increase over the peak seven-week period to 26 December 2025.
**Balance Sheet** Remains robust with net cash of £10.6 million (H1 2024: £17.3 million) and gross cash of £17.9 million (H1 2024: £23.7 million), while remaining debt-free.
**Shareholder Returns** Returned £2.7 million to shareholders via share buybacks.
**Profitability** Adjusted EBITDA of £259k, with a loss before tax of £356k due to increased investment in growth.
**Strategic Highlights**
1. **Customer Acquisition**
40% year-on-year increase in new customers (75k acquired), with a 12% rise in WineBank membership.
Cost per acquisition remained stable at £15.34 despite significant growth.
2. **Commercial Partnerships**
Revenue from partnerships and corporate gifting grew year-on-year, with the Moonpig partnership delivering double-digit growth.
3. **Mobile App**
Initial phase completed with a soft launch in March 2026, expected to enhance customer engagement.
4. **Warehouse Wines**
Revenue increased by 92% year-on-year, with a 41.1k customer base, demonstrating strong value-led growth.
**Current Trading and Outlook**
January and February 2026 revenue up 12% year-on-year, with full-year revenue in line with market expectations.
Customer acquisition accelerated, with January up 54% and February up 83% year-on-year.
Warehouse Wines revenue grew by 105% in January and February.
Increased near-term investment of £0.55 million in customer acquisition, expected to maintain EBITDA profitability.
Challenges include inflationary pressures, rising duties, and regulatory costs, but the company remains confident in its growth strategy.
**CEO Commentary (Jay Wright)**
Highlighted success in customer acquisition, commercial partnerships, Warehouse Wines growth, and mobile app development.
Emphasized strong momentum, disciplined cost management, and confidence in delivering sustained success despite macroeconomic challenges.
**Financial Review (Amanda Cherry)**
Revenue growth of 2% to £34.7 million, with a loss before tax of £0.4 million due to increased investment.
Gross profit margin decreased to 27.7% due to promotional offers and sales mix changes.
EBITDA of £0.2 millionimpacted by growth investments.
Strong balance sheet with £17.9 million in gross cash and £7.7 million in inventory.
**Conclusion**
Virgin Wines UK PLC demonstrated resilience and growth in a challenging market, with strategic investments in customer acquisition, partnerships, and technology driving performance. Despite short-term profitability pressures, the company remains focused on long-term growth and market outperformance.
Here is the HTML table code comparing the financials and debt year on year for Virgin Wines UK PLC:
Financial MetricH1 2026 (£'000)H1 2025 (£'000)Change (£'000)Change (%)
Revenue34,74734,0846632%
Gross Profit9,63610,122(486)-5%
EBITDA2591,600(1,341)-84%
Loss Before Tax(356)1,273(1,629)-128%
Net Cash10,60017,300(6,700)-39%
Gross Cash17,94423,661(5,717)-24%
Inventory7,6956,5171,17818%
Debt0000%

Notes:

  • Revenue increased by 2% year-on-year, outperforming the wider online drinks market which declined by 11%.
  • Gross profit margin decreased by 2% to 27.7% due to increased promotional offers and changes in sales mix.
  • EBITDA and loss before tax were significantly impacted by increased investment in customer acquisition and marketing.
  • Net cash and gross cash decreased due to share buybacks, capex, and increased inventory.
  • The company remains debt-free.
This table provides a clear comparison of key financial metrics between H1 2026 and H1 2025, including revenue, gross profit, EBITDA, loss before tax, net cash, gross cash, inventory, and debt. The notes section highlights key insights from the comparison.
EYE logo
Latest RNS 06:01
EYE

Half Year Results

Eagle Eye Solutions Group plc

**Summary of Eagle Eye Solutions Group PLC Half-Year Results (H1 2026):**
Eagle Eye Solutions Group PLC, a leading provider of applied AI for marketing, reported strong financial performance for the six months ended 31 December 2025, exceeding initial expectations. Key highlights include
### **Financial Performance**
**Revenue Growth** Group revenue (excluding NRS impact) grew by 16% to £22.4 million, driven by a 24% increase in recurring revenue to £19.1 million. Including NRS, revenue slightly declined to £23.0 million.
**Annual Recurring Revenue (ARR)** ARR increased by 29% to £42.2 million, with new ARR in H1 2026 surpassing the entire FY 2025.
**Net Revenue Retention (NRR)** NRR (excluding NRS) improved to 108%, up from 104% in H1 2025. Including NRS, NRR was 99%.
**Profitability** Adjusted EBITDA was £4.3 million (18% margin), ahead of expectations, despite a 28% decline from H1 2025. Profit after tax was £0.1 million, down from £1.9 million in H1 2025.
**Cash Position** Net cash increased by 3% to £12.1 million, supporting investment in growth initiatives.
### **Strategic Highlights**
**New Customer Wins** Secured eight new multi-year contracts for the AIR platform and EagleAI solutions, including major wins in North America, Europe, and Asia. Notable wins include Wakefern, Kwik Trip, and FairPrice Co-Operative Ltd.
**US Market Expansion** Achieved £2.5 million in new ARR from four significant US wins, reflecting strengthened brand presence and refined go-to-market strategies.
**AI Growth** EagleAI revenues grew by 23% to £3.6 million, now representing 15% of Group revenues. Integration of AIR and EagleAI is delivering value through AI Personalised Promotions.
**OEM Partnership** Secured first two customer contracts through the OEM partnership, with expected ARR of £2.0 million, and material revenue generation expected from FY27.
**Operational Efficiency** Improved revenue mix with recurring revenues at 85% of Group revenues, up from 80% in H1 2025. Adjusted EBITDA margin exceeded expectations due to cost efficiencies and platform optimisation.
### **Outlook**
The Board is confident in delivering FY26 results in line with increased market expectations, targeting a 20% EBITDA margin run rate by the end of FY26.
Expects a return to double-digit revenue and EBITDA growth in FY27, driven by momentum in ARR growth, customer expansion, and AI innovation.
### **CEO Statement**
Tim Mason, CEO, highlighted strong execution, ARR growth, and progress in strategic priorities, including US market traction and OEM partnership success. Emphasised leadership in applied AI for retail and commitment to long-term value creation.
### **Key Metrics (H1 2026 vs H1 2025)**
**ARR (excl. NRS)** £42.2m (+29%)
**NRR (excl. NRS)** 108% (+4ppts)
**Group Revenue (excl. NRS)** £22.4m (+16%)
**Recurring Revenue** £19.1m (+24%)
**Adjusted EBITDA** £4.3m (-28%)
**Net Cash** £12.1m (+3%)
Eagle Eye remains focused on capturing the growing demand for AI-powered loyalty and personalisation solutions, with a disciplined approach to margin improvement and long-term growth.
Here is the HTML table code comparing the financials and debt year on year for Eagle Eye Solutions Group PLC:
MetricH1 2026H1 2025Change
KPIs excluding NRS
Period end Annual Recurring Revenue£42.2m£32.8m+29%
Net Revenue Retention108%104%+4ppts
Group Revenue£22.4m£19.3m+16%
Recurring Revenue£19.1m£15.4m+24%
KPIs including NRS
Group revenue£23.0m£24.2m-5%
Recurring Revenue£19.6m£19.5m+1%
Professional Services Revenue£3.0m£4.4m-32%
SMS Revenue£0.4m£0.3m+55%
Recurring revenue % of Group revenue85%81%+5ppts
Period end Annual Recurring Revenue£42.2m£41.0m+3%
Net Revenue Retention99%104%-5ppts
Direct profit£16.2m£16.9m-4%
Adjusted EBITDA£4.3m£5.9m-28%
Adjusted EBITDA margin18%24%-6ppts
Profit after tax£0.1m£1.9m-93%
Net cash at 31 December£12.1m£11.7m+3%

Note: Debt information is not explicitly mentioned in the provided text. However, the "Net cash" metric can be used as a proxy for debt, where an increase in net cash indicates a decrease in debt or an improvement in liquidity.

This table compares the key financial metrics for Eagle Eye Solutions Group PLC between H1 2026 and H1 2025, including revenue, recurring revenue, EBITDA, and net cash. The "Change" column shows the percentage change between the two periods. Please note that the debt information is not explicitly mentioned in the provided text, so the table focuses on financial metrics and uses "Net cash" as a proxy for debt.
TPFG logo
Latest RNS 06:01
TPFG

Final Results

Property Franchise Group PLC

**Summary**
The Property Franchise Group PLC (TPFG) reported a record year for FY25, with significant growth across its franchising, financial services, and licensing divisions. Key financial highlights include a 25% increase in group revenue to £84.3 million, a 49% rise in EBITDA to £30.3 million, and a 39% increase in adjusted profit before tax to £31.0 million. The company also achieved a 22% increase in the full-year dividend to 22p per share.
Operationally, TPFG expanded its managed portfolio to 149,000 properties, completed 35,000 residential sale transactions, and maintained a steady sales pipeline of £33.0 million. The company launched the Privilege programme, adding £1.5 million in incremental revenue, and its Financial Services division delivered a record 25,000 mortgages. The Licensing division grew with Fine & Country adding 13 new licensees, including eight international offices.
TPFG made significant progress in AI-focused initiatives, enhanced its senior leadership team, and strengthened its balance sheet with net debt reduced to £2.3 million. The company is well-positioned for future growth, focusing on revenue synergies, navigating market conditions, and pursuing complementary acquisitions. The Board expressed confidence in delivering sustainable long-term value for shareholders, supported by a clear strategy and a resilient business model.
Here is the HTML table code comparing the financials and debt year on year for The Property Franchise Group PLC:
Metric20252024Change
Revenue£84.3m£67.3m25%
EBITDA£30.3m£20.4m49%
Adjusted Profit Before Tax£31.0m£22.3m39%
Net Debt£2.3m£9.1m(75%)
Cash Generated from Operations£22.1m£14.7m50%
Dividend per Share22p18p22%
**Notes:** * The table compares key financial metrics for The Property Franchise Group PLC between 2025 and 2024. * The "Change" column shows the percentage change between the two years. * The data is sourced from the provided text, which is an RNS announcement from The Property Franchise Group PLC.
SML logo
Latest RNS 06:01
SML

Redmoor - Infill Drilling Contract Signed

Strategic Minerals Plc

**Summary**
Strategic Minerals plc, through its wholly owned subsidiary Cornwall Resources Limited (CRL), has signed a drilling contract with Priority Drilling UK Ltd to commence an infill drilling program at the Redmoor tungsten-tin-copper project in southeast Cornwall. This program aims to convert inferred mineral resources to indicated resources and produce a reserve calculation as part of the prefeasibility study. The drilling is fully funded by a £4m placing completed in January 2026.
Key highlights include
One drill rig has arrived on site, with additional rigs reserved pending planning approval for expanded operations.
The program is designed to leverage the success of the 2025 drilling campaign, which demonstrated the reliability of the new deposit model.
Tungsten prices remain at historic highs, emphasizing the strategic importance of advancing the Redmoor project, Europes highest-grade undeveloped tungsten resource.
CRL has a strong track record of securing permissions and working with local stakeholders to ensure efficient drilling operations.
The contract marks a significant milestone in Redmoors development, with drilling set to begin shortly after site preparations are completed.
NewContract
ESNT logo
Latest RNS 06:01
ESNT

Results for the Full Year Ended 31 December 2025

Essentra PLC

**Summary of Essentra plcs Final Results for the Full Year Ended 31 December 2025**
Essentra plc reported its full-year results for 2025, highlighting performance in line with market expectations and strategic progress. Key financial and operational highlights include
### **Financial Performance**
**Revenue**£302.0 million, flat compared to 2024 (£302.4 million) but up 2.5% on a constant currency basis, driven by growth across all regions.
**Adjusted Operating Profit**£32.0 million, down from £40.1 million in 2024, reflecting margin pressures due to geographic mix effects and reinvestment.
**Adjusted Operating Margin**10.6%, down from 13.3% in 2024, impacted by temporary costs and mix shifts.
**Adjusted Net Cash Flow from Operating Activities**: £44.0 million, up from £36.4 million in 2024, with strong cash conversion of 137.5%.
**Net Debt**£60.7 million (excluding lease liabilities), down from £68.2 million in 2024, with leverage at 1.4x adjusted EBITDA.
**Dividend**Final dividend of 1.2p per share proposed, maintaining full-year dividend cover of around three times adjusted earnings.
### **Strategic Progress**
**Revenue Growth**All three regions (EMEA, Americas, APAC) delivered year-on-year constant currency revenue growth, with EMEA up 2.6%, Americas up 2.0%, and APAC up 3.1%.
**Acquisition**Completed the acquisition of Device Technologies in December 2025, a US-based specialty cable protection devices manufacturer, aligning with inorganic growth strategy.
**ERP Deployment**Progressed with Microsoft Dynamics 365 rollout in EMEA, with six additional locations launched, on track for completion in early 2027.
**Footprint Optimisation**Transferred manufacturing operations from Costa Rica to Mexico to improve scale and service in the Americas.
### **Operational Highlights**
**Gross Margins**Remained robust at 43.7% (2024: 45.3%), despite temporary pressures from geographic mix and ERP deployment costs.
**Sustainability**Launched components using post-consumer recycled materials and introduced over 1,600 sustainable products in 2025, surpassing 2030 SBTi emissions reduction targets five years early.
**Customer Satisfaction**Strong customer NPS scores across regions, with EMEA at 35, Americas at 55, and APAC at 47 (China declined to 47 due to pricing tensions).
### **Outlook**
**2026 Expectations**Trading-to-date provides confidence in achieving 2026 expectations, with management focused on margin improvement and operational efficiency.
**Balance Sheet**Remains strong, providing flexibility for strategic investments and bolt-on acquisitions.
**Middle East Situation**Monitoring potential broader impacts, though the Group has no operating footprint in the region.
### **CEO Commentary**
Scott Fawcett, CEO, emphasized 2025 as a year of strategic progress despite subdued global industrial demand. He highlighted revenue growth across regions, robust gross margins, and advancements in strategic priorities, including the Device Technologies acquisition and ERP rollout. Fawcett expressed confidence in Essentras ability to create strong shareholder value through its unique customer proposition, clear strategic priorities, and disciplined capital allocation.
### **Conclusion**
Essentra plc demonstrated resilience in 2025, achieving modest revenue growth, maintaining robust gross margins, and making significant strategic progress. The Group is well-positioned for further growth in 2026, supported by a strong balance sheet, operational efficiency initiatives, and a focus on sustainable and value-enhancing growth opportunities.
Here is the HTML table code comparing the financials and debt year on year for Essentra plc: td>(23.1%)
Metric2025 (£m)2024 (£m)Change Constant FXChange Actual FX
Revenue302.0302.42.5%(0.1%)
Adjusted Operating Profit32.040.1(17.7%)(20.2%)
Adjusted Operating Margin10.6%13.3%(260bps)(270bps)
Adjusted Pre-tax Profit24.031.2(20.8%)
Adjusted Basic Earnings per Share6.1p8.5p(25.2%)(28.2%)
Adjusted Net Cash Flow from Operating Activities44.036.420.8%20.9%
Net Debt (excluding lease liabilities)60.768.2(11.0%)(11.0%)
Net Debt to Adjusted EBITDA1.4x1.3x(7.7%)(7.7%)

Key Observations:

  • Revenue remained relatively flat year-on-year, with a slight decrease in actual FX terms.
  • Adjusted operating profit and pre-tax profit decreased significantly, driven by margin pressures and increased costs.
  • Net debt decreased by 11.0%, reflecting strong cash flow generation and debt management.
  • Net debt to adjusted EBITDA ratio increased slightly, but remains within the target range of <1.5x.
**Note:** The percentage changes for net debt and net debt to adjusted EBITDA are calculated based on the provided data. The actual FX change for net debt is the same as the constant FX change since currency effects are not applicable to this metric.
SWG logo
Latest RNS 06:01
SWG

Interim Results

Shearwater Group plc

**Summary of Shearwater Group PLC Interim Results for H1 FY26 (Ended 31 December 2025)**
**Financial Highlights**
**Revenue Growth** £14.0 million, up 31% YoY (from £10.7 million in Jul-Dec FY25) and 24% from the reported FY25 interim results (Apr-Sep FY25: £11.3 million). Growth driven by organic expansion and FY25 contract wins.
**Adjusted EBITDA** £0.0 million (vs. £0.1 million profit in Jul-Dec FY25), with a reported loss of £0.4 million for H1 FY25.
**Administrative Expenses** £2.9 million, down 6% YoY, reflecting cost reduction initiatives and FY25 restructuring.
**Cash Position** £2.2 million, impacted by short-term project cash flow timing. Adjusted for a £1.5 million contract outflow resolved in January 2026, the balance would have been £3.7 million (vs. £3.6 million in Dec 2024).
**Operational Highlights**
**Services Momentum** Strong demand from blue-chip clients in Telecommunications, Financial Services, and Government sectors.
**Contract Wins** Notable wins include a £7.3 million extension with a mobile network operator and expansions in Central Government.
**Pentest Business** Returned to profitability post-FY25 restructuring.
**Software Solutions** Continued demand for on-premise solutions, particularly in regulated sectors.
**H2 Start** Positive momentum with a £9 million renewal/extension in global financial services post-period end.
**Board Update**
Robin Southwell appointed as Chair effective 1 February 2026.
**Outlook**
**Pipeline Strength** Robust pipeline supported by Services momentum, with H2 wins aligning to peak sales cycles.
**Margin Improvement** Expected in H2 as new solutions are delivered.
**Full-Year Confidence** Board remains confident in meeting market expectations for FY26.
**CEO Commentary (Phil Higgins)**
Highlighted progress in revenue growth and operational performance, driven by demand in high-threat environments.
Emphasized Services business momentum, Pentest profitability, and software portfolio investments.
Confident in H2 performance and FY26 market expectations, supported by recent contract wins and margin improvements.
**Market Opportunity**
Cybersecurity market projected to grow at 14% CAGR globally and 10-12% in the UK, driven by escalating cyber threats.
Shearwater’s differentiated full-service offering positions it to capitalize on this growth.
**Segment Performance**
**Services** 37% revenue growth to £12.9 million, driven by cloud-hosted software and FY25 contracts. Gross margin slightly down to 17% due to revenue recognition policy changes.
**Software** Revenue declined 12% to £1.1 million but remained stable compared to FY25 pro-rated totals.
**Financial Position & Cash Flow**
H1 cash outflow due to timing of project payments, with net cash used in operations at £2.4 million.
Strong financial position to support growth initiatives.
**Conclusion**
Shearwater Group demonstrated resilient H1 performance with strong revenue growth, operational improvements, and strategic contract wins. Despite short-term cash flow challenges, the company is well-positioned to capitalize on cybersecurity market opportunities, with confidence in delivering full-year expectations.
Here’s an HTML table comparing the financials and debt year on year for Shearwater Group PLC based on the provided text:
MetricH1 FY26 (unaudited)H1 FY25 (unaudited)YOY Change
Revenue£14.0m£10.7m+31%
Gross Profit£2.9m£3.2m-10%
Adjusted Administrative Expenses£2.9m£3.1m-6%
Adjusted EBITDA£0.0m£0.1m-100%
Cash and Cash Equivalents£2.2m£3.6m-39%
Debt (Long-term)£3.5m£4.5m-22%
### Explanation: 1. **Revenue**: Increased by 31% from £10.7m in H1 FY25 to £14.0m in H1 FY26. 2. **Gross Profit**: Decreased by 10% from £3.2m in H1 FY25 to £2.9m in H1 FY26. 3. **Adjusted Administrative Expenses**: Decreased by 6% from £3.1m in H1 FY25 to £2.9m in H1 FY26. 4. **Adjusted EBITDA**: Fell from £0.1m in H1 FY25 to £0.0m in H1 FY26. 5. **Cash and Cash Equivalents**: Decreased by 39% from £3.6m in H1 FY25 to £2.2m in H1 FY26. 6. **Debt (Long-term)**: Decreased by 22% from £4.5m in H1 FY25 to £3.5m in H1 FY26. This table provides a clear comparison of key financial metrics and debt levels between the two periods.
ABDX logo
Latest RNS 06:01
ABDX

Half-year Financial Report

Abingdon Health Plc

**Summary of Abingdon Health PLC Half-Year Financial Report (H1 FY26)**
**Financial Performance**
**Revenue Growth**Total revenue (including grant-funded income) increased by 45% to £4.5 million (H1 FY25: £3.1 million). Reported revenue grew by 37% to £4.2 million.
**Adjusted EBITDA Loss**Improved to £1.7 million (H1 FY25: £1.9 million) due to continued investment in infrastructure and growth.
**Loss Before Taxation**£2.3 million (H1 FY25: £2.6 million).
**Cash Position**Cash and equivalents rose to £3.7 million at 31 December 2025 (30 June 2025: £1.9 million), boosted by a £3.2 million fundraise in October 2025.
**Operational Highlights**
**US Expansion**Expanded CDMO operations in Madison, Wisconsin, with plans for further investment in manufacturing, performance evaluation, and ISO accreditation.
**Major Contracts**Secured a $2.5 million contract in March 2026 for clinical self-test development and regulatory support, adding to a $2 million US contract announced in November 2025.
**Regulatory Services**Revenue grew 49% to £1.9 million, driven by integrated service offerings.
**Innovation**Launched seaweed-based lateral flow housings in partnership with SymbioTex Ltd, emphasizing sustainability.
**Patents**New European patent granted for AppDx® lateral flow smartphone reader, protecting proprietary AI-driven technology.
**Management Changes**Promoted Candice Vendettuoli to Chief Delivery Officer and Natalie Thrush to Chief of Staff to support growth.
**Outlook and Guidance**
**H2 FY26**Expected to be profitable and cash flow positive, with positive adjusted EBITDA.
**FY26 Revenue Guidance**Maintained at £12.6 million (£12.2 million from contracts, £0.4 million from grants).
**FY27 Outlook**Positive, with major CDMO contracts continuing into FY27, providing a strong revenue foundation.
**OTCQB Listing**Shares to begin trading on the OTCQB Venture Market in the US under ticker "ABDXF" to enhance investor accessibility.
**Strategic Focus**
**End-to-End Services**Strengthened by acquisitions of CS Lifesciences and IVDeology, offering comprehensive CDMO, regulatory, and analytical services.
**Sustainability**Commitment to reducing plastic waste in lateral flow products through innovative biobased solutions.
**US Market**Focus on US expansion to capitalize on the growing lateral flow assay market, projected to reach $25.28 billion by 2035.
**Chairman’s Statement**
Dr Chris Hand highlighted substantial revenue growth, strategic investments, and a clear path to profitability. The company’s integrated service offering and strong pipeline position it well for continued growth, with FY27 expected to build on FY26 momentum.
**Conclusion**
Abingdon Health PLC demonstrated robust H1 FY26 performance, with significant revenue growth, strategic advancements, and a positive outlook for H2 FY26 and beyond. The company is well-positioned to capitalize on the lateral flow market’s growth, supported by its expanded US operations, innovative product offerings, and strong contract pipeline.
Here’s an HTML table comparing the financials and debt year on year for Abingdon Health PLC based on the provided text:
MetricH1 FY26 (6 months ended 31 Dec 2025)H1 FY25 (6 months ended 31 Dec 2024)Change
Revenue (Total)£4.5 million£3.1 million+45%
Reported Revenue£4.2 million£3.1 million+37%
Adjusted EBITDA Loss£1.7 million£1.9 millionImproved by £0.2 million
Loss Before Taxation£2.3 million£2.6 millionImproved by £0.3 million
Cash and Cash Equivalents£3.7 million£1.9 million+95%
Debt (Borrowings)£747,000£741,000+0.8%
Regulatory Services Revenue£1.9 million£1.3 million+49%
Contract Development Revenue£1.4 million£0.8 million+91%
Contract Manufacturing Revenue£0.5 million£0.5 million0%
### Key Observations: 1. **Revenue Growth**: Total revenue increased by 45% year-on-year, driven by strong growth in contract development and regulatory services. 2. **Adjusted EBITDA Loss**: Improved by £0.2 million, reflecting the benefit of revenue growth offsetting increased investment. 3. **Cash Position**: Cash and cash equivalents increased significantly due to a successful equity fundraise in October 2025. 4. **Debt**: Borrowings increased slightly by 0.8%, indicating minimal change in debt levels. 5. **Regulatory Services**: Revenue grew by 49%, highlighting the success of the integrated service offering. This table provides a clear comparison of key financial metrics and debt levels between H1 FY26 and H1 FY25.
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Latest RNS 06:01
WIX

Full Year Results 2025

Wickes Group PLC

**Summary of Wickes Group PLC Full Year Results 2025**
Wickes Group PLC reported strong financial performance for the 52 weeks ending December 27, 2025, with total revenue increasing by 5.9% to £1,636.2 million compared to £1,544.5 million in 2024. Adjusted profit before tax (PBT) rose by 14.4% to £49.9 million, surpassing expectations, while statutory PBT increased significantly to £48.7 million from £23.2 million in 2024, aided by operating leverage and productivity improvements.
**Key Financial Highlights**
**Revenue Growth** Retail revenue grew by 6.5% to £1,208.9 million, driven by strong volume growth, particularly in TradePro (9% sales growth) and mid-single-digit growth in DIY sales. Design & Installation revenue increased by 4.4% to £427.3 million, supported by enhancements in kitchen and bathroom offerings.
**Profitability** Adjusted PBT margin improved to 3.0% from 2.8% in 2024, reflecting operational efficiency and cost management. Statutory PBT margin rose to 3.0% from 1.5% in 2024.
**Cash Position** Net cash stood at £91.7 million, up from £86.3 million in 2024, after investments in growth and shareholder returns, including £44.8 million returned to shareholders.
**Dividends and Share Buybacks** A final dividend of 7.3p per share was declared, maintaining the total dividend at 10.9p for the year. A new £10 million share buyback program was announced, in addition to £5-10 million for employee share schemes in 2026.
**Strategic Achievements**
**Market Share Gains** Wickes achieved record market share in Retail, particularly in timber, tiling, flooring, and paint categories.
**TradePro Growth** Active TradePro members increased to 643,000 from 581,000 in 2024, with sales growth driven by strategic partnerships and customer engagement initiatives.
**Design & Installation Momentum** Five consecutive quarters of ordered sales growth and three consecutive quarters of delivered sales growth were recorded, supported by simplified customer journeys and range enhancements.
**Store Expansion** Wickes opened 5 new stores and completed 11 refits/refreshes in 2025, with an ambition to reach 300 stores nationwide, creating over 2,000 new jobs.
**Digital and Technology Investment** Increased investment in technology to enhance customer experience and support future growth, including new design software and unified commerce platforms.
**Current Trading and Outlook**
**2026 Trading** The first 11 weeks of 2026 showed continued volume growth across indoor projects and Design & Installation, despite wet weather impacting outdoor project demand.
**Future Prospects** Wickes remains confident in its growth strategy, focusing on proven levers like store expansion, digital enhancement, and category wins. The company is comfortable with consensus expectations for adjusted PBT in 2026, despite macroeconomic uncertainties.
**Leadership Commentary**
CEO David Wood highlighted the company’s strong strategic progress, record market share gains, and the successful acceleration of store investment for future growth. He emphasized the commitment to enhancing customer experience and expanding Wickes’ footprint across the UK.
**Conclusion**
Wickes Group PLC demonstrated robust financial and operational performance in 2025, underpinned by strategic investments in growth levers, market share gains, and a focus on customer satisfaction. The company is well-positioned for continued growth in 2026, despite external challenges, with a clear strategy to expand its store network and enhance digital capabilities.
Here is the HTML table code comparing the financials and debt year on year for Wickes Group PLC:
Metric2025 (£m)2024 (£m)Change
Total Revenue1,636.21,544.5+5.9%
Adjusted Profit Before Tax49.943.6+14.4%
Statutory Profit Before Tax48.723.2+109.9%
Net Cash Position91.786.3+6.3%
Average Cash Across the Year153.0144.3+6.0%
Final Dividend Declared (pence)7.37.30%
Total Dividend for the Year (pence)10.910.90%
Lease Liability Net Debt(628.1)(619.0)-1.5%
**Notes:** * The table compares key financial metrics and debt for Wickes Group PLC between 2025 and 2024. * The data is extracted from the provided text, which is the Full Year Results 2025 announcement for Wickes Group PLC. * The table includes metrics such as Total Revenue, Adjusted Profit Before Tax, Statutory Profit Before Tax, Net Cash Position, Average Cash Across the Year, Final Dividend Declared, Total Dividend for the Year, and Lease Liability Net Debt. * The "Change" column shows the percentage change between 2025 and 2024 for each metric. * Negative values in the "Lease Liability Net Debt" row indicate a net debt position.
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Latest RNS 06:01
MIDW

2025 Full Year Results

Midwich Group PLC

**Summary of Midwich Group PLCs 2025 Full Year Results:**
Midwich Group PLC, a global specialist audio-visual (AV) distributor, reported its 2025 full-year results, highlighting a return to revenue growth in the second half of the year despite challenging macroeconomic conditions. The company achieved sustained record gross margins of 17.7%, consistent with 2024.
**Financial Highlights**
**Revenue** £1,270.8 million, a slight decrease of 1.5% from 2024 (£1,289.5 million), with a return to growth in the second half.
**Gross Profit** £225.2 million, down 1.6% from £228.8 million in 2024.
**Adjusted Operating Profit** £43.6 million, a 10.7% decline from £48.9 million in 2024, with 60% generated in the second half.
**Adjusted Profit Before Tax** £30.5 million, down 22.1% from £39.1 million in 2024.
**Adjusted EPS** 22.37p, a 17.0% decrease from 26.96p in 2024.
**Adjusted Cash Flow Conversion** 123%, up from 97% in 2024, reflecting improved working capital management.
**Adjusted Net Debt to Adjusted EBITDA Ratio:** 2.17x, slightly up from 2.0x in 2024 but down from 2.5x in H1 2025.
**Operational Highlights**
**Market Share Gains** The company gained market share with key vendors, supported by its diverse product and geographic portfolio.
**Regional Performance** Strong growth in the UK&I due to market share gains and new vendors, despite challenging conditions. Robust performance in EMEA (excluding Germany), with Germany expected to improve from 2026.
**Digital Investments** Progress in digital initiatives, including AI automation and digital platforms, expected to enhance productivity and growth from 2026.
**Dividend Policy** Proposed final dividend of 3.5p and interim dividend of 1.75p, totaling 5.25p for 2025, reflecting a revised dividend policy with a 25% payout ratio of adjusted EPS.
**Strategic Focus**
**Efficiency and Market Positioning** Focused on driving efficiencies and strengthening market positioning in 2025.
**Digital Strategy** Approved a new digital strategy emphasizing agility, AI, and digital solutions to deliver new customer solutions and differentiate from competitors.
**ERP System** Decided to pause the rollout of a global ERP system, prioritizing bespoke digital tools for quicker benefits at lower cost and risk.
**M&A and Organic Growth** Continued focus on organic growth and strategic acquisitions to expand capabilities and geographic reach.
**Outlook**
**2026 Expectations** The Board anticipates a return to profit growth in 2026, supported by actions taken in 2025 and the companys strong market position.
**Long-Term Growth** The global Pro AV market is expected to grow faster than GDP, and Midwich is well-positioned to benefit from this trend, with less than 4% market share in its target addressable market.
**Leadership Changes**
**CFO Transition** Adam Councell appointed as Group CFO, succeeding Stephen Lamb, who left in 2026.
**Board Changes** Mike Ashley retired from the Board in May 2026, with plans to appoint at least one additional independent Non-executive Director.
**Sustainability and Corporate Governance:**
**Sustainability Progress** Enhanced environmental initiatives, including renewable energy investments and science-based carbon targets.
**Diversity and Inclusion** Commitment to diversity in future Director and senior leader appointments.
**Community Engagement** Continued support for community initiatives, with the Gift of AV program raising £325,000 over five years.
**Conclusion**
Midwich Group PLC demonstrated resilience in 2025, navigating challenging conditions while positioning itself for future growth through strategic investments, operational efficiencies, and a focus on digital transformation. The company remains optimistic about its long-term prospects in the growing Pro AV market.
Here is the HTML table code comparing the financials and debt year on year for Midwich Group PLC:
Metric2025 (£m)2024 (£m)Change (%)
Revenue1,270.81,289.5(1.5%)
Gross Profit225.2228.8(1.6%)
Adjusted Operating Profit43.648.9(10.7%)
Adjusted Profit Before Tax30.539.1(22.1%)
Adjusted Net Debt126.0130.6(3.5%)
Adjusted Net Debt to Adjusted EBITDA Ratio2.17x2.0x8.5%
**Key Observations:** * **Revenue and Gross Profit:** Both revenue and gross profit decreased slightly in 2025 compared to 2024, with a 1.5% and 1.6% decline, respectively. * **Adjusted Operating Profit and Adjusted Profit Before Tax:** These metrics saw more significant declines, with adjusted operating profit decreasing by 10.7% and adjusted profit before tax decreasing by 22.1%. * **Adjusted Net Debt:** Adjusted net debt decreased by 3.5% in 2025, indicating improved cash management. * **Adjusted Net Debt to Adjusted EBITDA Ratio:** This ratio increased by 8.5%, suggesting a slight increase in leverage. Note: The percentages in the "Change (%)" column are calculated based on the provided data.
IGP logo
Latest RNS 06:01
IGP

Year End Trading Update

Intercede Group

**Summary**
Intercede Group PLC, a leading cybersecurity software company specializing in digital identities, released its year-end trading update for the financial year ending 31 March 2026 (FY26). The company expects continued growth in Annual Recurring Revenue (ARR) driven by increased support, maintenance revenues, and adoption of subscription-based licensing. However, full-year revenue is anticipated to be 8-9% below market expectations due to procurement delays, particularly in the United States, and customer purchasing deferrals caused by geopolitical uncertainties, including the Middle East conflict. Adjusted EBITDA is expected to be 15-18% below expectations due to reduced revenues and ongoing strategic investments.
Despite these challenges, Intercede emphasizes that delayed opportunities are not lost, with active customer engagements and improved order intake momentum in H2 FY26. The company maintains a strong cash position, a debt-free balance sheet, and reaffirms its FY27 revenue target of £21 million, reflecting confidence in the timing of delayed opportunities converting into orders as conditions stabilize. The strategic shift to a subscription-based model is accelerating, enhancing revenue quality and predictability. CEO Klaas van der Leest highlighted the robustness of the pipeline, the transition to recurring revenue, and the company’s strong financial position, positioning Intercede for long-term growth and shareholder value. A more detailed trading update is scheduled for 9 April 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not provide explicit year-on-year financial data, the table is structured to reflect the key financial metrics mentioned for FY26 and the outlook for FY27, along with the debt status.
MetricFY26 (Expected)FY27 (Target)Debt Status
Revenue£17.2m - £17.5m
(8-9% below £18.7m expectation)		£21mDebt-free
Adjusted EBITDA£3.9m - £4.1m
(15-18% below £4.6m expectation)		N/A
Cash and Cash Equivalents£19.5m - £19.9m
(3-5% above £19.0m expectation)		N/A
Annual Recurring Revenue (ARR)Continued growthContinued growthN/A
### Explanation: 1. **Revenue (FY26)**: Expected to be 8-9% below the £18.7m market expectation, resulting in a range of £17.2m - £17.5m. 2. **Revenue (FY27)**: Targeted at £21m, reaffirming management's confidence in delayed opportunities converting. 3. **Adjusted EBITDA (FY26)**: Expected to be 15-18% below the £4.6m market expectation, resulting in a range of £3.9m - £4.1m. 4. **Cash and Cash Equivalents (FY26)**: Expected to be 3-5% above the £19.0m market expectation, resulting in a range of £19.5m - £19.9m. 5. **Debt Status**: The company maintains a debt-free balance sheet across both years. 6. **ARR**: Continued growth is expected in both FY26 and FY27 as part of the strategic shift to subscription-based models. This table provides a clear comparison of the key financial metrics and debt status for FY26 and FY27 based on the provided information.
FNX logo
Latest RNS 06:01
FNX

Interim Results

Fonix Mobile plc

**Summary of Fonix PLC Interim Results for H1 FY26 (6 months ended 31 December 2025)**
**Financial Highlights**
**Gross Profit** Increased by 7.1% to £10.5 million (H1 FY25: £9.8 million).
**Adjusted EBITDA** Rose by 6.4% to £8.3 million (H1 FY25: £7.8 million).
**Interim Dividend** Increased to 3.10p per share (H1 FY25: 2.90p), in line with the progressive dividend policy.
**Adjusted PBT** Grew by 2.6% to £8.0 million (H1 FY25: £7.8 million).
**Adjusted EPS** Remained stable at 6.2p (H1 FY25: 6.2p).
**Underlying Cash** Decreased by 16.4% to £9.2 million (H1 FY25: £11.0 million), primarily due to increased shareholder distributions.
**Operational Highlights**
1. **International Expansion**
Successfully launched services in **Portugal** with a leading national broadcaster, showing early traction.
Pilot of interactive services in a **third European market** is underway.
Commenced expansion into a **fourth European market**, targeting service launch in FY27.
2. **Product Progress**
**Campaign Manager** Enhanced with infrastructure upgrades for scalability and international support.
**PayFlex** Expanded to Ireland and two UK broadcasters, with plans for broader rollout.
**CompsPortal** First customer launch in December 2025, with encouraging user engagement.
**RichMessaging** Successful RCS messaging pilots with UK broadcasters, leading to expanded trials.
3. **Partnerships**
Extended contract with **ITV** for live broadcast interactivity services, now in its tenth year.
Maintained high client retention (>99% recurring income).
4. **Platform Performance**
Achieved 100% platform uptime throughout the period.
All key service lines (mobile payments, messaging, managed services) grew during the period.
**Outlook**
Continued momentum in core UK and Ireland markets, with encouraging international progress.
Strong pipeline of enterprise opportunities and focus on product innovation (PayFlex, CompsPortal, RichMessaging).
Board remains confident in delivering sustainable gross profit growth and long-term shareholder value, despite UK tax changes affecting certain gaming operators (which represent <6% of gross profit).
**CEO’s Commentary (Rob Weisz)**
Highlighted strong H1 performance driven by product innovation, international expansion, and long-standing partnerships.
Emphasized resilience in the business model, with high recurring income and structural barriers to entry.
Acknowledged the potential impact of AI technologies and Fonix’s proactive integration of AI into its operations.
**Key Financial Metrics**
**Revenue** Grew by 9% to £42.3 million (H1 FY25: £38.8 million).
**Gross Profit Margins** Slightly decreased to 24.9% (H1 FY25: 25.2%) due to revenue mix changes.
**Total Payment Volumes (TPV)** Increased by 6.7% to £160 million (H1 FY25: £150 million).
**Strategic Growth Pillars**
1. **Technological Innovation** Focus on PayFlex, CompsPortal, and RichMessaging to drive revenue growth.
2. **International Expansion** Client-led expansion into Portugal, third, and fourth European markets.
3. **Sustainable Profitability** Commitment to long-term profitability and shareholder value creation.
**Conclusion**
Fonix PLC delivered a robust H1 FY26 performance, underpinned by strong financial results, strategic international expansion, and product innovation. The company remains well-positioned for sustainable growth, with a resilient business model and a clear focus on long-term value creation.
Here is the HTML table code comparing the financials and debt year on year for Fonix PLC:
MetricH1 FY26 (£'000)H1 FY25 (£'000)Change
Gross Profit10,5359,764+7.9%
Adjusted EBITDA8,3007,800+6.4%
Adjusted PBT8,0057,865+1.8%
Underlying Cash9,20011,000-16.4%
Total Payment Volumes (TPV)160,000150,000+6.7%
Revenue42,33438,750+9.2%
Adjusted EPS (pence)6.26.20.0%
Interim DPS (pence)3.12.9+6.9%

Note: Debt information is not explicitly mentioned in the provided text. The table above focuses on key financial metrics and their year-on-year changes.

This table summarizes the key financial metrics for Fonix PLC, comparing H1 FY26 with H1 FY25. The metrics include Gross Profit, Adjusted EBITDA, Adjusted PBT, Underlying Cash, Total Payment Volumes, Revenue, Adjusted EPS, and Interim DPS. The changes are calculated as percentages. Since debt information is not provided in the text, it is not included in the table.
BRWM logo
Latest RNS 06:01
BRWM

Final Results

Blackrock World Mining Trust Plc

**Summary**
BlackRock World Mining Trust plc (the "Company") released its final results for the year ended 31 December 2025, highlighting a strong performance driven by positive demand trends from AI infrastructure build-out, energy transition, and precious metals demand. The Company reported a net asset value (NAV) total return of 74.2%, outperforming the reference index and FTSE All-Share Index. The share price total return was 74.1%.
**Key Highlights**
**Performance** The Companys NAV total return was 74.2%, compared to 64.2% for the reference index and 24.0% for the FTSE All-Share Index. The share price total return was 74.1%.
**Dividends** A proposed final dividend of 7.50p per share, making a total of 24.00p per share for the year, representing a 4.3% increase from 2024.
**Portfolio** The Companys portfolio manager effectively managed exposure to commodities, precious metals, and unquoted assets, contributing to the strong performance.
**Gearing** The Company operated with a flexible gearing policy, with a maximum gearing of 13.6% and an average gearing of 8.8% during the year.
**Share Buybacks** The Company repurchased 4,335,000 shares at an average discount of 8.7% to NAV, with further buybacks post-year end.
**Chairmans Statement**
The Chairman, Chip Goodyear, attributed the Companys success to its nimble "virtual mining company" approach, allowing it to adapt to market conditions and capitalize on opportunities. The Companys performance was driven by strong demand for critical minerals, precious metals, and its ability to manage exposure to various commodities.
**Investment Managers Report**
The Investment Manager highlighted the Companys stellar performance, driven by positive demand trends, supply-side disruptions, and the critical minerals agenda. The Companys NAV total return was 74.2%, and the share price total return was 74.1%. Key contributors to performance included positions in Hycroft Mining, Kinross Gold, and the sale of the BHP Brazil Royalty.
**Outlook**
The Company expects commodity markets to remain strong, driven by continued demand for critical minerals and precious metals. However, key risks include geopolitical fluctuations, slow growth in China, and concentration of capital spending related to technology and AI.
**Financials**
**Net Asset Value (NAV):** £1598428000 (2024: £975199000)
**Revenue Profit:** £45867000 (2024: £44127000)
**Total Comprehensive Income:** £688590000 (2024: Loss of £119941000)
**Dividends Paid:** £43260000 (2024: £64037000)
**Conclusion**
BlackRock World Mining Trust plc delivered a strong performance in 2025, driven by its ability to adapt to market conditions and capitalize on opportunities in the mining sector. The Companys focus on critical minerals, precious metals, and its nimble approach contributed to its success. Despite potential risks, the Company is well-positioned to continue delivering strong returns in the future.
Here is a comparison of the financials and debt year on year for BlackRock World Mining Trust plc, presented as an HTML table:
Metric20252024Change
Net Assets (£'000)1,598,428975,199+63.9%
Net Asset Value per Share (pence)856.23510.53+67.7%
Ordinary Share Price (pence)804.00481.00+67.2%
Net Revenue Profit after Taxation (£'000)45,86744,127+3.9%
Total Dividends per Share (pence)24.0023.00+4.3%
Bank Loans (£'000)96,651135,739-28.8%
**Notes:** * The net assets and net asset value per share increased significantly in 2025, driven by strong performance in the mining sector and positive demand trends. * The ordinary share price also increased substantially, reflecting the strong performance of the underlying portfolio. * Net revenue profit after taxation increased slightly, while total dividends per share increased by 4.3%. * Bank loans decreased by 28.8%, indicating a reduction in debt levels. This table provides a concise overview of the key financials and debt metrics for BlackRock World Mining Trust plc, highlighting the significant improvements in 2025 compared to 2024.
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Market AI · 2026-03-17

LONDON MARKET CLOSE: Stocks and pound rise; US rate call approaches

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Market AI · 2026-03-17

LONDON MARKET MIDDAY: FTSE 100 strengthens despite ongoing uncertainty

FTSE 100 Performance: Up 71.85 points (0.7%) at 10,389.54, outperforming despite Middle East conflict and high oil prices. European Markets: CAC 40 (Paris) up 0.6%, DAX 40 (Frankfurt) up 0.3%. Currency Movements:…

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LONDON BROKER RATINGS: Barclays cuts Unite Group to 'equal weight'

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Market AI · 2026-03-17

LONDON MARKET OPEN: FTSE 100 outperforms Europe as oil rises

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LONDON MARKET EARLY CALL: FTSE 100 to edge lower as oil rise continues

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Fundamentals
Market cap · broker target · float · valuation ratios · sector context
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Financials

SGE

Earnings lensCheck if today's RNS changes revenue timing, cash conversion or funding pressure — then confirm against historical trend.
Balance-sheet lensPrioritise net cash position, debt covenants, working capital and capex direction before acting on price momentum.
Forecast lensRevenue quarterly table, EPS, PE ratios, enterprise value multiples and analyst revisions load with the selected ticker.
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P&L / Financials
Revenue · income · cash flow · leverage · EPS · PE ratios
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Structure DNA

SGE

MarketALL-MARKETS
Up Count0
RNS Today502
Float structure Ownership pattern TR1 flow Re-rating potential
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Structure DNA
Float · shares out · long/short interest · ownership concentration
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RNS Today502
Up0
Down0
💎
Capital Radar
Broker targets · director dealing · TR1 flow · institution holders · market position
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Short Data

SGE

RNS Today502
MarketALL-MARKETS
AI Net0
Short pressure lensShort data matters most when it conflicts with fresh catalysts — high short interest plus a positive RNS is a squeeze candidate. Low short interest plus bad news has less bounce risk.
🎯
Short Data
Holder positions · % float shorted · borrow cost · squeeze candidates
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Volatility Lab

SGE

Movers1
News502
Up0
Execution lensATR defines stop width. Use it to judge whether today's RNS triggered a clean breakout or noise within the daily range.
Volume confirmsVolume expansion on catalyst day is the key signal — high volume on break through resistance confirms the move; low volume warns of fade.
⚡
Volatility Lab
ATR · realized range · volume profile · reaction zones · breakout confirmation
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Ask AI
Chart context · RNS news · support/resistance · MACD · catalyst risk — all live
Target path News risk Invalidation Capital flow