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49 types
All Market News Today All digested RNS titles 533
EARN logo EARN

Holding(s) in Company

EARNZ plc

TR1 Buy
['UBS Group AG - Investment Bank & Global Wealth Management', '6.199871', '5.888713']
EARN logo EARN

Holding(s) in Company

EARNZ plc

TR1 Buy
['UBS Group AG - Investment Bank & Global Wealth Management', '5.888713', '6.199871']
CNE logo CNE

Statement regarding press speculation

Capricorn Energy PLC

Capricorn Energy PLC confirms receiving multiple proposals from Dragon Oil to acquire its Western Desert assets but believes the la<mark style="background-color:yellow">test</mark> offer undervalues them. The company has not received a proposal for a full acquisition. The Board remains focused on maximizing shareholder value.
Speculation
PHI logo PHI

Holding(s) in Company

Pacific Horizon Investment Trust

TR1 Buy
['City of London Investment Management Company Limited', '14.980000', '15.950000']
IAD logo IAD

Holding(s) in Company

Invesco Asia Dragon Trust plc

TR1 Buy
['City of London Investment Management Company Limited', '22.010000', '21.997000']
TRST logo TRST

Holding(s) in Company

Trustpilot Group PLC

TR1 Buy
['Advent Global Opportunities Master Limited Partnership', '0.064104', '5.249837']
IPF logo IPF

Form 8.3

International Personal Finance PLC

GMET logo GMET

Closing of U.S. Initial Public Offering

Guardian Metal Resources PLC

Guardian Metal Resources PLC successfully closed its U.S. initial public offering (IPO) on March 24, 2026, issuing 4,444,400 American Depositary Shares (ADSs) at $13.50 each, representing 22,222,000 ordinary shares. The underwriters exercised their over-allotment option for an additional 611,553 ADSs, totaling 3,057,765 ordinary shares. Gross proceeds reached approximately $68.3 million. The ADSs were admitted to trading on AIM, with the over-allotment shares admitted the following day. The company, focused on tungsten exploration in Nevada, U.S., has 194,007,981 ordinary shares post-admission, with BMO Capital Markets as lead book-running manager. The offering was conducted via a prospectus filed with the SEC, and the announcement includes forward-looking statements and regulatory disclaimers.
Offers
IPF logo IPF

Form 8.3

International Personal Finance PLC

VOF logo VOF

Holding(s) in Company

VinaCapital Vietnam Opportunity Fund

TR1 Buy
['City of London Investment Management Company Limited', '14.070000', '13.010000']
BBH logo BBH

Holding(s) in Company

Bellevue Healthcare Trust PLC

TR1 Buy
['Evelyn Partners Limited', '1.498960', '5.002842']
IPF logo IPF

Form 8.3

International Personal Finance PLC

AIRE logo AIRE

Statement regarding possible offer

Alternative Income REIT PLC

Alternative Income REIT plc (AIRE) has received an indicative, non-binding proposal from AEW UK REIT plc (AEW) for a possible all-share offer, based on an exchange ratio tied to net asset values, adjusted for costs and dividends, with a 3% discount to AIREs net asset value. AIREs board is evaluating the proposal with advisors, and AEW must decide by April 21, 2026, whether to proceed with a firm offer or withdraw. Shareholders are advised to take no action at this time. The announcement triggers disclosure requirements under the City Code on Takeovers and Mergers, and the information constitutes inside information under Market Abuse Regulations.
Offers
TGA logo TGA

TR-1: Notification of Major Holdings

Thungela Resources Limited

<mark style="background-coloryellow">TR1</mark> Buy
['Allan Gray Proprietary Limited - Clients', '8.6416', '10,0180']
HTWS logo HTWS

LAUNCH OF OFFER OF SENIOR NOTES

Helios Towers Plc

Helios Towers PLC, through its subsidiary HTA Group, Ltd, announced the launch of an offering of fixed-rate senior notes, guaranteed by the company and certain subsidiaries. The proceeds will be used to prepay $445 million in term facilities, for general corporate purposes, and to cover related fees. British International Investment plc (BII), DEG-Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG), and International Finance Corporation (IFC) have expressed interest in purchasing portions of the notes, with allocations ranging from $20 million to $75 million. The offering is restricted to non-U.S. and non-retail investors, with no public offering in the U.S. or EEA/UK retail markets. Stabilization measures may be employed post-issuance. The announcement includes forward-looking statements subject to risks and uncertainties.
Launch
PTSB logo PTSB

Holding(s) in Company

Permanent TSB Group Holdings PLC

TR1 Buy
['The Goldman Sachs Group, Inc.', '3.61', '3.58']
PCTN logo PCTN

Response to Press Speculation

Picton Property Income Ltd

Picton Property Income Limited responds to press speculation regarding its ongoing Strategic Review and Formal Sale Process, confirming a consortium of LondonMetric Property PLC and Schroder Real Estate Investment Trust Limited is among interested parties. No firm offer has been made, and there is no certainty of terms or completion. The company will update the market as appropriate, adhering to regulatory requirements.
Speculation
TTE logo TTE

United States: TotalEnergies Signs Agreements with U.S. Department of Interior to End its U.S. Offshore Wind Projects

TotalEnergies SE

TotalEnergies has signed agreements with the U.S. Department of the Interior to end its U.S. offshore wind projects, relinquishing leases in Carolina Long Bay and New York Bight. The company will recover lease fees and reinvest an equal amount in U.S. gas and power production, including LNG exports. TotalEnergies cited high costs and potential negative impacts on U.S. power affordability as reasons for exiting offshore wind, opting instead to focus on more affordable energy solutions. The company also announced a Letter of Intent for LNG offtake from the Alaska LNG project and highlighted its significant investments in U.S. oil, LNG, and electricity sectors.
Agreement
BMY logo BMY

Holding(s) in Company

Bloomsbury Publishing Plc

TR1 Buy
['JPMorgan Asset Management Holdings Inc.', '4.751321', '4.811441']
XAR logo XAR

Final Results

Xaar plc

Xaar PLC, an inkjet printing technology group, reported its audited results for the year ended 31 December 2025. Key highlights include
Revenue from continuing operations increased by 12% to £60.1 million, with printhead revenue up 22% to £43.0 million.
Adjusted profit before tax from continuing operations was £0.8 million, compared to a loss of £1.0 million in 2024.
Net cash decreased to £4.9 million, after investing £2.0 million in capex and £0.9 million in share purchases.
R&D investment remained consistent at around 10% of revenue.
The company achieved a commercial breakthrough in the jewellery wax 3D printing market and made progress in other key development projects.
A new facility was opened in Dongguan, China, for ink-delivery manufacturing, customer demonstration, and supply-chain optimization.
Gross margins improved to 40%, and adjusted EBITDA increased by 56% to £3.5 million.
The company ended the year with a healthy order book and is well-positioned for further progress in 2026 and beyond.
Financial Metric20242025Change
Revenue from Continuing Operations (£ million)53.860.1+12%
Printhead Revenue (£ million)35.243.0+22%
Adjusted Profit Before Tax (£ million)(1.0)0.8+179%
Net Cash (£ million)8.24.9-40%
Gross Margin (%)37%40%+3%
Adjusted EBITDA (£ million)2.23.5+56%
Reported Loss for the Period (£ million)(8.6)(3.0)-65%
Loss from Discontinued Operations (£ million)(2.3)(0.4)-84%
Adjusted Earnings per Share (pence)0.71.1+0.4p
Basic Loss per Share (pence)(13.7)(4.3)+9.4p
PGH logo PGH

Preliminary Results and Final Dividend

Personal Group Holdings PLC

Personal Group Holdings PLC reported strong preliminary results for the year ended 31 December 2025, with double-digit revenue growth and adjusted EBITDA ahead of market expectations. Key highlights include
**Revenue Growth**Group revenue increased by 11% to £48.4 million, driven by growth across all divisions.
**Recurring Revenue**Annualised recurring revenue (ARR) rose by 12% to £48.6 million, with over 90% of revenue derived from recurring sources like insurance and SaaS subscriptions.
**Adjusted EBITDA**Up 22% to £12.1 million, surpassing market expectations of £11.6 million.
**Profitability**Profit before tax increased by 23% to £8.4 million, and basic EPS grew by 32% to 23.3p.
**Dividend**A 41% increase in the full-year dividend to 23.3p per share, reflecting strong cash generation and confidence in the business model.
**Operational Performance**Record insurance sales, strong customer retention (81.7%), and new client wins (e.g., Avery, Securitas, Harbour Healthcare) expanded the addressable customer base.
**Strategic Progress**Continued uptake of the Benefits & Rewards platform, renewed partnerships (e.g., Sage), and new digital insurance offerings.
**Balance Sheet**Strong liquidity with £29.0 million in cash and no debt, positioning the Group well for future growth.
**Outlook**Confidence in achieving 2030 aspirations of £100 million revenue, £30 million EBITDA, and £20 million SaaS ARR, supported by strategic pillars of Adoption, Expansion, Innovation, and Partnering.
The Group remains focused on delivering meaningful impact for employers and employees, particularly in a challenging economic environment.
Year-on-Year Financial and Debt Comparison (2024 vs 2025)
Metric20242025Change
Group Revenue (£'000)43,80048,400+11%
Adjusted EBITDA (£'000)10,00012,100+21%
Profit Before Tax (£'000)6,8008,400+23%
Basic EPS (pence)17.723.3+32%
Cash and Bank Deposits (£'000)27,40029,000+6%
DebtNoneNoneNo Change
Final Dividend (pence per share)16.523.3+41%
STAF logo STAF

Launch of Share Buy-back

Staffline Group Plc

Staffline Group PLC announces the launch of a share buyback program, intending to purchase up to 4,971,315 ordinary shares at 10 pence each, with shares to be cancelled post-purchase. The buyback aims to enhance shareholder value, aligned with the companys disciplined capital allocation strategy, considering growth, investments, cash generation, and leverage. The program operates under shareholder authority granted at the 2025 AGM, with specific price and volume limits, and Panmure Liberum appointed to execute purchases. The buyback may exceed EU volume restrictions, potentially falling outside safe harbour provisions. Staffline, a leading UK recruitment group, operates in Recruitment GB and Recruitment Ireland, supplying flexible workers across various industries.
Launch
FEVR logo FEVR

FY25 Preliminary Results to 31 December 2025

Fevertree Drinks Plc

Fevertree Drinks PLCs preliminary results for FY25 (ending December 31, 2025) highlight positive strategic progress, with Fever-Tree brand revenue growing 4% year-on-year (constant currency), accelerating to 5% in H2. Diversification efforts are gaining traction, with 45% of group revenue now from products beyond tonic. The US market showed strong momentum despite the Molson Coors transition, positioning the company for accelerated growth in 2026. UK revenue dipped 2%, but performance improved in H2, driven by strong Off-Trade sales. Europe maintained market share gains, with Ginger Beer as a standout performer. Adjusted EBITDA, excluding a £2.8m provision for the UK EPR Levy, was £45.2m, in line with guidance. The company completed a £100m share buyback and initiated a further £30m buyback, reflecting its cash generative model. Despite geopolitical uncertainties, Fevertree remains confident in its 2026 outlook, aligning with market expectations.
MetricFY25FY24YoY ChangeConstant Currency Change
Revenue
US£131.9m£128.0m3%6%
UK£108.4m£111.1m-2%-2%
Europe (Fever-Tree brand revenue)£94.7m£92.7m2%2%
ROW£37.7m£32.2m17%22%
Total Adjusted Fever-Tree Revenue£372.7m£364.0m2%4%
GDP brand revenue£2.6m£4.5m-42%-43%
Total Adjusted Revenue£375.3m£368.5m2%3%
Profitability
Adjusted EBITDA£42.4m£50.7m-16%-
Adjusted EBITDA margin11.3%13.7%-240bps-
Earnings
Diluted EPS (pence per share)18.62p20.85p-11%-
Normalised EPS (pence per share)24.12p28.01p-14%-
Dividends
Ordinary Dividend (pence per share)17.31p16.97p2%-
Cash
Cash£91.1m£96.0m-5%-
BOOT logo BOOT

Final Results

Henry Boot PLC

Henry Boot PLC, a UK-based land, property development, and home building company, reported its final results for the year ended 31 December 2025. The company demonstrated resilience in challenging markets, achieving record land sales and laying a strong foundation for future growth. Key highlights include
**Financial Performance**Total land and property sales reached £356 million, with a share of £193 million, driven by strong demand for high-quality residential land. Revenue was marginally lower at £307.0 million due to reduced home building turnover, partially offset by higher land promotion sales. Profit before tax was £29.1 million, broadly in line with market expectations, supported by record plot sales.
**Operational Achievements**
**Land Promotion**Hallam Land achieved record sales of 3,957 plots, increasing operating profit by 35% to £32.9 million. Planning consents were secured for 4,159 plots, growing the consented land bank to 9,024 plots.
**Property Investment & Development**Delivered an operating profit of £9.4 million, with a £1.7 billion development pipeline, 55% of which is in Industrial and Logistics (I&L).
**Home Building**Increased ownership in Stonebridge Homes to 62.5%, with a focus on professionalizing and integrating the business. Despite slower sales and cost overruns, net private weekly reservation rates improved to 0.43 by March 2026.
**Strategic Initiatives**
Sold Henry Boot Construction to streamline the group and sharpen strategic focus.
Launched the Future Ways of Working programme to improve efficiencies and collaboration.
Increased ownership in Stonebridge Homes to 62.5%, with plans to reach full ownership by 2030.
**Financial Position**Net Asset Value (NAV) per share remained broadly unchanged at 312p. Net debt increased to £108.0 million due to investment in Stonebridge Homes land bank and the reduction in cash from the sale of Henry Boot Construction.
**Dividend**Proposed a final dividend of 4.62p, bringing the total dividend for the year to 7.86p, a 2.1% increase.
**Outlook**The company expects sustained demand for high-quality residential land and signs of improvement in Stonebridge Homes. Performance is anticipated to be second-half weighted in 2026, with a strong balance sheet and development pipeline positioning the company well for future growth.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Total Revenue (£'m)325.8307.0-6%
Profit Before Tax (£'m)30.729.1-5%
Net Debt (£'m)62.7108.0+72%
Gearing (%)14.725.7+75%
Net Asset Value (NAV) per share (p)3123120%
Total Dividend per share (p)7.707.86+2.1%
**Key Observations:** - **Revenue Decline:** Total revenue decreased by 6% from £325.8m in 2024 to £307.0m in 2025, primarily due to reduced turnover in the home building segment. - **Profit Before Tax:** Profit before tax marginally decreased by 5% from £30.7m in 2024 to £29.1m in 2025, supported by record plot sales and the initial profit recognition on the disposal of Henry Boot Construction. - **Net Debt Increase:** Net debt significantly increased by 72% from £62.7m in 2024 to £108.0m in 2025, driven by the investment in Stonebridge Homes' land bank and the reduction in cash from the sale of Henry Boot Construction. - **Gearing Increase:** Gearing increased by 75% from 14.7% in 2024 to 25.7% in 2025, reflecting the higher net debt level. - **NAV per Share Stability:** Net Asset Value (NAV) per share remained stable at 312p in both years. - **Dividend Increase:** The total dividend per share increased by 2.1% from 7.70p in 2024 to 7.86p in 2025.
DIS logo DIS

Trading Update

Distil Plc

Distil PLC reports significantly lower-than-expected Q4 and full-year revenues due to softer sales, higher stock levels in the trade, and economic pressures. Despite increased end-customer sales, overall performance is impacted by reduced consumer spending, duty increases, and delayed US distribution of Blavod black vodka. The company faces short-term funding needs and is exploring options to address them. Ardgowan Distillery faces production delays due to power supply issues, impacting funding drawdowns, with resolution expected by year-end. Promotional activities and cost reductions are underway to mitigate sales decline.
Financial Metric20252026Change
RevenueNot ProvidedMaterially Below Market ExpectationsSignificant Decline
Loss Before TaxNot ProvidedGreater Than AnticipatedIncreased Loss
UK Sales (Distributor to Customers)Not Provided+51% YoY (First Two Months of 2026)Growth
RedLeg Consumer Sales (Grocery)Not Provided+36% YoY (Christmas Period)Growth, but Below Forecast
UK Spirits Market ValueNot Provided-0.9% (12 Weeks to w/e 3 Jan 2026)Decline
Debt Funding (Ardgowan)£3m Convertible Loan NotesDelayed Due to Production IssuesFunding Gap
CNS logo CNS

Final Results

Corero Network Security plc

Corero Network Security PLC reported its final results for the year ended 31 December 2025, highlighting strong sales traction and EBITDA growth in H2 2025, ahead of market expectations. Key financial highlights include revenues of $25.5 million (up from $24.6 million in FY 2024), EBITDA of $1.5 million, and adjusted EBITDA of $2.0 million. Annual Recurring Revenues (ARR) increased by 23% to $23.9 million, driven by strong demand for subscription-based and DDoS Protection as-a-Service (DDPaaS) products. Order intake grew by 20% to $33.8 million, with a 98% customer retention rate. Despite a loss before taxation of $0.7 million, the company demonstrated positive cash generation in H2 2025 and ended the year with net cash of $4.0 million. Operationally, Corero secured significant customer renewals and expansions, including a $6.8 million deal with a leading US cloud computing provider. The company also expanded its global footprint, particularly in Latin America and the Middle East, through strategic partnerships and new customer wins. Management remains confident in delivering sustained ARR growth and transitioning to a subscription-based model, despite global economic uncertainties. The DDoS market remains buoyant, driven by increasing cyber threats and regulatory demands, positioning Corero for future growth.
Financial Metric2025 ($'000)2024 ($'000)Year-on-Year Change
Revenue25,49924,559+3.8%
EBITDA1,4942,500-40.2%
Adjusted EBITDA2,0003,000-33.3%
Annual Recurring Revenues (ARR)23,90019,500+22.6%
Order Intake33,80028,200+19.9%
Net Cash4,0345,321-24.2%
Gross Margins90%91%-1.1%
Loss Before Taxation(653)555N/A (Loss vs Profit)
### Key Observations: 1. **Revenue Growth**: Revenue increased by 3.8% year-on-year, driven by strong sales traction in H2 2025. 2. **EBITDA and Adjusted EBITDA Decline**: Both EBITDA and Adjusted EBITDA decreased significantly, reflecting higher operating expenses and the transition to a subscription-based model. 3. **ARR Growth**: ARR grew by 22.6%, indicating strong demand for subscription-based and DDPaaS products. 4. **Order Intake Increase**: Order intake increased by 19.9%, supported by strong momentum in H2 2025. 5. **Net Cash Decrease**: Net cash decreased by 24.2%, despite positive cash generation in H2 2025, likely due to increased investment in R&D and new product development. 6. **Gross Margins**: Gross margins slightly decreased by 1.1%, possibly due to changes in product mix and increased costs. 7. **Loss Before Taxation**: The company moved from a profit to a loss before taxation, reflecting higher operating expenses and the impact of the subscription-based model transition.
STAF logo STAF

2025 Audited Results

Staffline Group Plc

**Summary**
Staffline Group PLC reported strong FY 2025 results, significantly exceeding market expectations. Key highlights include
**Financial Performance** Revenue grew by 11.5% to £1,106.7 million, gross profit increased by 10.6% to £78.3 million, and operating profit surged by 31.3% to £13.0 million. Profit before taxation rose by 48.0% to £7.4 million, and profit after tax (total activities) increased by 157.8% to £4.8 million.
**Operational Strength** The company achieved organic market share growth, particularly in the UK temporary recruitment sector, and secured a significant new strategic partnership with a leading logistics provider.
**Divisional Performance** Recruitment GB division saw revenue growth of 13.6% and operating profit growth of 30.0%. Recruitment Ireland achieved 10.3% growth in permanent white-collar recruitment fees.
**Strategic Focus** The disposal of PeoplePlus in February 2025 transformed Staffline into a pure-play recruitment specialist, enhancing its market-leading position.
**Balance Sheet and Shareholder Returns** The company maintained a strong balance sheet, supporting a share buyback program. Net cash (pre-IFRS 16) was £1.5 million, and the company reduced its share count by 13% during the year.
**Outlook** Management remains cautiously optimistic for FY 2026, expecting continued growth despite macroeconomic risks, driven by defensive markets and a healthy new business pipeline.
Overall, Stafflines exceptional performance in FY 2025 reflects its successful strategy, operational efficiency, and focus on organic growth, positioning it well for future expansion.
Metric20242025Change
Revenue (£m)992.91,106.7+11.5%
Gross Profit (£m)70.878.3+10.6%
Operating Profit (£m)9.913.0+31.3%
Profit Before Taxation (£m)5.07.4+48.0%
Profit After Tax (£m)(8.3)4.8+157.8%
EBITDA (£m)12.416.5+33.1%
Net Cash (pre-IFRS 16) (£m)9.61.5-£8.1m
Net (Debt)/Cash (post-IFRS 16) (£m)4.9(2.5)-£7.4m
CSN logo CSN

Final Results

Chesnara

**Summary**
Chesnara PLCs 2025 full-year results highlight a transformative year marked by strategic acquisitions, robust financial performance, and operational excellence. The company reported significant growth across key metrics, driven by disciplined operational delivery and exceptional capital markets activity.
**Financial Highlights**
**Cash** Operating Capital Generation (OCG) increased by 19% to £94m, and Cash Remittances rose by 30% to £58m.
**Capital** Solvency Coverage Ratio improved to 257%, and Own Funds grew by 34% to £859m.
**Value** Adjusted Operating Profit (AOP) surged by 42% to £56m, and Assets under Administration (AUA) increased by 10% to £15bn.
**Strategic Milestones**
**Acquisitions** Completed the acquisition of HSBC Life (UK) in January 2026, rebranded as Chesnara Life, and announced the acquisition of Scottish Widows Europe SA in February 2026, expanding into Luxembourg.
**Integrations** UK integrations, including Chesnara Life, are progressing well, and Dutch entities were successfully merged, simplifying the footprint.
**Capital Raises** Successfully raised £140m in equity and £150m in RT1 bonds, supporting future growth and M&A activities.
**Dividend** Recommended a 6% increase in the final dividend to 14.80p per share, with a total dividend for FY 2025 of 22.50p per share.
**Operational Performance**
**UK** Continued implementation of the Transition and Transformation program, with four migrations completed and planning underway for Chesnara Life integration.
**Sweden** Strong growth in the custodian business, supported by new partnerships and distribution agreements.
**Netherlands** Completed the legal merger of Scildon and Waard, with further integration planned to realize synergies.
**Sustainability**
Published the first Climate Transition Plan in September 2025, outlining steps to achieve net-zero emissions by 2050.
**Outlook**
The company expects further opportunities for growth, supported by a robust M&A pipeline and a strong track record of disciplined execution. The addition of Chesnara Life and Scottish Widows Europe SA is anticipated to enhance resilience and long-term Operating Capital Generation potential.
Chesnaras 2025 results demonstrate its ability to deliver strong financial performance while executing strategic initiatives, positioning the company for continued growth and value creation.
Here is the comparison of financials and debt year on year in an HTML table format:
MetricFY 2025FY 2024% Change
Operating Capital Generation (OCG)£94m£79m19%
Cash Remittances£58m£45m30%
Solvency Coverage Ratio257%203%54ppts
Own Funds£859m£643m34%
Adjusted Operating Profit (AOP)£56m£39m42%
Assets under Administration (AUA)£15bn£14bn10%
IFRS Profit Before Tax£19m£21m(9%)
IFRS Capital Base£694m£449m55%
Leverage22%31%(29%)

Note: Debt information is not explicitly provided in the text, but the Leverage ratio is included as a proxy for debt levels.

This table compares the key financial metrics for Chesnara PLC between FY 2025 and FY 2024, showing the percentage change year on year. The leverage ratio is included as a proxy for debt levels, although explicit debt figures are not provided in the text.
PZC logo PZC

Q3 TRADING UPDATE

PZ Cussons PLC

PZ Cussons PLC reported strong Q3 trading performance with 6.3% like-for-like revenue growth, continuing the positive momentum from the first half of FY26. The company expects full-year adjusted operating profit to be at the upper end of its £53-57 million guidance range, supported by stable Nigerian Naira exchange rates and effective cost management. Management has taken steps to reduce sensitivity to currency fluctuations, though final results remain subject to exchange rate movements. FY26 results will be announced on 6 August 2026.
MetricQ3 FY26H1 FY26Year-on-Year Change
Group LFL Revenue Growth6.3%9.5%Decrease (from 9.5% to 6.3%)
Reported Revenue Growth5.0%8.0%Decrease (from 8.0% to 5.0%)
Adjusted Operating Profit GuidanceUpper end of £53-57 million£53-57 millionNo change, but expectation moved to upper end
Debt Sensitivity to Nigerian NairaReducedNot specifiedImproved (due to management actions)
TMT logo TMT

Final Results and Notice of AGM

TMT Investments PLC

TMT Investments PLC, a venture capital company investing in high-growth technology firms, reported its final results for the year ended 31 December 2025. Key highlights include a net asset value (NAV) per share of US$7.13, up 8.9% year-on-year, and a total NAV of US$220.8 million. The company achieved an internal rate of return (IRR) of 14% per annum since inception. TMT made US$1.5 million in additional investments in 2025 and received US$5.5 million from cash disposals and dividends, including significant gains from Scale AI and partial disposals of Bolt and Backblaze. The company also completed a US$1.7 million share buyback program. Despite macroeconomic challenges, TMTs portfolio demonstrated resilience, with positive revaluations in seven companies offset by write-downs in nine others. The company maintained a cautious investment approach, adding two new companies to its portfolio. TMT ended the year with US$5.0 million in cash reserves and no financial debt, positioning it well to navigate market volatility and pursue strategic investments. The Annual General Meeting is scheduled for 19 May 2026.
Financial Metric20242025Year-on-Year Change
NAV per share (US$)6.557.13+8.9%
Total NAV (US$ million)205.9220.8+7.2%
IRR from inception (%)14.514-3.4%
Additional investments (US$ million)5.91.5-74.6%
Cash disposals and dividends received (US$ million)5.95.5-6.8%
Cash and cash equivalents (US$ million)5.25.0-3.8%
Debt (US$ million)000%
YOU logo YOU

Results for the six months to 31 January 2026

YouGov plc

YouGov PLCs half-year report for the six months ended 31 January 2026 highlights a resilient performance with 2% revenue growth to £194.8 million, driven by sustained demand in the Research division. Statutory operating profit grew by 14% to £16.8 million, while adjusted operating profit decreased by 20% to £24.0 million due to investments in the Shopper division and strategic areas. The company maintained a solid balance sheet with £32.8 million in cash and a leverage ratio of 2.1x net debt to EBITDA.
Key operational highlights include a focus on strengthening core Data Products, good performance in the Research division, and targeted investment in the Shopper business. The company also launched AI-driven innovations like YouGov BrandIndex Voices and initiated a strategic review of the Shopper division to unlock long-term value.
Looking ahead, YouGov expects FY26 adjusted operating profit to be £52-£56 million, considering a £6 million incremental investment in Shopper. The Board plans to launch a share buyback program instead of an annual dividend, reflecting confidence in the companys intrinsic value. A Value Delivery Plan has been mobilized to improve efficiency and margins, with Wave 1 completed and Wave 2 in planning, aiming for an annualized margin uplift of over 350bps.
Financial Metric2025 (Six Months)2026 (Six Months)Year-on-Year Change
Revenue (£m)191.7194.8+1.6% (2% reported)
Adjusted Operating Profit (£m)30.124.0-20% (reported)
Statutory Operating Profit (£m)14.816.8+14%
Adjusted Profit Before Tax (£m)24.116.8-30%
Statutory Profit Before Tax (£m)8.38.6+4%
Adjusted Basic Earnings per Share (pence)17.111.4-33%
Statutory Basic Earnings per Share (pence)6.85.7-16%
Net Debt (£m)158.3160.3+1.3%
Leverage Ratio (Net Debt/EBITDA)2.0x2.1x+5%
SFOR logo SFOR

Audited 2025 Results

S4 Capital PLC

**Summary**
S4 Capital PLCs audited 2025 results show a decline in reported net revenue by 10.8% to £673.0 million, with a like-for-like decrease of 8.4%. Operational EBITDA decreased by 7.5% to £81.2 million, but the margin improved to 12.1%. Net debt reduced to £86.9 million, below the targeted range, and the company repurchased €25.7 million of its Term Loan B at a discount. A final dividend of 1.1p per share, a 10% increase, was proposed. For 2026, like-for-like net revenue is expected to be slightly below 2025, with an operational EBITDA margin targeted to increase by at least 100 basis points. The companys strategy remains focused on digital advertising and marketing services, leveraging AI and first-party data to drive growth. Despite macroeconomic challenges, S4 Capital is confident in its long-term growth prospects, supported by its unified digital transformation model and strong client relationships.
Financial Metric20242025Change
Reported Net Revenue (£ millions)754.6673.0(10.8%)
Like-for-Like Net Revenue (£ millions)734.9673.0(8.4%)
Operational EBITDA (£ millions)87.881.2(7.5%)
Operational EBITDA Margin11.6%12.1%50bps increase
Year End Net Debt (£ millions)(142.9)(86.9)39.2% improvement
Free Cash Flow (£ millions)37.886.548.7 increase
JNEO logo JNEO

Final Results

Journeo PLC

Journeo PLC, a provider of intelligent systems for transport networks and critical national infrastructure, reported its final results for the year ended 31 December 2025. Key highlights include
**Financial Performance**Revenue increased by 11% to £55.0 million, gross profit rose by 23% to £21.8 million, and adjusted profit before tax grew by 13% to £5.7 million. Cash and cash equivalents stood at £12.0 million.
**Operational Achievements**
Acquired Crime and Fire Defence Systems Limited, expanding capabilities into adjacent markets.
Secured a £10 million framework award from First Bus UK, with an additional £3.5 million extension into First Bus London.
Won a £4.2 million purchase order from Alstom SA for rail on-vehicle systems.
Continued international expansion with new orders from Outfront Media.
Maintained all ISO and cyber security certifications.
**Strategic Focus**Emphasis on customer-centric approach, innovation, and strategic acquisitions to drive sustainable growth.
**Outlook**Strong order book, disciplined capital management, and a talented team position Journeo for further growth, despite external market risks.
**Summary**Journeo PLC achieved record financial and operational results in 2025, driven by organic growth, strategic acquisitions, and expanded market reach. The company is well-positioned for future growth with a strong order book, innovative solutions, and a focus on customer needs.
Financial Metric20242025Change
Revenue (£'000)49,55855,02211%
Gross Profit (£'000)17,68021,80123%
Adjusted Profit before Tax (£'000)5,0135,68013%
Cash and Cash Equivalents (£'000)14,31812,029-16%
Diluted Earnings per Share (pence)26.2923.83-9%
Net Current Assets (£'000)16,51911,643-30%
Net Cash Flows from Operating Activities (£'000)7,5918,2168%
EVPL logo EVPL

Unaudited Final Results 2025

Everplay Group PLC

Everplay Group plc, a leading global indie developer and publisher of premium video games, working simulation games, and childrens edutainment apps, reported its unaudited final results for the year ended 31 December 2025. The company achieved double-digit profit growth and strong margin expansion, supported by growth in new release revenues and successful platform partnerships. Revenue remained flat at £166.0 million, but gross profit increased by 10% to £76.3 million, and adjusted EBITDA rose by 11% to £48.5 million. The company continued its strategic priorities, including new first-party IP releases and acquisitions of IP and back-catalogue publishing rights. Everplay released 11 new titles, entered partnerships with major platforms like Netflix Games and Nintendo Switch 2, and made strategic acquisitions, including a minority stake in Super Media Group and the rights to the Hammerwatch franchise. The companys financial performance was driven by strong new release revenues, up 80%, and a resilient back catalogue, which accounted for 75% of total revenues. Everplay ended the year with a cash balance of £51.9 million and declared a final ordinary dividend of 1.9 pence per share. The company is optimistic about its outlook, with an exciting pipeline of new games and apps for FY 2026, and expects to achieve results in line with market expectations.
Financial Metric20252024Change
Revenue (£'000)165,995166,624(0%)
Gross Profit (£'000)76,32269,37410%
Gross Profit Margin (%)46.0%41.6%4.4pts
Adjusted EBITDA (£'000)48,47543,54911%
Adjusted EBITDA Margin (%)29.2%26.1%3.1pts
Profit Before Tax (£'000)36,58825,32344%
Adjusted Profit Before Tax (£'000)48,46943,37912%
Adjusted EPS (pence)25.724.17%
Operating Cash Conversion (%)89%97%(8)pts
Cash and Cash Equivalents (£'000)51,87062,877(17)%
PXEN logo PXEN

Formal Offer of onshore Polish licences

Prospex Energy PLC

Prospex Energy PLC announces its wholly-owned subsidiary, PXEN Tatra, has formally accepted offers for the San and Dunajec onshore licenses in Poland, advancing its expansion into the country. These licenses, located in southern Poland’s prolific Carpathian foredeep gas play, offer 100% ownership, proven gas production areas, and potential for accelerated development, including an undeveloped oil discovery in Dunajec. The administrative award process is expected to conclude by May 2026, with a €289,000 fee payable from recent cash raises. Prospex plans to fund work programs through production income and farm-in partnerships, leveraging Poland’s supportive regulatory environment for natural gas investment.
Offers
PPHC logo PPHC

PPHC Announces Full Year 2025 Financial Results

Public Policy Holding Company Inc

Public Policy Holding Company, Inc. (PPHC) announced its full-year 2025 financial results, highlighting significant growth and strategic achievements. Revenue reached $186.5 million, a 24.7% increase year-over-year, with organic revenue growth of 6.2%. Adjusted EBITDA hit a record $45.4 million, up 17.7%, with a margin of 24.3%. The company successfully completed a $45.8 million IPO in the US and a dual listing on Nasdaq in January 2026, transitioning from net debt to a net cash position. PPHC also completed two acquisitions in 2025, expanding its capabilities and geographic reach. Despite a GAAP net loss of $39.0 million, adjusted net income rose 32.1% to $36.6 million. The company declared a final dividend of $0.240 per share, with a total dividend of $0.355 per share for FY 2025. Operationally, PPHC grew its client base to approximately 1,400, including nearly half of the Fortune 100, and ended the year with 613 clients spending over $100,000 annually. Management expects continued organic revenue growth of around 5% in 2026, supplemented by acquisitions, with Adjusted EBITDA margins around 25%.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric20242025Change%
Revenue$149.6 million$186.5 million$36.9 million24.7%
Adjusted EBITDA$38.6 million$45.4 million$6.8 million17.7%
Net Debt$17.5 million$26.6 million$9.1 million51.6%
Cash and Cash Equivalents$14.5 million$20.4 million$5.9 million40.6%
Total Debt$32.0 million$47.0 million$15.0 million46.6%
**Key Observations:** * **Revenue Growth:** PPHC experienced a significant increase in revenue from $149.6 million in 2024 to $186.5 million in 2025, representing a 24.7% growth rate. * **Adjusted EBITDA Improvement:** Adjusted EBITDA also increased from $38.6 million to $45.4 million, a 17.7% improvement, indicating enhanced operational efficiency. * **Net Debt Increase:** Net debt increased by 51.6% from $17.5 million to $26.6 million, primarily due to the acquisition of TrailRunner in Q2 2025. * **Cash Position Strengthened:** Cash and cash equivalents increased by 40.6% from $14.5 million to $20.4 million, reflecting improved liquidity. * **Total Debt Increase:** Total debt increased by 46.6% from $32.0 million to $47.0 million, likely due to financing acquisitions and operations.
TMG logo TMG

Final Results

The Mission Group plc

**Summary**
The Mission Group PLC, a collective of Creative and MarTech Agencies, reported its final results for the year ended 31 December 2025. Despite a challenging market environment, the company demonstrated resilience, maintaining strong client retention and winning new clients like Omega Watches and easyJet. However, overall financial performance was impacted by macroeconomic uncertainty, leading to extended sales cycles and restricted budgets.
**Financial Highlights**
* **Revenue Decline** Total revenue decreased by 21% to £68.8 million compared to £87.7 million in 2024.
* **Profitability** Headline operating profit fell by 44% to £5.1 million, while reported profit before tax resulted in a loss of £18.8 million.
* **Debt Reduction** Net bank debt decreased slightly to £9.0 million, and total debt, including acquisition liabilities, significantly reduced to £10.4 million.
**Strategic Initiatives**
* **Simplification** The company established a unified B2C and B2B advertising agency, streamlining operations and improving efficiency.
* **Prioritization** Focus shifted to leveraging the simplified model, driving new business performance, and evolving offerings to meet client needs.
* **Investment** Targeted investments aimed at capitalizing on strengths, expanding geographically (particularly in the US), and maintaining technological leadership through AI.
* **Cost Savings** Identified annualized cost savings of £4.0 million, supporting future growth and reinvestment.
**Board Changes**
* John Carey appointed as Group CEO, Claudine Collins as Non-Executive Director, and Jon Kempster and Emma Wright as Non-Executive Directors post year-end.
**Outlook**
* Trading in the first months of 2026 aligned with expectations.
* The company remains cautious about the challenging trading environment and macroeconomic backdrop.
* Focus on executing strategic priorities, driving growth, and returning to a positive net cash position.
Financial Metric2024 (£m)2025 (£m)Change (£m)Change (%)
Revenue (Operating Income)87.768.8-18.9-21%
Headline Operating Profit9.15.1-4.0-44%
Reported (Loss)/Profit Before Tax2.9-18.8-21.7-748%
Net Bank Debt9.59.0-0.5-5%
Total Debt14.210.4-3.8-27%
KGF logo KGF

Final Results

Kingfisher PLC

Kingfisher PLCs final results for the year ended 31 January 2026 highlight a strong performance driven by strategic progress and financial discipline. Key highlights include
**Sales Growth**Underlying like-for-like (LFL) sales increased by 1.4%, with total sales up 1.3%. UK banners led growth with LFL sales up 3.3%.
**Market Share Gains**Gains were achieved in key markets including the UK, France, and Spain, with Poland trading in line with the market.
**Strategic Delivery**Trade sales grew by 23% (excluding Screwfix), and e-commerce sales increased by 20% (excluding Screwfix). Marketplace gross merchandise value (GMV) rose by 58% to £518 million.
**Profitability**Adjusted pre-tax profit (PBT) increased by 6% to £560 million, driven by gross margin expansion and cost discipline. Statutory PBT rose by 23% to £378 million.
**Cash Flow**Free cash flow was £512 million, supported by inventory improvements.
**Shareholder Returns**A £300 million share buyback was completed, and a full-year dividend of 12.40p per share was announced. A new £300 million share buyback program was also initiated.
**Summary**
Kingfisher PLC demonstrated robust financial performance in FY 25/26, achieving sales growth, market share gains, and improved profitability through strategic initiatives and cost management. The company strengthened its trade and e-commerce businesses, expanded its digital ecosystem, and enhanced shareholder returns through dividends and share buybacks. Guidance for FY 26/27 indicates continued growth in adjusted PBT and free cash flow, supported by ongoing strategic investments and operational efficiencies.
Here is the HTML table code comparing the financials and debt year on year for Kingfisher PLC:
Metric2025/262024/25Change
Total Sales (£m)12,94512,784+1.3%
Gross Profit (£m)4,9304,763+3.5%
Operating Profit (£m)469407+15.2%
Adjusted PBT (£m)560528+6.0%
Statutory PBT (£m)378307+23.0%
Free Cash Flow (£m)512511+0.1%
Net Debt (£m)1,8782,015-6.8%
Net Leverage (x)1.41.6-12.5%
**Key Observations:** * **Sales Growth:** Total sales increased by 1.3% year-on-year, driven by underlying LFL sales growth of 1.1% and net space growth of 0.7%. * **Profitability Improvement:** Adjusted PBT increased by 6.0%, while statutory PBT saw a more significant increase of 23.0%, benefiting from lower impairment charges. * **Cash Flow Stability:** Free cash flow remained relatively stable at £512m, despite increased capital expenditure. * **Debt Reduction:** Net debt decreased by 6.8%, leading to a reduction in net leverage from 1.6x to 1.4x. This table provides a concise overview of Kingfisher PLC's financial performance and debt position, highlighting key areas of growth and improvement.
GAMA logo GAMA

Final Results

Gamma Communications PLC

Gamma Communications PLC reported significant growth in 2025, driven by strong performance in Germany, particularly through acquisitions like Placetel and Starface. Revenue increased by 11% to £645.8 million, and gross profit rose by 16% to £348.2 million. Adjusted EBITDA grew by 13% to £141.7 million, and adjusted EPS increased by 11% to 94.5p. The company returned £64 million to shareholders and plans further returns in 2026 and 2027. Despite UK SME market challenges, Gammas strategy, supported by its German expansion and improved enterprise sales, positions it well for future growth.
Here is the HTML table code comparing financials and debt year on year for Gamma Communications PLC:
Metric20242025Change
Revenue£579.4m£645.8m+11%
Gross Profit£300.3m£348.2m+16%
Adjusted EBITDA£125.5m£141.7m+13%
Profit before tax ("PBT")£95.6m£87.7m-8%
Adjusted PBT£111.9m£119.4m+7%
Total cash returned to shareholders£44.6m£64.0m+43%
Adjusted cash generated by operations£120.4m£131.8m+9%
Net (debt)/cash£153.7m (cash)(£9.3m) (debt)NM
**Notes:** * NM = Not Meaningful (due to change from net cash to net debt) * The table compares key financial metrics and debt position for Gamma Communications PLC between 2024 and 2025. * Revenue, Gross Profit, Adjusted EBITDA, and Total cash returned to shareholders increased year-on-year, while Profit before tax decreased. * The company moved from a net cash position in 2024 to a net debt position in 2025, primarily due to the acquisition of Starface and share buybacks.
RGL logo RGL

Annual Financial Report 2025 Full Year Results

Regional REIT Ltd

Regional REIT Limited, a UK-based real estate investment trust, reported its full-year results for 2025, highlighting resilient operational performance despite challenging market conditions. The company strengthened its balance sheet through a successful multi-bank refinancing of £72.4m of debt, completed £51.6m of disposals at 1.3% above book value, and reduced its loan-to-value (LTV) ratio to 40.4%. Regional REIT secured 64 new market lettings at 3.9% above 2024 ERV, demonstrating its ability to navigate a subdued leasing market.
The company acknowledged the prolonged downturn in the property cycle and geopolitical uncertainties, which have tempered near-term activity. In response, the Board adopted a more prudent approach, targeting an 8p dividend per share for 2026 and aiming to distribute a minimum of 90% of the profit from the property rental business. This strategy provides flexibility for essential capital expenditure to improve assets and capitalize on increasing demand for quality space.
Regional REITs portfolio valuation decreased to £555.2m, driven by sales and a 5.0% like-for-like decline, partially offset by capital expenditure benefits. EPRA NTA stood at £315.2m, and EPRA EPS was 11.8p. The company declared a fully covered 10p dividend for 2025 and plans to distribute a minimum of 90% of rental profits going forward.
The company continued to focus on strengthening its balance sheet, targeting similar disposal levels in 2026, with £41m of disposals already completed, contracted, or in negotiation. Net LTV improved to 40.4%, and gross borrowings decreased to £266.2m. Cash and cash equivalents were £37.7m.
Leasing performance remained strong, with 64 new lettings totaling £3.2m of rent at 3.9% above 2024 ERV. EPRA occupancy was 75.9%, and rent collection was robust at 99.3%. Regional REIT executed its capital expenditure program, improving EPC ratings, with 84.5% of the portfolio attaining EPC C or better.
The companys portfolio strategy focused on sales and investing in core assets, with 18 capital expenditure projects completed in 2025 and more underway. The core portfolio represented 62.9% of the total, with an EPRA occupancy of 86.5%.
Looking ahead, Regional REIT emphasized the structural supply-demand imbalance in regional offices, driven by high construction costs and limited new developments. The company is well-positioned to benefit from this imbalance, with a focus on quality, energy-efficient space. However, near-term market conditions are expected to remain challenging due to macroeconomic uncertainty and increased costs related to the Middle East conflict.
Post-period, Regional REIT completed £12.3m of disposals, further reducing borrowings by £7.8m. Notable lettings and renewals post-period end totaled £0.7m, reflecting 17.0% above ERV.
In summary, Regional REIT demonstrated resilience in 2025, strengthening its balance sheet, executing its portfolio strategy, and positioning itself for long-term growth in the regional office market, despite near-term challenges.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Portfolio Valuation (£m)622.5555.2-10.8%
EPRA NTA (£m)340.8315.2-7.5%
Net LTV (%)41.840.4-3.4%
Gross Borrowings (£m)316.7266.2-15.9%
Cash and Cash Equivalents (£m)56.737.7-33.5%
Net Rental Income (£m)46.040.3-12.4%
EPRA Occupancy (%)77.575.9-2.1%
Dividend per Share (p)7.810.0+28.2%
**Key Observations:** - **Portfolio Valuation:** Decreased by 10.8% from £622.5m in 2024 to £555.2m in 2025, driven by sales and a like-for-like decline. - **EPRA NTA:** Decreased by 7.5% from £340.8m in 2024 to £315.2m in 2025, reflecting changes in income and property values. - **Net LTV:** Improved slightly from 41.8% in 2024 to 40.4% in 2025 due to reduced borrowings and portfolio adjustments. - **Gross Borrowings:** Significantly decreased by 15.9% from £316.7m in 2024 to £266.2m in 2025, indicating debt reduction efforts. - **Cash and Cash Equivalents:** Decreased by 33.5% from £56.7m in 2024 to £37.7m in 2025, possibly due to increased capital expenditure or debt repayment. - **Net Rental Income:** Decreased by 12.4% from £46.0m in 2024 to £40.3m in 2025, likely due to tenant lease breaks and void costs. - **EPRA Occupancy:** Slightly decreased from 77.5% in 2024 to 75.9% in 2025, reflecting leasing challenges. - **Dividend per Share:** Increased by 28.2% from 7.8p in 2024 to 10.0p in 2025, despite financial pressures, indicating a commitment to shareholder returns.
NIOX logo NIOX

Final Results

NIOX Group PLC

NIOX Group PLC, a medical device company focused on point-of-care FeNO testing for asthma and COPD, reported strong financial and operational results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**17% increase to £48.7 million, driven by 7% growth in clinical revenue to £38.6 million and 77% growth in research revenue to £10.1 million.
**Adjusted EBITDA**Up 21% to £16.7 million, reflecting strong operational leverage.
**Profitability**Operating profit rose to £10.7 million, and profit before tax increased to £11.2 million.
**Cash Position**Strong balance sheet with cash of £19.9 million, up from £10.9 million in 2024, despite a £5.0 million dividend payment.
**Dividend**Final dividend of 1.55 pence per share recommended, up from 1.25 pence in 2024.
**Operational Performance**Total FeNO tests sold increased by 9% to 7.2 million, and the NIOX® Clinical device installed base grew by 7%.
**Product Launches**Successfully introduced the NIOX PRO® device and initiated development of the home-use NIOX MyNO® device.
**Strategic Expansion**Strengthened US commercial capabilities with a direct sales team and expanded market opportunities, including COPD.
**Post-Period Update**Japanese reimbursement rate for FeNO testing increased by 45%, and trading in 2026 has started well.
NIOX remains well-positioned for sustainable growth, supported by its strong financial position, innovative products, and expanding market opportunities in both asthma and COPD management.
Financial Metric20242025Year-on-Year Change
Revenue£41.8m£48.7m17% increase
Clinical Revenue£36.1m£38.6m7% increase
Research Revenue£5.7m£10.1m77% increase
Adjusted EBITDA£13.8m£16.7m21% increase
Cash at Year End£10.9m£19.9m82% increase
Debt£0m£0mNo change
GETB logo GETB

2025 Audited Results

GetBusy PLC

**Summary**
GetBusy PLC, a productivity software provider for professional and financial services, announced its audited results for 2025. The company reported strong growth in its SmartVault platform, which established leadership in the US tax preparation workflow market. SmartVaults annual recurring revenue (ARR) grew by 16% to $17.8 million, driven by expanded integrations, new business growth, and the launch of SmartRequestAITM. Workiro, another GetBusy platform, showed progress in enterprise and professional services markets, with ARR of £9.3 million.
Group-wide, GetBusy reported ARR growth of 8% at constant currency to £22.6 million, with recurring revenue up 6% to £21.5 million. The company highlighted the strategic importance of AI, positioning its platforms as trusted infrastructure for AI capabilities. GetBusys net cash position was £0.8 million, with available cash funds of £3.8 million. The company expects SmartVaults ARR growth to strengthen in 2026, driven by customer acquisition and AI adoption, while Workiro aims to return to modest growth.
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)Change (%)
Group ARR21,59122,5739825%
Group Recurring Revenue20,85321,5126593%
Group Total Revenue21,44522,0516063%
Group Adjusted EBITDA1,496323(1,173)(78%)
Available Cash Funds3,0623,84077825%
Net Bank (Debt) / Cash1,062840(222)(21%)
RLE logo RLE

Final Results

Real Estate Investors PLC

**Summary**
Real Estate Investors Plc (REI), a UK-based Midlands-focused Real Estate Investment Trust (REIT), reported its final results for the year ended 31 December 2025. Key highlights include
**Financial Performance** Revenue decreased to £9.4 million (from £10.8 million in 2024), with an underlying profit before tax of £2.9 million (down from £3.4 million). A pre-tax loss of £0.8 million was recorded, primarily due to a £3.0 million revaluation deficit on investment properties.
**Dividend** A fully covered dividend of 1.6p per share was declared for 2025, representing a yield of 5.2%.
**Disposals and Debt Reduction** REI completed or contracted sales of £8.0 million, using proceeds to reduce debt by £5 million to £34.2 million. Post-year-end, debt was further reduced to £33.2 million.
**Portfolio Performance** The portfolio demonstrated robust rent collection at 99.28%, with a contracted rental income of £8.3 million p.a. and an improved WAULT of 6.01 years to break and 7.50 years to expiry. Occupancy stood at 78.69%.
**Post-Year-End Activity** Occupancy improved to 78%, with contracted rental income at £8.2 million p.a. and WAULT at 5.99 years to break and 7.51 years to expiry. A healthy pipeline of new income and disposals is in progress.
**Strategic Sales Programme** REI remains focused on completing its orderly sales programme within the 3-year timeframe, aiming to repay debt and return capital to shareholders. The company is actively marketing assets and exploring options to maximize shareholder value, including potential portfolio or entire company sales.
**ESG Initiatives** REI achieved a 31% reduction in carbon emissions for landlord-controlled areas in 2025 and is transitioning to 100% green electricity contracts.
Despite market challenges, REI continues to execute its strategy, prioritizing debt reduction and shareholder returns while maintaining operational resilience.
Financial Metric20252024Change
Revenue (£ million)9.410.8-13%
Underlying Profit Before Tax (£ million)2.93.4-15%
Pre-tax Loss (£ million)-0.8-2.467% Improvement
Contracted Rental Income (£ million)8.39.0-8%
EPRA EPS (pence)1.71.9-11%
Basic Loss per Share (pence)-0.5-1.464% Improvement
Dividend per Share (pence)1.61.9-16%
Average Cost of Debt (%)5.756.5-11%
Gross Property Assets (£ million)115.7124.6-7%
EPRA NTA per Share (pence)49.151.3-4%
Debt (£ million)34.239.2-13%
Loan to Value (net of cash) (%)24.826.4-6%
Cash at Bank (£ million)6.16.9-12%
ULTP logo ULTP

Interim Results

Ultimate Products Plc

Ultimate Products PLC, owner of homeware brands Salter and Beldray, reported interim results for the six months ended 31 January 2026. Key highlights include
Revenue declined 6% to £74.5 million due to subdued consumer demand and a strategic reduction in third-party clearance sales.
International branded sales grew 19% to £27.7 million, driven by a 91% increase in sales to EU discounters.
Adjusted EBITDA fell 29% to £5.0 million, impacted by non-recurring costs related to commercial function reorganization.
Net bank debt decreased 45% to £9.7 million, with an improved net bank debt/adjusted EBITDA ratio of 0.9x.
The company continued to strengthen its commercial function, promote senior management, and invest in operational efficiency through technology.
Despite macroeconomic uncertainties, the company expects trading trends to continue in the second half, with sales marginally ahead of market expectations and profitability in line with consensus.
In summary, Ultimate Products navigated a challenging market by focusing on branded product sales, international expansion, and operational improvements, positioning itself for future growth despite near-term headwinds.
Financial MetricH1 FY25H1 FY26Change (£'000)Change (%)
Revenue£79,484£74,450(£5,034)-6%
Gross Profit£18,411£16,947(£1,464)-8%
Adjusted EBITDA£7,014£5,004(£2,010)-29%
Adjusted Profit Before Tax£5,161£3,090(£2,071)-40%
Statutory Profit Before Tax£5,809£2,416(£3,393)-58%
Net Bank Debt(£17,735)(£9,730)£8,005-45%
QBT logo QBT

Porting AI Oracle onto an Antminer S9

Quantum Blockchain Technologies Plc

Quantum Blockchain Technologies Plc (QBT) announces the commencement of live in-house <mark style="background-color:yellow">test</mark>ing of its AI Oracle software on a Bitmain Antminer S9 (S9) mining rig, a project initiated in August 2025. The goal is to demonstrate enhanced performance to potential customers using a commercial-grade mining rig. Historically, QBT relied on a software simulator, but feedback from US-based Bitcoin mining companies prompted the shift to an industry-recognized rig like the S9, chosen for its open-source operating system and firmware. QBT has successfully modified the S9’s OS and FPGA firmware for AI Oracle integration, which involves data collection, integration, and performance testing. This project aims to secure commercial demonstrations with large Bitcoin miners, targeting companies with proprietary control boards and aftermarket system integrators. Simultaneously, QBT is testing the AI Oracle on a third-party ASIC manufacturer’s rig in its Milan lab, though results from this project will remain confidential. CEO Francesco Gardin highlighted the milestone of transitioning from a simulator to a full multi-ASIC mining rig, emphasizing the potential to expand QBT’s market reach through demonstrated mining efficiency improvements.
AI
AI 1 news title 1
QBT logo QBT

Porting AI Oracle onto an Antminer S9

Quantum Blockchain Technologies Plc

Quantum Blockchain Technologies Plc (QBT) announces the commencement of live in-house <mark style="background-color:yellow">test</mark>ing of its AI Oracle software on a Bitmain Antminer S9 (S9) mining rig, a project initiated in August 2025. The goal is to demonstrate enhanced performance to potential customers using a commercial-grade mining rig. Historically, QBT relied on a software simulator, but feedback from US-based Bitcoin mining companies prompted the shift to an industry-recognized rig like the S9, chosen for its open-source operating system and firmware. QBT has successfully modified the S9’s OS and FPGA firmware for AI Oracle integration, which involves data collection, integration, and performance testing. This project aims to secure commercial demonstrations with large Bitcoin miners, targeting companies with proprietary control boards and aftermarket system integrators. Simultaneously, QBT is testing the AI Oracle on a third-party ASIC manufacturer’s rig in its Milan lab, though results from this project will remain confidential. CEO Francesco Gardin highlighted the milestone of transitioning from a simulator to a full multi-ASIC mining rig, emphasizing the potential to expand QBT’s market reach through demonstrated mining efficiency improvements.
AI
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TTE logo TTE

United States: TotalEnergies Signs Agreements with U.S. Department of Interior to End its U.S. Offshore Wind Projects

TotalEnergies SE

TotalEnergies has signed agreements with the U.S. Department of the Interior to end its U.S. offshore wind projects, relinquishing leases in Carolina Long Bay and New York Bight. The company will recover lease fees and reinvest an equal amount in U.S. gas and power production, including LNG exports. TotalEnergies cited high costs and potential negative impacts on U.S. power affordability as reasons for exiting offshore wind, opting instead to focus on more affordable energy solutions. The company also announced a Letter of Intent for LNG offtake from the Alaska LNG project and highlighted its significant investments in U.S. oil, LNG, and electricity sectors.
Agreement
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Director/PDMR Shareholding

Fidelity European Values

<mark style="background-coloryellow">Purchase</mark> of ordinary shares
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LAUNCH OF OFFER OF SENIOR NOTES

Helios Towers Plc

Helios Towers PLC, through its subsidiary HTA Group, Ltd, announced the launch of an offering of fixed-rate senior notes, guaranteed by the company and certain subsidiaries. The proceeds will be used to prepay $445 million in term facilities, for general corporate purposes, and to cover related fees. British International Investment plc (BII), DEG-Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG), and International Finance Corporation (IFC) have expressed interest in purchasing portions of the notes, with allocations ranging from $20 million to $75 million. The offering is restricted to non-U.S. and non-retail investors, with no public offering in the U.S. or EEA/UK retail markets. Stabilization measures may be employed post-issuance. The announcement includes forward-looking statements subject to risks and uncertainties.
Launch
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Launch of Share Buy-back

Staffline Group Plc

Staffline Group PLC announces the launch of a share buyback program, intending to purchase up to 4,971,315 ordinary shares at 10 pence each, with shares to be cancelled post-purchase. The buyback aims to enhance shareholder value, aligned with the companys disciplined capital allocation strategy, considering growth, investments, cash generation, and leverage. The program operates under shareholder authority granted at the 2025 AGM, with specific price and volume limits, and Panmure Liberum appointed to execute purchases. The buyback may exceed EU volume restrictions, potentially falling outside safe harbour provisions. Staffline, a leading UK recruitment group, operates in Recruitment GB and Recruitment Ireland, supplying flexible workers across various industries.
Launch
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Closing of U.S. Initial Public Offering

Guardian Metal Resources PLC

Guardian Metal Resources PLC successfully closed its U.S. initial public offering (IPO) on March 24, 2026, issuing 4,444,400 American Depositary Shares (ADSs) at $13.50 each, representing 22,222,000 ordinary shares. The underwriters exercised their over-allotment option for an additional 611,553 ADSs, totaling 3,057,765 ordinary shares. Gross proceeds reached approximately $68.3 million. The ADSs were admitted to trading on AIM, with the over-allotment shares admitted the following day. The company, focused on tungsten exploration in Nevada, U.S., has 194,007,981 ordinary shares post-admission, with BMO Capital Markets as lead book-running manager. The offering was conducted via a prospectus filed with the SEC, and the announcement includes forward-looking statements and regulatory disclaimers.
Offers
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Statement regarding possible offer

Alternative Income REIT PLC

Alternative Income REIT plc (AIRE) has received an indicative, non-binding proposal from AEW UK REIT plc (AEW) for a possible all-share offer, based on an exchange ratio tied to net asset values, adjusted for costs and dividends, with a 3% discount to AIREs net asset value. AIREs board is evaluating the proposal with advisors, and AEW must decide by April 21, 2026, whether to proceed with a firm offer or withdraw. Shareholders are advised to take no action at this time. The announcement triggers disclosure requirements under the City Code on Takeovers and Mergers, and the information constitutes inside information under Market Abuse Regulations.
Offers
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Formal Offer of onshore Polish licences

Prospex Energy PLC

Prospex Energy PLC announces its wholly-owned subsidiary, PXEN Tatra, has formally accepted offers for the San and Dunajec onshore licenses in Poland, advancing its expansion into the country. These licenses, located in southern Poland’s prolific Carpathian foredeep gas play, offer 100% ownership, proven gas production areas, and potential for accelerated development, including an undeveloped oil discovery in Dunajec. The administrative award process is expected to conclude by May 2026, with a €289,000 fee payable from recent cash raises. Prospex plans to fund work programs through production income and farm-in partnerships, leveraging Poland’s supportive regulatory environment for natural gas investment.
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Final Results

Xaar plc

Xaar PLC, an inkjet printing technology group, reported its audited results for the year ended 31 December 2025. Key highlights include
Revenue from continuing operations increased by 12% to £60.1 million, with printhead revenue up 22% to £43.0 million.
Adjusted profit before tax from continuing operations was £0.8 million, compared to a loss of £1.0 million in 2024.
Net cash decreased to £4.9 million, after investing £2.0 million in capex and £0.9 million in share purchases.
R&D investment remained consistent at around 10% of revenue.
The company achieved a commercial breakthrough in the jewellery wax 3D printing market and made progress in other key development projects.
A new facility was opened in Dongguan, China, for ink-delivery manufacturing, customer demonstration, and supply-chain optimization.
Gross margins improved to 40%, and adjusted EBITDA increased by 56% to £3.5 million.
The company ended the year with a healthy order book and is well-positioned for further progress in 2026 and beyond.
Financial Metric20242025Change
Revenue from Continuing Operations (£ million)53.860.1+12%
Printhead Revenue (£ million)35.243.0+22%
Adjusted Profit Before Tax (£ million)(1.0)0.8+179%
Net Cash (£ million)8.24.9-40%
Gross Margin (%)37%40%+3%
Adjusted EBITDA (£ million)2.23.5+56%
Reported Loss for the Period (£ million)(8.6)(3.0)-65%
Loss from Discontinued Operations (£ million)(2.3)(0.4)-84%
Adjusted Earnings per Share (pence)0.71.1+0.4p
Basic Loss per Share (pence)(13.7)(4.3)+9.4p
PGH logo PGH

Preliminary Results and Final Dividend

Personal Group Holdings PLC

Personal Group Holdings PLC reported strong preliminary results for the year ended 31 December 2025, with double-digit revenue growth and adjusted EBITDA ahead of market expectations. Key highlights include
**Revenue Growth**Group revenue increased by 11% to £48.4 million, driven by growth across all divisions.
**Recurring Revenue**Annualised recurring revenue (ARR) rose by 12% to £48.6 million, with over 90% of revenue derived from recurring sources like insurance and SaaS subscriptions.
**Adjusted EBITDA**Up 22% to £12.1 million, surpassing market expectations of £11.6 million.
**Profitability**Profit before tax increased by 23% to £8.4 million, and basic EPS grew by 32% to 23.3p.
**Dividend**A 41% increase in the full-year dividend to 23.3p per share, reflecting strong cash generation and confidence in the business model.
**Operational Performance**Record insurance sales, strong customer retention (81.7%), and new client wins (e.g., Avery, Securitas, Harbour Healthcare) expanded the addressable customer base.
**Strategic Progress**Continued uptake of the Benefits & Rewards platform, renewed partnerships (e.g., Sage), and new digital insurance offerings.
**Balance Sheet**Strong liquidity with £29.0 million in cash and no debt, positioning the Group well for future growth.
**Outlook**Confidence in achieving 2030 aspirations of £100 million revenue, £30 million EBITDA, and £20 million SaaS ARR, supported by strategic pillars of Adoption, Expansion, Innovation, and Partnering.
The Group remains focused on delivering meaningful impact for employers and employees, particularly in a challenging economic environment.
Year-on-Year Financial and Debt Comparison (2024 vs 2025)
Metric20242025Change
Group Revenue (£'000)43,80048,400+11%
Adjusted EBITDA (£'000)10,00012,100+21%
Profit Before Tax (£'000)6,8008,400+23%
Basic EPS (pence)17.723.3+32%
Cash and Bank Deposits (£'000)27,40029,000+6%
DebtNoneNoneNo Change
Final Dividend (pence per share)16.523.3+41%
FEVR logo FEVR

FY25 Preliminary Results to 31 December 2025

Fevertree Drinks Plc

Fevertree Drinks PLCs preliminary results for FY25 (ending December 31, 2025) highlight positive strategic progress, with Fever-Tree brand revenue growing 4% year-on-year (constant currency), accelerating to 5% in H2. Diversification efforts are gaining traction, with 45% of group revenue now from products beyond tonic. The US market showed strong momentum despite the Molson Coors transition, positioning the company for accelerated growth in 2026. UK revenue dipped 2%, but performance improved in H2, driven by strong Off-Trade sales. Europe maintained market share gains, with Ginger Beer as a standout performer. Adjusted EBITDA, excluding a £2.8m provision for the UK EPR Levy, was £45.2m, in line with guidance. The company completed a £100m share buyback and initiated a further £30m buyback, reflecting its cash generative model. Despite geopolitical uncertainties, Fevertree remains confident in its 2026 outlook, aligning with market expectations.
MetricFY25FY24YoY ChangeConstant Currency Change
Revenue
US£131.9m£128.0m3%6%
UK£108.4m£111.1m-2%-2%
Europe (Fever-Tree brand revenue)£94.7m£92.7m2%2%
ROW£37.7m£32.2m17%22%
Total Adjusted Fever-Tree Revenue£372.7m£364.0m2%4%
GDP brand revenue£2.6m£4.5m-42%-43%
Total Adjusted Revenue£375.3m£368.5m2%3%
Profitability
Adjusted EBITDA£42.4m£50.7m-16%-
Adjusted EBITDA margin11.3%13.7%-240bps-
Earnings
Diluted EPS (pence per share)18.62p20.85p-11%-
Normalised EPS (pence per share)24.12p28.01p-14%-
Dividends
Ordinary Dividend (pence per share)17.31p16.97p2%-
Cash
Cash£91.1m£96.0m-5%-
BOOT logo BOOT

Final Results

Henry Boot PLC

Henry Boot PLC, a UK-based land, property development, and home building company, reported its final results for the year ended 31 December 2025. The company demonstrated resilience in challenging markets, achieving record land sales and laying a strong foundation for future growth. Key highlights include
**Financial Performance**Total land and property sales reached £356 million, with a share of £193 million, driven by strong demand for high-quality residential land. Revenue was marginally lower at £307.0 million due to reduced home building turnover, partially offset by higher land promotion sales. Profit before tax was £29.1 million, broadly in line with market expectations, supported by record plot sales.
**Operational Achievements**
**Land Promotion**Hallam Land achieved record sales of 3,957 plots, increasing operating profit by 35% to £32.9 million. Planning consents were secured for 4,159 plots, growing the consented land bank to 9,024 plots.
**Property Investment & Development**Delivered an operating profit of £9.4 million, with a £1.7 billion development pipeline, 55% of which is in Industrial and Logistics (I&L).
**Home Building**Increased ownership in Stonebridge Homes to 62.5%, with a focus on professionalizing and integrating the business. Despite slower sales and cost overruns, net private weekly reservation rates improved to 0.43 by March 2026.
**Strategic Initiatives**
Sold Henry Boot Construction to streamline the group and sharpen strategic focus.
Launched the Future Ways of Working programme to improve efficiencies and collaboration.
Increased ownership in Stonebridge Homes to 62.5%, with plans to reach full ownership by 2030.
**Financial Position**Net Asset Value (NAV) per share remained broadly unchanged at 312p. Net debt increased to £108.0 million due to investment in Stonebridge Homes land bank and the reduction in cash from the sale of Henry Boot Construction.
**Dividend**Proposed a final dividend of 4.62p, bringing the total dividend for the year to 7.86p, a 2.1% increase.
**Outlook**The company expects sustained demand for high-quality residential land and signs of improvement in Stonebridge Homes. Performance is anticipated to be second-half weighted in 2026, with a strong balance sheet and development pipeline positioning the company well for future growth.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Total Revenue (£'m)325.8307.0-6%
Profit Before Tax (£'m)30.729.1-5%
Net Debt (£'m)62.7108.0+72%
Gearing (%)14.725.7+75%
Net Asset Value (NAV) per share (p)3123120%
Total Dividend per share (p)7.707.86+2.1%
**Key Observations:** - **Revenue Decline:** Total revenue decreased by 6% from £325.8m in 2024 to £307.0m in 2025, primarily due to reduced turnover in the home building segment. - **Profit Before Tax:** Profit before tax marginally decreased by 5% from £30.7m in 2024 to £29.1m in 2025, supported by record plot sales and the initial profit recognition on the disposal of Henry Boot Construction. - **Net Debt Increase:** Net debt significantly increased by 72% from £62.7m in 2024 to £108.0m in 2025, driven by the investment in Stonebridge Homes' land bank and the reduction in cash from the sale of Henry Boot Construction. - **Gearing Increase:** Gearing increased by 75% from 14.7% in 2024 to 25.7% in 2025, reflecting the higher net debt level. - **NAV per Share Stability:** Net Asset Value (NAV) per share remained stable at 312p in both years. - **Dividend Increase:** The total dividend per share increased by 2.1% from 7.70p in 2024 to 7.86p in 2025.
CNS logo CNS

Final Results

Corero Network Security plc

Corero Network Security PLC reported its final results for the year ended 31 December 2025, highlighting strong sales traction and EBITDA growth in H2 2025, ahead of market expectations. Key financial highlights include revenues of $25.5 million (up from $24.6 million in FY 2024), EBITDA of $1.5 million, and adjusted EBITDA of $2.0 million. Annual Recurring Revenues (ARR) increased by 23% to $23.9 million, driven by strong demand for subscription-based and DDoS Protection as-a-Service (DDPaaS) products. Order intake grew by 20% to $33.8 million, with a 98% customer retention rate. Despite a loss before taxation of $0.7 million, the company demonstrated positive cash generation in H2 2025 and ended the year with net cash of $4.0 million. Operationally, Corero secured significant customer renewals and expansions, including a $6.8 million deal with a leading US cloud computing provider. The company also expanded its global footprint, particularly in Latin America and the Middle East, through strategic partnerships and new customer wins. Management remains confident in delivering sustained ARR growth and transitioning to a subscription-based model, despite global economic uncertainties. The DDoS market remains buoyant, driven by increasing cyber threats and regulatory demands, positioning Corero for future growth.
Financial Metric2025 ($'000)2024 ($'000)Year-on-Year Change
Revenue25,49924,559+3.8%
EBITDA1,4942,500-40.2%
Adjusted EBITDA2,0003,000-33.3%
Annual Recurring Revenues (ARR)23,90019,500+22.6%
Order Intake33,80028,200+19.9%
Net Cash4,0345,321-24.2%
Gross Margins90%91%-1.1%
Loss Before Taxation(653)555N/A (Loss vs Profit)
### Key Observations: 1. **Revenue Growth**: Revenue increased by 3.8% year-on-year, driven by strong sales traction in H2 2025. 2. **EBITDA and Adjusted EBITDA Decline**: Both EBITDA and Adjusted EBITDA decreased significantly, reflecting higher operating expenses and the transition to a subscription-based model. 3. **ARR Growth**: ARR grew by 22.6%, indicating strong demand for subscription-based and DDPaaS products. 4. **Order Intake Increase**: Order intake increased by 19.9%, supported by strong momentum in H2 2025. 5. **Net Cash Decrease**: Net cash decreased by 24.2%, despite positive cash generation in H2 2025, likely due to increased investment in R&D and new product development. 6. **Gross Margins**: Gross margins slightly decreased by 1.1%, possibly due to changes in product mix and increased costs. 7. **Loss Before Taxation**: The company moved from a profit to a loss before taxation, reflecting higher operating expenses and the impact of the subscription-based model transition.
STAF logo STAF

2025 Audited Results

Staffline Group Plc

**Summary**
Staffline Group PLC reported strong FY 2025 results, significantly exceeding market expectations. Key highlights include
**Financial Performance** Revenue grew by 11.5% to £1,106.7 million, gross profit increased by 10.6% to £78.3 million, and operating profit surged by 31.3% to £13.0 million. Profit before taxation rose by 48.0% to £7.4 million, and profit after tax (total activities) increased by 157.8% to £4.8 million.
**Operational Strength** The company achieved organic market share growth, particularly in the UK temporary recruitment sector, and secured a significant new strategic partnership with a leading logistics provider.
**Divisional Performance** Recruitment GB division saw revenue growth of 13.6% and operating profit growth of 30.0%. Recruitment Ireland achieved 10.3% growth in permanent white-collar recruitment fees.
**Strategic Focus** The disposal of PeoplePlus in February 2025 transformed Staffline into a pure-play recruitment specialist, enhancing its market-leading position.
**Balance Sheet and Shareholder Returns** The company maintained a strong balance sheet, supporting a share buyback program. Net cash (pre-IFRS 16) was £1.5 million, and the company reduced its share count by 13% during the year.
**Outlook** Management remains cautiously optimistic for FY 2026, expecting continued growth despite macroeconomic risks, driven by defensive markets and a healthy new business pipeline.
Overall, Stafflines exceptional performance in FY 2025 reflects its successful strategy, operational efficiency, and focus on organic growth, positioning it well for future expansion.
Metric20242025Change
Revenue (£m)992.91,106.7+11.5%
Gross Profit (£m)70.878.3+10.6%
Operating Profit (£m)9.913.0+31.3%
Profit Before Taxation (£m)5.07.4+48.0%
Profit After Tax (£m)(8.3)4.8+157.8%
EBITDA (£m)12.416.5+33.1%
Net Cash (pre-IFRS 16) (£m)9.61.5-£8.1m
Net (Debt)/Cash (post-IFRS 16) (£m)4.9(2.5)-£7.4m
CSN logo CSN

Final Results

Chesnara

**Summary**
Chesnara PLCs 2025 full-year results highlight a transformative year marked by strategic acquisitions, robust financial performance, and operational excellence. The company reported significant growth across key metrics, driven by disciplined operational delivery and exceptional capital markets activity.
**Financial Highlights**
**Cash** Operating Capital Generation (OCG) increased by 19% to £94m, and Cash Remittances rose by 30% to £58m.
**Capital** Solvency Coverage Ratio improved to 257%, and Own Funds grew by 34% to £859m.
**Value** Adjusted Operating Profit (AOP) surged by 42% to £56m, and Assets under Administration (AUA) increased by 10% to £15bn.
**Strategic Milestones**
**Acquisitions** Completed the acquisition of HSBC Life (UK) in January 2026, rebranded as Chesnara Life, and announced the acquisition of Scottish Widows Europe SA in February 2026, expanding into Luxembourg.
**Integrations** UK integrations, including Chesnara Life, are progressing well, and Dutch entities were successfully merged, simplifying the footprint.
**Capital Raises** Successfully raised £140m in equity and £150m in RT1 bonds, supporting future growth and M&A activities.
**Dividend** Recommended a 6% increase in the final dividend to 14.80p per share, with a total dividend for FY 2025 of 22.50p per share.
**Operational Performance**
**UK** Continued implementation of the Transition and Transformation program, with four migrations completed and planning underway for Chesnara Life integration.
**Sweden** Strong growth in the custodian business, supported by new partnerships and distribution agreements.
**Netherlands** Completed the legal merger of Scildon and Waard, with further integration planned to realize synergies.
**Sustainability**
Published the first Climate Transition Plan in September 2025, outlining steps to achieve net-zero emissions by 2050.
**Outlook**
The company expects further opportunities for growth, supported by a robust M&A pipeline and a strong track record of disciplined execution. The addition of Chesnara Life and Scottish Widows Europe SA is anticipated to enhance resilience and long-term Operating Capital Generation potential.
Chesnaras 2025 results demonstrate its ability to deliver strong financial performance while executing strategic initiatives, positioning the company for continued growth and value creation.
Here is the comparison of financials and debt year on year in an HTML table format:
MetricFY 2025FY 2024% Change
Operating Capital Generation (OCG)£94m£79m19%
Cash Remittances£58m£45m30%
Solvency Coverage Ratio257%203%54ppts
Own Funds£859m£643m34%
Adjusted Operating Profit (AOP)£56m£39m42%
Assets under Administration (AUA)£15bn£14bn10%
IFRS Profit Before Tax£19m£21m(9%)
IFRS Capital Base£694m£449m55%
Leverage22%31%(29%)

Note: Debt information is not explicitly provided in the text, but the Leverage ratio is included as a proxy for debt levels.

This table compares the key financial metrics for Chesnara PLC between FY 2025 and FY 2024, showing the percentage change year on year. The leverage ratio is included as a proxy for debt levels, although explicit debt figures are not provided in the text.
TMT logo TMT

Final Results and Notice of AGM

TMT Investments PLC

TMT Investments PLC, a venture capital company investing in high-growth technology firms, reported its final results for the year ended 31 December 2025. Key highlights include a net asset value (NAV) per share of US$7.13, up 8.9% year-on-year, and a total NAV of US$220.8 million. The company achieved an internal rate of return (IRR) of 14% per annum since inception. TMT made US$1.5 million in additional investments in 2025 and received US$5.5 million from cash disposals and dividends, including significant gains from Scale AI and partial disposals of Bolt and Backblaze. The company also completed a US$1.7 million share buyback program. Despite macroeconomic challenges, TMTs portfolio demonstrated resilience, with positive revaluations in seven companies offset by write-downs in nine others. The company maintained a cautious investment approach, adding two new companies to its portfolio. TMT ended the year with US$5.0 million in cash reserves and no financial debt, positioning it well to navigate market volatility and pursue strategic investments. The Annual General Meeting is scheduled for 19 May 2026.
Financial Metric20242025Year-on-Year Change
NAV per share (US$)6.557.13+8.9%
Total NAV (US$ million)205.9220.8+7.2%
IRR from inception (%)14.514-3.4%
Additional investments (US$ million)5.91.5-74.6%
Cash disposals and dividends received (US$ million)5.95.5-6.8%
Cash and cash equivalents (US$ million)5.25.0-3.8%
Debt (US$ million)000%
YOU logo YOU

Results for the six months to 31 January 2026

YouGov plc

YouGov PLCs half-year report for the six months ended 31 January 2026 highlights a resilient performance with 2% revenue growth to £194.8 million, driven by sustained demand in the Research division. Statutory operating profit grew by 14% to £16.8 million, while adjusted operating profit decreased by 20% to £24.0 million due to investments in the Shopper division and strategic areas. The company maintained a solid balance sheet with £32.8 million in cash and a leverage ratio of 2.1x net debt to EBITDA.
Key operational highlights include a focus on strengthening core Data Products, good performance in the Research division, and targeted investment in the Shopper business. The company also launched AI-driven innovations like YouGov BrandIndex Voices and initiated a strategic review of the Shopper division to unlock long-term value.
Looking ahead, YouGov expects FY26 adjusted operating profit to be £52-£56 million, considering a £6 million incremental investment in Shopper. The Board plans to launch a share buyback program instead of an annual dividend, reflecting confidence in the companys intrinsic value. A Value Delivery Plan has been mobilized to improve efficiency and margins, with Wave 1 completed and Wave 2 in planning, aiming for an annualized margin uplift of over 350bps.
Financial Metric2025 (Six Months)2026 (Six Months)Year-on-Year Change
Revenue (£m)191.7194.8+1.6% (2% reported)
Adjusted Operating Profit (£m)30.124.0-20% (reported)
Statutory Operating Profit (£m)14.816.8+14%
Adjusted Profit Before Tax (£m)24.116.8-30%
Statutory Profit Before Tax (£m)8.38.6+4%
Adjusted Basic Earnings per Share (pence)17.111.4-33%
Statutory Basic Earnings per Share (pence)6.85.7-16%
Net Debt (£m)158.3160.3+1.3%
Leverage Ratio (Net Debt/EBITDA)2.0x2.1x+5%
SFOR logo SFOR

Audited 2025 Results

S4 Capital PLC

**Summary**
S4 Capital PLCs audited 2025 results show a decline in reported net revenue by 10.8% to £673.0 million, with a like-for-like decrease of 8.4%. Operational EBITDA decreased by 7.5% to £81.2 million, but the margin improved to 12.1%. Net debt reduced to £86.9 million, below the targeted range, and the company repurchased €25.7 million of its Term Loan B at a discount. A final dividend of 1.1p per share, a 10% increase, was proposed. For 2026, like-for-like net revenue is expected to be slightly below 2025, with an operational EBITDA margin targeted to increase by at least 100 basis points. The companys strategy remains focused on digital advertising and marketing services, leveraging AI and first-party data to drive growth. Despite macroeconomic challenges, S4 Capital is confident in its long-term growth prospects, supported by its unified digital transformation model and strong client relationships.
Financial Metric20242025Change
Reported Net Revenue (£ millions)754.6673.0(10.8%)
Like-for-Like Net Revenue (£ millions)734.9673.0(8.4%)
Operational EBITDA (£ millions)87.881.2(7.5%)
Operational EBITDA Margin11.6%12.1%50bps increase
Year End Net Debt (£ millions)(142.9)(86.9)39.2% improvement
Free Cash Flow (£ millions)37.886.548.7 increase
JNEO logo JNEO

Final Results

Journeo PLC

Journeo PLC, a provider of intelligent systems for transport networks and critical national infrastructure, reported its final results for the year ended 31 December 2025. Key highlights include
**Financial Performance**Revenue increased by 11% to £55.0 million, gross profit rose by 23% to £21.8 million, and adjusted profit before tax grew by 13% to £5.7 million. Cash and cash equivalents stood at £12.0 million.
**Operational Achievements**
Acquired Crime and Fire Defence Systems Limited, expanding capabilities into adjacent markets.
Secured a £10 million framework award from First Bus UK, with an additional £3.5 million extension into First Bus London.
Won a £4.2 million purchase order from Alstom SA for rail on-vehicle systems.
Continued international expansion with new orders from Outfront Media.
Maintained all ISO and cyber security certifications.
**Strategic Focus**Emphasis on customer-centric approach, innovation, and strategic acquisitions to drive sustainable growth.
**Outlook**Strong order book, disciplined capital management, and a talented team position Journeo for further growth, despite external market risks.
**Summary**Journeo PLC achieved record financial and operational results in 2025, driven by organic growth, strategic acquisitions, and expanded market reach. The company is well-positioned for future growth with a strong order book, innovative solutions, and a focus on customer needs.
Financial Metric20242025Change
Revenue (£'000)49,55855,02211%
Gross Profit (£'000)17,68021,80123%
Adjusted Profit before Tax (£'000)5,0135,68013%
Cash and Cash Equivalents (£'000)14,31812,029-16%
Diluted Earnings per Share (pence)26.2923.83-9%
Net Current Assets (£'000)16,51911,643-30%
Net Cash Flows from Operating Activities (£'000)7,5918,2168%
EVPL logo EVPL

Unaudited Final Results 2025

Everplay Group PLC

Everplay Group plc, a leading global indie developer and publisher of premium video games, working simulation games, and childrens edutainment apps, reported its unaudited final results for the year ended 31 December 2025. The company achieved double-digit profit growth and strong margin expansion, supported by growth in new release revenues and successful platform partnerships. Revenue remained flat at £166.0 million, but gross profit increased by 10% to £76.3 million, and adjusted EBITDA rose by 11% to £48.5 million. The company continued its strategic priorities, including new first-party IP releases and acquisitions of IP and back-catalogue publishing rights. Everplay released 11 new titles, entered partnerships with major platforms like Netflix Games and Nintendo Switch 2, and made strategic acquisitions, including a minority stake in Super Media Group and the rights to the Hammerwatch franchise. The companys financial performance was driven by strong new release revenues, up 80%, and a resilient back catalogue, which accounted for 75% of total revenues. Everplay ended the year with a cash balance of £51.9 million and declared a final ordinary dividend of 1.9 pence per share. The company is optimistic about its outlook, with an exciting pipeline of new games and apps for FY 2026, and expects to achieve results in line with market expectations.
Financial Metric20252024Change
Revenue (£'000)165,995166,624(0%)
Gross Profit (£'000)76,32269,37410%
Gross Profit Margin (%)46.0%41.6%4.4pts
Adjusted EBITDA (£'000)48,47543,54911%
Adjusted EBITDA Margin (%)29.2%26.1%3.1pts
Profit Before Tax (£'000)36,58825,32344%
Adjusted Profit Before Tax (£'000)48,46943,37912%
Adjusted EPS (pence)25.724.17%
Operating Cash Conversion (%)89%97%(8)pts
Cash and Cash Equivalents (£'000)51,87062,877(17)%
PPHC logo PPHC

PPHC Announces Full Year 2025 Financial Results

Public Policy Holding Company Inc

Public Policy Holding Company, Inc. (PPHC) announced its full-year 2025 financial results, highlighting significant growth and strategic achievements. Revenue reached $186.5 million, a 24.7% increase year-over-year, with organic revenue growth of 6.2%. Adjusted EBITDA hit a record $45.4 million, up 17.7%, with a margin of 24.3%. The company successfully completed a $45.8 million IPO in the US and a dual listing on Nasdaq in January 2026, transitioning from net debt to a net cash position. PPHC also completed two acquisitions in 2025, expanding its capabilities and geographic reach. Despite a GAAP net loss of $39.0 million, adjusted net income rose 32.1% to $36.6 million. The company declared a final dividend of $0.240 per share, with a total dividend of $0.355 per share for FY 2025. Operationally, PPHC grew its client base to approximately 1,400, including nearly half of the Fortune 100, and ended the year with 613 clients spending over $100,000 annually. Management expects continued organic revenue growth of around 5% in 2026, supplemented by acquisitions, with Adjusted EBITDA margins around 25%.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric20242025Change%
Revenue$149.6 million$186.5 million$36.9 million24.7%
Adjusted EBITDA$38.6 million$45.4 million$6.8 million17.7%
Net Debt$17.5 million$26.6 million$9.1 million51.6%
Cash and Cash Equivalents$14.5 million$20.4 million$5.9 million40.6%
Total Debt$32.0 million$47.0 million$15.0 million46.6%
**Key Observations:** * **Revenue Growth:** PPHC experienced a significant increase in revenue from $149.6 million in 2024 to $186.5 million in 2025, representing a 24.7% growth rate. * **Adjusted EBITDA Improvement:** Adjusted EBITDA also increased from $38.6 million to $45.4 million, a 17.7% improvement, indicating enhanced operational efficiency. * **Net Debt Increase:** Net debt increased by 51.6% from $17.5 million to $26.6 million, primarily due to the acquisition of TrailRunner in Q2 2025. * **Cash Position Strengthened:** Cash and cash equivalents increased by 40.6% from $14.5 million to $20.4 million, reflecting improved liquidity. * **Total Debt Increase:** Total debt increased by 46.6% from $32.0 million to $47.0 million, likely due to financing acquisitions and operations.
TMG logo TMG

Final Results

The Mission Group plc

**Summary**
The Mission Group PLC, a collective of Creative and MarTech Agencies, reported its final results for the year ended 31 December 2025. Despite a challenging market environment, the company demonstrated resilience, maintaining strong client retention and winning new clients like Omega Watches and easyJet. However, overall financial performance was impacted by macroeconomic uncertainty, leading to extended sales cycles and restricted budgets.
**Financial Highlights**
* **Revenue Decline** Total revenue decreased by 21% to £68.8 million compared to £87.7 million in 2024.
* **Profitability** Headline operating profit fell by 44% to £5.1 million, while reported profit before tax resulted in a loss of £18.8 million.
* **Debt Reduction** Net bank debt decreased slightly to £9.0 million, and total debt, including acquisition liabilities, significantly reduced to £10.4 million.
**Strategic Initiatives**
* **Simplification** The company established a unified B2C and B2B advertising agency, streamlining operations and improving efficiency.
* **Prioritization** Focus shifted to leveraging the simplified model, driving new business performance, and evolving offerings to meet client needs.
* **Investment** Targeted investments aimed at capitalizing on strengths, expanding geographically (particularly in the US), and maintaining technological leadership through AI.
* **Cost Savings** Identified annualized cost savings of £4.0 million, supporting future growth and reinvestment.
**Board Changes**
* John Carey appointed as Group CEO, Claudine Collins as Non-Executive Director, and Jon Kempster and Emma Wright as Non-Executive Directors post year-end.
**Outlook**
* Trading in the first months of 2026 aligned with expectations.
* The company remains cautious about the challenging trading environment and macroeconomic backdrop.
* Focus on executing strategic priorities, driving growth, and returning to a positive net cash position.
Financial Metric2024 (£m)2025 (£m)Change (£m)Change (%)
Revenue (Operating Income)87.768.8-18.9-21%
Headline Operating Profit9.15.1-4.0-44%
Reported (Loss)/Profit Before Tax2.9-18.8-21.7-748%
Net Bank Debt9.59.0-0.5-5%
Total Debt14.210.4-3.8-27%
KGF logo KGF

Final Results

Kingfisher PLC

Kingfisher PLCs final results for the year ended 31 January 2026 highlight a strong performance driven by strategic progress and financial discipline. Key highlights include
**Sales Growth**Underlying like-for-like (LFL) sales increased by 1.4%, with total sales up 1.3%. UK banners led growth with LFL sales up 3.3%.
**Market Share Gains**Gains were achieved in key markets including the UK, France, and Spain, with Poland trading in line with the market.
**Strategic Delivery**Trade sales grew by 23% (excluding Screwfix), and e-commerce sales increased by 20% (excluding Screwfix). Marketplace gross merchandise value (GMV) rose by 58% to £518 million.
**Profitability**Adjusted pre-tax profit (PBT) increased by 6% to £560 million, driven by gross margin expansion and cost discipline. Statutory PBT rose by 23% to £378 million.
**Cash Flow**Free cash flow was £512 million, supported by inventory improvements.
**Shareholder Returns**A £300 million share buyback was completed, and a full-year dividend of 12.40p per share was announced. A new £300 million share buyback program was also initiated.
**Summary**
Kingfisher PLC demonstrated robust financial performance in FY 25/26, achieving sales growth, market share gains, and improved profitability through strategic initiatives and cost management. The company strengthened its trade and e-commerce businesses, expanded its digital ecosystem, and enhanced shareholder returns through dividends and share buybacks. Guidance for FY 26/27 indicates continued growth in adjusted PBT and free cash flow, supported by ongoing strategic investments and operational efficiencies.
Here is the HTML table code comparing the financials and debt year on year for Kingfisher PLC:
Metric2025/262024/25Change
Total Sales (£m)12,94512,784+1.3%
Gross Profit (£m)4,9304,763+3.5%
Operating Profit (£m)469407+15.2%
Adjusted PBT (£m)560528+6.0%
Statutory PBT (£m)378307+23.0%
Free Cash Flow (£m)512511+0.1%
Net Debt (£m)1,8782,015-6.8%
Net Leverage (x)1.41.6-12.5%
**Key Observations:** * **Sales Growth:** Total sales increased by 1.3% year-on-year, driven by underlying LFL sales growth of 1.1% and net space growth of 0.7%. * **Profitability Improvement:** Adjusted PBT increased by 6.0%, while statutory PBT saw a more significant increase of 23.0%, benefiting from lower impairment charges. * **Cash Flow Stability:** Free cash flow remained relatively stable at £512m, despite increased capital expenditure. * **Debt Reduction:** Net debt decreased by 6.8%, leading to a reduction in net leverage from 1.6x to 1.4x. This table provides a concise overview of Kingfisher PLC's financial performance and debt position, highlighting key areas of growth and improvement.
GAMA logo GAMA

Final Results

Gamma Communications PLC

Gamma Communications PLC reported significant growth in 2025, driven by strong performance in Germany, particularly through acquisitions like Placetel and Starface. Revenue increased by 11% to £645.8 million, and gross profit rose by 16% to £348.2 million. Adjusted EBITDA grew by 13% to £141.7 million, and adjusted EPS increased by 11% to 94.5p. The company returned £64 million to shareholders and plans further returns in 2026 and 2027. Despite UK SME market challenges, Gammas strategy, supported by its German expansion and improved enterprise sales, positions it well for future growth.
Here is the HTML table code comparing financials and debt year on year for Gamma Communications PLC:
Metric20242025Change
Revenue£579.4m£645.8m+11%
Gross Profit£300.3m£348.2m+16%
Adjusted EBITDA£125.5m£141.7m+13%
Profit before tax ("PBT")£95.6m£87.7m-8%
Adjusted PBT£111.9m£119.4m+7%
Total cash returned to shareholders£44.6m£64.0m+43%
Adjusted cash generated by operations£120.4m£131.8m+9%
Net (debt)/cash£153.7m (cash)(£9.3m) (debt)NM
**Notes:** * NM = Not Meaningful (due to change from net cash to net debt) * The table compares key financial metrics and debt position for Gamma Communications PLC between 2024 and 2025. * Revenue, Gross Profit, Adjusted EBITDA, and Total cash returned to shareholders increased year-on-year, while Profit before tax decreased. * The company moved from a net cash position in 2024 to a net debt position in 2025, primarily due to the acquisition of Starface and share buybacks.
RGL logo RGL

Annual Financial Report 2025 Full Year Results

Regional REIT Ltd

Regional REIT Limited, a UK-based real estate investment trust, reported its full-year results for 2025, highlighting resilient operational performance despite challenging market conditions. The company strengthened its balance sheet through a successful multi-bank refinancing of £72.4m of debt, completed £51.6m of disposals at 1.3% above book value, and reduced its loan-to-value (LTV) ratio to 40.4%. Regional REIT secured 64 new market lettings at 3.9% above 2024 ERV, demonstrating its ability to navigate a subdued leasing market.
The company acknowledged the prolonged downturn in the property cycle and geopolitical uncertainties, which have tempered near-term activity. In response, the Board adopted a more prudent approach, targeting an 8p dividend per share for 2026 and aiming to distribute a minimum of 90% of the profit from the property rental business. This strategy provides flexibility for essential capital expenditure to improve assets and capitalize on increasing demand for quality space.
Regional REITs portfolio valuation decreased to £555.2m, driven by sales and a 5.0% like-for-like decline, partially offset by capital expenditure benefits. EPRA NTA stood at £315.2m, and EPRA EPS was 11.8p. The company declared a fully covered 10p dividend for 2025 and plans to distribute a minimum of 90% of rental profits going forward.
The company continued to focus on strengthening its balance sheet, targeting similar disposal levels in 2026, with £41m of disposals already completed, contracted, or in negotiation. Net LTV improved to 40.4%, and gross borrowings decreased to £266.2m. Cash and cash equivalents were £37.7m.
Leasing performance remained strong, with 64 new lettings totaling £3.2m of rent at 3.9% above 2024 ERV. EPRA occupancy was 75.9%, and rent collection was robust at 99.3%. Regional REIT executed its capital expenditure program, improving EPC ratings, with 84.5% of the portfolio attaining EPC C or better.
The companys portfolio strategy focused on sales and investing in core assets, with 18 capital expenditure projects completed in 2025 and more underway. The core portfolio represented 62.9% of the total, with an EPRA occupancy of 86.5%.
Looking ahead, Regional REIT emphasized the structural supply-demand imbalance in regional offices, driven by high construction costs and limited new developments. The company is well-positioned to benefit from this imbalance, with a focus on quality, energy-efficient space. However, near-term market conditions are expected to remain challenging due to macroeconomic uncertainty and increased costs related to the Middle East conflict.
Post-period, Regional REIT completed £12.3m of disposals, further reducing borrowings by £7.8m. Notable lettings and renewals post-period end totaled £0.7m, reflecting 17.0% above ERV.
In summary, Regional REIT demonstrated resilience in 2025, strengthening its balance sheet, executing its portfolio strategy, and positioning itself for long-term growth in the regional office market, despite near-term challenges.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Portfolio Valuation (£m)622.5555.2-10.8%
EPRA NTA (£m)340.8315.2-7.5%
Net LTV (%)41.840.4-3.4%
Gross Borrowings (£m)316.7266.2-15.9%
Cash and Cash Equivalents (£m)56.737.7-33.5%
Net Rental Income (£m)46.040.3-12.4%
EPRA Occupancy (%)77.575.9-2.1%
Dividend per Share (p)7.810.0+28.2%
**Key Observations:** - **Portfolio Valuation:** Decreased by 10.8% from £622.5m in 2024 to £555.2m in 2025, driven by sales and a like-for-like decline. - **EPRA NTA:** Decreased by 7.5% from £340.8m in 2024 to £315.2m in 2025, reflecting changes in income and property values. - **Net LTV:** Improved slightly from 41.8% in 2024 to 40.4% in 2025 due to reduced borrowings and portfolio adjustments. - **Gross Borrowings:** Significantly decreased by 15.9% from £316.7m in 2024 to £266.2m in 2025, indicating debt reduction efforts. - **Cash and Cash Equivalents:** Decreased by 33.5% from £56.7m in 2024 to £37.7m in 2025, possibly due to increased capital expenditure or debt repayment. - **Net Rental Income:** Decreased by 12.4% from £46.0m in 2024 to £40.3m in 2025, likely due to tenant lease breaks and void costs. - **EPRA Occupancy:** Slightly decreased from 77.5% in 2024 to 75.9% in 2025, reflecting leasing challenges. - **Dividend per Share:** Increased by 28.2% from 7.8p in 2024 to 10.0p in 2025, despite financial pressures, indicating a commitment to shareholder returns.
NIOX logo NIOX

Final Results

NIOX Group PLC

NIOX Group PLC, a medical device company focused on point-of-care FeNO testing for asthma and COPD, reported strong financial and operational results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**17% increase to £48.7 million, driven by 7% growth in clinical revenue to £38.6 million and 77% growth in research revenue to £10.1 million.
**Adjusted EBITDA**Up 21% to £16.7 million, reflecting strong operational leverage.
**Profitability**Operating profit rose to £10.7 million, and profit before tax increased to £11.2 million.
**Cash Position**Strong balance sheet with cash of £19.9 million, up from £10.9 million in 2024, despite a £5.0 million dividend payment.
**Dividend**Final dividend of 1.55 pence per share recommended, up from 1.25 pence in 2024.
**Operational Performance**Total FeNO tests sold increased by 9% to 7.2 million, and the NIOX® Clinical device installed base grew by 7%.
**Product Launches**Successfully introduced the NIOX PRO® device and initiated development of the home-use NIOX MyNO® device.
**Strategic Expansion**Strengthened US commercial capabilities with a direct sales team and expanded market opportunities, including COPD.
**Post-Period Update**Japanese reimbursement rate for FeNO testing increased by 45%, and trading in 2026 has started well.
NIOX remains well-positioned for sustainable growth, supported by its strong financial position, innovative products, and expanding market opportunities in both asthma and COPD management.
Financial Metric20242025Year-on-Year Change
Revenue£41.8m£48.7m17% increase
Clinical Revenue£36.1m£38.6m7% increase
Research Revenue£5.7m£10.1m77% increase
Adjusted EBITDA£13.8m£16.7m21% increase
Cash at Year End£10.9m£19.9m82% increase
Debt£0m£0mNo change
GETB logo GETB

2025 Audited Results

GetBusy PLC

**Summary**
GetBusy PLC, a productivity software provider for professional and financial services, announced its audited results for 2025. The company reported strong growth in its SmartVault platform, which established leadership in the US tax preparation workflow market. SmartVaults annual recurring revenue (ARR) grew by 16% to $17.8 million, driven by expanded integrations, new business growth, and the launch of SmartRequestAITM. Workiro, another GetBusy platform, showed progress in enterprise and professional services markets, with ARR of £9.3 million.
Group-wide, GetBusy reported ARR growth of 8% at constant currency to £22.6 million, with recurring revenue up 6% to £21.5 million. The company highlighted the strategic importance of AI, positioning its platforms as trusted infrastructure for AI capabilities. GetBusys net cash position was £0.8 million, with available cash funds of £3.8 million. The company expects SmartVaults ARR growth to strengthen in 2026, driven by customer acquisition and AI adoption, while Workiro aims to return to modest growth.
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)Change (%)
Group ARR21,59122,5739825%
Group Recurring Revenue20,85321,5126593%
Group Total Revenue21,44522,0516063%
Group Adjusted EBITDA1,496323(1,173)(78%)
Available Cash Funds3,0623,84077825%
Net Bank (Debt) / Cash1,062840(222)(21%)
RLE logo RLE

Final Results

Real Estate Investors PLC

**Summary**
Real Estate Investors Plc (REI), a UK-based Midlands-focused Real Estate Investment Trust (REIT), reported its final results for the year ended 31 December 2025. Key highlights include
**Financial Performance** Revenue decreased to £9.4 million (from £10.8 million in 2024), with an underlying profit before tax of £2.9 million (down from £3.4 million). A pre-tax loss of £0.8 million was recorded, primarily due to a £3.0 million revaluation deficit on investment properties.
**Dividend** A fully covered dividend of 1.6p per share was declared for 2025, representing a yield of 5.2%.
**Disposals and Debt Reduction** REI completed or contracted sales of £8.0 million, using proceeds to reduce debt by £5 million to £34.2 million. Post-year-end, debt was further reduced to £33.2 million.
**Portfolio Performance** The portfolio demonstrated robust rent collection at 99.28%, with a contracted rental income of £8.3 million p.a. and an improved WAULT of 6.01 years to break and 7.50 years to expiry. Occupancy stood at 78.69%.
**Post-Year-End Activity** Occupancy improved to 78%, with contracted rental income at £8.2 million p.a. and WAULT at 5.99 years to break and 7.51 years to expiry. A healthy pipeline of new income and disposals is in progress.
**Strategic Sales Programme** REI remains focused on completing its orderly sales programme within the 3-year timeframe, aiming to repay debt and return capital to shareholders. The company is actively marketing assets and exploring options to maximize shareholder value, including potential portfolio or entire company sales.
**ESG Initiatives** REI achieved a 31% reduction in carbon emissions for landlord-controlled areas in 2025 and is transitioning to 100% green electricity contracts.
Despite market challenges, REI continues to execute its strategy, prioritizing debt reduction and shareholder returns while maintaining operational resilience.
Financial Metric20252024Change
Revenue (£ million)9.410.8-13%
Underlying Profit Before Tax (£ million)2.93.4-15%
Pre-tax Loss (£ million)-0.8-2.467% Improvement
Contracted Rental Income (£ million)8.39.0-8%
EPRA EPS (pence)1.71.9-11%
Basic Loss per Share (pence)-0.5-1.464% Improvement
Dividend per Share (pence)1.61.9-16%
Average Cost of Debt (%)5.756.5-11%
Gross Property Assets (£ million)115.7124.6-7%
EPRA NTA per Share (pence)49.151.3-4%
Debt (£ million)34.239.2-13%
Loan to Value (net of cash) (%)24.826.4-6%
Cash at Bank (£ million)6.16.9-12%
ULTP logo ULTP

Interim Results

Ultimate Products Plc

Ultimate Products PLC, owner of homeware brands Salter and Beldray, reported interim results for the six months ended 31 January 2026. Key highlights include
Revenue declined 6% to £74.5 million due to subdued consumer demand and a strategic reduction in third-party clearance sales.
International branded sales grew 19% to £27.7 million, driven by a 91% increase in sales to EU discounters.
Adjusted EBITDA fell 29% to £5.0 million, impacted by non-recurring costs related to commercial function reorganization.
Net bank debt decreased 45% to £9.7 million, with an improved net bank debt/adjusted EBITDA ratio of 0.9x.
The company continued to strengthen its commercial function, promote senior management, and invest in operational efficiency through technology.
Despite macroeconomic uncertainties, the company expects trading trends to continue in the second half, with sales marginally ahead of market expectations and profitability in line with consensus.
In summary, Ultimate Products navigated a challenging market by focusing on branded product sales, international expansion, and operational improvements, positioning itself for future growth despite near-term headwinds.
Financial MetricH1 FY25H1 FY26Change (£'000)Change (%)
Revenue£79,484£74,450(£5,034)-6%
Gross Profit£18,411£16,947(£1,464)-8%
Adjusted EBITDA£7,014£5,004(£2,010)-29%
Adjusted Profit Before Tax£5,161£3,090(£2,071)-40%
Statutory Profit Before Tax£5,809£2,416(£3,393)-58%
Net Bank Debt(£17,735)(£9,730)£8,005-45%
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Speculation 2 news titles 2
CNE logo CNE

Statement regarding press speculation

Capricorn Energy PLC

Capricorn Energy PLC confirms receiving multiple proposals from Dragon Oil to acquire its Western Desert assets but believes the la<mark style="background-color:yellow">test</mark> offer undervalues them. The company has not received a proposal for a full acquisition. The Board remains focused on maximizing shareholder value.
Speculation
PCTN logo PCTN

Response to Press Speculation

Picton Property Income Ltd

Picton Property Income Limited responds to press speculation regarding its ongoing Strategic Review and Formal Sale Process, confirming a consortium of LondonMetric Property PLC and Schroder Real Estate Investment Trust Limited is among interested parties. No firm offer has been made, and there is no certainty of terms or completion. The company will update the market as appropriate, adhering to regulatory requirements.
Speculation
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TR1 46 news titles 46
EARN logo EARN

Holding(s) in Company

EARNZ plc

TR1 Buy
['UBS Group AG - Investment Bank & Global Wealth Management', '6.199871', '5.888713']
EARN logo EARN

Holding(s) in Company

EARNZ plc

TR1 Buy
['UBS Group AG - Investment Bank & Global Wealth Management', '5.888713', '6.199871']
PHI logo PHI

Holding(s) in Company

Pacific Horizon Investment Trust

TR1 Buy
['City of London Investment Management Company Limited', '14.980000', '15.950000']
IAD logo IAD

Holding(s) in Company

Invesco Asia Dragon Trust plc

TR1 Buy
['City of London Investment Management Company Limited', '22.010000', '21.997000']
TRST logo TRST

Holding(s) in Company

Trustpilot Group PLC

TR1 Buy
['Advent Global Opportunities Master Limited Partnership', '0.064104', '5.249837']
VOF logo VOF

Holding(s) in Company

VinaCapital Vietnam Opportunity Fund

TR1 Buy
['City of London Investment Management Company Limited', '14.070000', '13.010000']
BBH logo BBH

Holding(s) in Company

Bellevue Healthcare Trust PLC

TR1 Buy
['Evelyn Partners Limited', '1.498960', '5.002842']
BMY logo BMY

Holding(s) in Company

Bloomsbury Publishing Plc

TR1 Buy
['JPMorgan Asset Management Holdings Inc.', '4.751321', '4.811441']
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Understanding 1 news title 1
Updates 13 news titles 13
DIS logo DIS

Trading Update

Distil Plc

Distil PLC reports significantly lower-than-expected Q4 and full-year revenues due to softer sales, higher stock levels in the trade, and economic pressures. Despite increased end-customer sales, overall performance is impacted by reduced consumer spending, duty increases, and delayed US distribution of Blavod black vodka. The company faces short-term funding needs and is exploring options to address them. Ardgowan Distillery faces production delays due to power supply issues, impacting funding drawdowns, with resolution expected by year-end. Promotional activities and cost reductions are underway to mitigate sales decline.
Financial Metric20252026Change
RevenueNot ProvidedMaterially Below Market ExpectationsSignificant Decline
Loss Before TaxNot ProvidedGreater Than AnticipatedIncreased Loss
UK Sales (Distributor to Customers)Not Provided+51% YoY (First Two Months of 2026)Growth
RedLeg Consumer Sales (Grocery)Not Provided+36% YoY (Christmas Period)Growth, but Below Forecast
UK Spirits Market ValueNot Provided-0.9% (12 Weeks to w/e 3 Jan 2026)Decline
Debt Funding (Ardgowan)£3m Convertible Loan NotesDelayed Due to Production IssuesFunding Gap
PZC logo PZC

Q3 TRADING UPDATE

PZ Cussons PLC

PZ Cussons PLC reported strong Q3 trading performance with 6.3% like-for-like revenue growth, continuing the positive momentum from the first half of FY26. The company expects full-year adjusted operating profit to be at the upper end of its £53-57 million guidance range, supported by stable Nigerian Naira exchange rates and effective cost management. Management has taken steps to reduce sensitivity to currency fluctuations, though final results remain subject to exchange rate movements. FY26 results will be announced on 6 August 2026.
MetricQ3 FY26H1 FY26Year-on-Year Change
Group LFL Revenue Growth6.3%9.5%Decrease (from 9.5% to 6.3%)
Reported Revenue Growth5.0%8.0%Decrease (from 8.0% to 5.0%)
Adjusted Operating Profit GuidanceUpper end of £53-57 million£53-57 millionNo change, but expectation moved to upper end
Debt Sensitivity to Nigerian NairaReducedNot specifiedImproved (due to management actions)
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Wins 0 news titles 0

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2026-03-24
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2026-03-24 35 picks
80 Positive
CNE
Capricorn Energy PLC
Positive
Capricorn Energy PLC confirms receiving multiple proposals from Dragon Oil to acquire its Western Desert assets but believes the la<mark style="background-color:yellow">test</mark> offer undervalues them. The company has not received a proposal for a full acquisition. The Board remains focused on maximizing shareholder value.
Capricorn Energy PLC confirms receiving multiple proposals from Dragon Oil to acquire its Western Desert assets but believes the la<mark style="background-color:yellow">test</mark> offer undervalues them. The company has not received a proposal for a full acquisition. The Board remains focused on maximizing shareholder value.
Speculation
15:17
80 Positive
GMET
Guardian Metal Resources PLC
Positive
Guardian Metal Resources PLC successfully closed its U.S. initial public offering (IPO) on March 24, 2026, issuing 4,444,400 American Depositary Shares (ADSs) at $13.50 each, representing 22,222,000 ordinary shares. The underwriters exercised their over-allotment option for an additional 611,553 ADSs, totaling 3,057,765 ordinary shares. Gross proceeds reached approximately $68.3 million. The ADSs were admitted to trading on AIM, with the over-allotment shares admitted the following day. The company, focused on tungsten exploration in Nevada, U.S., has 194,007,981 ordinary shares post-admission, with BMO Capital Markets as lead book-running manager. The offering was conducted via a prospectus filed with the SEC, and the announcement includes forward-looking statements and regulatory disclaimers.
Guardian Metal Resources PLC successfully closed its U.S. initial public offering (IPO) on March 24, 2026, issuing 4,444,400 American Depositary Shares (ADSs) at $13.50 each, representing 22,222,000 ordinary shares. The underwriters exercised their over-allotment option for an additional 611,553 ADSs, totaling 3,057,765 ordinary shares. Gross proceeds reached approximately $68.3 million. The ADSs were admitted to trading on AIM, with the over-allotment shares admitted the following day. The company, focused on tungsten exploration in Nevada, U.S., has 194,007,981 ordinary shares post-admission, with BMO Capital Markets as lead book-running manager. The offering was conducted via a prospectus filed with the SEC, and the announcement includes forward-looking statements and regulatory disclaimers.
Offers
14:12
80 Positive
AIRE
Alternative Income REIT PLC
Positive
Alternative Income REIT plc (AIRE) has received an indicative, non-binding proposal from AEW UK REIT plc (AEW) for a possible all-share offer, based on an exchange ratio tied to net asset values, adjusted for costs and dividends, with a 3% discount to AIREs net asset value. AIREs board is evaluating the proposal with advisors, and AEW must decide by April 21, 2026, whether to proceed with a firm offer or withdraw. Shareholders are advised to take no action at this time. The announcement triggers disclosure requirements under the City Code on Takeovers and Mergers, and the information constitutes inside information under Market Abuse Regulations.
Alternative Income REIT plc (AIRE) has received an indicative, non-binding proposal from AEW UK REIT plc (AEW) for a possible all-share offer, based on an exchange ratio tied to net asset values, adjusted for costs and dividends, with a 3% discount to AIREs net asset value. AIREs board is evaluating the proposal with advisors, and AEW must decide by April 21, 2026, whether to proceed with a firm offer or withdraw. Shareholders are advised to take no action at this time. The announcement triggers disclosure requirements under the City Code on Takeovers and Mergers, and the information constitutes inside information under Market Abuse Regulations.
Offers
11:18
80 Positive
HTWS
Helios Towers Plc
Positive
Helios Towers PLC, through its subsidiary HTA Group, Ltd, announced the launch of an offering of fixed-rate senior notes, guaranteed by the company and certain subsidiaries. The proceeds will be used to prepay $445 million in term facilities, for general corporate purposes, and to cover related fees. British International Investment plc (BII), DEG-Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG), and International Finance Corporation (IFC) have expressed interest in purchasing portions of the notes, with allocations ranging from $20 million to $75 million. The offering is restricted to non-U.S. and non-retail investors, with no public offering in the U.S. or EEA/UK retail markets. Stabilization measures may be employed post-issuance. The announcement includes forward-looking statements subject to risks and uncertainties.
Helios Towers PLC, through its subsidiary HTA Group, Ltd, announced the launch of an offering of fixed-rate senior notes, guaranteed by the company and certain subsidiaries. The proceeds will be used to prepay $445 million in term facilities, for general corporate purposes, and to cover related fees. British International Investment plc (BII), DEG-Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG), and International Finance Corporation (IFC) have expressed interest in purchasing portions of the notes, with allocations ranging from $20 million to $75 million. The offering is restricted to non-U.S. and non-retail investors, with no public offering in the U.S. or EEA/UK retail markets. Stabilization measures may be employed post-issuance. The announcement includes forward-looking statements subject to risks and uncertainties.
Launch
10:44
80 Positive
PCTN
Picton Property Income Ltd
Positive
Picton Property Income Limited responds to press speculation regarding its ongoing Strategic Review and Formal Sale Process, confirming a consortium of LondonMetric Property PLC and Schroder Real Estate Investment Trust Limited is among interested parties. No firm offer has been made, and there is no certainty of terms or completion. The company will update the market as appropriate, adhering to regulatory requirements.
Picton Property Income Limited responds to press speculation regarding its ongoing Strategic Review and Formal Sale Process, confirming a consortium of LondonMetric Property PLC and Schroder Real Estate Investment Trust Limited is among interested parties. No firm offer has been made, and there is no certainty of terms or completion. The company will update the market as appropriate, adhering to regulatory requirements.
Speculation
08:25
80 Positive
TTE
TotalEnergies SE
Positive
TotalEnergies has signed agreements with the U.S. Department of the Interior to end its U.S. offshore wind projects, relinquishing leases in Carolina Long Bay and New York Bight. The company will recover lease fees and reinvest an equal amount in U.S. gas and power production, including LNG exports. TotalEnergies cited high costs and potential negative impacts on U.S. power affordability as reasons for exiting offshore wind, opting instead to focus on more affordable energy solutions. The company also announced a Letter of Intent for LNG offtake from the Alaska LNG project and highlighted its significant investments in U.S. oil, LNG, and electricity sectors.
TotalEnergies has signed agreements with the U.S. Department of the Interior to end its U.S. offshore wind projects, relinquishing leases in Carolina Long Bay and New York Bight. The company will recover lease fees and reinvest an equal amount in U.S. gas and power production, including LNG exports. TotalEnergies cited high costs and potential negative impacts on U.S. power affordability as reasons for exiting offshore wind, opting instead to focus on more affordable energy solutions. The company also announced a Letter of Intent for LNG offtake from the Alaska LNG project and highlighted its significant investments in U.S. oil, LNG, and electricity sectors.
Agreement
07:50
93 Strong Beat
XAR
Xaar plc
Positive
Xaar PLC, an inkjet printing technology group, reported its audited results for the year ended 31 December 2025. Key highlights include: - Revenue from continuing operations increased by 12% to £60.1 million, with printhead revenue up 22% to £43.0 million. - Adjusted profit before tax from continuing operations was £0.8 million, compared to a loss of £1.0 million in 2024. - Net cash decreased to £4.9 million, after investing £2.0 million in capex and £0.9 million in share purchases. - R&D investment remained consistent at around 10% of revenue. - The company achieved a commercial breakthrough in the jewellery wax 3D printing market and made progress in other key development projects. - A new facility was opened in Dongguan, China, for ink-delivery manufacturing, customer demonstration, and supply-chain optimization. - Gross margins improved to 40%, and adjusted EBITDA increased by 56% to £3.5 million. - The company ended the year with a healthy order book and is well-positioned for further progress in 2026 and beyond.
Xaar PLC, an inkjet printing technology group, reported its audited results for the year ended 31 December 2025. Key highlights include
Revenue from continuing operations increased by 12% to £60.1 million, with printhead revenue up 22% to £43.0 million.
Adjusted profit before tax from continuing operations was £0.8 million, compared to a loss of £1.0 million in 2024.
Net cash decreased to £4.9 million, after investing £2.0 million in capex and £0.9 million in share purchases.
R&D investment remained consistent at around 10% of revenue.
The company achieved a commercial breakthrough in the jewellery wax 3D printing market and made progress in other key development projects.
A new facility was opened in Dongguan, China, for ink-delivery manufacturing, customer demonstration, and supply-chain optimization.
Gross margins improved to 40%, and adjusted EBITDA increased by 56% to £3.5 million.
The company ended the year with a healthy order book and is well-positioned for further progress in 2026 and beyond.
Financial Metric20242025Change
Revenue from Continuing Operations (£ million)53.860.1+12%
Printhead Revenue (£ million)35.243.0+22%
Adjusted Profit Before Tax (£ million)(1.0)0.8+179%
Net Cash (£ million)8.24.9-40%
Gross Margin (%)37%40%+3%
Adjusted EBITDA (£ million)2.23.5+56%
Reported Loss for the Period (£ million)(8.6)(3.0)-65%
Loss from Discontinued Operations (£ million)(2.3)(0.4)-84%
Adjusted Earnings per Share (pence)0.71.1+0.4p
Basic Loss per Share (pence)(13.7)(4.3)+9.4p
06:06
93 Strong Beat
PGH
Personal Group Holdings PLC
Positive
Personal Group Holdings PLC reported strong preliminary results for the year ended 31 December 2025, with double-digit revenue growth and adjusted EBITDA ahead of market expectations. Key highlights include: - **Revenue Growth**: Group revenue increased by 11% to £48.4 million, driven by growth across all divisions. - **Recurring Revenue**: Annualised recurring revenue (ARR) rose by 12% to £48.6 million, with over 90% of revenue derived from recurring sources like insurance and SaaS subscriptions. - **Adjusted EBITDA**: Up 22% to £12.1 million, surpassing market expectations of £11.6 million. - **Profitability**: Profit before tax increased by 23% to £8.4 million, and basic EPS grew by 32% to 23.3p. - **Dividend**: A 41% increase in the full-year dividend to 23.3p per share, reflecting strong cash generation and confidence in the business model. - **Operational Performance**: Record insurance sales, strong customer retention (81.7%), and new client wins (e.g., Avery, Securitas, Harbour Healthcare) expanded the addressable customer base. - **Strategic Progress**: Continued uptake of the Benefits & Rewards platform, renewed partnerships (e.g., Sage), and new digital insurance offerings. - **Balance Sheet**: Strong liquidity with £29.0 million in cash and no debt, positioning the Group well for future growth. - **Outlook**: Confidence in achieving 2030 aspirations of £100 million revenue, £30 million EBITDA, and £20 million SaaS ARR, supported by strategic pillars of Adoption, Expansion, Innovation, and Partnering. The Group remains focused on delivering meaningful impact for employers and employees, particularly in a challenging economic environment.
Personal Group Holdings PLC reported strong preliminary results for the year ended 31 December 2025, with double-digit revenue growth and adjusted EBITDA ahead of market expectations. Key highlights include
**Revenue Growth**Group revenue increased by 11% to £48.4 million, driven by growth across all divisions.
**Recurring Revenue**Annualised recurring revenue (ARR) rose by 12% to £48.6 million, with over 90% of revenue derived from recurring sources like insurance and SaaS subscriptions.
**Adjusted EBITDA**Up 22% to £12.1 million, surpassing market expectations of £11.6 million.
**Profitability**Profit before tax increased by 23% to £8.4 million, and basic EPS grew by 32% to 23.3p.
**Dividend**A 41% increase in the full-year dividend to 23.3p per share, reflecting strong cash generation and confidence in the business model.
**Operational Performance**Record insurance sales, strong customer retention (81.7%), and new client wins (e.g., Avery, Securitas, Harbour Healthcare) expanded the addressable customer base.
**Strategic Progress**Continued uptake of the Benefits & Rewards platform, renewed partnerships (e.g., Sage), and new digital insurance offerings.
**Balance Sheet**Strong liquidity with £29.0 million in cash and no debt, positioning the Group well for future growth.
**Outlook**Confidence in achieving 2030 aspirations of £100 million revenue, £30 million EBITDA, and £20 million SaaS ARR, supported by strategic pillars of Adoption, Expansion, Innovation, and Partnering.
The Group remains focused on delivering meaningful impact for employers and employees, particularly in a challenging economic environment.
Year-on-Year Financial and Debt Comparison (2024 vs 2025)
Metric20242025Change
Group Revenue (£'000)43,80048,400+11%
Adjusted EBITDA (£'000)10,00012,100+21%
Profit Before Tax (£'000)6,8008,400+23%
Basic EPS (pence)17.723.3+32%
Cash and Bank Deposits (£'000)27,40029,000+6%
DebtNoneNoneNo Change
Final Dividend (pence per share)16.523.3+41%
06:03
80 Positive
STAF
Staffline Group Plc
Positive
Staffline Group PLC announces the launch of a share buyback program, intending to purchase up to 4,971,315 ordinary shares at 10 pence each, with shares to be cancelled post-purchase. The buyback aims to enhance shareholder value, aligned with the companys disciplined capital allocation strategy, considering growth, investments, cash generation, and leverage. The program operates under shareholder authority granted at the 2025 AGM, with specific price and volume limits, and Panmure Liberum appointed to execute purchases. The buyback may exceed EU volume restrictions, potentially falling outside safe harbour provisions. Staffline, a leading UK recruitment group, operates in Recruitment GB and Recruitment Ireland, supplying flexible workers across various industries.
Staffline Group PLC announces the launch of a share buyback program, intending to purchase up to 4,971,315 ordinary shares at 10 pence each, with shares to be cancelled post-purchase. The buyback aims to enhance shareholder value, aligned with the companys disciplined capital allocation strategy, considering growth, investments, cash generation, and leverage. The program operates under shareholder authority granted at the 2025 AGM, with specific price and volume limits, and Panmure Liberum appointed to execute purchases. The buyback may exceed EU volume restrictions, potentially falling outside safe harbour provisions. Staffline, a leading UK recruitment group, operates in Recruitment GB and Recruitment Ireland, supplying flexible workers across various industries.
Launch
06:02
93 Strong Beat
FEVR
Fevertree Drinks Plc
Positive
Fevertree Drinks PLCs preliminary results for FY25 (ending December 31, 2025) highlight positive strategic progress, with Fever-Tree brand revenue growing 4% year-on-year (constant currency), accelerating to 5% in H2. Diversification efforts are gaining traction, with 45% of group revenue now from products beyond tonic. The US market showed strong momentum despite the Molson Coors transition, positioning the company for accelerated growth in 2026. UK revenue dipped 2%, but performance improved in H2, driven by strong Off-Trade sales. Europe maintained market share gains, with Ginger Beer as a standout performer. Adjusted EBITDA, excluding a £2.8m provision for the UK EPR Levy, was £45.2m, in line with guidance. The company completed a £100m share buyback and initiated a further £30m buyback, reflecting its cash generative model. Despite geopolitical uncertainties, Fevertree remains confident in its 2026 outlook, aligning with market expectations.
Fevertree Drinks PLCs preliminary results for FY25 (ending December 31, 2025) highlight positive strategic progress, with Fever-Tree brand revenue growing 4% year-on-year (constant currency), accelerating to 5% in H2. Diversification efforts are gaining traction, with 45% of group revenue now from products beyond tonic. The US market showed strong momentum despite the Molson Coors transition, positioning the company for accelerated growth in 2026. UK revenue dipped 2%, but performance improved in H2, driven by strong Off-Trade sales. Europe maintained market share gains, with Ginger Beer as a standout performer. Adjusted EBITDA, excluding a £2.8m provision for the UK EPR Levy, was £45.2m, in line with guidance. The company completed a £100m share buyback and initiated a further £30m buyback, reflecting its cash generative model. Despite geopolitical uncertainties, Fevertree remains confident in its 2026 outlook, aligning with market expectations.
MetricFY25FY24YoY ChangeConstant Currency Change
Revenue
US£131.9m£128.0m3%6%
UK£108.4m£111.1m-2%-2%
Europe (Fever-Tree brand revenue)£94.7m£92.7m2%2%
ROW£37.7m£32.2m17%22%
Total Adjusted Fever-Tree Revenue£372.7m£364.0m2%4%
GDP brand revenue£2.6m£4.5m-42%-43%
Total Adjusted Revenue£375.3m£368.5m2%3%
Profitability
Adjusted EBITDA£42.4m£50.7m-16%-
Adjusted EBITDA margin11.3%13.7%-240bps-
Earnings
Diluted EPS (pence per share)18.62p20.85p-11%-
Normalised EPS (pence per share)24.12p28.01p-14%-
Dividends
Ordinary Dividend (pence per share)17.31p16.97p2%-
Cash
Cash£91.1m£96.0m-5%-
06:01
93 Strong Beat
CNS
Corero Network Security plc
Positive
Corero Network Security PLC reported its final results for the year ended 31 December 2025, highlighting strong sales traction and EBITDA growth in H2 2025, ahead of market expectations. Key financial highlights include revenues of $25.5 million (up from $24.6 million in FY 2024), EBITDA of $1.5 million, and adjusted EBITDA of $2.0 million. Annual Recurring Revenues (ARR) increased by 23% to $23.9 million, driven by strong demand for subscription-based and DDoS Protection as-a-Service (DDPaaS) products. Order intake grew by 20% to $33.8 million, with a 98% customer retention rate. Despite a loss before taxation of $0.7 million, the company demonstrated positive cash generation in H2 2025 and ended the year with net cash of $4.0 million. Operationally, Corero secured significant customer renewals and expansions, including a $6.8 million deal with a leading US cloud computing provider. The company also expanded its global footprint, particularly in Latin America and the Middle East, through strategic partnerships and new customer wins. Management remains confident in delivering sustained ARR growth and transitioning to a subscription-based model, despite global economic uncertainties. The DDoS market remains buoyant, driven by increasing cyber threats and regulatory demands, positioning Corero for future growth.
Corero Network Security PLC reported its final results for the year ended 31 December 2025, highlighting strong sales traction and EBITDA growth in H2 2025, ahead of market expectations. Key financial highlights include revenues of $25.5 million (up from $24.6 million in FY 2024), EBITDA of $1.5 million, and adjusted EBITDA of $2.0 million. Annual Recurring Revenues (ARR) increased by 23% to $23.9 million, driven by strong demand for subscription-based and DDoS Protection as-a-Service (DDPaaS) products. Order intake grew by 20% to $33.8 million, with a 98% customer retention rate. Despite a loss before taxation of $0.7 million, the company demonstrated positive cash generation in H2 2025 and ended the year with net cash of $4.0 million. Operationally, Corero secured significant customer renewals and expansions, including a $6.8 million deal with a leading US cloud computing provider. The company also expanded its global footprint, particularly in Latin America and the Middle East, through strategic partnerships and new customer wins. Management remains confident in delivering sustained ARR growth and transitioning to a subscription-based model, despite global economic uncertainties. The DDoS market remains buoyant, driven by increasing cyber threats and regulatory demands, positioning Corero for future growth.
Financial Metric2025 ($'000)2024 ($'000)Year-on-Year Change
Revenue25,49924,559+3.8%
EBITDA1,4942,500-40.2%
Adjusted EBITDA2,0003,000-33.3%
Annual Recurring Revenues (ARR)23,90019,500+22.6%
Order Intake33,80028,200+19.9%
Net Cash4,0345,321-24.2%
Gross Margins90%91%-1.1%
Loss Before Taxation(653)555N/A (Loss vs Profit)
### Key Observations: 1. **Revenue Growth**: Revenue increased by 3.8% year-on-year, driven by strong sales traction in H2 2025. 2. **EBITDA and Adjusted EBITDA Decline**: Both EBITDA and Adjusted EBITDA decreased significantly, reflecting higher operating expenses and the transition to a subscription-based model. 3. **ARR Growth**: ARR grew by 22.6%, indicating strong demand for subscription-based and DDPaaS products. 4. **Order Intake Increase**: Order intake increased by 19.9%, supported by strong momentum in H2 2025. 5. **Net Cash Decrease**: Net cash decreased by 24.2%, despite positive cash generation in H2 2025, likely due to increased investment in R&D and new product development. 6. **Gross Margins**: Gross margins slightly decreased by 1.1%, possibly due to changes in product mix and increased costs. 7. **Loss Before Taxation**: The company moved from a profit to a loss before taxation, reflecting higher operating expenses and the impact of the subscription-based model transition.
06:01
93 Strong Beat
STAF
Staffline Group Plc
Positive
**Summary:** Staffline Group PLC reported strong FY 2025 results, significantly exceeding market expectations. Key highlights include: - **Financial Performance:** Revenue grew by 11.5% to £1,106.7 million, gross profit increased by 10.6% to £78.3 million, and operating profit surged by 31.3% to £13.0 million. Profit before taxation rose by 48.0% to £7.4 million, and profit after tax (total activities) increased by 157.8% to £4.8 million. - **Operational Strength:** The company achieved organic market share growth, particularly in the UK temporary recruitment sector, and secured a significant new strategic partnership with a leading logistics provider. - **Divisional Performance:** Recruitment GB division saw revenue growth of 13.6% and operating profit growth of 30.0%. Recruitment Ireland achieved 10.3% growth in permanent white-collar recruitment fees. - **Strategic Focus:** The disposal of PeoplePlus in February 2025 transformed Staffline into a pure-play recruitment specialist, enhancing its market-leading position. - **Balance Sheet and Shareholder Returns:** The company maintained a strong balance sheet, supporting a share buyback program. Net cash (pre-IFRS 16) was £1.5 million, and the company reduced its share count by 13% during the year. - **Outlook:** Management remains cautiously optimistic for FY 2026, expecting continued growth despite macroeconomic risks, driven by defensive markets and a healthy new business pipeline. Overall, Stafflines exceptional performance in FY 2025 reflects its successful strategy, operational efficiency, and focus on organic growth, positioning it well for future expansion.
**Summary**
Staffline Group PLC reported strong FY 2025 results, significantly exceeding market expectations. Key highlights include
**Financial Performance** Revenue grew by 11.5% to £1,106.7 million, gross profit increased by 10.6% to £78.3 million, and operating profit surged by 31.3% to £13.0 million. Profit before taxation rose by 48.0% to £7.4 million, and profit after tax (total activities) increased by 157.8% to £4.8 million.
**Operational Strength** The company achieved organic market share growth, particularly in the UK temporary recruitment sector, and secured a significant new strategic partnership with a leading logistics provider.
**Divisional Performance** Recruitment GB division saw revenue growth of 13.6% and operating profit growth of 30.0%. Recruitment Ireland achieved 10.3% growth in permanent white-collar recruitment fees.
**Strategic Focus** The disposal of PeoplePlus in February 2025 transformed Staffline into a pure-play recruitment specialist, enhancing its market-leading position.
**Balance Sheet and Shareholder Returns** The company maintained a strong balance sheet, supporting a share buyback program. Net cash (pre-IFRS 16) was £1.5 million, and the company reduced its share count by 13% during the year.
**Outlook** Management remains cautiously optimistic for FY 2026, expecting continued growth despite macroeconomic risks, driven by defensive markets and a healthy new business pipeline.
Overall, Stafflines exceptional performance in FY 2025 reflects its successful strategy, operational efficiency, and focus on organic growth, positioning it well for future expansion.
Metric20242025Change
Revenue (£m)992.91,106.7+11.5%
Gross Profit (£m)70.878.3+10.6%
Operating Profit (£m)9.913.0+31.3%
Profit Before Taxation (£m)5.07.4+48.0%
Profit After Tax (£m)(8.3)4.8+157.8%
EBITDA (£m)12.416.5+33.1%
Net Cash (pre-IFRS 16) (£m)9.61.5-£8.1m
Net (Debt)/Cash (post-IFRS 16) (£m)4.9(2.5)-£7.4m
06:01
93 Strong Beat
CSN
Chesnara
Positive
**Summary:** Chesnara PLCs 2025 full-year results highlight a transformative year marked by strategic acquisitions, robust financial performance, and operational excellence. The company reported significant growth across key metrics, driven by disciplined operational delivery and exceptional capital markets activity. **Financial Highlights:** - **Cash:** Operating Capital Generation (OCG) increased by 19% to £94m, and Cash Remittances rose by 30% to £58m. - **Capital:** Solvency Coverage Ratio improved to 257%, and Own Funds grew by 34% to £859m. - **Value:** Adjusted Operating Profit (AOP) surged by 42% to £56m, and Assets under Administration (AUA) increased by 10% to £15bn. **Strategic Milestones:** - **Acquisitions:** Completed the acquisition of HSBC Life (UK) in January 2026, rebranded as Chesnara Life, and announced the acquisition of Scottish Widows Europe SA in February 2026, expanding into Luxembourg. - **Integrations:** UK integrations, including Chesnara Life, are progressing well, and Dutch entities were successfully merged, simplifying the footprint. - **Capital Raises:** Successfully raised £140m in equity and £150m in RT1 bonds, supporting future growth and M&A activities. - **Dividend:** Recommended a 6% increase in the final dividend to 14.80p per share, with a total dividend for FY 2025 of 22.50p per share. **Operational Performance:** - **UK:** Continued implementation of the Transition and Transformation program, with four migrations completed and planning underway for Chesnara Life integration. - **Sweden:** Strong growth in the custodian business, supported by new partnerships and distribution agreements. - **Netherlands:** Completed the legal merger of Scildon and Waard, with further integration planned to realize synergies. **Sustainability:** - Published the first Climate Transition Plan in September 2025, outlining steps to achieve net-zero emissions by 2050. **Outlook:** - The company expects further opportunities for growth, supported by a robust M&A pipeline and a strong track record of disciplined execution. The addition of Chesnara Life and Scottish Widows Europe SA is anticipated to enhance resilience and long-term Operating Capital Generation potential. Chesnaras 2025 results demonstrate its ability to deliver strong financial performance while executing strategic initiatives, positioning the company for continued growth and value creation.
**Summary**
Chesnara PLCs 2025 full-year results highlight a transformative year marked by strategic acquisitions, robust financial performance, and operational excellence. The company reported significant growth across key metrics, driven by disciplined operational delivery and exceptional capital markets activity.
**Financial Highlights**
**Cash** Operating Capital Generation (OCG) increased by 19% to £94m, and Cash Remittances rose by 30% to £58m.
**Capital** Solvency Coverage Ratio improved to 257%, and Own Funds grew by 34% to £859m.
**Value** Adjusted Operating Profit (AOP) surged by 42% to £56m, and Assets under Administration (AUA) increased by 10% to £15bn.
**Strategic Milestones**
**Acquisitions** Completed the acquisition of HSBC Life (UK) in January 2026, rebranded as Chesnara Life, and announced the acquisition of Scottish Widows Europe SA in February 2026, expanding into Luxembourg.
**Integrations** UK integrations, including Chesnara Life, are progressing well, and Dutch entities were successfully merged, simplifying the footprint.
**Capital Raises** Successfully raised £140m in equity and £150m in RT1 bonds, supporting future growth and M&A activities.
**Dividend** Recommended a 6% increase in the final dividend to 14.80p per share, with a total dividend for FY 2025 of 22.50p per share.
**Operational Performance**
**UK** Continued implementation of the Transition and Transformation program, with four migrations completed and planning underway for Chesnara Life integration.
**Sweden** Strong growth in the custodian business, supported by new partnerships and distribution agreements.
**Netherlands** Completed the legal merger of Scildon and Waard, with further integration planned to realize synergies.
**Sustainability**
Published the first Climate Transition Plan in September 2025, outlining steps to achieve net-zero emissions by 2050.
**Outlook**
The company expects further opportunities for growth, supported by a robust M&A pipeline and a strong track record of disciplined execution. The addition of Chesnara Life and Scottish Widows Europe SA is anticipated to enhance resilience and long-term Operating Capital Generation potential.
Chesnaras 2025 results demonstrate its ability to deliver strong financial performance while executing strategic initiatives, positioning the company for continued growth and value creation.
Here is the comparison of financials and debt year on year in an HTML table format:
MetricFY 2025FY 2024% Change
Operating Capital Generation (OCG)£94m£79m19%
Cash Remittances£58m£45m30%
Solvency Coverage Ratio257%203%54ppts
Own Funds£859m£643m34%
Adjusted Operating Profit (AOP)£56m£39m42%
Assets under Administration (AUA)£15bn£14bn10%
IFRS Profit Before Tax£19m£21m(9%)
IFRS Capital Base£694m£449m55%
Leverage22%31%(29%)

Note: Debt information is not explicitly provided in the text, but the Leverage ratio is included as a proxy for debt levels.

This table compares the key financial metrics for Chesnara PLC between FY 2025 and FY 2024, showing the percentage change year on year. The leverage ratio is included as a proxy for debt levels, although explicit debt figures are not provided in the text.
06:01
88 Trading Edge
PZC
PZ Cussons PLC
Positive
PZ Cussons PLC reported strong Q3 trading performance with 6.3% like-for-like revenue growth, continuing the positive momentum from the first half of FY26. The company expects full-year adjusted operating profit to be at the upper end of its £53-57 million guidance range, supported by stable Nigerian Naira exchange rates and effective cost management. Management has taken steps to reduce sensitivity to currency fluctuations, though final results remain subject to exchange rate movements. FY26 results will be announced on 6 August 2026.
PZ Cussons PLC reported strong Q3 trading performance with 6.3% like-for-like revenue growth, continuing the positive momentum from the first half of FY26. The company expects full-year adjusted operating profit to be at the upper end of its £53-57 million guidance range, supported by stable Nigerian Naira exchange rates and effective cost management. Management has taken steps to reduce sensitivity to currency fluctuations, though final results remain subject to exchange rate movements. FY26 results will be announced on 6 August 2026.
MetricQ3 FY26H1 FY26Year-on-Year Change
Group LFL Revenue Growth6.3%9.5%Decrease (from 9.5% to 6.3%)
Reported Revenue Growth5.0%8.0%Decrease (from 8.0% to 5.0%)
Adjusted Operating Profit GuidanceUpper end of £53-57 million£53-57 millionNo change, but expectation moved to upper end
Debt Sensitivity to Nigerian NairaReducedNot specifiedImproved (due to management actions)
06:01
93 Strong Beat
TMT
TMT Investments PLC
Positive
TMT Investments PLC, a venture capital company investing in high-growth technology firms, reported its final results for the year ended 31 December 2025. Key highlights include a net asset value (NAV) per share of US$7.13, up 8.9% year-on-year, and a total NAV of US$220.8 million. The company achieved an internal rate of return (IRR) of 14% per annum since inception. TMT made US$1.5 million in additional investments in 2025 and received US$5.5 million from cash disposals and dividends, including significant gains from Scale AI and partial disposals of Bolt and Backblaze. The company also completed a US$1.7 million share buyback program. Despite macroeconomic challenges, TMTs portfolio demonstrated resilience, with positive revaluations in seven companies offset by write-downs in nine others. The company maintained a cautious investment approach, adding two new companies to its portfolio. TMT ended the year with US$5.0 million in cash reserves and no financial debt, positioning it well to navigate market volatility and pursue strategic investments. The Annual General Meeting is scheduled for 19 May 2026.
TMT Investments PLC, a venture capital company investing in high-growth technology firms, reported its final results for the year ended 31 December 2025. Key highlights include a net asset value (NAV) per share of US$7.13, up 8.9% year-on-year, and a total NAV of US$220.8 million. The company achieved an internal rate of return (IRR) of 14% per annum since inception. TMT made US$1.5 million in additional investments in 2025 and received US$5.5 million from cash disposals and dividends, including significant gains from Scale AI and partial disposals of Bolt and Backblaze. The company also completed a US$1.7 million share buyback program. Despite macroeconomic challenges, TMTs portfolio demonstrated resilience, with positive revaluations in seven companies offset by write-downs in nine others. The company maintained a cautious investment approach, adding two new companies to its portfolio. TMT ended the year with US$5.0 million in cash reserves and no financial debt, positioning it well to navigate market volatility and pursue strategic investments. The Annual General Meeting is scheduled for 19 May 2026.
Financial Metric20242025Year-on-Year Change
NAV per share (US$)6.557.13+8.9%
Total NAV (US$ million)205.9220.8+7.2%
IRR from inception (%)14.514-3.4%
Additional investments (US$ million)5.91.5-74.6%
Cash disposals and dividends received (US$ million)5.95.5-6.8%
Cash and cash equivalents (US$ million)5.25.0-3.8%
Debt (US$ million)000%
06:01
93 Strong Beat
YOU
YouGov plc
Positive
YouGov PLCs half-year report for the six months ended 31 January 2026 highlights a resilient performance with 2% revenue growth to £194.8 million, driven by sustained demand in the Research division. Statutory operating profit grew by 14% to £16.8 million, while adjusted operating profit decreased by 20% to £24.0 million due to investments in the Shopper division and strategic areas. The company maintained a solid balance sheet with £32.8 million in cash and a leverage ratio of 2.1x net debt to EBITDA. Key operational highlights include a focus on strengthening core Data Products, good performance in the Research division, and targeted investment in the Shopper business. The company also launched AI-driven innovations like YouGov BrandIndex Voices and initiated a strategic review of the Shopper division to unlock long-term value. Looking ahead, YouGov expects FY26 adjusted operating profit to be £52-£56 million, considering a £6 million incremental investment in Shopper. The Board plans to launch a share buyback program instead of an annual dividend, reflecting confidence in the companys intrinsic value. A Value Delivery Plan has been mobilized to improve efficiency and margins, with Wave 1 completed and Wave 2 in planning, aiming for an annualized margin uplift of over 350bps.
YouGov PLCs half-year report for the six months ended 31 January 2026 highlights a resilient performance with 2% revenue growth to £194.8 million, driven by sustained demand in the Research division. Statutory operating profit grew by 14% to £16.8 million, while adjusted operating profit decreased by 20% to £24.0 million due to investments in the Shopper division and strategic areas. The company maintained a solid balance sheet with £32.8 million in cash and a leverage ratio of 2.1x net debt to EBITDA.
Key operational highlights include a focus on strengthening core Data Products, good performance in the Research division, and targeted investment in the Shopper business. The company also launched AI-driven innovations like YouGov BrandIndex Voices and initiated a strategic review of the Shopper division to unlock long-term value.
Looking ahead, YouGov expects FY26 adjusted operating profit to be £52-£56 million, considering a £6 million incremental investment in Shopper. The Board plans to launch a share buyback program instead of an annual dividend, reflecting confidence in the companys intrinsic value. A Value Delivery Plan has been mobilized to improve efficiency and margins, with Wave 1 completed and Wave 2 in planning, aiming for an annualized margin uplift of over 350bps.
Financial Metric2025 (Six Months)2026 (Six Months)Year-on-Year Change
Revenue (£m)191.7194.8+1.6% (2% reported)
Adjusted Operating Profit (£m)30.124.0-20% (reported)
Statutory Operating Profit (£m)14.816.8+14%
Adjusted Profit Before Tax (£m)24.116.8-30%
Statutory Profit Before Tax (£m)8.38.6+4%
Adjusted Basic Earnings per Share (pence)17.111.4-33%
Statutory Basic Earnings per Share (pence)6.85.7-16%
Net Debt (£m)158.3160.3+1.3%
Leverage Ratio (Net Debt/EBITDA)2.0x2.1x+5%
06:01
93 Strong Beat
SFOR
S4 Capital PLC
Positive
**Summary:** S4 Capital PLCs audited 2025 results show a decline in reported net revenue by 10.8% to £673.0 million, with a like-for-like decrease of 8.4%. Operational EBITDA decreased by 7.5% to £81.2 million, but the margin improved to 12.1%. Net debt reduced to £86.9 million, below the targeted range, and the company repurchased €25.7 million of its Term Loan B at a discount. A final dividend of 1.1p per share, a 10% increase, was proposed. For 2026, like-for-like net revenue is expected to be slightly below 2025, with an operational EBITDA margin targeted to increase by at least 100 basis points. The companys strategy remains focused on digital advertising and marketing services, leveraging AI and first-party data to drive growth. Despite macroeconomic challenges, S4 Capital is confident in its long-term growth prospects, supported by its unified digital transformation model and strong client relationships.
**Summary**
S4 Capital PLCs audited 2025 results show a decline in reported net revenue by 10.8% to £673.0 million, with a like-for-like decrease of 8.4%. Operational EBITDA decreased by 7.5% to £81.2 million, but the margin improved to 12.1%. Net debt reduced to £86.9 million, below the targeted range, and the company repurchased €25.7 million of its Term Loan B at a discount. A final dividend of 1.1p per share, a 10% increase, was proposed. For 2026, like-for-like net revenue is expected to be slightly below 2025, with an operational EBITDA margin targeted to increase by at least 100 basis points. The companys strategy remains focused on digital advertising and marketing services, leveraging AI and first-party data to drive growth. Despite macroeconomic challenges, S4 Capital is confident in its long-term growth prospects, supported by its unified digital transformation model and strong client relationships.
Financial Metric20242025Change
Reported Net Revenue (£ millions)754.6673.0(10.8%)
Like-for-Like Net Revenue (£ millions)734.9673.0(8.4%)
Operational EBITDA (£ millions)87.881.2(7.5%)
Operational EBITDA Margin11.6%12.1%50bps increase
Year End Net Debt (£ millions)(142.9)(86.9)39.2% improvement
Free Cash Flow (£ millions)37.886.548.7 increase
06:01
93 Strong Beat
JNEO
Journeo PLC
Positive
Journeo PLC, a provider of intelligent systems for transport networks and critical national infrastructure, reported its final results for the year ended 31 December 2025. Key highlights include: - **Financial Performance**: Revenue increased by 11% to £55.0 million, gross profit rose by 23% to £21.8 million, and adjusted profit before tax grew by 13% to £5.7 million. Cash and cash equivalents stood at £12.0 million. - **Operational Achievements**: - Acquired Crime and Fire Defence Systems Limited, expanding capabilities into adjacent markets. - Secured a £10 million framework award from First Bus UK, with an additional £3.5 million extension into First Bus London. - Won a £4.2 million purchase order from Alstom SA for rail on-vehicle systems. - Continued international expansion with new orders from Outfront Media. - Maintained all ISO and cyber security certifications. - **Strategic Focus**: Emphasis on customer-centric approach, innovation, and strategic acquisitions to drive sustainable growth. - **Outlook**: Strong order book, disciplined capital management, and a talented team position Journeo for further growth, despite external market risks. **Summary**: Journeo PLC achieved record financial and operational results in 2025, driven by organic growth, strategic acquisitions, and expanded market reach. The company is well-positioned for future growth with a strong order book, innovative solutions, and a focus on customer needs.
Journeo PLC, a provider of intelligent systems for transport networks and critical national infrastructure, reported its final results for the year ended 31 December 2025. Key highlights include
**Financial Performance**Revenue increased by 11% to £55.0 million, gross profit rose by 23% to £21.8 million, and adjusted profit before tax grew by 13% to £5.7 million. Cash and cash equivalents stood at £12.0 million.
**Operational Achievements**
Acquired Crime and Fire Defence Systems Limited, expanding capabilities into adjacent markets.
Secured a £10 million framework award from First Bus UK, with an additional £3.5 million extension into First Bus London.
Won a £4.2 million purchase order from Alstom SA for rail on-vehicle systems.
Continued international expansion with new orders from Outfront Media.
Maintained all ISO and cyber security certifications.
**Strategic Focus**Emphasis on customer-centric approach, innovation, and strategic acquisitions to drive sustainable growth.
**Outlook**Strong order book, disciplined capital management, and a talented team position Journeo for further growth, despite external market risks.
**Summary**Journeo PLC achieved record financial and operational results in 2025, driven by organic growth, strategic acquisitions, and expanded market reach. The company is well-positioned for future growth with a strong order book, innovative solutions, and a focus on customer needs.
Financial Metric20242025Change
Revenue (£'000)49,55855,02211%
Gross Profit (£'000)17,68021,80123%
Adjusted Profit before Tax (£'000)5,0135,68013%
Cash and Cash Equivalents (£'000)14,31812,029-16%
Diluted Earnings per Share (pence)26.2923.83-9%
Net Current Assets (£'000)16,51911,643-30%
Net Cash Flows from Operating Activities (£'000)7,5918,2168%
06:01
93 Strong Beat
EVPL
Everplay Group PLC
Positive
Everplay Group plc, a leading global indie developer and publisher of premium video games, working simulation games, and childrens edutainment apps, reported its unaudited final results for the year ended 31 December 2025. The company achieved double-digit profit growth and strong margin expansion, supported by growth in new release revenues and successful platform partnerships. Revenue remained flat at £166.0 million, but gross profit increased by 10% to £76.3 million, and adjusted EBITDA rose by 11% to £48.5 million. The company continued its strategic priorities, including new first-party IP releases and acquisitions of IP and back-catalogue publishing rights. Everplay released 11 new titles, entered partnerships with major platforms like Netflix Games and Nintendo Switch 2, and made strategic acquisitions, including a minority stake in Super Media Group and the rights to the Hammerwatch franchise. The companys financial performance was driven by strong new release revenues, up 80%, and a resilient back catalogue, which accounted for 75% of total revenues. Everplay ended the year with a cash balance of £51.9 million and declared a final ordinary dividend of 1.9 pence per share. The company is optimistic about its outlook, with an exciting pipeline of new games and apps for FY 2026, and expects to achieve results in line with market expectations.
Everplay Group plc, a leading global indie developer and publisher of premium video games, working simulation games, and childrens edutainment apps, reported its unaudited final results for the year ended 31 December 2025. The company achieved double-digit profit growth and strong margin expansion, supported by growth in new release revenues and successful platform partnerships. Revenue remained flat at £166.0 million, but gross profit increased by 10% to £76.3 million, and adjusted EBITDA rose by 11% to £48.5 million. The company continued its strategic priorities, including new first-party IP releases and acquisitions of IP and back-catalogue publishing rights. Everplay released 11 new titles, entered partnerships with major platforms like Netflix Games and Nintendo Switch 2, and made strategic acquisitions, including a minority stake in Super Media Group and the rights to the Hammerwatch franchise. The companys financial performance was driven by strong new release revenues, up 80%, and a resilient back catalogue, which accounted for 75% of total revenues. Everplay ended the year with a cash balance of £51.9 million and declared a final ordinary dividend of 1.9 pence per share. The company is optimistic about its outlook, with an exciting pipeline of new games and apps for FY 2026, and expects to achieve results in line with market expectations.
Financial Metric20252024Change
Revenue (£'000)165,995166,624(0%)
Gross Profit (£'000)76,32269,37410%
Gross Profit Margin (%)46.0%41.6%4.4pts
Adjusted EBITDA (£'000)48,47543,54911%
Adjusted EBITDA Margin (%)29.2%26.1%3.1pts
Profit Before Tax (£'000)36,58825,32344%
Adjusted Profit Before Tax (£'000)48,46943,37912%
Adjusted EPS (pence)25.724.17%
Operating Cash Conversion (%)89%97%(8)pts
Cash and Cash Equivalents (£'000)51,87062,877(17)%
06:01
80 Positive
PXEN
Prospex Energy PLC
Positive
Prospex Energy PLC announces its wholly-owned subsidiary, PXEN Tatra, has formally accepted offers for the San and Dunajec onshore licenses in Poland, advancing its expansion into the country. These licenses, located in southern Poland’s prolific Carpathian foredeep gas play, offer 100% ownership, proven gas production areas, and potential for accelerated development, including an undeveloped oil discovery in Dunajec. The administrative award process is expected to conclude by May 2026, with a €289,000 fee payable from recent cash raises. Prospex plans to fund work programs through production income and farm-in partnerships, leveraging Poland’s supportive regulatory environment for natural gas investment.
Prospex Energy PLC announces its wholly-owned subsidiary, PXEN Tatra, has formally accepted offers for the San and Dunajec onshore licenses in Poland, advancing its expansion into the country. These licenses, located in southern Poland’s prolific Carpathian foredeep gas play, offer 100% ownership, proven gas production areas, and potential for accelerated development, including an undeveloped oil discovery in Dunajec. The administrative award process is expected to conclude by May 2026, with a €289,000 fee payable from recent cash raises. Prospex plans to fund work programs through production income and farm-in partnerships, leveraging Poland’s supportive regulatory environment for natural gas investment.
Offers
06:01
93 Strong Beat
PPHC
Public Policy Holding Company Inc
Positive
Public Policy Holding Company, Inc. (PPHC) announced its full-year 2025 financial results, highlighting significant growth and strategic achievements. Revenue reached $186.5 million, a 24.7% increase year-over-year, with organic revenue growth of 6.2%. Adjusted EBITDA hit a record $45.4 million, up 17.7%, with a margin of 24.3%. The company successfully completed a $45.8 million IPO in the US and a dual listing on Nasdaq in January 2026, transitioning from net debt to a net cash position. PPHC also completed two acquisitions in 2025, expanding its capabilities and geographic reach. Despite a GAAP net loss of $39.0 million, adjusted net income rose 32.1% to $36.6 million. The company declared a final dividend of $0.240 per share, with a total dividend of $0.355 per share for FY 2025. Operationally, PPHC grew its client base to approximately 1,400, including nearly half of the Fortune 100, and ended the year with 613 clients spending over $100,000 annually. Management expects continued organic revenue growth of around 5% in 2026, supplemented by acquisitions, with Adjusted EBITDA margins around 25%.
Public Policy Holding Company, Inc. (PPHC) announced its full-year 2025 financial results, highlighting significant growth and strategic achievements. Revenue reached $186.5 million, a 24.7% increase year-over-year, with organic revenue growth of 6.2%. Adjusted EBITDA hit a record $45.4 million, up 17.7%, with a margin of 24.3%. The company successfully completed a $45.8 million IPO in the US and a dual listing on Nasdaq in January 2026, transitioning from net debt to a net cash position. PPHC also completed two acquisitions in 2025, expanding its capabilities and geographic reach. Despite a GAAP net loss of $39.0 million, adjusted net income rose 32.1% to $36.6 million. The company declared a final dividend of $0.240 per share, with a total dividend of $0.355 per share for FY 2025. Operationally, PPHC grew its client base to approximately 1,400, including nearly half of the Fortune 100, and ended the year with 613 clients spending over $100,000 annually. Management expects continued organic revenue growth of around 5% in 2026, supplemented by acquisitions, with Adjusted EBITDA margins around 25%.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric20242025Change%
Revenue$149.6 million$186.5 million$36.9 million24.7%
Adjusted EBITDA$38.6 million$45.4 million$6.8 million17.7%
Net Debt$17.5 million$26.6 million$9.1 million51.6%
Cash and Cash Equivalents$14.5 million$20.4 million$5.9 million40.6%
Total Debt$32.0 million$47.0 million$15.0 million46.6%
**Key Observations:** * **Revenue Growth:** PPHC experienced a significant increase in revenue from $149.6 million in 2024 to $186.5 million in 2025, representing a 24.7% growth rate. * **Adjusted EBITDA Improvement:** Adjusted EBITDA also increased from $38.6 million to $45.4 million, a 17.7% improvement, indicating enhanced operational efficiency. * **Net Debt Increase:** Net debt increased by 51.6% from $17.5 million to $26.6 million, primarily due to the acquisition of TrailRunner in Q2 2025. * **Cash Position Strengthened:** Cash and cash equivalents increased by 40.6% from $14.5 million to $20.4 million, reflecting improved liquidity. * **Total Debt Increase:** Total debt increased by 46.6% from $32.0 million to $47.0 million, likely due to financing acquisitions and operations.
06:01
93 Strong Beat
TMG
The Mission Group plc
Positive
**Summary:** The Mission Group PLC, a collective of Creative and MarTech Agencies, reported its final results for the year ended 31 December 2025. Despite a challenging market environment, the company demonstrated resilience, maintaining strong client retention and winning new clients like Omega Watches and easyJet. However, overall financial performance was impacted by macroeconomic uncertainty, leading to extended sales cycles and restricted budgets. **Financial Highlights:** * **Revenue Decline:** Total revenue decreased by 21% to £68.8 million compared to £87.7 million in 2024. * **Profitability:** Headline operating profit fell by 44% to £5.1 million, while reported profit before tax resulted in a loss of £18.8 million. * **Debt Reduction:** Net bank debt decreased slightly to £9.0 million, and total debt, including acquisition liabilities, significantly reduced to £10.4 million. **Strategic Initiatives:** * **Simplification:** The company established a unified B2C and B2B advertising agency, streamlining operations and improving efficiency. * **Prioritization:** Focus shifted to leveraging the simplified model, driving new business performance, and evolving offerings to meet client needs. * **Investment:** Targeted investments aimed at capitalizing on strengths, expanding geographically (particularly in the US), and maintaining technological leadership through AI. * **Cost Savings:** Identified annualized cost savings of £4.0 million, supporting future growth and reinvestment. **Board Changes:** * John Carey appointed as Group CEO, Claudine Collins as Non-Executive Director, and Jon Kempster and Emma Wright as Non-Executive Directors post year-end. **Outlook:** * Trading in the first months of 2026 aligned with expectations. * The company remains cautious about the challenging trading environment and macroeconomic backdrop. * Focus on executing strategic priorities, driving growth, and returning to a positive net cash position.
**Summary**
The Mission Group PLC, a collective of Creative and MarTech Agencies, reported its final results for the year ended 31 December 2025. Despite a challenging market environment, the company demonstrated resilience, maintaining strong client retention and winning new clients like Omega Watches and easyJet. However, overall financial performance was impacted by macroeconomic uncertainty, leading to extended sales cycles and restricted budgets.
**Financial Highlights**
* **Revenue Decline** Total revenue decreased by 21% to £68.8 million compared to £87.7 million in 2024.
* **Profitability** Headline operating profit fell by 44% to £5.1 million, while reported profit before tax resulted in a loss of £18.8 million.
* **Debt Reduction** Net bank debt decreased slightly to £9.0 million, and total debt, including acquisition liabilities, significantly reduced to £10.4 million.
**Strategic Initiatives**
* **Simplification** The company established a unified B2C and B2B advertising agency, streamlining operations and improving efficiency.
* **Prioritization** Focus shifted to leveraging the simplified model, driving new business performance, and evolving offerings to meet client needs.
* **Investment** Targeted investments aimed at capitalizing on strengths, expanding geographically (particularly in the US), and maintaining technological leadership through AI.
* **Cost Savings** Identified annualized cost savings of £4.0 million, supporting future growth and reinvestment.
**Board Changes**
* John Carey appointed as Group CEO, Claudine Collins as Non-Executive Director, and Jon Kempster and Emma Wright as Non-Executive Directors post year-end.
**Outlook**
* Trading in the first months of 2026 aligned with expectations.
* The company remains cautious about the challenging trading environment and macroeconomic backdrop.
* Focus on executing strategic priorities, driving growth, and returning to a positive net cash position.
Financial Metric2024 (£m)2025 (£m)Change (£m)Change (%)
Revenue (Operating Income)87.768.8-18.9-21%
Headline Operating Profit9.15.1-4.0-44%
Reported (Loss)/Profit Before Tax2.9-18.8-21.7-748%
Net Bank Debt9.59.0-0.5-5%
Total Debt14.210.4-3.8-27%
06:01
93 Strong Beat
KGF
Kingfisher PLC
Positive
Kingfisher PLCs final results for the year ended 31 January 2026 highlight a strong performance driven by strategic progress and financial discipline. Key highlights include: - **Sales Growth**: Underlying like-for-like (LFL) sales increased by 1.4%, with total sales up 1.3%. UK banners led growth with LFL sales up 3.3%. - **Market Share Gains**: Gains were achieved in key markets including the UK, France, and Spain, with Poland trading in line with the market. - **Strategic Delivery**: Trade sales grew by 23% (excluding Screwfix), and e-commerce sales increased by 20% (excluding Screwfix). Marketplace gross merchandise value (GMV) rose by 58% to £518 million. - **Profitability**: Adjusted pre-tax profit (PBT) increased by 6% to £560 million, driven by gross margin expansion and cost discipline. Statutory PBT rose by 23% to £378 million. - **Cash Flow**: Free cash flow was £512 million, supported by inventory improvements. - **Shareholder Returns**: A £300 million share buyback was completed, and a full-year dividend of 12.40p per share was announced. A new £300 million share buyback program was also initiated. **Summary:** Kingfisher PLC demonstrated robust financial performance in FY 25/26, achieving sales growth, market share gains, and improved profitability through strategic initiatives and cost management. The company strengthened its trade and e-commerce businesses, expanded its digital ecosystem, and enhanced shareholder returns through dividends and share buybacks. Guidance for FY 26/27 indicates continued growth in adjusted PBT and free cash flow, supported by ongoing strategic investments and operational efficiencies.
Kingfisher PLCs final results for the year ended 31 January 2026 highlight a strong performance driven by strategic progress and financial discipline. Key highlights include
**Sales Growth**Underlying like-for-like (LFL) sales increased by 1.4%, with total sales up 1.3%. UK banners led growth with LFL sales up 3.3%.
**Market Share Gains**Gains were achieved in key markets including the UK, France, and Spain, with Poland trading in line with the market.
**Strategic Delivery**Trade sales grew by 23% (excluding Screwfix), and e-commerce sales increased by 20% (excluding Screwfix). Marketplace gross merchandise value (GMV) rose by 58% to £518 million.
**Profitability**Adjusted pre-tax profit (PBT) increased by 6% to £560 million, driven by gross margin expansion and cost discipline. Statutory PBT rose by 23% to £378 million.
**Cash Flow**Free cash flow was £512 million, supported by inventory improvements.
**Shareholder Returns**A £300 million share buyback was completed, and a full-year dividend of 12.40p per share was announced. A new £300 million share buyback program was also initiated.
**Summary**
Kingfisher PLC demonstrated robust financial performance in FY 25/26, achieving sales growth, market share gains, and improved profitability through strategic initiatives and cost management. The company strengthened its trade and e-commerce businesses, expanded its digital ecosystem, and enhanced shareholder returns through dividends and share buybacks. Guidance for FY 26/27 indicates continued growth in adjusted PBT and free cash flow, supported by ongoing strategic investments and operational efficiencies.
Here is the HTML table code comparing the financials and debt year on year for Kingfisher PLC:
Metric2025/262024/25Change
Total Sales (£m)12,94512,784+1.3%
Gross Profit (£m)4,9304,763+3.5%
Operating Profit (£m)469407+15.2%
Adjusted PBT (£m)560528+6.0%
Statutory PBT (£m)378307+23.0%
Free Cash Flow (£m)512511+0.1%
Net Debt (£m)1,8782,015-6.8%
Net Leverage (x)1.41.6-12.5%
**Key Observations:** * **Sales Growth:** Total sales increased by 1.3% year-on-year, driven by underlying LFL sales growth of 1.1% and net space growth of 0.7%. * **Profitability Improvement:** Adjusted PBT increased by 6.0%, while statutory PBT saw a more significant increase of 23.0%, benefiting from lower impairment charges. * **Cash Flow Stability:** Free cash flow remained relatively stable at £512m, despite increased capital expenditure. * **Debt Reduction:** Net debt decreased by 6.8%, leading to a reduction in net leverage from 1.6x to 1.4x. This table provides a concise overview of Kingfisher PLC's financial performance and debt position, highlighting key areas of growth and improvement.
06:01
93 Strong Beat
GAMA
Gamma Communications PLC
Positive
Gamma Communications PLC reported significant growth in 2025, driven by strong performance in Germany, particularly through acquisitions like Placetel and Starface. Revenue increased by 11% to £645.8 million, and gross profit rose by 16% to £348.2 million. Adjusted EBITDA grew by 13% to £141.7 million, and adjusted EPS increased by 11% to 94.5p. The company returned £64 million to shareholders and plans further returns in 2026 and 2027. Despite UK SME market challenges, Gammas strategy, supported by its German expansion and improved enterprise sales, positions it well for future growth.
Gamma Communications PLC reported significant growth in 2025, driven by strong performance in Germany, particularly through acquisitions like Placetel and Starface. Revenue increased by 11% to £645.8 million, and gross profit rose by 16% to £348.2 million. Adjusted EBITDA grew by 13% to £141.7 million, and adjusted EPS increased by 11% to 94.5p. The company returned £64 million to shareholders and plans further returns in 2026 and 2027. Despite UK SME market challenges, Gammas strategy, supported by its German expansion and improved enterprise sales, positions it well for future growth.
Here is the HTML table code comparing financials and debt year on year for Gamma Communications PLC:
Metric20242025Change
Revenue£579.4m£645.8m+11%
Gross Profit£300.3m£348.2m+16%
Adjusted EBITDA£125.5m£141.7m+13%
Profit before tax ("PBT")£95.6m£87.7m-8%
Adjusted PBT£111.9m£119.4m+7%
Total cash returned to shareholders£44.6m£64.0m+43%
Adjusted cash generated by operations£120.4m£131.8m+9%
Net (debt)/cash£153.7m (cash)(£9.3m) (debt)NM
**Notes:** * NM = Not Meaningful (due to change from net cash to net debt) * The table compares key financial metrics and debt position for Gamma Communications PLC between 2024 and 2025. * Revenue, Gross Profit, Adjusted EBITDA, and Total cash returned to shareholders increased year-on-year, while Profit before tax decreased. * The company moved from a net cash position in 2024 to a net debt position in 2025, primarily due to the acquisition of Starface and share buybacks.
06:01
93 Strong Beat
NIOX
NIOX Group PLC
Positive
NIOX Group PLC, a medical device company focused on point-of-care FeNO testing for asthma and COPD, reported strong financial and operational results for the year ended 31 December 2025. Key highlights include: - **Revenue Growth**: 17% increase to £48.7 million, driven by 7% growth in clinical revenue to £38.6 million and 77% growth in research revenue to £10.1 million. - **Adjusted EBITDA**: Up 21% to £16.7 million, reflecting strong operational leverage. - **Profitability**: Operating profit rose to £10.7 million, and profit before tax increased to £11.2 million. - **Cash Position**: Strong balance sheet with cash of £19.9 million, up from £10.9 million in 2024, despite a £5.0 million dividend payment. - **Dividend**: Final dividend of 1.55 pence per share recommended, up from 1.25 pence in 2024. - **Operational Performance**: Total FeNO tests sold increased by 9% to 7.2 million, and the NIOX® Clinical device installed base grew by 7%. - **Product Launches**: Successfully introduced the NIOX PRO® device and initiated development of the home-use NIOX MyNO® device. - **Strategic Expansion**: Strengthened US commercial capabilities with a direct sales team and expanded market opportunities, including COPD. - **Post-Period Update**: Japanese reimbursement rate for FeNO testing increased by 45%, and trading in 2026 has started well. NIOX remains well-positioned for sustainable growth, supported by its strong financial position, innovative products, and expanding market opportunities in both asthma and COPD management.
NIOX Group PLC, a medical device company focused on point-of-care FeNO testing for asthma and COPD, reported strong financial and operational results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**17% increase to £48.7 million, driven by 7% growth in clinical revenue to £38.6 million and 77% growth in research revenue to £10.1 million.
**Adjusted EBITDA**Up 21% to £16.7 million, reflecting strong operational leverage.
**Profitability**Operating profit rose to £10.7 million, and profit before tax increased to £11.2 million.
**Cash Position**Strong balance sheet with cash of £19.9 million, up from £10.9 million in 2024, despite a £5.0 million dividend payment.
**Dividend**Final dividend of 1.55 pence per share recommended, up from 1.25 pence in 2024.
**Operational Performance**Total FeNO tests sold increased by 9% to 7.2 million, and the NIOX® Clinical device installed base grew by 7%.
**Product Launches**Successfully introduced the NIOX PRO® device and initiated development of the home-use NIOX MyNO® device.
**Strategic Expansion**Strengthened US commercial capabilities with a direct sales team and expanded market opportunities, including COPD.
**Post-Period Update**Japanese reimbursement rate for FeNO testing increased by 45%, and trading in 2026 has started well.
NIOX remains well-positioned for sustainable growth, supported by its strong financial position, innovative products, and expanding market opportunities in both asthma and COPD management.
Financial Metric20242025Year-on-Year Change
Revenue£41.8m£48.7m17% increase
Clinical Revenue£36.1m£38.6m7% increase
Research Revenue£5.7m£10.1m77% increase
Adjusted EBITDA£13.8m£16.7m21% increase
Cash at Year End£10.9m£19.9m82% increase
Debt£0m£0mNo change
06:01
93 Strong Beat
GETB
GetBusy PLC
Positive
**Summary:** GetBusy PLC, a productivity software provider for professional and financial services, announced its audited results for 2025. The company reported strong growth in its SmartVault platform, which established leadership in the US tax preparation workflow market. SmartVaults annual recurring revenue (ARR) grew by 16% to $17.8 million, driven by expanded integrations, new business growth, and the launch of SmartRequestAITM. Workiro, another GetBusy platform, showed progress in enterprise and professional services markets, with ARR of £9.3 million. Group-wide, GetBusy reported ARR growth of 8% at constant currency to £22.6 million, with recurring revenue up 6% to £21.5 million. The company highlighted the strategic importance of AI, positioning its platforms as trusted infrastructure for AI capabilities. GetBusys net cash position was £0.8 million, with available cash funds of £3.8 million. The company expects SmartVaults ARR growth to strengthen in 2026, driven by customer acquisition and AI adoption, while Workiro aims to return to modest growth.
**Summary**
GetBusy PLC, a productivity software provider for professional and financial services, announced its audited results for 2025. The company reported strong growth in its SmartVault platform, which established leadership in the US tax preparation workflow market. SmartVaults annual recurring revenue (ARR) grew by 16% to $17.8 million, driven by expanded integrations, new business growth, and the launch of SmartRequestAITM. Workiro, another GetBusy platform, showed progress in enterprise and professional services markets, with ARR of £9.3 million.
Group-wide, GetBusy reported ARR growth of 8% at constant currency to £22.6 million, with recurring revenue up 6% to £21.5 million. The company highlighted the strategic importance of AI, positioning its platforms as trusted infrastructure for AI capabilities. GetBusys net cash position was £0.8 million, with available cash funds of £3.8 million. The company expects SmartVaults ARR growth to strengthen in 2026, driven by customer acquisition and AI adoption, while Workiro aims to return to modest growth.
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)Change (%)
Group ARR21,59122,5739825%
Group Recurring Revenue20,85321,5126593%
Group Total Revenue21,44522,0516063%
Group Adjusted EBITDA1,496323(1,173)(78%)
Available Cash Funds3,0623,84077825%
Net Bank (Debt) / Cash1,062840(222)(21%)
06:01
93 Strong Beat
ULTP
Ultimate Products Plc
Positive
Ultimate Products PLC, owner of homeware brands Salter and Beldray, reported interim results for the six months ended 31 January 2026. Key highlights include: - Revenue declined 6% to £74.5 million due to subdued consumer demand and a strategic reduction in third-party clearance sales. - International branded sales grew 19% to £27.7 million, driven by a 91% increase in sales to EU discounters. - Adjusted EBITDA fell 29% to £5.0 million, impacted by non-recurring costs related to commercial function reorganization. - Net bank debt decreased 45% to £9.7 million, with an improved net bank debt/adjusted EBITDA ratio of 0.9x. - The company continued to strengthen its commercial function, promote senior management, and invest in operational efficiency through technology. - Despite macroeconomic uncertainties, the company expects trading trends to continue in the second half, with sales marginally ahead of market expectations and profitability in line with consensus. In summary, Ultimate Products navigated a challenging market by focusing on branded product sales, international expansion, and operational improvements, positioning itself for future growth despite near-term headwinds.
Ultimate Products PLC, owner of homeware brands Salter and Beldray, reported interim results for the six months ended 31 January 2026. Key highlights include
Revenue declined 6% to £74.5 million due to subdued consumer demand and a strategic reduction in third-party clearance sales.
International branded sales grew 19% to £27.7 million, driven by a 91% increase in sales to EU discounters.
Adjusted EBITDA fell 29% to £5.0 million, impacted by non-recurring costs related to commercial function reorganization.
Net bank debt decreased 45% to £9.7 million, with an improved net bank debt/adjusted EBITDA ratio of 0.9x.
The company continued to strengthen its commercial function, promote senior management, and invest in operational efficiency through technology.
Despite macroeconomic uncertainties, the company expects trading trends to continue in the second half, with sales marginally ahead of market expectations and profitability in line with consensus.
In summary, Ultimate Products navigated a challenging market by focusing on branded product sales, international expansion, and operational improvements, positioning itself for future growth despite near-term headwinds.
Financial MetricH1 FY25H1 FY26Change (£'000)Change (%)
Revenue£79,484£74,450(£5,034)-6%
Gross Profit£18,411£16,947(£1,464)-8%
Adjusted EBITDA£7,014£5,004(£2,010)-29%
Adjusted Profit Before Tax£5,161£3,090(£2,071)-40%
Statutory Profit Before Tax£5,809£2,416(£3,393)-58%
Net Bank Debt(£17,735)(£9,730)£8,005-45%
06:01
98 Exceptional
QBT
Quantum Blockchain Technologies Plc
Positive
Quantum Blockchain Technologies Plc (QBT) announces the commencement of live in-house <mark style="background-color:yellow">test</mark>ing of its AI Oracle software on a Bitmain Antminer S9 (S9) mining rig, a project initiated in August 2025. The goal is to demonstrate enhanced performance to potential customers using a commercial-grade mining rig. Historically, QBT relied on a software simulator, but feedback from US-based Bitcoin mining companies prompted the shift to an industry-recognized rig like the S9, chosen for its open-source operating system and firmware. QBT has successfully modified the S9’s OS and FPGA firmware for AI Oracle integration, which involves data collection, integration, and performance testing. This project aims to secure commercial demonstrations with large Bitcoin miners, targeting companies with proprietary control boards and aftermarket system integrators. Simultaneously, QBT is testing the AI Oracle on a third-party ASIC manufacturer’s rig in its Milan lab, though results from this project will remain confidential. CEO Francesco Gardin highlighted the milestone of transitioning from a simulator to a full multi-ASIC mining rig, emphasizing the potential to expand QBT’s market reach through demonstrated mining efficiency improvements.
Quantum Blockchain Technologies Plc (QBT) announces the commencement of live in-house <mark style="background-color:yellow">test</mark>ing of its AI Oracle software on a Bitmain Antminer S9 (S9) mining rig, a project initiated in August 2025. The goal is to demonstrate enhanced performance to potential customers using a commercial-grade mining rig. Historically, QBT relied on a software simulator, but feedback from US-based Bitcoin mining companies prompted the shift to an industry-recognized rig like the S9, chosen for its open-source operating system and firmware. QBT has successfully modified the S9’s OS and FPGA firmware for AI Oracle integration, which involves data collection, integration, and performance testing. This project aims to secure commercial demonstrations with large Bitcoin miners, targeting companies with proprietary control boards and aftermarket system integrators. Simultaneously, QBT is testing the AI Oracle on a third-party ASIC manufacturer’s rig in its Milan lab, though results from this project will remain confidential. CEO Francesco Gardin highlighted the milestone of transitioning from a simulator to a full multi-ASIC mining rig, emphasizing the potential to expand QBT’s market reach through demonstrated mining efficiency improvements.
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0N9G
0N9G Endesa SA
17:25
Market

AGM Statement

LGEN
LGEN Legal & General Group PLC
17:16
Market

Director/PDMR Shareholding

LLOY
LLOY Lloyds Banking Group PLC
17:09
Market

Transaction in Own Shares

BRGE
BRGE BlackRock Greater Europe In…
17:05
Market

Transaction in Own Shares

EARN
EARN EARNZ plc
17:02
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['UBS Group AG - Investment Bank & Global Wealth Management', '6.199871', '5.888713']
CRCL
CRCL Corcel PLC
17:01
Market

TR-1: Notification of major holdings

TR1 Buy

TR1 Buy
['RS & CA Jennings', '3.94', '4.36']
EARN
EARN EARNZ plc
17:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['UBS Group AG - Investment Bank & Global Wealth Management', '5.888713', '6.199871']
CYN
CYN CQS Natural Resources Growt…
16:56
Market

Transaction in Own Shares

KEYS
KEYS Keystone Law Group PLC
16:36
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
BA.
BA. BA.
16:36
Market

Director/PDMR Shareholding

<mark style="background-color:yellow">Purchase</mark> of deferred shares under the DBP.

<mark style="background-coloryellow">Purchase</mark> of deferred shares under the DBP.
MIG3
MIG3 Maven Income And Growth Vct…
16:33
Market

Annual Financial Report

GCP
GCP GCP Infrastructure Investme…
16:33
Market

Transaction in Own Shares

BERI
BERI Blackrock Energy and Resour…
16:33
Market

Transaction in Own Shares

FEML
FEML Fidelity Emerging Markets O…
16:32
Market

Transaction in Own Shares

BNKR
BNKR Bankers Investment Trust
16:31
Market

Transaction in Own Shares

FGT
FGT Finsbury Growth & Income Tr…
16:28
Market

Transaction in Own Shares

SCF
SCF Schroder Income Growth Fund
16:25
Market

Transaction in Own Shares

SDP
SDP Schroder Asia Pacific Fund
16:24
Market

Transaction in Own Shares

SAIN
SAIN Scottish American Investmen…
16:23
Market

Transaction in Own Shares

MTU
MTU Montanaro UK Smaller Compan…
16:22
Market

Transaction in Own Shares

POLR
POLR Polar Capital Holdings plc
16:21
Market

Transaction in Own Shares

ESCT
ESCT The European Smaller Compan…
16:19
Market

Transaction in Own Shares

PCT
PCT Polar Capital Technology Tr…
16:19
Market

Transaction in Own Shares

SST
SST The Scottish Oriental Small…
16:18
Market

Transaction in Own Shares

JEDT
JEDT JPMorgan Euro Small Compani…
16:17
Market

Transaction in Own Shares

MONY
MONY MONY Group plc
16:16
Market

Transaction in Own Shares

BGCG
BGCG Baillie Gifford China Growt…
16:15
Market

Transaction in Own Shares

MTE
MTE Montanaro European Smaller …
16:14
Market

Transaction in Own Shares

FCSS
FCSS Fidelity China Special Situ…
16:14
Market

Transaction in Own Shares

HEAD
HEAD Headlam Group
16:13
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
WYN
WYN Wynnstay Group Plc
16:12
Market

Result of AGM

AUSC
AUSC Abrdn UK Smaller Companies …
16:11
Market

Transaction in Own Shares

BGEU
BGEU Baillie Gifford European Gr…
16:11
Market

Transaction in Own Shares

IMB
IMB Imperial Brands PLC
16:11
Market

Transaction in Own Shares

ANII
ANII Aberdeen New India Investme…
16:10
Market

Transaction in Own Shares

SOI
SOI Schroder Oriental Income Fu…
16:10
Market

Transaction in Own Shares

BHMG
BHMG BH Macro Limited
16:10
Market

Transaction in Own Shares

SCP
SCP Schroder UK Mid Cap Fund PLC
16:09
Market

Transaction in Own Shares

SBO
SBO Schroder British Opportunit…
16:09
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Schroders Plc', '26.792171', 0]
PCFT
PCFT Polar Capital Global Financ…
16:09
Market

Transaction in Own Shares

JMGI
JMGI JPMorgan Emerging Markets I…
16:09
Market

Transaction in Own Shares

AAS
AAS Abrdn Asia Focus PLC
16:08
Market

Transaction in Own Shares

MRC
MRC The Mercantile Investment T…
16:08
Market

Transaction in Own Shares

HGT
HGT HG Capital Trust PLC
16:07
Market

Transaction in Own Shares

CGT
CGT Capital Gearing Trust
16:07
Market

Transaction in Own Shares

BGUK
BGUK Baillie Gifford UK Growth F…
16:06
Market

Transaction in Own Shares

GSCT
GSCT The Global Smaller Companie…
16:05
Market

Transaction in Own Shares

JFJ
JFJ JPMorgan Japanese Investmen…
16:04
Market

Transaction in Own Shares

JAM
JAM JPMorgan American Investmen…
16:04
Market

Transaction in Own Shares

IAG
IAG International Consolidated …
16:04
Market

Share Capital Reduction

JUSC
JUSC JPmorgan US Smaller Compani…
16:04
Market

Transaction in Own Shares

ATT
ATT Allianz Technology Trust PLC
16:03
Market

Transaction in Own Shares

FEV
FEV Fidelity European Values
16:01
Market

Transaction in Own Shares

DPA
DPA DP Aircraft I Limited
16:01
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">PURCHASE</mark> OF SHARES
JIGI
JIGI JPMorgan India Growth & Inc…
16:00
Market

Transaction in Own Shares

BGFD
BGFD Baillie Gifford Japan Trust
15:58
Market

Transaction in Own Shares

FCIT
FCIT F&C Investment Trust PLC
15:58
Market

Transaction in Own Shares

RMV
RMV Rightmove PLC
15:58
Market

Transaction in Own Shares

FSFL
FSFL Foresight Solar Fund Ltd
15:57
Market

Transaction in Own Shares

IAD
IAD Invesco Asia Dragon Trust p…
15:57
Market

Transaction in Own Shares

MNKS
MNKS Monks Investment Trust PLC
15:56
Market

Transaction in Own Shares

TEM
TEM Templeton Emerging Markets …
15:52
Market

Transaction in Own Shares

UEM
UEM Utilico Emerging Markets Ltd
15:49
Market

Transaction in Own Shares & Total Voting Rights

SMT
SMT Scottish Mortgage Investmen…
15:49
Market

Transaction in Own Shares

OSB
OSB OneSavings Bank PLC
15:47
Market

Director/PDMR Shareholding

ASL
ASL Aberforth Smaller Companies…
15:46
Market

Transaction in Own Shares

SEA
SEA Seascape Energy Asia plc
15:46
Market

Proposed Equity Fundraise

STS
STS STS Global Income & Growth …
15:45
Market

Transaction in Own Shares

YNGA
YNGA Young & Co’S Brewery A
15:43
Market

Director/PDMR Shareholding

KLR
KLR Keller Group PLC
15:41
Market

Director/PDMR Shareholding

BREE
BREE Breedon Group PLC
15:37
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['BlackRock, Inc.', '4.930000', '5.140000']
HFEL
HFEL Henderson Far East Income L…
15:37
Market

Issue of Equity

PNL
PNL Personal Assets Trust plc
15:32
Market

Transaction in Own Shares

FARN
FARN Faron Pharmaceuticals Oy
15:31
Market

FARON PHARMACEUTICALS LTD: HOLDING(S) IN COMPANY

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

<mark style="background-coloryellow">TR1</mark> Buy
['City and country of registered office (if applicable) Monaco', '', 0]
HSBA
HSBA HSBC Holdings PLC
15:31
Market

Director/PDMR Shareholding

BME
BME B&M European Value Retail SA
15:31
Market

Major Holding(s) in Company - TR1

TR1 Buy

TR1 Buy
HDD
HDD Hardide PLC
15:31
Market

Result of AGM

VCT
VCT Victrex plc
15:30
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
YNGA
YNGA Young & Co’S Brewery A
15:30
Market

Director/PDMR Shareholding

OBI
OBI Ondine Biomedical Inc
15:29
Market

Holdings in Company

TR1 Buy

TR1 Buy
['M&G Plc', '14.294787', '13.041900']
GFTU
GFTU Grafton Group plc
15:29
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
STJ
STJ St. Jamess Place plc
15:26
Market

Notice of AGM

CHRY
CHRY Chrysalis Investments Ltd
15:25
Market

Results of EGM

HDD
HDD Hardide PLC
15:23
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
CNE
CNE Capricorn Energy PLC
15:17
Market

Statement regarding press speculation

Capricorn Energy PLC confirms receiving multiple proposals from Dragon Oil to acquire its Western Desert assets but believes the la<mark style="background-color:yellow">test</mark> offer undervalues them. The company has not received a pro…

Capricorn Energy PLC confirms receiving multiple proposals from Dragon Oil to acquire its Western Desert assets but believes the la<mark style="background-color:yellow">test</mark> offer undervalues them. The company has not received a proposal for a full acquisition. The Board remains focused on maximizing shareholder value.
Speculation
PHI
PHI Pacific Horizon Investment …
15:17
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['City of London Investment Management Company Limited', '14.980000', '15.950000']
EWI
EWI Edinburgh Worldwide Investm…
15:15
Market

Further re: EWIT Q&A session on 27 March by Chair

CNE
CNE Capricorn Energy PLC
15:11
Market

Form 8.3 - Capricorn Energy PLC

BGEO
BGEO Lion Finance Group PLC
15:06
Market

Transaction in Own Shares

BSRT
BSRT Baker Steel Resources Trust
15:05
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['First Equity Limited', '5.059192', '4.994624']
OIT
OIT Odyssean Investment Trust P…
15:01
Market

Issue of Equity

NWG
NWG NatWest Group PLC
15:01
Market

Notice of AGM

IAD
IAD Invesco Asia Dragon Trust p…
14:55
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['City of London Investment Management Company Limited', '22.010000', '21.997000']
TRST
TRST Trustpilot Group PLC
14:55
Market

Director/PDMR Shareholding

BGS
BGS Baillie Gifford Shin Nippon…
14:54
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
TRST
TRST Trustpilot Group PLC
14:46
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Advent Global Opportunities Master Limited Partnership', '0.064104', '5.249837']
AEWU
AEWU AEW UK REIT Plc
14:45
Market

Statement Regarding Possible Offer for AIRE

Im unable to provide a summary without the text.

Im unable to provide a summary without the text.
Offers
CHI
CHI CT UK High Income Ord
14:43
Market

Director/PDMR Shareholding

ORIT
ORIT Octopus Renewables Infra Tr…
14:43
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
RCFX
RCFX RC Fornax Plc
14:34
Market

Results of AGM

GKP
GKP Gulf Keystone Petroleum Ltd
14:31
Market

Director / PDMR Shareholdings

SERE
SERE Schroder European Reit Plc
14:31
Market

Director/PDMR Shareholding

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

Share <mark style="background-coloryellow">purchase</mark>
LSEG
LSEG London Stock Exchange Group…
14:31
Market

Notice of Noteholder Meeting

RVRG
RVRG River Global Plc
14:26
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of Shares
JTC
JTC JTC PLC
14:26
Market

Form 8.3

AUGM
AUGM Augmentum Fintech PLC
14:26
Market

Form 8.3

SDR
SDR Schroders PLC
14:26
Market

Form 8.3

IPF
IPF International Personal Fina…
14:26
Market

Form 8.3

JUST
JUST Just Group plc
14:26
Market

Form 8.3

BEZ
BEZ Beazley plc
14:26
Market

Form 8.3

NIOX
NIOX NIOX Group PLC
14:23
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Artemis Investment Management LLP', '4.14952', 0]
PSN
PSN Persimmon PLC
14:21
Market

Director/PDMR Shareholding

0A28
0A28 Prosus N.V.
14:20
Market

Transaction in Own Shares

CYN
CYN CQS Natural Resources Growt…
14:16
Market

Monthly Factsheet as at 28 February 2026

OTB
OTB On The Beach Group PLC
14:13
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
GMET
GMET Guardian Metal Resources PLC
14:12
Market

Closing of U.S. Initial Public Offering

Guardian Metal Resources PLC successfully closed its U.S. initial public offering (IPO) on March 24, 2026, issuing 4,444,400 American Depositary Shares (ADSs) at $13.50 each, representing 22,222,000 ordinary shares. The underwriters exerci…

Guardian Metal Resources PLC successfully closed its U.S. initial public offering (IPO) on March 24, 2026, issuing 4,444,400 American Depositary Shares (ADSs) at $13.50 each, representing 22,222,000 ordinary shares. The underwriters exercised their over-allotment option for an additional 611,553 ADSs, totaling 3,057,765 ordinary shares. Gross proceeds reached approximately $68.3 million. The ADSs were admitted to trading on AIM, with the over-allotment shares admitted the following day. The company, focused on tungsten exploration in Nevada, U.S., has 194,007,981 ordinary shares post-admission, with BMO Capital Markets as lead book-running manager. The offering was conducted via a prospectus filed with the SEC, and the announcement includes forward-looking statements and regulatory disclaimers.
Offers
NBS
NBS Nationwide Building Society
14:10
Market

Publication of Final Terms

BARC
BARC Barclays PLC
14:04
Market

Form 8.3 JUST GROUP PLC

BARC
BARC Barclays PLC
14:04
Market

Form 8.3 JTC PLC

BBH
BBH Bellevue Healthcare Trust P…
14:01
Market

Change of Name

WHI
WHI W.H.Ireland Group
14:01
Market

Scheme Becomes Effective

IDOX
IDOX IDOX plc
14:01
Market

Form 8.3

IPF
IPF International Personal Fina…
14:01
Market

Form 8.3

JTC
JTC JTC PLC
14:01
Market

Form 8.3

JUST
JUST Just Group plc
14:01
Market

Form 8.3

XGLD
XGLD Xtrackers Physical Gold ETC
13:52
Market

Issuance of Securities

YOU
YOU YouGov plc
13:46
Market

Director/PDMR Shareholding

Following the <mark style="background-color:yellow">purchase</mark> of shares:

Following the <mark style="background-color:yellow">purchase</mark> of shares
DVNO
DVNO Develop North PLC
13:46
Market

Change of Registered Office

MGAM
MGAM Morgan Advanced Materials p…
13:45
Market

Director/PDMR Shareholding

VOF
VOF VinaCapital Vietnam Opportu…
13:43
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['City of London Investment Management Company Limited', '14.070000', '13.010000']
BARC
BARC Barclays PLC
13:41
Market

Form 8.3 NCC GROUP PLC

BARC
BARC Barclays PLC
13:40
Market

Form 8.3 IQE PLC

TTE
TTE TotalEnergies SE
13:35
Market

Director/PDMR Shareholding

NAS
NAS North Atlantic Smaller Comp…
13:31
Market

Transaction in Own Shares and TVR

TGA
TGA Thungela Resources Limited
13:31
Market

Dealings in Securities

SERE
SERE Schroder European Reit Plc
13:31
Market

Dividend Currency Exchange Rate (SA Rand)

RVRG
RVRG River Global Plc
13:27
Market

Director/PDMR Shareholding

BMD
BMD Baronsmead Second Venture T…
13:26
Market

Replacement - Extension to Application Deadline

BVT
BVT Baronsmead Venture Trust Plc
13:21
Market

Replacement - Extension to Application Deadline

IBST
IBST Ibstock PLC
13:18
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Cobas Asset Management, SGIIC, S.A.', '10.111858', '9.172496']
CHP
CHP Caledonian Holdings PLC
13:07
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['YA II PN LTD', '0.00', '10.98']
VCT
VCT Victrex plc
13:04
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Jupiter Fund Management PLC', '5.070000', 0]
BBH
BBH Bellevue Healthcare Trust P…
13:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Evelyn Partners Limited', '1.498960', '5.002842']
OAP3
OAP3 Octopus Apollo VCT PLC
13:01
Market

Update on offer for subscription

LSEG
LSEG London Stock Exchange Group…
13:01
Market

Launch of Consent Solicitations

Im unable to provide a summary without the text.

Im unable to provide a summary without the text.
Launch
JUP
JUP Jupiter Fund Management Plc
13:01
Market

Annual Report and Accounts and Notice of AGM

GAMA
GAMA Gamma Communications PLC
13:01
Market

Annual Financial Report

JUST
JUST Just Group plc
12:47
Market

Form 8.3

JTC
JTC JTC PLC
12:44
Market

Form 8.3

IPF
IPF International Personal Fina…
12:43
Market

Form 8.3

0UKH
0UKH Bank of Montreal
12:14
Market

Publication of Final Terms

XGDU
XGDU Xtrackers IE Physical Gold …
12:11
Market

Final Terms

XGDU
XGDU Xtrackers IE Physical Gold …
12:10
Market

Final Terms

CNE
CNE Capricorn Energy PLC
12:09
Market

Form 8 (OPD) - Capricorn Energy PLC

TGA
TGA Thungela Resources Limited
12:01
Market

Dealings in Securities

INVP
INVP Investec PLC
12:01
Market

Share Scheme Purchases

AUGM
AUGM Augmentum Fintech PLC
11:58
Market

Form 8.3

MGNS
MGNS Morgan Sindall Group PLC
11:57
Market

Annual Financial Report

AA4
AA4 Amedeo Air Four Plus Limited
11:52
Market

Form 8.3

JUST
JUST Just Group plc
11:48
Market

Form 8.3

LABS
LABS Life Science REIT PLC
11:44
Market

Form 8.3

IDOX
IDOX IDOX plc
11:41
Market

Form 8.3

ASBE
ASBE Associated British Engineer…
11:40
Market

Results of Annual General Meeting

GSF
GSF Gore Street Energy Storage …
11:27
Market

Director/PDMR Shareholding

TTST
TTST Tata Steel Limited
11:26
Market

Acquisition of equity stake in TSHP

BVT
BVT Baronsmead Venture Trust Plc
11:21
Market

Application Deadline Extension - Fourth Allotment

BMD
BMD Baronsmead Second Venture T…
11:21
Market

Application Deadline Extension - Fourth Allotment

GSCU
GSCU Great Southern Copper PLC
11:19
Market

Greenwood Research Note

AIRE
AIRE Alternative Income REIT PLC
11:18
Market

Statement regarding possible offer

Alternative Income REIT plc (AIRE) has received an indicative, non-binding proposal from AEW UK REIT plc (AEW) for a possible all-share offer, based on an exchange ratio tied to net asset values, adjusted for costs and dividends, with a 3%…

Alternative Income REIT plc (AIRE) has received an indicative, non-binding proposal from AEW UK REIT plc (AEW) for a possible all-share offer, based on an exchange ratio tied to net asset values, adjusted for costs and dividends, with a 3% discount to AIREs net asset value. AIREs board is evaluating the proposal with advisors, and AEW must decide by April 21, 2026, whether to proceed with a firm offer or withdraw. Shareholders are advised to take no action at this time. The announcement triggers disclosure requirements under the City Code on Takeovers and Mergers, and the information constitutes inside information under Market Abuse Regulations.
Offers
MIG5
MIG5 Maven Income And Growth Vct…
11:16
Market

Director/PDMR Shareholding

TPV
TPV Triple Point Venture VCT PLC
11:14
Market

Issue of Equity and Total Voting Rights

MIG5
MIG5 Maven Income And Growth Vct…
11:14
Market

Issue of Equity

MAV4
MAV4 Maven Income and Growth VCT…
11:12
Market

Issue of Equity

MIG3
MIG3 Maven Income And Growth Vct…
11:12
Market

Issue of Equity

BRK
BRK Brooks Macdonald Group
11:11
Market

Form 8.3 - LondonMetric Property plc

FEV
FEV Fidelity European Values
11:10
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of ordinary shares
MIG1
MIG1 Maven Income And Growth Vct…
11:09
Market

Issue of Equity

KETL
KETL Strix Group Plc
11:04
Market

Holding(s) in Company - Replacement

TR1 Buy

TR1 Buy
['Kambiz Nourbakhsh', '7.019022', '6.525713']
TST
TST Touchstar plc
11:01
Market

Director/PDMR Shareholding

TGA
TGA Thungela Resources Limited
11:01
Market

TR-1: Notification of Major Holdings

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

<mark style="background-coloryellow">TR1</mark> Buy
['Allan Gray Proprietary Limited - Clients', '8.6416', '10,0180']
CCEP
CCEP Coca-Cola Europacific Partn…
11:01
Market

Director/PDMR Shareholding

BATS
BATS British American Tobacco PLC
11:01
Market

Director/PDMR Shareholding

DOM
DOM Domino’s Pizza Group PLC
11:01
Market

Annual Financial Report

0UKI
0UKI Bank of Nova Scotia
10:49
Market

Form 8.3 - NCC Group plc

0UKI
0UKI Bank of Nova Scotia
10:47
Market

Form 8.3 - Life Science REIT plc

BLU
BLU Blue Star Capital plc
10:46
Market

Result of AGM

HTWS
HTWS Helios Towers Plc
10:44
Market

LAUNCH OF OFFER OF SENIOR NOTES

Helios Towers PLC, through its subsidiary HTA Group, Ltd, announced the launch of an offering of fixed-rate senior notes, guaranteed by the company and certain subsidiaries. The proceeds will be used to prepay $445 million in term faciliti…

Helios Towers PLC, through its subsidiary HTA Group, Ltd, announced the launch of an offering of fixed-rate senior notes, guaranteed by the company and certain subsidiaries. The proceeds will be used to prepay $445 million in term facilities, for general corporate purposes, and to cover related fees. British International Investment plc (BII), DEG-Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG), and International Finance Corporation (IFC) have expressed interest in purchasing portions of the notes, with allocations ranging from $20 million to $75 million. The offering is restricted to non-U.S. and non-retail investors, with no public offering in the U.S. or EEA/UK retail markets. Stabilization measures may be employed post-issuance. The announcement includes forward-looking statements subject to risks and uncertainties.
Launch
ROAD
ROAD Roadside Real Estate plc
10:41
Market

Result of AGM and Directorate Changes

RAT
RAT Rathbone Brothers PLC
10:32
Market

Form 8.3 - LondonMetric Property Plc

JMAT
JMAT Johnson Matthey PLC
10:31
Market

Director/PDMR Shareholding

RAT
RAT Rathbone Brothers PLC
10:31
Market

Form 8.3 - Life Science REIT Plc

RAT
RAT Rathbone Brothers PLC
10:29
Market

Form 8.3 - Augmentum Fintech Plc

ENSI
ENSI EnSilica PLC
10:18
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Maven Capital Partners UK LLP', ' 4.611300', '5.072430']
GLV
GLV Glenveagh Properties PLC
10:11
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
COA
COA Coats Group PLC
10:09
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['The Capital Group Companies, Inc.', '5.037328', 0]
CABP
CABP CAB Payments Holdings Ltd
10:03
Market

Replacement - Director's Dealings

SVS
SVS Savills
10:03
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of Ordinary Shares
IHG
IHG InterContinental Hotels Gro…
10:01
Market

Notice of AGM

50AS
50AS 50AS
10:01
Market

Final Terms

FLTR
FLTR Flutter Entertainment PLC
10:01
Market

Transaction in Own Shares

BEZ
BEZ Beazley plc
09:57
Market

Form 8.3

BUT
BUT Brunner Investment Trust
09:56
Market

Transaction in Own Shares - replacement

MICC
MICC The Magnum Ice Cream Compan…
09:55
Market

Director/PDMR Shareholding

PYC
PYC Physiomics Plc
09:51
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Adrian Crucefix', '3.00082', 0]
IHP
IHP IntegraFin Holdings plc
09:50
Market

Director/PDMR Shareholding

SREI
SREI Schroder Real Estate Invest…
09:46
Market

Response to Announcement by Picton

VARE
VARE Various Eateries PLC
09:46
Market

Confirmation of name change

LMP
LMP LondonMetric Property Plc
09:46
Market

Response to Announcement by Picton

AAIF
AAIF abrdn Asian Income Fund Lim…
09:43
Market

Gearing Disclosures

AEI
AEI abrdn Equity Income Trust p…
09:43
Market

Gearing Disclosures

AUSC
AUSC Abrdn UK Smaller Companies …
09:43
Market

Gearing Disclosures

AAS
AAS Abrdn Asia Focus PLC
09:43
Market

Gearing Disclosures

ANII
ANII Aberdeen New India Investme…
09:43
Market

Gearing Disclosures

MYI
MYI Murray International Trust
09:43
Market

Gearing Disclosures

DIG
DIG Dunedin Income Growth Inves…
09:43
Market

Gearing Disclosures

FORT
FORT Forterra PLC
09:41
Market

Transaction in Own Shares

JTC
JTC JTC PLC
09:39
Market

Form 8.3

CWK
CWK Cranswick PLC
09:38
Market

Director/PDMR Shareholding

CWK
CWK Cranswick PLC
09:38
Market

Director/PDMR Shareholding

JUST
JUST Just Group plc
09:38
Market

Form 8.3

MKS
MKS Marks and Spencer Group PLC
09:36
Market

Director/PDMR Shareholding

DRX
DRX Drax Group PLC
09:36
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
BEZ
BEZ Beazley plc
09:35
Market

Form 8.3

AFL
AFL Artemis UK Future Leaders p…
09:33
Market

MAR Compliance/Closed Period Notification

DLN
DLN Derwent London PLC
09:31
Market

Director/PDMR Shareholding

AFL
AFL Artemis UK Future Leaders p…
09:24
Market

Transaction in Own Shares

HHPD
HHPD Hon Hai Precision Industry …
09:23
Market

Subsidiary Hon Yuan disposal G-TECH shares

JTC
JTC JTC PLC
09:22
Market

Form 8.3

KLR
KLR Keller Group PLC
09:16
Market

Annual Financial Report

CPI
CPI Capita PLC
09:16
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
LSEG
LSEG London Stock Exchange Group…
09:16
Market

Director/PDMR Shareholding

ESNT
ESNT Essentra PLC
09:06
Market

Transaction in Own Shares

0H7D
0H7D Deutsche Bank AG NA O.N.
09:06
Market

Form 8.5 (EPT/RI) - Senior PLC

0H7D
0H7D Deutsche Bank AG NA O.N.
09:05
Market

Form 8.5 (EPT/RI) - JTC plc

CMCX
CMCX CMC Markets PLC
09:01
Market

Directorate change

PTSB
PTSB Permanent TSB Group Holding…
09:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['The Goldman Sachs Group, Inc.', '3.61', '3.58']
CLIG
CLIG City Of London Investment G…
08:57
Market

EBT Share Purchase

CABP
CABP CAB Payments Holdings Ltd
08:56
Market

Director's Dealings

HKLD
HKLD HONGKONG LAND HLDGS
08:28
Market

Transaction in Own Shares

HWG
HWG Harworth Group PLC
08:27
Market

Director/PDMR Shareholding

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

Share <mark style="background-coloryellow">purchase</mark>
PCTN
PCTN Picton Property Income Ltd
08:25
Market

Response to Press Speculation

Picton Property Income Limited responds to press speculation regarding its ongoing Strategic Review and Formal Sale Process, confirming a consortium of LondonMetric Property PLC and Schroder Real Estate Investment Trust Limited is among in…

Picton Property Income Limited responds to press speculation regarding its ongoing Strategic Review and Formal Sale Process, confirming a consortium of LondonMetric Property PLC and Schroder Real Estate Investment Trust Limited is among interested parties. No firm offer has been made, and there is no certainty of terms or completion. The company will update the market as appropriate, adhering to regulatory requirements.
Speculation
NXQ
NXQ Nexteq PLC
08:24
Market

Standard form for notification of major holdings

TR1 Buy

TR1 Buy
['Liontrust Investment Partners LLP', '11.168000', '10.911000']
IMB
IMB Imperial Brands PLC
08:14
Market

Transaction in Own Shares

HFEL
HFEL Henderson Far East Income L…
08:04
Market

Block Listing Application

FORT
FORT Forterra PLC
08:02
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Cobas Asset Management, SGIIC, S.A.', '8.006187', '7.141670']
SRE
SRE Sirius Real Estate Limited
08:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
ITV
ITV ITV PLC
08:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
TTE
TTE TotalEnergies SE
07:50
Market

United States: TotalEnergies Signs Agreements with U.S. Department of Interior to End its U.S. Offshore Wind Projects

TotalEnergies has signed agreements with the U.S. Department of the Interior to end its U.S. offshore wind projects, relinquishing leases in Carolina Long Bay and New York Bight. The company will recover lease fees and reinvest an equal am…

TotalEnergies has signed agreements with the U.S. Department of the Interior to end its U.S. offshore wind projects, relinquishing leases in Carolina Long Bay and New York Bight. The company will recover lease fees and reinvest an equal amount in U.S. gas and power production, including LNG exports. TotalEnergies cited high costs and potential negative impacts on U.S. power affordability as reasons for exiting offshore wind, opting instead to focus on more affordable energy solutions. The company also announced a Letter of Intent for LNG offtake from the Alaska LNG project and highlighted its significant investments in U.S. oil, LNG, and electricity sectors.
Agreement
PAG
PAG Paragon Banking Group PLC
07:48
Market

Transaction in Own Shares

CRST
CRST Crest Nicholson Holdings plc
07:46
Market

Director/PDMR Shareholding

SN.
SN. SN.
07:46
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Cevian Capital II GP Limited', '10.094356', '5.021046']
SDR
SDR Schroders PLC
07:46
Market

Form 8.3

ESNT
ESNT Essentra PLC
07:18
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Kambiz Nourbakhsh', '7.058335', '6.279187']
GGP
GGP Greatland Resources Limited
06:27
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['BlackRock, Inc.', '4.82', '5.49']
GGP
GGP Greatland Resources Limited
06:25
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Van Eck Associates Corporation', '5.93', 0]
BMY
BMY Bloomsbury Publishing Plc
06:23
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['JPMorgan Asset Management Holdings Inc.', '4.751321', '4.811441']
0A3D
0A3D iShares VII Public Limited …
06:11
Market

Net Asset Value(s)

CMB1
CMB1 iShares FTSE MIB UCITS
06:11
Market

Net Asset Value(s)

BBY
BBY Balfour Beatty plc
06:11
Market

Transaction in Own Shares

XAR
XAR Xaar plc
06:06
Market

Final Results

Xaar PLC, an inkjet printing technology group, reported its audited results for the year ended 31 December 2025. Key highlights include: - Revenue from continuing operations increased by 12% to £60.1 million, with printhead revenue up 22%…

Xaar PLC, an inkjet printing technology group, reported its audited results for the year ended 31 December 2025. Key highlights include
Revenue from continuing operations increased by 12% to £60.1 million, with printhead revenue up 22% to £43.0 million.
Adjusted profit before tax from continuing operations was £0.8 million, compared to a loss of £1.0 million in 2024.
Net cash decreased to £4.9 million, after investing £2.0 million in capex and £0.9 million in share purchases.
R&D investment remained consistent at around 10% of revenue.
The company achieved a commercial breakthrough in the jewellery wax 3D printing market and made progress in other key development projects.
A new facility was opened in Dongguan, China, for ink-delivery manufacturing, customer demonstration, and supply-chain optimization.
Gross margins improved to 40%, and adjusted EBITDA increased by 56% to £3.5 million.
The company ended the year with a healthy order book and is well-positioned for further progress in 2026 and beyond.
Financial Metric20242025Change
Revenue from Continuing Operations (£ million)53.860.1+12%
Printhead Revenue (£ million)35.243.0+22%
Adjusted Profit Before Tax (£ million)(1.0)0.8+179%
Net Cash (£ million)8.24.9-40%
Gross Margin (%)37%40%+3%
Adjusted EBITDA (£ million)2.23.5+56%
Reported Loss for the Period (£ million)(8.6)(3.0)-65%
Loss from Discontinued Operations (£ million)(2.3)(0.4)-84%
Adjusted Earnings per Share (pence)0.71.1+0.4p
Basic Loss per Share (pence)(13.7)(4.3)+9.4p
PGH
PGH Personal Group Holdings PLC
06:03
Market

Preliminary Results and Final Dividend

Personal Group Holdings PLC reported strong preliminary results for the year ended 31 December 2025, with double-digit revenue growth and adjusted EBITDA ahead of market expectations. Key highlights include: - **Revenue Growth**: Group re…

Personal Group Holdings PLC reported strong preliminary results for the year ended 31 December 2025, with double-digit revenue growth and adjusted EBITDA ahead of market expectations. Key highlights include
**Revenue Growth**Group revenue increased by 11% to £48.4 million, driven by growth across all divisions.
**Recurring Revenue**Annualised recurring revenue (ARR) rose by 12% to £48.6 million, with over 90% of revenue derived from recurring sources like insurance and SaaS subscriptions.
**Adjusted EBITDA**Up 22% to £12.1 million, surpassing market expectations of £11.6 million.
**Profitability**Profit before tax increased by 23% to £8.4 million, and basic EPS grew by 32% to 23.3p.
**Dividend**A 41% increase in the full-year dividend to 23.3p per share, reflecting strong cash generation and confidence in the business model.
**Operational Performance**Record insurance sales, strong customer retention (81.7%), and new client wins (e.g., Avery, Securitas, Harbour Healthcare) expanded the addressable customer base.
**Strategic Progress**Continued uptake of the Benefits & Rewards platform, renewed partnerships (e.g., Sage), and new digital insurance offerings.
**Balance Sheet**Strong liquidity with £29.0 million in cash and no debt, positioning the Group well for future growth.
**Outlook**Confidence in achieving 2030 aspirations of £100 million revenue, £30 million EBITDA, and £20 million SaaS ARR, supported by strategic pillars of Adoption, Expansion, Innovation, and Partnering.
The Group remains focused on delivering meaningful impact for employers and employees, particularly in a challenging economic environment.
Year-on-Year Financial and Debt Comparison (2024 vs 2025)
Metric20242025Change
Group Revenue (£'000)43,80048,400+11%
Adjusted EBITDA (£'000)10,00012,100+21%
Profit Before Tax (£'000)6,8008,400+23%
Basic EPS (pence)17.723.3+32%
Cash and Bank Deposits (£'000)27,40029,000+6%
DebtNoneNoneNo Change
Final Dividend (pence per share)16.523.3+41%
YOU
YOU YouGov plc
06:02
Market

Directorate Change

STAF
STAF Staffline Group Plc
06:02
Market

Launch of Share Buy-back

Staffline Group PLC announces the launch of a share buyback program, intending to purchase up to 4,971,315 ordinary shares at 10 pence each, with shares to be cancelled post-purchase. The buyback aims to enhance shareholder value, aligned …

Staffline Group PLC announces the launch of a share buyback program, intending to purchase up to 4,971,315 ordinary shares at 10 pence each, with shares to be cancelled post-purchase. The buyback aims to enhance shareholder value, aligned with the companys disciplined capital allocation strategy, considering growth, investments, cash generation, and leverage. The program operates under shareholder authority granted at the 2025 AGM, with specific price and volume limits, and Panmure Liberum appointed to execute purchases. The buyback may exceed EU volume restrictions, potentially falling outside safe harbour provisions. Staffline, a leading UK recruitment group, operates in Recruitment GB and Recruitment Ireland, supplying flexible workers across various industries.
Launch
GAMA
GAMA Gamma Communications PLC
06:02
Market

Board Committee Composition

HVPE
HVPE HarbourVest Global Private …
06:02
Market

Transaction in Own Shares

HDD
HDD Hardide PLC
06:01
Market

AGM Trading Statement

JIGI
JIGI JPMorgan India Growth & Inc…
06:01
Market

UK Investor Virtual Conference - 25 March 2026

JAM
JAM JPMorgan American Investmen…
06:01
Market

Kepler Investor Webinar: 27th March 2026 12:00 p.m

PPHC
PPHC Public Policy Holding Compa…
06:01
Market

PPHC Added to Russell 2000® and 3000® Indexes

EWI
EWI Edinburgh Worldwide Investm…
06:01
Market

Circ re. Live Q&A session with EWIT Chair

WPM
WPM Wheaton Precious Metals Corp
06:01
Market

Director/PDMR Shareholding

PWR
PWR POWER PROBE PLC ORD 0.1P
06:01
Market

Notice of Results

TRST
TRST Trustpilot Group PLC
06:01
Market

Appointment of Marcus Roy as CFO

ITX
ITX Itaconix plc
06:01
Market

Preliminary Results

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

<mark style="background-coloryellow"></mark>
FEVR
FEVR Fevertree Drinks Plc
06:01
Market

FY25 Preliminary Results to 31 December 2025

Fevertree Drinks PLCs preliminary results for FY25 (ending December 31, 2025) highlight positive strategic progress, with Fever-Tree brand revenue growing 4% year-on-year (constant currency), accelerating to 5% in H2. Diversification effor…

Fevertree Drinks PLCs preliminary results for FY25 (ending December 31, 2025) highlight positive strategic progress, with Fever-Tree brand revenue growing 4% year-on-year (constant currency), accelerating to 5% in H2. Diversification efforts are gaining traction, with 45% of group revenue now from products beyond tonic. The US market showed strong momentum despite the Molson Coors transition, positioning the company for accelerated growth in 2026. UK revenue dipped 2%, but performance improved in H2, driven by strong Off-Trade sales. Europe maintained market share gains, with Ginger Beer as a standout performer. Adjusted EBITDA, excluding a £2.8m provision for the UK EPR Levy, was £45.2m, in line with guidance. The company completed a £100m share buyback and initiated a further £30m buyback, reflecting its cash generative model. Despite geopolitical uncertainties, Fevertree remains confident in its 2026 outlook, aligning with market expectations.
MetricFY25FY24YoY ChangeConstant Currency Change
Revenue
US£131.9m£128.0m3%6%
UK£108.4m£111.1m-2%-2%
Europe (Fever-Tree brand revenue)£94.7m£92.7m2%2%
ROW£37.7m£32.2m17%22%
Total Adjusted Fever-Tree Revenue£372.7m£364.0m2%4%
GDP brand revenue£2.6m£4.5m-42%-43%
Total Adjusted Revenue£375.3m£368.5m2%3%
Profitability
Adjusted EBITDA£42.4m£50.7m-16%-
Adjusted EBITDA margin11.3%13.7%-240bps-
Earnings
Diluted EPS (pence per share)18.62p20.85p-11%-
Normalised EPS (pence per share)24.12p28.01p-14%-
Dividends
Ordinary Dividend (pence per share)17.31p16.97p2%-
Cash
Cash£91.1m£96.0m-5%-
FLO
FLO Flowtech Fluidpower plc
06:01
Market

Audited Preliminary FY25 Results & Outlook update

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

<mark style="background-coloryellow"></mark>
MBH
MBH Michelmersh Brick Holdings …
06:01
Market

Preliminary results for the year ended 31 Dec 2025

SMIN
SMIN Smiths Group PLC
06:01
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of Ordinary Shares
SOM
SOM Somero Enterprise Inc
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Brian Kelly', '12.38', '11.1']
VTU
VTU Vertu Motors Plc
06:01
Market

EBT Share Purchase

HMI
HMI Harvest Minerals Ltd
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Spreadex LTD', '0.000000', '0.000000']
SLP
SLP Sylvania Platinum Limited
06:01
Market

Directors share purchases

BMV
BMV Bluebird Merchant Ventures …
06:01
Market

NED Appointments & Committee Roles

FDEV
FDEV Frontier Developments Plc
06:01
Market

Director/PDMR Shareholding

BOOT
BOOT Henry Boot PLC
06:01
Market

Final Results

Henry Boot PLC, a UK-based land, property development, and home building company, reported its final results for the year ended 31 December 2025. The company demonstrated resilience in challenging markets, achieving record land sales and l…

Henry Boot PLC, a UK-based land, property development, and home building company, reported its final results for the year ended 31 December 2025. The company demonstrated resilience in challenging markets, achieving record land sales and laying a strong foundation for future growth. Key highlights include
**Financial Performance**Total land and property sales reached £356 million, with a share of £193 million, driven by strong demand for high-quality residential land. Revenue was marginally lower at £307.0 million due to reduced home building turnover, partially offset by higher land promotion sales. Profit before tax was £29.1 million, broadly in line with market expectations, supported by record plot sales.
**Operational Achievements**
**Land Promotion**Hallam Land achieved record sales of 3,957 plots, increasing operating profit by 35% to £32.9 million. Planning consents were secured for 4,159 plots, growing the consented land bank to 9,024 plots.
**Property Investment & Development**Delivered an operating profit of £9.4 million, with a £1.7 billion development pipeline, 55% of which is in Industrial and Logistics (I&L).
**Home Building**Increased ownership in Stonebridge Homes to 62.5%, with a focus on professionalizing and integrating the business. Despite slower sales and cost overruns, net private weekly reservation rates improved to 0.43 by March 2026.
**Strategic Initiatives**
Sold Henry Boot Construction to streamline the group and sharpen strategic focus.
Launched the Future Ways of Working programme to improve efficiencies and collaboration.
Increased ownership in Stonebridge Homes to 62.5%, with plans to reach full ownership by 2030.
**Financial Position**Net Asset Value (NAV) per share remained broadly unchanged at 312p. Net debt increased to £108.0 million due to investment in Stonebridge Homes land bank and the reduction in cash from the sale of Henry Boot Construction.
**Dividend**Proposed a final dividend of 4.62p, bringing the total dividend for the year to 7.86p, a 2.1% increase.
**Outlook**The company expects sustained demand for high-quality residential land and signs of improvement in Stonebridge Homes. Performance is anticipated to be second-half weighted in 2026, with a strong balance sheet and development pipeline positioning the company well for future growth.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Total Revenue (£'m)325.8307.0-6%
Profit Before Tax (£'m)30.729.1-5%
Net Debt (£'m)62.7108.0+72%
Gearing (%)14.725.7+75%
Net Asset Value (NAV) per share (p)3123120%
Total Dividend per share (p)7.707.86+2.1%
**Key Observations:** - **Revenue Decline:** Total revenue decreased by 6% from £325.8m in 2024 to £307.0m in 2025, primarily due to reduced turnover in the home building segment. - **Profit Before Tax:** Profit before tax marginally decreased by 5% from £30.7m in 2024 to £29.1m in 2025, supported by record plot sales and the initial profit recognition on the disposal of Henry Boot Construction. - **Net Debt Increase:** Net debt significantly increased by 72% from £62.7m in 2024 to £108.0m in 2025, driven by the investment in Stonebridge Homes' land bank and the reduction in cash from the sale of Henry Boot Construction. - **Gearing Increase:** Gearing increased by 75% from 14.7% in 2024 to 25.7% in 2025, reflecting the higher net debt level. - **NAV per Share Stability:** Net Asset Value (NAV) per share remained stable at 312p in both years. - **Dividend Increase:** The total dividend per share increased by 2.1% from 7.70p in 2024 to 7.86p in 2025.
NEXS
NEXS Nexus Infrastructure plc
06:01
Market

Board update and AGM resolution changes

NICL
NICL Nichols
06:01
Market

Grant of Options

80M
80M 80 Mile Plc
06:01
Market

Exercise of Warrants

SLP
SLP Sylvania Platinum Limited
06:01
Market

Share Buyback

STAN
STAN Standard Chartered PLC
06:01
Market

Transaction in Own Shares

ZPHR
ZPHR Zephyr Energy PLC
06:01
Market

Operations Update

DIS
DIS Distil Plc
06:01
Market

Trading Update

Distil PLC reports significantly lower-than-expected Q4 and full-year revenues due to softer sales, higher stock levels in the trade, and economic pressures. Despite increased end-customer sales, overall performance is impacted by reduced …

Distil PLC reports significantly lower-than-expected Q4 and full-year revenues due to softer sales, higher stock levels in the trade, and economic pressures. Despite increased end-customer sales, overall performance is impacted by reduced consumer spending, duty increases, and delayed US distribution of Blavod black vodka. The company faces short-term funding needs and is exploring options to address them. Ardgowan Distillery faces production delays due to power supply issues, impacting funding drawdowns, with resolution expected by year-end. Promotional activities and cost reductions are underway to mitigate sales decline.
Financial Metric20252026Change
RevenueNot ProvidedMaterially Below Market ExpectationsSignificant Decline
Loss Before TaxNot ProvidedGreater Than AnticipatedIncreased Loss
UK Sales (Distributor to Customers)Not Provided+51% YoY (First Two Months of 2026)Growth
RedLeg Consumer Sales (Grocery)Not Provided+36% YoY (Christmas Period)Growth, but Below Forecast
UK Spirits Market ValueNot Provided-0.9% (12 Weeks to w/e 3 Jan 2026)Decline
Debt Funding (Ardgowan)£3m Convertible Loan NotesDelayed Due to Production IssuesFunding Gap
TRST
TRST Trustpilot Group PLC
06:01
Market

Transaction in Own Shares

BPCR
BPCR BioPharma Credit PLC
06:01
Market

Annual Financial Report

EKF
EKF EKF Diagnostics Holdings Plc
06:01
Market

Full year results

CNS
CNS Corero Network Security plc
06:01
Market

Final Results

Corero Network Security PLC reported its final results for the year ended 31 December 2025, highlighting strong sales traction and EBITDA growth in H2 2025, ahead of market expectations. Key financial highlights include revenues of $25.5 m…

Corero Network Security PLC reported its final results for the year ended 31 December 2025, highlighting strong sales traction and EBITDA growth in H2 2025, ahead of market expectations. Key financial highlights include revenues of $25.5 million (up from $24.6 million in FY 2024), EBITDA of $1.5 million, and adjusted EBITDA of $2.0 million. Annual Recurring Revenues (ARR) increased by 23% to $23.9 million, driven by strong demand for subscription-based and DDoS Protection as-a-Service (DDPaaS) products. Order intake grew by 20% to $33.8 million, with a 98% customer retention rate. Despite a loss before taxation of $0.7 million, the company demonstrated positive cash generation in H2 2025 and ended the year with net cash of $4.0 million. Operationally, Corero secured significant customer renewals and expansions, including a $6.8 million deal with a leading US cloud computing provider. The company also expanded its global footprint, particularly in Latin America and the Middle East, through strategic partnerships and new customer wins. Management remains confident in delivering sustained ARR growth and transitioning to a subscription-based model, despite global economic uncertainties. The DDoS market remains buoyant, driven by increasing cyber threats and regulatory demands, positioning Corero for future growth.
Financial Metric2025 ($'000)2024 ($'000)Year-on-Year Change
Revenue25,49924,559+3.8%
EBITDA1,4942,500-40.2%
Adjusted EBITDA2,0003,000-33.3%
Annual Recurring Revenues (ARR)23,90019,500+22.6%
Order Intake33,80028,200+19.9%
Net Cash4,0345,321-24.2%
Gross Margins90%91%-1.1%
Loss Before Taxation(653)555N/A (Loss vs Profit)
### Key Observations: 1. **Revenue Growth**: Revenue increased by 3.8% year-on-year, driven by strong sales traction in H2 2025. 2. **EBITDA and Adjusted EBITDA Decline**: Both EBITDA and Adjusted EBITDA decreased significantly, reflecting higher operating expenses and the transition to a subscription-based model. 3. **ARR Growth**: ARR grew by 22.6%, indicating strong demand for subscription-based and DDPaaS products. 4. **Order Intake Increase**: Order intake increased by 19.9%, supported by strong momentum in H2 2025. 5. **Net Cash Decrease**: Net cash decreased by 24.2%, despite positive cash generation in H2 2025, likely due to increased investment in R&D and new product development. 6. **Gross Margins**: Gross margins slightly decreased by 1.1%, possibly due to changes in product mix and increased costs. 7. **Loss Before Taxation**: The company moved from a profit to a loss before taxation, reflecting higher operating expenses and the impact of the subscription-based model transition.
ZEG
ZEG Zegona Communications Plc
06:01
Market

Transaction in Own Shares

STAF
STAF Staffline Group Plc
06:01
Market

2025 Audited Results

**Summary:** Staffline Group PLC reported strong FY 2025 results, significantly exceeding market expectations. Key highlights include: - **Financial Performance:** Revenue grew by 11.5% to £1,106.7 million, gross profit increased by 10.6…

**Summary**
Staffline Group PLC reported strong FY 2025 results, significantly exceeding market expectations. Key highlights include
**Financial Performance** Revenue grew by 11.5% to £1,106.7 million, gross profit increased by 10.6% to £78.3 million, and operating profit surged by 31.3% to £13.0 million. Profit before taxation rose by 48.0% to £7.4 million, and profit after tax (total activities) increased by 157.8% to £4.8 million.
**Operational Strength** The company achieved organic market share growth, particularly in the UK temporary recruitment sector, and secured a significant new strategic partnership with a leading logistics provider.
**Divisional Performance** Recruitment GB division saw revenue growth of 13.6% and operating profit growth of 30.0%. Recruitment Ireland achieved 10.3% growth in permanent white-collar recruitment fees.
**Strategic Focus** The disposal of PeoplePlus in February 2025 transformed Staffline into a pure-play recruitment specialist, enhancing its market-leading position.
**Balance Sheet and Shareholder Returns** The company maintained a strong balance sheet, supporting a share buyback program. Net cash (pre-IFRS 16) was £1.5 million, and the company reduced its share count by 13% during the year.
**Outlook** Management remains cautiously optimistic for FY 2026, expecting continued growth despite macroeconomic risks, driven by defensive markets and a healthy new business pipeline.
Overall, Stafflines exceptional performance in FY 2025 reflects its successful strategy, operational efficiency, and focus on organic growth, positioning it well for future expansion.
Metric20242025Change
Revenue (£m)992.91,106.7+11.5%
Gross Profit (£m)70.878.3+10.6%
Operating Profit (£m)9.913.0+31.3%
Profit Before Taxation (£m)5.07.4+48.0%
Profit After Tax (£m)(8.3)4.8+157.8%
EBITDA (£m)12.416.5+33.1%
Net Cash (pre-IFRS 16) (£m)9.61.5-£8.1m
Net (Debt)/Cash (post-IFRS 16) (£m)4.9(2.5)-£7.4m
CPH2
CPH2 Clean Power Hydrogen PLC
06:01
Market

Memorandum of Understanding with Siemens

VOD
VOD Vodafone Group PLC
06:01
Market

Transaction in Own Shares

CSN
CSN Chesnara
06:01
Market

Final Results

**Summary:** Chesnara PLCs 2025 full-year results highlight a transformative year marked by strategic acquisitions, robust financial performance, and operational excellence. The company reported significant growth across key metrics, driv…

**Summary**
Chesnara PLCs 2025 full-year results highlight a transformative year marked by strategic acquisitions, robust financial performance, and operational excellence. The company reported significant growth across key metrics, driven by disciplined operational delivery and exceptional capital markets activity.
**Financial Highlights**
**Cash** Operating Capital Generation (OCG) increased by 19% to £94m, and Cash Remittances rose by 30% to £58m.
**Capital** Solvency Coverage Ratio improved to 257%, and Own Funds grew by 34% to £859m.
**Value** Adjusted Operating Profit (AOP) surged by 42% to £56m, and Assets under Administration (AUA) increased by 10% to £15bn.
**Strategic Milestones**
**Acquisitions** Completed the acquisition of HSBC Life (UK) in January 2026, rebranded as Chesnara Life, and announced the acquisition of Scottish Widows Europe SA in February 2026, expanding into Luxembourg.
**Integrations** UK integrations, including Chesnara Life, are progressing well, and Dutch entities were successfully merged, simplifying the footprint.
**Capital Raises** Successfully raised £140m in equity and £150m in RT1 bonds, supporting future growth and M&A activities.
**Dividend** Recommended a 6% increase in the final dividend to 14.80p per share, with a total dividend for FY 2025 of 22.50p per share.
**Operational Performance**
**UK** Continued implementation of the Transition and Transformation program, with four migrations completed and planning underway for Chesnara Life integration.
**Sweden** Strong growth in the custodian business, supported by new partnerships and distribution agreements.
**Netherlands** Completed the legal merger of Scildon and Waard, with further integration planned to realize synergies.
**Sustainability**
Published the first Climate Transition Plan in September 2025, outlining steps to achieve net-zero emissions by 2050.
**Outlook**
The company expects further opportunities for growth, supported by a robust M&A pipeline and a strong track record of disciplined execution. The addition of Chesnara Life and Scottish Widows Europe SA is anticipated to enhance resilience and long-term Operating Capital Generation potential.
Chesnaras 2025 results demonstrate its ability to deliver strong financial performance while executing strategic initiatives, positioning the company for continued growth and value creation.
Here is the comparison of financials and debt year on year in an HTML table format:
MetricFY 2025FY 2024% Change
Operating Capital Generation (OCG)£94m£79m19%
Cash Remittances£58m£45m30%
Solvency Coverage Ratio257%203%54ppts
Own Funds£859m£643m34%
Adjusted Operating Profit (AOP)£56m£39m42%
Assets under Administration (AUA)£15bn£14bn10%
IFRS Profit Before Tax£19m£21m(9%)
IFRS Capital Base£694m£449m55%
Leverage22%31%(29%)

Note: Debt information is not explicitly provided in the text, but the Leverage ratio is included as a proxy for debt levels.

This table compares the key financial metrics for Chesnara PLC between FY 2025 and FY 2024, showing the percentage change year on year. The leverage ratio is included as a proxy for debt levels, although explicit debt figures are not provided in the text.
BYIT
BYIT Bytes Technology Ltd
06:01
Market

Full Year Trading Update

IHG
IHG InterContinental Hotels Gro…
06:01
Market

Transaction in Own Shares

PZC
PZC PZ Cussons PLC
06:01
Market

Q3 TRADING UPDATE

PZ Cussons PLC reported strong Q3 trading performance with 6.3% like-for-like revenue growth, continuing the positive momentum from the first half of FY26. The company expects full-year adjusted operating profit to be at the upper end of i…

PZ Cussons PLC reported strong Q3 trading performance with 6.3% like-for-like revenue growth, continuing the positive momentum from the first half of FY26. The company expects full-year adjusted operating profit to be at the upper end of its £53-57 million guidance range, supported by stable Nigerian Naira exchange rates and effective cost management. Management has taken steps to reduce sensitivity to currency fluctuations, though final results remain subject to exchange rate movements. FY26 results will be announced on 6 August 2026.
MetricQ3 FY26H1 FY26Year-on-Year Change
Group LFL Revenue Growth6.3%9.5%Decrease (from 9.5% to 6.3%)
Reported Revenue Growth5.0%8.0%Decrease (from 8.0% to 5.0%)
Adjusted Operating Profit GuidanceUpper end of £53-57 million£53-57 millionNo change, but expectation moved to upper end
Debt Sensitivity to Nigerian NairaReducedNot specifiedImproved (due to management actions)
DRX
DRX Drax Group PLC
06:01
Market

Transaction in Own Shares

TMT
TMT TMT Investments PLC
06:01
Market

Final Results and Notice of AGM

TMT Investments PLC, a venture capital company investing in high-growth technology firms, reported its final results for the year ended 31 December 2025. Key highlights include a net asset value (NAV) per share of US$7.13, up 8.9% year-on-…

TMT Investments PLC, a venture capital company investing in high-growth technology firms, reported its final results for the year ended 31 December 2025. Key highlights include a net asset value (NAV) per share of US$7.13, up 8.9% year-on-year, and a total NAV of US$220.8 million. The company achieved an internal rate of return (IRR) of 14% per annum since inception. TMT made US$1.5 million in additional investments in 2025 and received US$5.5 million from cash disposals and dividends, including significant gains from Scale AI and partial disposals of Bolt and Backblaze. The company also completed a US$1.7 million share buyback program. Despite macroeconomic challenges, TMTs portfolio demonstrated resilience, with positive revaluations in seven companies offset by write-downs in nine others. The company maintained a cautious investment approach, adding two new companies to its portfolio. TMT ended the year with US$5.0 million in cash reserves and no financial debt, positioning it well to navigate market volatility and pursue strategic investments. The Annual General Meeting is scheduled for 19 May 2026.
Financial Metric20242025Year-on-Year Change
NAV per share (US$)6.557.13+8.9%
Total NAV (US$ million)205.9220.8+7.2%
IRR from inception (%)14.514-3.4%
Additional investments (US$ million)5.91.5-74.6%
Cash disposals and dividends received (US$ million)5.95.5-6.8%
Cash and cash equivalents (US$ million)5.25.0-3.8%
Debt (US$ million)000%
YOU
YOU YouGov plc
06:01
Market

Results for the six months to 31 January 2026

YouGov PLCs half-year report for the six months ended 31 January 2026 highlights a resilient performance with 2% revenue growth to £194.8 million, driven by sustained demand in the Research division. Statutory operating profit grew by 14% …

YouGov PLCs half-year report for the six months ended 31 January 2026 highlights a resilient performance with 2% revenue growth to £194.8 million, driven by sustained demand in the Research division. Statutory operating profit grew by 14% to £16.8 million, while adjusted operating profit decreased by 20% to £24.0 million due to investments in the Shopper division and strategic areas. The company maintained a solid balance sheet with £32.8 million in cash and a leverage ratio of 2.1x net debt to EBITDA.
Key operational highlights include a focus on strengthening core Data Products, good performance in the Research division, and targeted investment in the Shopper business. The company also launched AI-driven innovations like YouGov BrandIndex Voices and initiated a strategic review of the Shopper division to unlock long-term value.
Looking ahead, YouGov expects FY26 adjusted operating profit to be £52-£56 million, considering a £6 million incremental investment in Shopper. The Board plans to launch a share buyback program instead of an annual dividend, reflecting confidence in the companys intrinsic value. A Value Delivery Plan has been mobilized to improve efficiency and margins, with Wave 1 completed and Wave 2 in planning, aiming for an annualized margin uplift of over 350bps.
Financial Metric2025 (Six Months)2026 (Six Months)Year-on-Year Change
Revenue (£m)191.7194.8+1.6% (2% reported)
Adjusted Operating Profit (£m)30.124.0-20% (reported)
Statutory Operating Profit (£m)14.816.8+14%
Adjusted Profit Before Tax (£m)24.116.8-30%
Statutory Profit Before Tax (£m)8.38.6+4%
Adjusted Basic Earnings per Share (pence)17.111.4-33%
Statutory Basic Earnings per Share (pence)6.85.7-16%
Net Debt (£m)158.3160.3+1.3%
Leverage Ratio (Net Debt/EBITDA)2.0x2.1x+5%
KEFI
KEFI KEFI Gold and Copper Plc
06:01
Market

Result of RetailBook Offer

GMR
GMR Gaming Realms plc
06:01
Market

Transaction in Own Shares

ROAD
ROAD Roadside Real Estate plc
06:01
Market

AGM Statement

SFOR
SFOR S4 Capital PLC
06:01
Market

Audited 2025 Results

**Summary:** S4 Capital PLCs audited 2025 results show a decline in reported net revenue by 10.8% to £673.0 million, with a like-for-like decrease of 8.4%. Operational EBITDA decreased by 7.5% to £81.2 million, but the margin improved to …

**Summary**
S4 Capital PLCs audited 2025 results show a decline in reported net revenue by 10.8% to £673.0 million, with a like-for-like decrease of 8.4%. Operational EBITDA decreased by 7.5% to £81.2 million, but the margin improved to 12.1%. Net debt reduced to £86.9 million, below the targeted range, and the company repurchased €25.7 million of its Term Loan B at a discount. A final dividend of 1.1p per share, a 10% increase, was proposed. For 2026, like-for-like net revenue is expected to be slightly below 2025, with an operational EBITDA margin targeted to increase by at least 100 basis points. The companys strategy remains focused on digital advertising and marketing services, leveraging AI and first-party data to drive growth. Despite macroeconomic challenges, S4 Capital is confident in its long-term growth prospects, supported by its unified digital transformation model and strong client relationships.
Financial Metric20242025Change
Reported Net Revenue (£ millions)754.6673.0(10.8%)
Like-for-Like Net Revenue (£ millions)734.9673.0(8.4%)
Operational EBITDA (£ millions)87.881.2(7.5%)
Operational EBITDA Margin11.6%12.1%50bps increase
Year End Net Debt (£ millions)(142.9)(86.9)39.2% improvement
Free Cash Flow (£ millions)37.886.548.7 increase
JNEO
JNEO Journeo PLC
06:01
Market

Final Results

Journeo PLC, a provider of intelligent systems for transport networks and critical national infrastructure, reported its final results for the year ended 31 December 2025. Key highlights include: - **Financial Performance**: Revenue incre…

Journeo PLC, a provider of intelligent systems for transport networks and critical national infrastructure, reported its final results for the year ended 31 December 2025. Key highlights include
**Financial Performance**Revenue increased by 11% to £55.0 million, gross profit rose by 23% to £21.8 million, and adjusted profit before tax grew by 13% to £5.7 million. Cash and cash equivalents stood at £12.0 million.
**Operational Achievements**
Acquired Crime and Fire Defence Systems Limited, expanding capabilities into adjacent markets.
Secured a £10 million framework award from First Bus UK, with an additional £3.5 million extension into First Bus London.
Won a £4.2 million purchase order from Alstom SA for rail on-vehicle systems.
Continued international expansion with new orders from Outfront Media.
Maintained all ISO and cyber security certifications.
**Strategic Focus**Emphasis on customer-centric approach, innovation, and strategic acquisitions to drive sustainable growth.
**Outlook**Strong order book, disciplined capital management, and a talented team position Journeo for further growth, despite external market risks.
**Summary**Journeo PLC achieved record financial and operational results in 2025, driven by organic growth, strategic acquisitions, and expanded market reach. The company is well-positioned for future growth with a strong order book, innovative solutions, and a focus on customer needs.
Financial Metric20242025Change
Revenue (£'000)49,55855,02211%
Gross Profit (£'000)17,68021,80123%
Adjusted Profit before Tax (£'000)5,0135,68013%
Cash and Cash Equivalents (£'000)14,31812,029-16%
Diluted Earnings per Share (pence)26.2923.83-9%
Net Current Assets (£'000)16,51911,643-30%
Net Cash Flows from Operating Activities (£'000)7,5918,2168%
EVPL
EVPL Everplay Group PLC
06:01
Market

Unaudited Final Results 2025

Everplay Group plc, a leading global indie developer and publisher of premium video games, working simulation games, and childrens edutainment apps, reported its unaudited final results for the year ended 31 December 2025. The company achi…

Everplay Group plc, a leading global indie developer and publisher of premium video games, working simulation games, and childrens edutainment apps, reported its unaudited final results for the year ended 31 December 2025. The company achieved double-digit profit growth and strong margin expansion, supported by growth in new release revenues and successful platform partnerships. Revenue remained flat at £166.0 million, but gross profit increased by 10% to £76.3 million, and adjusted EBITDA rose by 11% to £48.5 million. The company continued its strategic priorities, including new first-party IP releases and acquisitions of IP and back-catalogue publishing rights. Everplay released 11 new titles, entered partnerships with major platforms like Netflix Games and Nintendo Switch 2, and made strategic acquisitions, including a minority stake in Super Media Group and the rights to the Hammerwatch franchise. The companys financial performance was driven by strong new release revenues, up 80%, and a resilient back catalogue, which accounted for 75% of total revenues. Everplay ended the year with a cash balance of £51.9 million and declared a final ordinary dividend of 1.9 pence per share. The company is optimistic about its outlook, with an exciting pipeline of new games and apps for FY 2026, and expects to achieve results in line with market expectations.
Financial Metric20252024Change
Revenue (£'000)165,995166,624(0%)
Gross Profit (£'000)76,32269,37410%
Gross Profit Margin (%)46.0%41.6%4.4pts
Adjusted EBITDA (£'000)48,47543,54911%
Adjusted EBITDA Margin (%)29.2%26.1%3.1pts
Profit Before Tax (£'000)36,58825,32344%
Adjusted Profit Before Tax (£'000)48,46943,37912%
Adjusted EPS (pence)25.724.17%
Operating Cash Conversion (%)89%97%(8)pts
Cash and Cash Equivalents (£'000)51,87062,877(17)%
PXEN
PXEN Prospex Energy PLC
06:01
Market

Formal Offer of onshore Polish licences

Prospex Energy PLC announces its wholly-owned subsidiary, PXEN Tatra, has formally accepted offers for the San and Dunajec onshore licenses in Poland, advancing its expansion into the country. These licenses, located in southern Poland’s p…

Prospex Energy PLC announces its wholly-owned subsidiary, PXEN Tatra, has formally accepted offers for the San and Dunajec onshore licenses in Poland, advancing its expansion into the country. These licenses, located in southern Poland’s prolific Carpathian foredeep gas play, offer 100% ownership, proven gas production areas, and potential for accelerated development, including an undeveloped oil discovery in Dunajec. The administrative award process is expected to conclude by May 2026, with a €289,000 fee payable from recent cash raises. Prospex plans to fund work programs through production income and farm-in partnerships, leveraging Poland’s supportive regulatory environment for natural gas investment.
Offers
PPHC
PPHC Public Policy Holding Compa…
06:01
Market

PPHC Announces Full Year 2025 Financial Results

Public Policy Holding Company, Inc. (PPHC) announced its full-year 2025 financial results, highlighting significant growth and strategic achievements. Revenue reached $186.5 million, a 24.7% increase year-over-year, with organic revenue gr…

Public Policy Holding Company, Inc. (PPHC) announced its full-year 2025 financial results, highlighting significant growth and strategic achievements. Revenue reached $186.5 million, a 24.7% increase year-over-year, with organic revenue growth of 6.2%. Adjusted EBITDA hit a record $45.4 million, up 17.7%, with a margin of 24.3%. The company successfully completed a $45.8 million IPO in the US and a dual listing on Nasdaq in January 2026, transitioning from net debt to a net cash position. PPHC also completed two acquisitions in 2025, expanding its capabilities and geographic reach. Despite a GAAP net loss of $39.0 million, adjusted net income rose 32.1% to $36.6 million. The company declared a final dividend of $0.240 per share, with a total dividend of $0.355 per share for FY 2025. Operationally, PPHC grew its client base to approximately 1,400, including nearly half of the Fortune 100, and ended the year with 613 clients spending over $100,000 annually. Management expects continued organic revenue growth of around 5% in 2026, supplemented by acquisitions, with Adjusted EBITDA margins around 25%.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric20242025Change%
Revenue$149.6 million$186.5 million$36.9 million24.7%
Adjusted EBITDA$38.6 million$45.4 million$6.8 million17.7%
Net Debt$17.5 million$26.6 million$9.1 million51.6%
Cash and Cash Equivalents$14.5 million$20.4 million$5.9 million40.6%
Total Debt$32.0 million$47.0 million$15.0 million46.6%
**Key Observations:** * **Revenue Growth:** PPHC experienced a significant increase in revenue from $149.6 million in 2024 to $186.5 million in 2025, representing a 24.7% growth rate. * **Adjusted EBITDA Improvement:** Adjusted EBITDA also increased from $38.6 million to $45.4 million, a 17.7% improvement, indicating enhanced operational efficiency. * **Net Debt Increase:** Net debt increased by 51.6% from $17.5 million to $26.6 million, primarily due to the acquisition of TrailRunner in Q2 2025. * **Cash Position Strengthened:** Cash and cash equivalents increased by 40.6% from $14.5 million to $20.4 million, reflecting improved liquidity. * **Total Debt Increase:** Total debt increased by 46.6% from $32.0 million to $47.0 million, likely due to financing acquisitions and operations.
GATC
GATC GATTACA Plc
06:01
Market

Interim Results

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VARE
VARE Various Eateries PLC
06:01
Market

Completion of Acquisition

WYN
WYN Wynnstay Group Plc
06:01
Market

AGM Statement

PLUS
PLUS Plus500 Ltd
06:01
Market

Transaction in Own Shares

TMG
TMG The Mission Group plc
06:01
Market

Final Results

**Summary:** The Mission Group PLC, a collective of Creative and MarTech Agencies, reported its final results for the year ended 31 December 2025. Despite a challenging market environment, the company demonstrated resilience, maintaining …

**Summary**
The Mission Group PLC, a collective of Creative and MarTech Agencies, reported its final results for the year ended 31 December 2025. Despite a challenging market environment, the company demonstrated resilience, maintaining strong client retention and winning new clients like Omega Watches and easyJet. However, overall financial performance was impacted by macroeconomic uncertainty, leading to extended sales cycles and restricted budgets.
**Financial Highlights**
* **Revenue Decline** Total revenue decreased by 21% to £68.8 million compared to £87.7 million in 2024.
* **Profitability** Headline operating profit fell by 44% to £5.1 million, while reported profit before tax resulted in a loss of £18.8 million.
* **Debt Reduction** Net bank debt decreased slightly to £9.0 million, and total debt, including acquisition liabilities, significantly reduced to £10.4 million.
**Strategic Initiatives**
* **Simplification** The company established a unified B2C and B2B advertising agency, streamlining operations and improving efficiency.
* **Prioritization** Focus shifted to leveraging the simplified model, driving new business performance, and evolving offerings to meet client needs.
* **Investment** Targeted investments aimed at capitalizing on strengths, expanding geographically (particularly in the US), and maintaining technological leadership through AI.
* **Cost Savings** Identified annualized cost savings of £4.0 million, supporting future growth and reinvestment.
**Board Changes**
* John Carey appointed as Group CEO, Claudine Collins as Non-Executive Director, and Jon Kempster and Emma Wright as Non-Executive Directors post year-end.
**Outlook**
* Trading in the first months of 2026 aligned with expectations.
* The company remains cautious about the challenging trading environment and macroeconomic backdrop.
* Focus on executing strategic priorities, driving growth, and returning to a positive net cash position.
Financial Metric2024 (£m)2025 (£m)Change (£m)Change (%)
Revenue (Operating Income)87.768.8-18.9-21%
Headline Operating Profit9.15.1-4.0-44%
Reported (Loss)/Profit Before Tax2.9-18.8-21.7-748%
Net Bank Debt9.59.0-0.5-5%
Total Debt14.210.4-3.8-27%
VINO
VINO Virgin Wines UK PLC
06:01
Market

Transaction in Own Shares

ORIT
ORIT Octopus Renewables Infra Tr…
06:01
Market

Final Results to 31 December 2025

KGF
KGF Kingfisher PLC
06:01
Market

Final Results

Kingfisher PLCs final results for the year ended 31 January 2026 highlight a strong performance driven by strategic progress and financial discipline. Key highlights include: - **Sales Growth**: Underlying like-for-like (LFL) sales increa…

Kingfisher PLCs final results for the year ended 31 January 2026 highlight a strong performance driven by strategic progress and financial discipline. Key highlights include
**Sales Growth**Underlying like-for-like (LFL) sales increased by 1.4%, with total sales up 1.3%. UK banners led growth with LFL sales up 3.3%.
**Market Share Gains**Gains were achieved in key markets including the UK, France, and Spain, with Poland trading in line with the market.
**Strategic Delivery**Trade sales grew by 23% (excluding Screwfix), and e-commerce sales increased by 20% (excluding Screwfix). Marketplace gross merchandise value (GMV) rose by 58% to £518 million.
**Profitability**Adjusted pre-tax profit (PBT) increased by 6% to £560 million, driven by gross margin expansion and cost discipline. Statutory PBT rose by 23% to £378 million.
**Cash Flow**Free cash flow was £512 million, supported by inventory improvements.
**Shareholder Returns**A £300 million share buyback was completed, and a full-year dividend of 12.40p per share was announced. A new £300 million share buyback program was also initiated.
**Summary**
Kingfisher PLC demonstrated robust financial performance in FY 25/26, achieving sales growth, market share gains, and improved profitability through strategic initiatives and cost management. The company strengthened its trade and e-commerce businesses, expanded its digital ecosystem, and enhanced shareholder returns through dividends and share buybacks. Guidance for FY 26/27 indicates continued growth in adjusted PBT and free cash flow, supported by ongoing strategic investments and operational efficiencies.
Here is the HTML table code comparing the financials and debt year on year for Kingfisher PLC:
Metric2025/262024/25Change
Total Sales (£m)12,94512,784+1.3%
Gross Profit (£m)4,9304,763+3.5%
Operating Profit (£m)469407+15.2%
Adjusted PBT (£m)560528+6.0%
Statutory PBT (£m)378307+23.0%
Free Cash Flow (£m)512511+0.1%
Net Debt (£m)1,8782,015-6.8%
Net Leverage (x)1.41.6-12.5%
**Key Observations:** * **Sales Growth:** Total sales increased by 1.3% year-on-year, driven by underlying LFL sales growth of 1.1% and net space growth of 0.7%. * **Profitability Improvement:** Adjusted PBT increased by 6.0%, while statutory PBT saw a more significant increase of 23.0%, benefiting from lower impairment charges. * **Cash Flow Stability:** Free cash flow remained relatively stable at £512m, despite increased capital expenditure. * **Debt Reduction:** Net debt decreased by 6.8%, leading to a reduction in net leverage from 1.6x to 1.4x. This table provides a concise overview of Kingfisher PLC's financial performance and debt position, highlighting key areas of growth and improvement.
GFTU
GFTU Grafton Group plc
06:01
Market

Transaction in Own Shares

FAIR
FAIR Fair Oaks Income Limited
06:01
Market

Transaction in Own Shares

GAMA
GAMA Gamma Communications PLC
06:01
Market

Final Results

Gamma Communications PLC reported significant growth in 2025, driven by strong performance in Germany, particularly through acquisitions like Placetel and Starface. Revenue increased by 11% to £645.8 million, and gross profit rose by 16% t…

Gamma Communications PLC reported significant growth in 2025, driven by strong performance in Germany, particularly through acquisitions like Placetel and Starface. Revenue increased by 11% to £645.8 million, and gross profit rose by 16% to £348.2 million. Adjusted EBITDA grew by 13% to £141.7 million, and adjusted EPS increased by 11% to 94.5p. The company returned £64 million to shareholders and plans further returns in 2026 and 2027. Despite UK SME market challenges, Gammas strategy, supported by its German expansion and improved enterprise sales, positions it well for future growth.
Here is the HTML table code comparing financials and debt year on year for Gamma Communications PLC:
Metric20242025Change
Revenue£579.4m£645.8m+11%
Gross Profit£300.3m£348.2m+16%
Adjusted EBITDA£125.5m£141.7m+13%
Profit before tax ("PBT")£95.6m£87.7m-8%
Adjusted PBT£111.9m£119.4m+7%
Total cash returned to shareholders£44.6m£64.0m+43%
Adjusted cash generated by operations£120.4m£131.8m+9%
Net (debt)/cash£153.7m (cash)(£9.3m) (debt)NM
**Notes:** * NM = Not Meaningful (due to change from net cash to net debt) * The table compares key financial metrics and debt position for Gamma Communications PLC between 2024 and 2025. * Revenue, Gross Profit, Adjusted EBITDA, and Total cash returned to shareholders increased year-on-year, while Profit before tax decreased. * The company moved from a net cash position in 2024 to a net debt position in 2025, primarily due to the acquisition of Starface and share buybacks.
RGL
RGL Regional REIT Ltd
06:01
Market

Annual Financial Report 2025 Full Year Results

Regional REIT Limited, a UK-based real estate investment trust, reported its full-year results for 2025, highlighting resilient operational performance despite challenging market conditions. The company strengthened its balance sheet throu…

Regional REIT Limited, a UK-based real estate investment trust, reported its full-year results for 2025, highlighting resilient operational performance despite challenging market conditions. The company strengthened its balance sheet through a successful multi-bank refinancing of £72.4m of debt, completed £51.6m of disposals at 1.3% above book value, and reduced its loan-to-value (LTV) ratio to 40.4%. Regional REIT secured 64 new market lettings at 3.9% above 2024 ERV, demonstrating its ability to navigate a subdued leasing market.
The company acknowledged the prolonged downturn in the property cycle and geopolitical uncertainties, which have tempered near-term activity. In response, the Board adopted a more prudent approach, targeting an 8p dividend per share for 2026 and aiming to distribute a minimum of 90% of the profit from the property rental business. This strategy provides flexibility for essential capital expenditure to improve assets and capitalize on increasing demand for quality space.
Regional REITs portfolio valuation decreased to £555.2m, driven by sales and a 5.0% like-for-like decline, partially offset by capital expenditure benefits. EPRA NTA stood at £315.2m, and EPRA EPS was 11.8p. The company declared a fully covered 10p dividend for 2025 and plans to distribute a minimum of 90% of rental profits going forward.
The company continued to focus on strengthening its balance sheet, targeting similar disposal levels in 2026, with £41m of disposals already completed, contracted, or in negotiation. Net LTV improved to 40.4%, and gross borrowings decreased to £266.2m. Cash and cash equivalents were £37.7m.
Leasing performance remained strong, with 64 new lettings totaling £3.2m of rent at 3.9% above 2024 ERV. EPRA occupancy was 75.9%, and rent collection was robust at 99.3%. Regional REIT executed its capital expenditure program, improving EPC ratings, with 84.5% of the portfolio attaining EPC C or better.
The companys portfolio strategy focused on sales and investing in core assets, with 18 capital expenditure projects completed in 2025 and more underway. The core portfolio represented 62.9% of the total, with an EPRA occupancy of 86.5%.
Looking ahead, Regional REIT emphasized the structural supply-demand imbalance in regional offices, driven by high construction costs and limited new developments. The company is well-positioned to benefit from this imbalance, with a focus on quality, energy-efficient space. However, near-term market conditions are expected to remain challenging due to macroeconomic uncertainty and increased costs related to the Middle East conflict.
Post-period, Regional REIT completed £12.3m of disposals, further reducing borrowings by £7.8m. Notable lettings and renewals post-period end totaled £0.7m, reflecting 17.0% above ERV.
In summary, Regional REIT demonstrated resilience in 2025, strengthening its balance sheet, executing its portfolio strategy, and positioning itself for long-term growth in the regional office market, despite near-term challenges.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Portfolio Valuation (£m)622.5555.2-10.8%
EPRA NTA (£m)340.8315.2-7.5%
Net LTV (%)41.840.4-3.4%
Gross Borrowings (£m)316.7266.2-15.9%
Cash and Cash Equivalents (£m)56.737.7-33.5%
Net Rental Income (£m)46.040.3-12.4%
EPRA Occupancy (%)77.575.9-2.1%
Dividend per Share (p)7.810.0+28.2%
**Key Observations:** - **Portfolio Valuation:** Decreased by 10.8% from £622.5m in 2024 to £555.2m in 2025, driven by sales and a like-for-like decline. - **EPRA NTA:** Decreased by 7.5% from £340.8m in 2024 to £315.2m in 2025, reflecting changes in income and property values. - **Net LTV:** Improved slightly from 41.8% in 2024 to 40.4% in 2025 due to reduced borrowings and portfolio adjustments. - **Gross Borrowings:** Significantly decreased by 15.9% from £316.7m in 2024 to £266.2m in 2025, indicating debt reduction efforts. - **Cash and Cash Equivalents:** Decreased by 33.5% from £56.7m in 2024 to £37.7m in 2025, possibly due to increased capital expenditure or debt repayment. - **Net Rental Income:** Decreased by 12.4% from £46.0m in 2024 to £40.3m in 2025, likely due to tenant lease breaks and void costs. - **EPRA Occupancy:** Slightly decreased from 77.5% in 2024 to 75.9% in 2025, reflecting leasing challenges. - **Dividend per Share:** Increased by 28.2% from 7.8p in 2024 to 10.0p in 2025, despite financial pressures, indicating a commitment to shareholder returns.
RKT
RKT Reckitt Benckiser Group PLC
06:01
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Transaction in Own Shares

PRU
PRU Prudential plc
06:01
Market

Transaction in Own Shares

CRE
CRE Conduit Holdings Ltd
06:01
Market

Transaction in Own Shares

FDEV
FDEV Frontier Developments Plc
06:01
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Transaction in Own Shares

OMG
OMG Oxford Metrics plc
06:01
Market

Transaction in Own Shares

HSW
HSW Hostelworld Group PLC
06:01
Market

Transaction in Own Shares

TRIG
TRIG Renewables Infrastructure G…
06:01
Market

Transaction in Own Shares

POW
POW Power Metal Resources plc
06:01
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Transaction in Own Shares

KETL
KETL Strix Group Plc
06:01
Market

Transaction in Own Shares

RCFX
RCFX RC Fornax Plc
06:01
Market

AGM Statement

LSEG
LSEG London Stock Exchange Group…
06:01
Market

Transaction in Own Shares

PIN
PIN Pantheon International PLC
06:01
Market

Transaction in Own Shares

GROW
GROW Draper Esprit PLC
06:01
Market

Transaction in Own Shares

APTD
APTD Aptitude Software Group PLC
06:01
Market

Transaction in Own Shares

ADVT
ADVT AdvancedAdvT Ltd
06:01
Market

Purchase of Own Shares

BATS
BATS British American Tobacco PLC
06:01
Market

Transaction in Own Shares

GLV
GLV Glenveagh Properties PLC
06:01
Market

Transaction in Own Shares

FSFL
FSFL Foresight Solar Fund Ltd
06:01
Market

Annual Results to 31 December 2025

BSRT
BSRT Baker Steel Resources Trust
06:01
Market

Transaction in Own Shares

TRN
TRN Trainline Plc
06:01
Market

Transaction in Own Shares

NIOX
NIOX NIOX Group PLC
06:01
Market

Final Results

NIOX Group PLC, a medical device company focused on point-of-care FeNO testing for asthma and COPD, reported strong financial and operational results for the year ended 31 December 2025. Key highlights include: - **Revenue Growth**: 17% i…

NIOX Group PLC, a medical device company focused on point-of-care FeNO testing for asthma and COPD, reported strong financial and operational results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**17% increase to £48.7 million, driven by 7% growth in clinical revenue to £38.6 million and 77% growth in research revenue to £10.1 million.
**Adjusted EBITDA**Up 21% to £16.7 million, reflecting strong operational leverage.
**Profitability**Operating profit rose to £10.7 million, and profit before tax increased to £11.2 million.
**Cash Position**Strong balance sheet with cash of £19.9 million, up from £10.9 million in 2024, despite a £5.0 million dividend payment.
**Dividend**Final dividend of 1.55 pence per share recommended, up from 1.25 pence in 2024.
**Operational Performance**Total FeNO tests sold increased by 9% to 7.2 million, and the NIOX® Clinical device installed base grew by 7%.
**Product Launches**Successfully introduced the NIOX PRO® device and initiated development of the home-use NIOX MyNO® device.
**Strategic Expansion**Strengthened US commercial capabilities with a direct sales team and expanded market opportunities, including COPD.
**Post-Period Update**Japanese reimbursement rate for FeNO testing increased by 45%, and trading in 2026 has started well.
NIOX remains well-positioned for sustainable growth, supported by its strong financial position, innovative products, and expanding market opportunities in both asthma and COPD management.
Financial Metric20242025Year-on-Year Change
Revenue£41.8m£48.7m17% increase
Clinical Revenue£36.1m£38.6m7% increase
Research Revenue£5.7m£10.1m77% increase
Adjusted EBITDA£13.8m£16.7m21% increase
Cash at Year End£10.9m£19.9m82% increase
Debt£0m£0mNo change
GETB
GETB GetBusy PLC
06:01
Market

2025 Audited Results

**Summary:** GetBusy PLC, a productivity software provider for professional and financial services, announced its audited results for 2025. The company reported strong growth in its SmartVault platform, which established leadership in the…

**Summary**
GetBusy PLC, a productivity software provider for professional and financial services, announced its audited results for 2025. The company reported strong growth in its SmartVault platform, which established leadership in the US tax preparation workflow market. SmartVaults annual recurring revenue (ARR) grew by 16% to $17.8 million, driven by expanded integrations, new business growth, and the launch of SmartRequestAITM. Workiro, another GetBusy platform, showed progress in enterprise and professional services markets, with ARR of £9.3 million.
Group-wide, GetBusy reported ARR growth of 8% at constant currency to £22.6 million, with recurring revenue up 6% to £21.5 million. The company highlighted the strategic importance of AI, positioning its platforms as trusted infrastructure for AI capabilities. GetBusys net cash position was £0.8 million, with available cash funds of £3.8 million. The company expects SmartVaults ARR growth to strengthen in 2026, driven by customer acquisition and AI adoption, while Workiro aims to return to modest growth.
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)Change (%)
Group ARR21,59122,5739825%
Group Recurring Revenue20,85321,5126593%
Group Total Revenue21,44522,0516063%
Group Adjusted EBITDA1,496323(1,173)(78%)
Available Cash Funds3,0623,84077825%
Net Bank (Debt) / Cash1,062840(222)(21%)
IGG
IGG IG Group Holdings PLC
06:01
Market

Transaction in Own Shares

AAF
AAF Airtel Africa Plc
06:01
Market

Transaction in Own Shares

AST
AST Ascent Resources plc
06:01
Market

Update on Slovenia ECT Claim

PSON
PSON Pearson PLC
06:01
Market

Transaction in Own Shares

MERC
MERC Mercia Technologies PLC
06:01
Market

Transaction in Own Shares

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

Final Results 2025

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<mark style="background-coloryellow"></mark>
RLE
RLE Real Estate Investors PLC
06:01
Market

Final Results

**Summary:** Real Estate Investors Plc (REI), a UK-based Midlands-focused Real Estate Investment Trust (REIT), reported its final results for the year ended 31 December 2025. Key highlights include: - **Financial Performance:** Revenue d…

**Summary**
Real Estate Investors Plc (REI), a UK-based Midlands-focused Real Estate Investment Trust (REIT), reported its final results for the year ended 31 December 2025. Key highlights include
**Financial Performance** Revenue decreased to £9.4 million (from £10.8 million in 2024), with an underlying profit before tax of £2.9 million (down from £3.4 million). A pre-tax loss of £0.8 million was recorded, primarily due to a £3.0 million revaluation deficit on investment properties.
**Dividend** A fully covered dividend of 1.6p per share was declared for 2025, representing a yield of 5.2%.
**Disposals and Debt Reduction** REI completed or contracted sales of £8.0 million, using proceeds to reduce debt by £5 million to £34.2 million. Post-year-end, debt was further reduced to £33.2 million.
**Portfolio Performance** The portfolio demonstrated robust rent collection at 99.28%, with a contracted rental income of £8.3 million p.a. and an improved WAULT of 6.01 years to break and 7.50 years to expiry. Occupancy stood at 78.69%.
**Post-Year-End Activity** Occupancy improved to 78%, with contracted rental income at £8.2 million p.a. and WAULT at 5.99 years to break and 7.51 years to expiry. A healthy pipeline of new income and disposals is in progress.
**Strategic Sales Programme** REI remains focused on completing its orderly sales programme within the 3-year timeframe, aiming to repay debt and return capital to shareholders. The company is actively marketing assets and exploring options to maximize shareholder value, including potential portfolio or entire company sales.
**ESG Initiatives** REI achieved a 31% reduction in carbon emissions for landlord-controlled areas in 2025 and is transitioning to 100% green electricity contracts.
Despite market challenges, REI continues to execute its strategy, prioritizing debt reduction and shareholder returns while maintaining operational resilience.
Financial Metric20252024Change
Revenue (£ million)9.410.8-13%
Underlying Profit Before Tax (£ million)2.93.4-15%
Pre-tax Loss (£ million)-0.8-2.467% Improvement
Contracted Rental Income (£ million)8.39.0-8%
EPRA EPS (pence)1.71.9-11%
Basic Loss per Share (pence)-0.5-1.464% Improvement
Dividend per Share (pence)1.61.9-16%
Average Cost of Debt (%)5.756.5-11%
Gross Property Assets (£ million)115.7124.6-7%
EPRA NTA per Share (pence)49.151.3-4%
Debt (£ million)34.239.2-13%
Loan to Value (net of cash) (%)24.826.4-6%
Cash at Bank (£ million)6.16.9-12%
GRP
GRP Greencoat Renewables PLC
06:01
Market

Transaction in Own Shares

ULTP
ULTP Ultimate Products Plc
06:01
Market

Interim Results

Ultimate Products PLC, owner of homeware brands Salter and Beldray, reported interim results for the six months ended 31 January 2026. Key highlights include: - Revenue declined 6% to £74.5 million due to subdued consumer demand and a str…

Ultimate Products PLC, owner of homeware brands Salter and Beldray, reported interim results for the six months ended 31 January 2026. Key highlights include
Revenue declined 6% to £74.5 million due to subdued consumer demand and a strategic reduction in third-party clearance sales.
International branded sales grew 19% to £27.7 million, driven by a 91% increase in sales to EU discounters.
Adjusted EBITDA fell 29% to £5.0 million, impacted by non-recurring costs related to commercial function reorganization.
Net bank debt decreased 45% to £9.7 million, with an improved net bank debt/adjusted EBITDA ratio of 0.9x.
The company continued to strengthen its commercial function, promote senior management, and invest in operational efficiency through technology.
Despite macroeconomic uncertainties, the company expects trading trends to continue in the second half, with sales marginally ahead of market expectations and profitability in line with consensus.
In summary, Ultimate Products navigated a challenging market by focusing on branded product sales, international expansion, and operational improvements, positioning itself for future growth despite near-term headwinds.
Financial MetricH1 FY25H1 FY26Change (£'000)Change (%)
Revenue£79,484£74,450(£5,034)-6%
Gross Profit£18,411£16,947(£1,464)-8%
Adjusted EBITDA£7,014£5,004(£2,010)-29%
Adjusted Profit Before Tax£5,161£3,090(£2,071)-40%
Statutory Profit Before Tax£5,809£2,416(£3,393)-58%
Net Bank Debt(£17,735)(£9,730)£8,005-45%
LIO
LIO Liontrust Asset Management
06:01
Market

Transaction in Own Shares

HILS
HILS Hill & Smith Holdings PLC
06:01
Market

Transaction in Own Shares

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

Transaction in Own Shares

CLDN
CLDN Caledonia Investments
06:01
Market

Transaction in Own Shares

STJ
STJ St. Jamess Place plc
06:01
Market

Transaction in Own Shares

MTO
MTO Mitie Group PLC
06:01
Market

Transaction in Own Shares

SAG
SAG Science Group plc
06:01
Market

Transaction in Own Shares

BAB
BAB Babcock International Group…
06:01
Market

Transaction in Own Shares

NCC
NCC NCC Group plc
06:01
Market

Transaction in Own Shares

GBG
GBG GB Group plc
06:01
Market

Transaction in Own Shares

INPP
INPP International Public Partne…
06:01
Market

Transaction in Own Shares

EXPN
EXPN Experian PLC
06:01
Market

Transaction in Own Shares

HICL
HICL HICL Infrastructure Company…
06:01
Market

Transaction in Own Shares

CHRY
CHRY Chrysalis Investments Ltd
06:01
Market

Transaction in Own Shares

VLG
VLG Venture Life Group PLC
06:01
Market

Transaction in Own Shares

SEQI
SEQI Sequoia Econ Infrastructure
06:01
Market

Transaction in Own Shares

UTG
UTG Unite Group PLC
06:01
Market

Transaction in Own Shares

VTY
VTY Vistry Group PLC
06:01
Market

Transaction in Own Shares

EDIN
EDIN Edinburgh Investment Trust
06:01
Market

Transaction in Own Shares

CVCE
CVCE CVC Income & Growth Limited
06:01
Market

2025 Annual Report and Financial Statements

TIME
TIME Time Finance PLC
06:01
Market

Q3 Trading Update

VOF
VOF VinaCapital Vietnam Opportu…
06:01
Market

Transaction in Own Shares

N91
N91 Ninety One PLC
06:01
Market

Transaction in Own Shares

JDW
JDW J D Wetherspoon PLC
06:01
Market

Transaction in Own Shares

NEO
NEO Neo Energy Metals Plc
06:01
Market

Operational and Corporate Update

KNOS
KNOS Kainos Group PLC
06:01
Market

Transaction in Own Shares

RSG
RSG Resolute Mining Limited
06:01
Market

2025 Annual Report

VEIL
VEIL Vietnam Enterprise Investme…
06:01
Market

Transaction in Own Shares

GOT
GOT Global Opportunities Trust …
06:01
Market

Annual Results

QBT
QBT Quantum Blockchain Technolo…
06:01
Market

Porting AI Oracle onto an Antminer S9

Quantum Blockchain Technologies Plc (QBT) announces the commencement of live in-house <mark style="background-color:yellow">test</mark>ing of its AI Oracle software on a Bitmain Antminer S9 (S9) mining rig, a project initiated in August 20…

Quantum Blockchain Technologies Plc (QBT) announces the commencement of live in-house <mark style="background-color:yellow">test</mark>ing of its AI Oracle software on a Bitmain Antminer S9 (S9) mining rig, a project initiated in August 2025. The goal is to demonstrate enhanced performance to potential customers using a commercial-grade mining rig. Historically, QBT relied on a software simulator, but feedback from US-based Bitcoin mining companies prompted the shift to an industry-recognized rig like the S9, chosen for its open-source operating system and firmware. QBT has successfully modified the S9’s OS and FPGA firmware for AI Oracle integration, which involves data collection, integration, and performance testing. This project aims to secure commercial demonstrations with large Bitcoin miners, targeting companies with proprietary control boards and aftermarket system integrators. Simultaneously, QBT is testing the AI Oracle on a third-party ASIC manufacturer’s rig in its Milan lab, though results from this project will remain confidential. CEO Francesco Gardin highlighted the milestone of transitioning from a simulator to a full multi-ASIC mining rig, emphasizing the potential to expand QBT’s market reach through demonstrated mining efficiency improvements.
AI
SEC
SEC Strategic Equity Capital Cl…
06:01
Market

Directorate change

SUNB
SUNB SUNBELT RENTALS HOLDINGS CDI
06:01
Market

Share Repurchase Program - Weekly Report

PSH
PSH Pershing Square Holdings Ltd
06:01
Market

Transaction in Own Shares

TTE
TTE TotalEnergies SE
06:01
Market

Transaction in Own Shares

NBPE
NBPE NB Private Equity Partners …
06:01
Market

NBPE Announces Transaction in Own Shares

EDV
EDV Endeavour Mining Corp
05:31
Market

Transaction in Own Shares

Digested News

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

EARN logo EARN

Holding(s) in Company

EARNZ plc

TR1 Buy
['UBS Group AG - Investment Bank & Global Wealth Management', '6.199871', '5.888713']
EARN logo EARN

Holding(s) in Company

EARNZ plc

TR1 Buy
['UBS Group AG - Investment Bank & Global Wealth Management', '5.888713', '6.199871']
CNE logo CNE

Statement regarding press speculation

Capricorn Energy PLC

Capricorn Energy PLC confirms receiving multiple proposals from Dragon Oil to acquire its Western Desert assets but believes the la<mark style="background-color:yellow">test</mark> offer undervalues them. The company has not received a proposal for a full acquisition. The Board remains focused on maximizing shareholder value.
Speculation
PHI logo PHI

Holding(s) in Company

Pacific Horizon Investment Trust

TR1 Buy
['City of London Investment Management Company Limited', '14.980000', '15.950000']
IAD logo IAD

Holding(s) in Company

Invesco Asia Dragon Trust plc

TR1 Buy
['City of London Investment Management Company Limited', '22.010000', '21.997000']
TRST logo TRST

Holding(s) in Company

Trustpilot Group PLC

TR1 Buy
['Advent Global Opportunities Master Limited Partnership', '0.064104', '5.249837']
IPF logo IPF

Form 8.3

International Personal Finance PLC

GMET logo GMET

Closing of U.S. Initial Public Offering

Guardian Metal Resources PLC

Guardian Metal Resources PLC successfully closed its U.S. initial public offering (IPO) on March 24, 2026, issuing 4,444,400 American Depositary Shares (ADSs) at $13.50 each, representing 22,222,000 ordinary shares. The underwriters exercised their over-allotment option for an additional 611,553 ADSs, totaling 3,057,765 ordinary shares. Gross proceeds reached approximately $68.3 million. The ADSs were admitted to trading on AIM, with the over-allotment shares admitted the following day. The company, focused on tungsten exploration in Nevada, U.S., has 194,007,981 ordinary shares post-admission, with BMO Capital Markets as lead book-running manager. The offering was conducted via a prospectus filed with the SEC, and the announcement includes forward-looking statements and regulatory disclaimers.
Offers
IPF logo IPF

Form 8.3

International Personal Finance PLC

VOF logo VOF

Holding(s) in Company

VinaCapital Vietnam Opportunity Fund

TR1 Buy
['City of London Investment Management Company Limited', '14.070000', '13.010000']
BBH logo BBH

Holding(s) in Company

Bellevue Healthcare Trust PLC

TR1 Buy
['Evelyn Partners Limited', '1.498960', '5.002842']
IPF logo IPF

Form 8.3

International Personal Finance PLC

AA4 logo AA4

Form 8.3

Amedeo Air Four Plus Limited

AIRE logo AIRE

Statement regarding possible offer

Alternative Income REIT PLC

Alternative Income REIT plc (AIRE) has received an indicative, non-binding proposal from AEW UK REIT plc (AEW) for a possible all-share offer, based on an exchange ratio tied to net asset values, adjusted for costs and dividends, with a 3% discount to AIREs net asset value. AIREs board is evaluating the proposal with advisors, and AEW must decide by April 21, 2026, whether to proceed with a firm offer or withdraw. Shareholders are advised to take no action at this time. The announcement triggers disclosure requirements under the City Code on Takeovers and Mergers, and the information constitutes inside information under Market Abuse Regulations.
Offers
TGA logo TGA

TR-1: Notification of Major Holdings

Thungela Resources Limited

<mark style="background-coloryellow">TR1</mark> Buy
['Allan Gray Proprietary Limited - Clients', '8.6416', '10,0180']
HTWS logo HTWS

LAUNCH OF OFFER OF SENIOR NOTES

Helios Towers Plc

Helios Towers PLC, through its subsidiary HTA Group, Ltd, announced the launch of an offering of fixed-rate senior notes, guaranteed by the company and certain subsidiaries. The proceeds will be used to prepay $445 million in term facilities, for general corporate purposes, and to cover related fees. British International Investment plc (BII), DEG-Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG), and International Finance Corporation (IFC) have expressed interest in purchasing portions of the notes, with allocations ranging from $20 million to $75 million. The offering is restricted to non-U.S. and non-retail investors, with no public offering in the U.S. or EEA/UK retail markets. Stabilization measures may be employed post-issuance. The announcement includes forward-looking statements subject to risks and uncertainties.
Launch
PTSB logo PTSB

Holding(s) in Company

Permanent TSB Group Holdings PLC

TR1 Buy
['The Goldman Sachs Group, Inc.', '3.61', '3.58']
PCTN logo PCTN

Response to Press Speculation

Picton Property Income Ltd

Picton Property Income Limited responds to press speculation regarding its ongoing Strategic Review and Formal Sale Process, confirming a consortium of LondonMetric Property PLC and Schroder Real Estate Investment Trust Limited is among interested parties. No firm offer has been made, and there is no certainty of terms or completion. The company will update the market as appropriate, adhering to regulatory requirements.
Speculation
TTE logo TTE

United States: TotalEnergies Signs Agreements with U.S. Department of Interior to End its U.S. Offshore Wind Projects

TotalEnergies SE

TotalEnergies has signed agreements with the U.S. Department of the Interior to end its U.S. offshore wind projects, relinquishing leases in Carolina Long Bay and New York Bight. The company will recover lease fees and reinvest an equal amount in U.S. gas and power production, including LNG exports. TotalEnergies cited high costs and potential negative impacts on U.S. power affordability as reasons for exiting offshore wind, opting instead to focus on more affordable energy solutions. The company also announced a Letter of Intent for LNG offtake from the Alaska LNG project and highlighted its significant investments in U.S. oil, LNG, and electricity sectors.
Agreement
GGP logo GGP

Holding(s) in Company

Greatland Resources Limited

TR1 Buy
['Van Eck Associates Corporation', '5.93', 0]
BMY logo BMY

Holding(s) in Company

Bloomsbury Publishing Plc

TR1 Buy
['JPMorgan Asset Management Holdings Inc.', '4.751321', '4.811441']
XAR logo XAR

Final Results

Xaar plc

Xaar PLC, an inkjet printing technology group, reported its audited results for the year ended 31 December 2025. Key highlights include
Revenue from continuing operations increased by 12% to £60.1 million, with printhead revenue up 22% to £43.0 million.
Adjusted profit before tax from continuing operations was £0.8 million, compared to a loss of £1.0 million in 2024.
Net cash decreased to £4.9 million, after investing £2.0 million in capex and £0.9 million in share purchases.
R&D investment remained consistent at around 10% of revenue.
The company achieved a commercial breakthrough in the jewellery wax 3D printing market and made progress in other key development projects.
A new facility was opened in Dongguan, China, for ink-delivery manufacturing, customer demonstration, and supply-chain optimization.
Gross margins improved to 40%, and adjusted EBITDA increased by 56% to £3.5 million.
The company ended the year with a healthy order book and is well-positioned for further progress in 2026 and beyond.
Financial Metric20242025Change
Revenue from Continuing Operations (£ million)53.860.1+12%
Printhead Revenue (£ million)35.243.0+22%
Adjusted Profit Before Tax (£ million)(1.0)0.8+179%
Net Cash (£ million)8.24.9-40%
Gross Margin (%)37%40%+3%
Adjusted EBITDA (£ million)2.23.5+56%
Reported Loss for the Period (£ million)(8.6)(3.0)-65%
Loss from Discontinued Operations (£ million)(2.3)(0.4)-84%
Adjusted Earnings per Share (pence)0.71.1+0.4p
Basic Loss per Share (pence)(13.7)(4.3)+9.4p
PGH logo PGH

Preliminary Results and Final Dividend

Personal Group Holdings PLC

Personal Group Holdings PLC reported strong preliminary results for the year ended 31 December 2025, with double-digit revenue growth and adjusted EBITDA ahead of market expectations. Key highlights include
**Revenue Growth**Group revenue increased by 11% to £48.4 million, driven by growth across all divisions.
**Recurring Revenue**Annualised recurring revenue (ARR) rose by 12% to £48.6 million, with over 90% of revenue derived from recurring sources like insurance and SaaS subscriptions.
**Adjusted EBITDA**Up 22% to £12.1 million, surpassing market expectations of £11.6 million.
**Profitability**Profit before tax increased by 23% to £8.4 million, and basic EPS grew by 32% to 23.3p.
**Dividend**A 41% increase in the full-year dividend to 23.3p per share, reflecting strong cash generation and confidence in the business model.
**Operational Performance**Record insurance sales, strong customer retention (81.7%), and new client wins (e.g., Avery, Securitas, Harbour Healthcare) expanded the addressable customer base.
**Strategic Progress**Continued uptake of the Benefits & Rewards platform, renewed partnerships (e.g., Sage), and new digital insurance offerings.
**Balance Sheet**Strong liquidity with £29.0 million in cash and no debt, positioning the Group well for future growth.
**Outlook**Confidence in achieving 2030 aspirations of £100 million revenue, £30 million EBITDA, and £20 million SaaS ARR, supported by strategic pillars of Adoption, Expansion, Innovation, and Partnering.
The Group remains focused on delivering meaningful impact for employers and employees, particularly in a challenging economic environment.
Year-on-Year Financial and Debt Comparison (2024 vs 2025)
Metric20242025Change
Group Revenue (£'000)43,80048,400+11%
Adjusted EBITDA (£'000)10,00012,100+21%
Profit Before Tax (£'000)6,8008,400+23%
Basic EPS (pence)17.723.3+32%
Cash and Bank Deposits (£'000)27,40029,000+6%
DebtNoneNoneNo Change
Final Dividend (pence per share)16.523.3+41%
STAF logo STAF

Launch of Share Buy-back

Staffline Group Plc

Staffline Group PLC announces the launch of a share buyback program, intending to purchase up to 4,971,315 ordinary shares at 10 pence each, with shares to be cancelled post-purchase. The buyback aims to enhance shareholder value, aligned with the companys disciplined capital allocation strategy, considering growth, investments, cash generation, and leverage. The program operates under shareholder authority granted at the 2025 AGM, with specific price and volume limits, and Panmure Liberum appointed to execute purchases. The buyback may exceed EU volume restrictions, potentially falling outside safe harbour provisions. Staffline, a leading UK recruitment group, operates in Recruitment GB and Recruitment Ireland, supplying flexible workers across various industries.
Launch
FEVR logo FEVR

FY25 Preliminary Results to 31 December 2025

Fevertree Drinks Plc

Fevertree Drinks PLCs preliminary results for FY25 (ending December 31, 2025) highlight positive strategic progress, with Fever-Tree brand revenue growing 4% year-on-year (constant currency), accelerating to 5% in H2. Diversification efforts are gaining traction, with 45% of group revenue now from products beyond tonic. The US market showed strong momentum despite the Molson Coors transition, positioning the company for accelerated growth in 2026. UK revenue dipped 2%, but performance improved in H2, driven by strong Off-Trade sales. Europe maintained market share gains, with Ginger Beer as a standout performer. Adjusted EBITDA, excluding a £2.8m provision for the UK EPR Levy, was £45.2m, in line with guidance. The company completed a £100m share buyback and initiated a further £30m buyback, reflecting its cash generative model. Despite geopolitical uncertainties, Fevertree remains confident in its 2026 outlook, aligning with market expectations.
MetricFY25FY24YoY ChangeConstant Currency Change
Revenue
US£131.9m£128.0m3%6%
UK£108.4m£111.1m-2%-2%
Europe (Fever-Tree brand revenue)£94.7m£92.7m2%2%
ROW£37.7m£32.2m17%22%
Total Adjusted Fever-Tree Revenue£372.7m£364.0m2%4%
GDP brand revenue£2.6m£4.5m-42%-43%
Total Adjusted Revenue£375.3m£368.5m2%3%
Profitability
Adjusted EBITDA£42.4m£50.7m-16%-
Adjusted EBITDA margin11.3%13.7%-240bps-
Earnings
Diluted EPS (pence per share)18.62p20.85p-11%-
Normalised EPS (pence per share)24.12p28.01p-14%-
Dividends
Ordinary Dividend (pence per share)17.31p16.97p2%-
Cash
Cash£91.1m£96.0m-5%-
BOOT logo BOOT

Final Results

Henry Boot PLC

Henry Boot PLC, a UK-based land, property development, and home building company, reported its final results for the year ended 31 December 2025. The company demonstrated resilience in challenging markets, achieving record land sales and laying a strong foundation for future growth. Key highlights include
**Financial Performance**Total land and property sales reached £356 million, with a share of £193 million, driven by strong demand for high-quality residential land. Revenue was marginally lower at £307.0 million due to reduced home building turnover, partially offset by higher land promotion sales. Profit before tax was £29.1 million, broadly in line with market expectations, supported by record plot sales.
**Operational Achievements**
**Land Promotion**Hallam Land achieved record sales of 3,957 plots, increasing operating profit by 35% to £32.9 million. Planning consents were secured for 4,159 plots, growing the consented land bank to 9,024 plots.
**Property Investment & Development**Delivered an operating profit of £9.4 million, with a £1.7 billion development pipeline, 55% of which is in Industrial and Logistics (I&L).
**Home Building**Increased ownership in Stonebridge Homes to 62.5%, with a focus on professionalizing and integrating the business. Despite slower sales and cost overruns, net private weekly reservation rates improved to 0.43 by March 2026.
**Strategic Initiatives**
Sold Henry Boot Construction to streamline the group and sharpen strategic focus.
Launched the Future Ways of Working programme to improve efficiencies and collaboration.
Increased ownership in Stonebridge Homes to 62.5%, with plans to reach full ownership by 2030.
**Financial Position**Net Asset Value (NAV) per share remained broadly unchanged at 312p. Net debt increased to £108.0 million due to investment in Stonebridge Homes land bank and the reduction in cash from the sale of Henry Boot Construction.
**Dividend**Proposed a final dividend of 4.62p, bringing the total dividend for the year to 7.86p, a 2.1% increase.
**Outlook**The company expects sustained demand for high-quality residential land and signs of improvement in Stonebridge Homes. Performance is anticipated to be second-half weighted in 2026, with a strong balance sheet and development pipeline positioning the company well for future growth.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Total Revenue (£'m)325.8307.0-6%
Profit Before Tax (£'m)30.729.1-5%
Net Debt (£'m)62.7108.0+72%
Gearing (%)14.725.7+75%
Net Asset Value (NAV) per share (p)3123120%
Total Dividend per share (p)7.707.86+2.1%
**Key Observations:** - **Revenue Decline:** Total revenue decreased by 6% from £325.8m in 2024 to £307.0m in 2025, primarily due to reduced turnover in the home building segment. - **Profit Before Tax:** Profit before tax marginally decreased by 5% from £30.7m in 2024 to £29.1m in 2025, supported by record plot sales and the initial profit recognition on the disposal of Henry Boot Construction. - **Net Debt Increase:** Net debt significantly increased by 72% from £62.7m in 2024 to £108.0m in 2025, driven by the investment in Stonebridge Homes' land bank and the reduction in cash from the sale of Henry Boot Construction. - **Gearing Increase:** Gearing increased by 75% from 14.7% in 2024 to 25.7% in 2025, reflecting the higher net debt level. - **NAV per Share Stability:** Net Asset Value (NAV) per share remained stable at 312p in both years. - **Dividend Increase:** The total dividend per share increased by 2.1% from 7.70p in 2024 to 7.86p in 2025.
DIS logo DIS

Trading Update

Distil Plc

Distil PLC reports significantly lower-than-expected Q4 and full-year revenues due to softer sales, higher stock levels in the trade, and economic pressures. Despite increased end-customer sales, overall performance is impacted by reduced consumer spending, duty increases, and delayed US distribution of Blavod black vodka. The company faces short-term funding needs and is exploring options to address them. Ardgowan Distillery faces production delays due to power supply issues, impacting funding drawdowns, with resolution expected by year-end. Promotional activities and cost reductions are underway to mitigate sales decline.
Financial Metric20252026Change
RevenueNot ProvidedMaterially Below Market ExpectationsSignificant Decline
Loss Before TaxNot ProvidedGreater Than AnticipatedIncreased Loss
UK Sales (Distributor to Customers)Not Provided+51% YoY (First Two Months of 2026)Growth
RedLeg Consumer Sales (Grocery)Not Provided+36% YoY (Christmas Period)Growth, but Below Forecast
UK Spirits Market ValueNot Provided-0.9% (12 Weeks to w/e 3 Jan 2026)Decline
Debt Funding (Ardgowan)£3m Convertible Loan NotesDelayed Due to Production IssuesFunding Gap
CNS logo CNS

Final Results

Corero Network Security plc

Corero Network Security PLC reported its final results for the year ended 31 December 2025, highlighting strong sales traction and EBITDA growth in H2 2025, ahead of market expectations. Key financial highlights include revenues of $25.5 million (up from $24.6 million in FY 2024), EBITDA of $1.5 million, and adjusted EBITDA of $2.0 million. Annual Recurring Revenues (ARR) increased by 23% to $23.9 million, driven by strong demand for subscription-based and DDoS Protection as-a-Service (DDPaaS) products. Order intake grew by 20% to $33.8 million, with a 98% customer retention rate. Despite a loss before taxation of $0.7 million, the company demonstrated positive cash generation in H2 2025 and ended the year with net cash of $4.0 million. Operationally, Corero secured significant customer renewals and expansions, including a $6.8 million deal with a leading US cloud computing provider. The company also expanded its global footprint, particularly in Latin America and the Middle East, through strategic partnerships and new customer wins. Management remains confident in delivering sustained ARR growth and transitioning to a subscription-based model, despite global economic uncertainties. The DDoS market remains buoyant, driven by increasing cyber threats and regulatory demands, positioning Corero for future growth.
Financial Metric2025 ($'000)2024 ($'000)Year-on-Year Change
Revenue25,49924,559+3.8%
EBITDA1,4942,500-40.2%
Adjusted EBITDA2,0003,000-33.3%
Annual Recurring Revenues (ARR)23,90019,500+22.6%
Order Intake33,80028,200+19.9%
Net Cash4,0345,321-24.2%
Gross Margins90%91%-1.1%
Loss Before Taxation(653)555N/A (Loss vs Profit)
### Key Observations: 1. **Revenue Growth**: Revenue increased by 3.8% year-on-year, driven by strong sales traction in H2 2025. 2. **EBITDA and Adjusted EBITDA Decline**: Both EBITDA and Adjusted EBITDA decreased significantly, reflecting higher operating expenses and the transition to a subscription-based model. 3. **ARR Growth**: ARR grew by 22.6%, indicating strong demand for subscription-based and DDPaaS products. 4. **Order Intake Increase**: Order intake increased by 19.9%, supported by strong momentum in H2 2025. 5. **Net Cash Decrease**: Net cash decreased by 24.2%, despite positive cash generation in H2 2025, likely due to increased investment in R&D and new product development. 6. **Gross Margins**: Gross margins slightly decreased by 1.1%, possibly due to changes in product mix and increased costs. 7. **Loss Before Taxation**: The company moved from a profit to a loss before taxation, reflecting higher operating expenses and the impact of the subscription-based model transition.
STAF logo STAF

2025 Audited Results

Staffline Group Plc

**Summary**
Staffline Group PLC reported strong FY 2025 results, significantly exceeding market expectations. Key highlights include
**Financial Performance** Revenue grew by 11.5% to £1,106.7 million, gross profit increased by 10.6% to £78.3 million, and operating profit surged by 31.3% to £13.0 million. Profit before taxation rose by 48.0% to £7.4 million, and profit after tax (total activities) increased by 157.8% to £4.8 million.
**Operational Strength** The company achieved organic market share growth, particularly in the UK temporary recruitment sector, and secured a significant new strategic partnership with a leading logistics provider.
**Divisional Performance** Recruitment GB division saw revenue growth of 13.6% and operating profit growth of 30.0%. Recruitment Ireland achieved 10.3% growth in permanent white-collar recruitment fees.
**Strategic Focus** The disposal of PeoplePlus in February 2025 transformed Staffline into a pure-play recruitment specialist, enhancing its market-leading position.
**Balance Sheet and Shareholder Returns** The company maintained a strong balance sheet, supporting a share buyback program. Net cash (pre-IFRS 16) was £1.5 million, and the company reduced its share count by 13% during the year.
**Outlook** Management remains cautiously optimistic for FY 2026, expecting continued growth despite macroeconomic risks, driven by defensive markets and a healthy new business pipeline.
Overall, Stafflines exceptional performance in FY 2025 reflects its successful strategy, operational efficiency, and focus on organic growth, positioning it well for future expansion.
Metric20242025Change
Revenue (£m)992.91,106.7+11.5%
Gross Profit (£m)70.878.3+10.6%
Operating Profit (£m)9.913.0+31.3%
Profit Before Taxation (£m)5.07.4+48.0%
Profit After Tax (£m)(8.3)4.8+157.8%
EBITDA (£m)12.416.5+33.1%
Net Cash (pre-IFRS 16) (£m)9.61.5-£8.1m
Net (Debt)/Cash (post-IFRS 16) (£m)4.9(2.5)-£7.4m
CSN logo CSN

Final Results

Chesnara

**Summary**
Chesnara PLCs 2025 full-year results highlight a transformative year marked by strategic acquisitions, robust financial performance, and operational excellence. The company reported significant growth across key metrics, driven by disciplined operational delivery and exceptional capital markets activity.
**Financial Highlights**
**Cash** Operating Capital Generation (OCG) increased by 19% to £94m, and Cash Remittances rose by 30% to £58m.
**Capital** Solvency Coverage Ratio improved to 257%, and Own Funds grew by 34% to £859m.
**Value** Adjusted Operating Profit (AOP) surged by 42% to £56m, and Assets under Administration (AUA) increased by 10% to £15bn.
**Strategic Milestones**
**Acquisitions** Completed the acquisition of HSBC Life (UK) in January 2026, rebranded as Chesnara Life, and announced the acquisition of Scottish Widows Europe SA in February 2026, expanding into Luxembourg.
**Integrations** UK integrations, including Chesnara Life, are progressing well, and Dutch entities were successfully merged, simplifying the footprint.
**Capital Raises** Successfully raised £140m in equity and £150m in RT1 bonds, supporting future growth and M&A activities.
**Dividend** Recommended a 6% increase in the final dividend to 14.80p per share, with a total dividend for FY 2025 of 22.50p per share.
**Operational Performance**
**UK** Continued implementation of the Transition and Transformation program, with four migrations completed and planning underway for Chesnara Life integration.
**Sweden** Strong growth in the custodian business, supported by new partnerships and distribution agreements.
**Netherlands** Completed the legal merger of Scildon and Waard, with further integration planned to realize synergies.
**Sustainability**
Published the first Climate Transition Plan in September 2025, outlining steps to achieve net-zero emissions by 2050.
**Outlook**
The company expects further opportunities for growth, supported by a robust M&A pipeline and a strong track record of disciplined execution. The addition of Chesnara Life and Scottish Widows Europe SA is anticipated to enhance resilience and long-term Operating Capital Generation potential.
Chesnaras 2025 results demonstrate its ability to deliver strong financial performance while executing strategic initiatives, positioning the company for continued growth and value creation.
Here is the comparison of financials and debt year on year in an HTML table format:
MetricFY 2025FY 2024% Change
Operating Capital Generation (OCG)£94m£79m19%
Cash Remittances£58m£45m30%
Solvency Coverage Ratio257%203%54ppts
Own Funds£859m£643m34%
Adjusted Operating Profit (AOP)£56m£39m42%
Assets under Administration (AUA)£15bn£14bn10%
IFRS Profit Before Tax£19m£21m(9%)
IFRS Capital Base£694m£449m55%
Leverage22%31%(29%)

Note: Debt information is not explicitly provided in the text, but the Leverage ratio is included as a proxy for debt levels.

This table compares the key financial metrics for Chesnara PLC between FY 2025 and FY 2024, showing the percentage change year on year. The leverage ratio is included as a proxy for debt levels, although explicit debt figures are not provided in the text.
PZC logo PZC

Q3 TRADING UPDATE

PZ Cussons PLC

PZ Cussons PLC reported strong Q3 trading performance with 6.3% like-for-like revenue growth, continuing the positive momentum from the first half of FY26. The company expects full-year adjusted operating profit to be at the upper end of its £53-57 million guidance range, supported by stable Nigerian Naira exchange rates and effective cost management. Management has taken steps to reduce sensitivity to currency fluctuations, though final results remain subject to exchange rate movements. FY26 results will be announced on 6 August 2026.
MetricQ3 FY26H1 FY26Year-on-Year Change
Group LFL Revenue Growth6.3%9.5%Decrease (from 9.5% to 6.3%)
Reported Revenue Growth5.0%8.0%Decrease (from 8.0% to 5.0%)
Adjusted Operating Profit GuidanceUpper end of £53-57 million£53-57 millionNo change, but expectation moved to upper end
Debt Sensitivity to Nigerian NairaReducedNot specifiedImproved (due to management actions)
TMT logo TMT

Final Results and Notice of AGM

TMT Investments PLC

TMT Investments PLC, a venture capital company investing in high-growth technology firms, reported its final results for the year ended 31 December 2025. Key highlights include a net asset value (NAV) per share of US$7.13, up 8.9% year-on-year, and a total NAV of US$220.8 million. The company achieved an internal rate of return (IRR) of 14% per annum since inception. TMT made US$1.5 million in additional investments in 2025 and received US$5.5 million from cash disposals and dividends, including significant gains from Scale AI and partial disposals of Bolt and Backblaze. The company also completed a US$1.7 million share buyback program. Despite macroeconomic challenges, TMTs portfolio demonstrated resilience, with positive revaluations in seven companies offset by write-downs in nine others. The company maintained a cautious investment approach, adding two new companies to its portfolio. TMT ended the year with US$5.0 million in cash reserves and no financial debt, positioning it well to navigate market volatility and pursue strategic investments. The Annual General Meeting is scheduled for 19 May 2026.
Financial Metric20242025Year-on-Year Change
NAV per share (US$)6.557.13+8.9%
Total NAV (US$ million)205.9220.8+7.2%
IRR from inception (%)14.514-3.4%
Additional investments (US$ million)5.91.5-74.6%
Cash disposals and dividends received (US$ million)5.95.5-6.8%
Cash and cash equivalents (US$ million)5.25.0-3.8%
Debt (US$ million)000%
YOU logo YOU

Results for the six months to 31 January 2026

YouGov plc

YouGov PLCs half-year report for the six months ended 31 January 2026 highlights a resilient performance with 2% revenue growth to £194.8 million, driven by sustained demand in the Research division. Statutory operating profit grew by 14% to £16.8 million, while adjusted operating profit decreased by 20% to £24.0 million due to investments in the Shopper division and strategic areas. The company maintained a solid balance sheet with £32.8 million in cash and a leverage ratio of 2.1x net debt to EBITDA.
Key operational highlights include a focus on strengthening core Data Products, good performance in the Research division, and targeted investment in the Shopper business. The company also launched AI-driven innovations like YouGov BrandIndex Voices and initiated a strategic review of the Shopper division to unlock long-term value.
Looking ahead, YouGov expects FY26 adjusted operating profit to be £52-£56 million, considering a £6 million incremental investment in Shopper. The Board plans to launch a share buyback program instead of an annual dividend, reflecting confidence in the companys intrinsic value. A Value Delivery Plan has been mobilized to improve efficiency and margins, with Wave 1 completed and Wave 2 in planning, aiming for an annualized margin uplift of over 350bps.
Financial Metric2025 (Six Months)2026 (Six Months)Year-on-Year Change
Revenue (£m)191.7194.8+1.6% (2% reported)
Adjusted Operating Profit (£m)30.124.0-20% (reported)
Statutory Operating Profit (£m)14.816.8+14%
Adjusted Profit Before Tax (£m)24.116.8-30%
Statutory Profit Before Tax (£m)8.38.6+4%
Adjusted Basic Earnings per Share (pence)17.111.4-33%
Statutory Basic Earnings per Share (pence)6.85.7-16%
Net Debt (£m)158.3160.3+1.3%
Leverage Ratio (Net Debt/EBITDA)2.0x2.1x+5%
SFOR logo SFOR

Audited 2025 Results

S4 Capital PLC

**Summary**
S4 Capital PLCs audited 2025 results show a decline in reported net revenue by 10.8% to £673.0 million, with a like-for-like decrease of 8.4%. Operational EBITDA decreased by 7.5% to £81.2 million, but the margin improved to 12.1%. Net debt reduced to £86.9 million, below the targeted range, and the company repurchased €25.7 million of its Term Loan B at a discount. A final dividend of 1.1p per share, a 10% increase, was proposed. For 2026, like-for-like net revenue is expected to be slightly below 2025, with an operational EBITDA margin targeted to increase by at least 100 basis points. The companys strategy remains focused on digital advertising and marketing services, leveraging AI and first-party data to drive growth. Despite macroeconomic challenges, S4 Capital is confident in its long-term growth prospects, supported by its unified digital transformation model and strong client relationships.
Financial Metric20242025Change
Reported Net Revenue (£ millions)754.6673.0(10.8%)
Like-for-Like Net Revenue (£ millions)734.9673.0(8.4%)
Operational EBITDA (£ millions)87.881.2(7.5%)
Operational EBITDA Margin11.6%12.1%50bps increase
Year End Net Debt (£ millions)(142.9)(86.9)39.2% improvement
Free Cash Flow (£ millions)37.886.548.7 increase
JNEO logo JNEO

Final Results

Journeo PLC

Journeo PLC, a provider of intelligent systems for transport networks and critical national infrastructure, reported its final results for the year ended 31 December 2025. Key highlights include
**Financial Performance**Revenue increased by 11% to £55.0 million, gross profit rose by 23% to £21.8 million, and adjusted profit before tax grew by 13% to £5.7 million. Cash and cash equivalents stood at £12.0 million.
**Operational Achievements**
Acquired Crime and Fire Defence Systems Limited, expanding capabilities into adjacent markets.
Secured a £10 million framework award from First Bus UK, with an additional £3.5 million extension into First Bus London.
Won a £4.2 million purchase order from Alstom SA for rail on-vehicle systems.
Continued international expansion with new orders from Outfront Media.
Maintained all ISO and cyber security certifications.
**Strategic Focus**Emphasis on customer-centric approach, innovation, and strategic acquisitions to drive sustainable growth.
**Outlook**Strong order book, disciplined capital management, and a talented team position Journeo for further growth, despite external market risks.
**Summary**Journeo PLC achieved record financial and operational results in 2025, driven by organic growth, strategic acquisitions, and expanded market reach. The company is well-positioned for future growth with a strong order book, innovative solutions, and a focus on customer needs.
Financial Metric20242025Change
Revenue (£'000)49,55855,02211%
Gross Profit (£'000)17,68021,80123%
Adjusted Profit before Tax (£'000)5,0135,68013%
Cash and Cash Equivalents (£'000)14,31812,029-16%
Diluted Earnings per Share (pence)26.2923.83-9%
Net Current Assets (£'000)16,51911,643-30%
Net Cash Flows from Operating Activities (£'000)7,5918,2168%
EVPL logo EVPL

Unaudited Final Results 2025

Everplay Group PLC

Everplay Group plc, a leading global indie developer and publisher of premium video games, working simulation games, and childrens edutainment apps, reported its unaudited final results for the year ended 31 December 2025. The company achieved double-digit profit growth and strong margin expansion, supported by growth in new release revenues and successful platform partnerships. Revenue remained flat at £166.0 million, but gross profit increased by 10% to £76.3 million, and adjusted EBITDA rose by 11% to £48.5 million. The company continued its strategic priorities, including new first-party IP releases and acquisitions of IP and back-catalogue publishing rights. Everplay released 11 new titles, entered partnerships with major platforms like Netflix Games and Nintendo Switch 2, and made strategic acquisitions, including a minority stake in Super Media Group and the rights to the Hammerwatch franchise. The companys financial performance was driven by strong new release revenues, up 80%, and a resilient back catalogue, which accounted for 75% of total revenues. Everplay ended the year with a cash balance of £51.9 million and declared a final ordinary dividend of 1.9 pence per share. The company is optimistic about its outlook, with an exciting pipeline of new games and apps for FY 2026, and expects to achieve results in line with market expectations.
Financial Metric20252024Change
Revenue (£'000)165,995166,624(0%)
Gross Profit (£'000)76,32269,37410%
Gross Profit Margin (%)46.0%41.6%4.4pts
Adjusted EBITDA (£'000)48,47543,54911%
Adjusted EBITDA Margin (%)29.2%26.1%3.1pts
Profit Before Tax (£'000)36,58825,32344%
Adjusted Profit Before Tax (£'000)48,46943,37912%
Adjusted EPS (pence)25.724.17%
Operating Cash Conversion (%)89%97%(8)pts
Cash and Cash Equivalents (£'000)51,87062,877(17)%
PXEN logo PXEN

Formal Offer of onshore Polish licences

Prospex Energy PLC

Prospex Energy PLC announces its wholly-owned subsidiary, PXEN Tatra, has formally accepted offers for the San and Dunajec onshore licenses in Poland, advancing its expansion into the country. These licenses, located in southern Poland’s prolific Carpathian foredeep gas play, offer 100% ownership, proven gas production areas, and potential for accelerated development, including an undeveloped oil discovery in Dunajec. The administrative award process is expected to conclude by May 2026, with a €289,000 fee payable from recent cash raises. Prospex plans to fund work programs through production income and farm-in partnerships, leveraging Poland’s supportive regulatory environment for natural gas investment.
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PPHC logo PPHC

PPHC Announces Full Year 2025 Financial Results

Public Policy Holding Company Inc

Public Policy Holding Company, Inc. (PPHC) announced its full-year 2025 financial results, highlighting significant growth and strategic achievements. Revenue reached $186.5 million, a 24.7% increase year-over-year, with organic revenue growth of 6.2%. Adjusted EBITDA hit a record $45.4 million, up 17.7%, with a margin of 24.3%. The company successfully completed a $45.8 million IPO in the US and a dual listing on Nasdaq in January 2026, transitioning from net debt to a net cash position. PPHC also completed two acquisitions in 2025, expanding its capabilities and geographic reach. Despite a GAAP net loss of $39.0 million, adjusted net income rose 32.1% to $36.6 million. The company declared a final dividend of $0.240 per share, with a total dividend of $0.355 per share for FY 2025. Operationally, PPHC grew its client base to approximately 1,400, including nearly half of the Fortune 100, and ended the year with 613 clients spending over $100,000 annually. Management expects continued organic revenue growth of around 5% in 2026, supplemented by acquisitions, with Adjusted EBITDA margins around 25%.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric20242025Change%
Revenue$149.6 million$186.5 million$36.9 million24.7%
Adjusted EBITDA$38.6 million$45.4 million$6.8 million17.7%
Net Debt$17.5 million$26.6 million$9.1 million51.6%
Cash and Cash Equivalents$14.5 million$20.4 million$5.9 million40.6%
Total Debt$32.0 million$47.0 million$15.0 million46.6%
**Key Observations:** * **Revenue Growth:** PPHC experienced a significant increase in revenue from $149.6 million in 2024 to $186.5 million in 2025, representing a 24.7% growth rate. * **Adjusted EBITDA Improvement:** Adjusted EBITDA also increased from $38.6 million to $45.4 million, a 17.7% improvement, indicating enhanced operational efficiency. * **Net Debt Increase:** Net debt increased by 51.6% from $17.5 million to $26.6 million, primarily due to the acquisition of TrailRunner in Q2 2025. * **Cash Position Strengthened:** Cash and cash equivalents increased by 40.6% from $14.5 million to $20.4 million, reflecting improved liquidity. * **Total Debt Increase:** Total debt increased by 46.6% from $32.0 million to $47.0 million, likely due to financing acquisitions and operations.
TMG logo TMG

Final Results

The Mission Group plc

**Summary**
The Mission Group PLC, a collective of Creative and MarTech Agencies, reported its final results for the year ended 31 December 2025. Despite a challenging market environment, the company demonstrated resilience, maintaining strong client retention and winning new clients like Omega Watches and easyJet. However, overall financial performance was impacted by macroeconomic uncertainty, leading to extended sales cycles and restricted budgets.
**Financial Highlights**
* **Revenue Decline** Total revenue decreased by 21% to £68.8 million compared to £87.7 million in 2024.
* **Profitability** Headline operating profit fell by 44% to £5.1 million, while reported profit before tax resulted in a loss of £18.8 million.
* **Debt Reduction** Net bank debt decreased slightly to £9.0 million, and total debt, including acquisition liabilities, significantly reduced to £10.4 million.
**Strategic Initiatives**
* **Simplification** The company established a unified B2C and B2B advertising agency, streamlining operations and improving efficiency.
* **Prioritization** Focus shifted to leveraging the simplified model, driving new business performance, and evolving offerings to meet client needs.
* **Investment** Targeted investments aimed at capitalizing on strengths, expanding geographically (particularly in the US), and maintaining technological leadership through AI.
* **Cost Savings** Identified annualized cost savings of £4.0 million, supporting future growth and reinvestment.
**Board Changes**
* John Carey appointed as Group CEO, Claudine Collins as Non-Executive Director, and Jon Kempster and Emma Wright as Non-Executive Directors post year-end.
**Outlook**
* Trading in the first months of 2026 aligned with expectations.
* The company remains cautious about the challenging trading environment and macroeconomic backdrop.
* Focus on executing strategic priorities, driving growth, and returning to a positive net cash position.
Financial Metric2024 (£m)2025 (£m)Change (£m)Change (%)
Revenue (Operating Income)87.768.8-18.9-21%
Headline Operating Profit9.15.1-4.0-44%
Reported (Loss)/Profit Before Tax2.9-18.8-21.7-748%
Net Bank Debt9.59.0-0.5-5%
Total Debt14.210.4-3.8-27%
KGF logo KGF

Final Results

Kingfisher PLC

Kingfisher PLCs final results for the year ended 31 January 2026 highlight a strong performance driven by strategic progress and financial discipline. Key highlights include
**Sales Growth**Underlying like-for-like (LFL) sales increased by 1.4%, with total sales up 1.3%. UK banners led growth with LFL sales up 3.3%.
**Market Share Gains**Gains were achieved in key markets including the UK, France, and Spain, with Poland trading in line with the market.
**Strategic Delivery**Trade sales grew by 23% (excluding Screwfix), and e-commerce sales increased by 20% (excluding Screwfix). Marketplace gross merchandise value (GMV) rose by 58% to £518 million.
**Profitability**Adjusted pre-tax profit (PBT) increased by 6% to £560 million, driven by gross margin expansion and cost discipline. Statutory PBT rose by 23% to £378 million.
**Cash Flow**Free cash flow was £512 million, supported by inventory improvements.
**Shareholder Returns**A £300 million share buyback was completed, and a full-year dividend of 12.40p per share was announced. A new £300 million share buyback program was also initiated.
**Summary**
Kingfisher PLC demonstrated robust financial performance in FY 25/26, achieving sales growth, market share gains, and improved profitability through strategic initiatives and cost management. The company strengthened its trade and e-commerce businesses, expanded its digital ecosystem, and enhanced shareholder returns through dividends and share buybacks. Guidance for FY 26/27 indicates continued growth in adjusted PBT and free cash flow, supported by ongoing strategic investments and operational efficiencies.
Here is the HTML table code comparing the financials and debt year on year for Kingfisher PLC:
Metric2025/262024/25Change
Total Sales (£m)12,94512,784+1.3%
Gross Profit (£m)4,9304,763+3.5%
Operating Profit (£m)469407+15.2%
Adjusted PBT (£m)560528+6.0%
Statutory PBT (£m)378307+23.0%
Free Cash Flow (£m)512511+0.1%
Net Debt (£m)1,8782,015-6.8%
Net Leverage (x)1.41.6-12.5%
**Key Observations:** * **Sales Growth:** Total sales increased by 1.3% year-on-year, driven by underlying LFL sales growth of 1.1% and net space growth of 0.7%. * **Profitability Improvement:** Adjusted PBT increased by 6.0%, while statutory PBT saw a more significant increase of 23.0%, benefiting from lower impairment charges. * **Cash Flow Stability:** Free cash flow remained relatively stable at £512m, despite increased capital expenditure. * **Debt Reduction:** Net debt decreased by 6.8%, leading to a reduction in net leverage from 1.6x to 1.4x. This table provides a concise overview of Kingfisher PLC's financial performance and debt position, highlighting key areas of growth and improvement.
GAMA logo GAMA

Final Results

Gamma Communications PLC

Gamma Communications PLC reported significant growth in 2025, driven by strong performance in Germany, particularly through acquisitions like Placetel and Starface. Revenue increased by 11% to £645.8 million, and gross profit rose by 16% to £348.2 million. Adjusted EBITDA grew by 13% to £141.7 million, and adjusted EPS increased by 11% to 94.5p. The company returned £64 million to shareholders and plans further returns in 2026 and 2027. Despite UK SME market challenges, Gammas strategy, supported by its German expansion and improved enterprise sales, positions it well for future growth.
Here is the HTML table code comparing financials and debt year on year for Gamma Communications PLC:
Metric20242025Change
Revenue£579.4m£645.8m+11%
Gross Profit£300.3m£348.2m+16%
Adjusted EBITDA£125.5m£141.7m+13%
Profit before tax ("PBT")£95.6m£87.7m-8%
Adjusted PBT£111.9m£119.4m+7%
Total cash returned to shareholders£44.6m£64.0m+43%
Adjusted cash generated by operations£120.4m£131.8m+9%
Net (debt)/cash£153.7m (cash)(£9.3m) (debt)NM
**Notes:** * NM = Not Meaningful (due to change from net cash to net debt) * The table compares key financial metrics and debt position for Gamma Communications PLC between 2024 and 2025. * Revenue, Gross Profit, Adjusted EBITDA, and Total cash returned to shareholders increased year-on-year, while Profit before tax decreased. * The company moved from a net cash position in 2024 to a net debt position in 2025, primarily due to the acquisition of Starface and share buybacks.
RGL logo RGL

Annual Financial Report 2025 Full Year Results

Regional REIT Ltd

Regional REIT Limited, a UK-based real estate investment trust, reported its full-year results for 2025, highlighting resilient operational performance despite challenging market conditions. The company strengthened its balance sheet through a successful multi-bank refinancing of £72.4m of debt, completed £51.6m of disposals at 1.3% above book value, and reduced its loan-to-value (LTV) ratio to 40.4%. Regional REIT secured 64 new market lettings at 3.9% above 2024 ERV, demonstrating its ability to navigate a subdued leasing market.
The company acknowledged the prolonged downturn in the property cycle and geopolitical uncertainties, which have tempered near-term activity. In response, the Board adopted a more prudent approach, targeting an 8p dividend per share for 2026 and aiming to distribute a minimum of 90% of the profit from the property rental business. This strategy provides flexibility for essential capital expenditure to improve assets and capitalize on increasing demand for quality space.
Regional REITs portfolio valuation decreased to £555.2m, driven by sales and a 5.0% like-for-like decline, partially offset by capital expenditure benefits. EPRA NTA stood at £315.2m, and EPRA EPS was 11.8p. The company declared a fully covered 10p dividend for 2025 and plans to distribute a minimum of 90% of rental profits going forward.
The company continued to focus on strengthening its balance sheet, targeting similar disposal levels in 2026, with £41m of disposals already completed, contracted, or in negotiation. Net LTV improved to 40.4%, and gross borrowings decreased to £266.2m. Cash and cash equivalents were £37.7m.
Leasing performance remained strong, with 64 new lettings totaling £3.2m of rent at 3.9% above 2024 ERV. EPRA occupancy was 75.9%, and rent collection was robust at 99.3%. Regional REIT executed its capital expenditure program, improving EPC ratings, with 84.5% of the portfolio attaining EPC C or better.
The companys portfolio strategy focused on sales and investing in core assets, with 18 capital expenditure projects completed in 2025 and more underway. The core portfolio represented 62.9% of the total, with an EPRA occupancy of 86.5%.
Looking ahead, Regional REIT emphasized the structural supply-demand imbalance in regional offices, driven by high construction costs and limited new developments. The company is well-positioned to benefit from this imbalance, with a focus on quality, energy-efficient space. However, near-term market conditions are expected to remain challenging due to macroeconomic uncertainty and increased costs related to the Middle East conflict.
Post-period, Regional REIT completed £12.3m of disposals, further reducing borrowings by £7.8m. Notable lettings and renewals post-period end totaled £0.7m, reflecting 17.0% above ERV.
In summary, Regional REIT demonstrated resilience in 2025, strengthening its balance sheet, executing its portfolio strategy, and positioning itself for long-term growth in the regional office market, despite near-term challenges.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Portfolio Valuation (£m)622.5555.2-10.8%
EPRA NTA (£m)340.8315.2-7.5%
Net LTV (%)41.840.4-3.4%
Gross Borrowings (£m)316.7266.2-15.9%
Cash and Cash Equivalents (£m)56.737.7-33.5%
Net Rental Income (£m)46.040.3-12.4%
EPRA Occupancy (%)77.575.9-2.1%
Dividend per Share (p)7.810.0+28.2%
**Key Observations:** - **Portfolio Valuation:** Decreased by 10.8% from £622.5m in 2024 to £555.2m in 2025, driven by sales and a like-for-like decline. - **EPRA NTA:** Decreased by 7.5% from £340.8m in 2024 to £315.2m in 2025, reflecting changes in income and property values. - **Net LTV:** Improved slightly from 41.8% in 2024 to 40.4% in 2025 due to reduced borrowings and portfolio adjustments. - **Gross Borrowings:** Significantly decreased by 15.9% from £316.7m in 2024 to £266.2m in 2025, indicating debt reduction efforts. - **Cash and Cash Equivalents:** Decreased by 33.5% from £56.7m in 2024 to £37.7m in 2025, possibly due to increased capital expenditure or debt repayment. - **Net Rental Income:** Decreased by 12.4% from £46.0m in 2024 to £40.3m in 2025, likely due to tenant lease breaks and void costs. - **EPRA Occupancy:** Slightly decreased from 77.5% in 2024 to 75.9% in 2025, reflecting leasing challenges. - **Dividend per Share:** Increased by 28.2% from 7.8p in 2024 to 10.0p in 2025, despite financial pressures, indicating a commitment to shareholder returns.
NIOX logo NIOX

Final Results

NIOX Group PLC

NIOX Group PLC, a medical device company focused on point-of-care FeNO testing for asthma and COPD, reported strong financial and operational results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**17% increase to £48.7 million, driven by 7% growth in clinical revenue to £38.6 million and 77% growth in research revenue to £10.1 million.
**Adjusted EBITDA**Up 21% to £16.7 million, reflecting strong operational leverage.
**Profitability**Operating profit rose to £10.7 million, and profit before tax increased to £11.2 million.
**Cash Position**Strong balance sheet with cash of £19.9 million, up from £10.9 million in 2024, despite a £5.0 million dividend payment.
**Dividend**Final dividend of 1.55 pence per share recommended, up from 1.25 pence in 2024.
**Operational Performance**Total FeNO tests sold increased by 9% to 7.2 million, and the NIOX® Clinical device installed base grew by 7%.
**Product Launches**Successfully introduced the NIOX PRO® device and initiated development of the home-use NIOX MyNO® device.
**Strategic Expansion**Strengthened US commercial capabilities with a direct sales team and expanded market opportunities, including COPD.
**Post-Period Update**Japanese reimbursement rate for FeNO testing increased by 45%, and trading in 2026 has started well.
NIOX remains well-positioned for sustainable growth, supported by its strong financial position, innovative products, and expanding market opportunities in both asthma and COPD management.
Financial Metric20242025Year-on-Year Change
Revenue£41.8m£48.7m17% increase
Clinical Revenue£36.1m£38.6m7% increase
Research Revenue£5.7m£10.1m77% increase
Adjusted EBITDA£13.8m£16.7m21% increase
Cash at Year End£10.9m£19.9m82% increase
Debt£0m£0mNo change
GETB logo GETB

2025 Audited Results

GetBusy PLC

**Summary**
GetBusy PLC, a productivity software provider for professional and financial services, announced its audited results for 2025. The company reported strong growth in its SmartVault platform, which established leadership in the US tax preparation workflow market. SmartVaults annual recurring revenue (ARR) grew by 16% to $17.8 million, driven by expanded integrations, new business growth, and the launch of SmartRequestAITM. Workiro, another GetBusy platform, showed progress in enterprise and professional services markets, with ARR of £9.3 million.
Group-wide, GetBusy reported ARR growth of 8% at constant currency to £22.6 million, with recurring revenue up 6% to £21.5 million. The company highlighted the strategic importance of AI, positioning its platforms as trusted infrastructure for AI capabilities. GetBusys net cash position was £0.8 million, with available cash funds of £3.8 million. The company expects SmartVaults ARR growth to strengthen in 2026, driven by customer acquisition and AI adoption, while Workiro aims to return to modest growth.
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)Change (%)
Group ARR21,59122,5739825%
Group Recurring Revenue20,85321,5126593%
Group Total Revenue21,44522,0516063%
Group Adjusted EBITDA1,496323(1,173)(78%)
Available Cash Funds3,0623,84077825%
Net Bank (Debt) / Cash1,062840(222)(21%)
RLE logo RLE

Final Results

Real Estate Investors PLC

**Summary**
Real Estate Investors Plc (REI), a UK-based Midlands-focused Real Estate Investment Trust (REIT), reported its final results for the year ended 31 December 2025. Key highlights include
**Financial Performance** Revenue decreased to £9.4 million (from £10.8 million in 2024), with an underlying profit before tax of £2.9 million (down from £3.4 million). A pre-tax loss of £0.8 million was recorded, primarily due to a £3.0 million revaluation deficit on investment properties.
**Dividend** A fully covered dividend of 1.6p per share was declared for 2025, representing a yield of 5.2%.
**Disposals and Debt Reduction** REI completed or contracted sales of £8.0 million, using proceeds to reduce debt by £5 million to £34.2 million. Post-year-end, debt was further reduced to £33.2 million.
**Portfolio Performance** The portfolio demonstrated robust rent collection at 99.28%, with a contracted rental income of £8.3 million p.a. and an improved WAULT of 6.01 years to break and 7.50 years to expiry. Occupancy stood at 78.69%.
**Post-Year-End Activity** Occupancy improved to 78%, with contracted rental income at £8.2 million p.a. and WAULT at 5.99 years to break and 7.51 years to expiry. A healthy pipeline of new income and disposals is in progress.
**Strategic Sales Programme** REI remains focused on completing its orderly sales programme within the 3-year timeframe, aiming to repay debt and return capital to shareholders. The company is actively marketing assets and exploring options to maximize shareholder value, including potential portfolio or entire company sales.
**ESG Initiatives** REI achieved a 31% reduction in carbon emissions for landlord-controlled areas in 2025 and is transitioning to 100% green electricity contracts.
Despite market challenges, REI continues to execute its strategy, prioritizing debt reduction and shareholder returns while maintaining operational resilience.
Financial Metric20252024Change
Revenue (£ million)9.410.8-13%
Underlying Profit Before Tax (£ million)2.93.4-15%
Pre-tax Loss (£ million)-0.8-2.467% Improvement
Contracted Rental Income (£ million)8.39.0-8%
EPRA EPS (pence)1.71.9-11%
Basic Loss per Share (pence)-0.5-1.464% Improvement
Dividend per Share (pence)1.61.9-16%
Average Cost of Debt (%)5.756.5-11%
Gross Property Assets (£ million)115.7124.6-7%
EPRA NTA per Share (pence)49.151.3-4%
Debt (£ million)34.239.2-13%
Loan to Value (net of cash) (%)24.826.4-6%
Cash at Bank (£ million)6.16.9-12%
ULTP logo ULTP

Interim Results

Ultimate Products Plc

Ultimate Products PLC, owner of homeware brands Salter and Beldray, reported interim results for the six months ended 31 January 2026. Key highlights include
Revenue declined 6% to £74.5 million due to subdued consumer demand and a strategic reduction in third-party clearance sales.
International branded sales grew 19% to £27.7 million, driven by a 91% increase in sales to EU discounters.
Adjusted EBITDA fell 29% to £5.0 million, impacted by non-recurring costs related to commercial function reorganization.
Net bank debt decreased 45% to £9.7 million, with an improved net bank debt/adjusted EBITDA ratio of 0.9x.
The company continued to strengthen its commercial function, promote senior management, and invest in operational efficiency through technology.
Despite macroeconomic uncertainties, the company expects trading trends to continue in the second half, with sales marginally ahead of market expectations and profitability in line with consensus.
In summary, Ultimate Products navigated a challenging market by focusing on branded product sales, international expansion, and operational improvements, positioning itself for future growth despite near-term headwinds.
Financial MetricH1 FY25H1 FY26Change (£'000)Change (%)
Revenue£79,484£74,450(£5,034)-6%
Gross Profit£18,411£16,947(£1,464)-8%
Adjusted EBITDA£7,014£5,004(£2,010)-29%
Adjusted Profit Before Tax£5,161£3,090(£2,071)-40%
Statutory Profit Before Tax£5,809£2,416(£3,393)-58%
Net Bank Debt(£17,735)(£9,730)£8,005-45%
QBT logo QBT

Porting AI Oracle onto an Antminer S9

Quantum Blockchain Technologies Plc

Quantum Blockchain Technologies Plc (QBT) announces the commencement of live in-house <mark style="background-color:yellow">test</mark>ing of its AI Oracle software on a Bitmain Antminer S9 (S9) mining rig, a project initiated in August 2025. The goal is to demonstrate enhanced performance to potential customers using a commercial-grade mining rig. Historically, QBT relied on a software simulator, but feedback from US-based Bitcoin mining companies prompted the shift to an industry-recognized rig like the S9, chosen for its open-source operating system and firmware. QBT has successfully modified the S9’s OS and FPGA firmware for AI Oracle integration, which involves data collection, integration, and performance testing. This project aims to secure commercial demonstrations with large Bitcoin miners, targeting companies with proprietary control boards and aftermarket system integrators. Simultaneously, QBT is testing the AI Oracle on a third-party ASIC manufacturer’s rig in its Milan lab, though results from this project will remain confidential. CEO Francesco Gardin highlighted the milestone of transitioning from a simulator to a full multi-ASIC mining rig, emphasizing the potential to expand QBT’s market reach through demonstrated mining efficiency improvements.
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Market AI · 2026-03-24

LONDON MARKET CLOSE: Oil majors boost FTSE 100 amid war uncertainty

FTSE 100 closed higher by 0.7% at 9,965.16, driven by gains in oil majors BP (up 3.5%) and Shell (up 3.2%). FTSE 250 ended down 0.5% at 21,135.77; AIM All-Share up 0.1% at 714.09. European equities mixed: CAC 40 …

Market AI · 2026-03-24

LONDON MARKET MIDDAY: FTSE steady as oil holds above USD100

London stock prices largely unchanged at midday, with FTSE 100 slightly higher amid elevated oil prices and Middle East tensions. FTSE 100 up 5.50 points at 9,897.74; FTSE 250 down 0.4% at 21,167.83; AIM all-share …

Market AI · 2026-03-24

LONDON BROKER RATINGS: Goldman Sachs cuts National Grid and SSE

Goldman Sachs cuts National Grid to 'neutral' - price target 1,389 (1,450) pence Goldman Sachs cuts SSE to 'neutral' - price target 2,812 (2,535) pence Goldman Sachs starts Mondi with 'neutral' - price target 910…

Market AI · 2026-03-24

LONDON MARKET OPEN: FTSE 100 flat as Iran uncertainty lingers

London stock prices opened slightly higher but quickly flattened, with mixed gilt yields. FTSE 100 up 0.2%, FTSE 250 down 0.3%, AIM all-share down 0.3%. US President Trump reported "very good" talks with an Irani…

Market AI · 2026-03-24

LONDON MARKET EARLY CALL: FTSE 100 seen flat as oil steadies

London stocks expected to open slightly lower on Tuesday, with FTSE 100 futures down 3.6 points to 9,890.55. Investors monitoring Middle East tensions, with potential de-escalation signals from US-Iran talks, thoug…

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