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All Market News Today All digested RNS titles 532
NRR logo
All News 16:14
NRR

Director/PDMR Shareholding

NewRiver REIT plc

The Company announces that on 25 March 2026, Allan Lockhart, Chief Executive Officer and Director of the Company, transferred 22,270 Ordinary Shares of one penny each into his SIPP. The transfer was effected through the sale of 22,270 Ordinary Shares at a price of 72.3629 pence and immediate re<mark style="background-color:yellow">purchase</mark> of 22,270 Ordinary Shares into his SIPP, at a price of 72.157 pence per share for 19,627 Ordinary Shares and 72.306 pence per share for 2,643 Ordinary Shares.
FDR logo
All News 16:10
FDR

Holding(s) in Company

First Development Resources Plc

TR1 Buy
['First Equity Limited', '6.250325', '5.388211']
IPF logo
All News 16:06
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['Barclays PLC', '6.310000', '5.970000']
GMET logo
All News 15:58
GMET

Holding(s) in Company

Guardian Metal Resources PLC

TR1 Buy
['Duquesne Family Office LLC', '12.730000', '14.750000']
RIII logo
All News 15:33
RIII

Result of AGM

Rights and Issues Investment Trust Public Limited Company

GNC logo
All News 15:28
GNC

Director/PDMR Shareholding

Greencore Group

A <mark style="background-coloryellow">PURCHASE</mark> OF 43,000 ORDINARY SHARES OF £0.01 EACH IN GREENCORE GROUP PLC.
IEM logo
All News 15:05
IEM

Holding(s) in Company

Impax Environmental Markets PLC

TR1 Buy
['Bank of America Corporation', '0.000000', '0.000000']
RMMC logo
All News 15:04
RMMC

Continuation of Share Buyback Programme

River and Mercantile UK Micro Cap Investment Company Ltd

River UK Micro Cap Limited announces the continuation of its share buyback programme, appointing Singer Capital Markets Securities Limited to manage the purchase of ordinary shares up to £2.0 million. The programme will buy shares at a discount of 8.0% to the most recent NAV per share, with repurchased shares held in treasury for potential cancellation. The initiative operates within the 14.99% general buyback authority approved at the 2026 AGM. The company confirms no inside information is held.
BuyBack
BRLA logo
All News 15:03
BRLA

Tender Offer

BlackRock Latin American Investment Trust plc

BlackRock Latin American Investment Trust plc (BRLA) announces a tender offer to shareholders, following underperformance against the MSCI EM Latin America Index and trading at an average discount to NAV. The offer allows shareholders to tender up to 24.99% of issued share capital at a price reflecting cum-income NAV minus 2% and related costs. A revised discount control mechanism is introduced, offering a 100% tender opportunity if future performance conditions are not met. Shareholder approval is required at the 2026 AGM and a General Meeting on May 29, 2026. The tender offer is conditional on various factors, including continuation votes and compliance with regulations. The Board recommends shareholders vote in favor of the tender offer resolution.
Offers
WKP logo
All News 14:59
WKP

Holding(s) in Company

Workspace Group PLC

TR1 Buy
['Saba Capital Management, L.P.', '0.183844', '0.162494']
WKP logo
All News 14:53
WKP

Holding(s) in Company

Workspace Group PLC

TR1 Buy
['Bank of America Corporation', '0.000000', '0.000000']
IPF logo
All News 14:26
IPF

Form 8.3

International Personal Finance PLC

BRLA logo
All News 14:23
BRLA

Final Results

BlackRock Latin American Investment Trust plc

**Summary**
BlackRock Latin American Investment Trust plc released its final results for the year ended 31 December 2025, highlighting a strong performance in Latin American equities, which outperformed other major regions with a return of 54.8%. The companys net asset value (NAV) increased by 54.8% in US Dollar terms, matching the benchmark MSCI EM Latin America Index. The share price rose by 65.1% in US Dollar terms. Key financial metrics include net assets of US$170.5 million, net asset value per share of 578.96 US cents, and total revenue return of 28.85 cents per share. The company declared interim dividends totaling 26.59 cents per share, funded from current year revenue and reserves.
The Chairs statement emphasized Latin Americas diversification benefits and the regions strong performance driven by factors like falling inflation, easier monetary policy, and strong foreign inflows. The companys portfolio benefited from exposure to real estate, metals, and healthcare sectors, with notable contributions from companies like Cyrela Brazil Realty, Rede D’or Sao Luiz, and Ero Copper Corp.
The company introduced a revised discount control mechanism, offering shareholders a tender for up to 100% of their shares if the NAV does not outperform the benchmark over a four-year period. This mechanism aims to reduce the discount at which shares trade relative to NAV. The Board also agreed to cap operating charges at 1.3% of average net assets post-tender implementation.
Looking ahead, the company remains optimistic about Latin Americas prospects, citing easing inflation, attractive valuations, and the regions geopolitical neutrality. The Board expects the company to continue operating successfully, supported by its closed-end structure and long-term investment horizon.
Financial Metric20252024Change %
Net assets (US$’000)170,496115,962+47.0%
Net asset value per ordinary share (US$ cents)578.96393.78+47.0%
Ordinary share price (US$ cents)543.40348.17+56.1%
Discount6.1%11.6%-47.4%
Net profit after taxation (US$’000)8,4956,890+23.3%
Revenue earnings per ordinary share (US$ cents)28.8523.40+23.3%
Total dividends payable/paid (US$ cents)26.5924.70+7.7%
### Year-on-Year Comparison and Debt Analysis: - **Net Assets and NAV**: Both net assets and net asset value per share increased significantly by 47.0% in 2025 compared to 2024, reflecting strong portfolio performance. - **Share Price**: The ordinary share price increased by 56.1%, outpacing the increase in NAV, which led to a reduction in the discount from 11.6% to 6.1%. - **Profitability**: Net profit after taxation increased by 23.3%, driven by higher revenue earnings per share. - **Dividends**: Total dividends payable increased by 7.7%, indicating a steady return to shareholders. - **Debt**: The text does not explicitly mention debt levels, but the bank overdraft (a form of short-term debt) increased from US$6,769,000 in 2024 to US$17,889,000 in 2025, suggesting higher leverage or working capital needs. However, this is within the limits set by the overdraft facility agreement.
BOW logo
All News 13:41
BOW

Holding(s) in Company

Bow Street Group plc

<mark style="background-coloryellow">TR1</mark> Buy
['Pentwater Capital Management LP', '', 0]
SFOR logo
All News 11:59
SFOR

Director/PDMR Shareholding

S4 Capital PLC

On 24 March 2026, the Company received notification of the <mark style="background-color:yellow">purchase</mark> of 991,550 ordinary shares of £0.25 each by Rupert Roderick Faure Walker, a Non-Executive Director of the Company.
IPF logo
All News 11:34
IPF

Form 8.3

International Personal Finance PLC

PTSB logo
All News 10:31
PTSB

Holding(s) in Company

Permanent TSB Group Holdings PLC

TR1 Buy
['The Goldman Sachs Group, Inc.', '3.61', '3.61']
HGEN logo
All News 09:50
HGEN

Holding(s) in Company

Hydrogenone Capital Growth PLC

TR1 Buy
['Philip J Milton & Company Plc', '12.740000', '10.940000']
BWY logo
All News 09:19
BWY

Holding(s) in Company

Bellway PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Asset Management Holdings Inc.', 'Below minimum threshold', '4.759662']
MPE logo
All News 09:17
MPE

Director/PDMR Shareholding

M.P.Evans Group

<mark style="background-coloryellow">Purchase</mark> of 10p shares in the capital of M.P. Evans Group PLC
BGUK logo
All News 08:32
BGUK

Holding(s) in Company

Baillie Gifford UK Growth Fund PLC

TR1 Buy
['Allspring Global Investments Holdings.', '4.920000', '5.003000']
BRFI logo
All News 08:20
BRFI

Portfolio Update

BlackRock Frontiers Investment Trust plc

BlackRock Frontiers Investment Trust PLC released its portfolio update as of February 28, 2026, highlighting strong performance across various metrics. The trusts net asset value (NAV) returned +0.7% in February, aligning with its benchmark, the MSCI Frontier + Emerging ex Selected Countries Index (+0.5%). Key markets like Thailand (+20.5%), Oman (+19.7%), and Kenya (+13.1%) drove gains, while Colombia (-12.2%) and Pakistan (-8.7%) underperformed. Top contributors included Kenyan banks KCB Group and Equity Group, Thai retailer CP All, and Philippine gaming company Digiplus. Detractors were led by IT services firm EPAM, Argentinian oil company YPF, and Saudi digital platform Derayah. Portfolio adjustments included increasing stakes in Kazakh fintech Kaspi and initiating Bank of the Philippine Islands, while exiting Ayala and LPP. The trust remains optimistic about smaller emerging and frontier markets, citing easing inflation, stable U.S. bond yields, and attractive valuations as supportive factors for future growth.
Metric20252026Change
Total Assets (£m)326.6N/AN/A
Net Asset Value (US Dollar, cum income)268.30c268.30c0.00%
Net Asset Value (Sterling, cum income)199.56p199.56p0.00%
Share Price (Sterling)206.00pN/AN/A
Premium to cum-income NAV (%)3.2%N/AN/A
GearingNilNilN/A
Net Yield (%)3.6%N/AN/A
Ongoing Charges (%)1.42%N/AN/A
Ongoing Charges + Taxation and Performance Fee (%)2.87%N/AN/A
Market Exposure - Long (%)110.9 (Dec 2025)121.3 (Feb 2026)+9.36%
Market Exposure - Short (%)1.9 (Dec 2025)2.0 (Feb 2026)+5.26%
Market Exposure - Gross (%)112.8 (Dec 2025)123.3 (Feb 2026)+9.31%
Market Exposure - Net (%)109.0 (Dec 2025)119.3 (Feb 2026)+9.45%
**Note:** The table compares available financial data from 2025 to 2026. Some metrics (e.g., Total Assets, Share Price, Premium to cum-income NAV, Net Yield, Ongoing Charges) do not have 2026 data available, hence marked as "N/A". Market Exposure data is compared between December 2025 and February 2026.
CCH logo
All News 08:06
CCH

Launch of Issue of Notes

Coca Cola HBC AG

Coca-Cola HBC AG, through its subsidiary Coca-Cola HBC Finance B.V., announced the launch of a triple tranche Euro-denominated fixed-rate issue of Notes with maturities of 2.5, 4.5, and 7.5 years. The Notes, guaranteed by Coca-Cola HBC AG, are part of a €10 billion Euro Medium Term Note Programme. Proceeds will fund general financing needs and the cash component of the acquisition of Coca-Cola Beverages Africa, expected to complete by year-end 2026. The Notes will be listed on the London Stock Exchange, with details available in the Prospectus. The offering is not available to U.S. investors.
Launch
WIZZ logo
All News 06:16
WIZZ

Holding(s) in Company

Wizz Air Holdings PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Chase & Co.', 'Below minimum threshold', '0.894083']
CWR logo
All News 06:03
CWR

Ceres and Centrica sign a strategic partnership

Ceres Power Holdings PLC

Ceres Power Holdings plc and Centrica plc have signed a strategic partnership to accelerate the deployment of solid oxide on-site power solutions across the UK and Europe. The collaboration aims to address the growing gap between electricity demand and grid capacity by providing high-efficiency, low-carbon, grid-independent power solutions for commercial and industrial customers, including data centers, AI hubs, and manufacturing facilities. Centrica will leverage Ceres advanced Solid Oxide Fuel Cell (SOFC) and Solid Oxide Electrolysis Cell (SOEC) technologies, combined with its energy supply and trading expertise, to offer scalable, fuel-flexible power generation. The partnership also explores integrating Ceres SOEC technology with Centricas AMR program to produce green hydrogen, supporting the UKs clean energy strategy. This initiative promises faster deployment, long-term cost certainty, and reduced carbon emissions, while easing pressure on the grid and fostering economic growth.
Partner
CWR logo
All News 06:01
CWR

Final results for the year ended 31 December 2025

Ceres Power Holdings PLC

**Summary**
Ceres Power Holdings plc, a UK-based clean energy technology developer, reported its final results for the year ended 31 December 2025. Key financial highlights include a strong cash position of £83.3 million, revenue of £32.6 million (down 37% from 2024), and a gross profit of £22.7 million with a sector-leading gross margin of 70%. The company generated its first royalties, marking a significant milestone. Strategic achievements include manufacturing license agreements with Weichai in China and Delta in Taiwan, factory production by Doosan in South Korea, and testing of solid oxide electrolysis demonstrators in Japan and India. Ceres implemented a business transformation plan to accelerate commercial opportunities, aiming for 20% operating cost savings in 2026. The companys contracted revenue for 2026 is approximately £45 million before new business. Despite challenges like Boschs withdrawal and a hydrogen market slowdown, Ceres remains focused on commercial growth, particularly in power markets for data centers, commercial buildings, and industrial applications. The company is well-positioned for future growth in both power and hydrogen markets.
Here is the HTML table code comparing the financials and debt year on year for Ceres Power Holdings plc: tr>
Financial Metric2025 (£'000)2024 (£'000)Change (£'000)Change (%)
Total Revenue32,64351,891(19,248)(37%)
Gross Profit22,70440,164(17,460)(43%)
Adjusted EBITDA Loss(32,522)(22,287)(10,235)46%
Operating Loss(47,621)(31,317)(16,304)52%
Net Cash and Investments83,272102,465(19,193)(19%)
Net Cash Used in Operating Activities(20,070)(35,941)15,871(44%)
**Key Observations:** * **Revenue Decline:** Total revenue decreased by 37% from £51.89 million in 2024 to £32.64 million in 2025, primarily due to the timing of revenues recognized in 2024 related to technology transfers. * **Gross Profit Margin Compression:** Gross profit margin decreased from 77% in 2024 to 70% in 2025, despite maintaining a strong margin, due to the lower revenue base. * **Increased Losses:** Adjusted EBITDA loss and operating loss both increased significantly in 2025, driven by the decline in revenue and increased operating costs. * **Reduced Cash Outflow:** Net cash used in operating activities decreased by 44% from £35.94 million in 2024 to £20.07 million in 2025, reflecting disciplined cash management. * **Strong Cash Position:** Despite the reduced cash outflow, the company maintained a strong cash and investments position of £83.27 million in 2025, down from £102.47 million in 2024. **Note:** The table does not include debt information as it is not explicitly mentioned in the provided text. However, the company's strong cash position and reduced cash outflow suggest a relatively healthy financial position.
VINO logo
All News 06:01
VINO

Launch of Mobile App

Virgin Wines UK PLC

Virgin Wines UK PLC launches its first mobile app on iOS and Android, enhancing customer experience with personalized features like a "wine cellar" for tracking purchases and preferences, exclusive offers, and Virgin Points rewards. The app aligns with the companys medium-term growth strategy, aiming to boost engagement, sales, and customer acquisition. CEO Jay Wright highlights the apps role in simplifying wine exploration and strengthening customer relationships.
Launch
AVG logo
All News 06:01
AVG

Scientific Magnetics Ships 20th Quantum Magnet

Avingtrans Plc

Avingtrans PLC announces that its subsidiary, Scientific Magnetics Ltd, has shipped its 20th superconducting magnet for quantum computing applications, marking a significant milestone. This achievement aligns with the UK governments £2.5 billion investment in AI and quantum technologies, aimed at scaling quantum computing and creating 100,000 jobs. Scientific Magnetics, with over 30 years of expertise, is well-positioned as a key supplier of precision magnet systems for quantum computers, with 18 more systems in production and a strong order book. The company also develops advanced magnet systems for MRI, scientific research, and medical physics, contributing to the growing quantum computing industry.
full
MRK logo
All News 06:01
MRK

Pre Close Trading Update & Board Change

Marks Electrical Group PLC

Marks Electrical Group plc released a pre-close trading update for FY26, reporting robust H2 revenue (+4.7% vs H1), with expected FY26 sales of £108.5m (FY25: £117.2m) due to focus on margin-enhancing strategies. Adjusted EBITDA is projected to exceed £2m, surpassing consensus, supported by cost rationalization and operational efficiencies. Cash is expected to close between £3.5m-£4.0m, reflecting strong working capital management. Tom Pallatt appointed as permanent CFO from April 1, 2026, bringing extensive finance experience. CEO Mark Smithson highlighted strong momentum and compliance with CMA investigations. The company remains committed to consumer and competition laws.
MetricFY25FY26Change
Revenue (£m)117.2108.5-7.4%
Adjusted EBITDA (£m)N/A>2.0N/A
Cash (£m)N/A3.5-4.0N/A
**Notes:** - Revenue decreased by 7.4% year-on-year, from £117.2m in FY25 to £108.5m in FY26. - Adjusted EBITDA for FY26 is expected to be in excess of £2.0m, but no comparative figure is provided for FY25. - Cash is expected to close in the range of £3.5m-£4.0m in FY26, but no comparative figure is provided for FY25.
NANO logo
All News 06:01
NANO

Shoei Litigation Conclusion

Nanoco Group plc

Nanoco Group PLC and Shoei Chemical Inc. have settled their ongoing litigation with a definitive agreement. Neither party will pay compensation, and both will cover their own costs. Nanoco agrees not to sue Shoei, its customers, or suppliers for using Nanocos Quantum Dot (QD) patents in the display field for existing and new patents over the next three years. Shoei agrees not to sue Nanoco, its customers, or suppliers for using Shoeis QD patents in the sensing field for existing and new patents over the same period. All other terms of the agreement remain confidential.
Litigation
BPM logo
All News 06:01
BPM

New Share Buyback Programme

B P Marsh and Partners PLC

B.P. Marsh & Partners Plc announces a new £2 million share buyback programme, managed by Singer Capital Markets, to reduce share capital. The programme operates under shareholder authority granted in June 2025, allowing repurchase of up to 3,710,000 ordinary shares. Repurchased shares will be held in treasury, with the programme expiring by July 2026 or at the 2026 AGM. The company plans to seek further shareholder approval for a similar authority at the 2026 AGM.
BuyBack
THG logo
All News 06:01
THG

Preliminary FY 2025 results

THG Holdings PLC

THG PLCs preliminary FY 2025 results show significant growth, with adjusted EBITDA ahead of guidance and a profit after tax of £54.1m. The company achieved broad-based continuing CCY revenue growth, with a record H2 performance. Key highlights include
Full-year revenue growth of +2.3%, with H2 performance c.15% ahead of consensus.
Adjusted EBITDA of £76.6mahead of guidance and consensus.
Profit after tax of £54.1msupported by disposals.
£162m gross debt reduction and £103m cash proceeds from the sale of Claremont Ingredients.
Strong start to FY 2026, with revenue and Adjusted EBITDA expectations unchanged.
Significant positive developments in the HMRC case regarding protein powder VAT treatment.
The companys strategic initiatives, including the demerger of THG Ingenuity and the disposal of Claremont Ingredients, have simplified the group and strengthened its financial foundations. THG Beauty and THG Nutrition both delivered strong performances, with THG Beauty achieving a record Q4 and THG Nutrition expanding its offline and licensing channels. The company enters 2026 with strong trading momentum and a focus on material free cash flow delivery.
Here is the comparison of financials and debt year on year presented as an HTML table:
MetricFY 2025FY 2024Change
Total Revenue£1,717.0m£1,751.4m-2.0%
Adjusted EBITDA£76.6m£83.3m-8.1%
Profit After Tax£54.1mLoss (£326.1m)N/A
Gross Debt Reduction£162mN/AN/A
Net Debt (before lease liabilities)£233.0m£304.3m-23.4%
Cash and Available Facilities£333mN/AN/A
**Key Observations:** - **Revenue:** Total revenue decreased by 2.0% from FY 2024 to FY 2025, but on a constant currency basis, it grew by 2.3%. - **Adjusted EBITDA:** Adjusted EBITDA decreased by 8.1%, primarily due to strategic investments and external headwinds. - **Profit After Tax:** The company moved from a significant loss in FY 2024 to a profit in FY 2025, supported by disposals. - **Debt Reduction:** Gross debt was reduced by £162m, and net debt decreased by 23.4%. - **Liquidity:** The company maintains strong liquidity with £333m in cash and available facilities.
HSW logo
All News 06:01
HSW

Preliminary results for the year ended 31 Dec 2025

Hostelworld Group PLC

Hostelworld Group PLC reported preliminary results for the year ended 31 December 2025, highlighting revenue acceleration, improved marketing efficiency, and a focus on expanding its social travel platform. Key financial metrics include a 2% year-on-year increase in full-year net revenue to €93.8 million, with a significant step-up in H2 2025, and adjusted EBITDA of €19.9 million, in line with consensus. The companys social network engagement grew, with 3.4 million members and an 81% increase in member messaging. Strategic initiatives included the successful launch of Elevate, driving higher commission rates, and the expansion of budget accommodation offerings. Financial highlights also include a 2% increase in net bookings to 7.0 million and a 2% rise in Net Average Booking Value to €13.43. The company maintained a disciplined capital allocation approach, with a closing cash position of €12.2 million and a total dividend of 2.40 € cent per share. Looking ahead, Hostelworld anticipates low double-digit revenue growth in 2026 and 2027, supported by its expanded platform and AI-driven capabilities.
Financial Metric20242025Change YoY
Generated Revenue (€m)91.593.8+2%
Net Revenue (€m)92.093.8+2%
Net Bookings (m)6.97.0+1%
Net Average Booking Value (€)13.2113.43+2%
Adjusted EBITDA (€m)21.819.9-9%
Adjusted Profit After Tax (€m)17.415.0-14%
Net Debt (€m)(2.0)1.6N/A
Cash Position (€m)8.212.2+50%
Direct Marketing as % of Revenue46%48%+2%
TRB logo
All News 06:01
TRB

Preliminary Results year ended 31 December 2025

Tribal Group plc

Tribal Group PLC, a leading provider of software and services to the international education market, reported strong preliminary results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**Group revenue increased by 4% to £92.5 million, driven by a 3% growth in Student Information Systems (SIS) revenue and a 9% growth in Etio revenue.
**Adjusted EBITDA**Adjusted EBITDA rose by 8% to £17.5 million, with an Adjusted EBITDA margin of 19%.
**Profitability**Statutory profit before tax surged by 136% to £12.5 million, aided by reduced exceptional costs.
**Cash Position**Net cash significantly improved to £11.4 million, up from a net debt of £3.2 million in 2024, reflecting strong cash flow performance.
**Recurring Revenue**Annual Recurring Revenue (ARR) grew by 11% to £63.3 million, with recurring revenue comprising 86% of SIS revenue.
**Strategic Progress**Successful launch of the Higher Education Full Service (HEFS) proposition, generating £2.7 million in incremental ARR, and significant new SIS wins, including London South Bank University and Durham University.
**Dividends**Increased total dividend for the year to 2.8p per share, up 331%, including a special dividend of 1.5p per share.
**Outlook**The company is well-positioned for continued growth, focusing on recurring revenue, cloud adoption, and leveraging AI opportunities in the education sector.
Tribal Groups strong financial and operational performance in FY25 underscores its strategic progress and positions it for sustainable growth in the evolving education technology market.
Financial Metric2024 (Reported)2024 (Constant Currency)2025Year-on-Year Change (Constant Currency)
Revenue£90.0m£88.8m£92.5m4.2%
Adjusted EBITDA£16.7m£16.2m£17.5m8.1%
Net Cash/(Debt)Net Debt £3.2mNet Debt £3.2mNet Cash £11.4mSubstantial Improvement
Annual Recurring Revenue (ARR)£57.0m£57.0m£63.3m11.0%
Gross Revenue Retention (GRR)93%93%95%2.0pp Increase
Net Revenue Retention (NRR)106%106%108%2.0pp Increase
Free Cash Flow£7.3m£7.3m£16.1m120.5% Increase
Statutory Profit before Tax£5.9m£5.3m£12.5m135.8%
MER logo
All News 06:01
MER

Preliminary Results

Mears Group plc

Mears Group PLC, a leading UK housing services provider, reported strong financial, operational, and strategic progress in its preliminary results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**Total revenue increased slightly to £1,135.5 million, with a 12% rise in Maintenance-led revenue to £620.4 million, offset by an 11% decline in Management-led revenue to £515.0 million.
**Profitability**Statutory operating profit rose by 3% to £75.0 million, with adjusted operating margin improving to 5.7%. Profit before tax was marginally lower at £63.5 million.
**Cash Performance**Average daily adjusted net cash was £52.8 million, with strong cash conversion at 82% of EBITDA.
**Strategic Progress**New contract awards valued at over £300 million, including significant retentions and new wins. The order book reached an all-time high of £4.0 billion.
**Acquisitions and Divestments**The acquisition of Pennington Choices enhanced compliance capabilities, while the disposal of non-core Facilities Management activities simplified the Groups focus on housing services.
**Dividends and Share Buybacks**A 9% increase in the full-year dividend to 17.50p per share, and a new £20 million share buyback programme approved.
**Outlook**Confidence in delivering Maintenance-led growth of 5-9% annually, with adjusted operating margins expected to remain within 5-6%.
Overall, Mears demonstrated resilience and strategic advancement, positioning itself for continued growth in the housing sector.
Here is the comparison of financials and debt year on year for Mears Group PLC, presented as an HTML table:
Metric2025 (£m)2024 (£m)Change
Total Revenue1,135.51,132.5+0%
Revenue - Maintenance-led620.4555.8+12%
Revenue - Management-led515.0576.7-11%
Statutory operating profit75.072.6+3%
Adjusted operating profit (pre-IFRS 16)64.863.6+2%
Profit before tax63.564.1-1%
Average daily adjusted net cash52.859.6-11%
Adjusted net cash at 31 December51.891.4-43%
Net debt (including IFRS 16 lease obligations)(266.9)(206.1)+29%
**Key Observations:** - **Revenue:** Total revenue remained relatively stable, with a slight increase of 0.03% from £1,132.5m in 2024 to £1,135.5m in 2025. - **Maintenance-led Revenue:** Increased by 12%, driven by organic growth and new contract wins. - **Management-led Revenue:** Decreased by 11%, primarily due to the normalization of revenues from the Asylum Accommodation and Support Contract (AASC). - **Profitability:** Statutory operating profit increased by 3%, while adjusted operating profit (pre-IFRS 16) increased by 2%. Profit before tax marginally decreased by 1%. - **Cash Position:** Average daily adjusted net cash decreased by 11%, and adjusted net cash at year-end decreased significantly by 43%, reflecting increased capital allocation for share buybacks, M&A, and property acquisitions. - **Debt:** Net debt increased by 29%, primarily due to the inclusion of IFRS 16 lease obligations and increased borrowings to fund acquisitions and property purchases. This table provides a concise comparison of key financial metrics and debt levels for Mears Group PLC between 2024 and 2025.
FRAN logo
All News 06:01
FRAN

Directors' dealings

Franchise Brands PLC

<mark style="background-coloryellow">Purchase</mark> of shares
ZEG logo
All News 06:01
ZEG

Holding(s) in Company

Zegona Communications Plc

TR1 Buy
['Thornburg Investment Management, Inc.', '14.930000', '15.010000']
SQZ logo
All News 06:01
SQZ

2025 full-year results

Serica Energy PLC

**Summary**
Serica Energy plc, a UK-based oil and gas company, reported its 2025 full-year results, highlighting strategic progress, portfolio strengthening, and increased production. The companys production reached over 65,000 boepd by the end of 2026, driven by successful acquisitions and organic growth. Despite challenges like unscheduled downtime at the Triton FPSO, Sericas production averaged 27,600 boepd in 2025, with a year-to-date average of 38,600 boepd. The companys acquisitions, including a 40% stake in the Greater Laggan Area from TotalEnergies, significantly enhanced its reserves and resources, with 2P reserves increasing by 19% to 138.5 mmboe. Sericas focus on short-cycle, low-risk opportunities and its strong balance sheet position it well for future growth and shareholder returns. The company also emphasized its commitment to energy security and domestic gas supply, particularly through its West of Shetland operations. Despite a loss after taxation of $52 million due to a non-cash deferred tax charge, Serica maintained its dividend and expects material free cash flow generation in 2026. The companys strategy includes further M&A activities and a potential move to the Main Market of the LSE.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Revenue ($ million)727601-17.3%
EBITDAX ($ million)379210-44.6%
Cash Tax paid ($ million)1539-94.1%
Adjusted CFFO less tax ($ million)403187-53.6%
Capital expenditure ($ million)278250-10.1%
Free cash flow ($ million)-1-24-2,300%
Cash and restricted cash ($ million)14831-79.1%
Total debt ($ million)2312310%
Net (debt) / cash ($ million)-83-200-141%
Final dividend declared (pence per share)10100%
Dividends paid ($ million)11385-24.8%
**Key Observations:** - **Revenue and EBITDAX Decline:** Revenue decreased by 17.3% and EBITDAX by 44.6%, primarily due to lower production volumes caused by unscheduled downtime at the Triton FPSO. - **Significant Reduction in Cash Tax:** Cash tax paid decreased by 94.1% due to lower taxable income and the utilization of tax losses. - **Decrease in Adjusted CFFO:** Adjusted CFFO less tax decreased by 53.6%, reflecting the impact of lower revenue and higher operating costs. - **Stable Capital Expenditure:** Capital expenditure remained relatively stable, with a slight decrease of 10.1%. - **Worsening Free Cash Flow:** Free cash flow deteriorated significantly, with a 2,300% increase in negative free cash flow due to lower operating cash flow and higher capital expenditure. - **Decline in Cash Position:** Cash and restricted cash decreased by 79.1%, primarily due to capital expenditures and dividend payments. - **Stable Debt Level:** Total debt remained unchanged at $231 million. - **Increased Net Debt:** Net debt increased by 141% due to the decline in cash and restricted cash. - **Stable Dividend:** The final dividend declared remained unchanged at 10 pence per share, despite the challenging financial performance. - **Lower Dividends Paid:** Dividends paid decreased by 24.8%, likely due to the lower profitability and cash flow.
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PTEC

Final Results

Playtech Plc

Playtech PLC, a leading platform, content, and services provider in the online gambling industry, announced its final results for the year ended 31 December 2025. The company reported strong execution on its Americas strategy, upgrading its FY26 outlook after an excellent start. Key highlights include
**Financial Performance**Revenue declined by 10% to €763.6 million, and EBITDA decreased by 9% to €197.0 million, primarily due to the revised Caliente agreement. However, underlying software fees from Caliente grew strongly.
**Strategic Transactions**Completed the sale of Snaitech for €2.3 billion, generating over €800 million in cash since ownership, and paid a special dividend of approximately €1.8 billion to shareholders.
**Americas Growth**Key growth markets in the Americas performed ahead of expectations, with strong contributions from the US (revenue up ~100%) and Latin America, driven by investments in Caliente Interactive and Hard Rock Digital (HRD).
**Balance Sheet Strength**Maintained a strong balance sheet, enabling investment and capital returns, including repurchasing 8.3% of issued share capital in H2 for €77 million.
**Outlook**Expects FY26 Adjusted EBITDA to be ahead of current consensus expectations, despite regulatory headwinds in many markets.
Operationally, Playtech reported under three segments: B2B, investment income, and B2C. The B2B segment saw revenue decline due to the Caliente agreement impact, but underlying performance was solid, especially in regulated markets. The Americas strategy showed strong progress, with significant revenue growth in the US and Canada, and expansion into new states. Live revenue increased, and SaaS revenues grew by 48%.
Investment income was driven by the revised Caliente agreement, with Adjusted investment income of €61.8 million. Dividends from HRD totaled €10.3 million, reflecting strong growth.
The B2C segment, now a lower strategic priority, saw revenue decline to €78.5 million, with Adjusted EBITDA losses narrowing to €6.2 million as the HAPPYBET business was wound down.
Playtechs CEO, Mor Weizer, emphasized the companys transition to a focused B2B technology business, highlighting strong performance in the US and Latin America, and expressed confidence in achieving medium-term targets of €250-300 million in Adjusted EBITDA and €70-100 million in Free Cash Flow.
Here is the comparison of financials and debt year on year in an HTML table format: 0
MetricFY2024FY2025Change
Revenue€848.0 million€763.6 million(10%)
EBITDA€217.5 million€197.0 million(9%)
Post-tax profit / (loss)€61.8 million€44.2 million(28%)
Net cash / (debt)Net debt of €142.8 millionNet cash of €28.5 millionn/a
B2B Revenue€754.3 million€688.3 million(9%)
B2B Adjusted EBITDA€222.0 million€141.4 million(36%)
Investment income€2.8 million€61.8 millionn/a
B2C Revenue€97.8 million€78.5 million(20%)
B2C Adjusted EBITDALoss of €7.3 millionLoss of €6.2 millionn/a
**Key Observations:** * **Revenue Decline:** Revenue decreased by 10% from FY2024 to FY2025, primarily due to the impact of the revised Caliente agreement and the sale of Snaitech. * **EBITDA Margin Compression:** EBITDA margin decreased from 25% in FY2024 to 26% in FY2025, driven by lower B2B EBITDA margins due to the revised Caliente agreement. * **Investment Income Growth:** Investment income significantly increased from €2.8 million in FY2024 to €61.8 million in FY2025, mainly due to the revised Caliente agreement and dividends from Hard Rock Digital. * **Debt Reduction:** The company transitioned from a net debt position of €142.8 million in FY2024 to a net cash position of €28.5 million in FY2025, primarily due to the proceeds from the Snaitech sale and the revised Caliente agreement. * **B2B Segment:** B2B revenue and EBITDA declined due to the revised Caliente agreement, but underlying performance excluding this impact showed growth in regulated markets. * **B2C Segment:** B2C revenue and EBITDA losses narrowed, reflecting the wind-down of HAPPYBET and the challenging UK market conditions.
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FTC

$8.0m contract win with US Company

Filtronic

Filtronic plc secures an $8.0m (£6.0m) contract with a US company to develop, manufacture, and qualify high-performance amplifier products for satellite communications. The contract, starting March 2026 and expected to complete in 2027, leverages Filtronics proprietary GaN-based and MMIC technologies, expanding its satellite communications offerings. This win underscores Filtronics leadership in advanced RF solutions for strategic markets like space, aerospace, defense, and telecoms infrastructure.
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POLN

Full Year 2025 Trading Update

Pollen Street PLC

**Summary**
Pollen Street Group Limiteds full-year 2025 trading update highlights significant growth and strategic achievements. The company reported a 30% increase in Total Assets Under Management (AUM) to £7.1 billion, with Fee-Paying AUM rising 32% to £5.2 billion. This growth was driven by successful fundraising in both Private Equity and Private Credit strategies, with flagship funds significantly outperforming targets.
Financial performance was robust, with a 14% increase in Profit After Tax to £56.6 million and a 19% rise in Earnings Per Share (EPS) to 93.7p. The Asset Management segments share of net revenues grew to 71%, and the company deployed £1.6 billion across its strategies.
Key highlights include the final close of Private Equity Fund V at €1.5 billion and Private Credit Fund IV reaching £1.8 billion, with further commitments expected. The company also declared a total dividend of 58.0 pence per share, 8% higher than the previous year, and reaffirmed its medium-term target of reaching £10 billion in Total AUM.
CEO Lindsey McMurray attributed the success to strong fundraising, disciplined underwriting, and active portfolio management. The company remains focused on deploying capital, preparing for new investment strategies, and delivering sustainable value to investors and shareholders.
Despite market challenges, Pollen Street Group demonstrated resilience, with its shares outperforming the FTSE 250 index in 2025. The companys strategic priorities for 2026 include continued deployment of capital, preparing for the next generation of investment strategies, and maintaining its progressive dividend policy.
The Boards decision to adjust the allocation of Carried Interest in Private Credit Fund IV reflects the companys commitment to recognizing individual contributions and supporting long-term growth. Pollen Street Group enters 2026 with momentum, a robust pipeline, and confidence in its ability to capitalize on opportunities for sustainable growth.
Financial Metric2025 (£m)2024 (£m)YoY Growth (%)
Total Assets Under Management (AUM)7.15.430%
Fee Paying AUM5.24.032%
Fund Management Income81.166.821%
Fund Management Administration Costs(49.4)(39.6)25%
Fund Management EBITDA31.727.217%
Income on Net Investment Assets32.931.84%
EBITDA64.659.010%
Profit After Tax56.649.614%
EPS (pence)93.778.819%
DPS (pence)58.053.68%
Debt Metric2025 (£m)2024 (£m)YoY Change (£m)
Interest-bearing borrowings (Current)121498(377)
Interest-bearing borrowings (Non-current)199,538187,76711,771
Total Interest-bearing borrowings199,659188,26511,394
**Year-on-Year Financial Comparison:** - **Assets Under Management (AUM):** Increased by 30% from £5.4 billion in 2024 to £7.1 billion in 2025. - **Fee Paying AUM:** Grew by 32% from £4.0 billion in 2024 to £5.2 billion in 2025. - **Fund Management Income:** Rose by 21% from £66.8 million in 2024 to £81.1 million in 2025. - **Fund Management EBITDA:** Increased by 17% from £27.2 million in 2024 to £31.7 million in 2025. - **Profit After Tax:** Climbed by 14% from £49.6 million in 2024 to £56.6 million in 2025. - **EPS:** Jumped by 19% from 78.8p in 2024 to 93.7p in 2025. - **DPS:** Increased by 8% from 53.6p in 2024 to 58.0p in 2025. **Debt Comparison:** - **Interest-bearing borrowings (Current):** Decreased by £377 million from £498 million in 2024 to £121 million in 2025. - **Interest-bearing borrowings (Non-current):** Increased by £11.771 billion from £187.767 billion in 2024 to £199.538 billion in 2025. - **Total Interest-bearing borrowings:** Increased by £11.394 billion from £188.265 billion in 2024 to £199.659 billion in 2025.
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SBAR

Final Results for the Year Ended 30 September 2025

Sundae Bar Plc

Sundae Bar PLC, an AI enterprise platform company, reported its final results for the year ended 30 September 2025. Key financial highlights include £2 million raised during AIM admission, total assets of £1.65 million, and an operating loss of £1.2 million. The company wrote down goodwill by £25 million due to the early stage of its platforms commercial development, but this adjustment did not impact cash, operations, or intellectual property. Strategic focus remains on enhancing platform functionality, expanding developer participation, securing enterprise partnerships, and increasing transaction activity. The company aims to convert its infrastructure into measurable commercial traction, with a pathway to value creation through recurring revenue generation. Despite the goodwill impairment, the board remains confident in the long-term opportunity and has established a conservative foundation for future growth.
Financial Metric20242025Change
Total Assets (£)890,7461,645,194+84.7%
Cash and Cash Equivalents (£)610,642658,878+7.9%
Operating Loss (£)(2,359,423)(1,201,143)-49.1%
Goodwill Impairment (£)0(25,079,236)N/A
Net Loss (£)(2,358,491)(26,933,312)+1042.2%
Total Equity (£)841,4421,429,355+70.0%
Debt (£)49,304215,839+337.8%
### Explanation: 1. **Total Assets**: Increased significantly from £890,746 in 2024 to £1,645,194 in 2025, primarily due to the acquisition of Ora Technology Plc and other strategic investments. 2. **Cash and Cash Equivalents**: Modest increase from £610,642 to £658,878, reflecting careful cash management despite significant operational and acquisition costs. 3. **Operating Loss**: Decreased from £2,359,423 to £1,201,143, indicating improved operational efficiency despite the early stage of commercial development. 4. **Goodwill Impairment**: A significant impairment of £25,079,236 was recognized in 2025 due to the early stage of the platform's commercial development and limited revenue visibility. 5. **Net Loss**: Increased dramatically from £2,358,491 to £26,933,312, largely due to the goodwill impairment and other non-cash adjustments. 6. **Total Equity**: Increased from £841,442 to £1,429,355, reflecting the issuance of new shares and the revaluation of assets. 7. **Debt**: Increased significantly from £49,304 to £215,839, indicating higher short-term liabilities as the company scales its operations.
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ECOR

Full Year Results

Ecora Resources PLC

Ecora Royalties PLC, a critical minerals-focused royalty and streaming company, reported its full-year results for 2025, highlighting a landmark year with record portfolio contributions from critical minerals, strong deleveraging, and strategic acquisitions. The companys portfolio contribution reached $57.0 million, with base metals contributing 50%, driven by strong performance at Voiseys Bay, Mantos Blancos, and the newly acquired Mimbula copper stream. Adjusted earnings were $22.1 million, and free cash flow increased by 21% to $27.4 million. Ecora also reversed a $14.1 million impairment charge related to Voiseys Bay due to improved mine plans and higher cobalt prices. The company maintained a strong balance sheet, with net debt of $85.5 million, and declared a final dividend of 1.4 cents per share. Ecoras outlook remains positive, with expected volume growth in base metals and a series of value catalysts from its development projects.
Financial Metric2024 (US$m)2025 (US$m)Year-on-Year Change
Portfolio Contribution63.257.0(10%)
Royalty and Metal Stream Revenue59.655.9(6%)
Profit After Tax(9.8)22.2N/A (Swing to Profit)
Adjusted Earnings28.922.1(24%)
Free Cash Flow22.127.421%
Net Debt82.385.54%
Dividend per Share (cents)2.812.00(29%)
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SOHO

Results For the 12 Months Ended 31 December 2025

Triple Point Social Housing REIT PLC

**Summary**
Social Housing REIT PLC (SOHO) reported its final results for the 12 months ended December 31, 2025, highlighting improved earnings and operational oversight under the management of Atrato Partners Limited. Key financial highlights include a 20.9% rise in adjusted earnings per share, a significant improvement in adjusted dividend cover to 1.17x, and an 11.7% increase in net rental income to £40.03 million. The company raised its dividend target by 3%, declared dividends of 5.622 pence per share, and achieved substantial cost savings with an EPRA cost ratio reduced to 18.7%. SOHOs debt profile remains highly attractive with an average fixed cost of 2.74% and a Fitch A- investment grade rating reaffirmed. The portfolio was valued at £606.3 million with a Net Initial Yield of 6.42%. Operationally, rent collection improved to 91.5%, and the company made progress in lease assignments and portfolio optimization, including the disposal of non-core assets. The company is well-positioned for growth, focusing on earnings growth, portfolio optimization, cost discipline, and accretive growth opportunities, while maintaining a strong commitment to providing high-quality supported housing and delivering long-term, inflation-linked income for shareholders.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Net Rental Income (£ million)35.8540.03+11.7%
Adjusted Earnings per Share (pence)5.406.53+20.9%
Dividends per Share (pence)5.465.62+3%
Adjusted Dividend Cover0.99x1.17x+18.2%
EPRA Cost Ratio29.9%18.7%-37.5%
Rent Collection87.6%91.5%+4.4%
Net Loan to Value37.7%39.5%+4.8%
Average Fixed Cost of DebtN/A2.74%N/A
Total Debt (£ million)261.4263.5+0.8%
**Key Observations:** * **Improved Financial Performance:** Net rental income, adjusted earnings per share, and rent collection all increased year-over-year, indicating stronger operational performance. * **Enhanced Dividend Coverage:** The adjusted dividend cover ratio increased significantly, suggesting the company is generating more earnings to support its dividend payments. * **Reduced Costs:** The EPRA cost ratio decreased substantially, reflecting successful cost-saving initiatives. * **Stable Debt Profile:** While total debt increased slightly, the average fixed cost of debt remained attractive, and the net loan to value ratio increased only marginally.
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MET1

Update re Lions Bay Resources Offer for Vantage

Metals One PLC

Lions Bay Resources (LBR) has made a significant step towards acquiring the Vantage Goldfields assets in South Africa for US$40 million, with a creditor meeting scheduled for April 9, 2026, to approve the rescue plan. Metals One Plc, which will own 30% of LBR upon conversion of its convertible loan notes, has a substantial investment exposure to LBR and its parent company, Lions Bay Capital Inc. (LBI). LBR has already deposited US$6 million and plans to secure the remaining US$30 million in escrow, with LBI exploring various funding options to complete the deal. The acquisition is part of LBRs strategy to create a vertically integrated gold business, leveraging the Vantage Assets historical gold resources and infrastructure. Metals Ones Managing Director, Daniel Maling, expressed optimism about the progress, highlighting the potential benefits of the acquisition, including access to cheap power and a gold concentrate roasting complex.
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OXB

Preliminary results for the year ended 31 Dec 2025

Oxford BioMedica PLC

**Summary**
Oxford Biomedica PLC (OXB) reported strong preliminary results for the year ended 31 December 2025, highlighting strategic execution, robust revenue growth, and positive Operating EBITDA. Key financial highlights include
**Revenue Growth** 33% increase to £170.9 million (constant currency), driven by growth in lentiviral vector GMP manufacturing, increased client progression, and expansion in procurement and storage services.
**Operating EBITDA** Achieved a profit of £8.1 million (constant currency), up from a £15.3 million loss in 2024, reflecting revenue growth and cost management.
**Revenue Backlog** Increased by 36% to £204 million, indicating strong future revenue potential.
**Strategic Expansion** Acquired an FDA-approved commercial-scale viral vector manufacturing facility in Durham, NC, enhancing global CDMO capabilities.
**New Commercial Agreement** Signed a multi-year agreement with Bristol Myers Squibb (BMS) for lentiviral vector manufacturing post-period.
**Financial Guidance** Projected 2026 revenues of £220-240 million with a 10% Operating EBITDA margin, and medium-term revenue growth of 25-30% with margins rising to at least 20% by 2027.
Operationally, OXB expanded its global CDMO network, improved efficiency, and strengthened its balance sheet through equity raises and loan facilities. The company also advanced its innovation efforts, particularly in AAV and lentiviral vector technologies, and enhanced its ESG commitments. The acquisition of the Durham facility and strategic partnerships underscore OXBs position as a global leader in cell and gene therapy CDMO services, poised for sustained growth and profitability.
Financial Metric20242025Year-on-Year Change
Revenue£128.8 million£170.9 million (CC)33% increase
Operating EBITDA£(15.3) million£8.1 million (CC)Profitability achieved
Underlying Operating EBITDA (excluding Durham gain)N/A£3.3 million (CC)New metric introduced
Revenue BacklogN/A£204 million36% increase
Contracted Value of Orders£186 million£224 million20% increase
Net Cash£20.6 million£55.4 million169% increase
Debt (Loans)£39.79 million£41.488 million4.3% increase
### Key Observations: 1. **Revenue Growth**: Revenue increased by 33% year-on-year, driven by growth in lentiviral vector GMP manufacturing, increased client progression through clinical development, and growth in procurement and storage services. 2. **EBITDA Improvement**: Operating EBITDA turned positive, achieving £8.1 million (CC) compared to a loss of £15.3 million in 2024, reflecting strong revenue growth and cost control. 3. **Debt Increase**: Debt increased slightly by 4.3%, primarily due to new loans drawn down and interest accruals. 4. **Cash Position**: Net cash position significantly improved, increasing by 169% to £55.4 million, supported by equity raises and improved operating performance. 5. **Order Book Strength**: Revenue backlog and contracted value of orders both increased substantially, indicating strong future revenue visibility and continued growth.
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RENX

Half-year Report

Renalytix AI plc

Renalytix PLC, a precision medicine diagnostics company, reported its Half Year Report for the six months ended 31 December 2025. Key highlights include
Revenue growth to $1.6 million, up from $1.3 million in the same period last year.
Addition of 58 new practice sites across four active regions in the US.
Expansion to five fully integrated EHR systems, up from two in the prior year.
Initiation of eight new integrations to expand access for approximately 10,000 eligible patients.
Extension of data integration pipelines to leading EMR platforms, including Epic Systems, Athenahealth, and eClinicalWorks.
Reduction in underlying EBITDA loss year-on-year, reflecting disciplined cost management.
Commencement of transition to a new laboratory facility to enhance capacity and improve gross margin.
Raising of $9.5 million through an oversubscribed placing and retail offer at a premium to the prior 6-month share price.
Post-period highlights include advancing contract discussions with major US diagnostic companies for national distribution, submission for publication of two-year outcomes data, progression of CE marking submission, and advancement of program milestones for inclusion in a major pharma drug trial.
The companys CEO, James McCullough, emphasized the progress made in expanding clinical adoption, advancing integration-led deployment, strengthening the clinical utility program, and enhancing operational efficiency. The company expects revenue acceleration in the second half of FY26 and improved momentum into FY27.
**Summary** Renalytix PLC reported revenue growth, expanded its clinical network, and made progress in integration and operational efficiency. The company raised additional capital and is positioning itself for scaled growth through national distribution partnerships and inclusion in a major pharma drug trial.
Financial MetricHY26 (Dec 2025)HY25 (Dec 2024)Year-on-Year Change
Revenue$1.6 million$1.3 million23.1%
Commercial Test Revenue$1.1 million$1.2 million-8.3%
Life Sciences Revenue$0.5 million$0.1 million400%
Cost of Sales$0.8 million$0.8 million0%
Administrative Costs$7.9 million$8.0 million-1.3%
Operating Loss$7.1 million$7.5 million-5.3%
Underlying EBITDA Loss$6.4 million$7.2 million-11.1%
Cash and Cash Equivalents$6.1 million$3.6 million69.4%
Debt (Convertible Note)$4.7 million$8.2 million-42.7%
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STG

Final Results For Year Ended 31 December 2025

Strip Tinning Holdings PLC

Strip Tinning Holdings PLC reported its financial results for the year ended 31 December 2025, showing a performance in line with market expectations. The company highlighted operational enhancements and a strong sales order book, positioning it for accelerated growth. Key financial highlights include total revenues of £8.6 million, a significant increase in Battery Technologies division sales to £2.1 million, and improved gross margins to 40.0%. Operationally, the company is well-positioned for growth, particularly in the Battery Technologies division, with an increasing order book and strong pipeline. The company also improved its cash position, generating £1.6 million in operating activities and reducing cash burn through cost and capex reductions. The outlook is positive, with expectations of being EBITDA positive from FY26 onwards and cash generative from FY27. The company is focused on delivering new projects and securing additional funding to support its growth initiatives.
Financial Metric20242025Change
Total Revenues (£'000)9,0278,592-435
Battery Technologies Division Sales (£'000)1,0002,1001,100
Glazing Division Sales (£'000)8,0006,500-1,500
Gross Margins (%)33.1%40.0%6.9%
Adjusted EBITDA (£'000)(1,900)(500)1,400
Cash Generated from Operating Activities (£'000)(2,300)1,6003,900
Cash at Year End (£'000)512617105
Basic EPS (pence)(25.9)(11.6)14.3
Total Debt (£'000)6,6526,521-131
### Explanation: 1. **Total Revenues**: Decreased by £435,000 from £9,027,000 in 2024 to £8,592,000 in 2025. 2. **Battery Technologies Division Sales**: More than doubled from £1,000,000 in 2024 to £2,100,000 in 2025. 3. **Glazing Division Sales**: Decreased by £1,500,000 from £8,000,000 in 2024 to £6,500,000 in 2025. 4. **Gross Margins**: Improved from 33.1% in 2024 to 40.0% in 2025. 5. **Adjusted EBITDA**: Improved by £1,400,000 from a loss of £1,900,000 in 2024 to a loss of £500,000 in 2025. 6. **Cash Generated from Operating Activities**: Swung from a use of £2,300,000 in 2024 to a generation of £1,600,000 in 2025. 7. **Cash at Year End**: Increased by £105,000 from £512,000 in 2024 to £617,000 in 2025. 8. **Basic EPS**: Improved by 14.3 pence from a loss of 25.9 pence in 2024 to a loss of 11.6 pence in 2025. 9. **Total Debt**: Decreased by £131,000 from £6,652,000 in 2024 to £6,521,000 in 2025.
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III

Action Capital Markets Seminar & portfolio update

3I Group PLC

3i Group plc announces a capital markets seminar featuring Action, its largest portfolio company, with a live webcast at 10:00 UK time on March 26, 2026. Action reported strong 2025 financial results, with net sales of €16 billion and EBITDA of €2.367 billion, and continued growth in 2026, with net sales up 14.5% year-to-date. Guidance for 2026 includes 4-5% like-for-like sales growth, at least 400 new store openings, and a maintained EBITDA margin of 14.8%. Action plans to expand its European white space potential to 4,650 stores and aims to enter the U.S. market by 2027/2028. 3i’s overall portfolio performance remains encouraging, with resilience expected despite geopolitical challenges and opportunities in AI integration. Full-year results will be published in May.
Metric20242025Change
Net Sales (€ million)13,79316,00016%
Operating EBITDA (€ million)2,0762,36714%
EBITDA Margin15.1%14.8%-0.3%
LFL Sales GrowthN/A4.9%N/A
Stores AddedN/A384N/A
Cash and Cash Equivalents (€ million)N/A900 (as of 22 March 2026)N/A

Year-to-Date (YTD) Comparison (Week 12)

Metric2025 (Week 12)2026 (Week 12)Change
Net Sales (€ billion)3.233.714.5%
LFL Sales GrowthN/A4.0%N/A
LFL Sales Growth ex-FranceN/A5.8%N/A
Stores AddedN/A24N/A

Guidance for 2026

MetricTarget
Like-for-like Sales Growth4-5%
Net Store Opening TargetAt least 400
EBITDA MarginMaintained at 14.8%
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AEO

Trading Update for the 18 Months Ended 31 Dec 2025

Aeorema Communications Plc

Aeorema Communications Plc reports strong financial performance for the 18 months ended December 2025, with revenue and profit ahead of expectations. Underlying profit before tax increased by 10% to £770,000, exceeding previous forecasts. The company secured record bookings for the Cannes Lions Advertising Festival and successfully expanded into the SXSW event in Austin, Texas. Operational efficiency improved following a restructuring program, and the new financial year started with significant momentum. Bank balances remained healthy, and the company maintained its progressive dividend policy. A share buyback program was initiated, with 260,500 shares purchased since January 2026. The outlook for 2026 is positive, supported by a strong pipeline of confirmed work and improved operational alignment. Audited results are expected in May 2026.
Metric18 Months to Dec 202518 Months to Dec 2024Change
Turnover£29,400,000£27,500,000+7.27%
Profit Before Tax (Reported)£410,000£318,000+28.93%
Underlying Profit Before Tax£770,000£318,000+142.14%
Bank Balance (as of announcement)£2.6 million£2.4 million+8.33%
Average Bank Balance (previous 12 months)£3 millionN/AN/A
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HHI

Annual Financial Report

Henderson High Income Trust

Henderson High Income Trust PLC reported strong financial results for the year ended 31 December 2025, with a total return performance of 20.4% for NAV and 22.6% for share price, outperforming the benchmark return of 20.6%. The companys net assets increased to £340.2 million, and the dividend for the year was 10.90p, marking the 13th consecutive year of dividend growth. The companys gearing decreased to 17.5%, and the ongoing charge for the year was 0.68%. The companys investment strategy, which favors equities over bonds, contributed positively to the performance, although equity stock selection in the second half of the year was a negative factor. The companys management fee was reduced to 0.45% of adjusted net assets from 1 January 2026. The company also continued its share buyback program, purchasing 2,622,692 shares in 2025, and the discount to NAV narrowed to 5.7%. The companys responsible investing approach, which integrates ESG factors into investment processes, was highlighted, and the companys voting decisions at general meetings were discussed. The companys prospects and outlook were positive, with the UK equity market expected to remain volatile but attractive in a global context. The companys focus on delivering a high level of income for shareholders while also aiming for capital growth over the longer term was reiterated.
Financial Metric20242025Change
NAV per share (pence)174.72198.77+13.76%
Mid-market price per share (pence)162.50187.50+15.38%
Revenue return per share (pence)10.7411.28+5.03%
Net assets (£ million)303.2340.2+12.20%
Dividend for the year (pence)10.6010.90+2.83%
Dividend yield (%)6.55.8-10.77%
Ongoing charge for the year (%)0.740.68-8.11%
Gearing (%)21.017.5-16.67%
AIEA logo
All News 06:01
AIEA

Final Results for the year ended 31 December 2025

Airea Plc

AIREA PLC, a UK design-led specialist flooring company, reported its final results for the year ended 31 December 2025, highlighting resilient trading despite global economic and geopolitical challenges. Key financial highlights include a 1.0% increase in full-year revenue to £21.45 million, a 32.0% rise in operating profit to £0.9 million, and a 66.7% increase in the final dividend to 1.00p per share. The company also made significant progress in its business transformation, including strategic investments in manufacturing capabilities and the launch of new sustainable products. Despite a slowdown in the second half of the year, AIREA remains confident in its long-term growth strategy, supported by its focus on innovation, sustainability, and operational efficiency. The company is nearing completion of its new manufacturing facility, which is expected to enhance its competitive position and support future growth.
Financial Metric2025 (£000)2024 (£000)Change (£000)Change (%)
Revenue21,44721,2342131.0%
Operating Profit91669322332.2%
EBITDA1,7001,10060054.5%
Cash Generated from Operations2,2422721,970724.3%
Cash and Cash Equivalents2,0122,063(51)-2.5%
Pension Deficit3,0274,007(980)-24.5%
Total Debt (Loans and Borrowings)498904(406)-44.9%
### Notes: 1. **Revenue**: Increased by 1.0% year-on-year, reflecting resilient trading despite global challenges. 2. **Operating Profit**: Increased by 32.2% due to improved product mix and cost control. 3. **EBITDA**: Increased by 54.5%, driven by operational efficiency and cost management. 4. **Cash Generated from Operations**: Significantly increased by 724.3%, primarily due to improved working capital management. 5. **Cash and Cash Equivalents**: Decreased slightly by 2.5%, despite strong cash generation, due to capital expenditures and dividend payments. 6. **Pension Deficit**: Reduced by 24.5% due to contributions and a revised investment strategy. 7. **Total Debt**: Decreased by 44.9% as all bank debt was settled following the divestment of the investment property.
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All News 06:01
CHRT

Contract Announcement

Cohort

Cohort PLC announces that its Portuguese subsidiary, EID, has secured a €42.3M contract to supply Integrated Communication Systems (ICS) and Networks to the Portuguese Navy for their new fleet, including Supply and Offshore Patrol Vessels. The contract, to be delivered by 2029, strengthens Cohorts relationship with the Portuguese Navy and enhances its order book and future revenue visibility. This win, alongside a recent contract by EM Solutions, highlights Cohorts capabilities in supporting maritime modernization programs.
NewContract
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BuyBack 2 news titles 2
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BuyBack 15:04
RMMC

Continuation of Share Buyback Programme

River and Mercantile UK Micro Cap Investment Company Ltd

River UK Micro Cap Limited announces the continuation of its share buyback programme, appointing Singer Capital Markets Securities Limited to manage the purchase of ordinary shares up to £2.0 million. The programme will buy shares at a discount of 8.0% to the most recent NAV per share, with repurchased shares held in treasury for potential cancellation. The initiative operates within the 14.99% general buyback authority approved at the 2026 AGM. The company confirms no inside information is held.
BuyBack
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BuyBack 06:01
BPM

New Share Buyback Programme

B P Marsh and Partners PLC

B.P. Marsh & Partners Plc announces a new £2 million share buyback programme, managed by Singer Capital Markets, to reduce share capital. The programme operates under shareholder authority granted in June 2025, allowing repurchase of up to 3,710,000 ordinary shares. Repurchased shares will be held in treasury, with the programme expiring by July 2026 or at the 2026 AGM. The company plans to seek further shareholder approval for a similar authority at the 2026 AGM.
BuyBack
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DirectorDealing 40 news titles 40
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DirectorDealing 16:14
NRR

Director/PDMR Shareholding

NewRiver REIT plc

The Company announces that on 25 March 2026, Allan Lockhart, Chief Executive Officer and Director of the Company, transferred 22,270 Ordinary Shares of one penny each into his SIPP. The transfer was effected through the sale of 22,270 Ordinary Shares at a price of 72.3629 pence and immediate re<mark style="background-color:yellow">purchase</mark> of 22,270 Ordinary Shares into his SIPP, at a price of 72.157 pence per share for 19,627 Ordinary Shares and 72.306 pence per share for 2,643 Ordinary Shares.
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DirectorDealing 15:37
CTHT

Director/PDMR Shareholding

CTHT

Sale of 2,843 shares and re<mark style="background-color:yellow">purchase</mark> of 2,823 shares
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DirectorDealing 15:28
GNC

Director/PDMR Shareholding

Greencore Group

A <mark style="background-coloryellow">PURCHASE</mark> OF 43,000 ORDINARY SHARES OF £0.01 EACH IN GREENCORE GROUP PLC.
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DirectorDealing 14:38
ARBB

Director/PDMR Shareholding

Arbuthnot Banking Group Plc

<mark style="background-coloryellow">Purchase</mark> of Ordinary shares
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DirectorDealing 11:59
SFOR

Director/PDMR Shareholding

S4 Capital PLC

On 24 March 2026, the Company received notification of the <mark style="background-color:yellow">purchase</mark> of 991,550 ordinary shares of £0.25 each by Rupert Roderick Faure Walker, a Non-Executive Director of the Company.
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DirectorDealing 09:17
MPE

Director/PDMR Shareholding

M.P.Evans Group

<mark style="background-coloryellow">Purchase</mark> of 10p shares in the capital of M.P. Evans Group PLC
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DirectorDealing 06:01
FRAN

Directors' dealings

Franchise Brands PLC

<mark style="background-coloryellow">Purchase</mark> of shares
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Launch 4 news titles 4
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Launch 08:06
CCH

Launch of Issue of Notes

Coca Cola HBC AG

Coca-Cola HBC AG, through its subsidiary Coca-Cola HBC Finance B.V., announced the launch of a triple tranche Euro-denominated fixed-rate issue of Notes with maturities of 2.5, 4.5, and 7.5 years. The Notes, guaranteed by Coca-Cola HBC AG, are part of a €10 billion Euro Medium Term Note Programme. Proceeds will fund general financing needs and the cash component of the acquisition of Coca-Cola Beverages Africa, expected to complete by year-end 2026. The Notes will be listed on the London Stock Exchange, with details available in the Prospectus. The offering is not available to U.S. investors.
Launch
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Launch 06:01
VINO

Launch of Mobile App

Virgin Wines UK PLC

Virgin Wines UK PLC launches its first mobile app on iOS and Android, enhancing customer experience with personalized features like a "wine cellar" for tracking purchases and preferences, exclusive offers, and Virgin Points rewards. The app aligns with the companys medium-term growth strategy, aiming to boost engagement, sales, and customer acquisition. CEO Jay Wright highlights the apps role in simplifying wine exploration and strengthening customer relationships.
Launch
Litigation 1 news title 1
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Litigation 06:01
NANO

Shoei Litigation Conclusion

Nanoco Group plc

Nanoco Group PLC and Shoei Chemical Inc. have settled their ongoing litigation with a definitive agreement. Neither party will pay compensation, and both will cover their own costs. Nanoco agrees not to sue Shoei, its customers, or suppliers for using Nanocos Quantum Dot (QD) patents in the display field for existing and new patents over the next three years. Shoei agrees not to sue Nanoco, its customers, or suppliers for using Shoeis QD patents in the sensing field for existing and new patents over the same period. All other terms of the agreement remain confidential.
Litigation
NewContract 2 news titles 2
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NewContract 06:01
FTC

$8.0m contract win with US Company

Filtronic

Filtronic plc secures an $8.0m (£6.0m) contract with a US company to develop, manufacture, and qualify high-performance amplifier products for satellite communications. The contract, starting March 2026 and expected to complete in 2027, leverages Filtronics proprietary GaN-based and MMIC technologies, expanding its satellite communications offerings. This win underscores Filtronics leadership in advanced RF solutions for strategic markets like space, aerospace, defense, and telecoms infrastructure.
NewContract
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NewContract 06:01
CHRT

Contract Announcement

Cohort

Cohort PLC announces that its Portuguese subsidiary, EID, has secured a €42.3M contract to supply Integrated Communication Systems (ICS) and Networks to the Portuguese Navy for their new fleet, including Supply and Offshore Patrol Vessels. The contract, to be delivered by 2029, strengthens Cohorts relationship with the Portuguese Navy and enhances its order book and future revenue visibility. This win, alongside a recent contract by EM Solutions, highlights Cohorts capabilities in supporting maritime modernization programs.
NewContract
Offers 4 news titles 4
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Offers 15:03
BRLA

Tender Offer

BlackRock Latin American Investment Trust plc

BlackRock Latin American Investment Trust plc (BRLA) announces a tender offer to shareholders, following underperformance against the MSCI EM Latin America Index and trading at an average discount to NAV. The offer allows shareholders to tender up to 24.99% of issued share capital at a price reflecting cum-income NAV minus 2% and related costs. A revised discount control mechanism is introduced, offering a 100% tender opportunity if future performance conditions are not met. Shareholder approval is required at the 2026 AGM and a General Meeting on May 29, 2026. The tender offer is conditional on various factors, including continuation votes and compliance with regulations. The Board recommends shareholders vote in favor of the tender offer resolution.
Offers
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Offers 06:01
MET1

Update re Lions Bay Resources Offer for Vantage

Metals One PLC

Lions Bay Resources (LBR) has made a significant step towards acquiring the Vantage Goldfields assets in South Africa for US$40 million, with a creditor meeting scheduled for April 9, 2026, to approve the rescue plan. Metals One Plc, which will own 30% of LBR upon conversion of its convertible loan notes, has a substantial investment exposure to LBR and its parent company, Lions Bay Capital Inc. (LBI). LBR has already deposited US$6 million and plans to secure the remaining US$30 million in escrow, with LBI exploring various funding options to complete the deal. The acquisition is part of LBRs strategy to create a vertically integrated gold business, leveraging the Vantage Assets historical gold resources and infrastructure. Metals Ones Managing Director, Daniel Maling, expressed optimism about the progress, highlighting the potential benefits of the acquisition, including access to cheap power and a gold concentrate roasting complex.
Offers
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Partner 06:03
CWR

Ceres and Centrica sign a strategic partnership

Ceres Power Holdings PLC

Ceres Power Holdings plc and Centrica plc have signed a strategic partnership to accelerate the deployment of solid oxide on-site power solutions across the UK and Europe. The collaboration aims to address the growing gap between electricity demand and grid capacity by providing high-efficiency, low-carbon, grid-independent power solutions for commercial and industrial customers, including data centers, AI hubs, and manufacturing facilities. Centrica will leverage Ceres advanced Solid Oxide Fuel Cell (SOFC) and Solid Oxide Electrolysis Cell (SOEC) technologies, combined with its energy supply and trading expertise, to offer scalable, fuel-flexible power generation. The partnership also explores integrating Ceres SOEC technology with Centricas AMR program to produce green hydrogen, supporting the UKs clean energy strategy. This initiative promises faster deployment, long-term cost certainty, and reduced carbon emissions, while easing pressure on the grid and fostering economic growth.
Partner
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Reports 29 news titles 29
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Reports 06:01
RENX

Half-year Report

Renalytix AI plc

Renalytix PLC, a precision medicine diagnostics company, reported its Half Year Report for the six months ended 31 December 2025. Key highlights include
Revenue growth to $1.6 million, up from $1.3 million in the same period last year.
Addition of 58 new practice sites across four active regions in the US.
Expansion to five fully integrated EHR systems, up from two in the prior year.
Initiation of eight new integrations to expand access for approximately 10,000 eligible patients.
Extension of data integration pipelines to leading EMR platforms, including Epic Systems, Athenahealth, and eClinicalWorks.
Reduction in underlying EBITDA loss year-on-year, reflecting disciplined cost management.
Commencement of transition to a new laboratory facility to enhance capacity and improve gross margin.
Raising of $9.5 million through an oversubscribed placing and retail offer at a premium to the prior 6-month share price.
Post-period highlights include advancing contract discussions with major US diagnostic companies for national distribution, submission for publication of two-year outcomes data, progression of CE marking submission, and advancement of program milestones for inclusion in a major pharma drug trial.
The companys CEO, James McCullough, emphasized the progress made in expanding clinical adoption, advancing integration-led deployment, strengthening the clinical utility program, and enhancing operational efficiency. The company expects revenue acceleration in the second half of FY26 and improved momentum into FY27.
**Summary** Renalytix PLC reported revenue growth, expanded its clinical network, and made progress in integration and operational efficiency. The company raised additional capital and is positioning itself for scaled growth through national distribution partnerships and inclusion in a major pharma drug trial.
Financial MetricHY26 (Dec 2025)HY25 (Dec 2024)Year-on-Year Change
Revenue$1.6 million$1.3 million23.1%
Commercial Test Revenue$1.1 million$1.2 million-8.3%
Life Sciences Revenue$0.5 million$0.1 million400%
Cost of Sales$0.8 million$0.8 million0%
Administrative Costs$7.9 million$8.0 million-1.3%
Operating Loss$7.1 million$7.5 million-5.3%
Underlying EBITDA Loss$6.4 million$7.2 million-11.1%
Cash and Cash Equivalents$6.1 million$3.6 million69.4%
Debt (Convertible Note)$4.7 million$8.2 million-42.7%
HHI logo
Reports 06:01
HHI

Annual Financial Report

Henderson High Income Trust

Henderson High Income Trust PLC reported strong financial results for the year ended 31 December 2025, with a total return performance of 20.4% for NAV and 22.6% for share price, outperforming the benchmark return of 20.6%. The companys net assets increased to £340.2 million, and the dividend for the year was 10.90p, marking the 13th consecutive year of dividend growth. The companys gearing decreased to 17.5%, and the ongoing charge for the year was 0.68%. The companys investment strategy, which favors equities over bonds, contributed positively to the performance, although equity stock selection in the second half of the year was a negative factor. The companys management fee was reduced to 0.45% of adjusted net assets from 1 January 2026. The company also continued its share buyback program, purchasing 2,622,692 shares in 2025, and the discount to NAV narrowed to 5.7%. The companys responsible investing approach, which integrates ESG factors into investment processes, was highlighted, and the companys voting decisions at general meetings were discussed. The companys prospects and outlook were positive, with the UK equity market expected to remain volatile but attractive in a global context. The companys focus on delivering a high level of income for shareholders while also aiming for capital growth over the longer term was reiterated.
Financial Metric20242025Change
NAV per share (pence)174.72198.77+13.76%
Mid-market price per share (pence)162.50187.50+15.38%
Revenue return per share (pence)10.7411.28+5.03%
Net assets (£ million)303.2340.2+12.20%
Dividend for the year (pence)10.6010.90+2.83%
Dividend yield (%)6.55.8-10.77%
Ongoing charge for the year (%)0.740.68-8.11%
Gearing (%)21.017.5-16.67%
Results 30 news titles 30
BRLA logo
Results 14:23
BRLA

Final Results

BlackRock Latin American Investment Trust plc

**Summary**
BlackRock Latin American Investment Trust plc released its final results for the year ended 31 December 2025, highlighting a strong performance in Latin American equities, which outperformed other major regions with a return of 54.8%. The companys net asset value (NAV) increased by 54.8% in US Dollar terms, matching the benchmark MSCI EM Latin America Index. The share price rose by 65.1% in US Dollar terms. Key financial metrics include net assets of US$170.5 million, net asset value per share of 578.96 US cents, and total revenue return of 28.85 cents per share. The company declared interim dividends totaling 26.59 cents per share, funded from current year revenue and reserves.
The Chairs statement emphasized Latin Americas diversification benefits and the regions strong performance driven by factors like falling inflation, easier monetary policy, and strong foreign inflows. The companys portfolio benefited from exposure to real estate, metals, and healthcare sectors, with notable contributions from companies like Cyrela Brazil Realty, Rede D’or Sao Luiz, and Ero Copper Corp.
The company introduced a revised discount control mechanism, offering shareholders a tender for up to 100% of their shares if the NAV does not outperform the benchmark over a four-year period. This mechanism aims to reduce the discount at which shares trade relative to NAV. The Board also agreed to cap operating charges at 1.3% of average net assets post-tender implementation.
Looking ahead, the company remains optimistic about Latin Americas prospects, citing easing inflation, attractive valuations, and the regions geopolitical neutrality. The Board expects the company to continue operating successfully, supported by its closed-end structure and long-term investment horizon.
Financial Metric20252024Change %
Net assets (US$’000)170,496115,962+47.0%
Net asset value per ordinary share (US$ cents)578.96393.78+47.0%
Ordinary share price (US$ cents)543.40348.17+56.1%
Discount6.1%11.6%-47.4%
Net profit after taxation (US$’000)8,4956,890+23.3%
Revenue earnings per ordinary share (US$ cents)28.8523.40+23.3%
Total dividends payable/paid (US$ cents)26.5924.70+7.7%
### Year-on-Year Comparison and Debt Analysis: - **Net Assets and NAV**: Both net assets and net asset value per share increased significantly by 47.0% in 2025 compared to 2024, reflecting strong portfolio performance. - **Share Price**: The ordinary share price increased by 56.1%, outpacing the increase in NAV, which led to a reduction in the discount from 11.6% to 6.1%. - **Profitability**: Net profit after taxation increased by 23.3%, driven by higher revenue earnings per share. - **Dividends**: Total dividends payable increased by 7.7%, indicating a steady return to shareholders. - **Debt**: The text does not explicitly mention debt levels, but the bank overdraft (a form of short-term debt) increased from US$6,769,000 in 2024 to US$17,889,000 in 2025, suggesting higher leverage or working capital needs. However, this is within the limits set by the overdraft facility agreement.
CWR logo
Results 06:01
CWR

Final results for the year ended 31 December 2025

Ceres Power Holdings PLC

**Summary**
Ceres Power Holdings plc, a UK-based clean energy technology developer, reported its final results for the year ended 31 December 2025. Key financial highlights include a strong cash position of £83.3 million, revenue of £32.6 million (down 37% from 2024), and a gross profit of £22.7 million with a sector-leading gross margin of 70%. The company generated its first royalties, marking a significant milestone. Strategic achievements include manufacturing license agreements with Weichai in China and Delta in Taiwan, factory production by Doosan in South Korea, and testing of solid oxide electrolysis demonstrators in Japan and India. Ceres implemented a business transformation plan to accelerate commercial opportunities, aiming for 20% operating cost savings in 2026. The companys contracted revenue for 2026 is approximately £45 million before new business. Despite challenges like Boschs withdrawal and a hydrogen market slowdown, Ceres remains focused on commercial growth, particularly in power markets for data centers, commercial buildings, and industrial applications. The company is well-positioned for future growth in both power and hydrogen markets.
Here is the HTML table code comparing the financials and debt year on year for Ceres Power Holdings plc: tr>
Financial Metric2025 (£'000)2024 (£'000)Change (£'000)Change (%)
Total Revenue32,64351,891(19,248)(37%)
Gross Profit22,70440,164(17,460)(43%)
Adjusted EBITDA Loss(32,522)(22,287)(10,235)46%
Operating Loss(47,621)(31,317)(16,304)52%
Net Cash and Investments83,272102,465(19,193)(19%)
Net Cash Used in Operating Activities(20,070)(35,941)15,871(44%)
**Key Observations:** * **Revenue Decline:** Total revenue decreased by 37% from £51.89 million in 2024 to £32.64 million in 2025, primarily due to the timing of revenues recognized in 2024 related to technology transfers. * **Gross Profit Margin Compression:** Gross profit margin decreased from 77% in 2024 to 70% in 2025, despite maintaining a strong margin, due to the lower revenue base. * **Increased Losses:** Adjusted EBITDA loss and operating loss both increased significantly in 2025, driven by the decline in revenue and increased operating costs. * **Reduced Cash Outflow:** Net cash used in operating activities decreased by 44% from £35.94 million in 2024 to £20.07 million in 2025, reflecting disciplined cash management. * **Strong Cash Position:** Despite the reduced cash outflow, the company maintained a strong cash and investments position of £83.27 million in 2025, down from £102.47 million in 2024. **Note:** The table does not include debt information as it is not explicitly mentioned in the provided text. However, the company's strong cash position and reduced cash outflow suggest a relatively healthy financial position.
THG logo
Results 06:01
THG

Preliminary FY 2025 results

THG Holdings PLC

THG PLCs preliminary FY 2025 results show significant growth, with adjusted EBITDA ahead of guidance and a profit after tax of £54.1m. The company achieved broad-based continuing CCY revenue growth, with a record H2 performance. Key highlights include
Full-year revenue growth of +2.3%, with H2 performance c.15% ahead of consensus.
Adjusted EBITDA of £76.6mahead of guidance and consensus.
Profit after tax of £54.1msupported by disposals.
£162m gross debt reduction and £103m cash proceeds from the sale of Claremont Ingredients.
Strong start to FY 2026, with revenue and Adjusted EBITDA expectations unchanged.
Significant positive developments in the HMRC case regarding protein powder VAT treatment.
The companys strategic initiatives, including the demerger of THG Ingenuity and the disposal of Claremont Ingredients, have simplified the group and strengthened its financial foundations. THG Beauty and THG Nutrition both delivered strong performances, with THG Beauty achieving a record Q4 and THG Nutrition expanding its offline and licensing channels. The company enters 2026 with strong trading momentum and a focus on material free cash flow delivery.
Here is the comparison of financials and debt year on year presented as an HTML table:
MetricFY 2025FY 2024Change
Total Revenue£1,717.0m£1,751.4m-2.0%
Adjusted EBITDA£76.6m£83.3m-8.1%
Profit After Tax£54.1mLoss (£326.1m)N/A
Gross Debt Reduction£162mN/AN/A
Net Debt (before lease liabilities)£233.0m£304.3m-23.4%
Cash and Available Facilities£333mN/AN/A
**Key Observations:** - **Revenue:** Total revenue decreased by 2.0% from FY 2024 to FY 2025, but on a constant currency basis, it grew by 2.3%. - **Adjusted EBITDA:** Adjusted EBITDA decreased by 8.1%, primarily due to strategic investments and external headwinds. - **Profit After Tax:** The company moved from a significant loss in FY 2024 to a profit in FY 2025, supported by disposals. - **Debt Reduction:** Gross debt was reduced by £162m, and net debt decreased by 23.4%. - **Liquidity:** The company maintains strong liquidity with £333m in cash and available facilities.
HSW logo
Results 06:01
HSW

Preliminary results for the year ended 31 Dec 2025

Hostelworld Group PLC

Hostelworld Group PLC reported preliminary results for the year ended 31 December 2025, highlighting revenue acceleration, improved marketing efficiency, and a focus on expanding its social travel platform. Key financial metrics include a 2% year-on-year increase in full-year net revenue to €93.8 million, with a significant step-up in H2 2025, and adjusted EBITDA of €19.9 million, in line with consensus. The companys social network engagement grew, with 3.4 million members and an 81% increase in member messaging. Strategic initiatives included the successful launch of Elevate, driving higher commission rates, and the expansion of budget accommodation offerings. Financial highlights also include a 2% increase in net bookings to 7.0 million and a 2% rise in Net Average Booking Value to €13.43. The company maintained a disciplined capital allocation approach, with a closing cash position of €12.2 million and a total dividend of 2.40 € cent per share. Looking ahead, Hostelworld anticipates low double-digit revenue growth in 2026 and 2027, supported by its expanded platform and AI-driven capabilities.
Financial Metric20242025Change YoY
Generated Revenue (€m)91.593.8+2%
Net Revenue (€m)92.093.8+2%
Net Bookings (m)6.97.0+1%
Net Average Booking Value (€)13.2113.43+2%
Adjusted EBITDA (€m)21.819.9-9%
Adjusted Profit After Tax (€m)17.415.0-14%
Net Debt (€m)(2.0)1.6N/A
Cash Position (€m)8.212.2+50%
Direct Marketing as % of Revenue46%48%+2%
TRB logo
Results 06:01
TRB

Preliminary Results year ended 31 December 2025

Tribal Group plc

Tribal Group PLC, a leading provider of software and services to the international education market, reported strong preliminary results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**Group revenue increased by 4% to £92.5 million, driven by a 3% growth in Student Information Systems (SIS) revenue and a 9% growth in Etio revenue.
**Adjusted EBITDA**Adjusted EBITDA rose by 8% to £17.5 million, with an Adjusted EBITDA margin of 19%.
**Profitability**Statutory profit before tax surged by 136% to £12.5 million, aided by reduced exceptional costs.
**Cash Position**Net cash significantly improved to £11.4 million, up from a net debt of £3.2 million in 2024, reflecting strong cash flow performance.
**Recurring Revenue**Annual Recurring Revenue (ARR) grew by 11% to £63.3 million, with recurring revenue comprising 86% of SIS revenue.
**Strategic Progress**Successful launch of the Higher Education Full Service (HEFS) proposition, generating £2.7 million in incremental ARR, and significant new SIS wins, including London South Bank University and Durham University.
**Dividends**Increased total dividend for the year to 2.8p per share, up 331%, including a special dividend of 1.5p per share.
**Outlook**The company is well-positioned for continued growth, focusing on recurring revenue, cloud adoption, and leveraging AI opportunities in the education sector.
Tribal Groups strong financial and operational performance in FY25 underscores its strategic progress and positions it for sustainable growth in the evolving education technology market.
Financial Metric2024 (Reported)2024 (Constant Currency)2025Year-on-Year Change (Constant Currency)
Revenue£90.0m£88.8m£92.5m4.2%
Adjusted EBITDA£16.7m£16.2m£17.5m8.1%
Net Cash/(Debt)Net Debt £3.2mNet Debt £3.2mNet Cash £11.4mSubstantial Improvement
Annual Recurring Revenue (ARR)£57.0m£57.0m£63.3m11.0%
Gross Revenue Retention (GRR)93%93%95%2.0pp Increase
Net Revenue Retention (NRR)106%106%108%2.0pp Increase
Free Cash Flow£7.3m£7.3m£16.1m120.5% Increase
Statutory Profit before Tax£5.9m£5.3m£12.5m135.8%
MER logo
Results 06:01
MER

Preliminary Results

Mears Group plc

Mears Group PLC, a leading UK housing services provider, reported strong financial, operational, and strategic progress in its preliminary results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**Total revenue increased slightly to £1,135.5 million, with a 12% rise in Maintenance-led revenue to £620.4 million, offset by an 11% decline in Management-led revenue to £515.0 million.
**Profitability**Statutory operating profit rose by 3% to £75.0 million, with adjusted operating margin improving to 5.7%. Profit before tax was marginally lower at £63.5 million.
**Cash Performance**Average daily adjusted net cash was £52.8 million, with strong cash conversion at 82% of EBITDA.
**Strategic Progress**New contract awards valued at over £300 million, including significant retentions and new wins. The order book reached an all-time high of £4.0 billion.
**Acquisitions and Divestments**The acquisition of Pennington Choices enhanced compliance capabilities, while the disposal of non-core Facilities Management activities simplified the Groups focus on housing services.
**Dividends and Share Buybacks**A 9% increase in the full-year dividend to 17.50p per share, and a new £20 million share buyback programme approved.
**Outlook**Confidence in delivering Maintenance-led growth of 5-9% annually, with adjusted operating margins expected to remain within 5-6%.
Overall, Mears demonstrated resilience and strategic advancement, positioning itself for continued growth in the housing sector.
Here is the comparison of financials and debt year on year for Mears Group PLC, presented as an HTML table:
Metric2025 (£m)2024 (£m)Change
Total Revenue1,135.51,132.5+0%
Revenue - Maintenance-led620.4555.8+12%
Revenue - Management-led515.0576.7-11%
Statutory operating profit75.072.6+3%
Adjusted operating profit (pre-IFRS 16)64.863.6+2%
Profit before tax63.564.1-1%
Average daily adjusted net cash52.859.6-11%
Adjusted net cash at 31 December51.891.4-43%
Net debt (including IFRS 16 lease obligations)(266.9)(206.1)+29%
**Key Observations:** - **Revenue:** Total revenue remained relatively stable, with a slight increase of 0.03% from £1,132.5m in 2024 to £1,135.5m in 2025. - **Maintenance-led Revenue:** Increased by 12%, driven by organic growth and new contract wins. - **Management-led Revenue:** Decreased by 11%, primarily due to the normalization of revenues from the Asylum Accommodation and Support Contract (AASC). - **Profitability:** Statutory operating profit increased by 3%, while adjusted operating profit (pre-IFRS 16) increased by 2%. Profit before tax marginally decreased by 1%. - **Cash Position:** Average daily adjusted net cash decreased by 11%, and adjusted net cash at year-end decreased significantly by 43%, reflecting increased capital allocation for share buybacks, M&A, and property acquisitions. - **Debt:** Net debt increased by 29%, primarily due to the inclusion of IFRS 16 lease obligations and increased borrowings to fund acquisitions and property purchases. This table provides a concise comparison of key financial metrics and debt levels for Mears Group PLC between 2024 and 2025.
SQZ logo
Results 06:01
SQZ

2025 full-year results

Serica Energy PLC

**Summary**
Serica Energy plc, a UK-based oil and gas company, reported its 2025 full-year results, highlighting strategic progress, portfolio strengthening, and increased production. The companys production reached over 65,000 boepd by the end of 2026, driven by successful acquisitions and organic growth. Despite challenges like unscheduled downtime at the Triton FPSO, Sericas production averaged 27,600 boepd in 2025, with a year-to-date average of 38,600 boepd. The companys acquisitions, including a 40% stake in the Greater Laggan Area from TotalEnergies, significantly enhanced its reserves and resources, with 2P reserves increasing by 19% to 138.5 mmboe. Sericas focus on short-cycle, low-risk opportunities and its strong balance sheet position it well for future growth and shareholder returns. The company also emphasized its commitment to energy security and domestic gas supply, particularly through its West of Shetland operations. Despite a loss after taxation of $52 million due to a non-cash deferred tax charge, Serica maintained its dividend and expects material free cash flow generation in 2026. The companys strategy includes further M&A activities and a potential move to the Main Market of the LSE.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Revenue ($ million)727601-17.3%
EBITDAX ($ million)379210-44.6%
Cash Tax paid ($ million)1539-94.1%
Adjusted CFFO less tax ($ million)403187-53.6%
Capital expenditure ($ million)278250-10.1%
Free cash flow ($ million)-1-24-2,300%
Cash and restricted cash ($ million)14831-79.1%
Total debt ($ million)2312310%
Net (debt) / cash ($ million)-83-200-141%
Final dividend declared (pence per share)10100%
Dividends paid ($ million)11385-24.8%
**Key Observations:** - **Revenue and EBITDAX Decline:** Revenue decreased by 17.3% and EBITDAX by 44.6%, primarily due to lower production volumes caused by unscheduled downtime at the Triton FPSO. - **Significant Reduction in Cash Tax:** Cash tax paid decreased by 94.1% due to lower taxable income and the utilization of tax losses. - **Decrease in Adjusted CFFO:** Adjusted CFFO less tax decreased by 53.6%, reflecting the impact of lower revenue and higher operating costs. - **Stable Capital Expenditure:** Capital expenditure remained relatively stable, with a slight decrease of 10.1%. - **Worsening Free Cash Flow:** Free cash flow deteriorated significantly, with a 2,300% increase in negative free cash flow due to lower operating cash flow and higher capital expenditure. - **Decline in Cash Position:** Cash and restricted cash decreased by 79.1%, primarily due to capital expenditures and dividend payments. - **Stable Debt Level:** Total debt remained unchanged at $231 million. - **Increased Net Debt:** Net debt increased by 141% due to the decline in cash and restricted cash. - **Stable Dividend:** The final dividend declared remained unchanged at 10 pence per share, despite the challenging financial performance. - **Lower Dividends Paid:** Dividends paid decreased by 24.8%, likely due to the lower profitability and cash flow.
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Results 06:01
PTEC

Final Results

Playtech Plc

Playtech PLC, a leading platform, content, and services provider in the online gambling industry, announced its final results for the year ended 31 December 2025. The company reported strong execution on its Americas strategy, upgrading its FY26 outlook after an excellent start. Key highlights include
**Financial Performance**Revenue declined by 10% to €763.6 million, and EBITDA decreased by 9% to €197.0 million, primarily due to the revised Caliente agreement. However, underlying software fees from Caliente grew strongly.
**Strategic Transactions**Completed the sale of Snaitech for €2.3 billion, generating over €800 million in cash since ownership, and paid a special dividend of approximately €1.8 billion to shareholders.
**Americas Growth**Key growth markets in the Americas performed ahead of expectations, with strong contributions from the US (revenue up ~100%) and Latin America, driven by investments in Caliente Interactive and Hard Rock Digital (HRD).
**Balance Sheet Strength**Maintained a strong balance sheet, enabling investment and capital returns, including repurchasing 8.3% of issued share capital in H2 for €77 million.
**Outlook**Expects FY26 Adjusted EBITDA to be ahead of current consensus expectations, despite regulatory headwinds in many markets.
Operationally, Playtech reported under three segments: B2B, investment income, and B2C. The B2B segment saw revenue decline due to the Caliente agreement impact, but underlying performance was solid, especially in regulated markets. The Americas strategy showed strong progress, with significant revenue growth in the US and Canada, and expansion into new states. Live revenue increased, and SaaS revenues grew by 48%.
Investment income was driven by the revised Caliente agreement, with Adjusted investment income of €61.8 million. Dividends from HRD totaled €10.3 million, reflecting strong growth.
The B2C segment, now a lower strategic priority, saw revenue decline to €78.5 million, with Adjusted EBITDA losses narrowing to €6.2 million as the HAPPYBET business was wound down.
Playtechs CEO, Mor Weizer, emphasized the companys transition to a focused B2B technology business, highlighting strong performance in the US and Latin America, and expressed confidence in achieving medium-term targets of €250-300 million in Adjusted EBITDA and €70-100 million in Free Cash Flow.
Here is the comparison of financials and debt year on year in an HTML table format: 0
MetricFY2024FY2025Change
Revenue€848.0 million€763.6 million(10%)
EBITDA€217.5 million€197.0 million(9%)
Post-tax profit / (loss)€61.8 million€44.2 million(28%)
Net cash / (debt)Net debt of €142.8 millionNet cash of €28.5 millionn/a
B2B Revenue€754.3 million€688.3 million(9%)
B2B Adjusted EBITDA€222.0 million€141.4 million(36%)
Investment income€2.8 million€61.8 millionn/a
B2C Revenue€97.8 million€78.5 million(20%)
B2C Adjusted EBITDALoss of €7.3 millionLoss of €6.2 millionn/a
**Key Observations:** * **Revenue Decline:** Revenue decreased by 10% from FY2024 to FY2025, primarily due to the impact of the revised Caliente agreement and the sale of Snaitech. * **EBITDA Margin Compression:** EBITDA margin decreased from 25% in FY2024 to 26% in FY2025, driven by lower B2B EBITDA margins due to the revised Caliente agreement. * **Investment Income Growth:** Investment income significantly increased from €2.8 million in FY2024 to €61.8 million in FY2025, mainly due to the revised Caliente agreement and dividends from Hard Rock Digital. * **Debt Reduction:** The company transitioned from a net debt position of €142.8 million in FY2024 to a net cash position of €28.5 million in FY2025, primarily due to the proceeds from the Snaitech sale and the revised Caliente agreement. * **B2B Segment:** B2B revenue and EBITDA declined due to the revised Caliente agreement, but underlying performance excluding this impact showed growth in regulated markets. * **B2C Segment:** B2C revenue and EBITDA losses narrowed, reflecting the wind-down of HAPPYBET and the challenging UK market conditions.
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Results 06:01
SBAR

Final Results for the Year Ended 30 September 2025

Sundae Bar Plc

Sundae Bar PLC, an AI enterprise platform company, reported its final results for the year ended 30 September 2025. Key financial highlights include £2 million raised during AIM admission, total assets of £1.65 million, and an operating loss of £1.2 million. The company wrote down goodwill by £25 million due to the early stage of its platforms commercial development, but this adjustment did not impact cash, operations, or intellectual property. Strategic focus remains on enhancing platform functionality, expanding developer participation, securing enterprise partnerships, and increasing transaction activity. The company aims to convert its infrastructure into measurable commercial traction, with a pathway to value creation through recurring revenue generation. Despite the goodwill impairment, the board remains confident in the long-term opportunity and has established a conservative foundation for future growth.
Financial Metric20242025Change
Total Assets (£)890,7461,645,194+84.7%
Cash and Cash Equivalents (£)610,642658,878+7.9%
Operating Loss (£)(2,359,423)(1,201,143)-49.1%
Goodwill Impairment (£)0(25,079,236)N/A
Net Loss (£)(2,358,491)(26,933,312)+1042.2%
Total Equity (£)841,4421,429,355+70.0%
Debt (£)49,304215,839+337.8%
### Explanation: 1. **Total Assets**: Increased significantly from £890,746 in 2024 to £1,645,194 in 2025, primarily due to the acquisition of Ora Technology Plc and other strategic investments. 2. **Cash and Cash Equivalents**: Modest increase from £610,642 to £658,878, reflecting careful cash management despite significant operational and acquisition costs. 3. **Operating Loss**: Decreased from £2,359,423 to £1,201,143, indicating improved operational efficiency despite the early stage of commercial development. 4. **Goodwill Impairment**: A significant impairment of £25,079,236 was recognized in 2025 due to the early stage of the platform's commercial development and limited revenue visibility. 5. **Net Loss**: Increased dramatically from £2,358,491 to £26,933,312, largely due to the goodwill impairment and other non-cash adjustments. 6. **Total Equity**: Increased from £841,442 to £1,429,355, reflecting the issuance of new shares and the revaluation of assets. 7. **Debt**: Increased significantly from £49,304 to £215,839, indicating higher short-term liabilities as the company scales its operations.
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Results 06:01
ECOR

Full Year Results

Ecora Resources PLC

Ecora Royalties PLC, a critical minerals-focused royalty and streaming company, reported its full-year results for 2025, highlighting a landmark year with record portfolio contributions from critical minerals, strong deleveraging, and strategic acquisitions. The companys portfolio contribution reached $57.0 million, with base metals contributing 50%, driven by strong performance at Voiseys Bay, Mantos Blancos, and the newly acquired Mimbula copper stream. Adjusted earnings were $22.1 million, and free cash flow increased by 21% to $27.4 million. Ecora also reversed a $14.1 million impairment charge related to Voiseys Bay due to improved mine plans and higher cobalt prices. The company maintained a strong balance sheet, with net debt of $85.5 million, and declared a final dividend of 1.4 cents per share. Ecoras outlook remains positive, with expected volume growth in base metals and a series of value catalysts from its development projects.
Financial Metric2024 (US$m)2025 (US$m)Year-on-Year Change
Portfolio Contribution63.257.0(10%)
Royalty and Metal Stream Revenue59.655.9(6%)
Profit After Tax(9.8)22.2N/A (Swing to Profit)
Adjusted Earnings28.922.1(24%)
Free Cash Flow22.127.421%
Net Debt82.385.54%
Dividend per Share (cents)2.812.00(29%)
SOHO logo
Results 06:01
SOHO

Results For the 12 Months Ended 31 December 2025

Triple Point Social Housing REIT PLC

**Summary**
Social Housing REIT PLC (SOHO) reported its final results for the 12 months ended December 31, 2025, highlighting improved earnings and operational oversight under the management of Atrato Partners Limited. Key financial highlights include a 20.9% rise in adjusted earnings per share, a significant improvement in adjusted dividend cover to 1.17x, and an 11.7% increase in net rental income to £40.03 million. The company raised its dividend target by 3%, declared dividends of 5.622 pence per share, and achieved substantial cost savings with an EPRA cost ratio reduced to 18.7%. SOHOs debt profile remains highly attractive with an average fixed cost of 2.74% and a Fitch A- investment grade rating reaffirmed. The portfolio was valued at £606.3 million with a Net Initial Yield of 6.42%. Operationally, rent collection improved to 91.5%, and the company made progress in lease assignments and portfolio optimization, including the disposal of non-core assets. The company is well-positioned for growth, focusing on earnings growth, portfolio optimization, cost discipline, and accretive growth opportunities, while maintaining a strong commitment to providing high-quality supported housing and delivering long-term, inflation-linked income for shareholders.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Net Rental Income (£ million)35.8540.03+11.7%
Adjusted Earnings per Share (pence)5.406.53+20.9%
Dividends per Share (pence)5.465.62+3%
Adjusted Dividend Cover0.99x1.17x+18.2%
EPRA Cost Ratio29.9%18.7%-37.5%
Rent Collection87.6%91.5%+4.4%
Net Loan to Value37.7%39.5%+4.8%
Average Fixed Cost of DebtN/A2.74%N/A
Total Debt (£ million)261.4263.5+0.8%
**Key Observations:** * **Improved Financial Performance:** Net rental income, adjusted earnings per share, and rent collection all increased year-over-year, indicating stronger operational performance. * **Enhanced Dividend Coverage:** The adjusted dividend cover ratio increased significantly, suggesting the company is generating more earnings to support its dividend payments. * **Reduced Costs:** The EPRA cost ratio decreased substantially, reflecting successful cost-saving initiatives. * **Stable Debt Profile:** While total debt increased slightly, the average fixed cost of debt remained attractive, and the net loan to value ratio increased only marginally.
OXB logo
Results 06:01
OXB

Preliminary results for the year ended 31 Dec 2025

Oxford BioMedica PLC

**Summary**
Oxford Biomedica PLC (OXB) reported strong preliminary results for the year ended 31 December 2025, highlighting strategic execution, robust revenue growth, and positive Operating EBITDA. Key financial highlights include
**Revenue Growth** 33% increase to £170.9 million (constant currency), driven by growth in lentiviral vector GMP manufacturing, increased client progression, and expansion in procurement and storage services.
**Operating EBITDA** Achieved a profit of £8.1 million (constant currency), up from a £15.3 million loss in 2024, reflecting revenue growth and cost management.
**Revenue Backlog** Increased by 36% to £204 million, indicating strong future revenue potential.
**Strategic Expansion** Acquired an FDA-approved commercial-scale viral vector manufacturing facility in Durham, NC, enhancing global CDMO capabilities.
**New Commercial Agreement** Signed a multi-year agreement with Bristol Myers Squibb (BMS) for lentiviral vector manufacturing post-period.
**Financial Guidance** Projected 2026 revenues of £220-240 million with a 10% Operating EBITDA margin, and medium-term revenue growth of 25-30% with margins rising to at least 20% by 2027.
Operationally, OXB expanded its global CDMO network, improved efficiency, and strengthened its balance sheet through equity raises and loan facilities. The company also advanced its innovation efforts, particularly in AAV and lentiviral vector technologies, and enhanced its ESG commitments. The acquisition of the Durham facility and strategic partnerships underscore OXBs position as a global leader in cell and gene therapy CDMO services, poised for sustained growth and profitability.
Financial Metric20242025Year-on-Year Change
Revenue£128.8 million£170.9 million (CC)33% increase
Operating EBITDA£(15.3) million£8.1 million (CC)Profitability achieved
Underlying Operating EBITDA (excluding Durham gain)N/A£3.3 million (CC)New metric introduced
Revenue BacklogN/A£204 million36% increase
Contracted Value of Orders£186 million£224 million20% increase
Net Cash£20.6 million£55.4 million169% increase
Debt (Loans)£39.79 million£41.488 million4.3% increase
### Key Observations: 1. **Revenue Growth**: Revenue increased by 33% year-on-year, driven by growth in lentiviral vector GMP manufacturing, increased client progression through clinical development, and growth in procurement and storage services. 2. **EBITDA Improvement**: Operating EBITDA turned positive, achieving £8.1 million (CC) compared to a loss of £15.3 million in 2024, reflecting strong revenue growth and cost control. 3. **Debt Increase**: Debt increased slightly by 4.3%, primarily due to new loans drawn down and interest accruals. 4. **Cash Position**: Net cash position significantly improved, increasing by 169% to £55.4 million, supported by equity raises and improved operating performance. 5. **Order Book Strength**: Revenue backlog and contracted value of orders both increased substantially, indicating strong future revenue visibility and continued growth.
STG logo
Results 06:01
STG

Final Results For Year Ended 31 December 2025

Strip Tinning Holdings PLC

Strip Tinning Holdings PLC reported its financial results for the year ended 31 December 2025, showing a performance in line with market expectations. The company highlighted operational enhancements and a strong sales order book, positioning it for accelerated growth. Key financial highlights include total revenues of £8.6 million, a significant increase in Battery Technologies division sales to £2.1 million, and improved gross margins to 40.0%. Operationally, the company is well-positioned for growth, particularly in the Battery Technologies division, with an increasing order book and strong pipeline. The company also improved its cash position, generating £1.6 million in operating activities and reducing cash burn through cost and capex reductions. The outlook is positive, with expectations of being EBITDA positive from FY26 onwards and cash generative from FY27. The company is focused on delivering new projects and securing additional funding to support its growth initiatives.
Financial Metric20242025Change
Total Revenues (£'000)9,0278,592-435
Battery Technologies Division Sales (£'000)1,0002,1001,100
Glazing Division Sales (£'000)8,0006,500-1,500
Gross Margins (%)33.1%40.0%6.9%
Adjusted EBITDA (£'000)(1,900)(500)1,400
Cash Generated from Operating Activities (£'000)(2,300)1,6003,900
Cash at Year End (£'000)512617105
Basic EPS (pence)(25.9)(11.6)14.3
Total Debt (£'000)6,6526,521-131
### Explanation: 1. **Total Revenues**: Decreased by £435,000 from £9,027,000 in 2024 to £8,592,000 in 2025. 2. **Battery Technologies Division Sales**: More than doubled from £1,000,000 in 2024 to £2,100,000 in 2025. 3. **Glazing Division Sales**: Decreased by £1,500,000 from £8,000,000 in 2024 to £6,500,000 in 2025. 4. **Gross Margins**: Improved from 33.1% in 2024 to 40.0% in 2025. 5. **Adjusted EBITDA**: Improved by £1,400,000 from a loss of £1,900,000 in 2024 to a loss of £500,000 in 2025. 6. **Cash Generated from Operating Activities**: Swung from a use of £2,300,000 in 2024 to a generation of £1,600,000 in 2025. 7. **Cash at Year End**: Increased by £105,000 from £512,000 in 2024 to £617,000 in 2025. 8. **Basic EPS**: Improved by 14.3 pence from a loss of 25.9 pence in 2024 to a loss of 11.6 pence in 2025. 9. **Total Debt**: Decreased by £131,000 from £6,652,000 in 2024 to £6,521,000 in 2025.
AIEA logo
Results 06:01
AIEA

Final Results for the year ended 31 December 2025

Airea Plc

AIREA PLC, a UK design-led specialist flooring company, reported its final results for the year ended 31 December 2025, highlighting resilient trading despite global economic and geopolitical challenges. Key financial highlights include a 1.0% increase in full-year revenue to £21.45 million, a 32.0% rise in operating profit to £0.9 million, and a 66.7% increase in the final dividend to 1.00p per share. The company also made significant progress in its business transformation, including strategic investments in manufacturing capabilities and the launch of new sustainable products. Despite a slowdown in the second half of the year, AIREA remains confident in its long-term growth strategy, supported by its focus on innovation, sustainability, and operational efficiency. The company is nearing completion of its new manufacturing facility, which is expected to enhance its competitive position and support future growth.
Financial Metric2025 (£000)2024 (£000)Change (£000)Change (%)
Revenue21,44721,2342131.0%
Operating Profit91669322332.2%
EBITDA1,7001,10060054.5%
Cash Generated from Operations2,2422721,970724.3%
Cash and Cash Equivalents2,0122,063(51)-2.5%
Pension Deficit3,0274,007(980)-24.5%
Total Debt (Loans and Borrowings)498904(406)-44.9%
### Notes: 1. **Revenue**: Increased by 1.0% year-on-year, reflecting resilient trading despite global challenges. 2. **Operating Profit**: Increased by 32.2% due to improved product mix and cost control. 3. **EBITDA**: Increased by 54.5%, driven by operational efficiency and cost management. 4. **Cash Generated from Operations**: Significantly increased by 724.3%, primarily due to improved working capital management. 5. **Cash and Cash Equivalents**: Decreased slightly by 2.5%, despite strong cash generation, due to capital expenditures and dividend payments. 6. **Pension Deficit**: Reduced by 24.5% due to contributions and a revised investment strategy. 7. **Total Debt**: Decreased by 44.9% as all bank debt was settled following the divestment of the investment property.
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Suspension 1 news title 1
TR1 48 news titles 48
FDR logo
TR1 16:10
FDR

Holding(s) in Company

First Development Resources Plc

TR1 Buy
['First Equity Limited', '6.250325', '5.388211']
GMET logo
TR1 15:58
GMET

Holding(s) in Company

Guardian Metal Resources PLC

TR1 Buy
['Duquesne Family Office LLC', '12.730000', '14.750000']
IEM logo
TR1 15:05
IEM

Holding(s) in Company

Impax Environmental Markets PLC

TR1 Buy
['Bank of America Corporation', '0.000000', '0.000000']
BOW logo
TR1 13:41
BOW

Holding(s) in Company

Bow Street Group plc

<mark style="background-coloryellow">TR1</mark> Buy
['Pentwater Capital Management LP', '', 0]
HGEN logo
TR1 09:50
HGEN

Holding(s) in Company

Hydrogenone Capital Growth PLC

TR1 Buy
['Philip J Milton & Company Plc', '12.740000', '10.940000']
BWY logo
TR1 09:19
BWY

Holding(s) in Company

Bellway PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Asset Management Holdings Inc.', 'Below minimum threshold', '4.759662']
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TR1 08:32
BGUK

Holding(s) in Company

Baillie Gifford UK Growth Fund PLC

TR1 Buy
['Allspring Global Investments Holdings.', '4.920000', '5.003000']
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TR1 06:16
WIZZ

Holding(s) in Company

Wizz Air Holdings PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Chase & Co.', 'Below minimum threshold', '0.894083']
ZEG logo
TR1 06:01
ZEG

Holding(s) in Company

Zegona Communications Plc

TR1 Buy
['Thornburg Investment Management, Inc.', '14.930000', '15.010000']
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Updates 21 news titles 21
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Updates 08:20
BRFI

Portfolio Update

BlackRock Frontiers Investment Trust plc

BlackRock Frontiers Investment Trust PLC released its portfolio update as of February 28, 2026, highlighting strong performance across various metrics. The trusts net asset value (NAV) returned +0.7% in February, aligning with its benchmark, the MSCI Frontier + Emerging ex Selected Countries Index (+0.5%). Key markets like Thailand (+20.5%), Oman (+19.7%), and Kenya (+13.1%) drove gains, while Colombia (-12.2%) and Pakistan (-8.7%) underperformed. Top contributors included Kenyan banks KCB Group and Equity Group, Thai retailer CP All, and Philippine gaming company Digiplus. Detractors were led by IT services firm EPAM, Argentinian oil company YPF, and Saudi digital platform Derayah. Portfolio adjustments included increasing stakes in Kazakh fintech Kaspi and initiating Bank of the Philippine Islands, while exiting Ayala and LPP. The trust remains optimistic about smaller emerging and frontier markets, citing easing inflation, stable U.S. bond yields, and attractive valuations as supportive factors for future growth.
Metric20252026Change
Total Assets (£m)326.6N/AN/A
Net Asset Value (US Dollar, cum income)268.30c268.30c0.00%
Net Asset Value (Sterling, cum income)199.56p199.56p0.00%
Share Price (Sterling)206.00pN/AN/A
Premium to cum-income NAV (%)3.2%N/AN/A
GearingNilNilN/A
Net Yield (%)3.6%N/AN/A
Ongoing Charges (%)1.42%N/AN/A
Ongoing Charges + Taxation and Performance Fee (%)2.87%N/AN/A
Market Exposure - Long (%)110.9 (Dec 2025)121.3 (Feb 2026)+9.36%
Market Exposure - Short (%)1.9 (Dec 2025)2.0 (Feb 2026)+5.26%
Market Exposure - Gross (%)112.8 (Dec 2025)123.3 (Feb 2026)+9.31%
Market Exposure - Net (%)109.0 (Dec 2025)119.3 (Feb 2026)+9.45%
**Note:** The table compares available financial data from 2025 to 2026. Some metrics (e.g., Total Assets, Share Price, Premium to cum-income NAV, Net Yield, Ongoing Charges) do not have 2026 data available, hence marked as "N/A". Market Exposure data is compared between December 2025 and February 2026.
MRK logo
Updates 06:01
MRK

Pre Close Trading Update & Board Change

Marks Electrical Group PLC

Marks Electrical Group plc released a pre-close trading update for FY26, reporting robust H2 revenue (+4.7% vs H1), with expected FY26 sales of £108.5m (FY25: £117.2m) due to focus on margin-enhancing strategies. Adjusted EBITDA is projected to exceed £2m, surpassing consensus, supported by cost rationalization and operational efficiencies. Cash is expected to close between £3.5m-£4.0m, reflecting strong working capital management. Tom Pallatt appointed as permanent CFO from April 1, 2026, bringing extensive finance experience. CEO Mark Smithson highlighted strong momentum and compliance with CMA investigations. The company remains committed to consumer and competition laws.
MetricFY25FY26Change
Revenue (£m)117.2108.5-7.4%
Adjusted EBITDA (£m)N/A>2.0N/A
Cash (£m)N/A3.5-4.0N/A
**Notes:** - Revenue decreased by 7.4% year-on-year, from £117.2m in FY25 to £108.5m in FY26. - Adjusted EBITDA for FY26 is expected to be in excess of £2.0m, but no comparative figure is provided for FY25. - Cash is expected to close in the range of £3.5m-£4.0m in FY26, but no comparative figure is provided for FY25.
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Updates 06:01
POLN

Full Year 2025 Trading Update

Pollen Street PLC

**Summary**
Pollen Street Group Limiteds full-year 2025 trading update highlights significant growth and strategic achievements. The company reported a 30% increase in Total Assets Under Management (AUM) to £7.1 billion, with Fee-Paying AUM rising 32% to £5.2 billion. This growth was driven by successful fundraising in both Private Equity and Private Credit strategies, with flagship funds significantly outperforming targets.
Financial performance was robust, with a 14% increase in Profit After Tax to £56.6 million and a 19% rise in Earnings Per Share (EPS) to 93.7p. The Asset Management segments share of net revenues grew to 71%, and the company deployed £1.6 billion across its strategies.
Key highlights include the final close of Private Equity Fund V at €1.5 billion and Private Credit Fund IV reaching £1.8 billion, with further commitments expected. The company also declared a total dividend of 58.0 pence per share, 8% higher than the previous year, and reaffirmed its medium-term target of reaching £10 billion in Total AUM.
CEO Lindsey McMurray attributed the success to strong fundraising, disciplined underwriting, and active portfolio management. The company remains focused on deploying capital, preparing for new investment strategies, and delivering sustainable value to investors and shareholders.
Despite market challenges, Pollen Street Group demonstrated resilience, with its shares outperforming the FTSE 250 index in 2025. The companys strategic priorities for 2026 include continued deployment of capital, preparing for the next generation of investment strategies, and maintaining its progressive dividend policy.
The Boards decision to adjust the allocation of Carried Interest in Private Credit Fund IV reflects the companys commitment to recognizing individual contributions and supporting long-term growth. Pollen Street Group enters 2026 with momentum, a robust pipeline, and confidence in its ability to capitalize on opportunities for sustainable growth.
Financial Metric2025 (£m)2024 (£m)YoY Growth (%)
Total Assets Under Management (AUM)7.15.430%
Fee Paying AUM5.24.032%
Fund Management Income81.166.821%
Fund Management Administration Costs(49.4)(39.6)25%
Fund Management EBITDA31.727.217%
Income on Net Investment Assets32.931.84%
EBITDA64.659.010%
Profit After Tax56.649.614%
EPS (pence)93.778.819%
DPS (pence)58.053.68%
Debt Metric2025 (£m)2024 (£m)YoY Change (£m)
Interest-bearing borrowings (Current)121498(377)
Interest-bearing borrowings (Non-current)199,538187,76711,771
Total Interest-bearing borrowings199,659188,26511,394
**Year-on-Year Financial Comparison:** - **Assets Under Management (AUM):** Increased by 30% from £5.4 billion in 2024 to £7.1 billion in 2025. - **Fee Paying AUM:** Grew by 32% from £4.0 billion in 2024 to £5.2 billion in 2025. - **Fund Management Income:** Rose by 21% from £66.8 million in 2024 to £81.1 million in 2025. - **Fund Management EBITDA:** Increased by 17% from £27.2 million in 2024 to £31.7 million in 2025. - **Profit After Tax:** Climbed by 14% from £49.6 million in 2024 to £56.6 million in 2025. - **EPS:** Jumped by 19% from 78.8p in 2024 to 93.7p in 2025. - **DPS:** Increased by 8% from 53.6p in 2024 to 58.0p in 2025. **Debt Comparison:** - **Interest-bearing borrowings (Current):** Decreased by £377 million from £498 million in 2024 to £121 million in 2025. - **Interest-bearing borrowings (Non-current):** Increased by £11.771 billion from £187.767 billion in 2024 to £199.538 billion in 2025. - **Total Interest-bearing borrowings:** Increased by £11.394 billion from £188.265 billion in 2024 to £199.659 billion in 2025.
III logo
Updates 06:01
III

Action Capital Markets Seminar & portfolio update

3I Group PLC

3i Group plc announces a capital markets seminar featuring Action, its largest portfolio company, with a live webcast at 10:00 UK time on March 26, 2026. Action reported strong 2025 financial results, with net sales of €16 billion and EBITDA of €2.367 billion, and continued growth in 2026, with net sales up 14.5% year-to-date. Guidance for 2026 includes 4-5% like-for-like sales growth, at least 400 new store openings, and a maintained EBITDA margin of 14.8%. Action plans to expand its European white space potential to 4,650 stores and aims to enter the U.S. market by 2027/2028. 3i’s overall portfolio performance remains encouraging, with resilience expected despite geopolitical challenges and opportunities in AI integration. Full-year results will be published in May.
Metric20242025Change
Net Sales (€ million)13,79316,00016%
Operating EBITDA (€ million)2,0762,36714%
EBITDA Margin15.1%14.8%-0.3%
LFL Sales GrowthN/A4.9%N/A
Stores AddedN/A384N/A
Cash and Cash Equivalents (€ million)N/A900 (as of 22 March 2026)N/A

Year-to-Date (YTD) Comparison (Week 12)

Metric2025 (Week 12)2026 (Week 12)Change
Net Sales (€ billion)3.233.714.5%
LFL Sales GrowthN/A4.0%N/A
LFL Sales Growth ex-FranceN/A5.8%N/A
Stores AddedN/A24N/A

Guidance for 2026

MetricTarget
Like-for-like Sales Growth4-5%
Net Store Opening TargetAt least 400
EBITDA MarginMaintained at 14.8%
AEO logo
Updates 06:01
AEO

Trading Update for the 18 Months Ended 31 Dec 2025

Aeorema Communications Plc

Aeorema Communications Plc reports strong financial performance for the 18 months ended December 2025, with revenue and profit ahead of expectations. Underlying profit before tax increased by 10% to £770,000, exceeding previous forecasts. The company secured record bookings for the Cannes Lions Advertising Festival and successfully expanded into the SXSW event in Austin, Texas. Operational efficiency improved following a restructuring program, and the new financial year started with significant momentum. Bank balances remained healthy, and the company maintained its progressive dividend policy. A share buyback program was initiated, with 260,500 shares purchased since January 2026. The outlook for 2026 is positive, supported by a strong pipeline of confirmed work and improved operational alignment. Audited results are expected in May 2026.
Metric18 Months to Dec 202518 Months to Dec 2024Change
Turnover£29,400,000£27,500,000+7.27%
Profit Before Tax (Reported)£410,000£318,000+28.93%
Underlying Profit Before Tax£770,000£318,000+142.14%
Bank Balance (as of announcement)£2.6 million£2.4 million+8.33%
Average Bank Balance (previous 12 months)£3 millionN/AN/A
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2026-03-26 32 picks
80 Positive
RMMC
River and Mercantile UK Micro Cap Investment Company Ltd
Positive
Continuation of Share Buyback Programme
River UK Micro Cap Limited announces the continuation of its share buyback programme, appointing Singer Capital Markets Securities Limited to manage the purchase of ordinary shares up to £2.0 million. The programme will buy shares at a discount of 8.0% to the most recent NAV per share, with repurchased shares held in treasury for potential cancellation. The initiative operates within the 14.99% general buyback authority approved at the 2026 AGM. The company confirms no inside information is held.
River UK Micro Cap Limited announces the continuation of its share buyback programme, appointing Singer Capital Markets Securities Limited to manage the purchase of ordinary shares up to £2.0 million. The programme will buy shares at a discount of 8.0% to the most recent NAV per share, with repurchased shares held in treasury for potential cancellation. The initiative operates within the 14.99% general buyback authority approved at the 2026 AGM. The company confirms no inside information is held.
BuyBack
15:04
Open Terminal ↗ RNS Source
80 Positive
BRLA
BlackRock Latin American Investment Trust plc
Positive
Tender Offer
BlackRock Latin American Investment Trust plc (BRLA) announces a tender offer to shareholders, following underperformance against the MSCI EM Latin America Index and trading at an average discount to NAV. The offer allows shareholders to tender up to 24.99% of issued share capital at a price reflecting cum-income NAV minus 2% and related costs. A revised discount control mechanism is introduced, offering a 100% tender opportunity if future performance conditions are not met. Shareholder approval is required at the 2026 AGM and a General Meeting on May 29, 2026. The tender offer is conditional on various factors, including continuation votes and compliance with regulations. The Board recommends shareholders vote in favor of the tender offer resolution.
BlackRock Latin American Investment Trust plc (BRLA) announces a tender offer to shareholders, following underperformance against the MSCI EM Latin America Index and trading at an average discount to NAV. The offer allows shareholders to tender up to 24.99% of issued share capital at a price reflecting cum-income NAV minus 2% and related costs. A revised discount control mechanism is introduced, offering a 100% tender opportunity if future performance conditions are not met. Shareholder approval is required at the 2026 AGM and a General Meeting on May 29, 2026. The tender offer is conditional on various factors, including continuation votes and compliance with regulations. The Board recommends shareholders vote in favor of the tender offer resolution.
Offers
15:03
Open Terminal ↗ RNS Source
93 Strong Beat
BRLA
BlackRock Latin American Investment Trust plc
Positive
Final Results
**Summary:** BlackRock Latin American Investment Trust plc released its final results for the year ended 31 December 2025, highlighting a strong performance in Latin American equities, which outperformed other major regions with a return of 54.8%. The companys net asset value (NAV) increased by 54.8% in US Dollar terms, matching the benchmark MSCI EM Latin America Index. The share price rose by 65.1% in US Dollar terms. Key financial metrics include net assets of US$170.5 million, net asset value per share of 578.96 US cents, and total revenue return of 28.85 cents per share. The company declared interim dividends totaling 26.59 cents per share, funded from current year revenue and reserves. The Chairs statement emphasized Latin Americas diversification benefits and the regions strong performance driven by factors like falling inflation, easier monetary policy, and strong foreign inflows. The companys portfolio benefited from exposure to real estate, metals, and healthcare sectors, with notable contributions from companies like Cyrela Brazil Realty, Rede D’or Sao Luiz, and Ero Copper Corp. The company introduced a revised discount control mechanism, offering shareholders a tender for up to 100% of their shares if the NAV does not outperform the benchmark over a four-year period. This mechanism aims to reduce the discount at which shares trade relative to NAV. The Board also agreed to cap operating charges at 1.3% of average net assets post-tender implementation. Looking ahead, the company remains optimistic about Latin Americas prospects, citing easing inflation, attractive valuations, and the regions geopolitical neutrality. The Board expects the company to continue operating successfully, supported by its closed-end structure and long-term investment horizon.
**Summary**
BlackRock Latin American Investment Trust plc released its final results for the year ended 31 December 2025, highlighting a strong performance in Latin American equities, which outperformed other major regions with a return of 54.8%. The companys net asset value (NAV) increased by 54.8% in US Dollar terms, matching the benchmark MSCI EM Latin America Index. The share price rose by 65.1% in US Dollar terms. Key financial metrics include net assets of US$170.5 million, net asset value per share of 578.96 US cents, and total revenue return of 28.85 cents per share. The company declared interim dividends totaling 26.59 cents per share, funded from current year revenue and reserves.
The Chairs statement emphasized Latin Americas diversification benefits and the regions strong performance driven by factors like falling inflation, easier monetary policy, and strong foreign inflows. The companys portfolio benefited from exposure to real estate, metals, and healthcare sectors, with notable contributions from companies like Cyrela Brazil Realty, Rede D’or Sao Luiz, and Ero Copper Corp.
The company introduced a revised discount control mechanism, offering shareholders a tender for up to 100% of their shares if the NAV does not outperform the benchmark over a four-year period. This mechanism aims to reduce the discount at which shares trade relative to NAV. The Board also agreed to cap operating charges at 1.3% of average net assets post-tender implementation.
Looking ahead, the company remains optimistic about Latin Americas prospects, citing easing inflation, attractive valuations, and the regions geopolitical neutrality. The Board expects the company to continue operating successfully, supported by its closed-end structure and long-term investment horizon.
Financial Metric20252024Change %
Net assets (US$’000)170,496115,962+47.0%
Net asset value per ordinary share (US$ cents)578.96393.78+47.0%
Ordinary share price (US$ cents)543.40348.17+56.1%
Discount6.1%11.6%-47.4%
Net profit after taxation (US$’000)8,4956,890+23.3%
Revenue earnings per ordinary share (US$ cents)28.8523.40+23.3%
Total dividends payable/paid (US$ cents)26.5924.70+7.7%
### Year-on-Year Comparison and Debt Analysis: - **Net Assets and NAV**: Both net assets and net asset value per share increased significantly by 47.0% in 2025 compared to 2024, reflecting strong portfolio performance. - **Share Price**: The ordinary share price increased by 56.1%, outpacing the increase in NAV, which led to a reduction in the discount from 11.6% to 6.1%. - **Profitability**: Net profit after taxation increased by 23.3%, driven by higher revenue earnings per share. - **Dividends**: Total dividends payable increased by 7.7%, indicating a steady return to shareholders. - **Debt**: The text does not explicitly mention debt levels, but the bank overdraft (a form of short-term debt) increased from US$6,769,000 in 2024 to US$17,889,000 in 2025, suggesting higher leverage or working capital needs. However, this is within the limits set by the overdraft facility agreement.
14:23
Open Terminal ↗ RNS Source
80 Positive
CCH
Coca Cola HBC AG
Positive
Launch of Issue of Notes
Coca-Cola HBC AG, through its subsidiary Coca-Cola HBC Finance B.V., announced the launch of a triple tranche Euro-denominated fixed-rate issue of Notes with maturities of 2.5, 4.5, and 7.5 years. The Notes, guaranteed by Coca-Cola HBC AG, are part of a €10 billion Euro Medium Term Note Programme. Proceeds will fund general financing needs and the cash component of the acquisition of Coca-Cola Beverages Africa, expected to complete by year-end 2026. The Notes will be listed on the London Stock Exchange, with details available in the Prospectus. The offering is not available to U.S. investors.
Coca-Cola HBC AG, through its subsidiary Coca-Cola HBC Finance B.V., announced the launch of a triple tranche Euro-denominated fixed-rate issue of Notes with maturities of 2.5, 4.5, and 7.5 years. The Notes, guaranteed by Coca-Cola HBC AG, are part of a €10 billion Euro Medium Term Note Programme. Proceeds will fund general financing needs and the cash component of the acquisition of Coca-Cola Beverages Africa, expected to complete by year-end 2026. The Notes will be listed on the London Stock Exchange, with details available in the Prospectus. The offering is not available to U.S. investors.
Launch
08:06
Open Terminal ↗ RNS Source
80 Positive
CWR
Ceres Power Holdings PLC
Positive
Ceres and Centrica sign a strategic partnership
Ceres Power Holdings plc and Centrica plc have signed a strategic partnership to accelerate the deployment of solid oxide on-site power solutions across the UK and Europe. The collaboration aims to address the growing gap between electricity demand and grid capacity by providing high-efficiency, low-carbon, grid-independent power solutions for commercial and industrial customers, including data centers, AI hubs, and manufacturing facilities. Centrica will leverage Ceres advanced Solid Oxide Fuel Cell (SOFC) and Solid Oxide Electrolysis Cell (SOEC) technologies, combined with its energy supply and trading expertise, to offer scalable, fuel-flexible power generation. The partnership also explores integrating Ceres SOEC technology with Centricas AMR program to produce green hydrogen, supporting the UKs clean energy strategy. This initiative promises faster deployment, long-term cost certainty, and reduced carbon emissions, while easing pressure on the grid and fostering economic growth.
Ceres Power Holdings plc and Centrica plc have signed a strategic partnership to accelerate the deployment of solid oxide on-site power solutions across the UK and Europe. The collaboration aims to address the growing gap between electricity demand and grid capacity by providing high-efficiency, low-carbon, grid-independent power solutions for commercial and industrial customers, including data centers, AI hubs, and manufacturing facilities. Centrica will leverage Ceres advanced Solid Oxide Fuel Cell (SOFC) and Solid Oxide Electrolysis Cell (SOEC) technologies, combined with its energy supply and trading expertise, to offer scalable, fuel-flexible power generation. The partnership also explores integrating Ceres SOEC technology with Centricas AMR program to produce green hydrogen, supporting the UKs clean energy strategy. This initiative promises faster deployment, long-term cost certainty, and reduced carbon emissions, while easing pressure on the grid and fostering economic growth.
Partner
06:03
Open Terminal ↗ RNS Source
93 Strong Beat
CWR
Ceres Power Holdings PLC
Positive
Final results for the year ended 31 December 2025
**Summary:** Ceres Power Holdings plc, a UK-based clean energy technology developer, reported its final results for the year ended 31 December 2025. Key financial highlights include a strong cash position of £83.3 million, revenue of £32.6 million (down 37% from 2024), and a gross profit of £22.7 million with a sector-leading gross margin of 70%. The company generated its first royalties, marking a significant milestone. Strategic achievements include manufacturing license agreements with Weichai in China and Delta in Taiwan, factory production by Doosan in South Korea, and testing of solid oxide electrolysis demonstrators in Japan and India. Ceres implemented a business transformation plan to accelerate commercial opportunities, aiming for 20% operating cost savings in 2026. The companys contracted revenue for 2026 is approximately £45 million before new business. Despite challenges like Boschs withdrawal and a hydrogen market slowdown, Ceres remains focused on commercial growth, particularly in power markets for data centers, commercial buildings, and industrial applications. The company is well-positioned for future growth in both power and hydrogen markets.
**Summary**
Ceres Power Holdings plc, a UK-based clean energy technology developer, reported its final results for the year ended 31 December 2025. Key financial highlights include a strong cash position of £83.3 million, revenue of £32.6 million (down 37% from 2024), and a gross profit of £22.7 million with a sector-leading gross margin of 70%. The company generated its first royalties, marking a significant milestone. Strategic achievements include manufacturing license agreements with Weichai in China and Delta in Taiwan, factory production by Doosan in South Korea, and testing of solid oxide electrolysis demonstrators in Japan and India. Ceres implemented a business transformation plan to accelerate commercial opportunities, aiming for 20% operating cost savings in 2026. The companys contracted revenue for 2026 is approximately £45 million before new business. Despite challenges like Boschs withdrawal and a hydrogen market slowdown, Ceres remains focused on commercial growth, particularly in power markets for data centers, commercial buildings, and industrial applications. The company is well-positioned for future growth in both power and hydrogen markets.
Here is the HTML table code comparing the financials and debt year on year for Ceres Power Holdings plc: tr>
Financial Metric2025 (£'000)2024 (£'000)Change (£'000)Change (%)
Total Revenue32,64351,891(19,248)(37%)
Gross Profit22,70440,164(17,460)(43%)
Adjusted EBITDA Loss(32,522)(22,287)(10,235)46%
Operating Loss(47,621)(31,317)(16,304)52%
Net Cash and Investments83,272102,465(19,193)(19%)
Net Cash Used in Operating Activities(20,070)(35,941)15,871(44%)
**Key Observations:** * **Revenue Decline:** Total revenue decreased by 37% from £51.89 million in 2024 to £32.64 million in 2025, primarily due to the timing of revenues recognized in 2024 related to technology transfers. * **Gross Profit Margin Compression:** Gross profit margin decreased from 77% in 2024 to 70% in 2025, despite maintaining a strong margin, due to the lower revenue base. * **Increased Losses:** Adjusted EBITDA loss and operating loss both increased significantly in 2025, driven by the decline in revenue and increased operating costs. * **Reduced Cash Outflow:** Net cash used in operating activities decreased by 44% from £35.94 million in 2024 to £20.07 million in 2025, reflecting disciplined cash management. * **Strong Cash Position:** Despite the reduced cash outflow, the company maintained a strong cash and investments position of £83.27 million in 2025, down from £102.47 million in 2024. **Note:** The table does not include debt information as it is not explicitly mentioned in the provided text. However, the company's strong cash position and reduced cash outflow suggest a relatively healthy financial position.
06:01
Open Terminal ↗ RNS Source
80 Positive
VINO
Virgin Wines UK PLC
Positive
Launch of Mobile App
Virgin Wines UK PLC launches its first mobile app on iOS and Android, enhancing customer experience with personalized features like a "wine cellar" for tracking purchases and preferences, exclusive offers, and Virgin Points rewards. The app aligns with the companys medium-term growth strategy, aiming to boost engagement, sales, and customer acquisition. CEO Jay Wright highlights the apps role in simplifying wine exploration and strengthening customer relationships.
Virgin Wines UK PLC launches its first mobile app on iOS and Android, enhancing customer experience with personalized features like a "wine cellar" for tracking purchases and preferences, exclusive offers, and Virgin Points rewards. The app aligns with the companys medium-term growth strategy, aiming to boost engagement, sales, and customer acquisition. CEO Jay Wright highlights the apps role in simplifying wine exploration and strengthening customer relationships.
Launch
06:01
Open Terminal ↗ RNS Source
98 Exceptional
AVG
Avingtrans Plc
Positive
Scientific Magnetics Ships 20th Quantum Magnet
Avingtrans PLC announces that its subsidiary, Scientific Magnetics Ltd, has shipped its 20th superconducting magnet for quantum computing applications, marking a significant milestone. This achievement aligns with the UK governments £2.5 billion investment in AI and quantum technologies, aimed at scaling quantum computing and creating 100,000 jobs. Scientific Magnetics, with over 30 years of expertise, is well-positioned as a key supplier of precision magnet systems for quantum computers, with 18 more systems in production and a strong order book. The company also develops advanced magnet systems for MRI, scientific research, and medical physics, contributing to the growing quantum computing industry.
Avingtrans PLC announces that its subsidiary, Scientific Magnetics Ltd, has shipped its 20th superconducting magnet for quantum computing applications, marking a significant milestone. This achievement aligns with the UK governments £2.5 billion investment in AI and quantum technologies, aimed at scaling quantum computing and creating 100,000 jobs. Scientific Magnetics, with over 30 years of expertise, is well-positioned as a key supplier of precision magnet systems for quantum computers, with 18 more systems in production and a strong order book. The company also develops advanced magnet systems for MRI, scientific research, and medical physics, contributing to the growing quantum computing industry.
full
06:01
Open Terminal ↗ RNS Source
88 Trading Edge
MRK
Marks Electrical Group PLC
Positive
Pre Close Trading Update & Board Change
Marks Electrical Group plc released a pre-close trading update for FY26, reporting robust H2 revenue (+4.7% vs H1), with expected FY26 sales of £108.5m (FY25: £117.2m) due to focus on margin-enhancing strategies. Adjusted EBITDA is projected to exceed £2m, surpassing consensus, supported by cost rationalization and operational efficiencies. Cash is expected to close between £3.5m-£4.0m, reflecting strong working capital management. Tom Pallatt appointed as permanent CFO from April 1, 2026, bringing extensive finance experience. CEO Mark Smithson highlighted strong momentum and compliance with CMA investigations. The company remains committed to consumer and competition laws.
Marks Electrical Group plc released a pre-close trading update for FY26, reporting robust H2 revenue (+4.7% vs H1), with expected FY26 sales of £108.5m (FY25: £117.2m) due to focus on margin-enhancing strategies. Adjusted EBITDA is projected to exceed £2m, surpassing consensus, supported by cost rationalization and operational efficiencies. Cash is expected to close between £3.5m-£4.0m, reflecting strong working capital management. Tom Pallatt appointed as permanent CFO from April 1, 2026, bringing extensive finance experience. CEO Mark Smithson highlighted strong momentum and compliance with CMA investigations. The company remains committed to consumer and competition laws.
MetricFY25FY26Change
Revenue (£m)117.2108.5-7.4%
Adjusted EBITDA (£m)N/A>2.0N/A
Cash (£m)N/A3.5-4.0N/A
**Notes:** - Revenue decreased by 7.4% year-on-year, from £117.2m in FY25 to £108.5m in FY26. - Adjusted EBITDA for FY26 is expected to be in excess of £2.0m, but no comparative figure is provided for FY25. - Cash is expected to close in the range of £3.5m-£4.0m in FY26, but no comparative figure is provided for FY25.
06:01
Open Terminal ↗ RNS Source
80 Positive
NANO
Nanoco Group plc
Positive
Shoei Litigation Conclusion
Nanoco Group PLC and Shoei Chemical Inc. have settled their ongoing litigation with a definitive agreement. Neither party will pay compensation, and both will cover their own costs. Nanoco agrees not to sue Shoei, its customers, or suppliers for using Nanocos Quantum Dot (QD) patents in the display field for existing and new patents over the next three years. Shoei agrees not to sue Nanoco, its customers, or suppliers for using Shoeis QD patents in the sensing field for existing and new patents over the same period. All other terms of the agreement remain confidential.
Nanoco Group PLC and Shoei Chemical Inc. have settled their ongoing litigation with a definitive agreement. Neither party will pay compensation, and both will cover their own costs. Nanoco agrees not to sue Shoei, its customers, or suppliers for using Nanocos Quantum Dot (QD) patents in the display field for existing and new patents over the next three years. Shoei agrees not to sue Nanoco, its customers, or suppliers for using Shoeis QD patents in the sensing field for existing and new patents over the same period. All other terms of the agreement remain confidential.
Litigation
06:01
Open Terminal ↗ RNS Source
80 Positive
BPM
B P Marsh and Partners PLC
Positive
New Share Buyback Programme
B.P. Marsh & Partners Plc announces a new £2 million share buyback programme, managed by Singer Capital Markets, to reduce share capital. The programme operates under shareholder authority granted in June 2025, allowing repurchase of up to 3,710,000 ordinary shares. Repurchased shares will be held in treasury, with the programme expiring by July 2026 or at the 2026 AGM. The company plans to seek further shareholder approval for a similar authority at the 2026 AGM.
B.P. Marsh & Partners Plc announces a new £2 million share buyback programme, managed by Singer Capital Markets, to reduce share capital. The programme operates under shareholder authority granted in June 2025, allowing repurchase of up to 3,710,000 ordinary shares. Repurchased shares will be held in treasury, with the programme expiring by July 2026 or at the 2026 AGM. The company plans to seek further shareholder approval for a similar authority at the 2026 AGM.
BuyBack
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
THG
THG Holdings PLC
Positive
Preliminary FY 2025 results
THG PLCs preliminary FY 2025 results show significant growth, with adjusted EBITDA ahead of guidance and a profit after tax of £54.1m. The company achieved broad-based continuing CCY revenue growth, with a record H2 performance. Key highlights include: - Full-year revenue growth of +2.3%, with H2 performance c.15% ahead of consensus. - Adjusted EBITDA of £76.6m, ahead of guidance and consensus. - Profit after tax of £54.1m, supported by disposals. - £162m gross debt reduction and £103m cash proceeds from the sale of Claremont Ingredients. - Strong start to FY 2026, with revenue and Adjusted EBITDA expectations unchanged. - Significant positive developments in the HMRC case regarding protein powder VAT treatment. The companys strategic initiatives, including the demerger of THG Ingenuity and the disposal of Claremont Ingredients, have simplified the group and strengthened its financial foundations. THG Beauty and THG Nutrition both delivered strong performances, with THG Beauty achieving a record Q4 and THG Nutrition expanding its offline and licensing channels. The company enters 2026 with strong trading momentum and a focus on material free cash flow delivery.
THG PLCs preliminary FY 2025 results show significant growth, with adjusted EBITDA ahead of guidance and a profit after tax of £54.1m. The company achieved broad-based continuing CCY revenue growth, with a record H2 performance. Key highlights include
Full-year revenue growth of +2.3%, with H2 performance c.15% ahead of consensus.
Adjusted EBITDA of £76.6mahead of guidance and consensus.
Profit after tax of £54.1msupported by disposals.
£162m gross debt reduction and £103m cash proceeds from the sale of Claremont Ingredients.
Strong start to FY 2026, with revenue and Adjusted EBITDA expectations unchanged.
Significant positive developments in the HMRC case regarding protein powder VAT treatment.
The companys strategic initiatives, including the demerger of THG Ingenuity and the disposal of Claremont Ingredients, have simplified the group and strengthened its financial foundations. THG Beauty and THG Nutrition both delivered strong performances, with THG Beauty achieving a record Q4 and THG Nutrition expanding its offline and licensing channels. The company enters 2026 with strong trading momentum and a focus on material free cash flow delivery.
Here is the comparison of financials and debt year on year presented as an HTML table:
MetricFY 2025FY 2024Change
Total Revenue£1,717.0m£1,751.4m-2.0%
Adjusted EBITDA£76.6m£83.3m-8.1%
Profit After Tax£54.1mLoss (£326.1m)N/A
Gross Debt Reduction£162mN/AN/A
Net Debt (before lease liabilities)£233.0m£304.3m-23.4%
Cash and Available Facilities£333mN/AN/A
**Key Observations:** - **Revenue:** Total revenue decreased by 2.0% from FY 2024 to FY 2025, but on a constant currency basis, it grew by 2.3%. - **Adjusted EBITDA:** Adjusted EBITDA decreased by 8.1%, primarily due to strategic investments and external headwinds. - **Profit After Tax:** The company moved from a significant loss in FY 2024 to a profit in FY 2025, supported by disposals. - **Debt Reduction:** Gross debt was reduced by £162m, and net debt decreased by 23.4%. - **Liquidity:** The company maintains strong liquidity with £333m in cash and available facilities.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
HSW
Hostelworld Group PLC
Positive
Preliminary results for the year ended 31 Dec 2025
Hostelworld Group PLC reported preliminary results for the year ended 31 December 2025, highlighting revenue acceleration, improved marketing efficiency, and a focus on expanding its social travel platform. Key financial metrics include a 2% year-on-year increase in full-year net revenue to €93.8 million, with a significant step-up in H2 2025, and adjusted EBITDA of €19.9 million, in line with consensus. The companys social network engagement grew, with 3.4 million members and an 81% increase in member messaging. Strategic initiatives included the successful launch of Elevate, driving higher commission rates, and the expansion of budget accommodation offerings. Financial highlights also include a 2% increase in net bookings to 7.0 million and a 2% rise in Net Average Booking Value to €13.43. The company maintained a disciplined capital allocation approach, with a closing cash position of €12.2 million and a total dividend of 2.40 € cent per share. Looking ahead, Hostelworld anticipates low double-digit revenue growth in 2026 and 2027, supported by its expanded platform and AI-driven capabilities.
Hostelworld Group PLC reported preliminary results for the year ended 31 December 2025, highlighting revenue acceleration, improved marketing efficiency, and a focus on expanding its social travel platform. Key financial metrics include a 2% year-on-year increase in full-year net revenue to €93.8 million, with a significant step-up in H2 2025, and adjusted EBITDA of €19.9 million, in line with consensus. The companys social network engagement grew, with 3.4 million members and an 81% increase in member messaging. Strategic initiatives included the successful launch of Elevate, driving higher commission rates, and the expansion of budget accommodation offerings. Financial highlights also include a 2% increase in net bookings to 7.0 million and a 2% rise in Net Average Booking Value to €13.43. The company maintained a disciplined capital allocation approach, with a closing cash position of €12.2 million and a total dividend of 2.40 € cent per share. Looking ahead, Hostelworld anticipates low double-digit revenue growth in 2026 and 2027, supported by its expanded platform and AI-driven capabilities.
Financial Metric20242025Change YoY
Generated Revenue (€m)91.593.8+2%
Net Revenue (€m)92.093.8+2%
Net Bookings (m)6.97.0+1%
Net Average Booking Value (€)13.2113.43+2%
Adjusted EBITDA (€m)21.819.9-9%
Adjusted Profit After Tax (€m)17.415.0-14%
Net Debt (€m)(2.0)1.6N/A
Cash Position (€m)8.212.2+50%
Direct Marketing as % of Revenue46%48%+2%
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TRB
Tribal Group plc
Positive
Preliminary Results year ended 31 December 2025
Tribal Group PLC, a leading provider of software and services to the international education market, reported strong preliminary results for the year ended 31 December 2025. Key highlights include: - **Revenue Growth**: Group revenue increased by 4% to £92.5 million, driven by a 3% growth in Student Information Systems (SIS) revenue and a 9% growth in Etio revenue. - **Adjusted EBITDA**: Adjusted EBITDA rose by 8% to £17.5 million, with an Adjusted EBITDA margin of 19%. - **Profitability**: Statutory profit before tax surged by 136% to £12.5 million, aided by reduced exceptional costs. - **Cash Position**: Net cash significantly improved to £11.4 million, up from a net debt of £3.2 million in 2024, reflecting strong cash flow performance. - **Recurring Revenue**: Annual Recurring Revenue (ARR) grew by 11% to £63.3 million, with recurring revenue comprising 86% of SIS revenue. - **Strategic Progress**: Successful launch of the Higher Education Full Service (HEFS) proposition, generating £2.7 million in incremental ARR, and significant new SIS wins, including London South Bank University and Durham University. - **Dividends**: Increased total dividend for the year to 2.8p per share, up 331%, including a special dividend of 1.5p per share. - **Outlook**: The company is well-positioned for continued growth, focusing on recurring revenue, cloud adoption, and leveraging AI opportunities in the education sector. Tribal Groups strong financial and operational performance in FY25 underscores its strategic progress and positions it for sustainable growth in the evolving education technology market.
Tribal Group PLC, a leading provider of software and services to the international education market, reported strong preliminary results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**Group revenue increased by 4% to £92.5 million, driven by a 3% growth in Student Information Systems (SIS) revenue and a 9% growth in Etio revenue.
**Adjusted EBITDA**Adjusted EBITDA rose by 8% to £17.5 million, with an Adjusted EBITDA margin of 19%.
**Profitability**Statutory profit before tax surged by 136% to £12.5 million, aided by reduced exceptional costs.
**Cash Position**Net cash significantly improved to £11.4 million, up from a net debt of £3.2 million in 2024, reflecting strong cash flow performance.
**Recurring Revenue**Annual Recurring Revenue (ARR) grew by 11% to £63.3 million, with recurring revenue comprising 86% of SIS revenue.
**Strategic Progress**Successful launch of the Higher Education Full Service (HEFS) proposition, generating £2.7 million in incremental ARR, and significant new SIS wins, including London South Bank University and Durham University.
**Dividends**Increased total dividend for the year to 2.8p per share, up 331%, including a special dividend of 1.5p per share.
**Outlook**The company is well-positioned for continued growth, focusing on recurring revenue, cloud adoption, and leveraging AI opportunities in the education sector.
Tribal Groups strong financial and operational performance in FY25 underscores its strategic progress and positions it for sustainable growth in the evolving education technology market.
Financial Metric2024 (Reported)2024 (Constant Currency)2025Year-on-Year Change (Constant Currency)
Revenue£90.0m£88.8m£92.5m4.2%
Adjusted EBITDA£16.7m£16.2m£17.5m8.1%
Net Cash/(Debt)Net Debt £3.2mNet Debt £3.2mNet Cash £11.4mSubstantial Improvement
Annual Recurring Revenue (ARR)£57.0m£57.0m£63.3m11.0%
Gross Revenue Retention (GRR)93%93%95%2.0pp Increase
Net Revenue Retention (NRR)106%106%108%2.0pp Increase
Free Cash Flow£7.3m£7.3m£16.1m120.5% Increase
Statutory Profit before Tax£5.9m£5.3m£12.5m135.8%
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PTEC
Playtech Plc
Positive
Final Results
Playtech PLC, a leading platform, content, and services provider in the online gambling industry, announced its final results for the year ended 31 December 2025. The company reported strong execution on its Americas strategy, upgrading its FY26 outlook after an excellent start. Key highlights include: - **Financial Performance**: Revenue declined by 10% to €763.6 million, and EBITDA decreased by 9% to €197.0 million, primarily due to the revised Caliente agreement. However, underlying software fees from Caliente grew strongly. - **Strategic Transactions**: Completed the sale of Snaitech for €2.3 billion, generating over €800 million in cash since ownership, and paid a special dividend of approximately €1.8 billion to shareholders. - **Americas Growth**: Key growth markets in the Americas performed ahead of expectations, with strong contributions from the US (revenue up ~100%) and Latin America, driven by investments in Caliente Interactive and Hard Rock Digital (HRD). - **Balance Sheet Strength**: Maintained a strong balance sheet, enabling investment and capital returns, including repurchasing 8.3% of issued share capital in H2 for €77 million. - **Outlook**: Expects FY26 Adjusted EBITDA to be ahead of current consensus expectations, despite regulatory headwinds in many markets. Operationally, Playtech reported under three segments: B2B, investment income, and B2C. The B2B segment saw revenue decline due to the Caliente agreement impact, but underlying performance was solid, especially in regulated markets. The Americas strategy showed strong progress, with significant revenue growth in the US and Canada, and expansion into new states. Live revenue increased, and SaaS revenues grew by 48%. Investment income was driven by the revised Caliente agreement, with Adjusted investment income of €61.8 million. Dividends from HRD totaled €10.3 million, reflecting strong growth. The B2C segment, now a lower strategic priority, saw revenue decline to €78.5 million, with Adjusted EBITDA losses narrowing to €6.2 million as the HAPPYBET business was wound down. Playtechs CEO, Mor Weizer, emphasized the companys transition to a focused B2B technology business, highlighting strong performance in the US and Latin America, and expressed confidence in achieving medium-term targets of €250-300 million in Adjusted EBITDA and €70-100 million in Free Cash Flow.
Playtech PLC, a leading platform, content, and services provider in the online gambling industry, announced its final results for the year ended 31 December 2025. The company reported strong execution on its Americas strategy, upgrading its FY26 outlook after an excellent start. Key highlights include
**Financial Performance**Revenue declined by 10% to €763.6 million, and EBITDA decreased by 9% to €197.0 million, primarily due to the revised Caliente agreement. However, underlying software fees from Caliente grew strongly.
**Strategic Transactions**Completed the sale of Snaitech for €2.3 billion, generating over €800 million in cash since ownership, and paid a special dividend of approximately €1.8 billion to shareholders.
**Americas Growth**Key growth markets in the Americas performed ahead of expectations, with strong contributions from the US (revenue up ~100%) and Latin America, driven by investments in Caliente Interactive and Hard Rock Digital (HRD).
**Balance Sheet Strength**Maintained a strong balance sheet, enabling investment and capital returns, including repurchasing 8.3% of issued share capital in H2 for €77 million.
**Outlook**Expects FY26 Adjusted EBITDA to be ahead of current consensus expectations, despite regulatory headwinds in many markets.
Operationally, Playtech reported under three segments: B2B, investment income, and B2C. The B2B segment saw revenue decline due to the Caliente agreement impact, but underlying performance was solid, especially in regulated markets. The Americas strategy showed strong progress, with significant revenue growth in the US and Canada, and expansion into new states. Live revenue increased, and SaaS revenues grew by 48%.
Investment income was driven by the revised Caliente agreement, with Adjusted investment income of €61.8 million. Dividends from HRD totaled €10.3 million, reflecting strong growth.
The B2C segment, now a lower strategic priority, saw revenue decline to €78.5 million, with Adjusted EBITDA losses narrowing to €6.2 million as the HAPPYBET business was wound down.
Playtechs CEO, Mor Weizer, emphasized the companys transition to a focused B2B technology business, highlighting strong performance in the US and Latin America, and expressed confidence in achieving medium-term targets of €250-300 million in Adjusted EBITDA and €70-100 million in Free Cash Flow.
Here is the comparison of financials and debt year on year in an HTML table format: 0
MetricFY2024FY2025Change
Revenue€848.0 million€763.6 million(10%)
EBITDA€217.5 million€197.0 million(9%)
Post-tax profit / (loss)€61.8 million€44.2 million(28%)
Net cash / (debt)Net debt of €142.8 millionNet cash of €28.5 millionn/a
B2B Revenue€754.3 million€688.3 million(9%)
B2B Adjusted EBITDA€222.0 million€141.4 million(36%)
Investment income€2.8 million€61.8 millionn/a
B2C Revenue€97.8 million€78.5 million(20%)
B2C Adjusted EBITDALoss of €7.3 millionLoss of €6.2 millionn/a
**Key Observations:** * **Revenue Decline:** Revenue decreased by 10% from FY2024 to FY2025, primarily due to the impact of the revised Caliente agreement and the sale of Snaitech. * **EBITDA Margin Compression:** EBITDA margin decreased from 25% in FY2024 to 26% in FY2025, driven by lower B2B EBITDA margins due to the revised Caliente agreement. * **Investment Income Growth:** Investment income significantly increased from €2.8 million in FY2024 to €61.8 million in FY2025, mainly due to the revised Caliente agreement and dividends from Hard Rock Digital. * **Debt Reduction:** The company transitioned from a net debt position of €142.8 million in FY2024 to a net cash position of €28.5 million in FY2025, primarily due to the proceeds from the Snaitech sale and the revised Caliente agreement. * **B2B Segment:** B2B revenue and EBITDA declined due to the revised Caliente agreement, but underlying performance excluding this impact showed growth in regulated markets. * **B2C Segment:** B2C revenue and EBITDA losses narrowed, reflecting the wind-down of HAPPYBET and the challenging UK market conditions.
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FTC
Filtronic
Positive
$8.0m contract win with US Company
Filtronic plc secures an $8.0m (£6.0m) contract with a US company to develop, manufacture, and qualify high-performance amplifier products for satellite communications. The contract, starting March 2026 and expected to complete in 2027, leverages Filtronics proprietary GaN-based and MMIC technologies, expanding its satellite communications offerings. This win underscores Filtronics leadership in advanced RF solutions for strategic markets like space, aerospace, defense, and telecoms infrastructure.
Filtronic plc secures an $8.0m (£6.0m) contract with a US company to develop, manufacture, and qualify high-performance amplifier products for satellite communications. The contract, starting March 2026 and expected to complete in 2027, leverages Filtronics proprietary GaN-based and MMIC technologies, expanding its satellite communications offerings. This win underscores Filtronics leadership in advanced RF solutions for strategic markets like space, aerospace, defense, and telecoms infrastructure.
NewContract
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POLN
Pollen Street PLC
Positive
Full Year 2025 Trading Update
**Summary:** Pollen Street Group Limiteds full-year 2025 trading update highlights significant growth and strategic achievements. The company reported a 30% increase in Total Assets Under Management (AUM) to £7.1 billion, with Fee-Paying AUM rising 32% to £5.2 billion. This growth was driven by successful fundraising in both Private Equity and Private Credit strategies, with flagship funds significantly outperforming targets. Financial performance was robust, with a 14% increase in Profit After Tax to £56.6 million and a 19% rise in Earnings Per Share (EPS) to 93.7p. The Asset Management segments share of net revenues grew to 71%, and the company deployed £1.6 billion across its strategies. Key highlights include the final close of Private Equity Fund V at €1.5 billion and Private Credit Fund IV reaching £1.8 billion, with further commitments expected. The company also declared a total dividend of 58.0 pence per share, 8% higher than the previous year, and reaffirmed its medium-term target of reaching £10 billion in Total AUM. CEO Lindsey McMurray attributed the success to strong fundraising, disciplined underwriting, and active portfolio management. The company remains focused on deploying capital, preparing for new investment strategies, and delivering sustainable value to investors and shareholders. Despite market challenges, Pollen Street Group demonstrated resilience, with its shares outperforming the FTSE 250 index in 2025. The companys strategic priorities for 2026 include continued deployment of capital, preparing for the next generation of investment strategies, and maintaining its progressive dividend policy. The Boards decision to adjust the allocation of Carried Interest in Private Credit Fund IV reflects the companys commitment to recognizing individual contributions and supporting long-term growth. Pollen Street Group enters 2026 with momentum, a robust pipeline, and confidence in its ability to capitalize on opportunities for sustainable growth.
**Summary**
Pollen Street Group Limiteds full-year 2025 trading update highlights significant growth and strategic achievements. The company reported a 30% increase in Total Assets Under Management (AUM) to £7.1 billion, with Fee-Paying AUM rising 32% to £5.2 billion. This growth was driven by successful fundraising in both Private Equity and Private Credit strategies, with flagship funds significantly outperforming targets.
Financial performance was robust, with a 14% increase in Profit After Tax to £56.6 million and a 19% rise in Earnings Per Share (EPS) to 93.7p. The Asset Management segments share of net revenues grew to 71%, and the company deployed £1.6 billion across its strategies.
Key highlights include the final close of Private Equity Fund V at €1.5 billion and Private Credit Fund IV reaching £1.8 billion, with further commitments expected. The company also declared a total dividend of 58.0 pence per share, 8% higher than the previous year, and reaffirmed its medium-term target of reaching £10 billion in Total AUM.
CEO Lindsey McMurray attributed the success to strong fundraising, disciplined underwriting, and active portfolio management. The company remains focused on deploying capital, preparing for new investment strategies, and delivering sustainable value to investors and shareholders.
Despite market challenges, Pollen Street Group demonstrated resilience, with its shares outperforming the FTSE 250 index in 2025. The companys strategic priorities for 2026 include continued deployment of capital, preparing for the next generation of investment strategies, and maintaining its progressive dividend policy.
The Boards decision to adjust the allocation of Carried Interest in Private Credit Fund IV reflects the companys commitment to recognizing individual contributions and supporting long-term growth. Pollen Street Group enters 2026 with momentum, a robust pipeline, and confidence in its ability to capitalize on opportunities for sustainable growth.
Financial Metric2025 (£m)2024 (£m)YoY Growth (%)
Total Assets Under Management (AUM)7.15.430%
Fee Paying AUM5.24.032%
Fund Management Income81.166.821%
Fund Management Administration Costs(49.4)(39.6)25%
Fund Management EBITDA31.727.217%
Income on Net Investment Assets32.931.84%
EBITDA64.659.010%
Profit After Tax56.649.614%
EPS (pence)93.778.819%
DPS (pence)58.053.68%
Debt Metric2025 (£m)2024 (£m)YoY Change (£m)
Interest-bearing borrowings (Current)121498(377)
Interest-bearing borrowings (Non-current)199,538187,76711,771
Total Interest-bearing borrowings199,659188,26511,394
**Year-on-Year Financial Comparison:** - **Assets Under Management (AUM):** Increased by 30% from £5.4 billion in 2024 to £7.1 billion in 2025. - **Fee Paying AUM:** Grew by 32% from £4.0 billion in 2024 to £5.2 billion in 2025. - **Fund Management Income:** Rose by 21% from £66.8 million in 2024 to £81.1 million in 2025. - **Fund Management EBITDA:** Increased by 17% from £27.2 million in 2024 to £31.7 million in 2025. - **Profit After Tax:** Climbed by 14% from £49.6 million in 2024 to £56.6 million in 2025. - **EPS:** Jumped by 19% from 78.8p in 2024 to 93.7p in 2025. - **DPS:** Increased by 8% from 53.6p in 2024 to 58.0p in 2025. **Debt Comparison:** - **Interest-bearing borrowings (Current):** Decreased by £377 million from £498 million in 2024 to £121 million in 2025. - **Interest-bearing borrowings (Non-current):** Increased by £11.771 billion from £187.767 billion in 2024 to £199.538 billion in 2025. - **Total Interest-bearing borrowings:** Increased by £11.394 billion from £188.265 billion in 2024 to £199.659 billion in 2025.
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SBAR
Sundae Bar Plc
Positive
Final Results for the Year Ended 30 September 2025
Sundae Bar PLC, an AI enterprise platform company, reported its final results for the year ended 30 September 2025. Key financial highlights include £2 million raised during AIM admission, total assets of £1.65 million, and an operating loss of £1.2 million. The company wrote down goodwill by £25 million due to the early stage of its platforms commercial development, but this adjustment did not impact cash, operations, or intellectual property. Strategic focus remains on enhancing platform functionality, expanding developer participation, securing enterprise partnerships, and increasing transaction activity. The company aims to convert its infrastructure into measurable commercial traction, with a pathway to value creation through recurring revenue generation. Despite the goodwill impairment, the board remains confident in the long-term opportunity and has established a conservative foundation for future growth.
Sundae Bar PLC, an AI enterprise platform company, reported its final results for the year ended 30 September 2025. Key financial highlights include £2 million raised during AIM admission, total assets of £1.65 million, and an operating loss of £1.2 million. The company wrote down goodwill by £25 million due to the early stage of its platforms commercial development, but this adjustment did not impact cash, operations, or intellectual property. Strategic focus remains on enhancing platform functionality, expanding developer participation, securing enterprise partnerships, and increasing transaction activity. The company aims to convert its infrastructure into measurable commercial traction, with a pathway to value creation through recurring revenue generation. Despite the goodwill impairment, the board remains confident in the long-term opportunity and has established a conservative foundation for future growth.
Financial Metric20242025Change
Total Assets (£)890,7461,645,194+84.7%
Cash and Cash Equivalents (£)610,642658,878+7.9%
Operating Loss (£)(2,359,423)(1,201,143)-49.1%
Goodwill Impairment (£)0(25,079,236)N/A
Net Loss (£)(2,358,491)(26,933,312)+1042.2%
Total Equity (£)841,4421,429,355+70.0%
Debt (£)49,304215,839+337.8%
### Explanation: 1. **Total Assets**: Increased significantly from £890,746 in 2024 to £1,645,194 in 2025, primarily due to the acquisition of Ora Technology Plc and other strategic investments. 2. **Cash and Cash Equivalents**: Modest increase from £610,642 to £658,878, reflecting careful cash management despite significant operational and acquisition costs. 3. **Operating Loss**: Decreased from £2,359,423 to £1,201,143, indicating improved operational efficiency despite the early stage of commercial development. 4. **Goodwill Impairment**: A significant impairment of £25,079,236 was recognized in 2025 due to the early stage of the platform's commercial development and limited revenue visibility. 5. **Net Loss**: Increased dramatically from £2,358,491 to £26,933,312, largely due to the goodwill impairment and other non-cash adjustments. 6. **Total Equity**: Increased from £841,442 to £1,429,355, reflecting the issuance of new shares and the revaluation of assets. 7. **Debt**: Increased significantly from £49,304 to £215,839, indicating higher short-term liabilities as the company scales its operations.
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80 Positive
MET1
Metals One PLC
Positive
Update re Lions Bay Resources Offer for Vantage
Lions Bay Resources (LBR) has made a significant step towards acquiring the Vantage Goldfields assets in South Africa for US$40 million, with a creditor meeting scheduled for April 9, 2026, to approve the rescue plan. Metals One Plc, which will own 30% of LBR upon conversion of its convertible loan notes, has a substantial investment exposure to LBR and its parent company, Lions Bay Capital Inc. (LBI). LBR has already deposited US$6 million and plans to secure the remaining US$30 million in escrow, with LBI exploring various funding options to complete the deal. The acquisition is part of LBRs strategy to create a vertically integrated gold business, leveraging the Vantage Assets historical gold resources and infrastructure. Metals Ones Managing Director, Daniel Maling, expressed optimism about the progress, highlighting the potential benefits of the acquisition, including access to cheap power and a gold concentrate roasting complex.
Lions Bay Resources (LBR) has made a significant step towards acquiring the Vantage Goldfields assets in South Africa for US$40 million, with a creditor meeting scheduled for April 9, 2026, to approve the rescue plan. Metals One Plc, which will own 30% of LBR upon conversion of its convertible loan notes, has a substantial investment exposure to LBR and its parent company, Lions Bay Capital Inc. (LBI). LBR has already deposited US$6 million and plans to secure the remaining US$30 million in escrow, with LBI exploring various funding options to complete the deal. The acquisition is part of LBRs strategy to create a vertically integrated gold business, leveraging the Vantage Assets historical gold resources and infrastructure. Metals Ones Managing Director, Daniel Maling, expressed optimism about the progress, highlighting the potential benefits of the acquisition, including access to cheap power and a gold concentrate roasting complex.
Offers
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OXB
Oxford BioMedica PLC
Positive
Preliminary results for the year ended 31 Dec 2025
**Summary:** Oxford Biomedica PLC (OXB) reported strong preliminary results for the year ended 31 December 2025, highlighting strategic execution, robust revenue growth, and positive Operating EBITDA. Key financial highlights include: - **Revenue Growth:** 33% increase to £170.9 million (constant currency), driven by growth in lentiviral vector GMP manufacturing, increased client progression, and expansion in procurement and storage services. - **Operating EBITDA:** Achieved a profit of £8.1 million (constant currency), up from a £15.3 million loss in 2024, reflecting revenue growth and cost management. - **Revenue Backlog:** Increased by 36% to £204 million, indicating strong future revenue potential. - **Strategic Expansion:** Acquired an FDA-approved commercial-scale viral vector manufacturing facility in Durham, NC, enhancing global CDMO capabilities. - **New Commercial Agreement:** Signed a multi-year agreement with Bristol Myers Squibb (BMS) for lentiviral vector manufacturing post-period. - **Financial Guidance:** Projected 2026 revenues of £220-240 million with a 10% Operating EBITDA margin, and medium-term revenue growth of 25-30% with margins rising to at least 20% by 2027. Operationally, OXB expanded its global CDMO network, improved efficiency, and strengthened its balance sheet through equity raises and loan facilities. The company also advanced its innovation efforts, particularly in AAV and lentiviral vector technologies, and enhanced its ESG commitments. The acquisition of the Durham facility and strategic partnerships underscore OXBs position as a global leader in cell and gene therapy CDMO services, poised for sustained growth and profitability.
**Summary**
Oxford Biomedica PLC (OXB) reported strong preliminary results for the year ended 31 December 2025, highlighting strategic execution, robust revenue growth, and positive Operating EBITDA. Key financial highlights include
**Revenue Growth** 33% increase to £170.9 million (constant currency), driven by growth in lentiviral vector GMP manufacturing, increased client progression, and expansion in procurement and storage services.
**Operating EBITDA** Achieved a profit of £8.1 million (constant currency), up from a £15.3 million loss in 2024, reflecting revenue growth and cost management.
**Revenue Backlog** Increased by 36% to £204 million, indicating strong future revenue potential.
**Strategic Expansion** Acquired an FDA-approved commercial-scale viral vector manufacturing facility in Durham, NC, enhancing global CDMO capabilities.
**New Commercial Agreement** Signed a multi-year agreement with Bristol Myers Squibb (BMS) for lentiviral vector manufacturing post-period.
**Financial Guidance** Projected 2026 revenues of £220-240 million with a 10% Operating EBITDA margin, and medium-term revenue growth of 25-30% with margins rising to at least 20% by 2027.
Operationally, OXB expanded its global CDMO network, improved efficiency, and strengthened its balance sheet through equity raises and loan facilities. The company also advanced its innovation efforts, particularly in AAV and lentiviral vector technologies, and enhanced its ESG commitments. The acquisition of the Durham facility and strategic partnerships underscore OXBs position as a global leader in cell and gene therapy CDMO services, poised for sustained growth and profitability.
Financial Metric20242025Year-on-Year Change
Revenue£128.8 million£170.9 million (CC)33% increase
Operating EBITDA£(15.3) million£8.1 million (CC)Profitability achieved
Underlying Operating EBITDA (excluding Durham gain)N/A£3.3 million (CC)New metric introduced
Revenue BacklogN/A£204 million36% increase
Contracted Value of Orders£186 million£224 million20% increase
Net Cash£20.6 million£55.4 million169% increase
Debt (Loans)£39.79 million£41.488 million4.3% increase
### Key Observations: 1. **Revenue Growth**: Revenue increased by 33% year-on-year, driven by growth in lentiviral vector GMP manufacturing, increased client progression through clinical development, and growth in procurement and storage services. 2. **EBITDA Improvement**: Operating EBITDA turned positive, achieving £8.1 million (CC) compared to a loss of £15.3 million in 2024, reflecting strong revenue growth and cost control. 3. **Debt Increase**: Debt increased slightly by 4.3%, primarily due to new loans drawn down and interest accruals. 4. **Cash Position**: Net cash position significantly improved, increasing by 169% to £55.4 million, supported by equity raises and improved operating performance. 5. **Order Book Strength**: Revenue backlog and contracted value of orders both increased substantially, indicating strong future revenue visibility and continued growth.
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RENX
Renalytix AI plc
Positive
Half-year Report
Renalytix PLC, a precision medicine diagnostics company, reported its Half Year Report for the six months ended 31 December 2025. Key highlights include: - Revenue growth to $1.6 million, up from $1.3 million in the same period last year. - Addition of 58 new practice sites across four active regions in the US. - Expansion to five fully integrated EHR systems, up from two in the prior year. - Initiation of eight new integrations to expand access for approximately 10,000 eligible patients. - Extension of data integration pipelines to leading EMR platforms, including Epic Systems, Athenahealth, and eClinicalWorks. - Reduction in underlying EBITDA loss year-on-year, reflecting disciplined cost management. - Commencement of transition to a new laboratory facility to enhance capacity and improve gross margin. - Raising of $9.5 million through an oversubscribed placing and retail offer at a premium to the prior 6-month share price. Post-period highlights include advancing contract discussions with major US diagnostic companies for national distribution, submission for publication of two-year outcomes data, progression of CE marking submission, and advancement of program milestones for inclusion in a major pharma drug trial. The companys CEO, James McCullough, emphasized the progress made in expanding clinical adoption, advancing integration-led deployment, strengthening the clinical utility program, and enhancing operational efficiency. The company expects revenue acceleration in the second half of FY26 and improved momentum into FY27. **Summary:** Renalytix PLC reported revenue growth, expanded its clinical network, and made progress in integration and operational efficiency. The company raised additional capital and is positioning itself for scaled growth through national distribution partnerships and inclusion in a major pharma drug trial.
Renalytix PLC, a precision medicine diagnostics company, reported its Half Year Report for the six months ended 31 December 2025. Key highlights include
Revenue growth to $1.6 million, up from $1.3 million in the same period last year.
Addition of 58 new practice sites across four active regions in the US.
Expansion to five fully integrated EHR systems, up from two in the prior year.
Initiation of eight new integrations to expand access for approximately 10,000 eligible patients.
Extension of data integration pipelines to leading EMR platforms, including Epic Systems, Athenahealth, and eClinicalWorks.
Reduction in underlying EBITDA loss year-on-year, reflecting disciplined cost management.
Commencement of transition to a new laboratory facility to enhance capacity and improve gross margin.
Raising of $9.5 million through an oversubscribed placing and retail offer at a premium to the prior 6-month share price.
Post-period highlights include advancing contract discussions with major US diagnostic companies for national distribution, submission for publication of two-year outcomes data, progression of CE marking submission, and advancement of program milestones for inclusion in a major pharma drug trial.
The companys CEO, James McCullough, emphasized the progress made in expanding clinical adoption, advancing integration-led deployment, strengthening the clinical utility program, and enhancing operational efficiency. The company expects revenue acceleration in the second half of FY26 and improved momentum into FY27.
**Summary** Renalytix PLC reported revenue growth, expanded its clinical network, and made progress in integration and operational efficiency. The company raised additional capital and is positioning itself for scaled growth through national distribution partnerships and inclusion in a major pharma drug trial.
Financial MetricHY26 (Dec 2025)HY25 (Dec 2024)Year-on-Year Change
Revenue$1.6 million$1.3 million23.1%
Commercial Test Revenue$1.1 million$1.2 million-8.3%
Life Sciences Revenue$0.5 million$0.1 million400%
Cost of Sales$0.8 million$0.8 million0%
Administrative Costs$7.9 million$8.0 million-1.3%
Operating Loss$7.1 million$7.5 million-5.3%
Underlying EBITDA Loss$6.4 million$7.2 million-11.1%
Cash and Cash Equivalents$6.1 million$3.6 million69.4%
Debt (Convertible Note)$4.7 million$8.2 million-42.7%
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
STG
Strip Tinning Holdings PLC
Positive
Final Results For Year Ended 31 December 2025
Strip Tinning Holdings PLC reported its financial results for the year ended 31 December 2025, showing a performance in line with market expectations. The company highlighted operational enhancements and a strong sales order book, positioning it for accelerated growth. Key financial highlights include total revenues of £8.6 million, a significant increase in Battery Technologies division sales to £2.1 million, and improved gross margins to 40.0%. Operationally, the company is well-positioned for growth, particularly in the Battery Technologies division, with an increasing order book and strong pipeline. The company also improved its cash position, generating £1.6 million in operating activities and reducing cash burn through cost and capex reductions. The outlook is positive, with expectations of being EBITDA positive from FY26 onwards and cash generative from FY27. The company is focused on delivering new projects and securing additional funding to support its growth initiatives.
Strip Tinning Holdings PLC reported its financial results for the year ended 31 December 2025, showing a performance in line with market expectations. The company highlighted operational enhancements and a strong sales order book, positioning it for accelerated growth. Key financial highlights include total revenues of £8.6 million, a significant increase in Battery Technologies division sales to £2.1 million, and improved gross margins to 40.0%. Operationally, the company is well-positioned for growth, particularly in the Battery Technologies division, with an increasing order book and strong pipeline. The company also improved its cash position, generating £1.6 million in operating activities and reducing cash burn through cost and capex reductions. The outlook is positive, with expectations of being EBITDA positive from FY26 onwards and cash generative from FY27. The company is focused on delivering new projects and securing additional funding to support its growth initiatives.
Financial Metric20242025Change
Total Revenues (£'000)9,0278,592-435
Battery Technologies Division Sales (£'000)1,0002,1001,100
Glazing Division Sales (£'000)8,0006,500-1,500
Gross Margins (%)33.1%40.0%6.9%
Adjusted EBITDA (£'000)(1,900)(500)1,400
Cash Generated from Operating Activities (£'000)(2,300)1,6003,900
Cash at Year End (£'000)512617105
Basic EPS (pence)(25.9)(11.6)14.3
Total Debt (£'000)6,6526,521-131
### Explanation: 1. **Total Revenues**: Decreased by £435,000 from £9,027,000 in 2024 to £8,592,000 in 2025. 2. **Battery Technologies Division Sales**: More than doubled from £1,000,000 in 2024 to £2,100,000 in 2025. 3. **Glazing Division Sales**: Decreased by £1,500,000 from £8,000,000 in 2024 to £6,500,000 in 2025. 4. **Gross Margins**: Improved from 33.1% in 2024 to 40.0% in 2025. 5. **Adjusted EBITDA**: Improved by £1,400,000 from a loss of £1,900,000 in 2024 to a loss of £500,000 in 2025. 6. **Cash Generated from Operating Activities**: Swung from a use of £2,300,000 in 2024 to a generation of £1,600,000 in 2025. 7. **Cash at Year End**: Increased by £105,000 from £512,000 in 2024 to £617,000 in 2025. 8. **Basic EPS**: Improved by 14.3 pence from a loss of 25.9 pence in 2024 to a loss of 11.6 pence in 2025. 9. **Total Debt**: Decreased by £131,000 from £6,652,000 in 2024 to £6,521,000 in 2025.
06:01
Open Terminal ↗ RNS Source
88 Trading Edge
III
3I Group PLC
Positive
Action Capital Markets Seminar & portfolio update
3i Group plc announces a capital markets seminar featuring Action, its largest portfolio company, with a live webcast at 10:00 UK time on March 26, 2026. Action reported strong 2025 financial results, with net sales of €16 billion and EBITDA of €2.367 billion, and continued growth in 2026, with net sales up 14.5% year-to-date. Guidance for 2026 includes 4-5% like-for-like sales growth, at least 400 new store openings, and a maintained EBITDA margin of 14.8%. Action plans to expand its European white space potential to 4,650 stores and aims to enter the U.S. market by 2027/2028. 3i’s overall portfolio performance remains encouraging, with resilience expected despite geopolitical challenges and opportunities in AI integration. Full-year results will be published in May.
3i Group plc announces a capital markets seminar featuring Action, its largest portfolio company, with a live webcast at 10:00 UK time on March 26, 2026. Action reported strong 2025 financial results, with net sales of €16 billion and EBITDA of €2.367 billion, and continued growth in 2026, with net sales up 14.5% year-to-date. Guidance for 2026 includes 4-5% like-for-like sales growth, at least 400 new store openings, and a maintained EBITDA margin of 14.8%. Action plans to expand its European white space potential to 4,650 stores and aims to enter the U.S. market by 2027/2028. 3i’s overall portfolio performance remains encouraging, with resilience expected despite geopolitical challenges and opportunities in AI integration. Full-year results will be published in May.
Metric20242025Change
Net Sales (€ million)13,79316,00016%
Operating EBITDA (€ million)2,0762,36714%
EBITDA Margin15.1%14.8%-0.3%
LFL Sales GrowthN/A4.9%N/A
Stores AddedN/A384N/A
Cash and Cash Equivalents (€ million)N/A900 (as of 22 March 2026)N/A

Year-to-Date (YTD) Comparison (Week 12)

Metric2025 (Week 12)2026 (Week 12)Change
Net Sales (€ billion)3.233.714.5%
LFL Sales GrowthN/A4.0%N/A
LFL Sales Growth ex-FranceN/A5.8%N/A
Stores AddedN/A24N/A

Guidance for 2026

MetricTarget
Like-for-like Sales Growth4-5%
Net Store Opening TargetAt least 400
EBITDA MarginMaintained at 14.8%
06:01
Open Terminal ↗ RNS Source
88 Trading Edge
AEO
Aeorema Communications Plc
Positive
Trading Update for the 18 Months Ended 31 Dec 2025
Aeorema Communications Plc reports strong financial performance for the 18 months ended December 2025, with revenue and profit ahead of expectations. Underlying profit before tax increased by 10% to £770,000, exceeding previous forecasts. The company secured record bookings for the Cannes Lions Advertising Festival and successfully expanded into the SXSW event in Austin, Texas. Operational efficiency improved following a restructuring program, and the new financial year started with significant momentum. Bank balances remained healthy, and the company maintained its progressive dividend policy. A share buyback program was initiated, with 260,500 shares purchased since January 2026. The outlook for 2026 is positive, supported by a strong pipeline of confirmed work and improved operational alignment. Audited results are expected in May 2026.
Aeorema Communications Plc reports strong financial performance for the 18 months ended December 2025, with revenue and profit ahead of expectations. Underlying profit before tax increased by 10% to £770,000, exceeding previous forecasts. The company secured record bookings for the Cannes Lions Advertising Festival and successfully expanded into the SXSW event in Austin, Texas. Operational efficiency improved following a restructuring program, and the new financial year started with significant momentum. Bank balances remained healthy, and the company maintained its progressive dividend policy. A share buyback program was initiated, with 260,500 shares purchased since January 2026. The outlook for 2026 is positive, supported by a strong pipeline of confirmed work and improved operational alignment. Audited results are expected in May 2026.
Metric18 Months to Dec 202518 Months to Dec 2024Change
Turnover£29,400,000£27,500,000+7.27%
Profit Before Tax (Reported)£410,000£318,000+28.93%
Underlying Profit Before Tax£770,000£318,000+142.14%
Bank Balance (as of announcement)£2.6 million£2.4 million+8.33%
Average Bank Balance (previous 12 months)£3 millionN/AN/A
06:01
Open Terminal ↗ RNS Source
84 Broker Upgrade
HHI
Henderson High Income Trust
Positive
Annual Financial Report
Henderson High Income Trust PLC reported strong financial results for the year ended 31 December 2025, with a total return performance of 20.4% for NAV and 22.6% for share price, outperforming the benchmark return of 20.6%. The companys net assets increased to £340.2 million, and the dividend for the year was 10.90p, marking the 13th consecutive year of dividend growth. The companys gearing decreased to 17.5%, and the ongoing charge for the year was 0.68%. The companys investment strategy, which favors equities over bonds, contributed positively to the performance, although equity stock selection in the second half of the year was a negative factor. The companys management fee was reduced to 0.45% of adjusted net assets from 1 January 2026. The company also continued its share buyback program, purchasing 2,622,692 shares in 2025, and the discount to NAV narrowed to 5.7%. The companys responsible investing approach, which integrates ESG factors into investment processes, was highlighted, and the companys voting decisions at general meetings were discussed. The companys prospects and outlook were positive, with the UK equity market expected to remain volatile but attractive in a global context. The companys focus on delivering a high level of income for shareholders while also aiming for capital growth over the longer term was reiterated.
Henderson High Income Trust PLC reported strong financial results for the year ended 31 December 2025, with a total return performance of 20.4% for NAV and 22.6% for share price, outperforming the benchmark return of 20.6%. The companys net assets increased to £340.2 million, and the dividend for the year was 10.90p, marking the 13th consecutive year of dividend growth. The companys gearing decreased to 17.5%, and the ongoing charge for the year was 0.68%. The companys investment strategy, which favors equities over bonds, contributed positively to the performance, although equity stock selection in the second half of the year was a negative factor. The companys management fee was reduced to 0.45% of adjusted net assets from 1 January 2026. The company also continued its share buyback program, purchasing 2,622,692 shares in 2025, and the discount to NAV narrowed to 5.7%. The companys responsible investing approach, which integrates ESG factors into investment processes, was highlighted, and the companys voting decisions at general meetings were discussed. The companys prospects and outlook were positive, with the UK equity market expected to remain volatile but attractive in a global context. The companys focus on delivering a high level of income for shareholders while also aiming for capital growth over the longer term was reiterated.
Financial Metric20242025Change
NAV per share (pence)174.72198.77+13.76%
Mid-market price per share (pence)162.50187.50+15.38%
Revenue return per share (pence)10.7411.28+5.03%
Net assets (£ million)303.2340.2+12.20%
Dividend for the year (pence)10.6010.90+2.83%
Dividend yield (%)6.55.8-10.77%
Ongoing charge for the year (%)0.740.68-8.11%
Gearing (%)21.017.5-16.67%
06:01
Open Terminal ↗ RNS Source
80 Positive
CHRT
Cohort
Positive
Contract Announcement
Cohort PLC announces that its Portuguese subsidiary, EID, has secured a €42.3M contract to supply Integrated Communication Systems (ICS) and Networks to the Portuguese Navy for their new fleet, including Supply and Offshore Patrol Vessels. The contract, to be delivered by 2029, strengthens Cohorts relationship with the Portuguese Navy and enhances its order book and future revenue visibility. This win, alongside a recent contract by EM Solutions, highlights Cohorts capabilities in supporting maritime modernization programs.
Cohort PLC announces that its Portuguese subsidiary, EID, has secured a €42.3M contract to supply Integrated Communication Systems (ICS) and Networks to the Portuguese Navy for their new fleet, including Supply and Offshore Patrol Vessels. The contract, to be delivered by 2029, strengthens Cohorts relationship with the Portuguese Navy and enhances its order book and future revenue visibility. This win, alongside a recent contract by EM Solutions, highlights Cohorts capabilities in supporting maritime modernization programs.
NewContract
06:01
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⚡ Live 2026-03-26 532 alerts
JSE
JSE Jadestone Energy Inc
17:26
Market

Successful Placement of Nordic Bond Issue

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PAG
PAG Paragon Banking Group PLC
17:23
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Transaction in Own Shares

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65ER
65ER 65ER
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CCHBC Finance B.V. - Pricing of Issue of Notes

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CCH
CCH Coca Cola HBC AG
17:19
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Pricing of Issue of Notes

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LGEN
LGEN Legal & General Group PLC
17:16
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Director/PDMR Shareholding

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0QT8
0QT8 Irish Residential Propertie…
17:14
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Director Declaration

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PAIM
PAIM PAIM
17:02
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Offer for Subscription – Offer Timetable

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SHEL
SHEL Shell plc
17:00
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Transaction in Own Shares

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FCH
FCH Funding Circle Holdings PLC
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DSH-Director/PDMR Shareholding

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LLOY
LLOY Lloyds Banking Group PLC
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Transaction in Own Shares

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MRC
MRC The Mercantile Investment T…
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Transaction in Own Shares - Replacement

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GJ03 GJ03
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ISM_MSIP_PARTIAL RETIREMENT_26-03-2026

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DO72
DO72 DO72
16:46
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ISM_MSESE_PARTIAL RETIREMENT_26-03-2026

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MONY
MONY MONY Group plc
16:46
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Transaction in Own Shares

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DO72
DO72 DO72
16:45
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ISM_MSESE_EARLY REDEMPTION_26-03-2026

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DO72
DO72 DO72
16:44
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ISM_MSESE_ RETIREMENT_26-03-2026

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FOXT
FOXT Foxtons Group Plc
16:44
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Transaction in Own Shares

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SDP
SDP Schroder Asia Pacific Fund
16:43
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Transaction in Own Shares

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71LF
71LF 71LF
16:42
Market

ISM_MSBV_PARTIAL RETIREMENT_26-03-2026

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SCF
SCF Schroder Income Growth Fund
16:42
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Transaction in Own Shares

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71LF
71LF 71LF
16:42
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ISM_MSBV_EARLY REDEMPTION_26-03-2026

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MGAM
MGAM Morgan Advanced Materials p…
16:40
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Director/PDMR Shareholding

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AUTO
AUTO Auto Trader Group plc
16:35
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Director/PDMR Shareholding

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SOI
SOI Schroder Oriental Income Fu…
16:35
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Transaction in Own Shares

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JD.
JD. JD.
16:34
Market

Transaction in Own Shares

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BRFI
BRFI BlackRock Frontiers Investm…
16:33
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Tender Offer update

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IMB
IMB Imperial Brands PLC
16:32
Market

Transaction in Own Shares

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VLX
VLX Volex Plc
16:31
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
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BRGE
BRGE BlackRock Greater Europe In…
16:30
Market

Transaction in Own Shares

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ALW
ALW Alliance Witan Ord
16:29
Market

Transaction in Own Shares

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ATT
ATT Allianz Technology Trust PLC
16:28
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Transaction in Own Shares

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CYN
CYN CQS Natural Resources Growt…
16:27
Market

Transaction in Own Shares

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PAY
PAY PayPoint plc
16:27
Market

Directorate Change

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BERI
BERI Blackrock Energy and Resour…
16:26
Market

Transaction in Own Shares

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FCIT
FCIT F&C Investment Trust PLC
16:24
Market

Transaction in Own Shares

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ABF
ABF Associated British Foods PLC
16:24
Market

Transaction in Own Shares

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SEIT
SEIT Sdcl Energy Efficiency Inco…
16:24
Market

TR-1 Notification of Major Holdings

TR1 Buy

TR1 Buy
['Saba Capital Management, L.P.', '0.108299', '0.095375']
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GCP
GCP GCP Infrastructure Investme…
16:22
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Transaction in Own Shares

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CCT
CCT Character Group
16:20
Market

Transaction in Own Shares and Total Voting Rights

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JEDT
JEDT JPMorgan Euro Small Compani…
16:20
Market

Transaction in Own Shares

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HVO
HVO hVIVO plc
16:20
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Octopus Investments Limited', '12.950000', '13.280000']
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HOC
HOC Hochschild Mining plc
16:19
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['BlackRock, Inc.', '4.930000', '5.190000']
Open Terminal Source RNS
SWG
SWG Shearwater Group plc
16:18
Market

Notification of major holdings

TR1 Buy

TR1 Buy
['Schroders PLC', '4.951801', '9.653166']
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AVCT
AVCT Avacta Group PLC
16:17
Market

Proposed Fundraise to raise approximately £10m

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FEML
FEML Fidelity Emerging Markets O…
16:17
Market

Transaction in Own Shares

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MGCI
MGCI M&G Credit Income Investmen…
16:16
Market

Transaction in Own Shares

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BHMG
BHMG BH Macro Limited
16:16
Market

Transaction in Own Shares

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NRR
NRR NewRiver REIT plc
16:14
Market

Director/PDMR Shareholding

The Company announces that on 25 March 2026, Allan Lockhart, Chief Executive Officer and Director of the Company, transferred 22,270 Ordinary Shares of one penny each into his SIPP. The transfer was effected through the sale of 22,270 Ordi…

The Company announces that on 25 March 2026, Allan Lockhart, Chief Executive Officer and Director of the Company, transferred 22,270 Ordinary Shares of one penny each into his SIPP. The transfer was effected through the sale of 22,270 Ordinary Shares at a price of 72.3629 pence and immediate re<mark style="background-color:yellow">purchase</mark> of 22,270 Ordinary Shares into his SIPP, at a price of 72.157 pence per share for 19,627 Ordinary Shares and 72.306 pence per share for 2,643 Ordinary Shares.
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AUSC
AUSC Abrdn UK Smaller Companies …
16:13
Market

Transaction in Own Shares

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ANII
ANII Aberdeen New India Investme…
16:12
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Transaction in Own Shares

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MTU
MTU Montanaro UK Smaller Compan…
16:12
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BNKR
BNKR Bankers Investment Trust
16:12
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Transaction in Own Shares

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FDR
FDR First Development Resources…
16:10
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['First Equity Limited', '6.250325', '5.388211']
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AGT
AGT AVI Global Trust PLC
16:10
Market

Transaction in Own Shares

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FCSS
FCSS Fidelity China Special Situ…
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Transaction in Own Shares

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EMAN
EMAN Everyman Media Group plc
16:09
Market

Notification of major holdings

TR1 Buy

TR1 Buy
['BGF Investment Management Limited', '1.974', '3.293']
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MRC
MRC The Mercantile Investment T…
16:08
Market

Transaction in Own Shares

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BGCG
BGCG Baillie Gifford China Growt…
16:08
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Transaction in Own Shares

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SAIN
SAIN Scottish American Investmen…
16:06
Market

Transaction in Own Shares

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IPF
IPF International Personal Fina…
16:06
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Barclays PLC', '6.310000', '5.970000']
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BGS
BGS Baillie Gifford Shin Nippon…
16:05
Market

Transaction in Own Shares

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DO72
DO72 DO72
16:05
Market

LAUNCH OF ACCELERATED PLACING OF SHARES IN HARBOUR

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STJ
STJ St. Jamess Place plc
16:05
Market

Director/PDMR Shareholding

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RMV
RMV Rightmove PLC
16:04
Market

Transaction in Own Shares

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HGT
HGT HG Capital Trust PLC
16:03
Market

Transaction in Own Shares

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EMAN
EMAN Everyman Media Group plc
16:02
Market

Notification of major holdings

TR1 Buy

TR1 Buy
['Omniplex Holdings Unlimited Company', '5.35', 0]
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BGEU
BGEU Baillie Gifford European Gr…
16:02
Market

Transaction in Own Shares

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TEM
TEM Templeton Emerging Markets …
16:02
Market

Transaction in Own Shares

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POLR
POLR Polar Capital Holdings plc
16:01
Market

Transaction in Own Shares

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IAD
IAD Invesco Asia Dragon Trust p…
16:01
Market

Transaction in Own Shares

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GSCT
GSCT The Global Smaller Companie…
16:00
Market

Transaction in Own Shares

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MIDW
MIDW Midwich Group PLC
16:00
Market

Issue of Equity & Total Voting Rights

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UEM
UEM Utilico Emerging Markets Ltd
15:59
Market

Transaction in Own Shares & Total Voting Rights

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GMET
GMET Guardian Metal Resources PLC
15:59
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Lars Bader', '3.48', '4']
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BGUK
BGUK Baillie Gifford UK Growth F…
15:59
Market

Transaction in Own Shares

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FEV
FEV Fidelity European Values
15:59
Market

Transaction in Own Shares

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BGFD
BGFD Baillie Gifford Japan Trust
15:58
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Transaction in Own Shares

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GMET
GMET Guardian Metal Resources PLC
15:58
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Duquesne Family Office LLC', '12.730000', '14.750000']
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GMET
GMET Guardian Metal Resources PLC
15:58
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['UCAM Limited', '24.44', '28.31']
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FGT
FGT Finsbury Growth & Income Tr…
15:58
Market

Transaction in Own Shares

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JFJ
JFJ JPMorgan Japanese Investmen…
15:58
Market

Transaction in Own Shares

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GMET
GMET Guardian Metal Resources PLC
15:57
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Purebond Limited', '5.025566', '6.992306']
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FSFL
FSFL Foresight Solar Fund Ltd
15:54
Market

Transaction in Own Shares

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TRCS
TRCS Tracsis Plc
15:52
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['CANACCORD GENUITY GROUP INC', '4.9437', '5.0314']
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FSTA
FSTA Fuller Smith & Turner
15:52
Market

Fuller, Smith & Turner PLC: Transaction in own shares

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WFR
WFR WFR
15:52
Market

Adjournment of Annual General Meeting

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CTHT
CTHT CTHT
15:52
Market

Director/PDMR Shareholding

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LSL
LSL LSL Property Services Plc
15:51
Market

Publication of Annual Report and Accounts 2025

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DIVI
DIVI Diverse Income Trust Ord
15:51
Market

Monthly Factsheet

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ASL
ASL Aberforth Smaller Companies…
15:49
Market

Transaction in Own Shares

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MNKS
MNKS Monks Investment Trust PLC
15:48
Market

Transaction in Own Shares

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STS
STS STS Global Income & Growth …
15:47
Market

Transaction in Own Shares

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BME
BME B&M European Value Retail SA
15:46
Market

Major Holding(s) in Company - TR1

TR1 Buy

TR1 Buy
['BlackRock, Inc.', '9.350000', '10.180000']
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AVCT
AVCT Avacta Group PLC
15:45
Market

Issue of Equity

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THRG
THRG Throgmorton Trust Plc
15:45
Market

Result of AGM

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GCL
GCL Geiger Counter Limited
15:40
Market

Update Regarding Resignation of Portfolio Managers

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ABDN
ABDN Abrdn PLC
15:39
Market

Notice of AGM

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CTHT
CTHT CTHT
15:39
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Director/PDMR Shareholding

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POLN
POLN Pollen Street PLC
15:38
Market

Director/PDMR Shareholding

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CTHT
CTHT CTHT
15:37
Market

Director/PDMR Shareholding

Sale of 2,843 shares and re<mark style="background-color:yellow">purchase</mark> of 2,823 shares

Sale of 2,843 shares and re<mark style="background-color:yellow">purchase</mark> of 2,823 shares
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CRDA
CRDA Croda International PLC
15:35
Market

Director/PDMR Shareholding

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XPS
XPS XPS Pensions Group PLC
15:35
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Aberdeen Group plc', '7.953678', '7.937781']
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THRG
THRG Throgmorton Trust Plc
15:35
Market

Result of General Meeting

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RIII
RIII Rights and Issues Investmen…
15:33
Market

Result of AGM

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SEA
SEA Seascape Energy Asia plc
15:32
Market

Result of Oversubscribed WRAP Retail Offer

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GNC
GNC Greencore Group
15:28
Market

Director/PDMR Shareholding

A <mark style="background-color:yellow">PURCHASE</mark> OF 43,000 ORDINARY SHARES OF £0.01 EACH IN GREENCORE GROUP PLC.

A <mark style="background-coloryellow">PURCHASE</mark> OF 43,000 ORDINARY SHARES OF £0.01 EACH IN GREENCORE GROUP PLC.
Open Terminal Source RNS
PBEE
PBEE Pensionbee Group PLC
15:28
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Mudita Advisors LLP ', ' 11.400000', '10.730000']
Open Terminal Source RNS
XTR
XTR Xtract Resources PLC
15:23
Market

Award of share options

Open Terminal Source RNS
SPX
SPX Spirax Group plc
15:18
Market

Director/PDMR Shareholding

Open Terminal Source RNS
CGT
CGT Capital Gearing Trust
15:16
Market

Investor Presentation via Investor Meet Company

Open Terminal Source RNS
BHMG
BHMG BH Macro Limited
15:16
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Evelyn Partners Limited', '15.014118', '14.000929']
Open Terminal Source RNS
CREI
CREI Custodian REIT PLC
15:14
Market

Custodian Property Income REIT plc: Share Buyback

Open Terminal Source RNS
PCFT
PCFT Polar Capital Global Financ…
15:14
Market

Result of AGM

Open Terminal Source RNS
ENOG
ENOG Energean Oil & Gas PLC
15:14
Market

Director/PDMR Shareholding

Open Terminal Source RNS
TRST
TRST Trustpilot Group PLC
15:11
Market

Director/PDMR Shareholding

Open Terminal Source RNS
IEM
IEM Impax Environmental Markets…
15:05
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Bank of America Corporation', '0.000000', '0.000000']
Open Terminal Source RNS
RMMC
RMMC River and Mercantile UK Mic…
15:04
Market

Continuation of Share Buyback Programme

River UK Micro Cap Limited announces the continuation of its share buyback programme, appointing Singer Capital Markets Securities Limited to manage the purchase of ordinary shares up to £2.0 million. The programme will buy shares at a dis…

River UK Micro Cap Limited announces the continuation of its share buyback programme, appointing Singer Capital Markets Securities Limited to manage the purchase of ordinary shares up to £2.0 million. The programme will buy shares at a discount of 8.0% to the most recent NAV per share, with repurchased shares held in treasury for potential cancellation. The initiative operates within the 14.99% general buyback authority approved at the 2026 AGM. The company confirms no inside information is held.
BuyBack
Open Terminal Source RNS
RM.
RM. RM.
15:04
Market

RM plc: 2025 Annual Report and Financial Statements and 2026 Annual General Meeting

Open Terminal Source RNS
BRLA
BRLA BlackRock Latin American In…
15:03
Market

Tender Offer

BlackRock Latin American Investment Trust plc (BRLA) announces a tender offer to shareholders, following underperformance against the MSCI EM Latin America Index and trading at an average discount to NAV. The offer allows shareholders to t…

BlackRock Latin American Investment Trust plc (BRLA) announces a tender offer to shareholders, following underperformance against the MSCI EM Latin America Index and trading at an average discount to NAV. The offer allows shareholders to tender up to 24.99% of issued share capital at a price reflecting cum-income NAV minus 2% and related costs. A revised discount control mechanism is introduced, offering a 100% tender opportunity if future performance conditions are not met. Shareholder approval is required at the 2026 AGM and a General Meeting on May 29, 2026. The tender offer is conditional on various factors, including continuation votes and compliance with regulations. The Board recommends shareholders vote in favor of the tender offer resolution.
Offers
Open Terminal Source RNS
OSEC
OSEC Octopus Aim VCT 2 PLC
15:01
Market

Issue of Equity and Total Voting Rights

Open Terminal Source RNS
OOA
OOA Octopus Aim Vct Plc
15:01
Market

Issue of Equity and Total Voting Rights

Open Terminal Source RNS
HSBA
HSBA HSBC Holdings PLC
15:01
Market

Director/PDMR Shareholding

Open Terminal Source RNS
HLCL
HLCL Helical Bar Plc
15:01
Market

Director/PDMR Shareholding

Open Terminal Source RNS
UTG
UTG Unite Group PLC
15:00
Market

2025 Annual Report and Notice of AGM

Open Terminal Source RNS
WKP
WKP Workspace Group PLC
14:59
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Saba Capital Management, L.P.', '0.183844', '0.162494']
Open Terminal Source RNS
WKP
WKP Workspace Group PLC
14:53
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Bank of America Corporation', '0.000000', '0.000000']
Open Terminal Source RNS
TET
TET Treatt PLC
14:53
Market

Result of AGM

Open Terminal Source RNS
BEZ
BEZ Beazley plc
14:52
Market

Form 8.3 - Amendment

Open Terminal Source RNS
SOU
SOU Sound Energy PLC
14:49
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Oil & Gas Investment Fund SAS', '11.63', '13.00']
Open Terminal Source RNS
RTO
RTO Rentokil Initial PLC
14:47
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of ordinary shares
Open Terminal Source RNS
RWS
RWS RWS Holdings PLC
14:42
Market

Director/PDMR Shareholding

Open Terminal Source RNS
SCF
SCF Schroder Income Growth Fund
14:41
Market

Dividend Declaration

Open Terminal Source RNS
PHAR
PHAR Pharos Energy plc
14:41
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Bradley Louis Radoff', '21.002000', '20.034000']
Open Terminal Source RNS
HAYD
HAYD Haydale Graphene Industries
14:40
Market

Result of AGM

Open Terminal Source RNS
ARBB
ARBB Arbuthnot Banking Group Plc
14:38
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of Ordinary shares
Open Terminal Source RNS
SEIT
SEIT Sdcl Energy Efficiency Inco…
14:36
Market

TR-1 Notification of Major Holdings

TR1 Buy

TR1 Buy
['Rathbones Investment Management Ltd', '4.912400', '9.995900']
Open Terminal Source RNS
MRC
MRC The Mercantile Investment T…
14:35
Market

Dividend Declaration

Open Terminal Source RNS
WYN
WYN Wynnstay Group Plc
14:32
Market

Director/PDMR Shareholding

Open Terminal Source RNS
NWG
NWG NatWest Group PLC
14:30
Market

Holding(s) in Company - Capital Group Companies

TR1 Buy

TR1 Buy
['The Capital Group Companies, Inc.', '4.991397', '5.005597']
Open Terminal Source RNS
JUST
JUST Just Group plc
14:26
Market

Form 8.3

Open Terminal Source RNS
OXA6
OXA6 OXA6
14:26
Market

Issuance of Securities

Open Terminal Source RNS
IPF
IPF International Personal Fina…
14:26
Market

Form 8.3

Open Terminal Source RNS
BEZ
BEZ Beazley plc
14:26
Market

Form 8.3

Open Terminal Source RNS
SDR
SDR Schroders PLC
14:26
Market

Form 8.3

Open Terminal Source RNS
LWI
LWI Lowland Investment Co
14:25
Market

Dividend Declaration

Open Terminal Source RNS
CRST
CRST Crest Nicholson Holdings plc
14:25
Market

Director/PDMR Shareholding

Open Terminal Source RNS
BRLA
BRLA BlackRock Latin American In…
14:23
Market

Final Results

**Summary:** BlackRock Latin American Investment Trust plc released its final results for the year ended 31 December 2025, highlighting a strong performance in Latin American equities, which outperformed other major regions with a return …

**Summary**
BlackRock Latin American Investment Trust plc released its final results for the year ended 31 December 2025, highlighting a strong performance in Latin American equities, which outperformed other major regions with a return of 54.8%. The companys net asset value (NAV) increased by 54.8% in US Dollar terms, matching the benchmark MSCI EM Latin America Index. The share price rose by 65.1% in US Dollar terms. Key financial metrics include net assets of US$170.5 million, net asset value per share of 578.96 US cents, and total revenue return of 28.85 cents per share. The company declared interim dividends totaling 26.59 cents per share, funded from current year revenue and reserves.
The Chairs statement emphasized Latin Americas diversification benefits and the regions strong performance driven by factors like falling inflation, easier monetary policy, and strong foreign inflows. The companys portfolio benefited from exposure to real estate, metals, and healthcare sectors, with notable contributions from companies like Cyrela Brazil Realty, Rede D’or Sao Luiz, and Ero Copper Corp.
The company introduced a revised discount control mechanism, offering shareholders a tender for up to 100% of their shares if the NAV does not outperform the benchmark over a four-year period. This mechanism aims to reduce the discount at which shares trade relative to NAV. The Board also agreed to cap operating charges at 1.3% of average net assets post-tender implementation.
Looking ahead, the company remains optimistic about Latin Americas prospects, citing easing inflation, attractive valuations, and the regions geopolitical neutrality. The Board expects the company to continue operating successfully, supported by its closed-end structure and long-term investment horizon.
Financial Metric20252024Change %
Net assets (US$’000)170,496115,962+47.0%
Net asset value per ordinary share (US$ cents)578.96393.78+47.0%
Ordinary share price (US$ cents)543.40348.17+56.1%
Discount6.1%11.6%-47.4%
Net profit after taxation (US$’000)8,4956,890+23.3%
Revenue earnings per ordinary share (US$ cents)28.8523.40+23.3%
Total dividends payable/paid (US$ cents)26.5924.70+7.7%
### Year-on-Year Comparison and Debt Analysis: - **Net Assets and NAV**: Both net assets and net asset value per share increased significantly by 47.0% in 2025 compared to 2024, reflecting strong portfolio performance. - **Share Price**: The ordinary share price increased by 56.1%, outpacing the increase in NAV, which led to a reduction in the discount from 11.6% to 6.1%. - **Profitability**: Net profit after taxation increased by 23.3%, driven by higher revenue earnings per share. - **Dividends**: Total dividends payable increased by 7.7%, indicating a steady return to shareholders. - **Debt**: The text does not explicitly mention debt levels, but the bank overdraft (a form of short-term debt) increased from US$6,769,000 in 2024 to US$17,889,000 in 2025, suggesting higher leverage or working capital needs. However, this is within the limits set by the overdraft facility agreement.
Open Terminal Source RNS
CNE
CNE Capricorn Energy PLC
14:21
Market

Form 8.3 - Capricorn Energy PLC

Open Terminal Source RNS
PCFT
PCFT Polar Capital Global Financ…
14:20
Market

Dividend Declaration

Open Terminal Source RNS
BYIT
BYIT Bytes Technology Ltd
14:16
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Coronation Fund Managers', '28.059335', '27.174423']
Open Terminal Source RNS
NCC
NCC NCC Group plc
14:06
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
RAT
RAT Rathbone Brothers PLC
14:06
Market

Form 8.3 - Picton Property Income Limited

Open Terminal Source RNS
LPA
LPA LPA Group
14:06
Market

Result of AGM

Open Terminal Source RNS
RAT
RAT Rathbone Brothers PLC
14:04
Market

Form 8.3 - LondonMetric Property Plc & Schroder Real Estate Investment Trust Limited

Open Terminal Source RNS
RAT
RAT Rathbone Brothers PLC
14:01
Market

Form 8.3 - Bluefield Solar Income Fund Ltd

Open Terminal Source RNS
IDOX
IDOX IDOX plc
14:01
Market

Form 8.3

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

Form 8.3 - LondonMetric PLC & Schroder REIT

Open Terminal Source RNS
ONT
ONT Oxford Nanopore Technologie…
14:01
Market

Block Admission Application

Open Terminal Source RNS
11JS
11JS 11JS
13:58
Market

Equity injection into the Anglian Water Services Group

Open Terminal Source RNS
RHIM
RHIM RHI Magnesita NV
13:55
Market

Notice of AGM

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:53
Market

Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

Open Terminal Source RNS
PXEN
PXEN Prospex Energy PLC
13:51
Market

Corporate Update & New Corporate Presentation

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:48
Market

Form 8.3 JUST GROUP PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:48
Market

Form 8.3 SPIRE HEALTHCARE GROUP PLC

Open Terminal Source RNS
71GA
71GA 71GA
13:48
Market

Equity Injection Received by Anglian Water Services Group

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:47
Market

Form 8.3 INTERNATIONAL PERSONAL FINANCE PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:47
Market

Form 8.3 NCC GROUP PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:47
Market

Form 8.3 JTC PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:47
Market

Form 8.3 IQE PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:47
Market

Form 8.3 LIFE SCIENCE REIT PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:47
Market

Form 8.3 BRITISH LAND COMPANY PLC, THE

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:47
Market

Form 8.5 EPT/Non RI SCHRODERS PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:47
Market

Form 8.5 EPT/Non RI CAB PAYMENTS HOLDINGS PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:46
Market

Form 8.5 EPT/Non RI SENIOR PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:46
Market

Form 8.5 EPT/Non RI PICTON PROPERTY INCOME LIMITED

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:46
Market

Form 8.5 EPT/Non RI BEAZLEY PLC

Open Terminal Source RNS
HSW
HSW Hostelworld Group PLC
13:46
Market

Issue of Shares

Open Terminal Source RNS
BIPS
BIPS Invesco Bond Income Plus Li…
13:46
Market

1st Interim Dividend

Open Terminal Source RNS
BOW
BOW Bow Street Group plc
13:44
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['First Equity Limited', '9.950150', '8.711909']
Open Terminal Source RNS
BOW
BOW Bow Street Group plc
13:41
Market

Holding(s) in Company

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

<mark style="background-coloryellow">TR1</mark> Buy
['Pentwater Capital Management LP', '', 0]
Open Terminal Source RNS
STEM
STEM SThree plc
13:38
Market

Director/PDMR Shareholding

Open Terminal Source RNS
PROC
PROC Procook Group PLC
13:33
Market

Director/PDMR Shareholding

Open Terminal Source RNS
STG
STG Strip Tinning Holdings PLC
13:30
Market

Investor Presentation

Open Terminal Source RNS
MHA
MHA Mha Ltd
13:29
Market

Declaration of Second Interim Dividend

Open Terminal Source RNS
IDOX
IDOX IDOX plc
13:29
Market

Form 8.3 - Amendment

Open Terminal Source RNS
IGN
IGN AB Ignitis grupe
13:21
Market

The Management Board of AB “Ignitis grupė” has been elected

Open Terminal Source RNS
CIC
CIC Conygar Investment Co PLC
13:17
Market

TR-1: Notification of Major Holdings

TR1 Buy

TR1 Buy
Open Terminal Source RNS
CHH
CHH Churchill China plc
13:09
Market

Notification of Major Holdings

TR1 Buy

TR1 Buy
['Raymond James Wealth Management Limited', '4.990000', '5.000000']
Open Terminal Source RNS
PRV
PRV Porvair plc
13:01
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of ordinary shares
Open Terminal Source RNS
BYIT
BYIT Bytes Technology Ltd
13:01
Market

Director Declaration

Open Terminal Source RNS
SHC
SHC Shaftesbury Capital PLC
13:01
Market

Director/PDMR Shareholding

Open Terminal Source RNS
NBB
NBB Norman Broadbent Plc
13:01
Market

Result of General Meeting

Open Terminal Source RNS
REL
REL Relx PLC
13:00
Market

Additional Listing

Open Terminal Source RNS
ROR
ROR Rotork PLC
12:56
Market

Director/PDMR Shareholding

Open Terminal Source RNS
CGEO
CGEO Georgia Capital PLC
12:55
Market

Cancellation of Treasury Shares

Open Terminal Source RNS
BFSP
BFSP Blackfinch Spring VCT PLC
12:49
Market

Issue of Equity

Open Terminal Source RNS
0Y71
0Y71 0Y71
12:46
Market

Result of AGM

Open Terminal Source RNS
MLVN
MLVN Malvern International
12:44
Market

Board Changes

Open Terminal Source RNS
GBG
GBG GB Group plc
12:39
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Bank of America Corporation', '0.000000', '0.000000']
Open Terminal Source RNS
SCSP
SCSP Seed Capital Solutions Plc
12:36
Market

Update re Proposed 4DM Acquisition

Open Terminal Source RNS
AET
AET Afentra PLC
12:34
Market

Opening Position Disclosure (Rule 8.1/8.2)

Open Terminal Source RNS
FGT
FGT Finsbury Growth & Income Tr…
12:32
Market

New Research

Open Terminal Source RNS
PAF
PAF Pan African Resources PLC
12:31
Market

Results of General Meeting & Salient Dates

Open Terminal Source RNS
MVI
MVI Marwyn Value Investors Limi…
12:31
Market

Share Transfer

Open Terminal Source RNS
WPHO
WPHO Windar Photonics Plc
12:31
Market

Issue of Equity in Lieu of Non-Executive Fees

Open Terminal Source RNS
MGNS
MGNS Morgan Sindall Group PLC
12:28
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
GLB
GLB Glanbia plc
12:27
Market

Director/PDMR Shareholding

Open Terminal Source RNS
XGDU
XGDU Xtrackers IE Physical Gold …
12:17
Market

Final Terms

Open Terminal Source RNS
JD.
JD. JD.
12:16
Market

Director/PDMR Shareholding

Open Terminal Source RNS
BEZ
BEZ Beazley plc
12:15
Market

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

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

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

Open Terminal Source RNS
JUST
JUST Just Group plc
12:13
Market

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

Open Terminal Source RNS
LMP
LMP LondonMetric Property Plc
12:12
Market

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

Open Terminal Source RNS
BLND
BLND British Land Company PLC
12:11
Market

Form 8.3 - The Vanguard Group, Inc.: British Land Company plc, The

Open Terminal Source RNS
XX80
XX80 XX80
12:06
Market

Publication of Listing Supplement

Open Terminal Source RNS
BRK
BRK Brooks Macdonald Group
12:06
Market

Form 8.3 - LondonMetric Property plc & Schroder

Open Terminal Source RNS
ROQ
ROQ Roquefort Investments PLC
12:01
Market

Investor Presentation

Open Terminal Source RNS
GWI
GWI Globalworth REIT
12:01
Market

S&P - 'BB' Rating affirmed

Open Terminal Source RNS
JUSC
JUSC JPmorgan US Smaller Compani…
11:59
Market

Directorate change

Open Terminal Source RNS
SFOR
SFOR S4 Capital PLC
11:59
Market

Director/PDMR Shareholding

On 24 March 2026, the Company received notification of the <mark style="background-color:yellow">purchase</mark> of 991,550 ordinary shares of £0.25 each by Rupert Roderick Faure Walker, a Non-Executive Director of the Company.

On 24 March 2026, the Company received notification of the <mark style="background-color:yellow">purchase</mark> of 991,550 ordinary shares of £0.25 each by Rupert Roderick Faure Walker, a Non-Executive Director of the Company.
Open Terminal Source RNS
TTE
TTE TotalEnergies SE
11:54
Market

TotalEnergies Publishes Its Sustainability & Climate 2026 Progress Report

Open Terminal Source RNS
JUST
JUST Just Group plc
11:38
Market

Form 8.3

Open Terminal Source RNS
JTC
JTC JTC PLC
11:36
Market

Form 8.3

Open Terminal Source RNS
IPF
IPF International Personal Fina…
11:34
Market

Form 8.3

Open Terminal Source RNS
CPIC
CPIC China Pacific Insurance (Gr…
11:33
Market

Publication of Annual Results Presentation

Open Terminal Source RNS
SSIT
SSIT Seraphim Space Investment T…
11:32
Market

Valuation Update - Xona Space Systems

Open Terminal Source RNS
AUGM
AUGM Augmentum Fintech PLC
11:32
Market

Form 8.3

Open Terminal Source RNS
IDOX
IDOX IDOX plc
11:30
Market

Form 8.3

Open Terminal Source RNS
PAIM
PAIM PAIM
11:29
Market

Issue of Equity

Open Terminal Source RNS
SDR
SDR Schroders PLC
11:29
Market

Form 8.3 - British Land Company Plc

Open Terminal Source RNS
BSIF
BSIF Bluefield Solar Income Fund
11:28
Market

Director Declaration

Open Terminal Source RNS
SDR
SDR Schroders PLC
11:27
Market

Form 8.3 - Schroder REIT,LondonMetric Property Plc

Open Terminal Source RNS
CPIC
CPIC China Pacific Insurance (Gr…
11:23
Market

Publication of Summaries of Solvency Reports

Open Terminal Source RNS
SDR
SDR Schroders PLC
11:23
Market

Form 8.3 - Picton Property Income Ltd

Open Terminal Source RNS
CNE
CNE Capricorn Energy PLC
11:19
Market

Form 8.3 - Capricorn Energy PLC

Open Terminal Source RNS
CPIC
CPIC China Pacific Insurance (Gr…
11:17
Market

CPIC 2025 Annual Report

Open Terminal Source RNS
ELCO
ELCO Eleco PLC
11:13
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Jupiter Fund Management PLC', '5.000000', '4.825000']
Open Terminal Source RNS
WATR
WATR Water Intelligence plc
11:11
Market

Transaction in Own Shares & Total Voting Rights

Open Terminal Source RNS
ELM
ELM Elementis PLC
11:10
Market

Notice of AGM and Annual Report & Accounts

Open Terminal Source RNS
CLIG
CLIG City Of London Investment G…
11:10
Market

EBT Share Purchase

Open Terminal Source RNS
ROQ
ROQ Roquefort Investments PLC
11:09
Market

Result of General Meeting

Open Terminal Source RNS
IRSH
IRSH IRSH
11:09
Market

Form 8.3 - Just Group plc

Open Terminal Source RNS
IRSH
IRSH IRSH
11:06
Market

Form 8.3 - NCC Group plc

Open Terminal Source RNS
IRSH
IRSH IRSH
11:03
Market

Form 8.3 - JTC plc

Open Terminal Source RNS
HTWS
HTWS Helios Towers Plc
11:01
Market

Director/PDMR Shareholding

Open Terminal Source RNS
CRH
CRH CRH PLC
11:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
IRSH
IRSH IRSH
10:59
Market

Form 8.3 - British Land Company plc

Open Terminal Source RNS
IRSH
IRSH IRSH
10:58
Market

Form 8.3 - Schroders plc

Open Terminal Source RNS
IRSH
IRSH IRSH
10:56
Market

Form 8.3 - Senior plc

Open Terminal Source RNS
IRSH
IRSH IRSH
10:55
Market

Form 8.3 - Beazley plc

Open Terminal Source RNS
0UKI
0UKI Bank of Nova Scotia
10:53
Market

Form 8.3 NCC Group Plc

Open Terminal Source RNS
0UKI
0UKI Bank of Nova Scotia
10:51
Market

Form 8.3 British Land Company plc

Open Terminal Source RNS
SCGL
SCGL Sealand Capital Galaxy Ltd
10:49
Market

Result of General Meeting

Open Terminal Source RNS
FLTR
FLTR Flutter Entertainment PLC
10:46
Market

Transaction in Own Shares

Open Terminal Source RNS
OGDC
OGDC OGDC
10:43
Market

GAS DISCOVERY AT SAHITO-1 EXPLORATORY WELL

Open Terminal Source RNS
MNG
MNG M&G Plc
10:40
Market

Form 8.3 - PERMANENT TSB GROUP HOLDINGS PLC

Open Terminal Source RNS
GJ03
GJ03 GJ03
10:31
Market

Form 8.5 (EPT/RI)-Replacement of Life Science REIT

Open Terminal Source RNS
PTSB
PTSB Permanent TSB Group Holding…
10:31
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['The Goldman Sachs Group, Inc.', '3.61', '3.61']
Open Terminal Source RNS
SEI
SEI Sintana Energy Inc.
10:27
Market

Sintana Announces Amendments to its By-Laws

Open Terminal Source RNS
ONWD
ONWD Onward Opportunities Ltd
10:26
Market

Update re Main Market Listing and Notice of AGM

Open Terminal Source RNS
INAC
INAC InvestAcc Group Limited
10:22
Market

Result of AGM

Open Terminal Source RNS
SRES
SRES Sunrise Resources Plc
10:17
Market

Voting at AGM

Open Terminal Source RNS
KYGA
KYGA Kerry Group
10:14
Market

Notice of 2026 AGM

Open Terminal Source RNS
SANB
SANB SANTANDER UK 8 5/8% NON-CUM…
10:13
Market

Admission to trading of Transferable Securities

Open Terminal Source RNS
MRO
MRO Melrose Industries PLC
10:10
Market

Notifications of Transactions of PDMR

Open Terminal Source RNS
MNG
MNG M&G Plc
10:04
Market

Notice of AGM

Open Terminal Source RNS
SGRO
SGRO Segro Plc
10:01
Market

Block Admission Application

Open Terminal Source RNS
IQE
IQE IQE PLC
10:01
Market

IQE plc: Holding(s) in Company

TR1 Buy

TR1 Buy
['Spreadex LTD', '0.087100', '0.087300']
Open Terminal Source RNS
HMSO
HMSO Hammerson PLC
10:01
Market

Annual Report and Notice of Annual General Meeting

Open Terminal Source RNS
LTI
LTI Lindsell Train Investment T…
10:00
Market

Monthly Report as at 28 February 2026

Open Terminal Source RNS
XR37
XR37 XR37
09:54
Market

Annual Financial Report

Open Terminal Source RNS
HGEN
HGEN Hydrogenone Capital Growth …
09:52
Market

Change of Venue and Time of General Meeting

Open Terminal Source RNS
HGEN
HGEN Hydrogenone Capital Growth …
09:50
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Philip J Milton & Company Plc', '12.740000', '10.940000']
Open Terminal Source RNS
INVP
INVP Investec PLC
09:48
Market

Form 8.5 (EPT/RI)-NCC Group plc

Open Terminal Source RNS
BEZ
BEZ Beazley plc
09:43
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
HAMA
HAMA Hamak Gold Ltd
09:42
Market

Director Dealing

Open Terminal Source RNS
GUN
GUN Gunsynd PLC
09:31
Market

Half-year Report

Open Terminal Source RNS
BEZ
BEZ Beazley plc
09:28
Market

Form 8.3

Open Terminal Source RNS
CKT
CKT Checkit PLC
09:27
Market

Form 8.3 - Checkit PLC

Open Terminal Source RNS
PSON
PSON Pearson PLC
09:22
Market

Notice of AGM

Open Terminal Source RNS
BWY
BWY Bellway PLC
09:19
Market

Holding(s) in Company

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

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Asset Management Holdings Inc.', 'Below minimum threshold', '4.759662']
Open Terminal Source RNS
MPE
MPE M.P.Evans Group
09:17
Market

Director/PDMR Shareholding

<mark style="background-color:yellow">Purchase</mark> of 10p shares in the capital of M.P. Evans Group PLC

<mark style="background-coloryellow">Purchase</mark> of 10p shares in the capital of M.P. Evans Group PLC
Open Terminal Source RNS
HHPD
HHPD Hon Hai Precision Industry …
09:14
Market

Subsidiary acquires equity and builds factory

Open Terminal Source RNS
BNC
BNC Banco Santander S.A.
09:13
Market

Buyback programme: transactions 19-25Mar

Open Terminal Source RNS
0H7D
0H7D Deutsche Bank AG NA O.N.
09:06
Market

Form 8.5 (EPT/RI) - Senior PLC

Open Terminal Source RNS
0H7D
0H7D Deutsche Bank AG NA O.N.
09:06
Market

Form 8.5 (EPT/RI) - JTC plc

Open Terminal Source RNS
0H7D
0H7D Deutsche Bank AG NA O.N.
09:05
Market

Form 8.5 (EPT/RI) -Internat Personal Finance plc

Open Terminal Source RNS
50OR
50OR 50OR
09:04
Market

Form 8.3 - JTC PLC

Open Terminal Source RNS
0H7D
0H7D Deutsche Bank AG NA O.N.
09:03
Market

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

Open Terminal Source RNS
SNR
SNR Senior PLC
09:03
Market

Director Declaration

Open Terminal Source RNS
GENL
GENL Genel Energy Plc
09:01
Market

Genel Energy PLC: Posting of Annual Report and Notice of AGM

Open Terminal Source RNS
GENL
GENL Genel Energy Plc
09:01
Market

Genel Energy PLC: Report on payments to governments for the year 2025

Open Terminal Source RNS
IPO
IPO IP Group
09:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Bank of America Corporation', '0.000000', '0.000000']
Open Terminal Source RNS
HBR
HBR Harbour Energy PLC
09:01
Market

Publication of 2025 Annual Report and AGM Notice

Open Terminal Source RNS
BPT
BPT Bridgepoint Group Plc
09:01
Market

Annual Report and Accounts and Notice of AGM

Open Terminal Source RNS
MGAM
MGAM Morgan Advanced Materials p…
08:54
Market

Annual Financial Report

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

Transaction in Own Shares

Open Terminal Source RNS
PRU
PRU Prudential plc
08:44
Market

Annual Financial Report

Open Terminal Source RNS
VLG
VLG Venture Life Group PLC
08:34
Market

Investor Presentation via Investor Meet Company

Open Terminal Source RNS
BGUK
BGUK Baillie Gifford UK Growth F…
08:32
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Allspring Global Investments Holdings.', '4.920000', '5.003000']
Open Terminal Source RNS
17WI
17WI 17WI
08:29
Market

Pre Stabilisation Notice BKIR 8NC7 Senior HoldCo

Open Terminal Source RNS
HSW
HSW Hostelworld Group PLC
08:27
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Huntington Management, LLC', '5.000600', 0]
Open Terminal Source RNS
BRFI
BRFI BlackRock Frontiers Investm…
08:20
Market

Portfolio Update

BlackRock Frontiers Investment Trust PLC released its portfolio update as of February 28, 2026, highlighting strong performance across various metrics. The trusts net asset value (NAV) returned +0.7% in February, aligning with its benchmar…

BlackRock Frontiers Investment Trust PLC released its portfolio update as of February 28, 2026, highlighting strong performance across various metrics. The trusts net asset value (NAV) returned +0.7% in February, aligning with its benchmark, the MSCI Frontier + Emerging ex Selected Countries Index (+0.5%). Key markets like Thailand (+20.5%), Oman (+19.7%), and Kenya (+13.1%) drove gains, while Colombia (-12.2%) and Pakistan (-8.7%) underperformed. Top contributors included Kenyan banks KCB Group and Equity Group, Thai retailer CP All, and Philippine gaming company Digiplus. Detractors were led by IT services firm EPAM, Argentinian oil company YPF, and Saudi digital platform Derayah. Portfolio adjustments included increasing stakes in Kazakh fintech Kaspi and initiating Bank of the Philippine Islands, while exiting Ayala and LPP. The trust remains optimistic about smaller emerging and frontier markets, citing easing inflation, stable U.S. bond yields, and attractive valuations as supportive factors for future growth.
Metric20252026Change
Total Assets (£m)326.6N/AN/A
Net Asset Value (US Dollar, cum income)268.30c268.30c0.00%
Net Asset Value (Sterling, cum income)199.56p199.56p0.00%
Share Price (Sterling)206.00pN/AN/A
Premium to cum-income NAV (%)3.2%N/AN/A
GearingNilNilN/A
Net Yield (%)3.6%N/AN/A
Ongoing Charges (%)1.42%N/AN/A
Ongoing Charges + Taxation and Performance Fee (%)2.87%N/AN/A
Market Exposure - Long (%)110.9 (Dec 2025)121.3 (Feb 2026)+9.36%
Market Exposure - Short (%)1.9 (Dec 2025)2.0 (Feb 2026)+5.26%
Market Exposure - Gross (%)112.8 (Dec 2025)123.3 (Feb 2026)+9.31%
Market Exposure - Net (%)109.0 (Dec 2025)119.3 (Feb 2026)+9.45%
**Note:** The table compares available financial data from 2025 to 2026. Some metrics (e.g., Total Assets, Share Price, Premium to cum-income NAV, Net Yield, Ongoing Charges) do not have 2026 data available, hence marked as "N/A". Market Exposure data is compared between December 2025 and February 2026.
Open Terminal Source RNS
GJ03
GJ03 GJ03
08:19
Market

Form 8.5 (EPT/RI) - Schroders plc

Open Terminal Source RNS
DO72
DO72 DO72
08:13
Market

Form 8.5 (EPT/NON-RI) - Schroders plc

Open Terminal Source RNS
GJ03
GJ03 GJ03
08:12
Market

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

Open Terminal Source RNS
65ER
65ER 65ER
08:11
Market

CCHBC Finance B.V. - Launch of Issue of Notes

Open Terminal Source RNS
DO72
DO72 DO72
08:09
Market

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

Open Terminal Source RNS
CCH
CCH Coca Cola HBC AG
08:06
Market

Launch of Issue of Notes

Coca-Cola HBC AG, through its subsidiary Coca-Cola HBC Finance B.V., announced the launch of a triple tranche Euro-denominated fixed-rate issue of Notes with maturities of 2.5, 4.5, and 7.5 years. The Notes, guaranteed by Coca-Cola HBC AG,…

Coca-Cola HBC AG, through its subsidiary Coca-Cola HBC Finance B.V., announced the launch of a triple tranche Euro-denominated fixed-rate issue of Notes with maturities of 2.5, 4.5, and 7.5 years. The Notes, guaranteed by Coca-Cola HBC AG, are part of a €10 billion Euro Medium Term Note Programme. Proceeds will fund general financing needs and the cash component of the acquisition of Coca-Cola Beverages Africa, expected to complete by year-end 2026. The Notes will be listed on the London Stock Exchange, with details available in the Prospectus. The offering is not available to U.S. investors.
Launch
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GROW
GROW Draper Esprit PLC
08:06
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
AMGO
AMGO Amigo Holdings PLC
08:01
Market

Proposed Joint Development Agreement

Im unable to provide a summary without the text.

Im unable to provide a summary without the text.
Agreement
Open Terminal Source RNS
SVS
SVS Savills
07:58
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of Ordinary Shares
Open Terminal Source RNS
SDR
SDR Schroders PLC
07:49
Market

Form 8.3

Open Terminal Source RNS
STAN
STAN Standard Chartered PLC
07:37
Market

Overseas Regulatory Announcement

Open Terminal Source RNS
ADVT
ADVT AdvancedAdvT Ltd
07:19
Market

Purchase of Own Shares

Open Terminal Source RNS
BCG
BCG Baltic Classifieds Group PLC
07:19
Market

Transaction in Own Shares

Open Terminal Source RNS
IRSH
IRSH IRSH
07:18
Market

Banco Comercial Português informs on Annual Report 2025

Open Terminal Source RNS
GJ03
GJ03 GJ03
07:16
Market

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

Open Terminal Source RNS
FL78
FL78 FL78
07:08
Market

Issue of EUR denominated domestic public bonds

Open Terminal Source RNS
DO72
DO72 DO72
07:06
Market

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

Open Terminal Source RNS
ABDN
ABDN Abrdn PLC
07:01
Market

Governance Changes

Open Terminal Source RNS
INVP
INVP Investec PLC
07:01
Market

Investec Limited Share Purchases

Open Terminal Source RNS
WEIR
WEIR Weir Group PLC
06:35
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['The Capital Group Companies, Inc.', '13.057358', '12.309569']
Open Terminal Source RNS
POLN
POLN Pollen Street PLC
06:31
Market

Dividend Declaration

Open Terminal Source RNS
REE
REE Altona Rare Earths PLC
06:31
Market

Issue of Equity and Exercise of Warrants

Open Terminal Source RNS
46RP
46RP 46RP
06:16
Market

Shirine Khoury-Haq to leave Co-op.

Open Terminal Source RNS
WIZZ
WIZZ Wizz Air Holdings PLC
06:16
Market

Holding(s) in Company

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

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Chase & Co.', 'Below minimum threshold', '0.894083']
Open Terminal Source RNS
0A3F
0A3F 0A3F
06:11
Market

Net Asset Value(s)

Open Terminal Source RNS
0A3D
0A3D iShares VII Public Limited …
06:11
Market

Net Asset Value(s)

Open Terminal Source RNS
0A3E
0A3E 0A3E
06:11
Market

Net Asset Value(s)

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

Net Asset Value(s)

Open Terminal Source RNS
0A3G
0A3G 0A3G
06:11
Market

Net Asset Value(s)

Open Terminal Source RNS
HE1
HE1 Helium One Global Ltd
06:11
Market

WRAP Retail Offer Targeting £1,000,000

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

Transaction in Own Shares

Open Terminal Source RNS
SML
SML Strategic Minerals Plc
06:06
Market

Redmoor - Updated Economic Sensitivity Analysis

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

<mark style="background-coloryellow"></mark>
Open Terminal Source RNS
HE1
HE1 Helium One Global Ltd
06:06
Market

Fundraise of £3.5 million and Retail Offer

Open Terminal Source RNS
APTA
APTA Aptamer Group PLC
06:06
Market

Retail Offer to raise up to £0.5 million

Open Terminal Source RNS
CWR
CWR Ceres Power Holdings PLC
06:03
Market

Ceres and Centrica sign a strategic partnership

Ceres Power Holdings plc and Centrica plc have signed a strategic partnership to accelerate the deployment of solid oxide on-site power solutions across the UK and Europe. The collaboration aims to address the growing gap between electrici…

Ceres Power Holdings plc and Centrica plc have signed a strategic partnership to accelerate the deployment of solid oxide on-site power solutions across the UK and Europe. The collaboration aims to address the growing gap between electricity demand and grid capacity by providing high-efficiency, low-carbon, grid-independent power solutions for commercial and industrial customers, including data centers, AI hubs, and manufacturing facilities. Centrica will leverage Ceres advanced Solid Oxide Fuel Cell (SOFC) and Solid Oxide Electrolysis Cell (SOEC) technologies, combined with its energy supply and trading expertise, to offer scalable, fuel-flexible power generation. The partnership also explores integrating Ceres SOEC technology with Centricas AMR program to produce green hydrogen, supporting the UKs clean energy strategy. This initiative promises faster deployment, long-term cost certainty, and reduced carbon emissions, while easing pressure on the grid and fostering economic growth.
Partner
Open Terminal Source RNS
INPP
INPP International Public Partne…
06:03
Market

Transaction in Own Shares

Open Terminal Source RNS
BEZ
BEZ Beazley plc
06:02
Market

Publication of the Scheme Document

Open Terminal Source RNS
AEO
AEO Aeorema Communications Plc
06:02
Market

Experiential Agency of the Year at 2026 CNA Awards

Open Terminal Source RNS
INPP
INPP International Public Partne…
06:02
Market

2025 Final Interim Dividend

Open Terminal Source RNS
PPP
PPP Pennpetro Energy Plc
06:02
Market

Operational update

Open Terminal Source RNS
PIN
PIN Pantheon International PLC
06:02
Market

Performance Update at 28 February 2026

Open Terminal Source RNS
0QT8
0QT8 Irish Residential Propertie…
06:01
Market

Appointment and Retirement of Non-Executive Directors

Open Terminal Source RNS
GROW
GROW Draper Esprit PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
CWR
CWR Ceres Power Holdings PLC
06:01
Market

Final results for the year ended 31 December 2025

**Summary:** Ceres Power Holdings plc, a UK-based clean energy technology developer, reported its final results for the year ended 31 December 2025. Key financial highlights include a strong cash position of £83.3 million, revenue of £32.…

**Summary**
Ceres Power Holdings plc, a UK-based clean energy technology developer, reported its final results for the year ended 31 December 2025. Key financial highlights include a strong cash position of £83.3 million, revenue of £32.6 million (down 37% from 2024), and a gross profit of £22.7 million with a sector-leading gross margin of 70%. The company generated its first royalties, marking a significant milestone. Strategic achievements include manufacturing license agreements with Weichai in China and Delta in Taiwan, factory production by Doosan in South Korea, and testing of solid oxide electrolysis demonstrators in Japan and India. Ceres implemented a business transformation plan to accelerate commercial opportunities, aiming for 20% operating cost savings in 2026. The companys contracted revenue for 2026 is approximately £45 million before new business. Despite challenges like Boschs withdrawal and a hydrogen market slowdown, Ceres remains focused on commercial growth, particularly in power markets for data centers, commercial buildings, and industrial applications. The company is well-positioned for future growth in both power and hydrogen markets.
Here is the HTML table code comparing the financials and debt year on year for Ceres Power Holdings plc: tr>
Financial Metric2025 (£'000)2024 (£'000)Change (£'000)Change (%)
Total Revenue32,64351,891(19,248)(37%)
Gross Profit22,70440,164(17,460)(43%)
Adjusted EBITDA Loss(32,522)(22,287)(10,235)46%
Operating Loss(47,621)(31,317)(16,304)52%
Net Cash and Investments83,272102,465(19,193)(19%)
Net Cash Used in Operating Activities(20,070)(35,941)15,871(44%)
**Key Observations:** * **Revenue Decline:** Total revenue decreased by 37% from £51.89 million in 2024 to £32.64 million in 2025, primarily due to the timing of revenues recognized in 2024 related to technology transfers. * **Gross Profit Margin Compression:** Gross profit margin decreased from 77% in 2024 to 70% in 2025, despite maintaining a strong margin, due to the lower revenue base. * **Increased Losses:** Adjusted EBITDA loss and operating loss both increased significantly in 2025, driven by the decline in revenue and increased operating costs. * **Reduced Cash Outflow:** Net cash used in operating activities decreased by 44% from £35.94 million in 2024 to £20.07 million in 2025, reflecting disciplined cash management. * **Strong Cash Position:** Despite the reduced cash outflow, the company maintained a strong cash and investments position of £83.27 million in 2025, down from £102.47 million in 2024. **Note:** The table does not include debt information as it is not explicitly mentioned in the provided text. However, the company's strong cash position and reduced cash outflow suggest a relatively healthy financial position.
Open Terminal Source RNS
CER
CER Cerillion PLC
06:01
Market

Achieves "Diamond-level" Open API Certification

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

Launch of Mobile App

Virgin Wines UK PLC launches its first mobile app on iOS and Android, enhancing customer experience with personalized features like a "wine cellar" for tracking purchases and preferences, exclusive offers, and Virgin Points rewards. The ap…

Virgin Wines UK PLC launches its first mobile app on iOS and Android, enhancing customer experience with personalized features like a "wine cellar" for tracking purchases and preferences, exclusive offers, and Virgin Points rewards. The app aligns with the companys medium-term growth strategy, aiming to boost engagement, sales, and customer acquisition. CEO Jay Wright highlights the apps role in simplifying wine exploration and strengthening customer relationships.
Launch
Open Terminal Source RNS
DOTD
DOTD Dotdigital Group Plc
06:01
Market

Appointment of Chief Revenue Officer

Open Terminal Source RNS
PLSR
PLSR Pulsar Helium Inc.
06:01
Market

Join Pulsar CEO Q&A via Investor Meet Company

Open Terminal Source RNS
AVG
AVG Avingtrans Plc
06:01
Market

Scientific Magnetics Ships 20th Quantum Magnet

Avingtrans PLC announces that its subsidiary, Scientific Magnetics Ltd, has shipped its 20th superconducting magnet for quantum computing applications, marking a significant milestone. This achievement aligns with the UK governments £2.5 b…

Avingtrans PLC announces that its subsidiary, Scientific Magnetics Ltd, has shipped its 20th superconducting magnet for quantum computing applications, marking a significant milestone. This achievement aligns with the UK governments £2.5 billion investment in AI and quantum technologies, aimed at scaling quantum computing and creating 100,000 jobs. Scientific Magnetics, with over 30 years of expertise, is well-positioned as a key supplier of precision magnet systems for quantum computers, with 18 more systems in production and a strong order book. The company also develops advanced magnet systems for MRI, scientific research, and medical physics, contributing to the growing quantum computing industry.
full
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VEIL
VEIL Vietnam Enterprise Investme…
06:01
Market

Investor Presentation

Open Terminal Source RNS
HE1
HE1 Helium One Global Ltd
06:01
Market

Galactica Project Update

Open Terminal Source RNS
CKT
CKT Checkit PLC
06:01
Market

Commencement of Formal Sale Process

Open Terminal Source RNS
MRK
MRK Marks Electrical Group PLC
06:01
Market

Pre Close Trading Update & Board Change

Marks Electrical Group plc released a pre-close trading update for FY26, reporting robust H2 revenue (+4.7% vs H1), with expected FY26 sales of £108.5m (FY25: £117.2m) due to focus on margin-enhancing strategies. Adjusted EBITDA is project…

Marks Electrical Group plc released a pre-close trading update for FY26, reporting robust H2 revenue (+4.7% vs H1), with expected FY26 sales of £108.5m (FY25: £117.2m) due to focus on margin-enhancing strategies. Adjusted EBITDA is projected to exceed £2m, surpassing consensus, supported by cost rationalization and operational efficiencies. Cash is expected to close between £3.5m-£4.0m, reflecting strong working capital management. Tom Pallatt appointed as permanent CFO from April 1, 2026, bringing extensive finance experience. CEO Mark Smithson highlighted strong momentum and compliance with CMA investigations. The company remains committed to consumer and competition laws.
MetricFY25FY26Change
Revenue (£m)117.2108.5-7.4%
Adjusted EBITDA (£m)N/A>2.0N/A
Cash (£m)N/A3.5-4.0N/A
**Notes:** - Revenue decreased by 7.4% year-on-year, from £117.2m in FY25 to £108.5m in FY26. - Adjusted EBITDA for FY26 is expected to be in excess of £2.0m, but no comparative figure is provided for FY25. - Cash is expected to close in the range of £3.5m-£4.0m in FY26, but no comparative figure is provided for FY25.
Open Terminal Source RNS
IXI
IXI IXICO PLC
06:01
Market

Collaboration with Medidata

Open Terminal Source RNS
OMI
OMI Orosur Mining Inc
06:01
Market

43-101 technical report for its Anza Project

Open Terminal Source RNS
NANO
NANO Nanoco Group plc
06:01
Market

Shoei Litigation Conclusion

Nanoco Group PLC and Shoei Chemical Inc. have settled their ongoing litigation with a definitive agreement. Neither party will pay compensation, and both will cover their own costs. Nanoco agrees not to sue Shoei, its customers, or supplie…

Nanoco Group PLC and Shoei Chemical Inc. have settled their ongoing litigation with a definitive agreement. Neither party will pay compensation, and both will cover their own costs. Nanoco agrees not to sue Shoei, its customers, or suppliers for using Nanocos Quantum Dot (QD) patents in the display field for existing and new patents over the next three years. Shoei agrees not to sue Nanoco, its customers, or suppliers for using Shoeis QD patents in the sensing field for existing and new patents over the same period. All other terms of the agreement remain confidential.
Litigation
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PPP
PPP Pennpetro Energy Plc
06:01
Market

Potential Return to Production in Texas

Open Terminal Source RNS
GPM
GPM Golden Prospect Precious Me…
06:01
Market

Update Following Resignation of Portfolio Managers

Open Terminal Source RNS
BRS
BRS Beacon Rise Holdings PLC
06:01
Market

Circ re. £100k ASA Investment

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RGG
RGG RGG
06:01
Market

Change of AGM Date

Open Terminal Source RNS
AREC
AREC Arecor Therapeutics PLC
06:01
Market

Ligand Pharmaceuticals Milestone Payment

Open Terminal Source RNS
KEFI
KEFI KEFI Gold and Copper Plc
06:01
Market

Notice of General Meeting & Investor Presentation

Open Terminal Source RNS
PINT
PINT Pantheon Infrastructure PLC
06:01
Market

Notice Of Full Year Results

Open Terminal Source RNS
NARF
NARF Narf Industries PLC
06:01
Market

Investor Presentation

Open Terminal Source RNS
BPM
BPM B P Marsh and Partners PLC
06:01
Market

New Share Buyback Programme

B.P. Marsh & Partners Plc announces a new £2 million share buyback programme, managed by Singer Capital Markets, to reduce share capital. The programme operates under shareholder authority granted in June 2025, allowing repurchase of up to…

B.P. Marsh & Partners Plc announces a new £2 million share buyback programme, managed by Singer Capital Markets, to reduce share capital. The programme operates under shareholder authority granted in June 2025, allowing repurchase of up to 3,710,000 ordinary shares. Repurchased shares will be held in treasury, with the programme expiring by July 2026 or at the 2026 AGM. The company plans to seek further shareholder approval for a similar authority at the 2026 AGM.
BuyBack
Open Terminal Source RNS
AAZ
AAZ Anglo Asian Mining Plc
06:01
Market

2026 AGM

Open Terminal Source RNS
ITRK
ITRK Intertek Group PLC
06:01
Market

Directorate change

Open Terminal Source RNS
SVML
SVML Sovereign Metals Ltd
06:01
Market

Ceasing to be a Substantial Holder

Open Terminal Source RNS
THG
THG THG Holdings PLC
06:01
Market

Preliminary FY 2025 results

THG PLCs preliminary FY 2025 results show significant growth, with adjusted EBITDA ahead of guidance and a profit after tax of £54.1m. The company achieved broad-based continuing CCY revenue growth, with a record H2 performance. Key highli…

THG PLCs preliminary FY 2025 results show significant growth, with adjusted EBITDA ahead of guidance and a profit after tax of £54.1m. The company achieved broad-based continuing CCY revenue growth, with a record H2 performance. Key highlights include
Full-year revenue growth of +2.3%, with H2 performance c.15% ahead of consensus.
Adjusted EBITDA of £76.6mahead of guidance and consensus.
Profit after tax of £54.1msupported by disposals.
£162m gross debt reduction and £103m cash proceeds from the sale of Claremont Ingredients.
Strong start to FY 2026, with revenue and Adjusted EBITDA expectations unchanged.
Significant positive developments in the HMRC case regarding protein powder VAT treatment.
The companys strategic initiatives, including the demerger of THG Ingenuity and the disposal of Claremont Ingredients, have simplified the group and strengthened its financial foundations. THG Beauty and THG Nutrition both delivered strong performances, with THG Beauty achieving a record Q4 and THG Nutrition expanding its offline and licensing channels. The company enters 2026 with strong trading momentum and a focus on material free cash flow delivery.
Here is the comparison of financials and debt year on year presented as an HTML table:
MetricFY 2025FY 2024Change
Total Revenue£1,717.0m£1,751.4m-2.0%
Adjusted EBITDA£76.6m£83.3m-8.1%
Profit After Tax£54.1mLoss (£326.1m)N/A
Gross Debt Reduction£162mN/AN/A
Net Debt (before lease liabilities)£233.0m£304.3m-23.4%
Cash and Available Facilities£333mN/AN/A
**Key Observations:** - **Revenue:** Total revenue decreased by 2.0% from FY 2024 to FY 2025, but on a constant currency basis, it grew by 2.3%. - **Adjusted EBITDA:** Adjusted EBITDA decreased by 8.1%, primarily due to strategic investments and external headwinds. - **Profit After Tax:** The company moved from a significant loss in FY 2024 to a profit in FY 2025, supported by disposals. - **Debt Reduction:** Gross debt was reduced by £162m, and net debt decreased by 23.4%. - **Liquidity:** The company maintains strong liquidity with £333m in cash and available facilities.
Open Terminal Source RNS
VTU
VTU Vertu Motors Plc
06:01
Market

EBT Share Purchase

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MACF
MACF Macfarlane Group PLC
06:01
Market

Director/PDMR Shareholding

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SRC
SRC Sigmaroc PLC
06:01
Market

Share Purchases by Director

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HSW
HSW Hostelworld Group PLC
06:01
Market

Preliminary results for the year ended 31 Dec 2025

Hostelworld Group PLC reported preliminary results for the year ended 31 December 2025, highlighting revenue acceleration, improved marketing efficiency, and a focus on expanding its social travel platform. Key financial metrics include a …

Hostelworld Group PLC reported preliminary results for the year ended 31 December 2025, highlighting revenue acceleration, improved marketing efficiency, and a focus on expanding its social travel platform. Key financial metrics include a 2% year-on-year increase in full-year net revenue to €93.8 million, with a significant step-up in H2 2025, and adjusted EBITDA of €19.9 million, in line with consensus. The companys social network engagement grew, with 3.4 million members and an 81% increase in member messaging. Strategic initiatives included the successful launch of Elevate, driving higher commission rates, and the expansion of budget accommodation offerings. Financial highlights also include a 2% increase in net bookings to 7.0 million and a 2% rise in Net Average Booking Value to €13.43. The company maintained a disciplined capital allocation approach, with a closing cash position of €12.2 million and a total dividend of 2.40 € cent per share. Looking ahead, Hostelworld anticipates low double-digit revenue growth in 2026 and 2027, supported by its expanded platform and AI-driven capabilities.
Financial Metric20242025Change YoY
Generated Revenue (€m)91.593.8+2%
Net Revenue (€m)92.093.8+2%
Net Bookings (m)6.97.0+1%
Net Average Booking Value (€)13.2113.43+2%
Adjusted EBITDA (€m)21.819.9-9%
Adjusted Profit After Tax (€m)17.415.0-14%
Net Debt (€m)(2.0)1.6N/A
Cash Position (€m)8.212.2+50%
Direct Marketing as % of Revenue46%48%+2%
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GMET
GMET Guardian Metal Resources PLC
06:01
Market

Appointment of CFO and Board Changes

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TRB
TRB Tribal Group plc
06:01
Market

Preliminary Results year ended 31 December 2025

Tribal Group PLC, a leading provider of software and services to the international education market, reported strong preliminary results for the year ended 31 December 2025. Key highlights include: - **Revenue Growth**: Group revenue incr…

Tribal Group PLC, a leading provider of software and services to the international education market, reported strong preliminary results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**Group revenue increased by 4% to £92.5 million, driven by a 3% growth in Student Information Systems (SIS) revenue and a 9% growth in Etio revenue.
**Adjusted EBITDA**Adjusted EBITDA rose by 8% to £17.5 million, with an Adjusted EBITDA margin of 19%.
**Profitability**Statutory profit before tax surged by 136% to £12.5 million, aided by reduced exceptional costs.
**Cash Position**Net cash significantly improved to £11.4 million, up from a net debt of £3.2 million in 2024, reflecting strong cash flow performance.
**Recurring Revenue**Annual Recurring Revenue (ARR) grew by 11% to £63.3 million, with recurring revenue comprising 86% of SIS revenue.
**Strategic Progress**Successful launch of the Higher Education Full Service (HEFS) proposition, generating £2.7 million in incremental ARR, and significant new SIS wins, including London South Bank University and Durham University.
**Dividends**Increased total dividend for the year to 2.8p per share, up 331%, including a special dividend of 1.5p per share.
**Outlook**The company is well-positioned for continued growth, focusing on recurring revenue, cloud adoption, and leveraging AI opportunities in the education sector.
Tribal Groups strong financial and operational performance in FY25 underscores its strategic progress and positions it for sustainable growth in the evolving education technology market.
Financial Metric2024 (Reported)2024 (Constant Currency)2025Year-on-Year Change (Constant Currency)
Revenue£90.0m£88.8m£92.5m4.2%
Adjusted EBITDA£16.7m£16.2m£17.5m8.1%
Net Cash/(Debt)Net Debt £3.2mNet Debt £3.2mNet Cash £11.4mSubstantial Improvement
Annual Recurring Revenue (ARR)£57.0m£57.0m£63.3m11.0%
Gross Revenue Retention (GRR)93%93%95%2.0pp Increase
Net Revenue Retention (NRR)106%106%108%2.0pp Increase
Free Cash Flow£7.3m£7.3m£16.1m120.5% Increase
Statutory Profit before Tax£5.9m£5.3m£12.5m135.8%
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TKO
TKO Taseko Mines Limited
06:01
Market

Director/PDMR Shareholding

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MER
MER Mears Group plc
06:01
Market

Preliminary Results

Mears Group PLC, a leading UK housing services provider, reported strong financial, operational, and strategic progress in its preliminary results for the year ended 31 December 2025. Key highlights include: - **Revenue Growth**: Total re…

Mears Group PLC, a leading UK housing services provider, reported strong financial, operational, and strategic progress in its preliminary results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**Total revenue increased slightly to £1,135.5 million, with a 12% rise in Maintenance-led revenue to £620.4 million, offset by an 11% decline in Management-led revenue to £515.0 million.
**Profitability**Statutory operating profit rose by 3% to £75.0 million, with adjusted operating margin improving to 5.7%. Profit before tax was marginally lower at £63.5 million.
**Cash Performance**Average daily adjusted net cash was £52.8 million, with strong cash conversion at 82% of EBITDA.
**Strategic Progress**New contract awards valued at over £300 million, including significant retentions and new wins. The order book reached an all-time high of £4.0 billion.
**Acquisitions and Divestments**The acquisition of Pennington Choices enhanced compliance capabilities, while the disposal of non-core Facilities Management activities simplified the Groups focus on housing services.
**Dividends and Share Buybacks**A 9% increase in the full-year dividend to 17.50p per share, and a new £20 million share buyback programme approved.
**Outlook**Confidence in delivering Maintenance-led growth of 5-9% annually, with adjusted operating margins expected to remain within 5-6%.
Overall, Mears demonstrated resilience and strategic advancement, positioning itself for continued growth in the housing sector.
Here is the comparison of financials and debt year on year for Mears Group PLC, presented as an HTML table:
Metric2025 (£m)2024 (£m)Change
Total Revenue1,135.51,132.5+0%
Revenue - Maintenance-led620.4555.8+12%
Revenue - Management-led515.0576.7-11%
Statutory operating profit75.072.6+3%
Adjusted operating profit (pre-IFRS 16)64.863.6+2%
Profit before tax63.564.1-1%
Average daily adjusted net cash52.859.6-11%
Adjusted net cash at 31 December51.891.4-43%
Net debt (including IFRS 16 lease obligations)(266.9)(206.1)+29%
**Key Observations:** - **Revenue:** Total revenue remained relatively stable, with a slight increase of 0.03% from £1,132.5m in 2024 to £1,135.5m in 2025. - **Maintenance-led Revenue:** Increased by 12%, driven by organic growth and new contract wins. - **Management-led Revenue:** Decreased by 11%, primarily due to the normalization of revenues from the Asylum Accommodation and Support Contract (AASC). - **Profitability:** Statutory operating profit increased by 3%, while adjusted operating profit (pre-IFRS 16) increased by 2%. Profit before tax marginally decreased by 1%. - **Cash Position:** Average daily adjusted net cash decreased by 11%, and adjusted net cash at year-end decreased significantly by 43%, reflecting increased capital allocation for share buybacks, M&A, and property acquisitions. - **Debt:** Net debt increased by 29%, primarily due to the inclusion of IFRS 16 lease obligations and increased borrowings to fund acquisitions and property purchases. This table provides a concise comparison of key financial metrics and debt levels for Mears Group PLC between 2024 and 2025.
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NXT
NXT Next PLC
06:01
Market

NEXT plc Results for the Year Ended January 2026

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SOLI
SOLI Solid State Plc
06:01
Market

CEO Appointment

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EVPL
EVPL Everplay 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
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FRAN
FRAN Franchise Brands PLC
06:01
Market

Directors' dealings

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

<mark style="background-coloryellow">Purchase</mark> of shares
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CSN
CSN Chesnara
06:01
Market

Director/PDMR Shareholding

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CURY
CURY Currys PLC
06:01
Market

Alex Baldock to step down as Group Chief Executive

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GPM
GPM Golden Prospect Precious Me…
06:01
Market

Board Changes and Director Declaration

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ZEG
ZEG Zegona Communications Plc
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Thornburg Investment Management, Inc.', '14.930000', '15.010000']
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SQZ
SQZ Serica Energy PLC
06:01
Market

2025 full-year results

**Summary:** Serica Energy plc, a UK-based oil and gas company, reported its 2025 full-year results, highlighting strategic progress, portfolio strengthening, and increased production. The companys production reached over 65,000 boepd by …

**Summary**
Serica Energy plc, a UK-based oil and gas company, reported its 2025 full-year results, highlighting strategic progress, portfolio strengthening, and increased production. The companys production reached over 65,000 boepd by the end of 2026, driven by successful acquisitions and organic growth. Despite challenges like unscheduled downtime at the Triton FPSO, Sericas production averaged 27,600 boepd in 2025, with a year-to-date average of 38,600 boepd. The companys acquisitions, including a 40% stake in the Greater Laggan Area from TotalEnergies, significantly enhanced its reserves and resources, with 2P reserves increasing by 19% to 138.5 mmboe. Sericas focus on short-cycle, low-risk opportunities and its strong balance sheet position it well for future growth and shareholder returns. The company also emphasized its commitment to energy security and domestic gas supply, particularly through its West of Shetland operations. Despite a loss after taxation of $52 million due to a non-cash deferred tax charge, Serica maintained its dividend and expects material free cash flow generation in 2026. The companys strategy includes further M&A activities and a potential move to the Main Market of the LSE.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Revenue ($ million)727601-17.3%
EBITDAX ($ million)379210-44.6%
Cash Tax paid ($ million)1539-94.1%
Adjusted CFFO less tax ($ million)403187-53.6%
Capital expenditure ($ million)278250-10.1%
Free cash flow ($ million)-1-24-2,300%
Cash and restricted cash ($ million)14831-79.1%
Total debt ($ million)2312310%
Net (debt) / cash ($ million)-83-200-141%
Final dividend declared (pence per share)10100%
Dividends paid ($ million)11385-24.8%
**Key Observations:** - **Revenue and EBITDAX Decline:** Revenue decreased by 17.3% and EBITDAX by 44.6%, primarily due to lower production volumes caused by unscheduled downtime at the Triton FPSO. - **Significant Reduction in Cash Tax:** Cash tax paid decreased by 94.1% due to lower taxable income and the utilization of tax losses. - **Decrease in Adjusted CFFO:** Adjusted CFFO less tax decreased by 53.6%, reflecting the impact of lower revenue and higher operating costs. - **Stable Capital Expenditure:** Capital expenditure remained relatively stable, with a slight decrease of 10.1%. - **Worsening Free Cash Flow:** Free cash flow deteriorated significantly, with a 2,300% increase in negative free cash flow due to lower operating cash flow and higher capital expenditure. - **Decline in Cash Position:** Cash and restricted cash decreased by 79.1%, primarily due to capital expenditures and dividend payments. - **Stable Debt Level:** Total debt remained unchanged at $231 million. - **Increased Net Debt:** Net debt increased by 141% due to the decline in cash and restricted cash. - **Stable Dividend:** The final dividend declared remained unchanged at 10 pence per share, despite the challenging financial performance. - **Lower Dividends Paid:** Dividends paid decreased by 24.8%, likely due to the lower profitability and cash flow.
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AIBG
AIBG AIB Group PLC
06:01
Market

Directorate change

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FDEV
FDEV Frontier Developments Plc
06:01
Market

Director/PDMR Shareholding

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PTEC
PTEC Playtech Plc
06:01
Market

Final Results

Playtech PLC, a leading platform, content, and services provider in the online gambling industry, announced its final results for the year ended 31 December 2025. The company reported strong execution on its Americas strategy, upgrading it…

Playtech PLC, a leading platform, content, and services provider in the online gambling industry, announced its final results for the year ended 31 December 2025. The company reported strong execution on its Americas strategy, upgrading its FY26 outlook after an excellent start. Key highlights include
**Financial Performance**Revenue declined by 10% to €763.6 million, and EBITDA decreased by 9% to €197.0 million, primarily due to the revised Caliente agreement. However, underlying software fees from Caliente grew strongly.
**Strategic Transactions**Completed the sale of Snaitech for €2.3 billion, generating over €800 million in cash since ownership, and paid a special dividend of approximately €1.8 billion to shareholders.
**Americas Growth**Key growth markets in the Americas performed ahead of expectations, with strong contributions from the US (revenue up ~100%) and Latin America, driven by investments in Caliente Interactive and Hard Rock Digital (HRD).
**Balance Sheet Strength**Maintained a strong balance sheet, enabling investment and capital returns, including repurchasing 8.3% of issued share capital in H2 for €77 million.
**Outlook**Expects FY26 Adjusted EBITDA to be ahead of current consensus expectations, despite regulatory headwinds in many markets.
Operationally, Playtech reported under three segments: B2B, investment income, and B2C. The B2B segment saw revenue decline due to the Caliente agreement impact, but underlying performance was solid, especially in regulated markets. The Americas strategy showed strong progress, with significant revenue growth in the US and Canada, and expansion into new states. Live revenue increased, and SaaS revenues grew by 48%.
Investment income was driven by the revised Caliente agreement, with Adjusted investment income of €61.8 million. Dividends from HRD totaled €10.3 million, reflecting strong growth.
The B2C segment, now a lower strategic priority, saw revenue decline to €78.5 million, with Adjusted EBITDA losses narrowing to €6.2 million as the HAPPYBET business was wound down.
Playtechs CEO, Mor Weizer, emphasized the companys transition to a focused B2B technology business, highlighting strong performance in the US and Latin America, and expressed confidence in achieving medium-term targets of €250-300 million in Adjusted EBITDA and €70-100 million in Free Cash Flow.
Here is the comparison of financials and debt year on year in an HTML table format: 0
MetricFY2024FY2025Change
Revenue€848.0 million€763.6 million(10%)
EBITDA€217.5 million€197.0 million(9%)
Post-tax profit / (loss)€61.8 million€44.2 million(28%)
Net cash / (debt)Net debt of €142.8 millionNet cash of €28.5 millionn/a
B2B Revenue€754.3 million€688.3 million(9%)
B2B Adjusted EBITDA€222.0 million€141.4 million(36%)
Investment income€2.8 million€61.8 millionn/a
B2C Revenue€97.8 million€78.5 million(20%)
B2C Adjusted EBITDALoss of €7.3 millionLoss of €6.2 millionn/a
**Key Observations:** * **Revenue Decline:** Revenue decreased by 10% from FY2024 to FY2025, primarily due to the impact of the revised Caliente agreement and the sale of Snaitech. * **EBITDA Margin Compression:** EBITDA margin decreased from 25% in FY2024 to 26% in FY2025, driven by lower B2B EBITDA margins due to the revised Caliente agreement. * **Investment Income Growth:** Investment income significantly increased from €2.8 million in FY2024 to €61.8 million in FY2025, mainly due to the revised Caliente agreement and dividends from Hard Rock Digital. * **Debt Reduction:** The company transitioned from a net debt position of €142.8 million in FY2024 to a net cash position of €28.5 million in FY2025, primarily due to the proceeds from the Snaitech sale and the revised Caliente agreement. * **B2B Segment:** B2B revenue and EBITDA declined due to the revised Caliente agreement, but underlying performance excluding this impact showed growth in regulated markets. * **B2C Segment:** B2C revenue and EBITDA losses narrowed, reflecting the wind-down of HAPPYBET and the challenging UK market conditions.
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FTC
FTC Filtronic
06:01
Market

$8.0m contract win with US Company

Filtronic plc secures an $8.0m (£6.0m) contract with a US company to develop, manufacture, and qualify high-performance amplifier products for satellite communications. The contract, starting March 2026 and expected to complete in 2027, le…

Filtronic plc secures an $8.0m (£6.0m) contract with a US company to develop, manufacture, and qualify high-performance amplifier products for satellite communications. The contract, starting March 2026 and expected to complete in 2027, leverages Filtronics proprietary GaN-based and MMIC technologies, expanding its satellite communications offerings. This win underscores Filtronics leadership in advanced RF solutions for strategic markets like space, aerospace, defense, and telecoms infrastructure.
NewContract
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CLBS
CLBS Celebrus Technologies plc
06:01
Market

Transaction in Own Shares

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ATM
ATM AfriTin Mining Ltd
06:01
Market

Business Update For Period Ended 28 February 2026

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ARBB
ARBB Arbuthnot Banking Group Plc
06:01
Market

Audited Final Results for the year to 31/12/2025

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POLN
POLN Pollen Street PLC
06:01
Market

Full Year 2025 Trading Update

**Summary:** Pollen Street Group Limiteds full-year 2025 trading update highlights significant growth and strategic achievements. The company reported a 30% increase in Total Assets Under Management (AUM) to £7.1 billion, with Fee-Paying …

**Summary**
Pollen Street Group Limiteds full-year 2025 trading update highlights significant growth and strategic achievements. The company reported a 30% increase in Total Assets Under Management (AUM) to £7.1 billion, with Fee-Paying AUM rising 32% to £5.2 billion. This growth was driven by successful fundraising in both Private Equity and Private Credit strategies, with flagship funds significantly outperforming targets.
Financial performance was robust, with a 14% increase in Profit After Tax to £56.6 million and a 19% rise in Earnings Per Share (EPS) to 93.7p. The Asset Management segments share of net revenues grew to 71%, and the company deployed £1.6 billion across its strategies.
Key highlights include the final close of Private Equity Fund V at €1.5 billion and Private Credit Fund IV reaching £1.8 billion, with further commitments expected. The company also declared a total dividend of 58.0 pence per share, 8% higher than the previous year, and reaffirmed its medium-term target of reaching £10 billion in Total AUM.
CEO Lindsey McMurray attributed the success to strong fundraising, disciplined underwriting, and active portfolio management. The company remains focused on deploying capital, preparing for new investment strategies, and delivering sustainable value to investors and shareholders.
Despite market challenges, Pollen Street Group demonstrated resilience, with its shares outperforming the FTSE 250 index in 2025. The companys strategic priorities for 2026 include continued deployment of capital, preparing for the next generation of investment strategies, and maintaining its progressive dividend policy.
The Boards decision to adjust the allocation of Carried Interest in Private Credit Fund IV reflects the companys commitment to recognizing individual contributions and supporting long-term growth. Pollen Street Group enters 2026 with momentum, a robust pipeline, and confidence in its ability to capitalize on opportunities for sustainable growth.
Financial Metric2025 (£m)2024 (£m)YoY Growth (%)
Total Assets Under Management (AUM)7.15.430%
Fee Paying AUM5.24.032%
Fund Management Income81.166.821%
Fund Management Administration Costs(49.4)(39.6)25%
Fund Management EBITDA31.727.217%
Income on Net Investment Assets32.931.84%
EBITDA64.659.010%
Profit After Tax56.649.614%
EPS (pence)93.778.819%
DPS (pence)58.053.68%
Debt Metric2025 (£m)2024 (£m)YoY Change (£m)
Interest-bearing borrowings (Current)121498(377)
Interest-bearing borrowings (Non-current)199,538187,76711,771
Total Interest-bearing borrowings199,659188,26511,394
**Year-on-Year Financial Comparison:** - **Assets Under Management (AUM):** Increased by 30% from £5.4 billion in 2024 to £7.1 billion in 2025. - **Fee Paying AUM:** Grew by 32% from £4.0 billion in 2024 to £5.2 billion in 2025. - **Fund Management Income:** Rose by 21% from £66.8 million in 2024 to £81.1 million in 2025. - **Fund Management EBITDA:** Increased by 17% from £27.2 million in 2024 to £31.7 million in 2025. - **Profit After Tax:** Climbed by 14% from £49.6 million in 2024 to £56.6 million in 2025. - **EPS:** Jumped by 19% from 78.8p in 2024 to 93.7p in 2025. - **DPS:** Increased by 8% from 53.6p in 2024 to 58.0p in 2025. **Debt Comparison:** - **Interest-bearing borrowings (Current):** Decreased by £377 million from £498 million in 2024 to £121 million in 2025. - **Interest-bearing borrowings (Non-current):** Increased by £11.771 billion from £187.767 billion in 2024 to £199.538 billion in 2025. - **Total Interest-bearing borrowings:** Increased by £11.394 billion from £188.265 billion in 2024 to £199.659 billion in 2025.
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SBAR
SBAR Sundae Bar Plc
06:01
Market

Final Results for the Year Ended 30 September 2025

Sundae Bar PLC, an AI enterprise platform company, reported its final results for the year ended 30 September 2025. Key financial highlights include £2 million raised during AIM admission, total assets of £1.65 million, and an operating lo…

Sundae Bar PLC, an AI enterprise platform company, reported its final results for the year ended 30 September 2025. Key financial highlights include £2 million raised during AIM admission, total assets of £1.65 million, and an operating loss of £1.2 million. The company wrote down goodwill by £25 million due to the early stage of its platforms commercial development, but this adjustment did not impact cash, operations, or intellectual property. Strategic focus remains on enhancing platform functionality, expanding developer participation, securing enterprise partnerships, and increasing transaction activity. The company aims to convert its infrastructure into measurable commercial traction, with a pathway to value creation through recurring revenue generation. Despite the goodwill impairment, the board remains confident in the long-term opportunity and has established a conservative foundation for future growth.
Financial Metric20242025Change
Total Assets (£)890,7461,645,194+84.7%
Cash and Cash Equivalents (£)610,642658,878+7.9%
Operating Loss (£)(2,359,423)(1,201,143)-49.1%
Goodwill Impairment (£)0(25,079,236)N/A
Net Loss (£)(2,358,491)(26,933,312)+1042.2%
Total Equity (£)841,4421,429,355+70.0%
Debt (£)49,304215,839+337.8%
### Explanation: 1. **Total Assets**: Increased significantly from £890,746 in 2024 to £1,645,194 in 2025, primarily due to the acquisition of Ora Technology Plc and other strategic investments. 2. **Cash and Cash Equivalents**: Modest increase from £610,642 to £658,878, reflecting careful cash management despite significant operational and acquisition costs. 3. **Operating Loss**: Decreased from £2,359,423 to £1,201,143, indicating improved operational efficiency despite the early stage of commercial development. 4. **Goodwill Impairment**: A significant impairment of £25,079,236 was recognized in 2025 due to the early stage of the platform's commercial development and limited revenue visibility. 5. **Net Loss**: Increased dramatically from £2,358,491 to £26,933,312, largely due to the goodwill impairment and other non-cash adjustments. 6. **Total Equity**: Increased from £841,442 to £1,429,355, reflecting the issuance of new shares and the revaluation of assets. 7. **Debt**: Increased significantly from £49,304 to £215,839, indicating higher short-term liabilities as the company scales its operations.
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STAN
STAN Standard Chartered PLC
06:01
Market

Transaction in Own Shares

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GEO
GEO Geo Exploration Limited
06:01
Market

Half-year Financial Report

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ECOR
ECOR Ecora Resources PLC
06:01
Market

Full Year Results

Ecora Royalties PLC, a critical minerals-focused royalty and streaming company, reported its full-year results for 2025, highlighting a landmark year with record portfolio contributions from critical minerals, strong deleveraging, and stra…

Ecora Royalties PLC, a critical minerals-focused royalty and streaming company, reported its full-year results for 2025, highlighting a landmark year with record portfolio contributions from critical minerals, strong deleveraging, and strategic acquisitions. The companys portfolio contribution reached $57.0 million, with base metals contributing 50%, driven by strong performance at Voiseys Bay, Mantos Blancos, and the newly acquired Mimbula copper stream. Adjusted earnings were $22.1 million, and free cash flow increased by 21% to $27.4 million. Ecora also reversed a $14.1 million impairment charge related to Voiseys Bay due to improved mine plans and higher cobalt prices. The company maintained a strong balance sheet, with net debt of $85.5 million, and declared a final dividend of 1.4 cents per share. Ecoras outlook remains positive, with expected volume growth in base metals and a series of value catalysts from its development projects.
Financial Metric2024 (US$m)2025 (US$m)Year-on-Year Change
Portfolio Contribution63.257.0(10%)
Royalty and Metal Stream Revenue59.655.9(6%)
Profit After Tax(9.8)22.2N/A (Swing to Profit)
Adjusted Earnings28.922.1(24%)
Free Cash Flow22.127.421%
Net Debt82.385.54%
Dividend per Share (cents)2.812.00(29%)
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SQZ
SQZ Serica Energy PLC
06:01
Market

Completion of acquisition of TotalEnergies assets

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PREM
PREM Premier African Minerals Ltd
06:01
Market

Funding

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INPP
INPP International Public Partne…
06:01
Market

Full year results to year ended 31 December 2025

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APTA
APTA Aptamer Group PLC
06:01
Market

Results of Placing

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FCM
FCM First Class Metals PLC
06:01
Market

Result of oversubscribed WRAP Retail Offer

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SML
SML Strategic Minerals Plc
06:01
Market

Redmoor - 2026 Mineral Resource Estimate

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SOHO
SOHO Triple Point Social Housing…
06:01
Market

Results For the 12 Months Ended 31 December 2025

**Summary:** Social Housing REIT PLC (SOHO) reported its final results for the 12 months ended December 31, 2025, highlighting improved earnings and operational oversight under the management of Atrato Partners Limited. Key financial high…

**Summary**
Social Housing REIT PLC (SOHO) reported its final results for the 12 months ended December 31, 2025, highlighting improved earnings and operational oversight under the management of Atrato Partners Limited. Key financial highlights include a 20.9% rise in adjusted earnings per share, a significant improvement in adjusted dividend cover to 1.17x, and an 11.7% increase in net rental income to £40.03 million. The company raised its dividend target by 3%, declared dividends of 5.622 pence per share, and achieved substantial cost savings with an EPRA cost ratio reduced to 18.7%. SOHOs debt profile remains highly attractive with an average fixed cost of 2.74% and a Fitch A- investment grade rating reaffirmed. The portfolio was valued at £606.3 million with a Net Initial Yield of 6.42%. Operationally, rent collection improved to 91.5%, and the company made progress in lease assignments and portfolio optimization, including the disposal of non-core assets. The company is well-positioned for growth, focusing on earnings growth, portfolio optimization, cost discipline, and accretive growth opportunities, while maintaining a strong commitment to providing high-quality supported housing and delivering long-term, inflation-linked income for shareholders.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Net Rental Income (£ million)35.8540.03+11.7%
Adjusted Earnings per Share (pence)5.406.53+20.9%
Dividends per Share (pence)5.465.62+3%
Adjusted Dividend Cover0.99x1.17x+18.2%
EPRA Cost Ratio29.9%18.7%-37.5%
Rent Collection87.6%91.5%+4.4%
Net Loan to Value37.7%39.5%+4.8%
Average Fixed Cost of DebtN/A2.74%N/A
Total Debt (£ million)261.4263.5+0.8%
**Key Observations:** * **Improved Financial Performance:** Net rental income, adjusted earnings per share, and rent collection all increased year-over-year, indicating stronger operational performance. * **Enhanced Dividend Coverage:** The adjusted dividend cover ratio increased significantly, suggesting the company is generating more earnings to support its dividend payments. * **Reduced Costs:** The EPRA cost ratio decreased substantially, reflecting successful cost-saving initiatives. * **Stable Debt Profile:** While total debt increased slightly, the average fixed cost of debt remained attractive, and the net loan to value ratio increased only marginally.
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MET1
MET1 Metals One PLC
06:01
Market

Update re Lions Bay Resources Offer for Vantage

Lions Bay Resources (LBR) has made a significant step towards acquiring the Vantage Goldfields assets in South Africa for US$40 million, with a creditor meeting scheduled for April 9, 2026, to approve the rescue plan. Metals One Plc, which…

Lions Bay Resources (LBR) has made a significant step towards acquiring the Vantage Goldfields assets in South Africa for US$40 million, with a creditor meeting scheduled for April 9, 2026, to approve the rescue plan. Metals One Plc, which will own 30% of LBR upon conversion of its convertible loan notes, has a substantial investment exposure to LBR and its parent company, Lions Bay Capital Inc. (LBI). LBR has already deposited US$6 million and plans to secure the remaining US$30 million in escrow, with LBI exploring various funding options to complete the deal. The acquisition is part of LBRs strategy to create a vertically integrated gold business, leveraging the Vantage Assets historical gold resources and infrastructure. Metals Ones Managing Director, Daniel Maling, expressed optimism about the progress, highlighting the potential benefits of the acquisition, including access to cheap power and a gold concentrate roasting complex.
Offers
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HEX
HEX Helix Exploration PLC
06:01
Market

Annual Report and Full Year Results

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OXB
OXB Oxford BioMedica PLC
06:01
Market

Preliminary results for the year ended 31 Dec 2025

**Summary:** Oxford Biomedica PLC (OXB) reported strong preliminary results for the year ended 31 December 2025, highlighting strategic execution, robust revenue growth, and positive Operating EBITDA. Key financial highlights include: - …

**Summary**
Oxford Biomedica PLC (OXB) reported strong preliminary results for the year ended 31 December 2025, highlighting strategic execution, robust revenue growth, and positive Operating EBITDA. Key financial highlights include
**Revenue Growth** 33% increase to £170.9 million (constant currency), driven by growth in lentiviral vector GMP manufacturing, increased client progression, and expansion in procurement and storage services.
**Operating EBITDA** Achieved a profit of £8.1 million (constant currency), up from a £15.3 million loss in 2024, reflecting revenue growth and cost management.
**Revenue Backlog** Increased by 36% to £204 million, indicating strong future revenue potential.
**Strategic Expansion** Acquired an FDA-approved commercial-scale viral vector manufacturing facility in Durham, NC, enhancing global CDMO capabilities.
**New Commercial Agreement** Signed a multi-year agreement with Bristol Myers Squibb (BMS) for lentiviral vector manufacturing post-period.
**Financial Guidance** Projected 2026 revenues of £220-240 million with a 10% Operating EBITDA margin, and medium-term revenue growth of 25-30% with margins rising to at least 20% by 2027.
Operationally, OXB expanded its global CDMO network, improved efficiency, and strengthened its balance sheet through equity raises and loan facilities. The company also advanced its innovation efforts, particularly in AAV and lentiviral vector technologies, and enhanced its ESG commitments. The acquisition of the Durham facility and strategic partnerships underscore OXBs position as a global leader in cell and gene therapy CDMO services, poised for sustained growth and profitability.
Financial Metric20242025Year-on-Year Change
Revenue£128.8 million£170.9 million (CC)33% increase
Operating EBITDA£(15.3) million£8.1 million (CC)Profitability achieved
Underlying Operating EBITDA (excluding Durham gain)N/A£3.3 million (CC)New metric introduced
Revenue BacklogN/A£204 million36% increase
Contracted Value of Orders£186 million£224 million20% increase
Net Cash£20.6 million£55.4 million169% increase
Debt (Loans)£39.79 million£41.488 million4.3% increase
### Key Observations: 1. **Revenue Growth**: Revenue increased by 33% year-on-year, driven by growth in lentiviral vector GMP manufacturing, increased client progression through clinical development, and growth in procurement and storage services. 2. **EBITDA Improvement**: Operating EBITDA turned positive, achieving £8.1 million (CC) compared to a loss of £15.3 million in 2024, reflecting strong revenue growth and cost control. 3. **Debt Increase**: Debt increased slightly by 4.3%, primarily due to new loans drawn down and interest accruals. 4. **Cash Position**: Net cash position significantly improved, increasing by 169% to £55.4 million, supported by equity raises and improved operating performance. 5. **Order Book Strength**: Revenue backlog and contracted value of orders both increased substantially, indicating strong future revenue visibility and continued growth.
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IGC
IGC India Capital Growth Fund
06:01
Market

Annual Results for the year ended 31 December 2025

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RDT
RDT Rosslyn Data Technologies p…
06:01
Market

Result of Placing and Posting of Circular

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HE1
HE1 Helium One Global Ltd
06:01
Market

Unaudited Interim Results

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CNE
CNE Capricorn Energy PLC
06:01
Market

Full Year Results Announcement

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RENX
RENX Renalytix AI plc
06:01
Market

Half-year Report

Renalytix PLC, a precision medicine diagnostics company, reported its Half Year Report for the six months ended 31 December 2025. Key highlights include: - Revenue growth to $1.6 million, up from $1.3 million in the same period last year.…

Renalytix PLC, a precision medicine diagnostics company, reported its Half Year Report for the six months ended 31 December 2025. Key highlights include
Revenue growth to $1.6 million, up from $1.3 million in the same period last year.
Addition of 58 new practice sites across four active regions in the US.
Expansion to five fully integrated EHR systems, up from two in the prior year.
Initiation of eight new integrations to expand access for approximately 10,000 eligible patients.
Extension of data integration pipelines to leading EMR platforms, including Epic Systems, Athenahealth, and eClinicalWorks.
Reduction in underlying EBITDA loss year-on-year, reflecting disciplined cost management.
Commencement of transition to a new laboratory facility to enhance capacity and improve gross margin.
Raising of $9.5 million through an oversubscribed placing and retail offer at a premium to the prior 6-month share price.
Post-period highlights include advancing contract discussions with major US diagnostic companies for national distribution, submission for publication of two-year outcomes data, progression of CE marking submission, and advancement of program milestones for inclusion in a major pharma drug trial.
The companys CEO, James McCullough, emphasized the progress made in expanding clinical adoption, advancing integration-led deployment, strengthening the clinical utility program, and enhancing operational efficiency. The company expects revenue acceleration in the second half of FY26 and improved momentum into FY27.
**Summary** Renalytix PLC reported revenue growth, expanded its clinical network, and made progress in integration and operational efficiency. The company raised additional capital and is positioning itself for scaled growth through national distribution partnerships and inclusion in a major pharma drug trial.
Financial MetricHY26 (Dec 2025)HY25 (Dec 2024)Year-on-Year Change
Revenue$1.6 million$1.3 million23.1%
Commercial Test Revenue$1.1 million$1.2 million-8.3%
Life Sciences Revenue$0.5 million$0.1 million400%
Cost of Sales$0.8 million$0.8 million0%
Administrative Costs$7.9 million$8.0 million-1.3%
Operating Loss$7.1 million$7.5 million-5.3%
Underlying EBITDA Loss$6.4 million$7.2 million-11.1%
Cash and Cash Equivalents$6.1 million$3.6 million69.4%
Debt (Convertible Note)$4.7 million$8.2 million-42.7%
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ANTO
ANTO Antofagasta PLC
06:01
Market

Publication of Annual Report and Notice of AGM

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NXQ
NXQ Nexteq PLC
06:01
Market

Transaction in Own Shares and Total Voting Rights

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TOWN
TOWN Town Centre Securities PLC
06:01
Market

Interim Results

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GST
GST GSTechnologies Ltd
06:01
Market

Temporary Suspension Of Crypto Trading Services

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FDR
FDR First Development Resources…
06:01
Market

Interim Results

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REE
REE Altona Rare Earths PLC
06:01
Market

Half-year Financial Report

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VOD
VOD Vodafone Group PLC
06:01
Market

Transaction in Own Shares

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

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IHG
IHG InterContinental Hotels Gro…
06:01
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Transaction in Own Shares

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STG
STG Strip Tinning Holdings PLC
06:01
Market

Final Results For Year Ended 31 December 2025

Strip Tinning Holdings PLC reported its financial results for the year ended 31 December 2025, showing a performance in line with market expectations. The company highlighted operational enhancements and a strong sales order book, position…

Strip Tinning Holdings PLC reported its financial results for the year ended 31 December 2025, showing a performance in line with market expectations. The company highlighted operational enhancements and a strong sales order book, positioning it for accelerated growth. Key financial highlights include total revenues of £8.6 million, a significant increase in Battery Technologies division sales to £2.1 million, and improved gross margins to 40.0%. Operationally, the company is well-positioned for growth, particularly in the Battery Technologies division, with an increasing order book and strong pipeline. The company also improved its cash position, generating £1.6 million in operating activities and reducing cash burn through cost and capex reductions. The outlook is positive, with expectations of being EBITDA positive from FY26 onwards and cash generative from FY27. The company is focused on delivering new projects and securing additional funding to support its growth initiatives.
Financial Metric20242025Change
Total Revenues (£'000)9,0278,592-435
Battery Technologies Division Sales (£'000)1,0002,1001,100
Glazing Division Sales (£'000)8,0006,500-1,500
Gross Margins (%)33.1%40.0%6.9%
Adjusted EBITDA (£'000)(1,900)(500)1,400
Cash Generated from Operating Activities (£'000)(2,300)1,6003,900
Cash at Year End (£'000)512617105
Basic EPS (pence)(25.9)(11.6)14.3
Total Debt (£'000)6,6526,521-131
### Explanation: 1. **Total Revenues**: Decreased by £435,000 from £9,027,000 in 2024 to £8,592,000 in 2025. 2. **Battery Technologies Division Sales**: More than doubled from £1,000,000 in 2024 to £2,100,000 in 2025. 3. **Glazing Division Sales**: Decreased by £1,500,000 from £8,000,000 in 2024 to £6,500,000 in 2025. 4. **Gross Margins**: Improved from 33.1% in 2024 to 40.0% in 2025. 5. **Adjusted EBITDA**: Improved by £1,400,000 from a loss of £1,900,000 in 2024 to a loss of £500,000 in 2025. 6. **Cash Generated from Operating Activities**: Swung from a use of £2,300,000 in 2024 to a generation of £1,600,000 in 2025. 7. **Cash at Year End**: Increased by £105,000 from £512,000 in 2024 to £617,000 in 2025. 8. **Basic EPS**: Improved by 14.3 pence from a loss of 25.9 pence in 2024 to a loss of 11.6 pence in 2025. 9. **Total Debt**: Decreased by £131,000 from £6,652,000 in 2024 to £6,521,000 in 2025.
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HILS
HILS Hill & Smith Holdings PLC
06:01
Market

Transaction in Own Shares

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VAL
VAL ValiRx plc
06:01
Market

ValiRx Commercial Update Q1 2026

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PTAL
PTAL Petrotal Corp
06:01
Market

Q4 and Full Year 2025 Results

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TET
TET Treatt PLC
06:01
Market

AGM Trading Update

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SOM
SOM Somero Enterprise Inc
06:01
Market

Transaction in Own Shares and Total Voting Rights

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KETL
KETL Strix Group Plc
06:01
Market

Transaction in Own Shares

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LSL
LSL LSL Property Services Plc
06:01
Market

Transaction in own Shares and Total Voting Rights

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FNX
FNX Fonix Mobile plc
06:01
Market

Transaction in Own Shares and Total Voting Rights

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GRIO
GRIO Ground Rents Income Fund PLC
06:01
Market

Disposal of the former Portland Hotel in Hull

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III
III 3I Group PLC
06:01
Market

Action Capital Markets Seminar & portfolio update

3i Group plc announces a capital markets seminar featuring Action, its largest portfolio company, with a live webcast at 10:00 UK time on March 26, 2026. Action reported strong 2025 financial results, with net sales of €16 billion and EBIT…

3i Group plc announces a capital markets seminar featuring Action, its largest portfolio company, with a live webcast at 10:00 UK time on March 26, 2026. Action reported strong 2025 financial results, with net sales of €16 billion and EBITDA of €2.367 billion, and continued growth in 2026, with net sales up 14.5% year-to-date. Guidance for 2026 includes 4-5% like-for-like sales growth, at least 400 new store openings, and a maintained EBITDA margin of 14.8%. Action plans to expand its European white space potential to 4,650 stores and aims to enter the U.S. market by 2027/2028. 3i’s overall portfolio performance remains encouraging, with resilience expected despite geopolitical challenges and opportunities in AI integration. Full-year results will be published in May.
Metric20242025Change
Net Sales (€ million)13,79316,00016%
Operating EBITDA (€ million)2,0762,36714%
EBITDA Margin15.1%14.8%-0.3%
LFL Sales GrowthN/A4.9%N/A
Stores AddedN/A384N/A
Cash and Cash Equivalents (€ million)N/A900 (as of 22 March 2026)N/A

Year-to-Date (YTD) Comparison (Week 12)

Metric2025 (Week 12)2026 (Week 12)Change
Net Sales (€ billion)3.233.714.5%
LFL Sales GrowthN/A4.0%N/A
LFL Sales Growth ex-FranceN/A5.8%N/A
Stores AddedN/A24N/A

Guidance for 2026

MetricTarget
Like-for-like Sales Growth4-5%
Net Store Opening TargetAt least 400
EBITDA MarginMaintained at 14.8%
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ANGS
ANGS Angus Energy PLC
06:01
Market

Update on Audit and Expected Timing of Results

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ZEG
ZEG Zegona Communications Plc
06:01
Market

Transaction in Own Shares

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GEM
GEM Gemfields Plc
06:01
Market

GGL Audited 2025 Annual Report Released

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TW.
TW. TW.
06:01
Market

Transaction in Own Shares

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AV.
AV. AV.
06:01
Market

Transaction in Own Shares

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BWY
BWY Bellway PLC
06:01
Market

Transaction in Own Shares

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HSW
HSW Hostelworld Group PLC
06:01
Market

Transaction in Own Shares

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AEO
AEO Aeorema Communications Plc
06:01
Market

Trading Update for the 18 Months Ended 31 Dec 2025

Aeorema Communications Plc reports strong financial performance for the 18 months ended December 2025, with revenue and profit ahead of expectations. Underlying profit before tax increased by 10% to £770,000, exceeding previous forecasts. …

Aeorema Communications Plc reports strong financial performance for the 18 months ended December 2025, with revenue and profit ahead of expectations. Underlying profit before tax increased by 10% to £770,000, exceeding previous forecasts. The company secured record bookings for the Cannes Lions Advertising Festival and successfully expanded into the SXSW event in Austin, Texas. Operational efficiency improved following a restructuring program, and the new financial year started with significant momentum. Bank balances remained healthy, and the company maintained its progressive dividend policy. A share buyback program was initiated, with 260,500 shares purchased since January 2026. The outlook for 2026 is positive, supported by a strong pipeline of confirmed work and improved operational alignment. Audited results are expected in May 2026.
Metric18 Months to Dec 202518 Months to Dec 2024Change
Turnover£29,400,000£27,500,000+7.27%
Profit Before Tax (Reported)£410,000£318,000+28.93%
Underlying Profit Before Tax£770,000£318,000+142.14%
Bank Balance (as of announcement)£2.6 million£2.4 million+8.33%
Average Bank Balance (previous 12 months)£3 millionN/AN/A
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EJFI
EJFI EJF Investments Ltd
06:01
Market

Announcement of Final Results to 31 December 2025

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PLUS
PLUS Plus500 Ltd
06:01
Market

Transaction in Own Shares

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GFTU
GFTU Grafton Group plc
06:01
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Transaction in Own Shares

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LPA
LPA LPA Group
06:01
Market

AGM Statement

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PRU
PRU Prudential plc
06:01
Market

Transaction in Own Shares

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GSK
GSK GSK plc
06:01
Market

Transaction in Own Shares

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MERC
MERC Mercia Technologies PLC
06:01
Market

Transaction in Own Shares

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PEN
PEN Pennant International Group…
06:01
Market

Issue of Equity

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CRE
CRE Conduit Holdings Ltd
06:01
Market

Transaction in Own Shares

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BATS
BATS British American Tobacco PLC
06:01
Market

Transaction in Own Shares

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IWG
IWG IWG PLC
06:01
Market

Transaction in Own Shares

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AEP
AEP Anglo-Eastern Plantations P…
06:01
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Transaction in Own Shares

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PPET
PPET Patria Private Equity Trust
06:01
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Transaction in Own Shares

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

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LSEG
LSEG London Stock Exchange Group…
06:01
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Transaction in Own Shares

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HHI
HHI Henderson High Income Trust
06:01
Market

Annual Financial Report

Henderson High Income Trust PLC reported strong financial results for the year ended 31 December 2025, with a total return performance of 20.4% for NAV and 22.6% for share price, outperforming the benchmark return of 20.6%. The companys ne…

Henderson High Income Trust PLC reported strong financial results for the year ended 31 December 2025, with a total return performance of 20.4% for NAV and 22.6% for share price, outperforming the benchmark return of 20.6%. The companys net assets increased to £340.2 million, and the dividend for the year was 10.90p, marking the 13th consecutive year of dividend growth. The companys gearing decreased to 17.5%, and the ongoing charge for the year was 0.68%. The companys investment strategy, which favors equities over bonds, contributed positively to the performance, although equity stock selection in the second half of the year was a negative factor. The companys management fee was reduced to 0.45% of adjusted net assets from 1 January 2026. The company also continued its share buyback program, purchasing 2,622,692 shares in 2025, and the discount to NAV narrowed to 5.7%. The companys responsible investing approach, which integrates ESG factors into investment processes, was highlighted, and the companys voting decisions at general meetings were discussed. The companys prospects and outlook were positive, with the UK equity market expected to remain volatile but attractive in a global context. The companys focus on delivering a high level of income for shareholders while also aiming for capital growth over the longer term was reiterated.
Financial Metric20242025Change
NAV per share (pence)174.72198.77+13.76%
Mid-market price per share (pence)162.50187.50+15.38%
Revenue return per share (pence)10.7411.28+5.03%
Net assets (£ million)303.2340.2+12.20%
Dividend for the year (pence)10.6010.90+2.83%
Dividend yield (%)6.55.8-10.77%
Ongoing charge for the year (%)0.740.68-8.11%
Gearing (%)21.017.5-16.67%
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GRP
GRP Greencoat Renewables PLC
06:01
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Transaction in Own Shares

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PEBB
PEBB The Pebble Group PLC
06:01
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Transaction in Own Shares

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TRIG
TRIG Renewables Infrastructure G…
06:01
Market

Transaction in Own Shares

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AIEA
AIEA Airea Plc
06:01
Market

Final Results for the year ended 31 December 2025

AIREA PLC, a UK design-led specialist flooring company, reported its final results for the year ended 31 December 2025, highlighting resilient trading despite global economic and geopolitical challenges. Key financial highlights include a …

AIREA PLC, a UK design-led specialist flooring company, reported its final results for the year ended 31 December 2025, highlighting resilient trading despite global economic and geopolitical challenges. Key financial highlights include a 1.0% increase in full-year revenue to £21.45 million, a 32.0% rise in operating profit to £0.9 million, and a 66.7% increase in the final dividend to 1.00p per share. The company also made significant progress in its business transformation, including strategic investments in manufacturing capabilities and the launch of new sustainable products. Despite a slowdown in the second half of the year, AIREA remains confident in its long-term growth strategy, supported by its focus on innovation, sustainability, and operational efficiency. The company is nearing completion of its new manufacturing facility, which is expected to enhance its competitive position and support future growth.
Financial Metric2025 (£000)2024 (£000)Change (£000)Change (%)
Revenue21,44721,2342131.0%
Operating Profit91669322332.2%
EBITDA1,7001,10060054.5%
Cash Generated from Operations2,2422721,970724.3%
Cash and Cash Equivalents2,0122,063(51)-2.5%
Pension Deficit3,0274,007(980)-24.5%
Total Debt (Loans and Borrowings)498904(406)-44.9%
### Notes: 1. **Revenue**: Increased by 1.0% year-on-year, reflecting resilient trading despite global challenges. 2. **Operating Profit**: Increased by 32.2% due to improved product mix and cost control. 3. **EBITDA**: Increased by 54.5%, driven by operational efficiency and cost management. 4. **Cash Generated from Operations**: Significantly increased by 724.3%, primarily due to improved working capital management. 5. **Cash and Cash Equivalents**: Decreased slightly by 2.5%, despite strong cash generation, due to capital expenditures and dividend payments. 6. **Pension Deficit**: Reduced by 24.5% due to contributions and a revised investment strategy. 7. **Total Debt**: Decreased by 44.9% as all bank debt was settled following the divestment of the investment property.
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46RP
46RP 46RP
06:01
Market

Co-op Group - 2025 Trading Update

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RR.
RR. RR.
06:01
Market

Transaction in Own Shares

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VLG
VLG Venture Life Group PLC
06:01
Market

Transaction in Own Shares

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IGG
IGG IG Group Holdings PLC
06:01
Market

Transaction in Own Shares

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PIN
PIN Pantheon International PLC
06:01
Market

Transaction in Own Shares

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CLDN
CLDN Caledonia Investments
06:01
Market

Transaction in Own Shares

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GBG
GBG GB Group plc
06:01
Market

Transaction in Own Shares

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PSON
PSON Pearson PLC
06:01
Market

Transaction in Own Shares

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GLB
GLB Glanbia plc
06:01
Market

Transaction in Own Shares

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EXPN
EXPN Experian PLC
06:01
Market

Transaction in Own Shares

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IMI
IMI IMI PLC
06:01
Market

Transaction in Own Shares

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BAB
BAB Babcock International Group…
06:01
Market

Transaction in Own Shares

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FAIR
FAIR Fair Oaks Income Limited
06:01
Market

Transaction in Own Shares

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SEQI
SEQI Sequoia Econ Infrastructure
06:01
Market

Transaction in Own Shares

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SAA
SAA M&C Saatchi
06:01
Market

Transaction in Own Shares

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UTG
UTG Unite Group PLC
06:01
Market

Transaction in Own Shares

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DRX
DRX Drax Group PLC
06:01
Market

Transaction in Own Shares

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RKT
RKT Reckitt Benckiser Group PLC
06:01
Market

Transaction in Own Shares

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FDEV
FDEV Frontier Developments Plc
06:01
Market

Transaction in Own Shares

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SNDA
SNDA Sunda Energy Plc
06:01
Market

Draw down from loan facility

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GMR
GMR Gaming Realms plc
06:01
Market

Transaction in Own Shares

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MTO
MTO Mitie Group PLC
06:01
Market

Transaction in Own Shares

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HVPE
HVPE HarbourVest Global Private …
06:01
Market

Transaction in Own Shares

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SAG
SAG Science Group plc
06:01
Market

Transaction in Own Shares

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HICL
HICL HICL Infrastructure Company…
06:01
Market

Transaction in Own Shares

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MCB
MCB McBride plc
06:01
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Transaction in Own Shares

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CURY
CURY Currys PLC
06:01
Market

Transaction in Own Shares

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CHRY
CHRY Chrysalis Investments Ltd
06:01
Market

Transaction in Own Shares

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

Transaction in Own Shares

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EDIN
EDIN Edinburgh Investment Trust
06:01
Market

Transaction in Own Shares

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VTY
VTY Vistry Group PLC
06:01
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Transaction in Own Shares

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CHRT
CHRT Cohort
06:01
Market

Contract Announcement

Cohort PLC announces that its Portuguese subsidiary, EID, has secured a €42.3M contract to supply Integrated Communication Systems (ICS) and Networks to the Portuguese Navy for their new fleet, including Supply and Offshore Patrol Vessels.…

Cohort PLC announces that its Portuguese subsidiary, EID, has secured a €42.3M contract to supply Integrated Communication Systems (ICS) and Networks to the Portuguese Navy for their new fleet, including Supply and Offshore Patrol Vessels. The contract, to be delivered by 2029, strengthens Cohorts relationship with the Portuguese Navy and enhances its order book and future revenue visibility. This win, alongside a recent contract by EM Solutions, highlights Cohorts capabilities in supporting maritime modernization programs.
NewContract
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JDW
JDW J D Wetherspoon PLC
06:01
Market

Transaction in Own Shares

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SYN
SYN Synergia Energy Ltd.
06:01
Market

Interim Report for the Half-Year Ended 31 Dec 2025

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MCON
MCON Mincon Group P
06:01
Market

Annual Report and Notice of AGM

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KEN
KEN Kendrick Resources PLC
06:01
Market

Kieshöhe Project Update

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HOME
HOME Home REIT Ltd
06:01
Market

Half-year Financial Report

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NCC
NCC NCC Group plc
06:01
Market

Transaction in Own Shares

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ANG
ANG Angling Direct PLC
06:01
Market

Transaction in Own Shares

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BARC
BARC Barclays PLC
06:01
Market

Form 8.3 NCC GROUP PLC

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BARC
BARC Barclays PLC
06:01
Market

Form 8.3 JUST GROUP PLC

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VEIL
VEIL Vietnam Enterprise Investme…
06:01
Market

Transaction in Own Shares

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BARC
BARC Barclays PLC
06:01
Market

Form 8.3 JTC PLC

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AIRC
AIRC Air China Limited
06:01
Market

POLL RESULTS OF EGM

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BARC
BARC Barclays PLC
06:01
Market

Form 8.3 SPIRE HEALTHCARE GROUP PLC

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AIRC
AIRC Air China Limited
06:01
Market

LIST OF DIRECTORS AND THEIR ROLE AND FUNCTION

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BARC
BARC Barclays PLC
06:01
Market

Form 8.3 BRITISH LAND COMPANY PLC, THE

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BARC
BARC Barclays PLC
06:01
Market

Form8.5EPT/NonRIACONSORTIUMCOMPRISINGLONDONMETRICP

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BARC
BARC Barclays PLC
06:01
Market

Form 8.3 IQE PLC

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BARC
BARC Barclays PLC
06:01
Market

Form 8.3 INTERNATIONAL PERSONAL FINANCE PLC

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BARC
BARC Barclays PLC
06:01
Market

Form 8.3 LIFE SCIENCE REIT PLC

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BARC
BARC Barclays PLC
06:01
Market

Form 8.5 EPT/Non RI BEAZLEY PLC

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BARC
BARC Barclays PLC
06:01
Market

Form 8.5 EPT/Non RI CAB PAYMENTS HOLDINGS PLC

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BARC
BARC Barclays PLC
06:01
Market

Form 8.5 EPT/Non RI PICTON PROPERTY INCOME LIMITED

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BARC
BARC Barclays PLC
06:01
Market

Form 8.5 EPT/Non RI SENIOR PLC

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BARC
BARC Barclays PLC
06:01
Market

Form 8.5 EPT/Non RI SCHRODERS PLC

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FGP
FGP FirstGroup PLC
06:01
Market

Pre-close trading update

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FGT
FGT Finsbury Growth & Income Tr…
06:01
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First Interim Dividend

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BRGE
BRGE BlackRock Greater Europe In…
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Total Voting Rights

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BERI
BERI Blackrock Energy and Resour…
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Total Voting Rights

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FARN
FARN Faron Pharmaceuticals Oy
06:01
Market

Faron Pharmaceuticals Ltd: Faron appoints new CTO to strengthen late-stage development activities

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CPI
CPI Capita PLC
06:01
Market

Disposal

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EDV
EDV Endeavour Mining Corp
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['BlackRock, Inc.', '11.920000', '12.930000']
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NBPE
NBPE NB Private Equity Partners …
06:01
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NBPE Announces Transaction in Own Shares

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AMRQ
AMRQ Amaroq Minerals Ltd.
06:01
Market

2025 full year financial results

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OSB
OSB OneSavings Bank PLC
06:01
Market

2025 ANNUAL REPORT AND ACCOUNTS AND 2026 NOTICE OF ANNUAL GENERAL MEETING

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AMRQ
AMRQ Amaroq Minerals Ltd.
06:01
Market

Uppgjör 4. ársfjórðungs og ársins 2025

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PSH
PSH Pershing Square Holdings Ltd
06:01
Market

Transaction in Own Shares

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Digested News

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

NRR logo
Latest RNS 16:14
NRR

Director/PDMR Shareholding

NewRiver REIT plc

The Company announces that on 25 March 2026, Allan Lockhart, Chief Executive Officer and Director of the Company, transferred 22,270 Ordinary Shares of one penny each into his SIPP. The transfer was effected through the sale of 22,270 Ordinary Shares at a price of 72.3629 pence and immediate re<mark style="background-color:yellow">purchase</mark> of 22,270 Ordinary Shares into his SIPP, at a price of 72.157 pence per share for 19,627 Ordinary Shares and 72.306 pence per share for 2,643 Ordinary Shares.
FDR logo
Latest RNS 16:10
FDR

Holding(s) in Company

First Development Resources Plc

TR1 Buy
['First Equity Limited', '6.250325', '5.388211']
IPF logo
Latest RNS 16:06
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['Barclays PLC', '6.310000', '5.970000']
GMET logo
Latest RNS 15:58
GMET

Holding(s) in Company

Guardian Metal Resources PLC

TR1 Buy
['Duquesne Family Office LLC', '12.730000', '14.750000']
RIII logo
Latest RNS 15:33
RIII

Result of AGM

Rights and Issues Investment Trust Public Limited Company

GNC logo
Latest RNS 15:28
GNC

Director/PDMR Shareholding

Greencore Group

A <mark style="background-coloryellow">PURCHASE</mark> OF 43,000 ORDINARY SHARES OF £0.01 EACH IN GREENCORE GROUP PLC.
IEM logo
Latest RNS 15:05
IEM

Holding(s) in Company

Impax Environmental Markets PLC

TR1 Buy
['Bank of America Corporation', '0.000000', '0.000000']
RMMC logo
Latest RNS 15:04
RMMC

Continuation of Share Buyback Programme

River and Mercantile UK Micro Cap Investment Company Ltd

River UK Micro Cap Limited announces the continuation of its share buyback programme, appointing Singer Capital Markets Securities Limited to manage the purchase of ordinary shares up to £2.0 million. The programme will buy shares at a discount of 8.0% to the most recent NAV per share, with repurchased shares held in treasury for potential cancellation. The initiative operates within the 14.99% general buyback authority approved at the 2026 AGM. The company confirms no inside information is held.
BuyBack
BRLA logo
Latest RNS 15:03
BRLA

Tender Offer

BlackRock Latin American Investment Trust plc

BlackRock Latin American Investment Trust plc (BRLA) announces a tender offer to shareholders, following underperformance against the MSCI EM Latin America Index and trading at an average discount to NAV. The offer allows shareholders to tender up to 24.99% of issued share capital at a price reflecting cum-income NAV minus 2% and related costs. A revised discount control mechanism is introduced, offering a 100% tender opportunity if future performance conditions are not met. Shareholder approval is required at the 2026 AGM and a General Meeting on May 29, 2026. The tender offer is conditional on various factors, including continuation votes and compliance with regulations. The Board recommends shareholders vote in favor of the tender offer resolution.
Offers
WKP logo
Latest RNS 14:59
WKP

Holding(s) in Company

Workspace Group PLC

TR1 Buy
['Saba Capital Management, L.P.', '0.183844', '0.162494']
WKP logo
Latest RNS 14:53
WKP

Holding(s) in Company

Workspace Group PLC

TR1 Buy
['Bank of America Corporation', '0.000000', '0.000000']
IPF logo
Latest RNS 14:26
IPF

Form 8.3

International Personal Finance PLC

BRLA logo
Latest RNS 14:23
BRLA

Final Results

BlackRock Latin American Investment Trust plc

**Summary**
BlackRock Latin American Investment Trust plc released its final results for the year ended 31 December 2025, highlighting a strong performance in Latin American equities, which outperformed other major regions with a return of 54.8%. The companys net asset value (NAV) increased by 54.8% in US Dollar terms, matching the benchmark MSCI EM Latin America Index. The share price rose by 65.1% in US Dollar terms. Key financial metrics include net assets of US$170.5 million, net asset value per share of 578.96 US cents, and total revenue return of 28.85 cents per share. The company declared interim dividends totaling 26.59 cents per share, funded from current year revenue and reserves.
The Chairs statement emphasized Latin Americas diversification benefits and the regions strong performance driven by factors like falling inflation, easier monetary policy, and strong foreign inflows. The companys portfolio benefited from exposure to real estate, metals, and healthcare sectors, with notable contributions from companies like Cyrela Brazil Realty, Rede D’or Sao Luiz, and Ero Copper Corp.
The company introduced a revised discount control mechanism, offering shareholders a tender for up to 100% of their shares if the NAV does not outperform the benchmark over a four-year period. This mechanism aims to reduce the discount at which shares trade relative to NAV. The Board also agreed to cap operating charges at 1.3% of average net assets post-tender implementation.
Looking ahead, the company remains optimistic about Latin Americas prospects, citing easing inflation, attractive valuations, and the regions geopolitical neutrality. The Board expects the company to continue operating successfully, supported by its closed-end structure and long-term investment horizon.
Financial Metric20252024Change %
Net assets (US$’000)170,496115,962+47.0%
Net asset value per ordinary share (US$ cents)578.96393.78+47.0%
Ordinary share price (US$ cents)543.40348.17+56.1%
Discount6.1%11.6%-47.4%
Net profit after taxation (US$’000)8,4956,890+23.3%
Revenue earnings per ordinary share (US$ cents)28.8523.40+23.3%
Total dividends payable/paid (US$ cents)26.5924.70+7.7%
### Year-on-Year Comparison and Debt Analysis: - **Net Assets and NAV**: Both net assets and net asset value per share increased significantly by 47.0% in 2025 compared to 2024, reflecting strong portfolio performance. - **Share Price**: The ordinary share price increased by 56.1%, outpacing the increase in NAV, which led to a reduction in the discount from 11.6% to 6.1%. - **Profitability**: Net profit after taxation increased by 23.3%, driven by higher revenue earnings per share. - **Dividends**: Total dividends payable increased by 7.7%, indicating a steady return to shareholders. - **Debt**: The text does not explicitly mention debt levels, but the bank overdraft (a form of short-term debt) increased from US$6,769,000 in 2024 to US$17,889,000 in 2025, suggesting higher leverage or working capital needs. However, this is within the limits set by the overdraft facility agreement.
BOW logo
Latest RNS 13:41
BOW

Holding(s) in Company

Bow Street Group plc

<mark style="background-coloryellow">TR1</mark> Buy
['Pentwater Capital Management LP', '', 0]
SFOR logo
Latest RNS 11:59
SFOR

Director/PDMR Shareholding

S4 Capital PLC

On 24 March 2026, the Company received notification of the <mark style="background-color:yellow">purchase</mark> of 991,550 ordinary shares of £0.25 each by Rupert Roderick Faure Walker, a Non-Executive Director of the Company.
IPF logo
Latest RNS 11:34
IPF

Form 8.3

International Personal Finance PLC

PTSB logo
Latest RNS 10:31
PTSB

Holding(s) in Company

Permanent TSB Group Holdings PLC

TR1 Buy
['The Goldman Sachs Group, Inc.', '3.61', '3.61']
HGEN logo
Latest RNS 09:50
HGEN

Holding(s) in Company

Hydrogenone Capital Growth PLC

TR1 Buy
['Philip J Milton & Company Plc', '12.740000', '10.940000']
BWY logo
Latest RNS 09:19
BWY

Holding(s) in Company

Bellway PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Asset Management Holdings Inc.', 'Below minimum threshold', '4.759662']
MPE logo
Latest RNS 09:17
MPE

Director/PDMR Shareholding

M.P.Evans Group

<mark style="background-coloryellow">Purchase</mark> of 10p shares in the capital of M.P. Evans Group PLC
BGUK logo
Latest RNS 08:32
BGUK

Holding(s) in Company

Baillie Gifford UK Growth Fund PLC

TR1 Buy
['Allspring Global Investments Holdings.', '4.920000', '5.003000']
BRFI logo
Latest RNS 08:20
BRFI

Portfolio Update

BlackRock Frontiers Investment Trust plc

BlackRock Frontiers Investment Trust PLC released its portfolio update as of February 28, 2026, highlighting strong performance across various metrics. The trusts net asset value (NAV) returned +0.7% in February, aligning with its benchmark, the MSCI Frontier + Emerging ex Selected Countries Index (+0.5%). Key markets like Thailand (+20.5%), Oman (+19.7%), and Kenya (+13.1%) drove gains, while Colombia (-12.2%) and Pakistan (-8.7%) underperformed. Top contributors included Kenyan banks KCB Group and Equity Group, Thai retailer CP All, and Philippine gaming company Digiplus. Detractors were led by IT services firm EPAM, Argentinian oil company YPF, and Saudi digital platform Derayah. Portfolio adjustments included increasing stakes in Kazakh fintech Kaspi and initiating Bank of the Philippine Islands, while exiting Ayala and LPP. The trust remains optimistic about smaller emerging and frontier markets, citing easing inflation, stable U.S. bond yields, and attractive valuations as supportive factors for future growth.
Metric20252026Change
Total Assets (£m)326.6N/AN/A
Net Asset Value (US Dollar, cum income)268.30c268.30c0.00%
Net Asset Value (Sterling, cum income)199.56p199.56p0.00%
Share Price (Sterling)206.00pN/AN/A
Premium to cum-income NAV (%)3.2%N/AN/A
GearingNilNilN/A
Net Yield (%)3.6%N/AN/A
Ongoing Charges (%)1.42%N/AN/A
Ongoing Charges + Taxation and Performance Fee (%)2.87%N/AN/A
Market Exposure - Long (%)110.9 (Dec 2025)121.3 (Feb 2026)+9.36%
Market Exposure - Short (%)1.9 (Dec 2025)2.0 (Feb 2026)+5.26%
Market Exposure - Gross (%)112.8 (Dec 2025)123.3 (Feb 2026)+9.31%
Market Exposure - Net (%)109.0 (Dec 2025)119.3 (Feb 2026)+9.45%
**Note:** The table compares available financial data from 2025 to 2026. Some metrics (e.g., Total Assets, Share Price, Premium to cum-income NAV, Net Yield, Ongoing Charges) do not have 2026 data available, hence marked as "N/A". Market Exposure data is compared between December 2025 and February 2026.
CCH logo
Latest RNS 08:06
CCH

Launch of Issue of Notes

Coca Cola HBC AG

Coca-Cola HBC AG, through its subsidiary Coca-Cola HBC Finance B.V., announced the launch of a triple tranche Euro-denominated fixed-rate issue of Notes with maturities of 2.5, 4.5, and 7.5 years. The Notes, guaranteed by Coca-Cola HBC AG, are part of a €10 billion Euro Medium Term Note Programme. Proceeds will fund general financing needs and the cash component of the acquisition of Coca-Cola Beverages Africa, expected to complete by year-end 2026. The Notes will be listed on the London Stock Exchange, with details available in the Prospectus. The offering is not available to U.S. investors.
Launch
WEIR logo
Latest RNS 06:35
WEIR

Holding(s) in Company

Weir Group PLC

TR1 Buy
['The Capital Group Companies, Inc.', '13.057358', '12.309569']
WIZZ logo
Latest RNS 06:16
WIZZ

Holding(s) in Company

Wizz Air Holdings PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Chase & Co.', 'Below minimum threshold', '0.894083']
CWR logo
Latest RNS 06:03
CWR

Ceres and Centrica sign a strategic partnership

Ceres Power Holdings PLC

Ceres Power Holdings plc and Centrica plc have signed a strategic partnership to accelerate the deployment of solid oxide on-site power solutions across the UK and Europe. The collaboration aims to address the growing gap between electricity demand and grid capacity by providing high-efficiency, low-carbon, grid-independent power solutions for commercial and industrial customers, including data centers, AI hubs, and manufacturing facilities. Centrica will leverage Ceres advanced Solid Oxide Fuel Cell (SOFC) and Solid Oxide Electrolysis Cell (SOEC) technologies, combined with its energy supply and trading expertise, to offer scalable, fuel-flexible power generation. The partnership also explores integrating Ceres SOEC technology with Centricas AMR program to produce green hydrogen, supporting the UKs clean energy strategy. This initiative promises faster deployment, long-term cost certainty, and reduced carbon emissions, while easing pressure on the grid and fostering economic growth.
Partner
CWR logo
Latest RNS 06:01
CWR

Final results for the year ended 31 December 2025

Ceres Power Holdings PLC

**Summary**
Ceres Power Holdings plc, a UK-based clean energy technology developer, reported its final results for the year ended 31 December 2025. Key financial highlights include a strong cash position of £83.3 million, revenue of £32.6 million (down 37% from 2024), and a gross profit of £22.7 million with a sector-leading gross margin of 70%. The company generated its first royalties, marking a significant milestone. Strategic achievements include manufacturing license agreements with Weichai in China and Delta in Taiwan, factory production by Doosan in South Korea, and testing of solid oxide electrolysis demonstrators in Japan and India. Ceres implemented a business transformation plan to accelerate commercial opportunities, aiming for 20% operating cost savings in 2026. The companys contracted revenue for 2026 is approximately £45 million before new business. Despite challenges like Boschs withdrawal and a hydrogen market slowdown, Ceres remains focused on commercial growth, particularly in power markets for data centers, commercial buildings, and industrial applications. The company is well-positioned for future growth in both power and hydrogen markets.
Here is the HTML table code comparing the financials and debt year on year for Ceres Power Holdings plc: tr>
Financial Metric2025 (£'000)2024 (£'000)Change (£'000)Change (%)
Total Revenue32,64351,891(19,248)(37%)
Gross Profit22,70440,164(17,460)(43%)
Adjusted EBITDA Loss(32,522)(22,287)(10,235)46%
Operating Loss(47,621)(31,317)(16,304)52%
Net Cash and Investments83,272102,465(19,193)(19%)
Net Cash Used in Operating Activities(20,070)(35,941)15,871(44%)
**Key Observations:** * **Revenue Decline:** Total revenue decreased by 37% from £51.89 million in 2024 to £32.64 million in 2025, primarily due to the timing of revenues recognized in 2024 related to technology transfers. * **Gross Profit Margin Compression:** Gross profit margin decreased from 77% in 2024 to 70% in 2025, despite maintaining a strong margin, due to the lower revenue base. * **Increased Losses:** Adjusted EBITDA loss and operating loss both increased significantly in 2025, driven by the decline in revenue and increased operating costs. * **Reduced Cash Outflow:** Net cash used in operating activities decreased by 44% from £35.94 million in 2024 to £20.07 million in 2025, reflecting disciplined cash management. * **Strong Cash Position:** Despite the reduced cash outflow, the company maintained a strong cash and investments position of £83.27 million in 2025, down from £102.47 million in 2024. **Note:** The table does not include debt information as it is not explicitly mentioned in the provided text. However, the company's strong cash position and reduced cash outflow suggest a relatively healthy financial position.
VINO logo
Latest RNS 06:01
VINO

Launch of Mobile App

Virgin Wines UK PLC

Virgin Wines UK PLC launches its first mobile app on iOS and Android, enhancing customer experience with personalized features like a "wine cellar" for tracking purchases and preferences, exclusive offers, and Virgin Points rewards. The app aligns with the companys medium-term growth strategy, aiming to boost engagement, sales, and customer acquisition. CEO Jay Wright highlights the apps role in simplifying wine exploration and strengthening customer relationships.
Launch
AVG logo
Latest RNS 06:01
AVG

Scientific Magnetics Ships 20th Quantum Magnet

Avingtrans Plc

Avingtrans PLC announces that its subsidiary, Scientific Magnetics Ltd, has shipped its 20th superconducting magnet for quantum computing applications, marking a significant milestone. This achievement aligns with the UK governments £2.5 billion investment in AI and quantum technologies, aimed at scaling quantum computing and creating 100,000 jobs. Scientific Magnetics, with over 30 years of expertise, is well-positioned as a key supplier of precision magnet systems for quantum computers, with 18 more systems in production and a strong order book. The company also develops advanced magnet systems for MRI, scientific research, and medical physics, contributing to the growing quantum computing industry.
full
MRK logo
Latest RNS 06:01
MRK

Pre Close Trading Update & Board Change

Marks Electrical Group PLC

Marks Electrical Group plc released a pre-close trading update for FY26, reporting robust H2 revenue (+4.7% vs H1), with expected FY26 sales of £108.5m (FY25: £117.2m) due to focus on margin-enhancing strategies. Adjusted EBITDA is projected to exceed £2m, surpassing consensus, supported by cost rationalization and operational efficiencies. Cash is expected to close between £3.5m-£4.0m, reflecting strong working capital management. Tom Pallatt appointed as permanent CFO from April 1, 2026, bringing extensive finance experience. CEO Mark Smithson highlighted strong momentum and compliance with CMA investigations. The company remains committed to consumer and competition laws.
MetricFY25FY26Change
Revenue (£m)117.2108.5-7.4%
Adjusted EBITDA (£m)N/A>2.0N/A
Cash (£m)N/A3.5-4.0N/A
**Notes:** - Revenue decreased by 7.4% year-on-year, from £117.2m in FY25 to £108.5m in FY26. - Adjusted EBITDA for FY26 is expected to be in excess of £2.0m, but no comparative figure is provided for FY25. - Cash is expected to close in the range of £3.5m-£4.0m in FY26, but no comparative figure is provided for FY25.
NANO logo
Latest RNS 06:01
NANO

Shoei Litigation Conclusion

Nanoco Group plc

Nanoco Group PLC and Shoei Chemical Inc. have settled their ongoing litigation with a definitive agreement. Neither party will pay compensation, and both will cover their own costs. Nanoco agrees not to sue Shoei, its customers, or suppliers for using Nanocos Quantum Dot (QD) patents in the display field for existing and new patents over the next three years. Shoei agrees not to sue Nanoco, its customers, or suppliers for using Shoeis QD patents in the sensing field for existing and new patents over the same period. All other terms of the agreement remain confidential.
Litigation
BPM logo
Latest RNS 06:01
BPM

New Share Buyback Programme

B P Marsh and Partners PLC

B.P. Marsh & Partners Plc announces a new £2 million share buyback programme, managed by Singer Capital Markets, to reduce share capital. The programme operates under shareholder authority granted in June 2025, allowing repurchase of up to 3,710,000 ordinary shares. Repurchased shares will be held in treasury, with the programme expiring by July 2026 or at the 2026 AGM. The company plans to seek further shareholder approval for a similar authority at the 2026 AGM.
BuyBack
THG logo
Latest RNS 06:01
THG

Preliminary FY 2025 results

THG Holdings PLC

THG PLCs preliminary FY 2025 results show significant growth, with adjusted EBITDA ahead of guidance and a profit after tax of £54.1m. The company achieved broad-based continuing CCY revenue growth, with a record H2 performance. Key highlights include
Full-year revenue growth of +2.3%, with H2 performance c.15% ahead of consensus.
Adjusted EBITDA of £76.6mahead of guidance and consensus.
Profit after tax of £54.1msupported by disposals.
£162m gross debt reduction and £103m cash proceeds from the sale of Claremont Ingredients.
Strong start to FY 2026, with revenue and Adjusted EBITDA expectations unchanged.
Significant positive developments in the HMRC case regarding protein powder VAT treatment.
The companys strategic initiatives, including the demerger of THG Ingenuity and the disposal of Claremont Ingredients, have simplified the group and strengthened its financial foundations. THG Beauty and THG Nutrition both delivered strong performances, with THG Beauty achieving a record Q4 and THG Nutrition expanding its offline and licensing channels. The company enters 2026 with strong trading momentum and a focus on material free cash flow delivery.
Here is the comparison of financials and debt year on year presented as an HTML table:
MetricFY 2025FY 2024Change
Total Revenue£1,717.0m£1,751.4m-2.0%
Adjusted EBITDA£76.6m£83.3m-8.1%
Profit After Tax£54.1mLoss (£326.1m)N/A
Gross Debt Reduction£162mN/AN/A
Net Debt (before lease liabilities)£233.0m£304.3m-23.4%
Cash and Available Facilities£333mN/AN/A
**Key Observations:** - **Revenue:** Total revenue decreased by 2.0% from FY 2024 to FY 2025, but on a constant currency basis, it grew by 2.3%. - **Adjusted EBITDA:** Adjusted EBITDA decreased by 8.1%, primarily due to strategic investments and external headwinds. - **Profit After Tax:** The company moved from a significant loss in FY 2024 to a profit in FY 2025, supported by disposals. - **Debt Reduction:** Gross debt was reduced by £162m, and net debt decreased by 23.4%. - **Liquidity:** The company maintains strong liquidity with £333m in cash and available facilities.
HSW logo
Latest RNS 06:01
HSW

Preliminary results for the year ended 31 Dec 2025

Hostelworld Group PLC

Hostelworld Group PLC reported preliminary results for the year ended 31 December 2025, highlighting revenue acceleration, improved marketing efficiency, and a focus on expanding its social travel platform. Key financial metrics include a 2% year-on-year increase in full-year net revenue to €93.8 million, with a significant step-up in H2 2025, and adjusted EBITDA of €19.9 million, in line with consensus. The companys social network engagement grew, with 3.4 million members and an 81% increase in member messaging. Strategic initiatives included the successful launch of Elevate, driving higher commission rates, and the expansion of budget accommodation offerings. Financial highlights also include a 2% increase in net bookings to 7.0 million and a 2% rise in Net Average Booking Value to €13.43. The company maintained a disciplined capital allocation approach, with a closing cash position of €12.2 million and a total dividend of 2.40 € cent per share. Looking ahead, Hostelworld anticipates low double-digit revenue growth in 2026 and 2027, supported by its expanded platform and AI-driven capabilities.
Financial Metric20242025Change YoY
Generated Revenue (€m)91.593.8+2%
Net Revenue (€m)92.093.8+2%
Net Bookings (m)6.97.0+1%
Net Average Booking Value (€)13.2113.43+2%
Adjusted EBITDA (€m)21.819.9-9%
Adjusted Profit After Tax (€m)17.415.0-14%
Net Debt (€m)(2.0)1.6N/A
Cash Position (€m)8.212.2+50%
Direct Marketing as % of Revenue46%48%+2%
TRB logo
Latest RNS 06:01
TRB

Preliminary Results year ended 31 December 2025

Tribal Group plc

Tribal Group PLC, a leading provider of software and services to the international education market, reported strong preliminary results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**Group revenue increased by 4% to £92.5 million, driven by a 3% growth in Student Information Systems (SIS) revenue and a 9% growth in Etio revenue.
**Adjusted EBITDA**Adjusted EBITDA rose by 8% to £17.5 million, with an Adjusted EBITDA margin of 19%.
**Profitability**Statutory profit before tax surged by 136% to £12.5 million, aided by reduced exceptional costs.
**Cash Position**Net cash significantly improved to £11.4 million, up from a net debt of £3.2 million in 2024, reflecting strong cash flow performance.
**Recurring Revenue**Annual Recurring Revenue (ARR) grew by 11% to £63.3 million, with recurring revenue comprising 86% of SIS revenue.
**Strategic Progress**Successful launch of the Higher Education Full Service (HEFS) proposition, generating £2.7 million in incremental ARR, and significant new SIS wins, including London South Bank University and Durham University.
**Dividends**Increased total dividend for the year to 2.8p per share, up 331%, including a special dividend of 1.5p per share.
**Outlook**The company is well-positioned for continued growth, focusing on recurring revenue, cloud adoption, and leveraging AI opportunities in the education sector.
Tribal Groups strong financial and operational performance in FY25 underscores its strategic progress and positions it for sustainable growth in the evolving education technology market.
Financial Metric2024 (Reported)2024 (Constant Currency)2025Year-on-Year Change (Constant Currency)
Revenue£90.0m£88.8m£92.5m4.2%
Adjusted EBITDA£16.7m£16.2m£17.5m8.1%
Net Cash/(Debt)Net Debt £3.2mNet Debt £3.2mNet Cash £11.4mSubstantial Improvement
Annual Recurring Revenue (ARR)£57.0m£57.0m£63.3m11.0%
Gross Revenue Retention (GRR)93%93%95%2.0pp Increase
Net Revenue Retention (NRR)106%106%108%2.0pp Increase
Free Cash Flow£7.3m£7.3m£16.1m120.5% Increase
Statutory Profit before Tax£5.9m£5.3m£12.5m135.8%
MER logo
Latest RNS 06:01
MER

Preliminary Results

Mears Group plc

Mears Group PLC, a leading UK housing services provider, reported strong financial, operational, and strategic progress in its preliminary results for the year ended 31 December 2025. Key highlights include
**Revenue Growth**Total revenue increased slightly to £1,135.5 million, with a 12% rise in Maintenance-led revenue to £620.4 million, offset by an 11% decline in Management-led revenue to £515.0 million.
**Profitability**Statutory operating profit rose by 3% to £75.0 million, with adjusted operating margin improving to 5.7%. Profit before tax was marginally lower at £63.5 million.
**Cash Performance**Average daily adjusted net cash was £52.8 million, with strong cash conversion at 82% of EBITDA.
**Strategic Progress**New contract awards valued at over £300 million, including significant retentions and new wins. The order book reached an all-time high of £4.0 billion.
**Acquisitions and Divestments**The acquisition of Pennington Choices enhanced compliance capabilities, while the disposal of non-core Facilities Management activities simplified the Groups focus on housing services.
**Dividends and Share Buybacks**A 9% increase in the full-year dividend to 17.50p per share, and a new £20 million share buyback programme approved.
**Outlook**Confidence in delivering Maintenance-led growth of 5-9% annually, with adjusted operating margins expected to remain within 5-6%.
Overall, Mears demonstrated resilience and strategic advancement, positioning itself for continued growth in the housing sector.
Here is the comparison of financials and debt year on year for Mears Group PLC, presented as an HTML table:
Metric2025 (£m)2024 (£m)Change
Total Revenue1,135.51,132.5+0%
Revenue - Maintenance-led620.4555.8+12%
Revenue - Management-led515.0576.7-11%
Statutory operating profit75.072.6+3%
Adjusted operating profit (pre-IFRS 16)64.863.6+2%
Profit before tax63.564.1-1%
Average daily adjusted net cash52.859.6-11%
Adjusted net cash at 31 December51.891.4-43%
Net debt (including IFRS 16 lease obligations)(266.9)(206.1)+29%
**Key Observations:** - **Revenue:** Total revenue remained relatively stable, with a slight increase of 0.03% from £1,132.5m in 2024 to £1,135.5m in 2025. - **Maintenance-led Revenue:** Increased by 12%, driven by organic growth and new contract wins. - **Management-led Revenue:** Decreased by 11%, primarily due to the normalization of revenues from the Asylum Accommodation and Support Contract (AASC). - **Profitability:** Statutory operating profit increased by 3%, while adjusted operating profit (pre-IFRS 16) increased by 2%. Profit before tax marginally decreased by 1%. - **Cash Position:** Average daily adjusted net cash decreased by 11%, and adjusted net cash at year-end decreased significantly by 43%, reflecting increased capital allocation for share buybacks, M&A, and property acquisitions. - **Debt:** Net debt increased by 29%, primarily due to the inclusion of IFRS 16 lease obligations and increased borrowings to fund acquisitions and property purchases. This table provides a concise comparison of key financial metrics and debt levels for Mears Group PLC between 2024 and 2025.
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Latest RNS 06:01
FRAN

Directors' dealings

Franchise Brands PLC

<mark style="background-coloryellow">Purchase</mark> of shares
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Latest RNS 06:01
ZEG

Holding(s) in Company

Zegona Communications Plc

TR1 Buy
['Thornburg Investment Management, Inc.', '14.930000', '15.010000']
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Latest RNS 06:01
SQZ

2025 full-year results

Serica Energy PLC

**Summary**
Serica Energy plc, a UK-based oil and gas company, reported its 2025 full-year results, highlighting strategic progress, portfolio strengthening, and increased production. The companys production reached over 65,000 boepd by the end of 2026, driven by successful acquisitions and organic growth. Despite challenges like unscheduled downtime at the Triton FPSO, Sericas production averaged 27,600 boepd in 2025, with a year-to-date average of 38,600 boepd. The companys acquisitions, including a 40% stake in the Greater Laggan Area from TotalEnergies, significantly enhanced its reserves and resources, with 2P reserves increasing by 19% to 138.5 mmboe. Sericas focus on short-cycle, low-risk opportunities and its strong balance sheet position it well for future growth and shareholder returns. The company also emphasized its commitment to energy security and domestic gas supply, particularly through its West of Shetland operations. Despite a loss after taxation of $52 million due to a non-cash deferred tax charge, Serica maintained its dividend and expects material free cash flow generation in 2026. The companys strategy includes further M&A activities and a potential move to the Main Market of the LSE.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Revenue ($ million)727601-17.3%
EBITDAX ($ million)379210-44.6%
Cash Tax paid ($ million)1539-94.1%
Adjusted CFFO less tax ($ million)403187-53.6%
Capital expenditure ($ million)278250-10.1%
Free cash flow ($ million)-1-24-2,300%
Cash and restricted cash ($ million)14831-79.1%
Total debt ($ million)2312310%
Net (debt) / cash ($ million)-83-200-141%
Final dividend declared (pence per share)10100%
Dividends paid ($ million)11385-24.8%
**Key Observations:** - **Revenue and EBITDAX Decline:** Revenue decreased by 17.3% and EBITDAX by 44.6%, primarily due to lower production volumes caused by unscheduled downtime at the Triton FPSO. - **Significant Reduction in Cash Tax:** Cash tax paid decreased by 94.1% due to lower taxable income and the utilization of tax losses. - **Decrease in Adjusted CFFO:** Adjusted CFFO less tax decreased by 53.6%, reflecting the impact of lower revenue and higher operating costs. - **Stable Capital Expenditure:** Capital expenditure remained relatively stable, with a slight decrease of 10.1%. - **Worsening Free Cash Flow:** Free cash flow deteriorated significantly, with a 2,300% increase in negative free cash flow due to lower operating cash flow and higher capital expenditure. - **Decline in Cash Position:** Cash and restricted cash decreased by 79.1%, primarily due to capital expenditures and dividend payments. - **Stable Debt Level:** Total debt remained unchanged at $231 million. - **Increased Net Debt:** Net debt increased by 141% due to the decline in cash and restricted cash. - **Stable Dividend:** The final dividend declared remained unchanged at 10 pence per share, despite the challenging financial performance. - **Lower Dividends Paid:** Dividends paid decreased by 24.8%, likely due to the lower profitability and cash flow.
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Latest RNS 06:01
PTEC

Final Results

Playtech Plc

Playtech PLC, a leading platform, content, and services provider in the online gambling industry, announced its final results for the year ended 31 December 2025. The company reported strong execution on its Americas strategy, upgrading its FY26 outlook after an excellent start. Key highlights include
**Financial Performance**Revenue declined by 10% to €763.6 million, and EBITDA decreased by 9% to €197.0 million, primarily due to the revised Caliente agreement. However, underlying software fees from Caliente grew strongly.
**Strategic Transactions**Completed the sale of Snaitech for €2.3 billion, generating over €800 million in cash since ownership, and paid a special dividend of approximately €1.8 billion to shareholders.
**Americas Growth**Key growth markets in the Americas performed ahead of expectations, with strong contributions from the US (revenue up ~100%) and Latin America, driven by investments in Caliente Interactive and Hard Rock Digital (HRD).
**Balance Sheet Strength**Maintained a strong balance sheet, enabling investment and capital returns, including repurchasing 8.3% of issued share capital in H2 for €77 million.
**Outlook**Expects FY26 Adjusted EBITDA to be ahead of current consensus expectations, despite regulatory headwinds in many markets.
Operationally, Playtech reported under three segments: B2B, investment income, and B2C. The B2B segment saw revenue decline due to the Caliente agreement impact, but underlying performance was solid, especially in regulated markets. The Americas strategy showed strong progress, with significant revenue growth in the US and Canada, and expansion into new states. Live revenue increased, and SaaS revenues grew by 48%.
Investment income was driven by the revised Caliente agreement, with Adjusted investment income of €61.8 million. Dividends from HRD totaled €10.3 million, reflecting strong growth.
The B2C segment, now a lower strategic priority, saw revenue decline to €78.5 million, with Adjusted EBITDA losses narrowing to €6.2 million as the HAPPYBET business was wound down.
Playtechs CEO, Mor Weizer, emphasized the companys transition to a focused B2B technology business, highlighting strong performance in the US and Latin America, and expressed confidence in achieving medium-term targets of €250-300 million in Adjusted EBITDA and €70-100 million in Free Cash Flow.
Here is the comparison of financials and debt year on year in an HTML table format: 0
MetricFY2024FY2025Change
Revenue€848.0 million€763.6 million(10%)
EBITDA€217.5 million€197.0 million(9%)
Post-tax profit / (loss)€61.8 million€44.2 million(28%)
Net cash / (debt)Net debt of €142.8 millionNet cash of €28.5 millionn/a
B2B Revenue€754.3 million€688.3 million(9%)
B2B Adjusted EBITDA€222.0 million€141.4 million(36%)
Investment income€2.8 million€61.8 millionn/a
B2C Revenue€97.8 million€78.5 million(20%)
B2C Adjusted EBITDALoss of €7.3 millionLoss of €6.2 millionn/a
**Key Observations:** * **Revenue Decline:** Revenue decreased by 10% from FY2024 to FY2025, primarily due to the impact of the revised Caliente agreement and the sale of Snaitech. * **EBITDA Margin Compression:** EBITDA margin decreased from 25% in FY2024 to 26% in FY2025, driven by lower B2B EBITDA margins due to the revised Caliente agreement. * **Investment Income Growth:** Investment income significantly increased from €2.8 million in FY2024 to €61.8 million in FY2025, mainly due to the revised Caliente agreement and dividends from Hard Rock Digital. * **Debt Reduction:** The company transitioned from a net debt position of €142.8 million in FY2024 to a net cash position of €28.5 million in FY2025, primarily due to the proceeds from the Snaitech sale and the revised Caliente agreement. * **B2B Segment:** B2B revenue and EBITDA declined due to the revised Caliente agreement, but underlying performance excluding this impact showed growth in regulated markets. * **B2C Segment:** B2C revenue and EBITDA losses narrowed, reflecting the wind-down of HAPPYBET and the challenging UK market conditions.
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Latest RNS 06:01
FTC

$8.0m contract win with US Company

Filtronic

Filtronic plc secures an $8.0m (£6.0m) contract with a US company to develop, manufacture, and qualify high-performance amplifier products for satellite communications. The contract, starting March 2026 and expected to complete in 2027, leverages Filtronics proprietary GaN-based and MMIC technologies, expanding its satellite communications offerings. This win underscores Filtronics leadership in advanced RF solutions for strategic markets like space, aerospace, defense, and telecoms infrastructure.
NewContract
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Latest RNS 06:01
POLN

Full Year 2025 Trading Update

Pollen Street PLC

**Summary**
Pollen Street Group Limiteds full-year 2025 trading update highlights significant growth and strategic achievements. The company reported a 30% increase in Total Assets Under Management (AUM) to £7.1 billion, with Fee-Paying AUM rising 32% to £5.2 billion. This growth was driven by successful fundraising in both Private Equity and Private Credit strategies, with flagship funds significantly outperforming targets.
Financial performance was robust, with a 14% increase in Profit After Tax to £56.6 million and a 19% rise in Earnings Per Share (EPS) to 93.7p. The Asset Management segments share of net revenues grew to 71%, and the company deployed £1.6 billion across its strategies.
Key highlights include the final close of Private Equity Fund V at €1.5 billion and Private Credit Fund IV reaching £1.8 billion, with further commitments expected. The company also declared a total dividend of 58.0 pence per share, 8% higher than the previous year, and reaffirmed its medium-term target of reaching £10 billion in Total AUM.
CEO Lindsey McMurray attributed the success to strong fundraising, disciplined underwriting, and active portfolio management. The company remains focused on deploying capital, preparing for new investment strategies, and delivering sustainable value to investors and shareholders.
Despite market challenges, Pollen Street Group demonstrated resilience, with its shares outperforming the FTSE 250 index in 2025. The companys strategic priorities for 2026 include continued deployment of capital, preparing for the next generation of investment strategies, and maintaining its progressive dividend policy.
The Boards decision to adjust the allocation of Carried Interest in Private Credit Fund IV reflects the companys commitment to recognizing individual contributions and supporting long-term growth. Pollen Street Group enters 2026 with momentum, a robust pipeline, and confidence in its ability to capitalize on opportunities for sustainable growth.
Financial Metric2025 (£m)2024 (£m)YoY Growth (%)
Total Assets Under Management (AUM)7.15.430%
Fee Paying AUM5.24.032%
Fund Management Income81.166.821%
Fund Management Administration Costs(49.4)(39.6)25%
Fund Management EBITDA31.727.217%
Income on Net Investment Assets32.931.84%
EBITDA64.659.010%
Profit After Tax56.649.614%
EPS (pence)93.778.819%
DPS (pence)58.053.68%
Debt Metric2025 (£m)2024 (£m)YoY Change (£m)
Interest-bearing borrowings (Current)121498(377)
Interest-bearing borrowings (Non-current)199,538187,76711,771
Total Interest-bearing borrowings199,659188,26511,394
**Year-on-Year Financial Comparison:** - **Assets Under Management (AUM):** Increased by 30% from £5.4 billion in 2024 to £7.1 billion in 2025. - **Fee Paying AUM:** Grew by 32% from £4.0 billion in 2024 to £5.2 billion in 2025. - **Fund Management Income:** Rose by 21% from £66.8 million in 2024 to £81.1 million in 2025. - **Fund Management EBITDA:** Increased by 17% from £27.2 million in 2024 to £31.7 million in 2025. - **Profit After Tax:** Climbed by 14% from £49.6 million in 2024 to £56.6 million in 2025. - **EPS:** Jumped by 19% from 78.8p in 2024 to 93.7p in 2025. - **DPS:** Increased by 8% from 53.6p in 2024 to 58.0p in 2025. **Debt Comparison:** - **Interest-bearing borrowings (Current):** Decreased by £377 million from £498 million in 2024 to £121 million in 2025. - **Interest-bearing borrowings (Non-current):** Increased by £11.771 billion from £187.767 billion in 2024 to £199.538 billion in 2025. - **Total Interest-bearing borrowings:** Increased by £11.394 billion from £188.265 billion in 2024 to £199.659 billion in 2025.
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Latest RNS 06:01
SBAR

Final Results for the Year Ended 30 September 2025

Sundae Bar Plc

Sundae Bar PLC, an AI enterprise platform company, reported its final results for the year ended 30 September 2025. Key financial highlights include £2 million raised during AIM admission, total assets of £1.65 million, and an operating loss of £1.2 million. The company wrote down goodwill by £25 million due to the early stage of its platforms commercial development, but this adjustment did not impact cash, operations, or intellectual property. Strategic focus remains on enhancing platform functionality, expanding developer participation, securing enterprise partnerships, and increasing transaction activity. The company aims to convert its infrastructure into measurable commercial traction, with a pathway to value creation through recurring revenue generation. Despite the goodwill impairment, the board remains confident in the long-term opportunity and has established a conservative foundation for future growth.
Financial Metric20242025Change
Total Assets (£)890,7461,645,194+84.7%
Cash and Cash Equivalents (£)610,642658,878+7.9%
Operating Loss (£)(2,359,423)(1,201,143)-49.1%
Goodwill Impairment (£)0(25,079,236)N/A
Net Loss (£)(2,358,491)(26,933,312)+1042.2%
Total Equity (£)841,4421,429,355+70.0%
Debt (£)49,304215,839+337.8%
### Explanation: 1. **Total Assets**: Increased significantly from £890,746 in 2024 to £1,645,194 in 2025, primarily due to the acquisition of Ora Technology Plc and other strategic investments. 2. **Cash and Cash Equivalents**: Modest increase from £610,642 to £658,878, reflecting careful cash management despite significant operational and acquisition costs. 3. **Operating Loss**: Decreased from £2,359,423 to £1,201,143, indicating improved operational efficiency despite the early stage of commercial development. 4. **Goodwill Impairment**: A significant impairment of £25,079,236 was recognized in 2025 due to the early stage of the platform's commercial development and limited revenue visibility. 5. **Net Loss**: Increased dramatically from £2,358,491 to £26,933,312, largely due to the goodwill impairment and other non-cash adjustments. 6. **Total Equity**: Increased from £841,442 to £1,429,355, reflecting the issuance of new shares and the revaluation of assets. 7. **Debt**: Increased significantly from £49,304 to £215,839, indicating higher short-term liabilities as the company scales its operations.
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Latest RNS 06:01
ECOR

Full Year Results

Ecora Resources PLC

Ecora Royalties PLC, a critical minerals-focused royalty and streaming company, reported its full-year results for 2025, highlighting a landmark year with record portfolio contributions from critical minerals, strong deleveraging, and strategic acquisitions. The companys portfolio contribution reached $57.0 million, with base metals contributing 50%, driven by strong performance at Voiseys Bay, Mantos Blancos, and the newly acquired Mimbula copper stream. Adjusted earnings were $22.1 million, and free cash flow increased by 21% to $27.4 million. Ecora also reversed a $14.1 million impairment charge related to Voiseys Bay due to improved mine plans and higher cobalt prices. The company maintained a strong balance sheet, with net debt of $85.5 million, and declared a final dividend of 1.4 cents per share. Ecoras outlook remains positive, with expected volume growth in base metals and a series of value catalysts from its development projects.
Financial Metric2024 (US$m)2025 (US$m)Year-on-Year Change
Portfolio Contribution63.257.0(10%)
Royalty and Metal Stream Revenue59.655.9(6%)
Profit After Tax(9.8)22.2N/A (Swing to Profit)
Adjusted Earnings28.922.1(24%)
Free Cash Flow22.127.421%
Net Debt82.385.54%
Dividend per Share (cents)2.812.00(29%)
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PREM

Funding

Premier African Minerals Ltd

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SOHO

Results For the 12 Months Ended 31 December 2025

Triple Point Social Housing REIT PLC

**Summary**
Social Housing REIT PLC (SOHO) reported its final results for the 12 months ended December 31, 2025, highlighting improved earnings and operational oversight under the management of Atrato Partners Limited. Key financial highlights include a 20.9% rise in adjusted earnings per share, a significant improvement in adjusted dividend cover to 1.17x, and an 11.7% increase in net rental income to £40.03 million. The company raised its dividend target by 3%, declared dividends of 5.622 pence per share, and achieved substantial cost savings with an EPRA cost ratio reduced to 18.7%. SOHOs debt profile remains highly attractive with an average fixed cost of 2.74% and a Fitch A- investment grade rating reaffirmed. The portfolio was valued at £606.3 million with a Net Initial Yield of 6.42%. Operationally, rent collection improved to 91.5%, and the company made progress in lease assignments and portfolio optimization, including the disposal of non-core assets. The company is well-positioned for growth, focusing on earnings growth, portfolio optimization, cost discipline, and accretive growth opportunities, while maintaining a strong commitment to providing high-quality supported housing and delivering long-term, inflation-linked income for shareholders.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Net Rental Income (£ million)35.8540.03+11.7%
Adjusted Earnings per Share (pence)5.406.53+20.9%
Dividends per Share (pence)5.465.62+3%
Adjusted Dividend Cover0.99x1.17x+18.2%
EPRA Cost Ratio29.9%18.7%-37.5%
Rent Collection87.6%91.5%+4.4%
Net Loan to Value37.7%39.5%+4.8%
Average Fixed Cost of DebtN/A2.74%N/A
Total Debt (£ million)261.4263.5+0.8%
**Key Observations:** * **Improved Financial Performance:** Net rental income, adjusted earnings per share, and rent collection all increased year-over-year, indicating stronger operational performance. * **Enhanced Dividend Coverage:** The adjusted dividend cover ratio increased significantly, suggesting the company is generating more earnings to support its dividend payments. * **Reduced Costs:** The EPRA cost ratio decreased substantially, reflecting successful cost-saving initiatives. * **Stable Debt Profile:** While total debt increased slightly, the average fixed cost of debt remained attractive, and the net loan to value ratio increased only marginally.
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Latest RNS 06:01
MET1

Update re Lions Bay Resources Offer for Vantage

Metals One PLC

Lions Bay Resources (LBR) has made a significant step towards acquiring the Vantage Goldfields assets in South Africa for US$40 million, with a creditor meeting scheduled for April 9, 2026, to approve the rescue plan. Metals One Plc, which will own 30% of LBR upon conversion of its convertible loan notes, has a substantial investment exposure to LBR and its parent company, Lions Bay Capital Inc. (LBI). LBR has already deposited US$6 million and plans to secure the remaining US$30 million in escrow, with LBI exploring various funding options to complete the deal. The acquisition is part of LBRs strategy to create a vertically integrated gold business, leveraging the Vantage Assets historical gold resources and infrastructure. Metals Ones Managing Director, Daniel Maling, expressed optimism about the progress, highlighting the potential benefits of the acquisition, including access to cheap power and a gold concentrate roasting complex.
Offers
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Latest RNS 06:01
OXB

Preliminary results for the year ended 31 Dec 2025

Oxford BioMedica PLC

**Summary**
Oxford Biomedica PLC (OXB) reported strong preliminary results for the year ended 31 December 2025, highlighting strategic execution, robust revenue growth, and positive Operating EBITDA. Key financial highlights include
**Revenue Growth** 33% increase to £170.9 million (constant currency), driven by growth in lentiviral vector GMP manufacturing, increased client progression, and expansion in procurement and storage services.
**Operating EBITDA** Achieved a profit of £8.1 million (constant currency), up from a £15.3 million loss in 2024, reflecting revenue growth and cost management.
**Revenue Backlog** Increased by 36% to £204 million, indicating strong future revenue potential.
**Strategic Expansion** Acquired an FDA-approved commercial-scale viral vector manufacturing facility in Durham, NC, enhancing global CDMO capabilities.
**New Commercial Agreement** Signed a multi-year agreement with Bristol Myers Squibb (BMS) for lentiviral vector manufacturing post-period.
**Financial Guidance** Projected 2026 revenues of £220-240 million with a 10% Operating EBITDA margin, and medium-term revenue growth of 25-30% with margins rising to at least 20% by 2027.
Operationally, OXB expanded its global CDMO network, improved efficiency, and strengthened its balance sheet through equity raises and loan facilities. The company also advanced its innovation efforts, particularly in AAV and lentiviral vector technologies, and enhanced its ESG commitments. The acquisition of the Durham facility and strategic partnerships underscore OXBs position as a global leader in cell and gene therapy CDMO services, poised for sustained growth and profitability.
Financial Metric20242025Year-on-Year Change
Revenue£128.8 million£170.9 million (CC)33% increase
Operating EBITDA£(15.3) million£8.1 million (CC)Profitability achieved
Underlying Operating EBITDA (excluding Durham gain)N/A£3.3 million (CC)New metric introduced
Revenue BacklogN/A£204 million36% increase
Contracted Value of Orders£186 million£224 million20% increase
Net Cash£20.6 million£55.4 million169% increase
Debt (Loans)£39.79 million£41.488 million4.3% increase
### Key Observations: 1. **Revenue Growth**: Revenue increased by 33% year-on-year, driven by growth in lentiviral vector GMP manufacturing, increased client progression through clinical development, and growth in procurement and storage services. 2. **EBITDA Improvement**: Operating EBITDA turned positive, achieving £8.1 million (CC) compared to a loss of £15.3 million in 2024, reflecting strong revenue growth and cost control. 3. **Debt Increase**: Debt increased slightly by 4.3%, primarily due to new loans drawn down and interest accruals. 4. **Cash Position**: Net cash position significantly improved, increasing by 169% to £55.4 million, supported by equity raises and improved operating performance. 5. **Order Book Strength**: Revenue backlog and contracted value of orders both increased substantially, indicating strong future revenue visibility and continued growth.
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Latest RNS 06:01
RENX

Half-year Report

Renalytix AI plc

Renalytix PLC, a precision medicine diagnostics company, reported its Half Year Report for the six months ended 31 December 2025. Key highlights include
Revenue growth to $1.6 million, up from $1.3 million in the same period last year.
Addition of 58 new practice sites across four active regions in the US.
Expansion to five fully integrated EHR systems, up from two in the prior year.
Initiation of eight new integrations to expand access for approximately 10,000 eligible patients.
Extension of data integration pipelines to leading EMR platforms, including Epic Systems, Athenahealth, and eClinicalWorks.
Reduction in underlying EBITDA loss year-on-year, reflecting disciplined cost management.
Commencement of transition to a new laboratory facility to enhance capacity and improve gross margin.
Raising of $9.5 million through an oversubscribed placing and retail offer at a premium to the prior 6-month share price.
Post-period highlights include advancing contract discussions with major US diagnostic companies for national distribution, submission for publication of two-year outcomes data, progression of CE marking submission, and advancement of program milestones for inclusion in a major pharma drug trial.
The companys CEO, James McCullough, emphasized the progress made in expanding clinical adoption, advancing integration-led deployment, strengthening the clinical utility program, and enhancing operational efficiency. The company expects revenue acceleration in the second half of FY26 and improved momentum into FY27.
**Summary** Renalytix PLC reported revenue growth, expanded its clinical network, and made progress in integration and operational efficiency. The company raised additional capital and is positioning itself for scaled growth through national distribution partnerships and inclusion in a major pharma drug trial.
Financial MetricHY26 (Dec 2025)HY25 (Dec 2024)Year-on-Year Change
Revenue$1.6 million$1.3 million23.1%
Commercial Test Revenue$1.1 million$1.2 million-8.3%
Life Sciences Revenue$0.5 million$0.1 million400%
Cost of Sales$0.8 million$0.8 million0%
Administrative Costs$7.9 million$8.0 million-1.3%
Operating Loss$7.1 million$7.5 million-5.3%
Underlying EBITDA Loss$6.4 million$7.2 million-11.1%
Cash and Cash Equivalents$6.1 million$3.6 million69.4%
Debt (Convertible Note)$4.7 million$8.2 million-42.7%
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Latest RNS 06:01
STG

Final Results For Year Ended 31 December 2025

Strip Tinning Holdings PLC

Strip Tinning Holdings PLC reported its financial results for the year ended 31 December 2025, showing a performance in line with market expectations. The company highlighted operational enhancements and a strong sales order book, positioning it for accelerated growth. Key financial highlights include total revenues of £8.6 million, a significant increase in Battery Technologies division sales to £2.1 million, and improved gross margins to 40.0%. Operationally, the company is well-positioned for growth, particularly in the Battery Technologies division, with an increasing order book and strong pipeline. The company also improved its cash position, generating £1.6 million in operating activities and reducing cash burn through cost and capex reductions. The outlook is positive, with expectations of being EBITDA positive from FY26 onwards and cash generative from FY27. The company is focused on delivering new projects and securing additional funding to support its growth initiatives.
Financial Metric20242025Change
Total Revenues (£'000)9,0278,592-435
Battery Technologies Division Sales (£'000)1,0002,1001,100
Glazing Division Sales (£'000)8,0006,500-1,500
Gross Margins (%)33.1%40.0%6.9%
Adjusted EBITDA (£'000)(1,900)(500)1,400
Cash Generated from Operating Activities (£'000)(2,300)1,6003,900
Cash at Year End (£'000)512617105
Basic EPS (pence)(25.9)(11.6)14.3
Total Debt (£'000)6,6526,521-131
### Explanation: 1. **Total Revenues**: Decreased by £435,000 from £9,027,000 in 2024 to £8,592,000 in 2025. 2. **Battery Technologies Division Sales**: More than doubled from £1,000,000 in 2024 to £2,100,000 in 2025. 3. **Glazing Division Sales**: Decreased by £1,500,000 from £8,000,000 in 2024 to £6,500,000 in 2025. 4. **Gross Margins**: Improved from 33.1% in 2024 to 40.0% in 2025. 5. **Adjusted EBITDA**: Improved by £1,400,000 from a loss of £1,900,000 in 2024 to a loss of £500,000 in 2025. 6. **Cash Generated from Operating Activities**: Swung from a use of £2,300,000 in 2024 to a generation of £1,600,000 in 2025. 7. **Cash at Year End**: Increased by £105,000 from £512,000 in 2024 to £617,000 in 2025. 8. **Basic EPS**: Improved by 14.3 pence from a loss of 25.9 pence in 2024 to a loss of 11.6 pence in 2025. 9. **Total Debt**: Decreased by £131,000 from £6,652,000 in 2024 to £6,521,000 in 2025.
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Latest RNS 06:01
III

Action Capital Markets Seminar & portfolio update

3I Group PLC

3i Group plc announces a capital markets seminar featuring Action, its largest portfolio company, with a live webcast at 10:00 UK time on March 26, 2026. Action reported strong 2025 financial results, with net sales of €16 billion and EBITDA of €2.367 billion, and continued growth in 2026, with net sales up 14.5% year-to-date. Guidance for 2026 includes 4-5% like-for-like sales growth, at least 400 new store openings, and a maintained EBITDA margin of 14.8%. Action plans to expand its European white space potential to 4,650 stores and aims to enter the U.S. market by 2027/2028. 3i’s overall portfolio performance remains encouraging, with resilience expected despite geopolitical challenges and opportunities in AI integration. Full-year results will be published in May.
Metric20242025Change
Net Sales (€ million)13,79316,00016%
Operating EBITDA (€ million)2,0762,36714%
EBITDA Margin15.1%14.8%-0.3%
LFL Sales GrowthN/A4.9%N/A
Stores AddedN/A384N/A
Cash and Cash Equivalents (€ million)N/A900 (as of 22 March 2026)N/A

Year-to-Date (YTD) Comparison (Week 12)

Metric2025 (Week 12)2026 (Week 12)Change
Net Sales (€ billion)3.233.714.5%
LFL Sales GrowthN/A4.0%N/A
LFL Sales Growth ex-FranceN/A5.8%N/A
Stores AddedN/A24N/A

Guidance for 2026

MetricTarget
Like-for-like Sales Growth4-5%
Net Store Opening TargetAt least 400
EBITDA MarginMaintained at 14.8%
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Latest RNS 06:01
AEO

Trading Update for the 18 Months Ended 31 Dec 2025

Aeorema Communications Plc

Aeorema Communications Plc reports strong financial performance for the 18 months ended December 2025, with revenue and profit ahead of expectations. Underlying profit before tax increased by 10% to £770,000, exceeding previous forecasts. The company secured record bookings for the Cannes Lions Advertising Festival and successfully expanded into the SXSW event in Austin, Texas. Operational efficiency improved following a restructuring program, and the new financial year started with significant momentum. Bank balances remained healthy, and the company maintained its progressive dividend policy. A share buyback program was initiated, with 260,500 shares purchased since January 2026. The outlook for 2026 is positive, supported by a strong pipeline of confirmed work and improved operational alignment. Audited results are expected in May 2026.
Metric18 Months to Dec 202518 Months to Dec 2024Change
Turnover£29,400,000£27,500,000+7.27%
Profit Before Tax (Reported)£410,000£318,000+28.93%
Underlying Profit Before Tax£770,000£318,000+142.14%
Bank Balance (as of announcement)£2.6 million£2.4 million+8.33%
Average Bank Balance (previous 12 months)£3 millionN/AN/A
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Latest RNS 06:01
HHI

Annual Financial Report

Henderson High Income Trust

Henderson High Income Trust PLC reported strong financial results for the year ended 31 December 2025, with a total return performance of 20.4% for NAV and 22.6% for share price, outperforming the benchmark return of 20.6%. The companys net assets increased to £340.2 million, and the dividend for the year was 10.90p, marking the 13th consecutive year of dividend growth. The companys gearing decreased to 17.5%, and the ongoing charge for the year was 0.68%. The companys investment strategy, which favors equities over bonds, contributed positively to the performance, although equity stock selection in the second half of the year was a negative factor. The companys management fee was reduced to 0.45% of adjusted net assets from 1 January 2026. The company also continued its share buyback program, purchasing 2,622,692 shares in 2025, and the discount to NAV narrowed to 5.7%. The companys responsible investing approach, which integrates ESG factors into investment processes, was highlighted, and the companys voting decisions at general meetings were discussed. The companys prospects and outlook were positive, with the UK equity market expected to remain volatile but attractive in a global context. The companys focus on delivering a high level of income for shareholders while also aiming for capital growth over the longer term was reiterated.
Financial Metric20242025Change
NAV per share (pence)174.72198.77+13.76%
Mid-market price per share (pence)162.50187.50+15.38%
Revenue return per share (pence)10.7411.28+5.03%
Net assets (£ million)303.2340.2+12.20%
Dividend for the year (pence)10.6010.90+2.83%
Dividend yield (%)6.55.8-10.77%
Ongoing charge for the year (%)0.740.68-8.11%
Gearing (%)21.017.5-16.67%
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Latest RNS 06:01
AIEA

Final Results for the year ended 31 December 2025

Airea Plc

AIREA PLC, a UK design-led specialist flooring company, reported its final results for the year ended 31 December 2025, highlighting resilient trading despite global economic and geopolitical challenges. Key financial highlights include a 1.0% increase in full-year revenue to £21.45 million, a 32.0% rise in operating profit to £0.9 million, and a 66.7% increase in the final dividend to 1.00p per share. The company also made significant progress in its business transformation, including strategic investments in manufacturing capabilities and the launch of new sustainable products. Despite a slowdown in the second half of the year, AIREA remains confident in its long-term growth strategy, supported by its focus on innovation, sustainability, and operational efficiency. The company is nearing completion of its new manufacturing facility, which is expected to enhance its competitive position and support future growth.
Financial Metric2025 (£000)2024 (£000)Change (£000)Change (%)
Revenue21,44721,2342131.0%
Operating Profit91669322332.2%
EBITDA1,7001,10060054.5%
Cash Generated from Operations2,2422721,970724.3%
Cash and Cash Equivalents2,0122,063(51)-2.5%
Pension Deficit3,0274,007(980)-24.5%
Total Debt (Loans and Borrowings)498904(406)-44.9%
### Notes: 1. **Revenue**: Increased by 1.0% year-on-year, reflecting resilient trading despite global challenges. 2. **Operating Profit**: Increased by 32.2% due to improved product mix and cost control. 3. **EBITDA**: Increased by 54.5%, driven by operational efficiency and cost management. 4. **Cash Generated from Operations**: Significantly increased by 724.3%, primarily due to improved working capital management. 5. **Cash and Cash Equivalents**: Decreased slightly by 2.5%, despite strong cash generation, due to capital expenditures and dividend payments. 6. **Pension Deficit**: Reduced by 24.5% due to contributions and a revised investment strategy. 7. **Total Debt**: Decreased by 44.9% as all bank debt was settled following the divestment of the investment property.
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Latest RNS 06:01
CHRT

Contract Announcement

Cohort

Cohort PLC announces that its Portuguese subsidiary, EID, has secured a €42.3M contract to supply Integrated Communication Systems (ICS) and Networks to the Portuguese Navy for their new fleet, including Supply and Offshore Patrol Vessels. The contract, to be delivered by 2029, strengthens Cohorts relationship with the Portuguese Navy and enhances its order book and future revenue visibility. This win, alongside a recent contract by EM Solutions, highlights Cohorts capabilities in supporting maritime modernization programs.
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