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All Market News Today All digested RNS titles 678
ZTF logo ZTF

Holding(s) in Company

Zotefoams PLC

TR1 Buy
['Lombard Odier Asset Management (Europe) Ltd', '5.290000', 0]
EARN logo EARN

Holding(s) in Company

EARNZ plc

TR1 Buy
['UBS Group AG - Investment Bank & Global Wealth Management', '0.000000', '6.199871']
CNSL logo CNSL

Holding(s) in Company

Cambridge Nutritional Sciences plc

TR1 Buy
['Cantor Fitzgerald Europe', '4.600000', '5.708700']
CLCO logo CLCO

Final Results

Cloudcoco Group PLC

**Summary**
CloudCoCo Group PLC, a Sheffield-based e-commerce and IT procurement company, announced its final results for the year ended 30 September 2025. The company reported a total comprehensive profit of £2.6 million, primarily driven by a gain on the disposal of its legacy managed services businesses. Group revenue decreased to £9.6 million due to the disposal, but continuing operations revenue remained stable at £8.0 million. The company successfully repaid its £6.2 million MXC loan notes, becoming substantially debt-free, and reduced Plc costs by 46% to £0.5 million.
Operationally, CloudCoCo made significant progress, with an annualised revenue run-rate approaching £10 million by the end of the year. The companys e-commerce platform, MoreCoCo, continued to drive revenues, with over 50% of orders processed without human intervention. The company also expanded its WebStore platform, supporting approximately 60 business customers.
Post year-end, CloudCoCo announced a strategic growth initiative, Project Brightstar, and raised £275,000 through a share subscription to support this initiative. The company aims to scale its revenues, improve margin quality, and move towards sustainable profitability, focusing on increasing direct web sales and expanding software-led revenue streams.
The companys strategic transformation, including the disposal of non-core businesses and the launch of Project Brightstar, positions CloudCoCo for future growth in the B2B technology procurement market. The Board believes the company is well-positioned to accelerate its growth strategy in FY2026, with a strengthened balance sheet, a lean cost base, and a clear strategic focus.
Financial MetricFY 2025FY 2024Year-on-Year Change
Group Revenue£9.6 million£27.5 millionDecrease of £17.9 million (65%)
Continuing Operations Revenue£8.0 million£8.7 millionDecrease of £0.7 million (8%)
Total Comprehensive Profit/Loss£2.6 million profit£3.1 million lossTurnaround of £5.7 million
Profit from Discontinued Operations£3.1 millionN/ANew item in FY 2025
Trading Group EBITDA (Continuing Operations)£0.08 million£0.06 millionIncrease of £0.02 million (33%)
Debt (MXC Loan Notes)£0 (fully repaid)£6.2 millionDecrease of £6.2 million (100%)
Plc Costs£0.5 million£0.8 millionDecrease of £0.3 million (38%)
MKA logo MKA

RetailBook Offer

Mkango Resources Ltd

Mkango Resources Ltd announces a conditional retail offer of new Common Shares via RetailBook, priced at 33 pence per share, representing a 14.5% discount to the closing mid-price on AIM as of March 31, 2026. The offer is open to both existing and new investors in the UK, with a minimum subscription of £250. The proceeds will support growth opportunities, capital expenditure, and working capital. The offer is conditional on the completion of a concurrent placing to institutional investors and admission of shares to trading on AIM and TSX-V by April 10, 2026.
Offers
SBO logo SBO

Holding(s) in Company

Schroder British Opportunities Trus

TR1 Buy
['Staude Capital Pty Ltd', '13.675946', '12.750000']
JEGI logo JEGI

Holding(s) in Company

JPMorgan European Growth & Income plc

TR1 Buy
['Allspring Global Investments Holdings.', '4.796000', '9.939000']
WSG logo WSG

Trading Update

Westminster Group Plc

Westminster Group Plc anticipates a 35% revenue increase to £8.2m for FY 2025, with an EBITDA loss of £0.62m. H1 2025 revenues are expected to double to £7.5m, with a £1.5m EBITDA profit, despite temporary cash flow issues due to delayed payments from Sierra Leone and Gabon contracts. The company is addressing funding through short-term loans, a potential $2.5m strategic investment, and an upcoming offshore banking facility. Progress is noted in resolving Gabon contract delays, with revenues expected from May 2026. The company highlights a strong pipeline of global opportunities, including significant projects in Africa, the Middle East, and the US, while restructuring its board and advisors to support future growth.
Financial Metric20242025 (Full Year)2025 (Half Year to 31 Dec)Change (Full Year)Change (Half Year)
Revenues (£m)6.078.27.5+35%+100%
EBITDA (£m)-1.47-0.621.5+58%N/A
Debt/FundingN/AShort-term loans, potential $2.5m investment, offshore banking facilityN/AN/AN/A
IPF logo IPF

Form 8.3

International Personal Finance PLC

IPF logo IPF

Form 8.3

International Personal Finance PLC

BYIT logo BYIT

Holding(s) in Company

Bytes Technology Ltd

TR1 Buy
['Public Investment Corporation SOC Ltd', '6.041', '5.210']
TEAM logo TEAM

Final Results

TEAM plc

TEAM plc, a wealth, asset management, and financial services group, announced its final audited results for the year ending September 30, 2025. The company reported significant growth and strategic transformations, including the acquisitions of WH Ireland and EPIC, which added over £1 billion in assets under management (AUM). These moves established TEAM as a scaled international platform, enhancing its recurring revenue streams, client diversification, and market presence across the UK, Channel Islands, and international markets.
**Financial Highlights**
**Revenue Growth** Organic growth across all divisions led to a 16% increase in sales to £12.0 million.
**Client Assets** Total client assets grew by 11% to £1.29 billion, driven primarily by the International division.
**Adjusted EBITDA** Improved to a loss of £1.4 million, demonstrating operational leverage as the business scales.
**AUM Growth** Post-year-end acquisitions are expected to increase AUM to over £2.3 billion.
**Strategic Acquisitions**
**WH Ireland** Acquired for £12.7 million, adding £0.97 billion in AUM and a UK-based wealth management team.
**EPIC Acquisitions**
**EPIC Markets (UK)** Acquired £157 million in AUM for £1 million.
**EPIC Fund Services (Guernsey)** Acquired for £880,000, adding fiduciary and corporate services capabilities.
**Operational Performance**
**Investment Management** Revenues rose 10% to £1.5 million, driven by Model Portfolio Services and UCITS funds.
**Advisory** Revenues increased 17.5% to £2.4 million, reflecting new client activity and transitions to discretionary management.
**International** Revenues grew 17% to £8.1 million, supported by adviser network expansion and strong demand.
**Post-Year-End Developments**
**Acquisition Impact** The acquisitions are expected to significantly increase AUM and revenues, positioning TEAM for accelerated growth.
**Strategic Integration** The acquisitions enhance TEAMs infrastructure, control, and scalability, creating a more integrated and higher-quality client proposition.
**Future Outlook**
**Profitability Path** The company is moving towards profitability, with scale and managed assets driving financial performance.
**Growth and Expansion** Continued focus on organic growth, strategic acquisitions, and operational efficiency to strengthen market position.
**Corporate Governance and Financial Position:**
**Governance** TEAM adheres to the QCA Corporate Governance Code, maintaining strong oversight and stakeholder engagement.
**Financial Position** Net assets declined to £8.7 million, reflecting losses and share issuances. Cash and cash equivalents stood at £1.359 million.
**Conclusion**
TEAM plcs strategic acquisitions and organic growth have transformed it into a scaled international wealth and asset management platform. With a focus on recurring revenues, operational efficiency, and client diversification, the company is well-positioned for future growth and profitability.
Here is the comparison of financials and debt year on year in an HTML table format:
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)Change (%)
Revenues10,27911,9531,67416%
Operating Loss(2,879)(2,656)2238%
Adjusted EBITDA(1,650)(1,362)28817%
Client Assets (£'m)1,1601,28912911%
Cash and Cash Equivalents1,7361,359(377)(22%)
Total Debt (Lease Liabilities + Loan Notes)2,3562,98262627%
**Notes:** * Total Debt is calculated as the sum of Lease Liabilities and Loan Notes. * The percentage change is calculated based on the absolute values, not considering the negative sign for losses. This table provides a concise comparison of key financial metrics and debt levels between 2024 and 2025. It highlights the growth in revenues, improvement in operating loss and adjusted EBITDA, increase in client assets, decrease in cash and cash equivalents, and rise in total debt.
IPF logo IPF

Form 8.3

International Personal Finance PLC

YNGA logo YNGA

Holding(s) in Company

Young & Co’S Brewery A

TR1 Buy
['FitzWalter Capital Limited', '13.091734', '12.536617']
ULVR logo ULVR

Unilever Foods and McCormick Agreement

Unilever PLC

Unilever PLC and McCormick & Company, Inc. have entered into an agreement to combine Unilevers Foods business with McCormick, creating a global flavor powerhouse with a superior growth profile. The combined business will have leading, iconic brands and high growth potential brands, with revenues of $20 billion based on fiscal year 2025 data.
**Key Points**
**Transaction Value** The enterprise value of Unilever Foods is $44.8 billion, with an EV/Sales ratio of 3.6x and an EV/EBITDA multiple of 13.8x.
**Ownership Structure** Unilever and its shareholders will receive shares equal to 65.0% of the fully diluted combined company equity, and Unilever will receive a cash payment of $15.7 billion. Unilever shareholders will own 55.1% of the combined company, while McCormick shareholders will own 35.0%.
**Synergies** The combined company expects to realize approximately $600 million of annual run-rate cost synergies, with full value expected by the end of year three. Incremental cost and revenue synergies of $100 million will be reinvested for growth.
**Leadership and Governance** The combined company will be led by McCormicks CEO and CFO, with senior management representation from Unilever Foods. McCormick will retain its name, global headquarters, and NYSE listing, and will establish international headquarters in the Netherlands with a planned secondary listing in Europe.
**Impact on Unilever** The separation of Unilever Foods will position Unilever as a leading pureplay HPC company, with a focus on Beauty, Wellbeing, Personal Care, and Home Care. Unilever expects to have an enhanced category footprint, superior growth in faster-growing markets, and a more premium portfolio with greater exposure to digital commerce.
**Value Creation** Unilever reaffirms its commitment to delivering mid-single digit underlying sales growth, underpinned by at least 2% underlying volume growth and continued modest improvement in operating margin. The capital allocation framework remains unchanged, prioritizing organic growth and productivity investments.
**Summary**
The combination of Unilevers Foods business with McCormick creates a global flavor leader with a strong growth profile, iconic brands, and significant synergies. The transaction values Unilever Foods at $44.8 billion and results in a new ownership structure, with Unilever shareholders owning a majority stake in the combined company. The deal is expected to enhance Unilevers focus on high-growth HPC categories, while creating a more diversified and robust flavor company. The combined entity will benefit from increased scale, complementary geographic footprints, and deep science and R&D capabilities to meet consumers growing demand for flavor.
Agreement
IPF logo IPF

Form 8.3

International Personal Finance PLC

HSW logo HSW

Publication of Annual Report and Notice of AGM

Hostelworld Group PLC

Hostelworld Group PLC has published its Annual Report for 2025 and announced its Annual General Meeting (AGM) for May 6, 2026. The report highlights the companys performance, strategic initiatives, and principal risks. Key points include
1. **Financial Performance and Strategy**: Hostelworld, a leading online hostel booking platform, emphasizes its global diversification and focus on social human connection. The company acquired OccasionGenius Inc. in 2025 to enhance its event discovery platform and diversify revenue streams.
2. **AGM Details**The AGM will be held at the companys offices in Dublin, Ireland, with a Circular and Form of Proxy provided to shareholders.
3. **Principal Risks**
**Macroeconomic Conditions**Increasing risk due to volatility in global travel demand.
**Artificial Intelligence (AI)**Increasing risk due to rapid evolution, impacting customer behavior, cybersecurity, and regulatory compliance.
**Impact of Uncontrollable Events**Increasing risk due to geopolitical tensions, climate-related events, and macroeconomic volatility.
**Other Risks**Steady risks include competition, data security, cyber security, regulation, and business continuity.
4. **Risk Management**The company employs a robust risk register process, involving all levels of the business, to identify, assess, and mitigate risks. The Board and Audit Committee oversee risk management, ensuring alignment with strategic objectives.
5. **Corporate Governance**The Directors are responsible for preparing financial statements in compliance with applicable laws and regulations, ensuring a true and fair view of the companys financial position.
6. **Sustainability and ESG**The company is committed to climate-related actions and transparency, overseen by an ESG Steering Committee.
7. **Contacts and Documentation**Relevant documents are available for inspection via the National Storage Mechanism and the companys website. Shareholders are encouraged to review the Annual Report and AGM materials.
Hostelworld remains focused on navigating challenges while leveraging opportunities in the evolving travel and technology landscape.
Since there is no financial data provided in the text, I cannot compare financials and debt year on year. However, I can provide a general HTML table structure that could be used for such a comparison if the data were available. th>Total Debt
YearRevenueNet IncomeDebt to Equity Ratio
2024N/AN/AN/AN/A
2025N/AN/AN/AN/A
If you provide the actual financial data, I can populate this table and provide a more detailed comparison.
BGS logo BGS

Annual Financial Report

Baillie Gifford Shin Nippon PLC

**Summary**
Baillie Gifford Shin Nippon PLC (BGS) released its annual financial report for the year ending January 31, 2026, highlighting a 5.4% increase in net asset value (NAV) per share and a 14.4% rise in share price, underperforming the comparative MSCI Japan Small Cap Index, which grew by 21.5%. Over five years, the companys NAV and share price declined by 36.1% and 43.8%, respectively, while the index increased by 42.4%. The company attributed its performance to challenges in investing in Japanese smaller companies, particularly high-growth, domestically-oriented small caps, exacerbated by rising interest rates, a weak yen, and valuation de-rating. Despite these headwinds, the board remains optimistic about the long-term growth potential of Japanese smaller companies, citing undervalued markets and strong fundamentals.
Key developments include the promotion of Brian Lum to lead portfolio manager and Jared Anderson to deputy portfolio manager, with a portfolio turnover of 21.2%. The companys share price ended the period at a 7.5% discount to NAV, and a final dividend of 0.69p per share was recommended. Shareholders approved changes to the tender offer and introduced a continuation vote in 2028 and a 100% performance-triggered tender. The annual management fee was adjusted to 0.65% on the first £250m of net assets and 0.55% on the remainder.
The companys total assets stood at £428.9 million, with a focus on achieving long-term capital growth through investments in Japanese smaller companies. The report also detailed the companys stewardship principles, environmental, social, and governance (ESG) engagement, and proxy voting activities, emphasizing long-term value creation, alignment, governance, and sustainable business practices.
Financial Metric20252026Year-on-Year Change
Net Asset Value (NAV) per Share139.4p146.3p+4.95%
Share Price119.0p135.4p+13.78%
Discount to NAV-14.6%-7.5%Improvement by 7.1%
Revenue Return per Share0.67p0.77p+14.93%
Final Dividend per Share0.60p0.69p+15.00%
Total Assets£453.21 million£428.92 million-5.36%
Bank Loans¥16.1 billion¥14.84 billion-7.83%
Net Gearing16.1%14.9%Reduction by 1.2%
Ongoing Charges Ratio0.80%0.81%+1.25%
MTE logo MTE

Company update and Director dealings

Montanaro European Smaller Companies Trust plc

The recent share <mark style="background-color:yellow">purchase</mark>s by the Board and the Manager reflect our strong conviction in the Companys strategy and prospects."
IXI logo IXI

Retail Offer

IXICO PLC

IXICO PLC announces a retail offer of up to 6,250,000 new ordinary shares at 8 pence each, alongside a £10 million fundraising through placings and a subscription. The retail offer, open to existing UK shareholders, aims to raise £0.5 million, with proceeds directed towards platform automation, analysis pipeline differentiation, and corporate development. The offer runs from March 31 to April 7, 2026, with admission to trading expected on April 17, 2026, subject to shareholder approval. The issue price represents a 1.6% premium to the previous closing price, and the offer is conditional on shareholder resolutions and completion of the first placing. Investors are warned of risks, including capital loss and dilution, and should consult independent advice.
Premium Placing
POS logo POS

Trading Update

Plexus Holdings plc

Plexus Holdings PLC provided a trading update for FY26, highlighting progress in its higher-margin rental model strategy, including doubling its rental fleet to 16 Exact EX wellhead sets. Despite sustained interest in its technology and a strong pipeline, project delays due to external factors like geopolitical tensions and policy uncertainties have impacted revenue expectations. Current activity includes £1.5m in P&A work under a UKCS Framework Agreement and a resumed Middle East exploration project. North Sea and North American projects face delays, but the company remains confident in its strategic positioning and pipeline strength, with sufficient working capital for the immediate future.
Financial AspectFY25 (Previous Year)FY26 (Current Year)Comparison
Revenue ExpectationNot SpecifiedSignificantly Below Previous ExpectationsDecrease
Capital ExpenditureNot SpecifiedNo Additional RequiredStable/Reduced
Working CapitalNot SpecifiedSufficient for Immediate FutureStable
DebtNot SpecifiedNot MentionedNo Change Reported
Rental Fleet Size8 Exact EX Wellhead SetsDoubled to 16 Exact EX Wellhead SetsIncrease
Project DelaysNot MentionedSignificant Delays in North Sea and North American ProjectsIncrease
MFAI logo MFAI

Literal Labs wins AI award

Mindflair Plc

Literal Labs, a portfolio company of Mindflair plc, has won the AI-Research & Innovation Award at the Global AI Excellence Award 2025 for its logic-based AI technology, which enables faster, lower-power inference on standard processors and edge devices. This recognition highlights Literal Labs technical innovation and commercial potential, reinforcing Mindflairs confidence in its AI-focused investment portfolio.
AI
GNIP logo GNIP

Commercial Update

GenIP PLC

GenIP Plc, a technology evaluation and commercialization platform, reports significant growth and strategic progress 18 months post-IPO. Key highlights include
**Revenue Growth**FY25 revenue surged ~330%, with strong demand across the US, Asia, and other markets.
**Market Expansion**Asia became the largest market, growing ~3,500% YoY, while Europe and Latin America grew ~111% and ~51%, respectively.
**Product Development**Invention Prioritizer and Invention Validator gained traction, broadening the product suite and increasing revenue per client.
**Commercial Resourcing**Strengthened leadership with new hires in enterprise sales, Latin America, and Asia to support pipeline expansion.
**Outlook**Focused on advancing institutional opportunities, expanding client engagements, and deploying new products, positioning GenIP for continued growth in 2026.
CEO Melissa Cruz emphasized global demand, deepening client relationships, and strategic alignment for the next growth phase.
MetricFY25FY26 (YoY Change)
Revenue Growthc.330%N/A (Not provided for FY26)
Asia Market Growthc.3,500%N/A (Not provided for FY26)
Europe Market Growthc.111%N/A (Not provided for FY26)
Latin America Market Growthc.51%N/A (Not provided for FY26)
Rest of World Market Growthc.21%N/A (Not provided for FY26)
Debt InformationNot providedNot provided
**Note:** The provided text does not contain specific financial figures or debt information for a year-on-year comparison. The table above reflects the available growth percentages for FY25 and notes the absence of FY26 data and debt information.
MAB1 logo MAB1

Launch of Share Buyback Programme

Mortgage Advice

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1) has launched a share buyback programme to purchase up to 478,775 ordinary shares at 0.1 pence each, primarily to fulfill obligations from share option programmes. The buyback, managed by Stifel Nicolaus Europe Limited (KBW), will operate within EU market regulations incorporated into UK law and is authorized by shareholders from May 21, 2025. Purchased shares will be held in treasury, with weekly announcements of transactions. The programme begins immediately and will end upon reaching the maximum share limit or the authoritys expiration.
Launch
DATA logo DATA

Launch of new £10 million Share Buyback Programme

GlobalData PLC

GlobalData Plc announces a new £10 million share buyback programme to return surplus capital to shareholders and reduce share capital. The programme, commencing on 31 March 2026, will repurchase and cancel ordinary shares within pre-set parameters, including price limits and volume restrictions, in compliance with UK regulations. The initiative operates under shareholder authority granted at the 2025 AGM and is managed by Investec Bank plc. Further regulatory announcements will be made as required.
Launch
CRTA logo CRTA

Preliminary Results

Cirata plc

**Summary**
Cirata PLCs preliminary results for FY25 highlight significant strategic and financial achievements. The company reported its strongest Data Integration (DI) bookings since 2017, with FY25 DI bookings at $13.2 million, a 181% increase year-on-year. Q4 FY25 DI bookings reached $9.8 million, the highest quarterly performance in the companys history. Cirata secured its largest direct and OEM contracts, a $3.1 million three-year deal with a US insurer and a $6.7 million three-year agreement via IBM, respectively. The divestment of the DevOps business for $3.4 million allowed Cirata to focus exclusively on DI, reducing its annualised cost base to $12-13 million, less than one-third of its peak.
Financial highlights include a 96% increase in total bookings to $13.9 million, a 77% rise in total revenue to $13.6 million, and a 74% decrease in adjusted EBITDA loss to $3.8 million. Cash and cash equivalents stood at $4.0 million, with short-term trade receivables of $3.4 million, totaling $7.4 million. The company targets cash flow positivity in Q1 FY26 and aims for cash flow break-even for FY26. The FCA investigation concluded with no further action, and Cirata launched Cirata Symphony, a new Data Orchestration platform.
Management emphasized the focus on building predictability, deepening strategic partnerships, and expanding within the Global 2000 customer base. Despite the inherent lumpiness of enterprise software revenues, Cirata is positioned for sustainable growth, supported by its strategic repositioning and market opportunities in Data Integration and Orchestration.
Financial Metric20242025Year-on-Year Change
Total Bookings ($m)7.113.996% Increase
Data Integration Bookings ($m)4.713.2181% Increase
Total Revenue ($m)7.713.677% Increase
Revenue from Continuing Operations ($m)4.611.9157% Increase
Revenue from Discontinued Operations ($m)3.11.745% Decrease
Total Cash Overheads ($m)20.616.122% Decrease
Cash Overheads Continuing Operations ($m)18.514.919% Decrease
Cash Overheads Discontinued Operations ($m)2.11.148% Decrease
Adjusted EBITDA Loss ($m)-14.4-3.874% Decrease in Loss
Operating Loss ($m)-15.8-4.671% Decrease in Loss
Cash and Cash Equivalents ($m)9.74.059% Decrease
Short-term Trade Receivables ($m)3.43.40% Change
Combined Cash and Short-term Receivables ($m)13.17.444% Decrease
HFG logo HFG

Preliminary Results

Hilton Food Group Plc

**Summary**
Hilton Food Group PLCs preliminary results for the 52 weeks ended 28 December 2025 highlight a resilient performance in core businesses, with adjusted profit before tax (PBT) of £73.2 million, including discontinued operations, and £69.0 million from continuing operations. The companys strategic review focuses on core meat businesses, with improvement plans for Seachill, Foppen, and Dalco. The 2026 outlook remains unchanged, with adjusted PBT expected between £60 million and £65 million.
Key financial highlights include a 0.2% volume increase, 11.9% revenue growth from continuing operations, and a 1.0% decline in adjusted PBT from continuing operations on a constant currency basis. The company proposes a final dividend of 24.9p, maintaining its progressive dividend policy.
Strategically, Hilton Foods aims to maximize its core meat business, enhance its product mix, and expand geographically. The company is investing in facilities in Canada and Saudi Arabia, with operations expected to commence in 2027. The balance sheet remains strong, with net bank debt slightly improved to £126.7 million.
Regional performance varies, with UK & Ireland facing challenges in the seafood business, while Europe and APAC show growth. The company is committed to sustainability, reducing emissions and maintaining its A CDP score.
In summary, Hilton Food Group demonstrates resilience in its core operations, strategic focus on growth, and commitment to sustainability and shareholder returns, despite short-term challenges in certain segments.
Financial Metric20252024Change
Revenue from Continuing Operations (£m)4,214.63,821.410.3%
Adjusted Operating Profit (£m)99.3104.7-5.2%
Adjusted Profit Before Tax (£m)73.276.1-3.8%
Net Bank Debt (£m)126.7131.4-3.6%
Free Cash Flow (£m)53.662.2-13.8%
Return on Capital Employed (ROCE)20.1%21.7%-1.6ppt
JDG logo JDG

Unaudited Preliminary Results

Judges Scientific Plc

**Summary**
Judges Scientific PLC, a scientific instrument sector company, reported unaudited preliminary results for FY25, highlighting a disappointing year with a 9.1% revenue increase to £145.8m, but adjusted operating profit rose only 0.4% to £28.0m. Adjusted basic earnings per share fell 2.9% to 275.3p, and cash generated from operations decreased 2.9% to £33.0m. Despite challenges, the company increased its final dividend by 10% to 82.3p per share. Key issues included a 10% drop in organic order intake, a 15.7-week organic order book, and a 17% decline in 2026 YTD order intake compared to 2025. The company faced headwinds from US research funding uncertainties and reduced investments in offshore wind. However, fundamentals remain intact, with a 10% minority interest in Geotek do Brasil acquired and strengthened executive leadership. The company expects 2026 Adjusted EPS to be in the range of 200p - 250p, assuming no coring expedition and no US trading recovery.
Financial Metric20242025Change
Revenue£133.6m£145.8m+9.1%
Adjusted Operating Profit£27.9m£28.0m+0.4%
Adjusted Basic Earnings per Share283.4p275.3p-2.9%
Cash Generated from Operations£34.0m£33.0m-2.9%
Final Dividend per Share74.8p82.3p+10.0%
Adjusted Net Debt (excl. IFRS 16)£(51.7)m£(42.6)m+17.6%
Cash Balances (inc. bank overdrafts)£17.9m£19.4m+8.4%
Statutory Net Debt£(55.7)m£(45.8)m+17.8%
NET logo NET

Director/PDMR Shareholding

Netcall plc

Netcall plc (AIMNET), an enterprise software company that unites automation and customer engagement in one AI-powered platform, announces the <mark style="background-color:yellow">purchase</mark> of 10,000 ordinary shares of 5 pence each ("Ordinary Shares") by Henrik Bang, Non-Executive Chair, the purchase of 25,000 Ordinary Shares by James Ormondroyd, Chief Executive Officer, and the purchase of 50,000 Ordinary Shares by James Platt, Non-Executive Director.
PRU logo PRU

Holding(s) in Company

Prudential plc

TR1 Buy
['UBS Group AG-Investment Bank & Global Wealth Management', '4.988492', '0.000000']
ADF logo ADF

Holding(s) in Company

Facilities By ADF PLC

TR1 Buy
['Octopus Investments Limited', '3.430000', '6.490000']
IXI logo IXI

Placings and Subscription

IXICO PLC

IXICO plc, a global leader in neuroscience imaging and biomarker analytics, announced a proposed fundraising of up to £10.5 million through a combination of placings, subscription, and a retail offer. The funds will be used to develop the IXI™ Platform, invest in staff, and pursue FDA approval for their software as a medical device. The fundraising includes a first placing of £2.8 million, a subscription of £0.1 million, a second placing of £7.1 million, and a retail offer of up to £0.5 million. The company will hold a general meeting on April 16, 2026, to approve the necessary resolutions for the fundraising. The issue price for the new shares is 8 pence, representing a 1.6% premium to the previous closing price. The company aims to accelerate growth by expanding its addressable market through a TechBio model, enabling third-party licensing and integration of its technology.
Premium Placing
ULVR logo ULVR

Response to Media Speculation

Unilever PLC

Unilever PLC confirms advanced discussions with McCormick & Company regarding a potential strategic transaction involving its Foods business (excluding India operations). The deal, if finalized, would combine Unilever Foods with McCormick, valuing the transaction at approximately US$15.7 billion in cash and McCormick equity. Unilever shareholders would hold 65% of the combined entity, structured as a tax-free Reverse Morris Trust. No certainty of agreement exists, and further announcements will follow as appropriate. The company cautions against undue reliance on forward-looking statements, highlighting risks and uncertainties that could impact outcomes.
Speculation
TXP logo TXP

Annual 2025 Financial and Operating Results

Touchstone Exploration Inc

**Summary**
Touchstone Exploration Inc. reported its 2025 annual financial and operating results, highlighting key achievements and challenges. The company achieved a safety milestone with zero lost-time injuries in 2025 and completed the acquisition of Shell Trinidad Central Block Limited, adding significant natural gas production. Annual production averaged 4,686 boe/d, an 18% decrease from 2024, primarily due to natural declines. Revenue totaled $45.82 million, down 20% from 2024, impacted by lower natural gas production and weaker realized prices. Operating netback was $21.26 million, and funds flow from operations was $5.37 million, a 68% decline year-over-year. Net income was $10.89 million, supported by non-cash gains. Capital expenditures were $28.38 million, focused on drilling and development. The company faced liquidity concerns, with a working capital deficit of $15.4 million and projected covenant breaches in 2026, prompting strategic initiatives to bolster liquidity and address uncertainties.
YearFinancials20242025Year-on-Year Change
RevenuePetroleum and Natural Gas Sales ($ million)57.4745.82-20%
Net Income ($ million)8.2710.89+32%
Funds Flow from Operations ($ million)16.755.37-68%
Capital Expenditures ($ million)23.67928.377+20%
Net Debt ($ million)29.10972.890+150%
Average Daily Production (boe/d)5,7344,686-18%
BRCK logo BRCK

Statement regarding possible offer

BRCK Group plc

BRCK Group PLC announces that Atlas Holdings LLC made an unsolicited, non-binding indicative offer to acquire the company at 65 pence per share, which the board rejected as undervaluing the company. The board is open to further engagement if Atlas improves its offer, but remains confident in BRCKs independent prospects. Atlas must decide by April 28, 2026, whether to make a firm offer or withdraw, per takeover regulations. Shareholders are advised to take no action at this time.
Offers
SNT logo SNT

Half-year Report for the 6 months to 31 Dec 2025

Sabien Technology Group Plc

Sabien Technology Group Plc reports its unaudited interim results for the six months ended 31 December 2025, highlighting significant progress in its green aggregation strategy. Key financial and operational highlights include
**Revenue Growth**Sales revenue increased by 51% to £504,000 compared to the same period in 2024, driven by strong performance in the M2G Cloud Connect business.
**Reduced Net Loss**Net loss after tax decreased significantly to £209,000 from £377,000 in H1 FY25, reflecting higher revenue and cost discipline.
**M2G Cloud Connect**The transition to a channel-led model has proven successful, with growing revenues and an active pipeline, supported by facilities management partnerships.
**City Oil Field (COF) Partnership**Sabien’s exclusive rights to COF’s Regenerated Green Oil (RGO) technology in the UK and Arizona are highlighted as a potential game-changer. COF’s first full-scale plant in Korea is operational and certified, validating the technology’s commercial viability.
**Strategic Focus**The Group is now concentrated on two core pillars: M2G Cloud Connect and COF RGO, with advanced discussions for commercial sites in the UK and Arizona.
**Funding and Support**Continued backing from Parris Group Limited provides essential working capital, with additional support through loan facilities and invoice factoring.
**Outlook**While H1 performance is strong, the Board cautions against extrapolating growth into H2 due to pipeline conversion uncertainties. Focus remains on converting the M2G sales pipeline, advancing COF RGO commercialisation, and maintaining cost discipline.
Overall, Sabien demonstrates meaningful progress in its green strategy, with a clear direction and confidence in building long-term value despite ongoing challenges.
Financial and Debt Comparison (Year on Year)
Metric6 months to 31 Dec 20256 months to 31 Dec 2024Year to 30 Jun 2025Change 2025 vs 2024 (6 months)Change 2025 (6 months) vs 2025 (Year)
Revenue (£'000)504334847+51%~60% of FY25
Gross Profit Margin (%)626765-5%-3%
Net Loss After Tax (£'000)(209)(377)(647)-45%-68%
Cash at End of Period (£'000)371567+147%-45%
Borrowings (£'000)406239239+69%+70%
Net Liabilities (£'000)(304)(37)(112)+722%+171%
VID logo VID

2025 Full Year Results

Videndum Plc

**Summary**
Videndum PLCs 2025 full-year results show a decline in revenue to £228.3 million, with adjusted EBITDA at £9.0 million and an adjusted loss before tax of £31.5 million. The company faced challenges, including US tariffs and market uncertainty, but implemented cost-saving measures, achieving £15 million in savings. Key achievements include an £85 million equity raise, reducing net debt by £112 million, and the sale of non-core businesses. The company launched 22 new product lines, including the Manfrotto ONE system. Despite a tough year, Videndum expects revenue growth in 2026, supported by new products and operational efficiencies. The company aims for medium-term revenue exceeding £350 million and a mid-teens adjusted EBITDA margin.
Metric20252024Change
Revenue£228.3m£280.7m(19%)
Adjusted EBITDA£9.0m£20.1m(55%)
Adjusted EBITDA margin4.0%7.2%(3.2%)
Adjusted loss before tax£(31.5)m£(25.0)m(26%)
Adjusted operating cash flow£5.3m£16.6m(68%)
Free cash flow£(23.6)m£4.3mN/A
Net debt£142.3m£133.0m7%
**Year-on-Year Comparison:** - **Revenue**: Declined by 19% from £280.7m in 2024 to £228.3m in 2025, primarily due to lower volumes and market challenges. - **Adjusted EBITDA**: Decreased by 55% from £20.1m to £9.0m, driven by lower revenue, partially offset by cost savings. - **Adjusted EBITDA margin**: Fell from 7.2% to 4.0%, reflecting the impact of lower revenue on profitability. - **Adjusted loss before tax**: Increased by 26% from £(25.0)m to £(31.5)m, due to lower EBITDA and higher finance costs. - **Adjusted operating cash flow**: Dropped by 68% from £16.6m to £5.3m, mainly due to lower EBITDA. - **Free cash flow**: Turned negative from £4.3m to £(23.6)m, impacted by higher interest, restructuring costs, and debt amendment fees. - **Net debt**: Increased by 7% from £133.0m to £142.3m, despite proceeds from disposals and equity raises, due to interest, financing fees, and restructuring costs.
IRON logo IRON

Financial Results for the Year Ended 30 June 2025

Ironveld Plc

Ironveld PLC, a UK-based mining company, reported its financial results for the year ended 30 June 2025. The company experienced a reduction in losses, with a loss before taxation of £1.6 million compared to £1.8 million in the previous year. Net loss for the year was £1,556,000, down from £2,250,000 in FY24. Cash and cash equivalents increased to £862,000, and current liabilities decreased to £4,124,000 after settling outstanding borrowings. Share capital and premium rose to £43.1 million, and the company raised £3,460,000 in net equity finance through placings and capital reorganization.
Operationally, Ironvelds subsidiary Lapon Mining commenced blasting at the Altona opencast pit and advanced the DMS-grade magnetite processing plant to the testing phase. The company also increased its investment in South African subsidiaries to £34.7 million. Post-period, Ironveld signed a Mining Operations Agreement with Daemaneng Minerals, transferring operational and financial responsibility for mining activities, and agreed to a binding term sheet for Daemaneng to manage the DMS plant, targeting 6,000 to 15,000 tonnes per month.
The company completed a trial delivery of DMS-grade magnetite and anticipates phased commercial volumes. Weather-related delays have subsided, and plant upgrades are on track for completion by March 2026. Ironveld also secured key commercial terms for a significant Run-of-Mine offtake and is in discussions with a German trading house for a strategic marketing agreement. The market outlook is strengthened by the China-Africa Economic Partnership Agreement, offering duty-free access for magnetite exports, and additional export opportunities in Mozambique, Botswana, and the United States.
Chairman Dr. John Wardle and CEO Kris Andersson highlighted the companys strategic partnerships, de-risked business model, and progress toward commercialization. The company remains focused on establishing sustained cash flow and realizing the value of its asset base.
Here is the comparison of financials and debt year on year presented as an HTML table:
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)
Loss before taxation1,8001,600(200)
Net loss for the year2,2501,556(694)
Cash and cash equivalents4862858
Current liabilities5,1204,124(996)
Share capital and share premium38,90043,1004,200
Net equity finance raised9613,4602,499
Borrowings (within Current liabilities)5700(570)

Key Observations:

  • Loss before taxation decreased by £200,000, indicating improved operational efficiency.
  • Net loss for the year reduced significantly by £694,000, reflecting better financial management.
  • Cash and cash equivalents increased substantially by £858,000, likely due to successful equity raises.
  • Current liabilities decreased by £996,000, primarily due to settlement of outstanding borrowings.
  • Share capital and share premium increased by £4,200,000, reflecting successful equity placements.
  • Net equity finance raised increased by £2,499,000, indicating strong investor confidence.
  • Borrowings were fully settled, reducing debt by £570,000.
This table and the observations highlight the year-on-year improvements in financials and debt reduction for Ironveld PLC.
ANP logo ANP

Final Results

Anpario Plc

**Summary**
Anpario plc, a manufacturer of natural and sustainable feed additives for animal health, reported strong financial results for the year ended December 31, 2025. Key highlights include
**Revenue Growth** Revenue increased by 24% to £47.2 million, driven by the full-year contribution from the Bio-Vet acquisition and 12% like-for-like growth excluding Bio-Vet.
**Profitability Improvement** Gross margin improved to 50.9%, and profit before tax rose by 54% to £8.0 million. Adjusted EBITDA increased by 38% to £9.6 million.
**Earnings Growth** Basic earnings per share increased by 63% to 40.20p, and diluted adjusted earnings per share rose by 33% to 39.49p.
**Dividend Increase** The proposed final dividend increased to 8.90p per share, resulting in a total dividend for the year of 12.50p per share, an 11% increase.
**Operational Highlights** Successful integration of Bio-Vet, strong like-for-like sales growth across regions, and continued growth in premium product classes.
**Outlook** Trading in line with expectations, continued growth in North America, strong start in the Middle East, and efforts to mitigate the impact of the conflict in Iran on logistics and supply chains.
The companys performance reflects successful strategy execution, growing demand for natural feed additives, and operational leverage. Anpario remains focused on long-term profitable growth, innovation, and strengthening customer relationships, despite macroeconomic and geopolitical uncertainties.
Here is the HTML table code comparing the financials and debt year on year for Anpario PLC: td>54%
Metric20252024Change% Change
Revenue£47.2m£38.2m£9.0m24%
Gross Profit£24.0m£17.9m£6.1m34%
Profit Before Tax£8.0m£5.2m£2.8m
Adjusted EBITDA£9.6m£7.0m£2.6m38%
Cash and Cash Equivalents£12.4m£10.5m£1.9m18%
Net Debt (Cash)£12.4m (Cash)£10.5m (Cash)£1.9m18%
**Notes:** * The table compares key financial metrics for Anpario PLC between 2025 and 2024. * All values are in millions of British pounds (£m). * The "Change" column shows the absolute difference between 2025 and 2024 values. * The "% Change" column shows the percentage change between 2025 and 2024 values. * Net Debt is calculated as Total Debt minus Cash and Cash Equivalents. Since Anpario PLC has no debt, Net Debt is equal to Cash and Cash Equivalents.
VLG logo VLG

Interim Results

Venture Life Group PLC

Venture Life Group PLC announced its unaudited interim results for the 12-month period ended 31 December 2025, highlighting a strategic shift to a pure-play consumer healthcare company. Key points include
**Revenue Growth**Group revenue increased by 32.2% to £35.2 million, with a 11.4% proforma growth, driven by strong performance in the UK and the acquisition of Health & Her Limited.
**Divestments**Sold CDMO operations and non-core products for €62 million and oral care brands for up to £4.5 million, simplifying the business model and generating significant cash.
**Profitability**Adjusted EBITDA decreased by 3.6% to £6.0 million due to temporary cost base adjustments post-divestments, while adjusted profit before tax increased to £4.9 million.
**Cash Position**Received £56.1 million from divestments, repaid the RCF, and ended with £34.2 million in cash, positioning the company for M&A activities.
**Strategic Focus**Transitioned to a capital-light, brand-focused, omnichannel approach, with reinvestment in senior management and digital capabilities.
**Operational Highlights**Successfully integrated Health & Her, launched new products, and strengthened leadership.
**Post-Period Performance**Q1 revenues trading 18% ahead of prior year, with gross margin improvement and continued M&A progress.
**Shareholder Returns**Returned £4.7 million to shareholders via a share buyback program, acquiring 7.0 million shares.
**Future Outlook**Confident in meeting guidance for the 17-month period ending 31 May 2026, with a focus on organic and acquisitive growth.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric20242025Change
Revenue (£ million)26.635.2+32.3%
Gross Profit (£ million)12.215.8+30.0%
Adjusted EBITDA (£ million)6.26.0-3.6%
Operating (Loss)/Profit (£ million)1.5(1.3)N/A
Net Debt (£ million)20.1(33.5)N/A
Cash Position (£ million)3.134.2+1003.2%
Free Cash Flow (£ million)3.73.3-10.8%

Notes:

  • The company transitioned from net debt to a cash position due to the receipt of £56.1 million in cash proceeds from divestments and the repayment of the RCF.
  • The operating loss in 2025 is primarily due to exceptional costs and the temporary disproportionate position of the operating cost base after divestments.
This table provides a clear comparison of key financial metrics between 2024 and 2025, highlighting the significant changes in revenue, gross profit, adjusted EBITDA, operating profit/loss, net debt/cash position, and free cash flow. The notes section provides additional context for the changes in net debt and operating profit/loss.
POS logo POS

Interim Results

Plexus Holdings plc

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ROAD logo ROAD

Exercise of First Tranche of Put Option Agreement

Roadside Real Estate plc

Roadside Real Estate PLC has exercised the first tranche of its put option agreement with CGV Ventures 1 Ltd, selling 14% of its stake in Cambridge Sleep Sciences (CSS) for £14 million. The funds are expected by the end of April 2026, enabling Roadside to complete the acquisition of D. A. Roberts Fuels Ltd shortly thereafter.
Agreement
ALT logo ALT

Trading Update

Altitude Group Plc

Altitude Group PLC reports strong FY26 performance with revenue growth of 16.6%-19.3% to $43.5-$44.5 million, exceeding market expectations. Adjusted operating profit and profit before taxation remain stable at $3.7 million and $1.6 million, respectively. The company expects to end FY26 with net debt of $0.6 million due to timing of supplier revenues and operational improvement costs. Strategic initiatives include board restructuring, focus on AIM business growth, technology platform enhancement (AIM iQ™), and cost base optimization, positioning the company for margin improvement and stronger cash conversion in FY27. Full-year results will be announced on July 29, 2026.
MetricFY25FY26 (Expected)Change
Revenue$37.3 million$43.5 - $44.5 million+16.6% to +19.3%
Adjusted Operating Profit$3.7 million$3.7 million0%
Adjusted Profit before Taxation$1.6 million$1.6 million0%
Net Debt/CashNet Cash $0.7 millionNet Debt $0.6 millionShift from Net Cash to Net Debt
INOV logo INOV

Final Results

Schroders Capital Global Innovation Trust plc - INOV

**Summary**
Schroders Capital Global Innovation Trust plc (the Company) announced its final results for the year ended 31 December 2025, highlighting its managed wind-down strategy and capital returns to shareholders. Key points include
1. **Managed Wind-Down** Following shareholder approval, the Company focused on an orderly wind-down, realizing portfolio assets while balancing timely returns and value maximization.
2. **Capital Returns**
Completed a £37 million tender offer in July 2025.
Plans a further £18 million tender offer in June 2026, subject to shareholder approval.
3. **Financial Performance**
NAV per share increased by 11.5% to 22.23p.
Share price rose by 38.2% to 15.20p.
Total realisations of £35.9 millionincluding sales of Araris BiotechSecuriti AIand Anthos Therapeutics.
4. **Portfolio Highlights**
Life sciences portfolio drove performance, with Araris sale generating £18.0 million in gains.
Growth portfolio contributed positively, with valuation uplifts for AI Company II and Revolut.
5. **Post-Year Developments**
Received £6.5 million from the sale of Bluewater Bio in January 2026.
No material realisations expected before 2028.
6. **Board and Governance**
Reduced board size to three directors post-wind-down approval.
AGM scheduled for 2 June 2026, with a concurrent General Meeting for tender offer approval.
7. **Outlook**
Focus remains on disciplined asset realisation and liquidity management.
Increased volatility expected as the portfolio becomes more concentrated.
The Company continues to prioritize shareholder returns and transparency during its wind-down phase.
Financial Metric20242025Change
NAV per Share (pence)19.9422.23+11.5%
Total NAV (£'000)162,445141,221-13.1%
Total Realisations (£'000)56,94975,360+32.3%
Cash and Liquid Funds (£'000)29,63518,231-38.5%
Debt (£'000)000%
Share Price (pence)11.0015.20+38.2%
Share Price Discount to NAV (%)44.8%31.6%-29.5%
PINT logo PINT

Annual Financial Report

Pantheon Infrastructure PLC

**Summary**
Pantheon Infrastructure PLC (PINT) released its annual financial report for the year ended 31 December 2025, highlighting strong performance and strategic progress. Key achievements include a Net Asset Value (NAV) of £611 million, a 14.4% NAV Total Return, and a 3.5% increase in total dividends to 4.346p per share. The company demonstrated robust operational performance with £82.6 million in underlying portfolio growth and £31.4 million in distributions. PINTs market capitalization grew to £508 million, and its share price total return was 26.8%, with the discount to NAV narrowing to 16.8%.
Significant transactions included the conditional sale of its investment in Calpine, marking PINTs first realization since its IPO, and a new investment in Intersect Power with a subsequent partial realization. The company also extended its revolving credit facility to February 2029, improving terms and maintaining £120 million in available liquidity.
PINTs diversified portfolio spans sectors like Digital, Power & Utilities, Renewables & Energy Efficiency, and Transport & Logistics, with a focus on developed OECD markets. The companys investment strategy emphasizes assets with long-term contracted revenues, regulatory support, and strong counterparties, providing resilience and defensive characteristics.
Looking ahead, PINT is well-positioned to benefit from structural tailwinds such as digitalization and growing power demand. The Board remains confident in the long-term investment case for infrastructure and is committed to disciplined reinvestment, discount management, and delivering attractive returns for shareholders.
Metric20242025Change
Net Asset Value (NAV)£553m£611m+10.5%
NAV per share118.1p130.4p+10.4%
Total dividends per share4.2p4.346p+3.5%
Market capitalization£418m£508m+21.5%
NAV Total Return14.9%14.4%-3.3%
Weighted aggregate LTM EBITDA£76m£83m+9.2%
Debt (Weighted average gearing)35%36%+2.9%
TGP logo TGP

£2m Contract Awards on Japanese Offshore Project

Tekmar Group plc

Tekmar Group plc has secured two contracts totaling £2 million for a Japanese offshore wind farm project, involving the supply of its 10th generation Cable Protection Technology. The contracts, awarded following preliminary technical analysis and design work, reinforce Tekmars presence in the Asia-Pacific region and its diversified offshore wind market strategy. Revenue recognition is expected across FY26 and H1 FY27, supporting the companys long-term growth ambitions under Project Aurora.
NewContract
DUKE logo DUKE

Trading and Operational Update

Duke Royalty Ltd

Duke Capital Limited reports a strong Q4 FY26 with record recurring cash revenue of £7.0 million, an 8% year-on-year increase. Total cash revenue is expected to reach £8.5 million, boosted by the final deferred consideration from the Fabrikat exit. The Fabrikat sale yielded a 35% IRR over five years. CEO Neil Johnson highlights the resilience of Dukes business model in a challenging macroeconomic environment and the ability to deliver shareholder upside through exits. The company looks forward to sharing annual results, emphasizing its focus on capital preservation, attractive dividend yield, and exit-driven growth.
MetricQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26 (Forecast)
Recurring Cash Revenue£6.5 million£6.6 million£6.6 million£6.8 million£7.0 million
Total Cash Revenue£6.5 million£6.6 million£6.6 million£6.8 million£8.5 million
Year-on-Year Growth (Recurring Cash Revenue)-1.5%1.5%4.6%7.7%
Quarter-on-Quarter Growth (Recurring Cash Revenue)-1.5%0%3.0%2.9%
Debt (Fabrikat Exit)£6.2 million (investment)---£1.5 million (deferred payment received)
IRR (Fabrikat Exit)----35% over 5 years
TMO logo TMO

Interim Results

Time Out Group plc

**Summary**
Time Out Group plc, a global media and hospitality company, reported its unaudited interim results for the six months ended 31 December 2025 (HY26). Key highlights include
1. **Financial Performance**
Group revenues increased by 2% to £39.8 million.
Adjusted EBITDA rose significantly by 23% to £6.0 million, driven by improved performance in both Markets and Media divisions.
Markets division adjusted EBITDA was £6.7 million, while Media division returned to profitability with £1.9 million adjusted EBITDA.
An £8 million equity placing was announced and completed early 2026 to support growth and efficiency programs.
2. **Operational Highlights**
**Markets Division** Two new markets opened (Budapest and Manhattan), with Vancouver and Abu Dhabi scheduled for 2026. Chicago Market was closed, and Boston Market was licensed to a local developer to improve cash flow and EBITDA.
**Media Division** Strategy review led to a 33% increase in monthly audience reach to 244 million, driven by social media growth. Media revenue grew by 3%, and adjusted EBITDA turned positive at £1.9 million.
3. **Strategic Focus**
Shift towards capital-light management agreements for Markets, with a focus on super-prime locations.
Media division adapted to changing user behavior, emphasizing video and social media content, and streamlining operations.
4. **Outlook**
The Group is well-positioned for sustainable, profitable growth with a streamlined cost base, a growing portfolio of high-margin management agreements, and a profitable Media division.
Continued focus on direct revenue growth, social media reach, and maintaining high brand trust while leveraging AI for efficiency.
5. **Financial Review**
Group revenue growth of 2%, with strong margins and reduced operating expenses.
Markets revenue increased by 2%and Media revenue by 3%.
Operating loss reduced to £0.3 million, including £3.1 million in exceptional restructuring items.
Adjusted EBITDA increased to £6.0 million, reflecting improved operational efficiency.
6. **Cash and Debt**
Cash and cash equivalents increased to £5.4 million, supported by cash generated from operations and financing activities.
Borrowings and lease liabilities remain significant, but the Group is managing these through refinancing and strategic initiatives.
7. **Going Concern**
The Group continues to operate on a going concern basis, with a focus on refinancing senior debt and managing covenants.
Overall, Time Out Group plc demonstrated significant operational and financial progress in HY26, positioning itself for future growth through strategic adjustments and improved efficiency.
Financial MetricHY26 (31 Dec 2025)HY25 (31 Dec 2024)Change
Revenue£39.8m£38.9m+2%
Group Adjusted EBITDA£6.0m£4.8m+23%
Markets Division Adjusted EBITDA£6.7m£6.9m-2%
Media Division Adjusted EBITDA£1.9m-£0.6mTurnaround
Operating Loss-£0.3m-£2.6mImproved
Net Finance Expense-£6.7m-£4.2m+58%
Loss Before Tax-£7.0m-£6.8m+2%
Cash and Cash Equivalents£5.4m£4.8m+£0.6m
Borrowings-£56.1m-£39.9m+40%
Adjusted Net Debt-£50.7m-£35.0m+45%
3IN logo 3IN

3i Infrastructure plc - Pre-close update

3I Infrastructure PLC

3i Infrastructure PLCs pre-close update highlights strong performance, driven by the successful exit of TCR at a 50% premium, delivering a 19% annual return over 10 years. The company reinvested proceeds into the Lefdal Mine Datacenter, a high-quality, growth-oriented investment. Despite challenges like the DNS:NET write-down and SRLs underperformance, the portfolio is on track to meet full-year return targets, supported by earnings growth and resilient operations. Bolt-on acquisitions in Joulz, ESVAGT, and Future Biogas further strengthened the portfolio. The company maintains a balanced funding position, enabling strategic opportunities, and is set to deliver a 6.3% higher FY26 dividend. Overall, 3i Infrastructure demonstrates robust value creation and strategic portfolio management.
Financial Metric20252026Change
TCR Valuation (pre-sale)€760 million€1,140 million+50%
TCR Sale ProceedsN/A€1,140 millionNew
LMD InvestmentN/A€300 millionNew
NAV per Share (pence)407.9396.8-2.7%
RCF Drawings (£ million)N/A£544 millionNew
Net Debt Position (£ million)N/A£528 millionNew
Pro-forma Net Cash (£ million)N/A£201 millionNew
Dividend Target (pence per share)12.6513.45+6.3%
Total Income and Non-Income Cash (£ million)N/A£87 millionNew
RPI logo RPI

FY 2025 Results

Raspberry Pi Holdings PLC

Raspberry Pi Holdings PLC reported strong FY 2025 results with a 25% increase in EBITDA to $46.4 million, driven by 25% revenue growth to $323.2 million and 9% higher unit volumes. Gross profit rose 23% to $77.8 million, and profit before tax surged 63% to $26.5 million. Basic EPS increased 73% to 11.22 cents. The company benefited from strong demand across OEMs and resellers, particularly in the USA and China, with semiconductor device volumes exceeding board and module volumes for the first time. Raspberry Pi Connect gained traction, approaching 400k connected devices, and the company launched 13 new products. Despite rising DRAM costs, the company maintained profitability through supplier diversification and pricing adjustments. The company ended the year with net cash of $28.1 million, exceeding expectations. Management expects FY 2026 profitability to be in line with market estimates, with revenue materially higher, despite ongoing DRAM supply challenges.
Here is the HTML table code comparing the financials and debt year on year for Raspberry Pi Holdings PLC:
MetricFY 2025FY 2024Change
Revenue ($m)323.2259.525%
Gross Profit ($m)77.863.223%
Gross Margin (%)24.1%24.4%-0.3ppt
Adjusted EBITDA ($m)46.437.225%
Profit Before Tax ($m)26.516.363%
Cash ($m)28.145.8(39%)
Net Cash ($m)28.145.8(39%)
Debt ($m)000%
**Notes:** * The table compares key financial metrics for Raspberry Pi Holdings PLC between FY 2025 and FY 2024. * The company reported strong growth in revenue, gross profit, and adjusted EBITDA, but a decrease in cash and net cash due to paying down extended supplier payables. * There is no debt reported for either year. * The table does not include all financial metrics mentioned in the text, but focuses on the most relevant ones for a year-on-year comparison.
APTA logo APTA

Result of Retail Offer and Posting of Notice of GM

Aptamer Group PLC

Aptamer Group PLC announced the results of its Retail Offer and the posting of the notice of General Meeting. The Retail Offer raised approximately £274,000, with a total of £4.5 million raised through the Placing, Subscription, and Retail Offer. The funds are subject to the approval of certain resolutions at the General Meeting scheduled for April 13, 2026. The company, a leading developer of next-generation synthetic binders for the life sciences industry, will issue 45,665,573 Retail Offer Shares at 0.6p per share. The announcement also includes important notices regarding the offers restrictions, forward-looking statements, and product governance requirements.
Premium Placing
BAG logo BAG

Final Results

A.G.Barr PLC

**Summary**
A.G. BARR p.l.c., a UK-based multi-beverage company, reported strong financial results for FY25/26, ending January 31, 2026. Revenue grew by 4.0% to £437.3 million, driven by value-led performance across core brands like IRN-BRU, Rubicon, and Boost. Adjusted operating margin increased by 120 basis points to 14.8%, and adjusted profit before tax rose 12.5% to £65.8 million. The company maintained its adjusted return on capital employed (ROCE) at 20.4% despite significant investments in brand development and capital expenditure. Strategic acquisitions, including Innate-Essence, Frobishers, and Fentimans, expanded the companys presence in functional health and premium socialising segments. The final dividend increased by 11.0% to 15.27p per share, reflecting strong cash generation and confidence in future growth. A.G. BARR enters FY26/27 with momentum, focusing on innovation, channel expansion, and integration of recent acquisitions to drive sustainable growth and shareholder returns.
Financial Metric2024/252025/26Change
Revenue (£m)420.4437.3+4.0%
Adjusted Profit Before Tax (£m)58.565.8+12.5%
Adjusted Operating Margin (%)13.6%14.8%+120bps
Adjusted Return on Capital Employed (%)20.8%20.4%-40bps
Adjusted EPS (basic pence/share)39.77p44.24p+11.2%
Net Cash at Bank (£m)63.941.6-34.9%
Full Year Dividend (pence/share)16.86p18.71p+11.0%
Debt (£m)040.0+100%
JNEO logo JNEO

£2.4m Contract Awards – Infrastructure Protection

Journeo PLC

Journeo plc, a leading provider of intelligent systems for transport networks and critical national infrastructure, has secured £2.4 million in contracts under a four-year framework agreement with a major UK utility company. These contracts involve delivering high-security infrastructure protection solutions for critical assets, with design work already underway and completion expected in 2026. The announcement highlights Journeos expertise in safeguarding critical infrastructure and the continued trust from UK distribution network operators. The company operates across integrated services, information systems, and infrastructure protection, with significant investment in research and development to support innovative, scalable solutions.
NewContract
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Lithosquare AI JV Delivers 8 Priority Targets

Eastinco Mining & Exploration PLC

Aterian plc announces the successful completion of its AI collaboration with Lithosquare SAS, identifying eight high-priority exploration targets across Morocco and Botswana. The partnership leverages AI-driven geological analysis to accelerate mineral discovery, enhance targeting efficiency, and optimize exploration capital allocation. The next phase includes detailed work programs and finalizing a long-form JV agreement, positioning Aterian to advance its critical minerals portfolio amid growing global demand.
AI
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Strategic Partnership Signed in Guinea

Resolute Mining Limited

Resolute Mining Limited and Nimba Mining Company S.A. (NMC), a Guinean state-owned entity, have signed a strategic Memorandum of Understanding (MoU) to jointly evaluate and develop gold projects in Guinea. This partnership, supported by the Guinean government, marks NMCs first collaboration with an international gold mining company and aligns with Guineas Simandou 2040 Vision to diversify its mining sector beyond bauxite. The MoU focuses on mineral resource assessment, geological studies, and frameworks for large-scale gold production, with a preliminary evaluation of mining areas to be completed within 90 days. The non-binding agreement paves the way for a joint venture, emphasizing sustainable development and local content enhancement in Guineas mining ecosystem.
Partner
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Diversified Energy TR-1

Diversified Energy Company PLC

<mark style="background-coloryellow">TR1</mark> Buy
['Barclays PLC ', '', 0]
AI 2 news titles 2
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Literal Labs wins AI award

Mindflair Plc

Literal Labs, a portfolio company of Mindflair plc, has won the AI-Research & Innovation Award at the Global AI Excellence Award 2025 for its logic-based AI technology, which enables faster, lower-power inference on standard processors and edge devices. This recognition highlights Literal Labs technical innovation and commercial potential, reinforcing Mindflairs confidence in its AI-focused investment portfolio.
AI
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Lithosquare AI JV Delivers 8 Priority Targets

Eastinco Mining & Exploration PLC

Aterian plc announces the successful completion of its AI collaboration with Lithosquare SAS, identifying eight high-priority exploration targets across Morocco and Botswana. The partnership leverages AI-driven geological analysis to accelerate mineral discovery, enhance targeting efficiency, and optimize exploration capital allocation. The next phase includes detailed work programs and finalizing a long-form JV agreement, positioning Aterian to advance its critical minerals portfolio amid growing global demand.
AI
Acquisitions 5 news titles 5
Agreement 4 news titles 4
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Unilever Foods and McCormick Agreement

Unilever PLC

Unilever PLC and McCormick & Company, Inc. have entered into an agreement to combine Unilevers Foods business with McCormick, creating a global flavor powerhouse with a superior growth profile. The combined business will have leading, iconic brands and high growth potential brands, with revenues of $20 billion based on fiscal year 2025 data.
**Key Points**
**Transaction Value** The enterprise value of Unilever Foods is $44.8 billion, with an EV/Sales ratio of 3.6x and an EV/EBITDA multiple of 13.8x.
**Ownership Structure** Unilever and its shareholders will receive shares equal to 65.0% of the fully diluted combined company equity, and Unilever will receive a cash payment of $15.7 billion. Unilever shareholders will own 55.1% of the combined company, while McCormick shareholders will own 35.0%.
**Synergies** The combined company expects to realize approximately $600 million of annual run-rate cost synergies, with full value expected by the end of year three. Incremental cost and revenue synergies of $100 million will be reinvested for growth.
**Leadership and Governance** The combined company will be led by McCormicks CEO and CFO, with senior management representation from Unilever Foods. McCormick will retain its name, global headquarters, and NYSE listing, and will establish international headquarters in the Netherlands with a planned secondary listing in Europe.
**Impact on Unilever** The separation of Unilever Foods will position Unilever as a leading pureplay HPC company, with a focus on Beauty, Wellbeing, Personal Care, and Home Care. Unilever expects to have an enhanced category footprint, superior growth in faster-growing markets, and a more premium portfolio with greater exposure to digital commerce.
**Value Creation** Unilever reaffirms its commitment to delivering mid-single digit underlying sales growth, underpinned by at least 2% underlying volume growth and continued modest improvement in operating margin. The capital allocation framework remains unchanged, prioritizing organic growth and productivity investments.
**Summary**
The combination of Unilevers Foods business with McCormick creates a global flavor leader with a strong growth profile, iconic brands, and significant synergies. The transaction values Unilever Foods at $44.8 billion and results in a new ownership structure, with Unilever shareholders owning a majority stake in the combined company. The deal is expected to enhance Unilevers focus on high-growth HPC categories, while creating a more diversified and robust flavor company. The combined entity will benefit from increased scale, complementary geographic footprints, and deep science and R&D capabilities to meet consumers growing demand for flavor.
Agreement
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Exercise of First Tranche of Put Option Agreement

Roadside Real Estate plc

Roadside Real Estate PLC has exercised the first tranche of its put option agreement with CGV Ventures 1 Ltd, selling 14% of its stake in Cambridge Sleep Sciences (CSS) for £14 million. The funds are expected by the end of April 2026, enabling Roadside to complete the acquisition of D. A. Roberts Fuels Ltd shortly thereafter.
Agreement
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Company update and Director dealings

Montanaro European Smaller Companies Trust plc

The recent share <mark style="background-color:yellow">purchase</mark>s by the Board and the Manager reflect our strong conviction in the Companys strategy and prospects."
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Director/PDMR Shareholding

Strip Tinning Holdings PLC

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

Director/PDMR Shareholding

Netcall plc

Netcall plc (AIMNET), an enterprise software company that unites automation and customer engagement in one AI-powered platform, announces the <mark style="background-color:yellow">purchase</mark> of 10,000 ordinary shares of 5 pence each ("Ordinary Shares") by Henrik Bang, Non-Executive Chair, the purchase of 25,000 Ordinary Shares by James Ormondroyd, Chief Executive Officer, and the purchase of 50,000 Ordinary Shares by James Platt, Non-Executive Director.
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Launch of Share Buyback Programme

Mortgage Advice

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1) has launched a share buyback programme to purchase up to 478,775 ordinary shares at 0.1 pence each, primarily to fulfill obligations from share option programmes. The buyback, managed by Stifel Nicolaus Europe Limited (KBW), will operate within EU market regulations incorporated into UK law and is authorized by shareholders from May 21, 2025. Purchased shares will be held in treasury, with weekly announcements of transactions. The programme begins immediately and will end upon reaching the maximum share limit or the authoritys expiration.
Launch
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Launch of new £10 million Share Buyback Programme

GlobalData PLC

GlobalData Plc announces a new £10 million share buyback programme to return surplus capital to shareholders and reduce share capital. The programme, commencing on 31 March 2026, will repurchase and cancel ordinary shares within pre-set parameters, including price limits and volume restrictions, in compliance with UK regulations. The initiative operates under shareholder authority granted at the 2025 AGM and is managed by Investec Bank plc. Further regulatory announcements will be made as required.
Launch
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£2m Contract Awards on Japanese Offshore Project

Tekmar Group plc

Tekmar Group plc has secured two contracts totaling £2 million for a Japanese offshore wind farm project, involving the supply of its 10th generation Cable Protection Technology. The contracts, awarded following preliminary technical analysis and design work, reinforce Tekmars presence in the Asia-Pacific region and its diversified offshore wind market strategy. Revenue recognition is expected across FY26 and H1 FY27, supporting the companys long-term growth ambitions under Project Aurora.
NewContract
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£2.4m Contract Awards – Infrastructure Protection

Journeo PLC

Journeo plc, a leading provider of intelligent systems for transport networks and critical national infrastructure, has secured £2.4 million in contracts under a four-year framework agreement with a major UK utility company. These contracts involve delivering high-security infrastructure protection solutions for critical assets, with design work already underway and completion expected in 2026. The announcement highlights Journeos expertise in safeguarding critical infrastructure and the continued trust from UK distribution network operators. The company operates across integrated services, information systems, and infrastructure protection, with significant investment in research and development to support innovative, scalable solutions.
NewContract
Offers 4 news titles 4
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RetailBook Offer

Mkango Resources Ltd

Mkango Resources Ltd announces a conditional retail offer of new Common Shares via RetailBook, priced at 33 pence per share, representing a 14.5% discount to the closing mid-price on AIM as of March 31, 2026. The offer is open to both existing and new investors in the UK, with a minimum subscription of £250. The proceeds will support growth opportunities, capital expenditure, and working capital. The offer is conditional on the completion of a concurrent placing to institutional investors and admission of shares to trading on AIM and TSX-V by April 10, 2026.
Offers
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Statement regarding possible offer

BRCK Group plc

BRCK Group PLC announces that Atlas Holdings LLC made an unsolicited, non-binding indicative offer to acquire the company at 65 pence per share, which the board rejected as undervaluing the company. The board is open to further engagement if Atlas improves its offer, but remains confident in BRCKs independent prospects. Atlas must decide by April 28, 2026, whether to make a firm offer or withdraw, per takeover regulations. Shareholders are advised to take no action at this time.
Offers
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Strategic Partnership Signed in Guinea

Resolute Mining Limited

Resolute Mining Limited and Nimba Mining Company S.A. (NMC), a Guinean state-owned entity, have signed a strategic Memorandum of Understanding (MoU) to jointly evaluate and develop gold projects in Guinea. This partnership, supported by the Guinean government, marks NMCs first collaboration with an international gold mining company and aligns with Guineas Simandou 2040 Vision to diversify its mining sector beyond bauxite. The MoU focuses on mineral resource assessment, geological studies, and frameworks for large-scale gold production, with a preliminary evaluation of mining areas to be completed within 90 days. The non-binding agreement paves the way for a joint venture, emphasizing sustainable development and local content enhancement in Guineas mining ecosystem.
Partner
Patents 1 news title 1
Placing 4 news titles 4
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Retail Offer

IXICO PLC

IXICO PLC announces a retail offer of up to 6,250,000 new ordinary shares at 8 pence each, alongside a £10 million fundraising through placings and a subscription. The retail offer, open to existing UK shareholders, aims to raise £0.5 million, with proceeds directed towards platform automation, analysis pipeline differentiation, and corporate development. The offer runs from March 31 to April 7, 2026, with admission to trading expected on April 17, 2026, subject to shareholder approval. The issue price represents a 1.6% premium to the previous closing price, and the offer is conditional on shareholder resolutions and completion of the first placing. Investors are warned of risks, including capital loss and dilution, and should consult independent advice.
Premium Placing
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Placings and Subscription

IXICO PLC

IXICO plc, a global leader in neuroscience imaging and biomarker analytics, announced a proposed fundraising of up to £10.5 million through a combination of placings, subscription, and a retail offer. The funds will be used to develop the IXI™ Platform, invest in staff, and pursue FDA approval for their software as a medical device. The fundraising includes a first placing of £2.8 million, a subscription of £0.1 million, a second placing of £7.1 million, and a retail offer of up to £0.5 million. The company will hold a general meeting on April 16, 2026, to approve the necessary resolutions for the fundraising. The issue price for the new shares is 8 pence, representing a 1.6% premium to the previous closing price. The company aims to accelerate growth by expanding its addressable market through a TechBio model, enabling third-party licensing and integration of its technology.
Premium Placing
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Result of Retail Offer and Posting of Notice of GM

Aptamer Group PLC

Aptamer Group PLC announced the results of its Retail Offer and the posting of the notice of General Meeting. The Retail Offer raised approximately £274,000, with a total of £4.5 million raised through the Placing, Subscription, and Retail Offer. The funds are subject to the approval of certain resolutions at the General Meeting scheduled for April 13, 2026. The company, a leading developer of next-generation synthetic binders for the life sciences industry, will issue 45,665,573 Retail Offer Shares at 0.6p per share. The announcement also includes important notices regarding the offers restrictions, forward-looking statements, and product governance requirements.
Premium Placing
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Reports 25 news titles 25
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Publication of Annual Report and Notice of AGM

Hostelworld Group PLC

Hostelworld Group PLC has published its Annual Report for 2025 and announced its Annual General Meeting (AGM) for May 6, 2026. The report highlights the companys performance, strategic initiatives, and principal risks. Key points include
1. **Financial Performance and Strategy**: Hostelworld, a leading online hostel booking platform, emphasizes its global diversification and focus on social human connection. The company acquired OccasionGenius Inc. in 2025 to enhance its event discovery platform and diversify revenue streams.
2. **AGM Details**The AGM will be held at the companys offices in Dublin, Ireland, with a Circular and Form of Proxy provided to shareholders.
3. **Principal Risks**
**Macroeconomic Conditions**Increasing risk due to volatility in global travel demand.
**Artificial Intelligence (AI)**Increasing risk due to rapid evolution, impacting customer behavior, cybersecurity, and regulatory compliance.
**Impact of Uncontrollable Events**Increasing risk due to geopolitical tensions, climate-related events, and macroeconomic volatility.
**Other Risks**Steady risks include competition, data security, cyber security, regulation, and business continuity.
4. **Risk Management**The company employs a robust risk register process, involving all levels of the business, to identify, assess, and mitigate risks. The Board and Audit Committee oversee risk management, ensuring alignment with strategic objectives.
5. **Corporate Governance**The Directors are responsible for preparing financial statements in compliance with applicable laws and regulations, ensuring a true and fair view of the companys financial position.
6. **Sustainability and ESG**The company is committed to climate-related actions and transparency, overseen by an ESG Steering Committee.
7. **Contacts and Documentation**Relevant documents are available for inspection via the National Storage Mechanism and the companys website. Shareholders are encouraged to review the Annual Report and AGM materials.
Hostelworld remains focused on navigating challenges while leveraging opportunities in the evolving travel and technology landscape.
Since there is no financial data provided in the text, I cannot compare financials and debt year on year. However, I can provide a general HTML table structure that could be used for such a comparison if the data were available. th>Total Debt
YearRevenueNet IncomeDebt to Equity Ratio
2024N/AN/AN/AN/A
2025N/AN/AN/AN/A
If you provide the actual financial data, I can populate this table and provide a more detailed comparison.
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Annual Financial Report

Baillie Gifford Shin Nippon PLC

**Summary**
Baillie Gifford Shin Nippon PLC (BGS) released its annual financial report for the year ending January 31, 2026, highlighting a 5.4% increase in net asset value (NAV) per share and a 14.4% rise in share price, underperforming the comparative MSCI Japan Small Cap Index, which grew by 21.5%. Over five years, the companys NAV and share price declined by 36.1% and 43.8%, respectively, while the index increased by 42.4%. The company attributed its performance to challenges in investing in Japanese smaller companies, particularly high-growth, domestically-oriented small caps, exacerbated by rising interest rates, a weak yen, and valuation de-rating. Despite these headwinds, the board remains optimistic about the long-term growth potential of Japanese smaller companies, citing undervalued markets and strong fundamentals.
Key developments include the promotion of Brian Lum to lead portfolio manager and Jared Anderson to deputy portfolio manager, with a portfolio turnover of 21.2%. The companys share price ended the period at a 7.5% discount to NAV, and a final dividend of 0.69p per share was recommended. Shareholders approved changes to the tender offer and introduced a continuation vote in 2028 and a 100% performance-triggered tender. The annual management fee was adjusted to 0.65% on the first £250m of net assets and 0.55% on the remainder.
The companys total assets stood at £428.9 million, with a focus on achieving long-term capital growth through investments in Japanese smaller companies. The report also detailed the companys stewardship principles, environmental, social, and governance (ESG) engagement, and proxy voting activities, emphasizing long-term value creation, alignment, governance, and sustainable business practices.
Financial Metric20252026Year-on-Year Change
Net Asset Value (NAV) per Share139.4p146.3p+4.95%
Share Price119.0p135.4p+13.78%
Discount to NAV-14.6%-7.5%Improvement by 7.1%
Revenue Return per Share0.67p0.77p+14.93%
Final Dividend per Share0.60p0.69p+15.00%
Total Assets£453.21 million£428.92 million-5.36%
Bank Loans¥16.1 billion¥14.84 billion-7.83%
Net Gearing16.1%14.9%Reduction by 1.2%
Ongoing Charges Ratio0.80%0.81%+1.25%
SNT logo SNT

Half-year Report for the 6 months to 31 Dec 2025

Sabien Technology Group Plc

Sabien Technology Group Plc reports its unaudited interim results for the six months ended 31 December 2025, highlighting significant progress in its green aggregation strategy. Key financial and operational highlights include
**Revenue Growth**Sales revenue increased by 51% to £504,000 compared to the same period in 2024, driven by strong performance in the M2G Cloud Connect business.
**Reduced Net Loss**Net loss after tax decreased significantly to £209,000 from £377,000 in H1 FY25, reflecting higher revenue and cost discipline.
**M2G Cloud Connect**The transition to a channel-led model has proven successful, with growing revenues and an active pipeline, supported by facilities management partnerships.
**City Oil Field (COF) Partnership**Sabien’s exclusive rights to COF’s Regenerated Green Oil (RGO) technology in the UK and Arizona are highlighted as a potential game-changer. COF’s first full-scale plant in Korea is operational and certified, validating the technology’s commercial viability.
**Strategic Focus**The Group is now concentrated on two core pillars: M2G Cloud Connect and COF RGO, with advanced discussions for commercial sites in the UK and Arizona.
**Funding and Support**Continued backing from Parris Group Limited provides essential working capital, with additional support through loan facilities and invoice factoring.
**Outlook**While H1 performance is strong, the Board cautions against extrapolating growth into H2 due to pipeline conversion uncertainties. Focus remains on converting the M2G sales pipeline, advancing COF RGO commercialisation, and maintaining cost discipline.
Overall, Sabien demonstrates meaningful progress in its green strategy, with a clear direction and confidence in building long-term value despite ongoing challenges.
Financial and Debt Comparison (Year on Year)
Metric6 months to 31 Dec 20256 months to 31 Dec 2024Year to 30 Jun 2025Change 2025 vs 2024 (6 months)Change 2025 (6 months) vs 2025 (Year)
Revenue (£'000)504334847+51%~60% of FY25
Gross Profit Margin (%)626765-5%-3%
Net Loss After Tax (£'000)(209)(377)(647)-45%-68%
Cash at End of Period (£'000)371567+147%-45%
Borrowings (£'000)406239239+69%+70%
Net Liabilities (£'000)(304)(37)(112)+722%+171%
PINT logo PINT

Annual Financial Report

Pantheon Infrastructure PLC

**Summary**
Pantheon Infrastructure PLC (PINT) released its annual financial report for the year ended 31 December 2025, highlighting strong performance and strategic progress. Key achievements include a Net Asset Value (NAV) of £611 million, a 14.4% NAV Total Return, and a 3.5% increase in total dividends to 4.346p per share. The company demonstrated robust operational performance with £82.6 million in underlying portfolio growth and £31.4 million in distributions. PINTs market capitalization grew to £508 million, and its share price total return was 26.8%, with the discount to NAV narrowing to 16.8%.
Significant transactions included the conditional sale of its investment in Calpine, marking PINTs first realization since its IPO, and a new investment in Intersect Power with a subsequent partial realization. The company also extended its revolving credit facility to February 2029, improving terms and maintaining £120 million in available liquidity.
PINTs diversified portfolio spans sectors like Digital, Power & Utilities, Renewables & Energy Efficiency, and Transport & Logistics, with a focus on developed OECD markets. The companys investment strategy emphasizes assets with long-term contracted revenues, regulatory support, and strong counterparties, providing resilience and defensive characteristics.
Looking ahead, PINT is well-positioned to benefit from structural tailwinds such as digitalization and growing power demand. The Board remains confident in the long-term investment case for infrastructure and is committed to disciplined reinvestment, discount management, and delivering attractive returns for shareholders.
Metric20242025Change
Net Asset Value (NAV)£553m£611m+10.5%
NAV per share118.1p130.4p+10.4%
Total dividends per share4.2p4.346p+3.5%
Market capitalization£418m£508m+21.5%
NAV Total Return14.9%14.4%-3.3%
Weighted aggregate LTM EBITDA£76m£83m+9.2%
Debt (Weighted average gearing)35%36%+2.9%
Results 42 news titles 42
CLCO logo CLCO

Final Results

Cloudcoco Group PLC

**Summary**
CloudCoCo Group PLC, a Sheffield-based e-commerce and IT procurement company, announced its final results for the year ended 30 September 2025. The company reported a total comprehensive profit of £2.6 million, primarily driven by a gain on the disposal of its legacy managed services businesses. Group revenue decreased to £9.6 million due to the disposal, but continuing operations revenue remained stable at £8.0 million. The company successfully repaid its £6.2 million MXC loan notes, becoming substantially debt-free, and reduced Plc costs by 46% to £0.5 million.
Operationally, CloudCoCo made significant progress, with an annualised revenue run-rate approaching £10 million by the end of the year. The companys e-commerce platform, MoreCoCo, continued to drive revenues, with over 50% of orders processed without human intervention. The company also expanded its WebStore platform, supporting approximately 60 business customers.
Post year-end, CloudCoCo announced a strategic growth initiative, Project Brightstar, and raised £275,000 through a share subscription to support this initiative. The company aims to scale its revenues, improve margin quality, and move towards sustainable profitability, focusing on increasing direct web sales and expanding software-led revenue streams.
The companys strategic transformation, including the disposal of non-core businesses and the launch of Project Brightstar, positions CloudCoCo for future growth in the B2B technology procurement market. The Board believes the company is well-positioned to accelerate its growth strategy in FY2026, with a strengthened balance sheet, a lean cost base, and a clear strategic focus.
Financial MetricFY 2025FY 2024Year-on-Year Change
Group Revenue£9.6 million£27.5 millionDecrease of £17.9 million (65%)
Continuing Operations Revenue£8.0 million£8.7 millionDecrease of £0.7 million (8%)
Total Comprehensive Profit/Loss£2.6 million profit£3.1 million lossTurnaround of £5.7 million
Profit from Discontinued Operations£3.1 millionN/ANew item in FY 2025
Trading Group EBITDA (Continuing Operations)£0.08 million£0.06 millionIncrease of £0.02 million (33%)
Debt (MXC Loan Notes)£0 (fully repaid)£6.2 millionDecrease of £6.2 million (100%)
Plc Costs£0.5 million£0.8 millionDecrease of £0.3 million (38%)
TEAM logo TEAM

Final Results

TEAM plc

TEAM plc, a wealth, asset management, and financial services group, announced its final audited results for the year ending September 30, 2025. The company reported significant growth and strategic transformations, including the acquisitions of WH Ireland and EPIC, which added over £1 billion in assets under management (AUM). These moves established TEAM as a scaled international platform, enhancing its recurring revenue streams, client diversification, and market presence across the UK, Channel Islands, and international markets.
**Financial Highlights**
**Revenue Growth** Organic growth across all divisions led to a 16% increase in sales to £12.0 million.
**Client Assets** Total client assets grew by 11% to £1.29 billion, driven primarily by the International division.
**Adjusted EBITDA** Improved to a loss of £1.4 million, demonstrating operational leverage as the business scales.
**AUM Growth** Post-year-end acquisitions are expected to increase AUM to over £2.3 billion.
**Strategic Acquisitions**
**WH Ireland** Acquired for £12.7 million, adding £0.97 billion in AUM and a UK-based wealth management team.
**EPIC Acquisitions**
**EPIC Markets (UK)** Acquired £157 million in AUM for £1 million.
**EPIC Fund Services (Guernsey)** Acquired for £880,000, adding fiduciary and corporate services capabilities.
**Operational Performance**
**Investment Management** Revenues rose 10% to £1.5 million, driven by Model Portfolio Services and UCITS funds.
**Advisory** Revenues increased 17.5% to £2.4 million, reflecting new client activity and transitions to discretionary management.
**International** Revenues grew 17% to £8.1 million, supported by adviser network expansion and strong demand.
**Post-Year-End Developments**
**Acquisition Impact** The acquisitions are expected to significantly increase AUM and revenues, positioning TEAM for accelerated growth.
**Strategic Integration** The acquisitions enhance TEAMs infrastructure, control, and scalability, creating a more integrated and higher-quality client proposition.
**Future Outlook**
**Profitability Path** The company is moving towards profitability, with scale and managed assets driving financial performance.
**Growth and Expansion** Continued focus on organic growth, strategic acquisitions, and operational efficiency to strengthen market position.
**Corporate Governance and Financial Position:**
**Governance** TEAM adheres to the QCA Corporate Governance Code, maintaining strong oversight and stakeholder engagement.
**Financial Position** Net assets declined to £8.7 million, reflecting losses and share issuances. Cash and cash equivalents stood at £1.359 million.
**Conclusion**
TEAM plcs strategic acquisitions and organic growth have transformed it into a scaled international wealth and asset management platform. With a focus on recurring revenues, operational efficiency, and client diversification, the company is well-positioned for future growth and profitability.
Here is the comparison of financials and debt year on year in an HTML table format:
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)Change (%)
Revenues10,27911,9531,67416%
Operating Loss(2,879)(2,656)2238%
Adjusted EBITDA(1,650)(1,362)28817%
Client Assets (£'m)1,1601,28912911%
Cash and Cash Equivalents1,7361,359(377)(22%)
Total Debt (Lease Liabilities + Loan Notes)2,3562,98262627%
**Notes:** * Total Debt is calculated as the sum of Lease Liabilities and Loan Notes. * The percentage change is calculated based on the absolute values, not considering the negative sign for losses. This table provides a concise comparison of key financial metrics and debt levels between 2024 and 2025. It highlights the growth in revenues, improvement in operating loss and adjusted EBITDA, increase in client assets, decrease in cash and cash equivalents, and rise in total debt.
CRTA logo CRTA

Preliminary Results

Cirata plc

**Summary**
Cirata PLCs preliminary results for FY25 highlight significant strategic and financial achievements. The company reported its strongest Data Integration (DI) bookings since 2017, with FY25 DI bookings at $13.2 million, a 181% increase year-on-year. Q4 FY25 DI bookings reached $9.8 million, the highest quarterly performance in the companys history. Cirata secured its largest direct and OEM contracts, a $3.1 million three-year deal with a US insurer and a $6.7 million three-year agreement via IBM, respectively. The divestment of the DevOps business for $3.4 million allowed Cirata to focus exclusively on DI, reducing its annualised cost base to $12-13 million, less than one-third of its peak.
Financial highlights include a 96% increase in total bookings to $13.9 million, a 77% rise in total revenue to $13.6 million, and a 74% decrease in adjusted EBITDA loss to $3.8 million. Cash and cash equivalents stood at $4.0 million, with short-term trade receivables of $3.4 million, totaling $7.4 million. The company targets cash flow positivity in Q1 FY26 and aims for cash flow break-even for FY26. The FCA investigation concluded with no further action, and Cirata launched Cirata Symphony, a new Data Orchestration platform.
Management emphasized the focus on building predictability, deepening strategic partnerships, and expanding within the Global 2000 customer base. Despite the inherent lumpiness of enterprise software revenues, Cirata is positioned for sustainable growth, supported by its strategic repositioning and market opportunities in Data Integration and Orchestration.
Financial Metric20242025Year-on-Year Change
Total Bookings ($m)7.113.996% Increase
Data Integration Bookings ($m)4.713.2181% Increase
Total Revenue ($m)7.713.677% Increase
Revenue from Continuing Operations ($m)4.611.9157% Increase
Revenue from Discontinued Operations ($m)3.11.745% Decrease
Total Cash Overheads ($m)20.616.122% Decrease
Cash Overheads Continuing Operations ($m)18.514.919% Decrease
Cash Overheads Discontinued Operations ($m)2.11.148% Decrease
Adjusted EBITDA Loss ($m)-14.4-3.874% Decrease in Loss
Operating Loss ($m)-15.8-4.671% Decrease in Loss
Cash and Cash Equivalents ($m)9.74.059% Decrease
Short-term Trade Receivables ($m)3.43.40% Change
Combined Cash and Short-term Receivables ($m)13.17.444% Decrease
HFG logo HFG

Preliminary Results

Hilton Food Group Plc

**Summary**
Hilton Food Group PLCs preliminary results for the 52 weeks ended 28 December 2025 highlight a resilient performance in core businesses, with adjusted profit before tax (PBT) of £73.2 million, including discontinued operations, and £69.0 million from continuing operations. The companys strategic review focuses on core meat businesses, with improvement plans for Seachill, Foppen, and Dalco. The 2026 outlook remains unchanged, with adjusted PBT expected between £60 million and £65 million.
Key financial highlights include a 0.2% volume increase, 11.9% revenue growth from continuing operations, and a 1.0% decline in adjusted PBT from continuing operations on a constant currency basis. The company proposes a final dividend of 24.9p, maintaining its progressive dividend policy.
Strategically, Hilton Foods aims to maximize its core meat business, enhance its product mix, and expand geographically. The company is investing in facilities in Canada and Saudi Arabia, with operations expected to commence in 2027. The balance sheet remains strong, with net bank debt slightly improved to £126.7 million.
Regional performance varies, with UK & Ireland facing challenges in the seafood business, while Europe and APAC show growth. The company is committed to sustainability, reducing emissions and maintaining its A CDP score.
In summary, Hilton Food Group demonstrates resilience in its core operations, strategic focus on growth, and commitment to sustainability and shareholder returns, despite short-term challenges in certain segments.
Financial Metric20252024Change
Revenue from Continuing Operations (£m)4,214.63,821.410.3%
Adjusted Operating Profit (£m)99.3104.7-5.2%
Adjusted Profit Before Tax (£m)73.276.1-3.8%
Net Bank Debt (£m)126.7131.4-3.6%
Free Cash Flow (£m)53.662.2-13.8%
Return on Capital Employed (ROCE)20.1%21.7%-1.6ppt
JDG logo JDG

Unaudited Preliminary Results

Judges Scientific Plc

**Summary**
Judges Scientific PLC, a scientific instrument sector company, reported unaudited preliminary results for FY25, highlighting a disappointing year with a 9.1% revenue increase to £145.8m, but adjusted operating profit rose only 0.4% to £28.0m. Adjusted basic earnings per share fell 2.9% to 275.3p, and cash generated from operations decreased 2.9% to £33.0m. Despite challenges, the company increased its final dividend by 10% to 82.3p per share. Key issues included a 10% drop in organic order intake, a 15.7-week organic order book, and a 17% decline in 2026 YTD order intake compared to 2025. The company faced headwinds from US research funding uncertainties and reduced investments in offshore wind. However, fundamentals remain intact, with a 10% minority interest in Geotek do Brasil acquired and strengthened executive leadership. The company expects 2026 Adjusted EPS to be in the range of 200p - 250p, assuming no coring expedition and no US trading recovery.
Financial Metric20242025Change
Revenue£133.6m£145.8m+9.1%
Adjusted Operating Profit£27.9m£28.0m+0.4%
Adjusted Basic Earnings per Share283.4p275.3p-2.9%
Cash Generated from Operations£34.0m£33.0m-2.9%
Final Dividend per Share74.8p82.3p+10.0%
Adjusted Net Debt (excl. IFRS 16)£(51.7)m£(42.6)m+17.6%
Cash Balances (inc. bank overdrafts)£17.9m£19.4m+8.4%
Statutory Net Debt£(55.7)m£(45.8)m+17.8%
TXP logo TXP

Annual 2025 Financial and Operating Results

Touchstone Exploration Inc

**Summary**
Touchstone Exploration Inc. reported its 2025 annual financial and operating results, highlighting key achievements and challenges. The company achieved a safety milestone with zero lost-time injuries in 2025 and completed the acquisition of Shell Trinidad Central Block Limited, adding significant natural gas production. Annual production averaged 4,686 boe/d, an 18% decrease from 2024, primarily due to natural declines. Revenue totaled $45.82 million, down 20% from 2024, impacted by lower natural gas production and weaker realized prices. Operating netback was $21.26 million, and funds flow from operations was $5.37 million, a 68% decline year-over-year. Net income was $10.89 million, supported by non-cash gains. Capital expenditures were $28.38 million, focused on drilling and development. The company faced liquidity concerns, with a working capital deficit of $15.4 million and projected covenant breaches in 2026, prompting strategic initiatives to bolster liquidity and address uncertainties.
YearFinancials20242025Year-on-Year Change
RevenuePetroleum and Natural Gas Sales ($ million)57.4745.82-20%
Net Income ($ million)8.2710.89+32%
Funds Flow from Operations ($ million)16.755.37-68%
Capital Expenditures ($ million)23.67928.377+20%
Net Debt ($ million)29.10972.890+150%
Average Daily Production (boe/d)5,7344,686-18%
VID logo VID

2025 Full Year Results

Videndum Plc

**Summary**
Videndum PLCs 2025 full-year results show a decline in revenue to £228.3 million, with adjusted EBITDA at £9.0 million and an adjusted loss before tax of £31.5 million. The company faced challenges, including US tariffs and market uncertainty, but implemented cost-saving measures, achieving £15 million in savings. Key achievements include an £85 million equity raise, reducing net debt by £112 million, and the sale of non-core businesses. The company launched 22 new product lines, including the Manfrotto ONE system. Despite a tough year, Videndum expects revenue growth in 2026, supported by new products and operational efficiencies. The company aims for medium-term revenue exceeding £350 million and a mid-teens adjusted EBITDA margin.
Metric20252024Change
Revenue£228.3m£280.7m(19%)
Adjusted EBITDA£9.0m£20.1m(55%)
Adjusted EBITDA margin4.0%7.2%(3.2%)
Adjusted loss before tax£(31.5)m£(25.0)m(26%)
Adjusted operating cash flow£5.3m£16.6m(68%)
Free cash flow£(23.6)m£4.3mN/A
Net debt£142.3m£133.0m7%
**Year-on-Year Comparison:** - **Revenue**: Declined by 19% from £280.7m in 2024 to £228.3m in 2025, primarily due to lower volumes and market challenges. - **Adjusted EBITDA**: Decreased by 55% from £20.1m to £9.0m, driven by lower revenue, partially offset by cost savings. - **Adjusted EBITDA margin**: Fell from 7.2% to 4.0%, reflecting the impact of lower revenue on profitability. - **Adjusted loss before tax**: Increased by 26% from £(25.0)m to £(31.5)m, due to lower EBITDA and higher finance costs. - **Adjusted operating cash flow**: Dropped by 68% from £16.6m to £5.3m, mainly due to lower EBITDA. - **Free cash flow**: Turned negative from £4.3m to £(23.6)m, impacted by higher interest, restructuring costs, and debt amendment fees. - **Net debt**: Increased by 7% from £133.0m to £142.3m, despite proceeds from disposals and equity raises, due to interest, financing fees, and restructuring costs.
IRON logo IRON

Financial Results for the Year Ended 30 June 2025

Ironveld Plc

Ironveld PLC, a UK-based mining company, reported its financial results for the year ended 30 June 2025. The company experienced a reduction in losses, with a loss before taxation of £1.6 million compared to £1.8 million in the previous year. Net loss for the year was £1,556,000, down from £2,250,000 in FY24. Cash and cash equivalents increased to £862,000, and current liabilities decreased to £4,124,000 after settling outstanding borrowings. Share capital and premium rose to £43.1 million, and the company raised £3,460,000 in net equity finance through placings and capital reorganization.
Operationally, Ironvelds subsidiary Lapon Mining commenced blasting at the Altona opencast pit and advanced the DMS-grade magnetite processing plant to the testing phase. The company also increased its investment in South African subsidiaries to £34.7 million. Post-period, Ironveld signed a Mining Operations Agreement with Daemaneng Minerals, transferring operational and financial responsibility for mining activities, and agreed to a binding term sheet for Daemaneng to manage the DMS plant, targeting 6,000 to 15,000 tonnes per month.
The company completed a trial delivery of DMS-grade magnetite and anticipates phased commercial volumes. Weather-related delays have subsided, and plant upgrades are on track for completion by March 2026. Ironveld also secured key commercial terms for a significant Run-of-Mine offtake and is in discussions with a German trading house for a strategic marketing agreement. The market outlook is strengthened by the China-Africa Economic Partnership Agreement, offering duty-free access for magnetite exports, and additional export opportunities in Mozambique, Botswana, and the United States.
Chairman Dr. John Wardle and CEO Kris Andersson highlighted the companys strategic partnerships, de-risked business model, and progress toward commercialization. The company remains focused on establishing sustained cash flow and realizing the value of its asset base.
Here is the comparison of financials and debt year on year presented as an HTML table:
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)
Loss before taxation1,8001,600(200)
Net loss for the year2,2501,556(694)
Cash and cash equivalents4862858
Current liabilities5,1204,124(996)
Share capital and share premium38,90043,1004,200
Net equity finance raised9613,4602,499
Borrowings (within Current liabilities)5700(570)

Key Observations:

  • Loss before taxation decreased by £200,000, indicating improved operational efficiency.
  • Net loss for the year reduced significantly by £694,000, reflecting better financial management.
  • Cash and cash equivalents increased substantially by £858,000, likely due to successful equity raises.
  • Current liabilities decreased by £996,000, primarily due to settlement of outstanding borrowings.
  • Share capital and share premium increased by £4,200,000, reflecting successful equity placements.
  • Net equity finance raised increased by £2,499,000, indicating strong investor confidence.
  • Borrowings were fully settled, reducing debt by £570,000.
This table and the observations highlight the year-on-year improvements in financials and debt reduction for Ironveld PLC.
ANP logo ANP

Final Results

Anpario Plc

**Summary**
Anpario plc, a manufacturer of natural and sustainable feed additives for animal health, reported strong financial results for the year ended December 31, 2025. Key highlights include
**Revenue Growth** Revenue increased by 24% to £47.2 million, driven by the full-year contribution from the Bio-Vet acquisition and 12% like-for-like growth excluding Bio-Vet.
**Profitability Improvement** Gross margin improved to 50.9%, and profit before tax rose by 54% to £8.0 million. Adjusted EBITDA increased by 38% to £9.6 million.
**Earnings Growth** Basic earnings per share increased by 63% to 40.20p, and diluted adjusted earnings per share rose by 33% to 39.49p.
**Dividend Increase** The proposed final dividend increased to 8.90p per share, resulting in a total dividend for the year of 12.50p per share, an 11% increase.
**Operational Highlights** Successful integration of Bio-Vet, strong like-for-like sales growth across regions, and continued growth in premium product classes.
**Outlook** Trading in line with expectations, continued growth in North America, strong start in the Middle East, and efforts to mitigate the impact of the conflict in Iran on logistics and supply chains.
The companys performance reflects successful strategy execution, growing demand for natural feed additives, and operational leverage. Anpario remains focused on long-term profitable growth, innovation, and strengthening customer relationships, despite macroeconomic and geopolitical uncertainties.
Here is the HTML table code comparing the financials and debt year on year for Anpario PLC: td>54%
Metric20252024Change% Change
Revenue£47.2m£38.2m£9.0m24%
Gross Profit£24.0m£17.9m£6.1m34%
Profit Before Tax£8.0m£5.2m£2.8m
Adjusted EBITDA£9.6m£7.0m£2.6m38%
Cash and Cash Equivalents£12.4m£10.5m£1.9m18%
Net Debt (Cash)£12.4m (Cash)£10.5m (Cash)£1.9m18%
**Notes:** * The table compares key financial metrics for Anpario PLC between 2025 and 2024. * All values are in millions of British pounds (£m). * The "Change" column shows the absolute difference between 2025 and 2024 values. * The "% Change" column shows the percentage change between 2025 and 2024 values. * Net Debt is calculated as Total Debt minus Cash and Cash Equivalents. Since Anpario PLC has no debt, Net Debt is equal to Cash and Cash Equivalents.
VLG logo VLG

Interim Results

Venture Life Group PLC

Venture Life Group PLC announced its unaudited interim results for the 12-month period ended 31 December 2025, highlighting a strategic shift to a pure-play consumer healthcare company. Key points include
**Revenue Growth**Group revenue increased by 32.2% to £35.2 million, with a 11.4% proforma growth, driven by strong performance in the UK and the acquisition of Health & Her Limited.
**Divestments**Sold CDMO operations and non-core products for €62 million and oral care brands for up to £4.5 million, simplifying the business model and generating significant cash.
**Profitability**Adjusted EBITDA decreased by 3.6% to £6.0 million due to temporary cost base adjustments post-divestments, while adjusted profit before tax increased to £4.9 million.
**Cash Position**Received £56.1 million from divestments, repaid the RCF, and ended with £34.2 million in cash, positioning the company for M&A activities.
**Strategic Focus**Transitioned to a capital-light, brand-focused, omnichannel approach, with reinvestment in senior management and digital capabilities.
**Operational Highlights**Successfully integrated Health & Her, launched new products, and strengthened leadership.
**Post-Period Performance**Q1 revenues trading 18% ahead of prior year, with gross margin improvement and continued M&A progress.
**Shareholder Returns**Returned £4.7 million to shareholders via a share buyback program, acquiring 7.0 million shares.
**Future Outlook**Confident in meeting guidance for the 17-month period ending 31 May 2026, with a focus on organic and acquisitive growth.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric20242025Change
Revenue (£ million)26.635.2+32.3%
Gross Profit (£ million)12.215.8+30.0%
Adjusted EBITDA (£ million)6.26.0-3.6%
Operating (Loss)/Profit (£ million)1.5(1.3)N/A
Net Debt (£ million)20.1(33.5)N/A
Cash Position (£ million)3.134.2+1003.2%
Free Cash Flow (£ million)3.73.3-10.8%

Notes:

  • The company transitioned from net debt to a cash position due to the receipt of £56.1 million in cash proceeds from divestments and the repayment of the RCF.
  • The operating loss in 2025 is primarily due to exceptional costs and the temporary disproportionate position of the operating cost base after divestments.
This table provides a clear comparison of key financial metrics between 2024 and 2025, highlighting the significant changes in revenue, gross profit, adjusted EBITDA, operating profit/loss, net debt/cash position, and free cash flow. The notes section provides additional context for the changes in net debt and operating profit/loss.
POS logo POS

Interim Results

Plexus Holdings plc

<mark style="background-coloryellow"></mark>
INOV logo INOV

Final Results

Schroders Capital Global Innovation Trust plc - INOV

**Summary**
Schroders Capital Global Innovation Trust plc (the Company) announced its final results for the year ended 31 December 2025, highlighting its managed wind-down strategy and capital returns to shareholders. Key points include
1. **Managed Wind-Down** Following shareholder approval, the Company focused on an orderly wind-down, realizing portfolio assets while balancing timely returns and value maximization.
2. **Capital Returns**
Completed a £37 million tender offer in July 2025.
Plans a further £18 million tender offer in June 2026, subject to shareholder approval.
3. **Financial Performance**
NAV per share increased by 11.5% to 22.23p.
Share price rose by 38.2% to 15.20p.
Total realisations of £35.9 millionincluding sales of Araris BiotechSecuriti AIand Anthos Therapeutics.
4. **Portfolio Highlights**
Life sciences portfolio drove performance, with Araris sale generating £18.0 million in gains.
Growth portfolio contributed positively, with valuation uplifts for AI Company II and Revolut.
5. **Post-Year Developments**
Received £6.5 million from the sale of Bluewater Bio in January 2026.
No material realisations expected before 2028.
6. **Board and Governance**
Reduced board size to three directors post-wind-down approval.
AGM scheduled for 2 June 2026, with a concurrent General Meeting for tender offer approval.
7. **Outlook**
Focus remains on disciplined asset realisation and liquidity management.
Increased volatility expected as the portfolio becomes more concentrated.
The Company continues to prioritize shareholder returns and transparency during its wind-down phase.
Financial Metric20242025Change
NAV per Share (pence)19.9422.23+11.5%
Total NAV (£'000)162,445141,221-13.1%
Total Realisations (£'000)56,94975,360+32.3%
Cash and Liquid Funds (£'000)29,63518,231-38.5%
Debt (£'000)000%
Share Price (pence)11.0015.20+38.2%
Share Price Discount to NAV (%)44.8%31.6%-29.5%
TMO logo TMO

Interim Results

Time Out Group plc

**Summary**
Time Out Group plc, a global media and hospitality company, reported its unaudited interim results for the six months ended 31 December 2025 (HY26). Key highlights include
1. **Financial Performance**
Group revenues increased by 2% to £39.8 million.
Adjusted EBITDA rose significantly by 23% to £6.0 million, driven by improved performance in both Markets and Media divisions.
Markets division adjusted EBITDA was £6.7 million, while Media division returned to profitability with £1.9 million adjusted EBITDA.
An £8 million equity placing was announced and completed early 2026 to support growth and efficiency programs.
2. **Operational Highlights**
**Markets Division** Two new markets opened (Budapest and Manhattan), with Vancouver and Abu Dhabi scheduled for 2026. Chicago Market was closed, and Boston Market was licensed to a local developer to improve cash flow and EBITDA.
**Media Division** Strategy review led to a 33% increase in monthly audience reach to 244 million, driven by social media growth. Media revenue grew by 3%, and adjusted EBITDA turned positive at £1.9 million.
3. **Strategic Focus**
Shift towards capital-light management agreements for Markets, with a focus on super-prime locations.
Media division adapted to changing user behavior, emphasizing video and social media content, and streamlining operations.
4. **Outlook**
The Group is well-positioned for sustainable, profitable growth with a streamlined cost base, a growing portfolio of high-margin management agreements, and a profitable Media division.
Continued focus on direct revenue growth, social media reach, and maintaining high brand trust while leveraging AI for efficiency.
5. **Financial Review**
Group revenue growth of 2%, with strong margins and reduced operating expenses.
Markets revenue increased by 2%and Media revenue by 3%.
Operating loss reduced to £0.3 million, including £3.1 million in exceptional restructuring items.
Adjusted EBITDA increased to £6.0 million, reflecting improved operational efficiency.
6. **Cash and Debt**
Cash and cash equivalents increased to £5.4 million, supported by cash generated from operations and financing activities.
Borrowings and lease liabilities remain significant, but the Group is managing these through refinancing and strategic initiatives.
7. **Going Concern**
The Group continues to operate on a going concern basis, with a focus on refinancing senior debt and managing covenants.
Overall, Time Out Group plc demonstrated significant operational and financial progress in HY26, positioning itself for future growth through strategic adjustments and improved efficiency.
Financial MetricHY26 (31 Dec 2025)HY25 (31 Dec 2024)Change
Revenue£39.8m£38.9m+2%
Group Adjusted EBITDA£6.0m£4.8m+23%
Markets Division Adjusted EBITDA£6.7m£6.9m-2%
Media Division Adjusted EBITDA£1.9m-£0.6mTurnaround
Operating Loss-£0.3m-£2.6mImproved
Net Finance Expense-£6.7m-£4.2m+58%
Loss Before Tax-£7.0m-£6.8m+2%
Cash and Cash Equivalents£5.4m£4.8m+£0.6m
Borrowings-£56.1m-£39.9m+40%
Adjusted Net Debt-£50.7m-£35.0m+45%
RPI logo RPI

FY 2025 Results

Raspberry Pi Holdings PLC

Raspberry Pi Holdings PLC reported strong FY 2025 results with a 25% increase in EBITDA to $46.4 million, driven by 25% revenue growth to $323.2 million and 9% higher unit volumes. Gross profit rose 23% to $77.8 million, and profit before tax surged 63% to $26.5 million. Basic EPS increased 73% to 11.22 cents. The company benefited from strong demand across OEMs and resellers, particularly in the USA and China, with semiconductor device volumes exceeding board and module volumes for the first time. Raspberry Pi Connect gained traction, approaching 400k connected devices, and the company launched 13 new products. Despite rising DRAM costs, the company maintained profitability through supplier diversification and pricing adjustments. The company ended the year with net cash of $28.1 million, exceeding expectations. Management expects FY 2026 profitability to be in line with market estimates, with revenue materially higher, despite ongoing DRAM supply challenges.
Here is the HTML table code comparing the financials and debt year on year for Raspberry Pi Holdings PLC:
MetricFY 2025FY 2024Change
Revenue ($m)323.2259.525%
Gross Profit ($m)77.863.223%
Gross Margin (%)24.1%24.4%-0.3ppt
Adjusted EBITDA ($m)46.437.225%
Profit Before Tax ($m)26.516.363%
Cash ($m)28.145.8(39%)
Net Cash ($m)28.145.8(39%)
Debt ($m)000%
**Notes:** * The table compares key financial metrics for Raspberry Pi Holdings PLC between FY 2025 and FY 2024. * The company reported strong growth in revenue, gross profit, and adjusted EBITDA, but a decrease in cash and net cash due to paying down extended supplier payables. * There is no debt reported for either year. * The table does not include all financial metrics mentioned in the text, but focuses on the most relevant ones for a year-on-year comparison.
BAG logo BAG

Final Results

A.G.Barr PLC

**Summary**
A.G. BARR p.l.c., a UK-based multi-beverage company, reported strong financial results for FY25/26, ending January 31, 2026. Revenue grew by 4.0% to £437.3 million, driven by value-led performance across core brands like IRN-BRU, Rubicon, and Boost. Adjusted operating margin increased by 120 basis points to 14.8%, and adjusted profit before tax rose 12.5% to £65.8 million. The company maintained its adjusted return on capital employed (ROCE) at 20.4% despite significant investments in brand development and capital expenditure. Strategic acquisitions, including Innate-Essence, Frobishers, and Fentimans, expanded the companys presence in functional health and premium socialising segments. The final dividend increased by 11.0% to 15.27p per share, reflecting strong cash generation and confidence in future growth. A.G. BARR enters FY26/27 with momentum, focusing on innovation, channel expansion, and integration of recent acquisitions to drive sustainable growth and shareholder returns.
Financial Metric2024/252025/26Change
Revenue (£m)420.4437.3+4.0%
Adjusted Profit Before Tax (£m)58.565.8+12.5%
Adjusted Operating Margin (%)13.6%14.8%+120bps
Adjusted Return on Capital Employed (%)20.8%20.4%-40bps
Adjusted EPS (basic pence/share)39.77p44.24p+11.2%
Net Cash at Bank (£m)63.941.6-34.9%
Full Year Dividend (pence/share)16.86p18.71p+11.0%
Debt (£m)040.0+100%
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Response to Media Speculation

Unilever PLC

Unilever PLC confirms advanced discussions with McCormick & Company regarding a potential strategic transaction involving its Foods business (excluding India operations). The deal, if finalized, would combine Unilever Foods with McCormick, valuing the transaction at approximately US$15.7 billion in cash and McCormick equity. Unilever shareholders would hold 65% of the combined entity, structured as a tax-free Reverse Morris Trust. No certainty of agreement exists, and further announcements will follow as appropriate. The company cautions against undue reliance on forward-looking statements, highlighting risks and uncertainties that could impact outcomes.
Speculation
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TR1 45 news titles 45
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Holding(s) in Company

EARNZ plc

TR1 Buy
['UBS Group AG - Investment Bank & Global Wealth Management', '0.000000', '6.199871']
CNSL logo CNSL

Holding(s) in Company

Cambridge Nutritional Sciences plc

TR1 Buy
['Cantor Fitzgerald Europe', '4.600000', '5.708700']
SBO logo SBO

Holding(s) in Company

Schroder British Opportunities Trus

TR1 Buy
['Staude Capital Pty Ltd', '13.675946', '12.750000']
JEGI logo JEGI

Holding(s) in Company

JPMorgan European Growth & Income plc

TR1 Buy
['Allspring Global Investments Holdings.', '4.796000', '9.939000']
PRU logo PRU

Holding(s) in Company

Prudential plc

TR1 Buy
['UBS Group AG-Investment Bank & Global Wealth Management', '4.988492', '0.000000']
DEC logo DEC

Diversified Energy TR-1

Diversified Energy Company PLC

<mark style="background-coloryellow">TR1</mark> Buy
['Barclays PLC ', '', 0]
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Updates 25 news titles 25
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Trading Update

Westminster Group Plc

Westminster Group Plc anticipates a 35% revenue increase to £8.2m for FY 2025, with an EBITDA loss of £0.62m. H1 2025 revenues are expected to double to £7.5m, with a £1.5m EBITDA profit, despite temporary cash flow issues due to delayed payments from Sierra Leone and Gabon contracts. The company is addressing funding through short-term loans, a potential $2.5m strategic investment, and an upcoming offshore banking facility. Progress is noted in resolving Gabon contract delays, with revenues expected from May 2026. The company highlights a strong pipeline of global opportunities, including significant projects in Africa, the Middle East, and the US, while restructuring its board and advisors to support future growth.
Financial Metric20242025 (Full Year)2025 (Half Year to 31 Dec)Change (Full Year)Change (Half Year)
Revenues (£m)6.078.27.5+35%+100%
EBITDA (£m)-1.47-0.621.5+58%N/A
Debt/FundingN/AShort-term loans, potential $2.5m investment, offshore banking facilityN/AN/AN/A
POS logo POS

Trading Update

Plexus Holdings plc

Plexus Holdings PLC provided a trading update for FY26, highlighting progress in its higher-margin rental model strategy, including doubling its rental fleet to 16 Exact EX wellhead sets. Despite sustained interest in its technology and a strong pipeline, project delays due to external factors like geopolitical tensions and policy uncertainties have impacted revenue expectations. Current activity includes £1.5m in P&A work under a UKCS Framework Agreement and a resumed Middle East exploration project. North Sea and North American projects face delays, but the company remains confident in its strategic positioning and pipeline strength, with sufficient working capital for the immediate future.
Financial AspectFY25 (Previous Year)FY26 (Current Year)Comparison
Revenue ExpectationNot SpecifiedSignificantly Below Previous ExpectationsDecrease
Capital ExpenditureNot SpecifiedNo Additional RequiredStable/Reduced
Working CapitalNot SpecifiedSufficient for Immediate FutureStable
DebtNot SpecifiedNot MentionedNo Change Reported
Rental Fleet Size8 Exact EX Wellhead SetsDoubled to 16 Exact EX Wellhead SetsIncrease
Project DelaysNot MentionedSignificant Delays in North Sea and North American ProjectsIncrease
GNIP logo GNIP

Commercial Update

GenIP PLC

GenIP Plc, a technology evaluation and commercialization platform, reports significant growth and strategic progress 18 months post-IPO. Key highlights include
**Revenue Growth**FY25 revenue surged ~330%, with strong demand across the US, Asia, and other markets.
**Market Expansion**Asia became the largest market, growing ~3,500% YoY, while Europe and Latin America grew ~111% and ~51%, respectively.
**Product Development**Invention Prioritizer and Invention Validator gained traction, broadening the product suite and increasing revenue per client.
**Commercial Resourcing**Strengthened leadership with new hires in enterprise sales, Latin America, and Asia to support pipeline expansion.
**Outlook**Focused on advancing institutional opportunities, expanding client engagements, and deploying new products, positioning GenIP for continued growth in 2026.
CEO Melissa Cruz emphasized global demand, deepening client relationships, and strategic alignment for the next growth phase.
MetricFY25FY26 (YoY Change)
Revenue Growthc.330%N/A (Not provided for FY26)
Asia Market Growthc.3,500%N/A (Not provided for FY26)
Europe Market Growthc.111%N/A (Not provided for FY26)
Latin America Market Growthc.51%N/A (Not provided for FY26)
Rest of World Market Growthc.21%N/A (Not provided for FY26)
Debt InformationNot providedNot provided
**Note:** The provided text does not contain specific financial figures or debt information for a year-on-year comparison. The table above reflects the available growth percentages for FY25 and notes the absence of FY26 data and debt information.
ALT logo ALT

Trading Update

Altitude Group Plc

Altitude Group PLC reports strong FY26 performance with revenue growth of 16.6%-19.3% to $43.5-$44.5 million, exceeding market expectations. Adjusted operating profit and profit before taxation remain stable at $3.7 million and $1.6 million, respectively. The company expects to end FY26 with net debt of $0.6 million due to timing of supplier revenues and operational improvement costs. Strategic initiatives include board restructuring, focus on AIM business growth, technology platform enhancement (AIM iQ™), and cost base optimization, positioning the company for margin improvement and stronger cash conversion in FY27. Full-year results will be announced on July 29, 2026.
MetricFY25FY26 (Expected)Change
Revenue$37.3 million$43.5 - $44.5 million+16.6% to +19.3%
Adjusted Operating Profit$3.7 million$3.7 million0%
Adjusted Profit before Taxation$1.6 million$1.6 million0%
Net Debt/CashNet Cash $0.7 millionNet Debt $0.6 millionShift from Net Cash to Net Debt
DUKE logo DUKE

Trading and Operational Update

Duke Royalty Ltd

Duke Capital Limited reports a strong Q4 FY26 with record recurring cash revenue of £7.0 million, an 8% year-on-year increase. Total cash revenue is expected to reach £8.5 million, boosted by the final deferred consideration from the Fabrikat exit. The Fabrikat sale yielded a 35% IRR over five years. CEO Neil Johnson highlights the resilience of Dukes business model in a challenging macroeconomic environment and the ability to deliver shareholder upside through exits. The company looks forward to sharing annual results, emphasizing its focus on capital preservation, attractive dividend yield, and exit-driven growth.
MetricQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26 (Forecast)
Recurring Cash Revenue£6.5 million£6.6 million£6.6 million£6.8 million£7.0 million
Total Cash Revenue£6.5 million£6.6 million£6.6 million£6.8 million£8.5 million
Year-on-Year Growth (Recurring Cash Revenue)-1.5%1.5%4.6%7.7%
Quarter-on-Quarter Growth (Recurring Cash Revenue)-1.5%0%3.0%2.9%
Debt (Fabrikat Exit)£6.2 million (investment)---£1.5 million (deferred payment received)
IRR (Fabrikat Exit)----35% over 5 years
3IN logo 3IN

3i Infrastructure plc - Pre-close update

3I Infrastructure PLC

3i Infrastructure PLCs pre-close update highlights strong performance, driven by the successful exit of TCR at a 50% premium, delivering a 19% annual return over 10 years. The company reinvested proceeds into the Lefdal Mine Datacenter, a high-quality, growth-oriented investment. Despite challenges like the DNS:NET write-down and SRLs underperformance, the portfolio is on track to meet full-year return targets, supported by earnings growth and resilient operations. Bolt-on acquisitions in Joulz, ESVAGT, and Future Biogas further strengthened the portfolio. The company maintains a balanced funding position, enabling strategic opportunities, and is set to deliver a 6.3% higher FY26 dividend. Overall, 3i Infrastructure demonstrates robust value creation and strategic portfolio management.
Financial Metric20252026Change
TCR Valuation (pre-sale)€760 million€1,140 million+50%
TCR Sale ProceedsN/A€1,140 millionNew
LMD InvestmentN/A€300 millionNew
NAV per Share (pence)407.9396.8-2.7%
RCF Drawings (£ million)N/A£544 millionNew
Net Debt Position (£ million)N/A£528 millionNew
Pro-forma Net Cash (£ million)N/A£201 millionNew
Dividend Target (pence per share)12.6513.45+6.3%
Total Income and Non-Income Cash (£ million)N/A£87 millionNew
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2026-03-31 45 picks
93 Strong Beat
CLCO
Cloudcoco Group PLC
Positive
**Summary:** CloudCoCo Group PLC, a Sheffield-based e-commerce and IT procurement company, announced its final results for the year ended 30 September 2025. The company reported a total comprehensive profit of £2.6 million, primarily driven by a gain on the disposal of its legacy managed services businesses. Group revenue decreased to £9.6 million due to the disposal, but continuing operations revenue remained stable at £8.0 million. The company successfully repaid its £6.2 million MXC loan notes, becoming substantially debt-free, and reduced Plc costs by 46% to £0.5 million. Operationally, CloudCoCo made significant progress, with an annualised revenue run-rate approaching £10 million by the end of the year. The companys e-commerce platform, MoreCoCo, continued to drive revenues, with over 50% of orders processed without human intervention. The company also expanded its WebStore platform, supporting approximately 60 business customers. Post year-end, CloudCoCo announced a strategic growth initiative, Project Brightstar, and raised £275,000 through a share subscription to support this initiative. The company aims to scale its revenues, improve margin quality, and move towards sustainable profitability, focusing on increasing direct web sales and expanding software-led revenue streams. The companys strategic transformation, including the disposal of non-core businesses and the launch of Project Brightstar, positions CloudCoCo for future growth in the B2B technology procurement market. The Board believes the company is well-positioned to accelerate its growth strategy in FY2026, with a strengthened balance sheet, a lean cost base, and a clear strategic focus.
**Summary**
CloudCoCo Group PLC, a Sheffield-based e-commerce and IT procurement company, announced its final results for the year ended 30 September 2025. The company reported a total comprehensive profit of £2.6 million, primarily driven by a gain on the disposal of its legacy managed services businesses. Group revenue decreased to £9.6 million due to the disposal, but continuing operations revenue remained stable at £8.0 million. The company successfully repaid its £6.2 million MXC loan notes, becoming substantially debt-free, and reduced Plc costs by 46% to £0.5 million.
Operationally, CloudCoCo made significant progress, with an annualised revenue run-rate approaching £10 million by the end of the year. The companys e-commerce platform, MoreCoCo, continued to drive revenues, with over 50% of orders processed without human intervention. The company also expanded its WebStore platform, supporting approximately 60 business customers.
Post year-end, CloudCoCo announced a strategic growth initiative, Project Brightstar, and raised £275,000 through a share subscription to support this initiative. The company aims to scale its revenues, improve margin quality, and move towards sustainable profitability, focusing on increasing direct web sales and expanding software-led revenue streams.
The companys strategic transformation, including the disposal of non-core businesses and the launch of Project Brightstar, positions CloudCoCo for future growth in the B2B technology procurement market. The Board believes the company is well-positioned to accelerate its growth strategy in FY2026, with a strengthened balance sheet, a lean cost base, and a clear strategic focus.
Financial MetricFY 2025FY 2024Year-on-Year Change
Group Revenue£9.6 million£27.5 millionDecrease of £17.9 million (65%)
Continuing Operations Revenue£8.0 million£8.7 millionDecrease of £0.7 million (8%)
Total Comprehensive Profit/Loss£2.6 million profit£3.1 million lossTurnaround of £5.7 million
Profit from Discontinued Operations£3.1 millionN/ANew item in FY 2025
Trading Group EBITDA (Continuing Operations)£0.08 million£0.06 millionIncrease of £0.02 million (33%)
Debt (MXC Loan Notes)£0 (fully repaid)£6.2 millionDecrease of £6.2 million (100%)
Plc Costs£0.5 million£0.8 millionDecrease of £0.3 million (38%)
16:10
80 Positive
MKA
Mkango Resources Ltd
Positive
Mkango Resources Ltd announces a conditional retail offer of new Common Shares via RetailBook, priced at 33 pence per share, representing a 14.5% discount to the closing mid-price on AIM as of March 31, 2026. The offer is open to both existing and new investors in the UK, with a minimum subscription of £250. The proceeds will support growth opportunities, capital expenditure, and working capital. The offer is conditional on the completion of a concurrent placing to institutional investors and admission of shares to trading on AIM and TSX-V by April 10, 2026.
Mkango Resources Ltd announces a conditional retail offer of new Common Shares via RetailBook, priced at 33 pence per share, representing a 14.5% discount to the closing mid-price on AIM as of March 31, 2026. The offer is open to both existing and new investors in the UK, with a minimum subscription of £250. The proceeds will support growth opportunities, capital expenditure, and working capital. The offer is conditional on the completion of a concurrent placing to institutional investors and admission of shares to trading on AIM and TSX-V by April 10, 2026.
Offers
16:04
88 Trading Edge
WSG
Westminster Group Plc
Positive
Westminster Group Plc anticipates a 35% revenue increase to £8.2m for FY 2025, with an EBITDA loss of £0.62m. H1 2025 revenues are expected to double to £7.5m, with a £1.5m EBITDA profit, despite temporary cash flow issues due to delayed payments from Sierra Leone and Gabon contracts. The company is addressing funding through short-term loans, a potential $2.5m strategic investment, and an upcoming offshore banking facility. Progress is noted in resolving Gabon contract delays, with revenues expected from May 2026. The company highlights a strong pipeline of global opportunities, including significant projects in Africa, the Middle East, and the US, while restructuring its board and advisors to support future growth.
Westminster Group Plc anticipates a 35% revenue increase to £8.2m for FY 2025, with an EBITDA loss of £0.62m. H1 2025 revenues are expected to double to £7.5m, with a £1.5m EBITDA profit, despite temporary cash flow issues due to delayed payments from Sierra Leone and Gabon contracts. The company is addressing funding through short-term loans, a potential $2.5m strategic investment, and an upcoming offshore banking facility. Progress is noted in resolving Gabon contract delays, with revenues expected from May 2026. The company highlights a strong pipeline of global opportunities, including significant projects in Africa, the Middle East, and the US, while restructuring its board and advisors to support future growth.
Financial Metric20242025 (Full Year)2025 (Half Year to 31 Dec)Change (Full Year)Change (Half Year)
Revenues (£m)6.078.27.5+35%+100%
EBITDA (£m)-1.47-0.621.5+58%N/A
Debt/FundingN/AShort-term loans, potential $2.5m investment, offshore banking facilityN/AN/AN/A
15:33
93 Strong Beat
TEAM
TEAM plc
Positive
TEAM plc, a wealth, asset management, and financial services group, announced its final audited results for the year ending September 30, 2025. The company reported significant growth and strategic transformations, including the acquisitions of WH Ireland and EPIC, which added over £1 billion in assets under management (AUM). These moves established TEAM as a scaled international platform, enhancing its recurring revenue streams, client diversification, and market presence across the UK, Channel Islands, and international markets. **Financial Highlights:** - **Revenue Growth:** Organic growth across all divisions led to a 16% increase in sales to £12.0 million. - **Client Assets:** Total client assets grew by 11% to £1.29 billion, driven primarily by the International division. - **Adjusted EBITDA:** Improved to a loss of £1.4 million, demonstrating operational leverage as the business scales. - **AUM Growth:** Post-year-end acquisitions are expected to increase AUM to over £2.3 billion. **Strategic Acquisitions:** - **WH Ireland:** Acquired for £12.7 million, adding £0.97 billion in AUM and a UK-based wealth management team. - **EPIC Acquisitions:** - **EPIC Markets (UK):** Acquired £157 million in AUM for £1 million. - **EPIC Fund Services (Guernsey):** Acquired for £880,000, adding fiduciary and corporate services capabilities. **Operational Performance:** - **Investment Management:** Revenues rose 10% to £1.5 million, driven by Model Portfolio Services and UCITS funds. - **Advisory:** Revenues increased 17.5% to £2.4 million, reflecting new client activity and transitions to discretionary management. - **International:** Revenues grew 17% to £8.1 million, supported by adviser network expansion and strong demand. **Post-Year-End Developments:** - **Acquisition Impact:** The acquisitions are expected to significantly increase AUM and revenues, positioning TEAM for accelerated growth. - **Strategic Integration:** The acquisitions enhance TEAMs infrastructure, control, and scalability, creating a more integrated and higher-quality client proposition. **Future Outlook:** - **Profitability Path:** The company is moving towards profitability, with scale and managed assets driving financial performance. - **Growth and Expansion:** Continued focus on organic growth, strategic acquisitions, and operational efficiency to strengthen market position. **Corporate Governance and Financial Position:** - **Governance:** TEAM adheres to the QCA Corporate Governance Code, maintaining strong oversight and stakeholder engagement. - **Financial Position:** Net assets declined to £8.7 million, reflecting losses and share issuances. Cash and cash equivalents stood at £1.359 million. **Conclusion:** TEAM plcs strategic acquisitions and organic growth have transformed it into a scaled international wealth and asset management platform. With a focus on recurring revenues, operational efficiency, and client diversification, the company is well-positioned for future growth and profitability.
TEAM plc, a wealth, asset management, and financial services group, announced its final audited results for the year ending September 30, 2025. The company reported significant growth and strategic transformations, including the acquisitions of WH Ireland and EPIC, which added over £1 billion in assets under management (AUM). These moves established TEAM as a scaled international platform, enhancing its recurring revenue streams, client diversification, and market presence across the UK, Channel Islands, and international markets.
**Financial Highlights**
**Revenue Growth** Organic growth across all divisions led to a 16% increase in sales to £12.0 million.
**Client Assets** Total client assets grew by 11% to £1.29 billion, driven primarily by the International division.
**Adjusted EBITDA** Improved to a loss of £1.4 million, demonstrating operational leverage as the business scales.
**AUM Growth** Post-year-end acquisitions are expected to increase AUM to over £2.3 billion.
**Strategic Acquisitions**
**WH Ireland** Acquired for £12.7 million, adding £0.97 billion in AUM and a UK-based wealth management team.
**EPIC Acquisitions**
**EPIC Markets (UK)** Acquired £157 million in AUM for £1 million.
**EPIC Fund Services (Guernsey)** Acquired for £880,000, adding fiduciary and corporate services capabilities.
**Operational Performance**
**Investment Management** Revenues rose 10% to £1.5 million, driven by Model Portfolio Services and UCITS funds.
**Advisory** Revenues increased 17.5% to £2.4 million, reflecting new client activity and transitions to discretionary management.
**International** Revenues grew 17% to £8.1 million, supported by adviser network expansion and strong demand.
**Post-Year-End Developments**
**Acquisition Impact** The acquisitions are expected to significantly increase AUM and revenues, positioning TEAM for accelerated growth.
**Strategic Integration** The acquisitions enhance TEAMs infrastructure, control, and scalability, creating a more integrated and higher-quality client proposition.
**Future Outlook**
**Profitability Path** The company is moving towards profitability, with scale and managed assets driving financial performance.
**Growth and Expansion** Continued focus on organic growth, strategic acquisitions, and operational efficiency to strengthen market position.
**Corporate Governance and Financial Position:**
**Governance** TEAM adheres to the QCA Corporate Governance Code, maintaining strong oversight and stakeholder engagement.
**Financial Position** Net assets declined to £8.7 million, reflecting losses and share issuances. Cash and cash equivalents stood at £1.359 million.
**Conclusion**
TEAM plcs strategic acquisitions and organic growth have transformed it into a scaled international wealth and asset management platform. With a focus on recurring revenues, operational efficiency, and client diversification, the company is well-positioned for future growth and profitability.
Here is the comparison of financials and debt year on year in an HTML table format:
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)Change (%)
Revenues10,27911,9531,67416%
Operating Loss(2,879)(2,656)2238%
Adjusted EBITDA(1,650)(1,362)28817%
Client Assets (£'m)1,1601,28912911%
Cash and Cash Equivalents1,7361,359(377)(22%)
Total Debt (Lease Liabilities + Loan Notes)2,3562,98262627%
**Notes:** * Total Debt is calculated as the sum of Lease Liabilities and Loan Notes. * The percentage change is calculated based on the absolute values, not considering the negative sign for losses. This table provides a concise comparison of key financial metrics and debt levels between 2024 and 2025. It highlights the growth in revenues, improvement in operating loss and adjusted EBITDA, increase in client assets, decrease in cash and cash equivalents, and rise in total debt.
13:29
80 Positive
ULVR
Unilever PLC
Positive
Unilever PLC and McCormick & Company, Inc. have entered into an agreement to combine Unilevers Foods business with McCormick, creating a global flavor powerhouse with a superior growth profile. The combined business will have leading, iconic brands and high growth potential brands, with revenues of $20 billion based on fiscal year 2025 data. **Key Points:** - **Transaction Value:** The enterprise value of Unilever Foods is $44.8 billion, with an EV/Sales ratio of 3.6x and an EV/EBITDA multiple of 13.8x. - **Ownership Structure:** Unilever and its shareholders will receive shares equal to 65.0% of the fully diluted combined company equity, and Unilever will receive a cash payment of $15.7 billion. Unilever shareholders will own 55.1% of the combined company, while McCormick shareholders will own 35.0%. - **Synergies:** The combined company expects to realize approximately $600 million of annual run-rate cost synergies, with full value expected by the end of year three. Incremental cost and revenue synergies of $100 million will be reinvested for growth. - **Leadership and Governance:** The combined company will be led by McCormicks CEO and CFO, with senior management representation from Unilever Foods. McCormick will retain its name, global headquarters, and NYSE listing, and will establish international headquarters in the Netherlands with a planned secondary listing in Europe. - **Impact on Unilever:** The separation of Unilever Foods will position Unilever as a leading pureplay HPC company, with a focus on Beauty, Wellbeing, Personal Care, and Home Care. Unilever expects to have an enhanced category footprint, superior growth in faster-growing markets, and a more premium portfolio with greater exposure to digital commerce. - **Value Creation:** Unilever reaffirms its commitment to delivering mid-single digit underlying sales growth, underpinned by at least 2% underlying volume growth and continued modest improvement in operating margin. The capital allocation framework remains unchanged, prioritizing organic growth and productivity investments. **Summary:** The combination of Unilevers Foods business with McCormick creates a global flavor leader with a strong growth profile, iconic brands, and significant synergies. The transaction values Unilever Foods at $44.8 billion and results in a new ownership structure, with Unilever shareholders owning a majority stake in the combined company. The deal is expected to enhance Unilevers focus on high-growth HPC categories, while creating a more diversified and robust flavor company. The combined entity will benefit from increased scale, complementary geographic footprints, and deep science and R&D capabilities to meet consumers growing demand for flavor.
Unilever PLC and McCormick & Company, Inc. have entered into an agreement to combine Unilevers Foods business with McCormick, creating a global flavor powerhouse with a superior growth profile. The combined business will have leading, iconic brands and high growth potential brands, with revenues of $20 billion based on fiscal year 2025 data.
**Key Points**
**Transaction Value** The enterprise value of Unilever Foods is $44.8 billion, with an EV/Sales ratio of 3.6x and an EV/EBITDA multiple of 13.8x.
**Ownership Structure** Unilever and its shareholders will receive shares equal to 65.0% of the fully diluted combined company equity, and Unilever will receive a cash payment of $15.7 billion. Unilever shareholders will own 55.1% of the combined company, while McCormick shareholders will own 35.0%.
**Synergies** The combined company expects to realize approximately $600 million of annual run-rate cost synergies, with full value expected by the end of year three. Incremental cost and revenue synergies of $100 million will be reinvested for growth.
**Leadership and Governance** The combined company will be led by McCormicks CEO and CFO, with senior management representation from Unilever Foods. McCormick will retain its name, global headquarters, and NYSE listing, and will establish international headquarters in the Netherlands with a planned secondary listing in Europe.
**Impact on Unilever** The separation of Unilever Foods will position Unilever as a leading pureplay HPC company, with a focus on Beauty, Wellbeing, Personal Care, and Home Care. Unilever expects to have an enhanced category footprint, superior growth in faster-growing markets, and a more premium portfolio with greater exposure to digital commerce.
**Value Creation** Unilever reaffirms its commitment to delivering mid-single digit underlying sales growth, underpinned by at least 2% underlying volume growth and continued modest improvement in operating margin. The capital allocation framework remains unchanged, prioritizing organic growth and productivity investments.
**Summary**
The combination of Unilevers Foods business with McCormick creates a global flavor leader with a strong growth profile, iconic brands, and significant synergies. The transaction values Unilever Foods at $44.8 billion and results in a new ownership structure, with Unilever shareholders owning a majority stake in the combined company. The deal is expected to enhance Unilevers focus on high-growth HPC categories, while creating a more diversified and robust flavor company. The combined entity will benefit from increased scale, complementary geographic footprints, and deep science and R&D capabilities to meet consumers growing demand for flavor.
Agreement
12:01
84 Broker Upgrade
HSW
Hostelworld Group PLC
Positive
Hostelworld Group PLC has published its Annual Report for 2025 and announced its Annual General Meeting (AGM) for May 6, 2026. The report highlights the companys performance, strategic initiatives, and principal risks. Key points include: 1. **Financial Performance and Strategy**: Hostelworld, a leading online hostel booking platform, emphasizes its global diversification and focus on social human connection. The company acquired OccasionGenius Inc. in 2025 to enhance its event discovery platform and diversify revenue streams. 2. **AGM Details**: The AGM will be held at the companys offices in Dublin, Ireland, with a Circular and Form of Proxy provided to shareholders. 3. **Principal Risks**: - **Macroeconomic Conditions**: Increasing risk due to volatility in global travel demand. - **Artificial Intelligence (AI)**: Increasing risk due to rapid evolution, impacting customer behavior, cybersecurity, and regulatory compliance. - **Impact of Uncontrollable Events**: Increasing risk due to geopolitical tensions, climate-related events, and macroeconomic volatility. - **Other Risks**: Steady risks include competition, data security, cyber security, regulation, and business continuity. 4. **Risk Management**: The company employs a robust risk register process, involving all levels of the business, to identify, assess, and mitigate risks. The Board and Audit Committee oversee risk management, ensuring alignment with strategic objectives. 5. **Corporate Governance**: The Directors are responsible for preparing financial statements in compliance with applicable laws and regulations, ensuring a true and fair view of the companys financial position. 6. **Sustainability and ESG**: The company is committed to climate-related actions and transparency, overseen by an ESG Steering Committee. 7. **Contacts and Documentation**: Relevant documents are available for inspection via the National Storage Mechanism and the companys website. Shareholders are encouraged to review the Annual Report and AGM materials. Hostelworld remains focused on navigating challenges while leveraging opportunities in the evolving travel and technology landscape.
Hostelworld Group PLC has published its Annual Report for 2025 and announced its Annual General Meeting (AGM) for May 6, 2026. The report highlights the companys performance, strategic initiatives, and principal risks. Key points include
1. **Financial Performance and Strategy**: Hostelworld, a leading online hostel booking platform, emphasizes its global diversification and focus on social human connection. The company acquired OccasionGenius Inc. in 2025 to enhance its event discovery platform and diversify revenue streams.
2. **AGM Details**The AGM will be held at the companys offices in Dublin, Ireland, with a Circular and Form of Proxy provided to shareholders.
3. **Principal Risks**
**Macroeconomic Conditions**Increasing risk due to volatility in global travel demand.
**Artificial Intelligence (AI)**Increasing risk due to rapid evolution, impacting customer behavior, cybersecurity, and regulatory compliance.
**Impact of Uncontrollable Events**Increasing risk due to geopolitical tensions, climate-related events, and macroeconomic volatility.
**Other Risks**Steady risks include competition, data security, cyber security, regulation, and business continuity.
4. **Risk Management**The company employs a robust risk register process, involving all levels of the business, to identify, assess, and mitigate risks. The Board and Audit Committee oversee risk management, ensuring alignment with strategic objectives.
5. **Corporate Governance**The Directors are responsible for preparing financial statements in compliance with applicable laws and regulations, ensuring a true and fair view of the companys financial position.
6. **Sustainability and ESG**The company is committed to climate-related actions and transparency, overseen by an ESG Steering Committee.
7. **Contacts and Documentation**Relevant documents are available for inspection via the National Storage Mechanism and the companys website. Shareholders are encouraged to review the Annual Report and AGM materials.
Hostelworld remains focused on navigating challenges while leveraging opportunities in the evolving travel and technology landscape.
Since there is no financial data provided in the text, I cannot compare financials and debt year on year. However, I can provide a general HTML table structure that could be used for such a comparison if the data were available. th>Total Debt
YearRevenueNet IncomeDebt to Equity Ratio
2024N/AN/AN/AN/A
2025N/AN/AN/AN/A
If you provide the actual financial data, I can populate this table and provide a more detailed comparison.
11:13
84 Broker Upgrade
BGS
Baillie Gifford Shin Nippon PLC
Positive
**Summary:** Baillie Gifford Shin Nippon PLC (BGS) released its annual financial report for the year ending January 31, 2026, highlighting a 5.4% increase in net asset value (NAV) per share and a 14.4% rise in share price, underperforming the comparative MSCI Japan Small Cap Index, which grew by 21.5%. Over five years, the companys NAV and share price declined by 36.1% and 43.8%, respectively, while the index increased by 42.4%. The company attributed its performance to challenges in investing in Japanese smaller companies, particularly high-growth, domestically-oriented small caps, exacerbated by rising interest rates, a weak yen, and valuation de-rating. Despite these headwinds, the board remains optimistic about the long-term growth potential of Japanese smaller companies, citing undervalued markets and strong fundamentals. Key developments include the promotion of Brian Lum to lead portfolio manager and Jared Anderson to deputy portfolio manager, with a portfolio turnover of 21.2%. The companys share price ended the period at a 7.5% discount to NAV, and a final dividend of 0.69p per share was recommended. Shareholders approved changes to the tender offer and introduced a continuation vote in 2028 and a 100% performance-triggered tender. The annual management fee was adjusted to 0.65% on the first £250m of net assets and 0.55% on the remainder. The companys total assets stood at £428.9 million, with a focus on achieving long-term capital growth through investments in Japanese smaller companies. The report also detailed the companys stewardship principles, environmental, social, and governance (ESG) engagement, and proxy voting activities, emphasizing long-term value creation, alignment, governance, and sustainable business practices.
**Summary**
Baillie Gifford Shin Nippon PLC (BGS) released its annual financial report for the year ending January 31, 2026, highlighting a 5.4% increase in net asset value (NAV) per share and a 14.4% rise in share price, underperforming the comparative MSCI Japan Small Cap Index, which grew by 21.5%. Over five years, the companys NAV and share price declined by 36.1% and 43.8%, respectively, while the index increased by 42.4%. The company attributed its performance to challenges in investing in Japanese smaller companies, particularly high-growth, domestically-oriented small caps, exacerbated by rising interest rates, a weak yen, and valuation de-rating. Despite these headwinds, the board remains optimistic about the long-term growth potential of Japanese smaller companies, citing undervalued markets and strong fundamentals.
Key developments include the promotion of Brian Lum to lead portfolio manager and Jared Anderson to deputy portfolio manager, with a portfolio turnover of 21.2%. The companys share price ended the period at a 7.5% discount to NAV, and a final dividend of 0.69p per share was recommended. Shareholders approved changes to the tender offer and introduced a continuation vote in 2028 and a 100% performance-triggered tender. The annual management fee was adjusted to 0.65% on the first £250m of net assets and 0.55% on the remainder.
The companys total assets stood at £428.9 million, with a focus on achieving long-term capital growth through investments in Japanese smaller companies. The report also detailed the companys stewardship principles, environmental, social, and governance (ESG) engagement, and proxy voting activities, emphasizing long-term value creation, alignment, governance, and sustainable business practices.
Financial Metric20252026Year-on-Year Change
Net Asset Value (NAV) per Share139.4p146.3p+4.95%
Share Price119.0p135.4p+13.78%
Discount to NAV-14.6%-7.5%Improvement by 7.1%
Revenue Return per Share0.67p0.77p+14.93%
Final Dividend per Share0.60p0.69p+15.00%
Total Assets£453.21 million£428.92 million-5.36%
Bank Loans¥16.1 billion¥14.84 billion-7.83%
Net Gearing16.1%14.9%Reduction by 1.2%
Ongoing Charges Ratio0.80%0.81%+1.25%
07:32
98 Exceptional
IXI
IXICO PLC
Positive
IXICO PLC announces a retail offer of up to 6,250,000 new ordinary shares at 8 pence each, alongside a £10 million fundraising through placings and a subscription. The retail offer, open to existing UK shareholders, aims to raise £0.5 million, with proceeds directed towards platform automation, analysis pipeline differentiation, and corporate development. The offer runs from March 31 to April 7, 2026, with admission to trading expected on April 17, 2026, subject to shareholder approval. The issue price represents a 1.6% premium to the previous closing price, and the offer is conditional on shareholder resolutions and completion of the first placing. Investors are warned of risks, including capital loss and dilution, and should consult independent advice.
IXICO PLC announces a retail offer of up to 6,250,000 new ordinary shares at 8 pence each, alongside a £10 million fundraising through placings and a subscription. The retail offer, open to existing UK shareholders, aims to raise £0.5 million, with proceeds directed towards platform automation, analysis pipeline differentiation, and corporate development. The offer runs from March 31 to April 7, 2026, with admission to trading expected on April 17, 2026, subject to shareholder approval. The issue price represents a 1.6% premium to the previous closing price, and the offer is conditional on shareholder resolutions and completion of the first placing. Investors are warned of risks, including capital loss and dilution, and should consult independent advice.
Premium Placing
06:02
98 Exceptional
MFAI
Mindflair Plc
Positive
Literal Labs, a portfolio company of Mindflair plc, has won the AI-Research & Innovation Award at the Global AI Excellence Award 2025 for its logic-based AI technology, which enables faster, lower-power inference on standard processors and edge devices. This recognition highlights Literal Labs technical innovation and commercial potential, reinforcing Mindflairs confidence in its AI-focused investment portfolio.
Literal Labs, a portfolio company of Mindflair plc, has won the AI-Research & Innovation Award at the Global AI Excellence Award 2025 for its logic-based AI technology, which enables faster, lower-power inference on standard processors and edge devices. This recognition highlights Literal Labs technical innovation and commercial potential, reinforcing Mindflairs confidence in its AI-focused investment portfolio.
AI
06:01
88 Trading Edge
GNIP
GenIP PLC
Positive
GenIP Plc, a technology evaluation and commercialization platform, reports significant growth and strategic progress 18 months post-IPO. Key highlights include: - **Revenue Growth**: FY25 revenue surged ~330%, with strong demand across the US, Asia, and other markets. - **Market Expansion**: Asia became the largest market, growing ~3,500% YoY, while Europe and Latin America grew ~111% and ~51%, respectively. - **Product Development**: Invention Prioritizer and Invention Validator gained traction, broadening the product suite and increasing revenue per client. - **Commercial Resourcing**: Strengthened leadership with new hires in enterprise sales, Latin America, and Asia to support pipeline expansion. - **Outlook**: Focused on advancing institutional opportunities, expanding client engagements, and deploying new products, positioning GenIP for continued growth in 2026. CEO Melissa Cruz emphasized global demand, deepening client relationships, and strategic alignment for the next growth phase.
GenIP Plc, a technology evaluation and commercialization platform, reports significant growth and strategic progress 18 months post-IPO. Key highlights include
**Revenue Growth**FY25 revenue surged ~330%, with strong demand across the US, Asia, and other markets.
**Market Expansion**Asia became the largest market, growing ~3,500% YoY, while Europe and Latin America grew ~111% and ~51%, respectively.
**Product Development**Invention Prioritizer and Invention Validator gained traction, broadening the product suite and increasing revenue per client.
**Commercial Resourcing**Strengthened leadership with new hires in enterprise sales, Latin America, and Asia to support pipeline expansion.
**Outlook**Focused on advancing institutional opportunities, expanding client engagements, and deploying new products, positioning GenIP for continued growth in 2026.
CEO Melissa Cruz emphasized global demand, deepening client relationships, and strategic alignment for the next growth phase.
MetricFY25FY26 (YoY Change)
Revenue Growthc.330%N/A (Not provided for FY26)
Asia Market Growthc.3,500%N/A (Not provided for FY26)
Europe Market Growthc.111%N/A (Not provided for FY26)
Latin America Market Growthc.51%N/A (Not provided for FY26)
Rest of World Market Growthc.21%N/A (Not provided for FY26)
Debt InformationNot providedNot provided
**Note:** The provided text does not contain specific financial figures or debt information for a year-on-year comparison. The table above reflects the available growth percentages for FY25 and notes the absence of FY26 data and debt information.
06:01
80 Positive
MAB1
Mortgage Advice
Positive
Mortgage Advice Bureau (Holdings) plc (AIM: MAB1) has launched a share buyback programme to purchase up to 478,775 ordinary shares at 0.1 pence each, primarily to fulfill obligations from share option programmes. The buyback, managed by Stifel Nicolaus Europe Limited (KBW), will operate within EU market regulations incorporated into UK law and is authorized by shareholders from May 21, 2025. Purchased shares will be held in treasury, with weekly announcements of transactions. The programme begins immediately and will end upon reaching the maximum share limit or the authoritys expiration.
Mortgage Advice Bureau (Holdings) plc (AIM: MAB1) has launched a share buyback programme to purchase up to 478,775 ordinary shares at 0.1 pence each, primarily to fulfill obligations from share option programmes. The buyback, managed by Stifel Nicolaus Europe Limited (KBW), will operate within EU market regulations incorporated into UK law and is authorized by shareholders from May 21, 2025. Purchased shares will be held in treasury, with weekly announcements of transactions. The programme begins immediately and will end upon reaching the maximum share limit or the authoritys expiration.
Launch
06:01
80 Positive
DATA
GlobalData PLC
Positive
GlobalData Plc announces a new £10 million share buyback programme to return surplus capital to shareholders and reduce share capital. The programme, commencing on 31 March 2026, will repurchase and cancel ordinary shares within pre-set parameters, including price limits and volume restrictions, in compliance with UK regulations. The initiative operates under shareholder authority granted at the 2025 AGM and is managed by Investec Bank plc. Further regulatory announcements will be made as required.
GlobalData Plc announces a new £10 million share buyback programme to return surplus capital to shareholders and reduce share capital. The programme, commencing on 31 March 2026, will repurchase and cancel ordinary shares within pre-set parameters, including price limits and volume restrictions, in compliance with UK regulations. The initiative operates under shareholder authority granted at the 2025 AGM and is managed by Investec Bank plc. Further regulatory announcements will be made as required.
Launch
06:01
93 Strong Beat
CRTA
Cirata plc
Positive
**Summary:** Cirata PLCs preliminary results for FY25 highlight significant strategic and financial achievements. The company reported its strongest Data Integration (DI) bookings since 2017, with FY25 DI bookings at $13.2 million, a 181% increase year-on-year. Q4 FY25 DI bookings reached $9.8 million, the highest quarterly performance in the companys history. Cirata secured its largest direct and OEM contracts, a $3.1 million three-year deal with a US insurer and a $6.7 million three-year agreement via IBM, respectively. The divestment of the DevOps business for $3.4 million allowed Cirata to focus exclusively on DI, reducing its annualised cost base to $12-13 million, less than one-third of its peak. Financial highlights include a 96% increase in total bookings to $13.9 million, a 77% rise in total revenue to $13.6 million, and a 74% decrease in adjusted EBITDA loss to $3.8 million. Cash and cash equivalents stood at $4.0 million, with short-term trade receivables of $3.4 million, totaling $7.4 million. The company targets cash flow positivity in Q1 FY26 and aims for cash flow break-even for FY26. The FCA investigation concluded with no further action, and Cirata launched Cirata Symphony, a new Data Orchestration platform. Management emphasized the focus on building predictability, deepening strategic partnerships, and expanding within the Global 2000 customer base. Despite the inherent lumpiness of enterprise software revenues, Cirata is positioned for sustainable growth, supported by its strategic repositioning and market opportunities in Data Integration and Orchestration.
**Summary**
Cirata PLCs preliminary results for FY25 highlight significant strategic and financial achievements. The company reported its strongest Data Integration (DI) bookings since 2017, with FY25 DI bookings at $13.2 million, a 181% increase year-on-year. Q4 FY25 DI bookings reached $9.8 million, the highest quarterly performance in the companys history. Cirata secured its largest direct and OEM contracts, a $3.1 million three-year deal with a US insurer and a $6.7 million three-year agreement via IBM, respectively. The divestment of the DevOps business for $3.4 million allowed Cirata to focus exclusively on DI, reducing its annualised cost base to $12-13 million, less than one-third of its peak.
Financial highlights include a 96% increase in total bookings to $13.9 million, a 77% rise in total revenue to $13.6 million, and a 74% decrease in adjusted EBITDA loss to $3.8 million. Cash and cash equivalents stood at $4.0 million, with short-term trade receivables of $3.4 million, totaling $7.4 million. The company targets cash flow positivity in Q1 FY26 and aims for cash flow break-even for FY26. The FCA investigation concluded with no further action, and Cirata launched Cirata Symphony, a new Data Orchestration platform.
Management emphasized the focus on building predictability, deepening strategic partnerships, and expanding within the Global 2000 customer base. Despite the inherent lumpiness of enterprise software revenues, Cirata is positioned for sustainable growth, supported by its strategic repositioning and market opportunities in Data Integration and Orchestration.
Financial Metric20242025Year-on-Year Change
Total Bookings ($m)7.113.996% Increase
Data Integration Bookings ($m)4.713.2181% Increase
Total Revenue ($m)7.713.677% Increase
Revenue from Continuing Operations ($m)4.611.9157% Increase
Revenue from Discontinued Operations ($m)3.11.745% Decrease
Total Cash Overheads ($m)20.616.122% Decrease
Cash Overheads Continuing Operations ($m)18.514.919% Decrease
Cash Overheads Discontinued Operations ($m)2.11.148% Decrease
Adjusted EBITDA Loss ($m)-14.4-3.874% Decrease in Loss
Operating Loss ($m)-15.8-4.671% Decrease in Loss
Cash and Cash Equivalents ($m)9.74.059% Decrease
Short-term Trade Receivables ($m)3.43.40% Change
Combined Cash and Short-term Receivables ($m)13.17.444% Decrease
06:01
93 Strong Beat
HFG
Hilton Food Group Plc
Positive
**Summary:** Hilton Food Group PLCs preliminary results for the 52 weeks ended 28 December 2025 highlight a resilient performance in core businesses, with adjusted profit before tax (PBT) of £73.2 million, including discontinued operations, and £69.0 million from continuing operations. The companys strategic review focuses on core meat businesses, with improvement plans for Seachill, Foppen, and Dalco. The 2026 outlook remains unchanged, with adjusted PBT expected between £60 million and £65 million. Key financial highlights include a 0.2% volume increase, 11.9% revenue growth from continuing operations, and a 1.0% decline in adjusted PBT from continuing operations on a constant currency basis. The company proposes a final dividend of 24.9p, maintaining its progressive dividend policy. Strategically, Hilton Foods aims to maximize its core meat business, enhance its product mix, and expand geographically. The company is investing in facilities in Canada and Saudi Arabia, with operations expected to commence in 2027. The balance sheet remains strong, with net bank debt slightly improved to £126.7 million. Regional performance varies, with UK & Ireland facing challenges in the seafood business, while Europe and APAC show growth. The company is committed to sustainability, reducing emissions and maintaining its A CDP score. In summary, Hilton Food Group demonstrates resilience in its core operations, strategic focus on growth, and commitment to sustainability and shareholder returns, despite short-term challenges in certain segments.
**Summary**
Hilton Food Group PLCs preliminary results for the 52 weeks ended 28 December 2025 highlight a resilient performance in core businesses, with adjusted profit before tax (PBT) of £73.2 million, including discontinued operations, and £69.0 million from continuing operations. The companys strategic review focuses on core meat businesses, with improvement plans for Seachill, Foppen, and Dalco. The 2026 outlook remains unchanged, with adjusted PBT expected between £60 million and £65 million.
Key financial highlights include a 0.2% volume increase, 11.9% revenue growth from continuing operations, and a 1.0% decline in adjusted PBT from continuing operations on a constant currency basis. The company proposes a final dividend of 24.9p, maintaining its progressive dividend policy.
Strategically, Hilton Foods aims to maximize its core meat business, enhance its product mix, and expand geographically. The company is investing in facilities in Canada and Saudi Arabia, with operations expected to commence in 2027. The balance sheet remains strong, with net bank debt slightly improved to £126.7 million.
Regional performance varies, with UK & Ireland facing challenges in the seafood business, while Europe and APAC show growth. The company is committed to sustainability, reducing emissions and maintaining its A CDP score.
In summary, Hilton Food Group demonstrates resilience in its core operations, strategic focus on growth, and commitment to sustainability and shareholder returns, despite short-term challenges in certain segments.
Financial Metric20252024Change
Revenue from Continuing Operations (£m)4,214.63,821.410.3%
Adjusted Operating Profit (£m)99.3104.7-5.2%
Adjusted Profit Before Tax (£m)73.276.1-3.8%
Net Bank Debt (£m)126.7131.4-3.6%
Free Cash Flow (£m)53.662.2-13.8%
Return on Capital Employed (ROCE)20.1%21.7%-1.6ppt
06:01
98 Exceptional
IXI
IXICO PLC
Positive
IXICO plc, a global leader in neuroscience imaging and biomarker analytics, announced a proposed fundraising of up to £10.5 million through a combination of placings, subscription, and a retail offer. The funds will be used to develop the IXI™ Platform, invest in staff, and pursue FDA approval for their software as a medical device. The fundraising includes a first placing of £2.8 million, a subscription of £0.1 million, a second placing of £7.1 million, and a retail offer of up to £0.5 million. The company will hold a general meeting on April 16, 2026, to approve the necessary resolutions for the fundraising. The issue price for the new shares is 8 pence, representing a 1.6% premium to the previous closing price. The company aims to accelerate growth by expanding its addressable market through a TechBio model, enabling third-party licensing and integration of its technology.
IXICO plc, a global leader in neuroscience imaging and biomarker analytics, announced a proposed fundraising of up to £10.5 million through a combination of placings, subscription, and a retail offer. The funds will be used to develop the IXI™ Platform, invest in staff, and pursue FDA approval for their software as a medical device. The fundraising includes a first placing of £2.8 million, a subscription of £0.1 million, a second placing of £7.1 million, and a retail offer of up to £0.5 million. The company will hold a general meeting on April 16, 2026, to approve the necessary resolutions for the fundraising. The issue price for the new shares is 8 pence, representing a 1.6% premium to the previous closing price. The company aims to accelerate growth by expanding its addressable market through a TechBio model, enabling third-party licensing and integration of its technology.
Premium Placing
06:01
80 Positive
ULVR
Unilever PLC
Positive
Unilever PLC confirms advanced discussions with McCormick & Company regarding a potential strategic transaction involving its Foods business (excluding India operations). The deal, if finalized, would combine Unilever Foods with McCormick, valuing the transaction at approximately US$15.7 billion in cash and McCormick equity. Unilever shareholders would hold 65% of the combined entity, structured as a tax-free Reverse Morris Trust. No certainty of agreement exists, and further announcements will follow as appropriate. The company cautions against undue reliance on forward-looking statements, highlighting risks and uncertainties that could impact outcomes.
Unilever PLC confirms advanced discussions with McCormick & Company regarding a potential strategic transaction involving its Foods business (excluding India operations). The deal, if finalized, would combine Unilever Foods with McCormick, valuing the transaction at approximately US$15.7 billion in cash and McCormick equity. Unilever shareholders would hold 65% of the combined entity, structured as a tax-free Reverse Morris Trust. No certainty of agreement exists, and further announcements will follow as appropriate. The company cautions against undue reliance on forward-looking statements, highlighting risks and uncertainties that could impact outcomes.
Speculation
06:01
93 Strong Beat
TXP
Touchstone Exploration Inc
Positive
**Summary:** Touchstone Exploration Inc. reported its 2025 annual financial and operating results, highlighting key achievements and challenges. The company achieved a safety milestone with zero lost-time injuries in 2025 and completed the acquisition of Shell Trinidad Central Block Limited, adding significant natural gas production. Annual production averaged 4,686 boe/d, an 18% decrease from 2024, primarily due to natural declines. Revenue totaled $45.82 million, down 20% from 2024, impacted by lower natural gas production and weaker realized prices. Operating netback was $21.26 million, and funds flow from operations was $5.37 million, a 68% decline year-over-year. Net income was $10.89 million, supported by non-cash gains. Capital expenditures were $28.38 million, focused on drilling and development. The company faced liquidity concerns, with a working capital deficit of $15.4 million and projected covenant breaches in 2026, prompting strategic initiatives to bolster liquidity and address uncertainties.
**Summary**
Touchstone Exploration Inc. reported its 2025 annual financial and operating results, highlighting key achievements and challenges. The company achieved a safety milestone with zero lost-time injuries in 2025 and completed the acquisition of Shell Trinidad Central Block Limited, adding significant natural gas production. Annual production averaged 4,686 boe/d, an 18% decrease from 2024, primarily due to natural declines. Revenue totaled $45.82 million, down 20% from 2024, impacted by lower natural gas production and weaker realized prices. Operating netback was $21.26 million, and funds flow from operations was $5.37 million, a 68% decline year-over-year. Net income was $10.89 million, supported by non-cash gains. Capital expenditures were $28.38 million, focused on drilling and development. The company faced liquidity concerns, with a working capital deficit of $15.4 million and projected covenant breaches in 2026, prompting strategic initiatives to bolster liquidity and address uncertainties.
YearFinancials20242025Year-on-Year Change
RevenuePetroleum and Natural Gas Sales ($ million)57.4745.82-20%
Net Income ($ million)8.2710.89+32%
Funds Flow from Operations ($ million)16.755.37-68%
Capital Expenditures ($ million)23.67928.377+20%
Net Debt ($ million)29.10972.890+150%
Average Daily Production (boe/d)5,7344,686-18%
06:01
80 Positive
BRCK
BRCK Group plc
Positive
BRCK Group PLC announces that Atlas Holdings LLC made an unsolicited, non-binding indicative offer to acquire the company at 65 pence per share, which the board rejected as undervaluing the company. The board is open to further engagement if Atlas improves its offer, but remains confident in BRCKs independent prospects. Atlas must decide by April 28, 2026, whether to make a firm offer or withdraw, per takeover regulations. Shareholders are advised to take no action at this time.
BRCK Group PLC announces that Atlas Holdings LLC made an unsolicited, non-binding indicative offer to acquire the company at 65 pence per share, which the board rejected as undervaluing the company. The board is open to further engagement if Atlas improves its offer, but remains confident in BRCKs independent prospects. Atlas must decide by April 28, 2026, whether to make a firm offer or withdraw, per takeover regulations. Shareholders are advised to take no action at this time.
Offers
06:01
84 Broker Upgrade
SNT
Sabien Technology Group Plc
Positive
Sabien Technology Group Plc reports its unaudited interim results for the six months ended 31 December 2025, highlighting significant progress in its green aggregation strategy. Key financial and operational highlights include: - **Revenue Growth**: Sales revenue increased by 51% to £504,000 compared to the same period in 2024, driven by strong performance in the M2G Cloud Connect business. - **Reduced Net Loss**: Net loss after tax decreased significantly to £209,000 from £377,000 in H1 FY25, reflecting higher revenue and cost discipline. - **M2G Cloud Connect**: The transition to a channel-led model has proven successful, with growing revenues and an active pipeline, supported by facilities management partnerships. - **City Oil Field (COF) Partnership**: Sabien’s exclusive rights to COF’s Regenerated Green Oil (RGO) technology in the UK and Arizona are highlighted as a potential game-changer. COF’s first full-scale plant in Korea is operational and certified, validating the technology’s commercial viability. - **Strategic Focus**: The Group is now concentrated on two core pillars: M2G Cloud Connect and COF RGO, with advanced discussions for commercial sites in the UK and Arizona. - **Funding and Support**: Continued backing from Parris Group Limited provides essential working capital, with additional support through loan facilities and invoice factoring. - **Outlook**: While H1 performance is strong, the Board cautions against extrapolating growth into H2 due to pipeline conversion uncertainties. Focus remains on converting the M2G sales pipeline, advancing COF RGO commercialisation, and maintaining cost discipline. Overall, Sabien demonstrates meaningful progress in its green strategy, with a clear direction and confidence in building long-term value despite ongoing challenges.
Sabien Technology Group Plc reports its unaudited interim results for the six months ended 31 December 2025, highlighting significant progress in its green aggregation strategy. Key financial and operational highlights include
**Revenue Growth**Sales revenue increased by 51% to £504,000 compared to the same period in 2024, driven by strong performance in the M2G Cloud Connect business.
**Reduced Net Loss**Net loss after tax decreased significantly to £209,000 from £377,000 in H1 FY25, reflecting higher revenue and cost discipline.
**M2G Cloud Connect**The transition to a channel-led model has proven successful, with growing revenues and an active pipeline, supported by facilities management partnerships.
**City Oil Field (COF) Partnership**Sabien’s exclusive rights to COF’s Regenerated Green Oil (RGO) technology in the UK and Arizona are highlighted as a potential game-changer. COF’s first full-scale plant in Korea is operational and certified, validating the technology’s commercial viability.
**Strategic Focus**The Group is now concentrated on two core pillars: M2G Cloud Connect and COF RGO, with advanced discussions for commercial sites in the UK and Arizona.
**Funding and Support**Continued backing from Parris Group Limited provides essential working capital, with additional support through loan facilities and invoice factoring.
**Outlook**While H1 performance is strong, the Board cautions against extrapolating growth into H2 due to pipeline conversion uncertainties. Focus remains on converting the M2G sales pipeline, advancing COF RGO commercialisation, and maintaining cost discipline.
Overall, Sabien demonstrates meaningful progress in its green strategy, with a clear direction and confidence in building long-term value despite ongoing challenges.
Financial and Debt Comparison (Year on Year)
Metric6 months to 31 Dec 20256 months to 31 Dec 2024Year to 30 Jun 2025Change 2025 vs 2024 (6 months)Change 2025 (6 months) vs 2025 (Year)
Revenue (£'000)504334847+51%~60% of FY25
Gross Profit Margin (%)626765-5%-3%
Net Loss After Tax (£'000)(209)(377)(647)-45%-68%
Cash at End of Period (£'000)371567+147%-45%
Borrowings (£'000)406239239+69%+70%
Net Liabilities (£'000)(304)(37)(112)+722%+171%
06:01
93 Strong Beat
VID
Videndum Plc
Positive
**Summary:** Videndum PLCs 2025 full-year results show a decline in revenue to £228.3 million, with adjusted EBITDA at £9.0 million and an adjusted loss before tax of £31.5 million. The company faced challenges, including US tariffs and market uncertainty, but implemented cost-saving measures, achieving £15 million in savings. Key achievements include an £85 million equity raise, reducing net debt by £112 million, and the sale of non-core businesses. The company launched 22 new product lines, including the Manfrotto ONE system. Despite a tough year, Videndum expects revenue growth in 2026, supported by new products and operational efficiencies. The company aims for medium-term revenue exceeding £350 million and a mid-teens adjusted EBITDA margin.
**Summary**
Videndum PLCs 2025 full-year results show a decline in revenue to £228.3 million, with adjusted EBITDA at £9.0 million and an adjusted loss before tax of £31.5 million. The company faced challenges, including US tariffs and market uncertainty, but implemented cost-saving measures, achieving £15 million in savings. Key achievements include an £85 million equity raise, reducing net debt by £112 million, and the sale of non-core businesses. The company launched 22 new product lines, including the Manfrotto ONE system. Despite a tough year, Videndum expects revenue growth in 2026, supported by new products and operational efficiencies. The company aims for medium-term revenue exceeding £350 million and a mid-teens adjusted EBITDA margin.
Metric20252024Change
Revenue£228.3m£280.7m(19%)
Adjusted EBITDA£9.0m£20.1m(55%)
Adjusted EBITDA margin4.0%7.2%(3.2%)
Adjusted loss before tax£(31.5)m£(25.0)m(26%)
Adjusted operating cash flow£5.3m£16.6m(68%)
Free cash flow£(23.6)m£4.3mN/A
Net debt£142.3m£133.0m7%
**Year-on-Year Comparison:** - **Revenue**: Declined by 19% from £280.7m in 2024 to £228.3m in 2025, primarily due to lower volumes and market challenges. - **Adjusted EBITDA**: Decreased by 55% from £20.1m to £9.0m, driven by lower revenue, partially offset by cost savings. - **Adjusted EBITDA margin**: Fell from 7.2% to 4.0%, reflecting the impact of lower revenue on profitability. - **Adjusted loss before tax**: Increased by 26% from £(25.0)m to £(31.5)m, due to lower EBITDA and higher finance costs. - **Adjusted operating cash flow**: Dropped by 68% from £16.6m to £5.3m, mainly due to lower EBITDA. - **Free cash flow**: Turned negative from £4.3m to £(23.6)m, impacted by higher interest, restructuring costs, and debt amendment fees. - **Net debt**: Increased by 7% from £133.0m to £142.3m, despite proceeds from disposals and equity raises, due to interest, financing fees, and restructuring costs.
06:01
93 Strong Beat
IRON
Ironveld Plc
Positive
Ironveld PLC, a UK-based mining company, reported its financial results for the year ended 30 June 2025. The company experienced a reduction in losses, with a loss before taxation of £1.6 million compared to £1.8 million in the previous year. Net loss for the year was £1,556,000, down from £2,250,000 in FY24. Cash and cash equivalents increased to £862,000, and current liabilities decreased to £4,124,000 after settling outstanding borrowings. Share capital and premium rose to £43.1 million, and the company raised £3,460,000 in net equity finance through placings and capital reorganization. Operationally, Ironvelds subsidiary Lapon Mining commenced blasting at the Altona opencast pit and advanced the DMS-grade magnetite processing plant to the testing phase. The company also increased its investment in South African subsidiaries to £34.7 million. Post-period, Ironveld signed a Mining Operations Agreement with Daemaneng Minerals, transferring operational and financial responsibility for mining activities, and agreed to a binding term sheet for Daemaneng to manage the DMS plant, targeting 6,000 to 15,000 tonnes per month. The company completed a trial delivery of DMS-grade magnetite and anticipates phased commercial volumes. Weather-related delays have subsided, and plant upgrades are on track for completion by March 2026. Ironveld also secured key commercial terms for a significant Run-of-Mine offtake and is in discussions with a German trading house for a strategic marketing agreement. The market outlook is strengthened by the China-Africa Economic Partnership Agreement, offering duty-free access for magnetite exports, and additional export opportunities in Mozambique, Botswana, and the United States. Chairman Dr. John Wardle and CEO Kris Andersson highlighted the companys strategic partnerships, de-risked business model, and progress toward commercialization. The company remains focused on establishing sustained cash flow and realizing the value of its asset base.
Ironveld PLC, a UK-based mining company, reported its financial results for the year ended 30 June 2025. The company experienced a reduction in losses, with a loss before taxation of £1.6 million compared to £1.8 million in the previous year. Net loss for the year was £1,556,000, down from £2,250,000 in FY24. Cash and cash equivalents increased to £862,000, and current liabilities decreased to £4,124,000 after settling outstanding borrowings. Share capital and premium rose to £43.1 million, and the company raised £3,460,000 in net equity finance through placings and capital reorganization.
Operationally, Ironvelds subsidiary Lapon Mining commenced blasting at the Altona opencast pit and advanced the DMS-grade magnetite processing plant to the testing phase. The company also increased its investment in South African subsidiaries to £34.7 million. Post-period, Ironveld signed a Mining Operations Agreement with Daemaneng Minerals, transferring operational and financial responsibility for mining activities, and agreed to a binding term sheet for Daemaneng to manage the DMS plant, targeting 6,000 to 15,000 tonnes per month.
The company completed a trial delivery of DMS-grade magnetite and anticipates phased commercial volumes. Weather-related delays have subsided, and plant upgrades are on track for completion by March 2026. Ironveld also secured key commercial terms for a significant Run-of-Mine offtake and is in discussions with a German trading house for a strategic marketing agreement. The market outlook is strengthened by the China-Africa Economic Partnership Agreement, offering duty-free access for magnetite exports, and additional export opportunities in Mozambique, Botswana, and the United States.
Chairman Dr. John Wardle and CEO Kris Andersson highlighted the companys strategic partnerships, de-risked business model, and progress toward commercialization. The company remains focused on establishing sustained cash flow and realizing the value of its asset base.
Here is the comparison of financials and debt year on year presented as an HTML table:
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)
Loss before taxation1,8001,600(200)
Net loss for the year2,2501,556(694)
Cash and cash equivalents4862858
Current liabilities5,1204,124(996)
Share capital and share premium38,90043,1004,200
Net equity finance raised9613,4602,499
Borrowings (within Current liabilities)5700(570)

Key Observations:

  • Loss before taxation decreased by £200,000, indicating improved operational efficiency.
  • Net loss for the year reduced significantly by £694,000, reflecting better financial management.
  • Cash and cash equivalents increased substantially by £858,000, likely due to successful equity raises.
  • Current liabilities decreased by £996,000, primarily due to settlement of outstanding borrowings.
  • Share capital and share premium increased by £4,200,000, reflecting successful equity placements.
  • Net equity finance raised increased by £2,499,000, indicating strong investor confidence.
  • Borrowings were fully settled, reducing debt by £570,000.
This table and the observations highlight the year-on-year improvements in financials and debt reduction for Ironveld PLC.
06:01
93 Strong Beat
ANP
Anpario Plc
Positive
**Summary:** Anpario plc, a manufacturer of natural and sustainable feed additives for animal health, reported strong financial results for the year ended December 31, 2025. Key highlights include: - **Revenue Growth:** Revenue increased by 24% to £47.2 million, driven by the full-year contribution from the Bio-Vet acquisition and 12% like-for-like growth excluding Bio-Vet. - **Profitability Improvement:** Gross margin improved to 50.9%, and profit before tax rose by 54% to £8.0 million. Adjusted EBITDA increased by 38% to £9.6 million. - **Earnings Growth:** Basic earnings per share increased by 63% to 40.20p, and diluted adjusted earnings per share rose by 33% to 39.49p. - **Dividend Increase:** The proposed final dividend increased to 8.90p per share, resulting in a total dividend for the year of 12.50p per share, an 11% increase. - **Operational Highlights:** Successful integration of Bio-Vet, strong like-for-like sales growth across regions, and continued growth in premium product classes. - **Outlook:** Trading in line with expectations, continued growth in North America, strong start in the Middle East, and efforts to mitigate the impact of the conflict in Iran on logistics and supply chains. The companys performance reflects successful strategy execution, growing demand for natural feed additives, and operational leverage. Anpario remains focused on long-term profitable growth, innovation, and strengthening customer relationships, despite macroeconomic and geopolitical uncertainties.
**Summary**
Anpario plc, a manufacturer of natural and sustainable feed additives for animal health, reported strong financial results for the year ended December 31, 2025. Key highlights include
**Revenue Growth** Revenue increased by 24% to £47.2 million, driven by the full-year contribution from the Bio-Vet acquisition and 12% like-for-like growth excluding Bio-Vet.
**Profitability Improvement** Gross margin improved to 50.9%, and profit before tax rose by 54% to £8.0 million. Adjusted EBITDA increased by 38% to £9.6 million.
**Earnings Growth** Basic earnings per share increased by 63% to 40.20p, and diluted adjusted earnings per share rose by 33% to 39.49p.
**Dividend Increase** The proposed final dividend increased to 8.90p per share, resulting in a total dividend for the year of 12.50p per share, an 11% increase.
**Operational Highlights** Successful integration of Bio-Vet, strong like-for-like sales growth across regions, and continued growth in premium product classes.
**Outlook** Trading in line with expectations, continued growth in North America, strong start in the Middle East, and efforts to mitigate the impact of the conflict in Iran on logistics and supply chains.
The companys performance reflects successful strategy execution, growing demand for natural feed additives, and operational leverage. Anpario remains focused on long-term profitable growth, innovation, and strengthening customer relationships, despite macroeconomic and geopolitical uncertainties.
Here is the HTML table code comparing the financials and debt year on year for Anpario PLC: td>54%
Metric20252024Change% Change
Revenue£47.2m£38.2m£9.0m24%
Gross Profit£24.0m£17.9m£6.1m34%
Profit Before Tax£8.0m£5.2m£2.8m
Adjusted EBITDA£9.6m£7.0m£2.6m38%
Cash and Cash Equivalents£12.4m£10.5m£1.9m18%
Net Debt (Cash)£12.4m (Cash)£10.5m (Cash)£1.9m18%
**Notes:** * The table compares key financial metrics for Anpario PLC between 2025 and 2024. * All values are in millions of British pounds (£m). * The "Change" column shows the absolute difference between 2025 and 2024 values. * The "% Change" column shows the percentage change between 2025 and 2024 values. * Net Debt is calculated as Total Debt minus Cash and Cash Equivalents. Since Anpario PLC has no debt, Net Debt is equal to Cash and Cash Equivalents.
06:01
93 Strong Beat
VLG
Venture Life Group PLC
Positive
Venture Life Group PLC announced its unaudited interim results for the 12-month period ended 31 December 2025, highlighting a strategic shift to a pure-play consumer healthcare company. Key points include: - **Revenue Growth**: Group revenue increased by 32.2% to £35.2 million, with a 11.4% proforma growth, driven by strong performance in the UK and the acquisition of Health & Her Limited. - **Divestments**: Sold CDMO operations and non-core products for €62 million and oral care brands for up to £4.5 million, simplifying the business model and generating significant cash. - **Profitability**: Adjusted EBITDA decreased by 3.6% to £6.0 million due to temporary cost base adjustments post-divestments, while adjusted profit before tax increased to £4.9 million. - **Cash Position**: Received £56.1 million from divestments, repaid the RCF, and ended with £34.2 million in cash, positioning the company for M&A activities. - **Strategic Focus**: Transitioned to a capital-light, brand-focused, omnichannel approach, with reinvestment in senior management and digital capabilities. - **Operational Highlights**: Successfully integrated Health & Her, launched new products, and strengthened leadership. - **Post-Period Performance**: Q1 revenues trading 18% ahead of prior year, with gross margin improvement and continued M&A progress. - **Shareholder Returns**: Returned £4.7 million to shareholders via a share buyback program, acquiring 7.0 million shares. - **Future Outlook**: Confident in meeting guidance for the 17-month period ending 31 May 2026, with a focus on organic and acquisitive growth.
Venture Life Group PLC announced its unaudited interim results for the 12-month period ended 31 December 2025, highlighting a strategic shift to a pure-play consumer healthcare company. Key points include
**Revenue Growth**Group revenue increased by 32.2% to £35.2 million, with a 11.4% proforma growth, driven by strong performance in the UK and the acquisition of Health & Her Limited.
**Divestments**Sold CDMO operations and non-core products for €62 million and oral care brands for up to £4.5 million, simplifying the business model and generating significant cash.
**Profitability**Adjusted EBITDA decreased by 3.6% to £6.0 million due to temporary cost base adjustments post-divestments, while adjusted profit before tax increased to £4.9 million.
**Cash Position**Received £56.1 million from divestments, repaid the RCF, and ended with £34.2 million in cash, positioning the company for M&A activities.
**Strategic Focus**Transitioned to a capital-light, brand-focused, omnichannel approach, with reinvestment in senior management and digital capabilities.
**Operational Highlights**Successfully integrated Health & Her, launched new products, and strengthened leadership.
**Post-Period Performance**Q1 revenues trading 18% ahead of prior year, with gross margin improvement and continued M&A progress.
**Shareholder Returns**Returned £4.7 million to shareholders via a share buyback program, acquiring 7.0 million shares.
**Future Outlook**Confident in meeting guidance for the 17-month period ending 31 May 2026, with a focus on organic and acquisitive growth.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric20242025Change
Revenue (£ million)26.635.2+32.3%
Gross Profit (£ million)12.215.8+30.0%
Adjusted EBITDA (£ million)6.26.0-3.6%
Operating (Loss)/Profit (£ million)1.5(1.3)N/A
Net Debt (£ million)20.1(33.5)N/A
Cash Position (£ million)3.134.2+1003.2%
Free Cash Flow (£ million)3.73.3-10.8%

Notes:

  • The company transitioned from net debt to a cash position due to the receipt of £56.1 million in cash proceeds from divestments and the repayment of the RCF.
  • The operating loss in 2025 is primarily due to exceptional costs and the temporary disproportionate position of the operating cost base after divestments.
This table provides a clear comparison of key financial metrics between 2024 and 2025, highlighting the significant changes in revenue, gross profit, adjusted EBITDA, operating profit/loss, net debt/cash position, and free cash flow. The notes section provides additional context for the changes in net debt and operating profit/loss.
06:01
80 Positive
ROAD
Roadside Real Estate plc
Positive
Roadside Real Estate PLC has exercised the first tranche of its put option agreement with CGV Ventures 1 Ltd, selling 14% of its stake in Cambridge Sleep Sciences (CSS) for £14 million. The funds are expected by the end of April 2026, enabling Roadside to complete the acquisition of D. A. Roberts Fuels Ltd shortly thereafter.
Roadside Real Estate PLC has exercised the first tranche of its put option agreement with CGV Ventures 1 Ltd, selling 14% of its stake in Cambridge Sleep Sciences (CSS) for £14 million. The funds are expected by the end of April 2026, enabling Roadside to complete the acquisition of D. A. Roberts Fuels Ltd shortly thereafter.
Agreement
06:01
88 Trading Edge
ALT
Altitude Group Plc
Positive
Altitude Group PLC reports strong FY26 performance with revenue growth of 16.6%-19.3% to $43.5-$44.5 million, exceeding market expectations. Adjusted operating profit and profit before taxation remain stable at $3.7 million and $1.6 million, respectively. The company expects to end FY26 with net debt of $0.6 million due to timing of supplier revenues and operational improvement costs. Strategic initiatives include board restructuring, focus on AIM business growth, technology platform enhancement (AIM iQ™), and cost base optimization, positioning the company for margin improvement and stronger cash conversion in FY27. Full-year results will be announced on July 29, 2026.
Altitude Group PLC reports strong FY26 performance with revenue growth of 16.6%-19.3% to $43.5-$44.5 million, exceeding market expectations. Adjusted operating profit and profit before taxation remain stable at $3.7 million and $1.6 million, respectively. The company expects to end FY26 with net debt of $0.6 million due to timing of supplier revenues and operational improvement costs. Strategic initiatives include board restructuring, focus on AIM business growth, technology platform enhancement (AIM iQ™), and cost base optimization, positioning the company for margin improvement and stronger cash conversion in FY27. Full-year results will be announced on July 29, 2026.
MetricFY25FY26 (Expected)Change
Revenue$37.3 million$43.5 - $44.5 million+16.6% to +19.3%
Adjusted Operating Profit$3.7 million$3.7 million0%
Adjusted Profit before Taxation$1.6 million$1.6 million0%
Net Debt/CashNet Cash $0.7 millionNet Debt $0.6 millionShift from Net Cash to Net Debt
06:01
93 Strong Beat
INOV
Schroders Capital Global Innovation Trust plc - INOV
Positive
**Summary:** Schroders Capital Global Innovation Trust plc (the Company) announced its final results for the year ended 31 December 2025, highlighting its managed wind-down strategy and capital returns to shareholders. Key points include: 1. **Managed Wind-Down:** Following shareholder approval, the Company focused on an orderly wind-down, realizing portfolio assets while balancing timely returns and value maximization. 2. **Capital Returns:** - Completed a £37 million tender offer in July 2025. - Plans a further £18 million tender offer in June 2026, subject to shareholder approval. 3. **Financial Performance:** - NAV per share increased by 11.5% to 22.23p. - Share price rose by 38.2% to 15.20p. - Total realisations of £35.9 million, including sales of Araris Biotech, Securiti AI, and Anthos Therapeutics. 4. **Portfolio Highlights:** - Life sciences portfolio drove performance, with Araris sale generating £18.0 million in gains. - Growth portfolio contributed positively, with valuation uplifts for AI Company II and Revolut. 5. **Post-Year Developments:** - Received £6.5 million from the sale of Bluewater Bio in January 2026. - No material realisations expected before 2028. 6. **Board and Governance:** - Reduced board size to three directors post-wind-down approval. - AGM scheduled for 2 June 2026, with a concurrent General Meeting for tender offer approval. 7. **Outlook:** - Focus remains on disciplined asset realisation and liquidity management. - Increased volatility expected as the portfolio becomes more concentrated. The Company continues to prioritize shareholder returns and transparency during its wind-down phase.
**Summary**
Schroders Capital Global Innovation Trust plc (the Company) announced its final results for the year ended 31 December 2025, highlighting its managed wind-down strategy and capital returns to shareholders. Key points include
1. **Managed Wind-Down** Following shareholder approval, the Company focused on an orderly wind-down, realizing portfolio assets while balancing timely returns and value maximization.
2. **Capital Returns**
Completed a £37 million tender offer in July 2025.
Plans a further £18 million tender offer in June 2026, subject to shareholder approval.
3. **Financial Performance**
NAV per share increased by 11.5% to 22.23p.
Share price rose by 38.2% to 15.20p.
Total realisations of £35.9 millionincluding sales of Araris BiotechSecuriti AIand Anthos Therapeutics.
4. **Portfolio Highlights**
Life sciences portfolio drove performance, with Araris sale generating £18.0 million in gains.
Growth portfolio contributed positively, with valuation uplifts for AI Company II and Revolut.
5. **Post-Year Developments**
Received £6.5 million from the sale of Bluewater Bio in January 2026.
No material realisations expected before 2028.
6. **Board and Governance**
Reduced board size to three directors post-wind-down approval.
AGM scheduled for 2 June 2026, with a concurrent General Meeting for tender offer approval.
7. **Outlook**
Focus remains on disciplined asset realisation and liquidity management.
Increased volatility expected as the portfolio becomes more concentrated.
The Company continues to prioritize shareholder returns and transparency during its wind-down phase.
Financial Metric20242025Change
NAV per Share (pence)19.9422.23+11.5%
Total NAV (£'000)162,445141,221-13.1%
Total Realisations (£'000)56,94975,360+32.3%
Cash and Liquid Funds (£'000)29,63518,231-38.5%
Debt (£'000)000%
Share Price (pence)11.0015.20+38.2%
Share Price Discount to NAV (%)44.8%31.6%-29.5%
06:01
84 Broker Upgrade
PINT
Pantheon Infrastructure PLC
Positive
**Summary:** Pantheon Infrastructure PLC (PINT) released its annual financial report for the year ended 31 December 2025, highlighting strong performance and strategic progress. Key achievements include a Net Asset Value (NAV) of £611 million, a 14.4% NAV Total Return, and a 3.5% increase in total dividends to 4.346p per share. The company demonstrated robust operational performance with £82.6 million in underlying portfolio growth and £31.4 million in distributions. PINTs market capitalization grew to £508 million, and its share price total return was 26.8%, with the discount to NAV narrowing to 16.8%. Significant transactions included the conditional sale of its investment in Calpine, marking PINTs first realization since its IPO, and a new investment in Intersect Power with a subsequent partial realization. The company also extended its revolving credit facility to February 2029, improving terms and maintaining £120 million in available liquidity. PINTs diversified portfolio spans sectors like Digital, Power & Utilities, Renewables & Energy Efficiency, and Transport & Logistics, with a focus on developed OECD markets. The companys investment strategy emphasizes assets with long-term contracted revenues, regulatory support, and strong counterparties, providing resilience and defensive characteristics. Looking ahead, PINT is well-positioned to benefit from structural tailwinds such as digitalization and growing power demand. The Board remains confident in the long-term investment case for infrastructure and is committed to disciplined reinvestment, discount management, and delivering attractive returns for shareholders.
**Summary**
Pantheon Infrastructure PLC (PINT) released its annual financial report for the year ended 31 December 2025, highlighting strong performance and strategic progress. Key achievements include a Net Asset Value (NAV) of £611 million, a 14.4% NAV Total Return, and a 3.5% increase in total dividends to 4.346p per share. The company demonstrated robust operational performance with £82.6 million in underlying portfolio growth and £31.4 million in distributions. PINTs market capitalization grew to £508 million, and its share price total return was 26.8%, with the discount to NAV narrowing to 16.8%.
Significant transactions included the conditional sale of its investment in Calpine, marking PINTs first realization since its IPO, and a new investment in Intersect Power with a subsequent partial realization. The company also extended its revolving credit facility to February 2029, improving terms and maintaining £120 million in available liquidity.
PINTs diversified portfolio spans sectors like Digital, Power & Utilities, Renewables & Energy Efficiency, and Transport & Logistics, with a focus on developed OECD markets. The companys investment strategy emphasizes assets with long-term contracted revenues, regulatory support, and strong counterparties, providing resilience and defensive characteristics.
Looking ahead, PINT is well-positioned to benefit from structural tailwinds such as digitalization and growing power demand. The Board remains confident in the long-term investment case for infrastructure and is committed to disciplined reinvestment, discount management, and delivering attractive returns for shareholders.
Metric20242025Change
Net Asset Value (NAV)£553m£611m+10.5%
NAV per share118.1p130.4p+10.4%
Total dividends per share4.2p4.346p+3.5%
Market capitalization£418m£508m+21.5%
NAV Total Return14.9%14.4%-3.3%
Weighted aggregate LTM EBITDA£76m£83m+9.2%
Debt (Weighted average gearing)35%36%+2.9%
06:01
80 Positive
TGP
Tekmar Group plc
Positive
Tekmar Group plc has secured two contracts totaling £2 million for a Japanese offshore wind farm project, involving the supply of its 10th generation Cable Protection Technology. The contracts, awarded following preliminary technical analysis and design work, reinforce Tekmars presence in the Asia-Pacific region and its diversified offshore wind market strategy. Revenue recognition is expected across FY26 and H1 FY27, supporting the companys long-term growth ambitions under Project Aurora.
Tekmar Group plc has secured two contracts totaling £2 million for a Japanese offshore wind farm project, involving the supply of its 10th generation Cable Protection Technology. The contracts, awarded following preliminary technical analysis and design work, reinforce Tekmars presence in the Asia-Pacific region and its diversified offshore wind market strategy. Revenue recognition is expected across FY26 and H1 FY27, supporting the companys long-term growth ambitions under Project Aurora.
NewContract
06:01
88 Trading Edge
DUKE
Duke Royalty Ltd
Positive
Duke Capital Limited reports a strong Q4 FY26 with record recurring cash revenue of £7.0 million, an 8% year-on-year increase. Total cash revenue is expected to reach £8.5 million, boosted by the final deferred consideration from the Fabrikat exit. The Fabrikat sale yielded a 35% IRR over five years. CEO Neil Johnson highlights the resilience of Dukes business model in a challenging macroeconomic environment and the ability to deliver shareholder upside through exits. The company looks forward to sharing annual results, emphasizing its focus on capital preservation, attractive dividend yield, and exit-driven growth.
Duke Capital Limited reports a strong Q4 FY26 with record recurring cash revenue of £7.0 million, an 8% year-on-year increase. Total cash revenue is expected to reach £8.5 million, boosted by the final deferred consideration from the Fabrikat exit. The Fabrikat sale yielded a 35% IRR over five years. CEO Neil Johnson highlights the resilience of Dukes business model in a challenging macroeconomic environment and the ability to deliver shareholder upside through exits. The company looks forward to sharing annual results, emphasizing its focus on capital preservation, attractive dividend yield, and exit-driven growth.
MetricQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26 (Forecast)
Recurring Cash Revenue£6.5 million£6.6 million£6.6 million£6.8 million£7.0 million
Total Cash Revenue£6.5 million£6.6 million£6.6 million£6.8 million£8.5 million
Year-on-Year Growth (Recurring Cash Revenue)-1.5%1.5%4.6%7.7%
Quarter-on-Quarter Growth (Recurring Cash Revenue)-1.5%0%3.0%2.9%
Debt (Fabrikat Exit)£6.2 million (investment)---£1.5 million (deferred payment received)
IRR (Fabrikat Exit)----35% over 5 years
06:01
93 Strong Beat
TMO
Time Out Group plc
Positive
**Summary:** Time Out Group plc, a global media and hospitality company, reported its unaudited interim results for the six months ended 31 December 2025 (HY26). Key highlights include: 1. **Financial Performance:** - Group revenues increased by 2% to £39.8 million. - Adjusted EBITDA rose significantly by 23% to £6.0 million, driven by improved performance in both Markets and Media divisions. - Markets division adjusted EBITDA was £6.7 million, while Media division returned to profitability with £1.9 million adjusted EBITDA. - An £8 million equity placing was announced and completed early 2026 to support growth and efficiency programs. 2. **Operational Highlights:** - **Markets Division:** Two new markets opened (Budapest and Manhattan), with Vancouver and Abu Dhabi scheduled for 2026. Chicago Market was closed, and Boston Market was licensed to a local developer to improve cash flow and EBITDA. - **Media Division:** Strategy review led to a 33% increase in monthly audience reach to 244 million, driven by social media growth. Media revenue grew by 3%, and adjusted EBITDA turned positive at £1.9 million. 3. **Strategic Focus:** - Shift towards capital-light management agreements for Markets, with a focus on super-prime locations. - Media division adapted to changing user behavior, emphasizing video and social media content, and streamlining operations. 4. **Outlook:** - The Group is well-positioned for sustainable, profitable growth with a streamlined cost base, a growing portfolio of high-margin management agreements, and a profitable Media division. - Continued focus on direct revenue growth, social media reach, and maintaining high brand trust while leveraging AI for efficiency. 5. **Financial Review:** - Group revenue growth of 2%, with strong margins and reduced operating expenses. - Markets revenue increased by 2%, and Media revenue by 3%. - Operating loss reduced to £0.3 million, including £3.1 million in exceptional restructuring items. - Adjusted EBITDA increased to £6.0 million, reflecting improved operational efficiency. 6. **Cash and Debt:** - Cash and cash equivalents increased to £5.4 million, supported by cash generated from operations and financing activities. - Borrowings and lease liabilities remain significant, but the Group is managing these through refinancing and strategic initiatives. 7. **Going Concern:** - The Group continues to operate on a going concern basis, with a focus on refinancing senior debt and managing covenants. Overall, Time Out Group plc demonstrated significant operational and financial progress in HY26, positioning itself for future growth through strategic adjustments and improved efficiency.
**Summary**
Time Out Group plc, a global media and hospitality company, reported its unaudited interim results for the six months ended 31 December 2025 (HY26). Key highlights include
1. **Financial Performance**
Group revenues increased by 2% to £39.8 million.
Adjusted EBITDA rose significantly by 23% to £6.0 million, driven by improved performance in both Markets and Media divisions.
Markets division adjusted EBITDA was £6.7 million, while Media division returned to profitability with £1.9 million adjusted EBITDA.
An £8 million equity placing was announced and completed early 2026 to support growth and efficiency programs.
2. **Operational Highlights**
**Markets Division** Two new markets opened (Budapest and Manhattan), with Vancouver and Abu Dhabi scheduled for 2026. Chicago Market was closed, and Boston Market was licensed to a local developer to improve cash flow and EBITDA.
**Media Division** Strategy review led to a 33% increase in monthly audience reach to 244 million, driven by social media growth. Media revenue grew by 3%, and adjusted EBITDA turned positive at £1.9 million.
3. **Strategic Focus**
Shift towards capital-light management agreements for Markets, with a focus on super-prime locations.
Media division adapted to changing user behavior, emphasizing video and social media content, and streamlining operations.
4. **Outlook**
The Group is well-positioned for sustainable, profitable growth with a streamlined cost base, a growing portfolio of high-margin management agreements, and a profitable Media division.
Continued focus on direct revenue growth, social media reach, and maintaining high brand trust while leveraging AI for efficiency.
5. **Financial Review**
Group revenue growth of 2%, with strong margins and reduced operating expenses.
Markets revenue increased by 2%and Media revenue by 3%.
Operating loss reduced to £0.3 million, including £3.1 million in exceptional restructuring items.
Adjusted EBITDA increased to £6.0 million, reflecting improved operational efficiency.
6. **Cash and Debt**
Cash and cash equivalents increased to £5.4 million, supported by cash generated from operations and financing activities.
Borrowings and lease liabilities remain significant, but the Group is managing these through refinancing and strategic initiatives.
7. **Going Concern**
The Group continues to operate on a going concern basis, with a focus on refinancing senior debt and managing covenants.
Overall, Time Out Group plc demonstrated significant operational and financial progress in HY26, positioning itself for future growth through strategic adjustments and improved efficiency.
Financial MetricHY26 (31 Dec 2025)HY25 (31 Dec 2024)Change
Revenue£39.8m£38.9m+2%
Group Adjusted EBITDA£6.0m£4.8m+23%
Markets Division Adjusted EBITDA£6.7m£6.9m-2%
Media Division Adjusted EBITDA£1.9m-£0.6mTurnaround
Operating Loss-£0.3m-£2.6mImproved
Net Finance Expense-£6.7m-£4.2m+58%
Loss Before Tax-£7.0m-£6.8m+2%
Cash and Cash Equivalents£5.4m£4.8m+£0.6m
Borrowings-£56.1m-£39.9m+40%
Adjusted Net Debt-£50.7m-£35.0m+45%
06:01
93 Strong Beat
RPI
Raspberry Pi Holdings PLC
Positive
Raspberry Pi Holdings PLC reported strong FY 2025 results with a 25% increase in EBITDA to $46.4 million, driven by 25% revenue growth to $323.2 million and 9% higher unit volumes. Gross profit rose 23% to $77.8 million, and profit before tax surged 63% to $26.5 million. Basic EPS increased 73% to 11.22 cents. The company benefited from strong demand across OEMs and resellers, particularly in the USA and China, with semiconductor device volumes exceeding board and module volumes for the first time. Raspberry Pi Connect gained traction, approaching 400k connected devices, and the company launched 13 new products. Despite rising DRAM costs, the company maintained profitability through supplier diversification and pricing adjustments. The company ended the year with net cash of $28.1 million, exceeding expectations. Management expects FY 2026 profitability to be in line with market estimates, with revenue materially higher, despite ongoing DRAM supply challenges.
Raspberry Pi Holdings PLC reported strong FY 2025 results with a 25% increase in EBITDA to $46.4 million, driven by 25% revenue growth to $323.2 million and 9% higher unit volumes. Gross profit rose 23% to $77.8 million, and profit before tax surged 63% to $26.5 million. Basic EPS increased 73% to 11.22 cents. The company benefited from strong demand across OEMs and resellers, particularly in the USA and China, with semiconductor device volumes exceeding board and module volumes for the first time. Raspberry Pi Connect gained traction, approaching 400k connected devices, and the company launched 13 new products. Despite rising DRAM costs, the company maintained profitability through supplier diversification and pricing adjustments. The company ended the year with net cash of $28.1 million, exceeding expectations. Management expects FY 2026 profitability to be in line with market estimates, with revenue materially higher, despite ongoing DRAM supply challenges.
Here is the HTML table code comparing the financials and debt year on year for Raspberry Pi Holdings PLC:
MetricFY 2025FY 2024Change
Revenue ($m)323.2259.525%
Gross Profit ($m)77.863.223%
Gross Margin (%)24.1%24.4%-0.3ppt
Adjusted EBITDA ($m)46.437.225%
Profit Before Tax ($m)26.516.363%
Cash ($m)28.145.8(39%)
Net Cash ($m)28.145.8(39%)
Debt ($m)000%
**Notes:** * The table compares key financial metrics for Raspberry Pi Holdings PLC between FY 2025 and FY 2024. * The company reported strong growth in revenue, gross profit, and adjusted EBITDA, but a decrease in cash and net cash due to paying down extended supplier payables. * There is no debt reported for either year. * The table does not include all financial metrics mentioned in the text, but focuses on the most relevant ones for a year-on-year comparison.
06:01
98 Exceptional
APTA
Aptamer Group PLC
Positive
Aptamer Group PLC announced the results of its Retail Offer and the posting of the notice of General Meeting. The Retail Offer raised approximately £274,000, with a total of £4.5 million raised through the Placing, Subscription, and Retail Offer. The funds are subject to the approval of certain resolutions at the General Meeting scheduled for April 13, 2026. The company, a leading developer of next-generation synthetic binders for the life sciences industry, will issue 45,665,573 Retail Offer Shares at 0.6p per share. The announcement also includes important notices regarding the offers restrictions, forward-looking statements, and product governance requirements.
Aptamer Group PLC announced the results of its Retail Offer and the posting of the notice of General Meeting. The Retail Offer raised approximately £274,000, with a total of £4.5 million raised through the Placing, Subscription, and Retail Offer. The funds are subject to the approval of certain resolutions at the General Meeting scheduled for April 13, 2026. The company, a leading developer of next-generation synthetic binders for the life sciences industry, will issue 45,665,573 Retail Offer Shares at 0.6p per share. The announcement also includes important notices regarding the offers restrictions, forward-looking statements, and product governance requirements.
Premium Placing
06:01
93 Strong Beat
BAG
A.G.Barr PLC
Positive
**Summary:** A.G. BARR p.l.c., a UK-based multi-beverage company, reported strong financial results for FY25/26, ending January 31, 2026. Revenue grew by 4.0% to £437.3 million, driven by value-led performance across core brands like IRN-BRU, Rubicon, and Boost. Adjusted operating margin increased by 120 basis points to 14.8%, and adjusted profit before tax rose 12.5% to £65.8 million. The company maintained its adjusted return on capital employed (ROCE) at 20.4% despite significant investments in brand development and capital expenditure. Strategic acquisitions, including Innate-Essence, Frobishers, and Fentimans, expanded the companys presence in functional health and premium socialising segments. The final dividend increased by 11.0% to 15.27p per share, reflecting strong cash generation and confidence in future growth. A.G. BARR enters FY26/27 with momentum, focusing on innovation, channel expansion, and integration of recent acquisitions to drive sustainable growth and shareholder returns.
**Summary**
A.G. BARR p.l.c., a UK-based multi-beverage company, reported strong financial results for FY25/26, ending January 31, 2026. Revenue grew by 4.0% to £437.3 million, driven by value-led performance across core brands like IRN-BRU, Rubicon, and Boost. Adjusted operating margin increased by 120 basis points to 14.8%, and adjusted profit before tax rose 12.5% to £65.8 million. The company maintained its adjusted return on capital employed (ROCE) at 20.4% despite significant investments in brand development and capital expenditure. Strategic acquisitions, including Innate-Essence, Frobishers, and Fentimans, expanded the companys presence in functional health and premium socialising segments. The final dividend increased by 11.0% to 15.27p per share, reflecting strong cash generation and confidence in future growth. A.G. BARR enters FY26/27 with momentum, focusing on innovation, channel expansion, and integration of recent acquisitions to drive sustainable growth and shareholder returns.
Financial Metric2024/252025/26Change
Revenue (£m)420.4437.3+4.0%
Adjusted Profit Before Tax (£m)58.565.8+12.5%
Adjusted Operating Margin (%)13.6%14.8%+120bps
Adjusted Return on Capital Employed (%)20.8%20.4%-40bps
Adjusted EPS (basic pence/share)39.77p44.24p+11.2%
Net Cash at Bank (£m)63.941.6-34.9%
Full Year Dividend (pence/share)16.86p18.71p+11.0%
Debt (£m)040.0+100%
06:01
80 Positive
JNEO
Journeo PLC
Positive
Journeo plc, a leading provider of intelligent systems for transport networks and critical national infrastructure, has secured £2.4 million in contracts under a four-year framework agreement with a major UK utility company. These contracts involve delivering high-security infrastructure protection solutions for critical assets, with design work already underway and completion expected in 2026. The announcement highlights Journeos expertise in safeguarding critical infrastructure and the continued trust from UK distribution network operators. The company operates across integrated services, information systems, and infrastructure protection, with significant investment in research and development to support innovative, scalable solutions.
Journeo plc, a leading provider of intelligent systems for transport networks and critical national infrastructure, has secured £2.4 million in contracts under a four-year framework agreement with a major UK utility company. These contracts involve delivering high-security infrastructure protection solutions for critical assets, with design work already underway and completion expected in 2026. The announcement highlights Journeos expertise in safeguarding critical infrastructure and the continued trust from UK distribution network operators. The company operates across integrated services, information systems, and infrastructure protection, with significant investment in research and development to support innovative, scalable solutions.
NewContract
06:01
98 Exceptional
ATN
Eastinco Mining & Exploration PLC
Positive
Aterian plc announces the successful completion of its AI collaboration with Lithosquare SAS, identifying eight high-priority exploration targets across Morocco and Botswana. The partnership leverages AI-driven geological analysis to accelerate mineral discovery, enhance targeting efficiency, and optimize exploration capital allocation. The next phase includes detailed work programs and finalizing a long-form JV agreement, positioning Aterian to advance its critical minerals portfolio amid growing global demand.
Aterian plc announces the successful completion of its AI collaboration with Lithosquare SAS, identifying eight high-priority exploration targets across Morocco and Botswana. The partnership leverages AI-driven geological analysis to accelerate mineral discovery, enhance targeting efficiency, and optimize exploration capital allocation. The next phase includes detailed work programs and finalizing a long-form JV agreement, positioning Aterian to advance its critical minerals portfolio amid growing global demand.
AI
06:01
80 Positive
RSG
Resolute Mining Limited
Positive
Resolute Mining Limited and Nimba Mining Company S.A. (NMC), a Guinean state-owned entity, have signed a strategic Memorandum of Understanding (MoU) to jointly evaluate and develop gold projects in Guinea. This partnership, supported by the Guinean government, marks NMCs first collaboration with an international gold mining company and aligns with Guineas Simandou 2040 Vision to diversify its mining sector beyond bauxite. The MoU focuses on mineral resource assessment, geological studies, and frameworks for large-scale gold production, with a preliminary evaluation of mining areas to be completed within 90 days. The non-binding agreement paves the way for a joint venture, emphasizing sustainable development and local content enhancement in Guineas mining ecosystem.
Resolute Mining Limited and Nimba Mining Company S.A. (NMC), a Guinean state-owned entity, have signed a strategic Memorandum of Understanding (MoU) to jointly evaluate and develop gold projects in Guinea. This partnership, supported by the Guinean government, marks NMCs first collaboration with an international gold mining company and aligns with Guineas Simandou 2040 Vision to diversify its mining sector beyond bauxite. The MoU focuses on mineral resource assessment, geological studies, and frameworks for large-scale gold production, with a preliminary evaluation of mining areas to be completed within 90 days. The non-binding agreement paves the way for a joint venture, emphasizing sustainable development and local content enhancement in Guineas mining ecosystem.
Partner
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Signal Storm

⚡ Live 2026-03-31 678 alerts
0UKH
0UKH Bank of Montreal
17:29
Market

Publication of Final Terms

FLTR
FLTR Flutter Entertainment PLC
17:26
Market

Transaction in Own Shares

AMS
AMS Advanced Medical Solutions …
17:18
Market

Total Voting Rights

SBDS
SBDS Silver Bullet Data Services…
17:17
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Keith Morris', '17.89', '8.92']
ZTF
ZTF Zotefoams PLC
17:07
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Lombard Odier Asset Management (Europe) Ltd', '5.290000', 0]
GEN
GEN Genuit Group plc
17:02
Market

Total Voting Rights

LLOY
LLOY Lloyds Banking Group PLC
17:00
Market

Transaction in Own Shares

EKF
EKF EKF Diagnostics Holdings Plc
17:00
Market

Share Buyback

OSB
OSB OneSavings Bank PLC
16:58
Market

Total Voting Rights

CLC
CLC Calculus VCT plc
16:56
Market

Directorate change

ATG
ATG Auction Technology Group PLC
16:55
Market

TR-1: Notification of Major Holdings

TR1 Buy

TR1 Buy
['FitzWalter Capital Limited', '26.030638', '25.339184']
ESCT
ESCT The European Smaller Compan…
16:51
Market

Transaction in Own Shares

BVA
BVA Banco Bilbao Vizcaya Argent…
16:51
Market

BBVAs share capital reduction

EARN
EARN EARNZ plc
16:47
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Pentwater Capital Management LP', '14.996500', '5.185967']
EARN
EARN EARNZ plc
16:46
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['UBS Group AG - Investment Bank & Global Wealth Management', '0.000000', '6.199871']
SCF
SCF Schroder Income Growth Fund
16:44
Market

Total Voting Rights

PMI
PMI Premier Miton Group plc
16:43
Market

Transfer of Initial Consideration Shares

ARR
ARR Aurora Investment Trust plc
16:42
Market

Transaction in Own Shares

BVT
BVT Baronsmead Venture Trust Plc
16:39
Market

Transaction in Own Shares

BMD
BMD Baronsmead Second Venture T…
16:38
Market

Transaction in Own Shares

CNSL
CNSL Cambridge Nutritional Scien…
16:36
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Spreadex LTD', '8.126200', '8.021100']
JUGI
JUGI JPMorgan UK Small Cap Growt…
16:34
Market

Transaction in Own Shares

CNSL
CNSL Cambridge Nutritional Scien…
16:33
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Cantor Fitzgerald Europe', '4.600000', '5.708700']
GROW
GROW Draper Esprit PLC
16:31
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
PPP
PPP Pennpetro Energy Plc
16:31
Market

Signing of Loan Release Deed agreement

Im unable to provide a summary without the text.

Im unable to provide a summary without the text.
Agreement
NAIT
NAIT The North American Income T…
16:29
Market

Transaction in Own Shares

TTE
TTE TotalEnergies SE
16:29
Market

Director/PDMR Shareholding

MONY
MONY MONY Group plc
16:28
Market

Transaction in Own Shares

BRGE
BRGE BlackRock Greater Europe In…
16:27
Market

Transaction in Own Shares

SJG
SJG Schroder Japan Growth Fund
16:26
Market

Total Voting Rights

CNC
CNC Concurrent Technologies Plc
16:25
Market

Block Admission Application

SOI
SOI Schroder Oriental Income Fu…
16:25
Market

Total Voting Rights

MLVN
MLVN Malvern International
16:25
Market

Result of AGM

SCP
SCP Schroder UK Mid Cap Fund PLC
16:23
Market

Total Voting Rights

FEML
FEML Fidelity Emerging Markets O…
16:23
Market

Transaction in Own Shares

HOC
HOC Hochschild Mining plc
16:21
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['BlackRock, Inc.', '5.000000', '4.990000']
MTU
MTU Montanaro UK Smaller Compan…
16:21
Market

Transaction in Own Shares

SCP
SCP Schroder UK Mid Cap Fund PLC
16:21
Market

Transaction in Own Shares

HSL
HSL Henderson Smaller Cos Inv T…
16:20
Market

Transaction in Own Shares

SCF
SCF Schroder Income Growth Fund
16:20
Market

Transaction in Own Shares

BNKR
BNKR Bankers Investment Trust
16:20
Market

Transaction in Own Shares

FIPP
FIPP Frontier IP Group Plc
16:19
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['First Equity Limited', '4.191002', '3.146557']
MTE
MTE Montanaro European Smaller …
16:18
Market

Transaction in Own Shares

SBSI
SBSI Schroder BSC Social Impact …
16:18
Market

Total Voting Rights

SDP
SDP Schroder Asia Pacific Fund
16:18
Market

Transaction in Own Shares

GCP
GCP GCP Infrastructure Investme…
16:18
Market

Total Voting Rights

JFJ
JFJ JPMorgan Japanese Investmen…
16:18
Market

Transaction in Own Shares

CGT
CGT Capital Gearing Trust
16:18
Market

Transaction in Own Shares

HGT
HGT HG Capital Trust PLC
16:17
Market

Transaction in Own Shares

BOW
BOW Bow Street Group plc
16:16
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
MIGO
MIGO Migo Opportunities Trust PLC
16:16
Market

Transaction in Own Shares

GNC
GNC Greencore Group
16:16
Market

Total Voting Rights

FGT
FGT Finsbury Growth & Income Tr…
16:15
Market

Transaction in Own Shares

AWEM
AWEM Ashoka WhiteOak Emerging Mr…
16:15
Market

Issue of Equity

FRAN
FRAN Franchise Brands PLC
16:14
Market

Proposed Share Premium cancellation

JEDT
JEDT JPMorgan Euro Small Compani…
16:14
Market

Transaction in Own Shares

FCSS
FCSS Fidelity China Special Situ…
16:13
Market

Transaction in Own Shares

MRC
MRC The Mercantile Investment T…
16:12
Market

Transaction in Own Shares

N91
N91 Ninety One PLC
16:12
Market

Shares Repurchase Programme

FCH
FCH Funding Circle Holdings PLC
16:11
Market

TVR-Total Voting Rights

DIG
DIG Dunedin Income Growth Inves…
16:11
Market

Transaction in Own Shares

CLCO
CLCO Cloudcoco Group PLC
16:10
Market

Final Results

**Summary:** CloudCoCo Group PLC, a Sheffield-based e-commerce and IT procurement company, announced its final results for the year ended 30 September 2025. The company reported a total comprehensive profit of £2.6 million, primarily driv…

**Summary**
CloudCoCo Group PLC, a Sheffield-based e-commerce and IT procurement company, announced its final results for the year ended 30 September 2025. The company reported a total comprehensive profit of £2.6 million, primarily driven by a gain on the disposal of its legacy managed services businesses. Group revenue decreased to £9.6 million due to the disposal, but continuing operations revenue remained stable at £8.0 million. The company successfully repaid its £6.2 million MXC loan notes, becoming substantially debt-free, and reduced Plc costs by 46% to £0.5 million.
Operationally, CloudCoCo made significant progress, with an annualised revenue run-rate approaching £10 million by the end of the year. The companys e-commerce platform, MoreCoCo, continued to drive revenues, with over 50% of orders processed without human intervention. The company also expanded its WebStore platform, supporting approximately 60 business customers.
Post year-end, CloudCoCo announced a strategic growth initiative, Project Brightstar, and raised £275,000 through a share subscription to support this initiative. The company aims to scale its revenues, improve margin quality, and move towards sustainable profitability, focusing on increasing direct web sales and expanding software-led revenue streams.
The companys strategic transformation, including the disposal of non-core businesses and the launch of Project Brightstar, positions CloudCoCo for future growth in the B2B technology procurement market. The Board believes the company is well-positioned to accelerate its growth strategy in FY2026, with a strengthened balance sheet, a lean cost base, and a clear strategic focus.
Financial MetricFY 2025FY 2024Year-on-Year Change
Group Revenue£9.6 million£27.5 millionDecrease of £17.9 million (65%)
Continuing Operations Revenue£8.0 million£8.7 millionDecrease of £0.7 million (8%)
Total Comprehensive Profit/Loss£2.6 million profit£3.1 million lossTurnaround of £5.7 million
Profit from Discontinued Operations£3.1 millionN/ANew item in FY 2025
Trading Group EBITDA (Continuing Operations)£0.08 million£0.06 millionIncrease of £0.02 million (33%)
Debt (MXC Loan Notes)£0 (fully repaid)£6.2 millionDecrease of £6.2 million (100%)
Plc Costs£0.5 million£0.8 millionDecrease of £0.3 million (38%)
DELT
DELT Deltic Energy PLC
16:09
Market

Lapsing of Scheme & End of offer period

Im unable to provide a summary without the text.

Im unable to provide a summary without the text.
Offers
ABF
ABF Associated British Foods PLC
16:09
Market

Total Voting Rights

RMV
RMV Rightmove PLC
16:09
Market

Transaction in Own Shares

SEC
SEC Strategic Equity Capital Cl…
16:09
Market

Transaction in Own Shares

BGCG
BGCG Baillie Gifford China Growt…
16:07
Market

Transaction in Own Shares

MNKS
MNKS Monks Investment Trust PLC
16:07
Market

Transaction in Own Shares

ANII
ANII Aberdeen New India Investme…
16:06
Market

Transaction in Own Shares

POLR
POLR Polar Capital Holdings plc
16:06
Market

Transaction in Own Shares

FVEN
FVEN Foresight Ventures VCT plc
16:06
Market

Transaction in Own Shares

FSFL
FSFL Foresight Solar Fund Ltd
16:05
Market

Transaction in Own Shares

MKA
MKA Mkango Resources Ltd
16:04
Market

RetailBook Offer

Mkango Resources Ltd announces a conditional retail offer of new Common Shares via RetailBook, priced at 33 pence per share, representing a 14.5% discount to the closing mid-price on AIM as of March 31, 2026. The offer is open to both exis…

Mkango Resources Ltd announces a conditional retail offer of new Common Shares via RetailBook, priced at 33 pence per share, representing a 14.5% discount to the closing mid-price on AIM as of March 31, 2026. The offer is open to both existing and new investors in the UK, with a minimum subscription of £250. The proceeds will support growth opportunities, capital expenditure, and working capital. The offer is conditional on the completion of a concurrent placing to institutional investors and admission of shares to trading on AIM and TSX-V by April 10, 2026.
Offers
BUT
BUT Brunner Investment Trust
16:04
Market

Transaction in Own Shares

BGS
BGS Baillie Gifford Shin Nippon…
16:03
Market

Transaction in Own Shares

SBO
SBO Schroder British Opportunit…
16:02
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Staude Capital Pty Ltd', '13.675946', '12.750000']
PCFT
PCFT Polar Capital Global Financ…
16:02
Market

Transaction in Own Shares

ASL
ASL Aberforth Smaller Companies…
16:02
Market

Total Voting Rights

BGUK
BGUK Baillie Gifford UK Growth F…
16:01
Market

Transaction in Own Shares

NWG
NWG NatWest Group PLC
16:01
Market

Total Voting Rights

CRS
CRS Crystal Amber Fund Limited
16:01
Market

Total Voting Rights

FMET
FMET Fulcrum Metals PLC
16:01
Market

Total Voting Rights

MERC
MERC Mercia Technologies PLC
16:01
Market

Transaction in Own Shares

ATC
ATC Atlantic Coal Plc
16:01
Market

Total Voting Rights

ENSI
ENSI EnSilica PLC
16:01
Market

Total Voting Rights

TERN
TERN Tern Plc
16:01
Market

Total Voting Rights

AEO
AEO Aeorema Communications Plc
16:01
Market

Total Voting Rights

PEN
PEN Pennant International Group…
16:01
Market

Total Voting Rights

PAG
PAG Paragon Banking Group PLC
16:01
Market

Total Voting Rights

SNDA
SNDA Sunda Energy Plc
16:01
Market

Total Voting Rights

BUT
BUT Brunner Investment Trust
15:59
Market

Result of AGM

PGOO
PGOO Proven Growth and Income Vc…
15:59
Market

Intention to utilise an over allotment facility

SOI
SOI Schroder Oriental Income Fu…
15:59
Market

Transaction in Own Shares

FEV
FEV Fidelity European Values
15:59
Market

Transaction in Own Shares

JIGI
JIGI JPMorgan India Growth & Inc…
15:58
Market

Transaction in Own Shares

BGFD
BGFD Baillie Gifford Japan Trust
15:58
Market

Transaction in Own Shares

UEM
UEM Utilico Emerging Markets Ltd
15:57
Market

Transaction in Own Shares & Total Voting Rights

TRST
TRST Trustpilot Group PLC
15:57
Market

Total Voting Rights

BGEU
BGEU Baillie Gifford European Gr…
15:56
Market

Transaction in Own Shares

GSCT
GSCT The Global Smaller Companie…
15:55
Market

Transaction in Own Shares

SAIN
SAIN Scottish American Investmen…
15:54
Market

Transaction in Own Shares

EJFI
EJFI EJF Investments Ltd
15:54
Market

Total Voting Rights

JCH
JCH JPMorgan Claverhouse Invest…
15:53
Market

Transaction in Own Shares

HFEL
HFEL Henderson Far East Income L…
15:46
Market

Issue of Equity

JUSC
JUSC JPmorgan US Smaller Compani…
15:46
Market

Transaction in Own Shares

IKIV
IKIV Ikigai Ventures Ltd
15:46
Market

Unaudited Interim Results

DLN
DLN Derwent London PLC
15:46
Market

Total Voting Rights

BNC
BNC Banco Santander S.A.
15:45
Market

Total Voting Rights

HHV
HHV Hargreave Hale Aim Vct PLC
15:42
Market

Total Voting Rights

FWT
FWT Foresight Solar & Techn VCT…
15:41
Market

Transaction in Own Shares

JEGI
JEGI JPMorgan European Growth & …
15:36
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Allspring Global Investments Holdings.', '4.796000', '9.939000']
PU13
PU13 Puma VCT 13 PLC
15:36
Market

Total Voting Rights

WSG
WSG Westminster Group Plc
15:33
Market

Trading Update

Westminster Group Plc anticipates a 35% revenue increase to £8.2m for FY 2025, with an EBITDA loss of £0.62m. H1 2025 revenues are expected to double to £7.5m, with a £1.5m EBITDA profit, despite temporary cash flow issues due to delayed p…

Westminster Group Plc anticipates a 35% revenue increase to £8.2m for FY 2025, with an EBITDA loss of £0.62m. H1 2025 revenues are expected to double to £7.5m, with a £1.5m EBITDA profit, despite temporary cash flow issues due to delayed payments from Sierra Leone and Gabon contracts. The company is addressing funding through short-term loans, a potential $2.5m strategic investment, and an upcoming offshore banking facility. Progress is noted in resolving Gabon contract delays, with revenues expected from May 2026. The company highlights a strong pipeline of global opportunities, including significant projects in Africa, the Middle East, and the US, while restructuring its board and advisors to support future growth.
Financial Metric20242025 (Full Year)2025 (Half Year to 31 Dec)Change (Full Year)Change (Half Year)
Revenues (£m)6.078.27.5+35%+100%
EBITDA (£m)-1.47-0.621.5+58%N/A
Debt/FundingN/AShort-term loans, potential $2.5m investment, offshore banking facilityN/AN/AN/A
CYAN
CYAN Cyanconnode Holdings PLC
15:32
Market

Extension of PUSU Deadline

WSG
WSG Westminster Group Plc
15:32
Market

Directorate changes

HSW
HSW Hostelworld Group PLC
15:31
Market

Director/PDMR Shareholding

WSG
WSG Westminster Group Plc
15:31
Market

Resignation of NOMAD & Broker

VANQ
VANQ Vanquis Banking Group PLC
15:31
Market

Total Voting Rights

VTY
VTY Vistry Group PLC
15:31
Market

Total Voting Rights

RDT
RDT Rosslyn Data Technologies p…
15:31
Market

Total Voting Rights

JMGI
JMGI JPMorgan Emerging Markets I…
15:27
Market

Dividend Declaration

0A28
0A28 Prosus N.V.
15:27
Market

Transaction in Own Shares

CAU
CAU Centaur Media
15:24
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Aberforth Partners LLP', '9.905000', '12.910000']
SEQI
SEQI Sequoia Econ Infrastructure
15:22
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of shares
BMTO
BMTO Braime Group PLC
15:17
Market

Acquisition of Don Electronics

PALM
PALM Panther Metals PLC
15:14
Market

Result of General Meeting

WEIR
WEIR Weir Group PLC
15:11
Market

Director/PDMR Shareholding

TPV
TPV Triple Point Venture VCT PLC
15:10
Market

Total Voting Rights

TPV
TPV Triple Point Venture VCT PLC
15:06
Market

Result of General Meeting

IPF
IPF International Personal Fina…
15:05
Market

Form 8 Dealing Disclosure

MSI
MSI MS INTERNATIONAL plc
15:05
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of Ordinary Shares
IPF
IPF International Personal Fina…
15:02
Market

Form 8 Dealing Disclosure

CHRY
CHRY Chrysalis Investments Ltd
15:02
Market

Result of AGM

LLOY
LLOY Lloyds Banking Group PLC
15:01
Market

Total Voting Rights

HHV
HHV Hargreave Hale Aim Vct PLC
15:00
Market

Transaction in Own Shares

IPF
IPF International Personal Fina…
15:00
Market

Director/PDMR Shareholding

BNKR
BNKR Bankers Investment Trust
14:53
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of Ordinary Shares
CHG
CHG Chemring Group PLC
14:47
Market

Director/PDMR Shareholding

SGE
SGE Sage Group PLC
14:46
Market

Total Voting Rights

AMG
AMG Atlas Metals Group plc
14:46
Market

Issue of Equity

AIQ
AIQ AIQ Ltd
14:42
Market

Loan Agreement

CRTA
CRTA Cirata plc
14:40
Market

Management Changes

IAG
IAG International Consolidated …
14:40
Market

Total Voting Rights

UPLL
UPLL UPL Ltd. GDR
14:36
Market

Outcome and Voting of EGM

DVNO
DVNO Develop North PLC
14:34
Market

Result of Equity Issue

BGEO
BGEO Lion Finance Group PLC
14:33
Market

Director/PDMR Shareholding

IDOX
IDOX IDOX plc
14:31
Market

Result of AGM

CHRY
CHRY Chrysalis Investments Ltd
14:27
Market

Results of AGM

JUST
JUST Just Group plc
14:26
Market

Form 8.3

SDR
SDR Schroders PLC
14:26
Market

Form 8.3

IPF
IPF International Personal Fina…
14:26
Market

Form 8.3

IPF
IPF International Personal Fina…
14:26
Market

Form 8.3

BEZ
BEZ Beazley plc
14:26
Market

Form 8.3

JTC
JTC JTC PLC
14:26
Market

Form 8.3

CRST
CRST Crest Nicholson Holdings plc
14:24
Market

Total Voting Rights

PMI
PMI Premier Miton Group plc
14:19
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
MONY
MONY MONY Group plc
14:10
Market

Total Voting Rights

BLND
BLND British Land Company PLC
14:08
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['JANUS HENDERSON GROUP PLC', '5.119326', '5.003524']
EWI
EWI Edinburgh Worldwide Investm…
14:04
Market

EWIT response to Saba Capital's last announcement

ULVR
ULVR Unilever PLC
14:01
Market

Notice of AGM

EWG
EWG W.A.G payment solutions plc
14:01
Market

Director/PDMR Shareholding

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

Share <mark style="background-coloryellow">Purchase</mark>
MAB
MAB Mitchells & Butlers PLC
14:01
Market

Total Voting Rights

AA4
AA4 Amedeo Air Four Plus Limited
14:01
Market

Form 8.3

IBT
IBT International Biotechnology…
13:56
Market

IBT portfolio company Apellis acquired by Biogen

AWEM
AWEM Ashoka WhiteOak Emerging Mr…
13:55
Market

Total Voting Rights

GLB
GLB Glanbia plc
13:54
Market

Total Voting Rights

CKT
CKT Checkit PLC
13:50
Market

Form 8.3 - Checkit PLC

HTWS
HTWS Helios Towers Plc
13:35
Market

Total Voting Rights

III
III 3I Group PLC
13:31
Market

Total Voting Rights

BYIT
BYIT Bytes Technology Ltd
13:31
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Public Investment Corporation SOC Ltd', '6.041', '5.210']
SGRO
SGRO Segro Plc
13:31
Market

Total Voting Rights

N91
N91 Ninety One PLC
13:31
Market

Total Voting Rights

III
III 3I Group PLC
13:30
Market

Admission to Trading

TEAM
TEAM TEAM plc
13:29
Market

Final Results

TEAM plc, a wealth, asset management, and financial services group, announced its final audited results for the year ending September 30, 2025. The company reported significant growth and strategic transformations, including the acquisitio…

TEAM plc, a wealth, asset management, and financial services group, announced its final audited results for the year ending September 30, 2025. The company reported significant growth and strategic transformations, including the acquisitions of WH Ireland and EPIC, which added over £1 billion in assets under management (AUM). These moves established TEAM as a scaled international platform, enhancing its recurring revenue streams, client diversification, and market presence across the UK, Channel Islands, and international markets.
**Financial Highlights**
**Revenue Growth** Organic growth across all divisions led to a 16% increase in sales to £12.0 million.
**Client Assets** Total client assets grew by 11% to £1.29 billion, driven primarily by the International division.
**Adjusted EBITDA** Improved to a loss of £1.4 million, demonstrating operational leverage as the business scales.
**AUM Growth** Post-year-end acquisitions are expected to increase AUM to over £2.3 billion.
**Strategic Acquisitions**
**WH Ireland** Acquired for £12.7 million, adding £0.97 billion in AUM and a UK-based wealth management team.
**EPIC Acquisitions**
**EPIC Markets (UK)** Acquired £157 million in AUM for £1 million.
**EPIC Fund Services (Guernsey)** Acquired for £880,000, adding fiduciary and corporate services capabilities.
**Operational Performance**
**Investment Management** Revenues rose 10% to £1.5 million, driven by Model Portfolio Services and UCITS funds.
**Advisory** Revenues increased 17.5% to £2.4 million, reflecting new client activity and transitions to discretionary management.
**International** Revenues grew 17% to £8.1 million, supported by adviser network expansion and strong demand.
**Post-Year-End Developments**
**Acquisition Impact** The acquisitions are expected to significantly increase AUM and revenues, positioning TEAM for accelerated growth.
**Strategic Integration** The acquisitions enhance TEAMs infrastructure, control, and scalability, creating a more integrated and higher-quality client proposition.
**Future Outlook**
**Profitability Path** The company is moving towards profitability, with scale and managed assets driving financial performance.
**Growth and Expansion** Continued focus on organic growth, strategic acquisitions, and operational efficiency to strengthen market position.
**Corporate Governance and Financial Position:**
**Governance** TEAM adheres to the QCA Corporate Governance Code, maintaining strong oversight and stakeholder engagement.
**Financial Position** Net assets declined to £8.7 million, reflecting losses and share issuances. Cash and cash equivalents stood at £1.359 million.
**Conclusion**
TEAM plcs strategic acquisitions and organic growth have transformed it into a scaled international wealth and asset management platform. With a focus on recurring revenues, operational efficiency, and client diversification, the company is well-positioned for future growth and profitability.
Here is the comparison of financials and debt year on year in an HTML table format:
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)Change (%)
Revenues10,27911,9531,67416%
Operating Loss(2,879)(2,656)2238%
Adjusted EBITDA(1,650)(1,362)28817%
Client Assets (£'m)1,1601,28912911%
Cash and Cash Equivalents1,7361,359(377)(22%)
Total Debt (Lease Liabilities + Loan Notes)2,3562,98262627%
**Notes:** * Total Debt is calculated as the sum of Lease Liabilities and Loan Notes. * The percentage change is calculated based on the absolute values, not considering the negative sign for losses. This table provides a concise comparison of key financial metrics and debt levels between 2024 and 2025. It highlights the growth in revenues, improvement in operating loss and adjusted EBITDA, increase in client assets, decrease in cash and cash equivalents, and rise in total debt.
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Unilever PLC and McCormick & Company, Inc. have entered into an agreement to combine Unilevers Foods business with McCormick, creating a global flavor powerhouse with a superior growth profile. The combined business will have leading, icon…

Unilever PLC and McCormick & Company, Inc. have entered into an agreement to combine Unilevers Foods business with McCormick, creating a global flavor powerhouse with a superior growth profile. The combined business will have leading, iconic brands and high growth potential brands, with revenues of $20 billion based on fiscal year 2025 data.
**Key Points**
**Transaction Value** The enterprise value of Unilever Foods is $44.8 billion, with an EV/Sales ratio of 3.6x and an EV/EBITDA multiple of 13.8x.
**Ownership Structure** Unilever and its shareholders will receive shares equal to 65.0% of the fully diluted combined company equity, and Unilever will receive a cash payment of $15.7 billion. Unilever shareholders will own 55.1% of the combined company, while McCormick shareholders will own 35.0%.
**Synergies** The combined company expects to realize approximately $600 million of annual run-rate cost synergies, with full value expected by the end of year three. Incremental cost and revenue synergies of $100 million will be reinvested for growth.
**Leadership and Governance** The combined company will be led by McCormicks CEO and CFO, with senior management representation from Unilever Foods. McCormick will retain its name, global headquarters, and NYSE listing, and will establish international headquarters in the Netherlands with a planned secondary listing in Europe.
**Impact on Unilever** The separation of Unilever Foods will position Unilever as a leading pureplay HPC company, with a focus on Beauty, Wellbeing, Personal Care, and Home Care. Unilever expects to have an enhanced category footprint, superior growth in faster-growing markets, and a more premium portfolio with greater exposure to digital commerce.
**Value Creation** Unilever reaffirms its commitment to delivering mid-single digit underlying sales growth, underpinned by at least 2% underlying volume growth and continued modest improvement in operating margin. The capital allocation framework remains unchanged, prioritizing organic growth and productivity investments.
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Agreement
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b) Nature of the transaction <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares

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2. **AGM Details**The AGM will be held at the companys offices in Dublin, Ireland, with a Circular and Form of Proxy provided to shareholders.
3. **Principal Risks**
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7. **Contacts and Documentation**Relevant documents are available for inspection via the National Storage Mechanism and the companys website. Shareholders are encouraged to review the Annual Report and AGM materials.
Hostelworld remains focused on navigating challenges while leveraging opportunities in the evolving travel and technology landscape.
Since there is no financial data provided in the text, I cannot compare financials and debt year on year. However, I can provide a general HTML table structure that could be used for such a comparison if the data were available. th>Total Debt
YearRevenueNet IncomeDebt to Equity Ratio
2024N/AN/AN/AN/A
2025N/AN/AN/AN/A
If you provide the actual financial data, I can populate this table and provide a more detailed comparison.
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**Summary**
Baillie Gifford Shin Nippon PLC (BGS) released its annual financial report for the year ending January 31, 2026, highlighting a 5.4% increase in net asset value (NAV) per share and a 14.4% rise in share price, underperforming the comparative MSCI Japan Small Cap Index, which grew by 21.5%. Over five years, the companys NAV and share price declined by 36.1% and 43.8%, respectively, while the index increased by 42.4%. The company attributed its performance to challenges in investing in Japanese smaller companies, particularly high-growth, domestically-oriented small caps, exacerbated by rising interest rates, a weak yen, and valuation de-rating. Despite these headwinds, the board remains optimistic about the long-term growth potential of Japanese smaller companies, citing undervalued markets and strong fundamentals.
Key developments include the promotion of Brian Lum to lead portfolio manager and Jared Anderson to deputy portfolio manager, with a portfolio turnover of 21.2%. The companys share price ended the period at a 7.5% discount to NAV, and a final dividend of 0.69p per share was recommended. Shareholders approved changes to the tender offer and introduced a continuation vote in 2028 and a 100% performance-triggered tender. The annual management fee was adjusted to 0.65% on the first £250m of net assets and 0.55% on the remainder.
The companys total assets stood at £428.9 million, with a focus on achieving long-term capital growth through investments in Japanese smaller companies. The report also detailed the companys stewardship principles, environmental, social, and governance (ESG) engagement, and proxy voting activities, emphasizing long-term value creation, alignment, governance, and sustainable business practices.
Financial Metric20252026Year-on-Year Change
Net Asset Value (NAV) per Share139.4p146.3p+4.95%
Share Price119.0p135.4p+13.78%
Discount to NAV-14.6%-7.5%Improvement by 7.1%
Revenue Return per Share0.67p0.77p+14.93%
Final Dividend per Share0.60p0.69p+15.00%
Total Assets£453.21 million£428.92 million-5.36%
Bank Loans¥16.1 billion¥14.84 billion-7.83%
Net Gearing16.1%14.9%Reduction by 1.2%
Ongoing Charges Ratio0.80%0.81%+1.25%
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The recent share <mark style="background-color:yellow">purchase</mark>s by the Board and the Manager reflect our strong conviction in the Companys strategy and prospects."

The recent share <mark style="background-color:yellow">purchase</mark>s by the Board and the Manager reflect our strong conviction in the Companys strategy and prospects."
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<mark style="background-color:yellow"></mark>

<mark style="background-coloryellow"></mark>
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Trading Update

Plexus Holdings PLC provided a trading update for FY26, highlighting progress in its higher-margin rental model strategy, including doubling its rental fleet to 16 Exact EX wellhead sets. Despite sustained interest in its technology and a …

Plexus Holdings PLC provided a trading update for FY26, highlighting progress in its higher-margin rental model strategy, including doubling its rental fleet to 16 Exact EX wellhead sets. Despite sustained interest in its technology and a strong pipeline, project delays due to external factors like geopolitical tensions and policy uncertainties have impacted revenue expectations. Current activity includes £1.5m in P&A work under a UKCS Framework Agreement and a resumed Middle East exploration project. North Sea and North American projects face delays, but the company remains confident in its strategic positioning and pipeline strength, with sufficient working capital for the immediate future.
Financial AspectFY25 (Previous Year)FY26 (Current Year)Comparison
Revenue ExpectationNot SpecifiedSignificantly Below Previous ExpectationsDecrease
Capital ExpenditureNot SpecifiedNo Additional RequiredStable/Reduced
Working CapitalNot SpecifiedSufficient for Immediate FutureStable
DebtNot SpecifiedNot MentionedNo Change Reported
Rental Fleet Size8 Exact EX Wellhead SetsDoubled to 16 Exact EX Wellhead SetsIncrease
Project DelaysNot MentionedSignificant Delays in North Sea and North American ProjectsIncrease
VLG
VLG Venture Life Group PLC
06:02
Market

Transaction in Own Shares

WATR
WATR Water Intelligence plc
06:02
Market

Total Voting Rights

RTW
RTW RTW Venture Fund Ltd
06:02
Market

Transaction in Own Shares

DEC
DEC Diversified Energy Company …
06:02
Market

Miscellaneous

HALO
HALO HaloSource Corporation
06:01
Market

New Investor Presentation and Webinar

MFAI
MFAI Mindflair Plc
06:01
Market

Literal Labs wins AI award

Literal Labs, a portfolio company of Mindflair plc, has won the AI-Research & Innovation Award at the Global AI Excellence Award 2025 for its logic-based AI technology, which enables faster, lower-power inference on standard processors and…

Literal Labs, a portfolio company of Mindflair plc, has won the AI-Research & Innovation Award at the Global AI Excellence Award 2025 for its logic-based AI technology, which enables faster, lower-power inference on standard processors and edge devices. This recognition highlights Literal Labs technical innovation and commercial potential, reinforcing Mindflairs confidence in its AI-focused investment portfolio.
AI
GNIP
GNIP GenIP PLC
06:01
Market

Commercial Update

GenIP Plc, a technology evaluation and commercialization platform, reports significant growth and strategic progress 18 months post-IPO. Key highlights include: - **Revenue Growth**: FY25 revenue surged ~330%, with strong demand across t…

GenIP Plc, a technology evaluation and commercialization platform, reports significant growth and strategic progress 18 months post-IPO. Key highlights include
**Revenue Growth**FY25 revenue surged ~330%, with strong demand across the US, Asia, and other markets.
**Market Expansion**Asia became the largest market, growing ~3,500% YoY, while Europe and Latin America grew ~111% and ~51%, respectively.
**Product Development**Invention Prioritizer and Invention Validator gained traction, broadening the product suite and increasing revenue per client.
**Commercial Resourcing**Strengthened leadership with new hires in enterprise sales, Latin America, and Asia to support pipeline expansion.
**Outlook**Focused on advancing institutional opportunities, expanding client engagements, and deploying new products, positioning GenIP for continued growth in 2026.
CEO Melissa Cruz emphasized global demand, deepening client relationships, and strategic alignment for the next growth phase.
MetricFY25FY26 (YoY Change)
Revenue Growthc.330%N/A (Not provided for FY26)
Asia Market Growthc.3,500%N/A (Not provided for FY26)
Europe Market Growthc.111%N/A (Not provided for FY26)
Latin America Market Growthc.51%N/A (Not provided for FY26)
Rest of World Market Growthc.21%N/A (Not provided for FY26)
Debt InformationNot providedNot provided
**Note:** The provided text does not contain specific financial figures or debt information for a year-on-year comparison. The table above reflects the available growth percentages for FY25 and notes the absence of FY26 data and debt information.
GMR
GMR Gaming Realms plc
06:01
Market

Investor Presentation

CRS
CRS Crystal Amber Fund Limited
06:01
Market

Posting of Circular and Notice of EGM

BIRG
BIRG Bank of Ireland Group PLC
06:01
Market

Further update on UK Motor Finance

GAL
GAL Galantas Gold Corporation
06:01
Market

Update on Acquisition of Andacollo Project

SRC
SRC Sigmaroc PLC
06:01
Market

New debt facility

MAB1
MAB1 Mortgage Advice
06:01
Market

Launch of Share Buyback Programme

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1) has launched a share buyback programme to purchase up to 478,775 ordinary shares at 0.1 pence each, primarily to fulfill obligations from share option programmes. The buyback, managed by St…

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1) has launched a share buyback programme to purchase up to 478,775 ordinary shares at 0.1 pence each, primarily to fulfill obligations from share option programmes. The buyback, managed by Stifel Nicolaus Europe Limited (KBW), will operate within EU market regulations incorporated into UK law and is authorized by shareholders from May 21, 2025. Purchased shares will be held in treasury, with weekly announcements of transactions. The programme begins immediately and will end upon reaching the maximum share limit or the authoritys expiration.
Launch
LLOY
LLOY Lloyds Banking Group PLC
06:01
Market

Motor Finance Update

OPT
OPT Optima Health plc
06:01
Market

Launch of Underwritten Open Offer

RCOI
RCOI Riverstone Credit Opportuni…
06:01
Market

Update on Compulsory Redemption of Shares

VNH
VNH VietNam Holding Limited
06:01
Market

UK Reporting Fund Report - 30 June 2025

VTU
VTU Vertu Motors Plc
06:01
Market

EBT Share Purchase

DATA
DATA GlobalData PLC
06:01
Market

Launch of new £10 million Share Buyback Programme

GlobalData Plc announces a new £10 million share buyback programme to return surplus capital to shareholders and reduce share capital. The programme, commencing on 31 March 2026, will repurchase and cancel ordinary shares within pre-set pa…

GlobalData Plc announces a new £10 million share buyback programme to return surplus capital to shareholders and reduce share capital. The programme, commencing on 31 March 2026, will repurchase and cancel ordinary shares within pre-set parameters, including price limits and volume restrictions, in compliance with UK regulations. The initiative operates under shareholder authority granted at the 2025 AGM and is managed by Investec Bank plc. Further regulatory announcements will be made as required.
Launch
RECI
RECI Real Estate Credit Investme…
06:01
Market

Update on Buyback Programme

CRTA
CRTA Cirata plc
06:01
Market

Preliminary Results

**Summary:** Cirata PLCs preliminary results for FY25 highlight significant strategic and financial achievements. The company reported its strongest Data Integration (DI) bookings since 2017, with FY25 DI bookings at $13.2 million, a 181%…

**Summary**
Cirata PLCs preliminary results for FY25 highlight significant strategic and financial achievements. The company reported its strongest Data Integration (DI) bookings since 2017, with FY25 DI bookings at $13.2 million, a 181% increase year-on-year. Q4 FY25 DI bookings reached $9.8 million, the highest quarterly performance in the companys history. Cirata secured its largest direct and OEM contracts, a $3.1 million three-year deal with a US insurer and a $6.7 million three-year agreement via IBM, respectively. The divestment of the DevOps business for $3.4 million allowed Cirata to focus exclusively on DI, reducing its annualised cost base to $12-13 million, less than one-third of its peak.
Financial highlights include a 96% increase in total bookings to $13.9 million, a 77% rise in total revenue to $13.6 million, and a 74% decrease in adjusted EBITDA loss to $3.8 million. Cash and cash equivalents stood at $4.0 million, with short-term trade receivables of $3.4 million, totaling $7.4 million. The company targets cash flow positivity in Q1 FY26 and aims for cash flow break-even for FY26. The FCA investigation concluded with no further action, and Cirata launched Cirata Symphony, a new Data Orchestration platform.
Management emphasized the focus on building predictability, deepening strategic partnerships, and expanding within the Global 2000 customer base. Despite the inherent lumpiness of enterprise software revenues, Cirata is positioned for sustainable growth, supported by its strategic repositioning and market opportunities in Data Integration and Orchestration.
Financial Metric20242025Year-on-Year Change
Total Bookings ($m)7.113.996% Increase
Data Integration Bookings ($m)4.713.2181% Increase
Total Revenue ($m)7.713.677% Increase
Revenue from Continuing Operations ($m)4.611.9157% Increase
Revenue from Discontinued Operations ($m)3.11.745% Decrease
Total Cash Overheads ($m)20.616.122% Decrease
Cash Overheads Continuing Operations ($m)18.514.919% Decrease
Cash Overheads Discontinued Operations ($m)2.11.148% Decrease
Adjusted EBITDA Loss ($m)-14.4-3.874% Decrease in Loss
Operating Loss ($m)-15.8-4.671% Decrease in Loss
Cash and Cash Equivalents ($m)9.74.059% Decrease
Short-term Trade Receivables ($m)3.43.40% Change
Combined Cash and Short-term Receivables ($m)13.17.444% Decrease
PRN
PRN Princes Group plc
06:01
Market

2025 Preliminary Results

HFG
HFG Hilton Food Group Plc
06:01
Market

Preliminary Results

**Summary:** Hilton Food Group PLCs preliminary results for the 52 weeks ended 28 December 2025 highlight a resilient performance in core businesses, with adjusted profit before tax (PBT) of £73.2 million, including discontinued operation…

**Summary**
Hilton Food Group PLCs preliminary results for the 52 weeks ended 28 December 2025 highlight a resilient performance in core businesses, with adjusted profit before tax (PBT) of £73.2 million, including discontinued operations, and £69.0 million from continuing operations. The companys strategic review focuses on core meat businesses, with improvement plans for Seachill, Foppen, and Dalco. The 2026 outlook remains unchanged, with adjusted PBT expected between £60 million and £65 million.
Key financial highlights include a 0.2% volume increase, 11.9% revenue growth from continuing operations, and a 1.0% decline in adjusted PBT from continuing operations on a constant currency basis. The company proposes a final dividend of 24.9p, maintaining its progressive dividend policy.
Strategically, Hilton Foods aims to maximize its core meat business, enhance its product mix, and expand geographically. The company is investing in facilities in Canada and Saudi Arabia, with operations expected to commence in 2027. The balance sheet remains strong, with net bank debt slightly improved to £126.7 million.
Regional performance varies, with UK & Ireland facing challenges in the seafood business, while Europe and APAC show growth. The company is committed to sustainability, reducing emissions and maintaining its A CDP score.
In summary, Hilton Food Group demonstrates resilience in its core operations, strategic focus on growth, and commitment to sustainability and shareholder returns, despite short-term challenges in certain segments.
Financial Metric20252024Change
Revenue from Continuing Operations (£m)4,214.63,821.410.3%
Adjusted Operating Profit (£m)99.3104.7-5.2%
Adjusted Profit Before Tax (£m)73.276.1-3.8%
Net Bank Debt (£m)126.7131.4-3.6%
Free Cash Flow (£m)53.662.2-13.8%
Return on Capital Employed (ROCE)20.1%21.7%-1.6ppt
JDG
JDG Judges Scientific Plc
06:01
Market

Unaudited Preliminary Results

**Summary:** Judges Scientific PLC, a scientific instrument sector company, reported unaudited preliminary results for FY25, highlighting a disappointing year with a 9.1% revenue increase to £145.8m, but adjusted operating profit rose onl…

**Summary**
Judges Scientific PLC, a scientific instrument sector company, reported unaudited preliminary results for FY25, highlighting a disappointing year with a 9.1% revenue increase to £145.8m, but adjusted operating profit rose only 0.4% to £28.0m. Adjusted basic earnings per share fell 2.9% to 275.3p, and cash generated from operations decreased 2.9% to £33.0m. Despite challenges, the company increased its final dividend by 10% to 82.3p per share. Key issues included a 10% drop in organic order intake, a 15.7-week organic order book, and a 17% decline in 2026 YTD order intake compared to 2025. The company faced headwinds from US research funding uncertainties and reduced investments in offshore wind. However, fundamentals remain intact, with a 10% minority interest in Geotek do Brasil acquired and strengthened executive leadership. The company expects 2026 Adjusted EPS to be in the range of 200p - 250p, assuming no coring expedition and no US trading recovery.
Financial Metric20242025Change
Revenue£133.6m£145.8m+9.1%
Adjusted Operating Profit£27.9m£28.0m+0.4%
Adjusted Basic Earnings per Share283.4p275.3p-2.9%
Cash Generated from Operations£34.0m£33.0m-2.9%
Final Dividend per Share74.8p82.3p+10.0%
Adjusted Net Debt (excl. IFRS 16)£(51.7)m£(42.6)m+17.6%
Cash Balances (inc. bank overdrafts)£17.9m£19.4m+8.4%
Statutory Net Debt£(55.7)m£(45.8)m+17.8%
VRCI
VRCI Verici Dx Plc
06:01
Market

Board Change

STG
STG Strip Tinning Holdings 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
MET1
MET1 Metals One PLC
06:01
Market

Director/PDMR Shareholding

IGG
IGG IG Group Holdings PLC
06:01
Market

Appointment of Board Chair

NET
NET Netcall plc
06:01
Market

Director/PDMR Shareholding

Netcall plc (AIM: NET), an enterprise software company that unites automation and customer engagement in one AI-powered platform, announces the <mark style="background-color:yellow">purchase</mark> of 10,000 ordinary shares of 5 pence each…

Netcall plc (AIMNET), an enterprise software company that unites automation and customer engagement in one AI-powered platform, announces the <mark style="background-color:yellow">purchase</mark> of 10,000 ordinary shares of 5 pence each ("Ordinary Shares") by Henrik Bang, Non-Executive Chair, the purchase of 25,000 Ordinary Shares by James Ormondroyd, Chief Executive Officer, and the purchase of 50,000 Ordinary Shares by James Platt, Non-Executive Director.
OCI
OCI Oakley Capital Investments …
06:01
Market

Standard form for notification of major holdings

TR1 Buy

TR1 Buy
['Asset Value Investors Limited', '5.205420', '4.792400']
AMCO
AMCO Amcomri Group plc
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Anseres Capital Management, LLC', '3.01', 0]
KGF
KGF Kingfisher PLC
06:01
Market

Directorate change

PRU
PRU Prudential plc
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['UBS Group AG-Investment Bank & Global Wealth Management', '4.988492', '0.000000']
ADF
ADF Facilities By ADF PLC
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Octopus Investments Limited', '3.430000', '6.490000']
MANO
MANO Manolete Partners PLC
06:01
Market

Directorate Changes

EAH
EAH Eco Animal Health Group Plc
06:01
Market

Board Change

FDEV
FDEV Frontier Developments Plc
06:01
Market

Director/PDMR Shareholding

ATG
ATG Auction Technology Group PLC
06:01
Market

TR-1: Notification of Major Holdings

TR1 Buy

TR1 Buy
['FitzWalter Capital Limited', '26.030638', '25.339184']
DNLM
DNLM Dunelm Group PLC
06:01
Market

Director/PDMR Shareholding

IGC
IGC India Capital Growth Fund
06:01
Market

Director/PDMR Shareholding

CHLL
CHLL Chill Brands Group PLC
06:01
Market

Directorate change

IXI
IXI IXICO PLC
06:01
Market

Placings and Subscription

IXICO plc, a global leader in neuroscience imaging and biomarker analytics, announced a proposed fundraising of up to £10.5 million through a combination of placings, subscription, and a retail offer. The funds will be used to develop the …

IXICO plc, a global leader in neuroscience imaging and biomarker analytics, announced a proposed fundraising of up to £10.5 million through a combination of placings, subscription, and a retail offer. The funds will be used to develop the IXI™ Platform, invest in staff, and pursue FDA approval for their software as a medical device. The fundraising includes a first placing of £2.8 million, a subscription of £0.1 million, a second placing of £7.1 million, and a retail offer of up to £0.5 million. The company will hold a general meeting on April 16, 2026, to approve the necessary resolutions for the fundraising. The issue price for the new shares is 8 pence, representing a 1.6% premium to the previous closing price. The company aims to accelerate growth by expanding its addressable market through a TechBio model, enabling third-party licensing and integration of its technology.
Premium Placing
ULVR
ULVR Unilever PLC
06:01
Market

Response to Media Speculation

Unilever PLC confirms advanced discussions with McCormick & Company regarding a potential strategic transaction involving its Foods business (excluding India operations). The deal, if finalized, would combine Unilever Foods with McCormick,…

Unilever PLC confirms advanced discussions with McCormick & Company regarding a potential strategic transaction involving its Foods business (excluding India operations). The deal, if finalized, would combine Unilever Foods with McCormick, valuing the transaction at approximately US$15.7 billion in cash and McCormick equity. Unilever shareholders would hold 65% of the combined entity, structured as a tax-free Reverse Morris Trust. No certainty of agreement exists, and further announcements will follow as appropriate. The company cautions against undue reliance on forward-looking statements, highlighting risks and uncertainties that could impact outcomes.
Speculation
TXP
TXP Touchstone Exploration Inc
06:01
Market

Annual 2025 Financial and Operating Results

**Summary:** Touchstone Exploration Inc. reported its 2025 annual financial and operating results, highlighting key achievements and challenges. The company achieved a safety milestone with zero lost-time injuries in 2025 and completed th…

**Summary**
Touchstone Exploration Inc. reported its 2025 annual financial and operating results, highlighting key achievements and challenges. The company achieved a safety milestone with zero lost-time injuries in 2025 and completed the acquisition of Shell Trinidad Central Block Limited, adding significant natural gas production. Annual production averaged 4,686 boe/d, an 18% decrease from 2024, primarily due to natural declines. Revenue totaled $45.82 million, down 20% from 2024, impacted by lower natural gas production and weaker realized prices. Operating netback was $21.26 million, and funds flow from operations was $5.37 million, a 68% decline year-over-year. Net income was $10.89 million, supported by non-cash gains. Capital expenditures were $28.38 million, focused on drilling and development. The company faced liquidity concerns, with a working capital deficit of $15.4 million and projected covenant breaches in 2026, prompting strategic initiatives to bolster liquidity and address uncertainties.
YearFinancials20242025Year-on-Year Change
RevenuePetroleum and Natural Gas Sales ($ million)57.4745.82-20%
Net Income ($ million)8.2710.89+32%
Funds Flow from Operations ($ million)16.755.37-68%
Capital Expenditures ($ million)23.67928.377+20%
Net Debt ($ million)29.10972.890+150%
Average Daily Production (boe/d)5,7344,686-18%
QHE
QHE Quantum Helium Limited
06:01
Market

Half-Year Results

BRCK
BRCK BRCK Group plc
06:01
Market

Statement regarding possible offer

BRCK Group PLC announces that Atlas Holdings LLC made an unsolicited, non-binding indicative offer to acquire the company at 65 pence per share, which the board rejected as undervaluing the company. The board is open to further engagement …

BRCK Group PLC announces that Atlas Holdings LLC made an unsolicited, non-binding indicative offer to acquire the company at 65 pence per share, which the board rejected as undervaluing the company. The board is open to further engagement if Atlas improves its offer, but remains confident in BRCKs independent prospects. Atlas must decide by April 28, 2026, whether to make a firm offer or withdraw, per takeover regulations. Shareholders are advised to take no action at this time.
Offers
SNT
SNT Sabien Technology Group Plc
06:01
Market

Half-year Report for the 6 months to 31 Dec 2025

Sabien Technology Group Plc reports its unaudited interim results for the six months ended 31 December 2025, highlighting significant progress in its green aggregation strategy. Key financial and operational highlights include: - **Revenu…

Sabien Technology Group Plc reports its unaudited interim results for the six months ended 31 December 2025, highlighting significant progress in its green aggregation strategy. Key financial and operational highlights include
**Revenue Growth**Sales revenue increased by 51% to £504,000 compared to the same period in 2024, driven by strong performance in the M2G Cloud Connect business.
**Reduced Net Loss**Net loss after tax decreased significantly to £209,000 from £377,000 in H1 FY25, reflecting higher revenue and cost discipline.
**M2G Cloud Connect**The transition to a channel-led model has proven successful, with growing revenues and an active pipeline, supported by facilities management partnerships.
**City Oil Field (COF) Partnership**Sabien’s exclusive rights to COF’s Regenerated Green Oil (RGO) technology in the UK and Arizona are highlighted as a potential game-changer. COF’s first full-scale plant in Korea is operational and certified, validating the technology’s commercial viability.
**Strategic Focus**The Group is now concentrated on two core pillars: M2G Cloud Connect and COF RGO, with advanced discussions for commercial sites in the UK and Arizona.
**Funding and Support**Continued backing from Parris Group Limited provides essential working capital, with additional support through loan facilities and invoice factoring.
**Outlook**While H1 performance is strong, the Board cautions against extrapolating growth into H2 due to pipeline conversion uncertainties. Focus remains on converting the M2G sales pipeline, advancing COF RGO commercialisation, and maintaining cost discipline.
Overall, Sabien demonstrates meaningful progress in its green strategy, with a clear direction and confidence in building long-term value despite ongoing challenges.
Financial and Debt Comparison (Year on Year)
Metric6 months to 31 Dec 20256 months to 31 Dec 2024Year to 30 Jun 2025Change 2025 vs 2024 (6 months)Change 2025 (6 months) vs 2025 (Year)
Revenue (£'000)504334847+51%~60% of FY25
Gross Profit Margin (%)626765-5%-3%
Net Loss After Tax (£'000)(209)(377)(647)-45%-68%
Cash at End of Period (£'000)371567+147%-45%
Borrowings (£'000)406239239+69%+70%
Net Liabilities (£'000)(304)(37)(112)+722%+171%
VID
VID Videndum Plc
06:01
Market

2025 Full Year Results

**Summary:** Videndum PLCs 2025 full-year results show a decline in revenue to £228.3 million, with adjusted EBITDA at £9.0 million and an adjusted loss before tax of £31.5 million. The company faced challenges, including US tariffs and m…

**Summary**
Videndum PLCs 2025 full-year results show a decline in revenue to £228.3 million, with adjusted EBITDA at £9.0 million and an adjusted loss before tax of £31.5 million. The company faced challenges, including US tariffs and market uncertainty, but implemented cost-saving measures, achieving £15 million in savings. Key achievements include an £85 million equity raise, reducing net debt by £112 million, and the sale of non-core businesses. The company launched 22 new product lines, including the Manfrotto ONE system. Despite a tough year, Videndum expects revenue growth in 2026, supported by new products and operational efficiencies. The company aims for medium-term revenue exceeding £350 million and a mid-teens adjusted EBITDA margin.
Metric20252024Change
Revenue£228.3m£280.7m(19%)
Adjusted EBITDA£9.0m£20.1m(55%)
Adjusted EBITDA margin4.0%7.2%(3.2%)
Adjusted loss before tax£(31.5)m£(25.0)m(26%)
Adjusted operating cash flow£5.3m£16.6m(68%)
Free cash flow£(23.6)m£4.3mN/A
Net debt£142.3m£133.0m7%
**Year-on-Year Comparison:** - **Revenue**: Declined by 19% from £280.7m in 2024 to £228.3m in 2025, primarily due to lower volumes and market challenges. - **Adjusted EBITDA**: Decreased by 55% from £20.1m to £9.0m, driven by lower revenue, partially offset by cost savings. - **Adjusted EBITDA margin**: Fell from 7.2% to 4.0%, reflecting the impact of lower revenue on profitability. - **Adjusted loss before tax**: Increased by 26% from £(25.0)m to £(31.5)m, due to lower EBITDA and higher finance costs. - **Adjusted operating cash flow**: Dropped by 68% from £16.6m to £5.3m, mainly due to lower EBITDA. - **Free cash flow**: Turned negative from £4.3m to £(23.6)m, impacted by higher interest, restructuring costs, and debt amendment fees. - **Net debt**: Increased by 7% from £133.0m to £142.3m, despite proceeds from disposals and equity raises, due to interest, financing fees, and restructuring costs.
RBW
RBW Rainbow Rare Earths Limited
06:01
Market

Subscription raises £11.1m from investors

STAN
STAN Standard Chartered PLC
06:01
Market

Transaction in Own Shares

IRON
IRON Ironveld Plc
06:01
Market

Financial Results for the Year Ended 30 June 2025

Ironveld PLC, a UK-based mining company, reported its financial results for the year ended 30 June 2025. The company experienced a reduction in losses, with a loss before taxation of £1.6 million compared to £1.8 million in the previous ye…

Ironveld PLC, a UK-based mining company, reported its financial results for the year ended 30 June 2025. The company experienced a reduction in losses, with a loss before taxation of £1.6 million compared to £1.8 million in the previous year. Net loss for the year was £1,556,000, down from £2,250,000 in FY24. Cash and cash equivalents increased to £862,000, and current liabilities decreased to £4,124,000 after settling outstanding borrowings. Share capital and premium rose to £43.1 million, and the company raised £3,460,000 in net equity finance through placings and capital reorganization.
Operationally, Ironvelds subsidiary Lapon Mining commenced blasting at the Altona opencast pit and advanced the DMS-grade magnetite processing plant to the testing phase. The company also increased its investment in South African subsidiaries to £34.7 million. Post-period, Ironveld signed a Mining Operations Agreement with Daemaneng Minerals, transferring operational and financial responsibility for mining activities, and agreed to a binding term sheet for Daemaneng to manage the DMS plant, targeting 6,000 to 15,000 tonnes per month.
The company completed a trial delivery of DMS-grade magnetite and anticipates phased commercial volumes. Weather-related delays have subsided, and plant upgrades are on track for completion by March 2026. Ironveld also secured key commercial terms for a significant Run-of-Mine offtake and is in discussions with a German trading house for a strategic marketing agreement. The market outlook is strengthened by the China-Africa Economic Partnership Agreement, offering duty-free access for magnetite exports, and additional export opportunities in Mozambique, Botswana, and the United States.
Chairman Dr. John Wardle and CEO Kris Andersson highlighted the companys strategic partnerships, de-risked business model, and progress toward commercialization. The company remains focused on establishing sustained cash flow and realizing the value of its asset base.
Here is the comparison of financials and debt year on year presented as an HTML table:
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)
Loss before taxation1,8001,600(200)
Net loss for the year2,2501,556(694)
Cash and cash equivalents4862858
Current liabilities5,1204,124(996)
Share capital and share premium38,90043,1004,200
Net equity finance raised9613,4602,499
Borrowings (within Current liabilities)5700(570)

Key Observations:

  • Loss before taxation decreased by £200,000, indicating improved operational efficiency.
  • Net loss for the year reduced significantly by £694,000, reflecting better financial management.
  • Cash and cash equivalents increased substantially by £858,000, likely due to successful equity raises.
  • Current liabilities decreased by £996,000, primarily due to settlement of outstanding borrowings.
  • Share capital and share premium increased by £4,200,000, reflecting successful equity placements.
  • Net equity finance raised increased by £2,499,000, indicating strong investor confidence.
  • Borrowings were fully settled, reducing debt by £570,000.
This table and the observations highlight the year-on-year improvements in financials and debt reduction for Ironveld PLC.
ANP
ANP Anpario Plc
06:01
Market

Final Results

**Summary:** Anpario plc, a manufacturer of natural and sustainable feed additives for animal health, reported strong financial results for the year ended December 31, 2025. Key highlights include: - **Revenue Growth:** Revenue increased…

**Summary**
Anpario plc, a manufacturer of natural and sustainable feed additives for animal health, reported strong financial results for the year ended December 31, 2025. Key highlights include
**Revenue Growth** Revenue increased by 24% to £47.2 million, driven by the full-year contribution from the Bio-Vet acquisition and 12% like-for-like growth excluding Bio-Vet.
**Profitability Improvement** Gross margin improved to 50.9%, and profit before tax rose by 54% to £8.0 million. Adjusted EBITDA increased by 38% to £9.6 million.
**Earnings Growth** Basic earnings per share increased by 63% to 40.20p, and diluted adjusted earnings per share rose by 33% to 39.49p.
**Dividend Increase** The proposed final dividend increased to 8.90p per share, resulting in a total dividend for the year of 12.50p per share, an 11% increase.
**Operational Highlights** Successful integration of Bio-Vet, strong like-for-like sales growth across regions, and continued growth in premium product classes.
**Outlook** Trading in line with expectations, continued growth in North America, strong start in the Middle East, and efforts to mitigate the impact of the conflict in Iran on logistics and supply chains.
The companys performance reflects successful strategy execution, growing demand for natural feed additives, and operational leverage. Anpario remains focused on long-term profitable growth, innovation, and strengthening customer relationships, despite macroeconomic and geopolitical uncertainties.
Here is the HTML table code comparing the financials and debt year on year for Anpario PLC: td>54%
Metric20252024Change% Change
Revenue£47.2m£38.2m£9.0m24%
Gross Profit£24.0m£17.9m£6.1m34%
Profit Before Tax£8.0m£5.2m£2.8m
Adjusted EBITDA£9.6m£7.0m£2.6m38%
Cash and Cash Equivalents£12.4m£10.5m£1.9m18%
Net Debt (Cash)£12.4m (Cash)£10.5m (Cash)£1.9m18%
**Notes:** * The table compares key financial metrics for Anpario PLC between 2025 and 2024. * All values are in millions of British pounds (£m). * The "Change" column shows the absolute difference between 2025 and 2024 values. * The "% Change" column shows the percentage change between 2025 and 2024 values. * Net Debt is calculated as Total Debt minus Cash and Cash Equivalents. Since Anpario PLC has no debt, Net Debt is equal to Cash and Cash Equivalents.
80M
80M 80 Mile Plc
06:01
Market

Total Voting Rights

PANR
PANR Pantheon Resources
06:01
Market

Unaudited Interim Results

RCFX
RCFX RC Fornax Plc
06:01
Market

Trading Update

VLG
VLG Venture Life Group PLC
06:01
Market

Interim Results

Venture Life Group PLC announced its unaudited interim results for the 12-month period ended 31 December 2025, highlighting a strategic shift to a pure-play consumer healthcare company. Key points include: - **Revenue Growth**: Group reve…

Venture Life Group PLC announced its unaudited interim results for the 12-month period ended 31 December 2025, highlighting a strategic shift to a pure-play consumer healthcare company. Key points include
**Revenue Growth**Group revenue increased by 32.2% to £35.2 million, with a 11.4% proforma growth, driven by strong performance in the UK and the acquisition of Health & Her Limited.
**Divestments**Sold CDMO operations and non-core products for €62 million and oral care brands for up to £4.5 million, simplifying the business model and generating significant cash.
**Profitability**Adjusted EBITDA decreased by 3.6% to £6.0 million due to temporary cost base adjustments post-divestments, while adjusted profit before tax increased to £4.9 million.
**Cash Position**Received £56.1 million from divestments, repaid the RCF, and ended with £34.2 million in cash, positioning the company for M&A activities.
**Strategic Focus**Transitioned to a capital-light, brand-focused, omnichannel approach, with reinvestment in senior management and digital capabilities.
**Operational Highlights**Successfully integrated Health & Her, launched new products, and strengthened leadership.
**Post-Period Performance**Q1 revenues trading 18% ahead of prior year, with gross margin improvement and continued M&A progress.
**Shareholder Returns**Returned £4.7 million to shareholders via a share buyback program, acquiring 7.0 million shares.
**Future Outlook**Confident in meeting guidance for the 17-month period ending 31 May 2026, with a focus on organic and acquisitive growth.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric20242025Change
Revenue (£ million)26.635.2+32.3%
Gross Profit (£ million)12.215.8+30.0%
Adjusted EBITDA (£ million)6.26.0-3.6%
Operating (Loss)/Profit (£ million)1.5(1.3)N/A
Net Debt (£ million)20.1(33.5)N/A
Cash Position (£ million)3.134.2+1003.2%
Free Cash Flow (£ million)3.73.3-10.8%

Notes:

  • The company transitioned from net debt to a cash position due to the receipt of £56.1 million in cash proceeds from divestments and the repayment of the RCF.
  • The operating loss in 2025 is primarily due to exceptional costs and the temporary disproportionate position of the operating cost base after divestments.
This table provides a clear comparison of key financial metrics between 2024 and 2025, highlighting the significant changes in revenue, gross profit, adjusted EBITDA, operating profit/loss, net debt/cash position, and free cash flow. The notes section provides additional context for the changes in net debt and operating profit/loss.
GABI
GABI Project Finance Investments…
06:01
Market

Annual Report and Accounts

VAST
VAST Vast Resources PLC
06:01
Market

Update on Proposed Acquisition

POS
POS Plexus Holdings plc
06:01
Market

Interim Results

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TAP
TAP Tap Global Group Plc
06:01
Market

Half-Year Report

PLSR
PLSR Pulsar Helium Inc.
06:01
Market

Stock Option Exercise and TVR

GROC
GROC Greenroc Mining PLC
06:01
Market

Digbee Report and Warrant Exercise

ROAD
ROAD Roadside Real Estate plc
06:01
Market

Exercise of First Tranche of Put Option Agreement

Roadside Real Estate PLC has exercised the first tranche of its put option agreement with CGV Ventures 1 Ltd, selling 14% of its stake in Cambridge Sleep Sciences (CSS) for £14 million. The funds are expected by the end of April 2026, enab…

Roadside Real Estate PLC has exercised the first tranche of its put option agreement with CGV Ventures 1 Ltd, selling 14% of its stake in Cambridge Sleep Sciences (CSS) for £14 million. The funds are expected by the end of April 2026, enabling Roadside to complete the acquisition of D. A. Roberts Fuels Ltd shortly thereafter.
Agreement
WCAT
WCAT Wildcat Petroleum Plc
06:01
Market

Half-year Financial Report

ALT
ALT Altitude Group Plc
06:01
Market

Trading Update

Altitude Group PLC reports strong FY26 performance with revenue growth of 16.6%-19.3% to $43.5-$44.5 million, exceeding market expectations. Adjusted operating profit and profit before taxation remain stable at $3.7 million and $1.6 millio…

Altitude Group PLC reports strong FY26 performance with revenue growth of 16.6%-19.3% to $43.5-$44.5 million, exceeding market expectations. Adjusted operating profit and profit before taxation remain stable at $3.7 million and $1.6 million, respectively. The company expects to end FY26 with net debt of $0.6 million due to timing of supplier revenues and operational improvement costs. Strategic initiatives include board restructuring, focus on AIM business growth, technology platform enhancement (AIM iQ™), and cost base optimization, positioning the company for margin improvement and stronger cash conversion in FY27. Full-year results will be announced on July 29, 2026.
MetricFY25FY26 (Expected)Change
Revenue$37.3 million$43.5 - $44.5 million+16.6% to +19.3%
Adjusted Operating Profit$3.7 million$3.7 million0%
Adjusted Profit before Taxation$1.6 million$1.6 million0%
Net Debt/CashNet Cash $0.7 millionNet Debt $0.6 millionShift from Net Cash to Net Debt
PETS
PETS Pets at Home Group Plc
06:01
Market

FY26 pre-close statement

GWI
GWI Globalworth REIT
06:01
Market

Audited Results FY25, Annual Report, Notice of AGM

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INOV
INOV Schroders Capital Global In…
06:01
Market

Final Results

**Summary:** Schroders Capital Global Innovation Trust plc (the Company) announced its final results for the year ended 31 December 2025, highlighting its managed wind-down strategy and capital returns to shareholders. Key points include:…

**Summary**
Schroders Capital Global Innovation Trust plc (the Company) announced its final results for the year ended 31 December 2025, highlighting its managed wind-down strategy and capital returns to shareholders. Key points include
1. **Managed Wind-Down** Following shareholder approval, the Company focused on an orderly wind-down, realizing portfolio assets while balancing timely returns and value maximization.
2. **Capital Returns**
Completed a £37 million tender offer in July 2025.
Plans a further £18 million tender offer in June 2026, subject to shareholder approval.
3. **Financial Performance**
NAV per share increased by 11.5% to 22.23p.
Share price rose by 38.2% to 15.20p.
Total realisations of £35.9 millionincluding sales of Araris BiotechSecuriti AIand Anthos Therapeutics.
4. **Portfolio Highlights**
Life sciences portfolio drove performance, with Araris sale generating £18.0 million in gains.
Growth portfolio contributed positively, with valuation uplifts for AI Company II and Revolut.
5. **Post-Year Developments**
Received £6.5 million from the sale of Bluewater Bio in January 2026.
No material realisations expected before 2028.
6. **Board and Governance**
Reduced board size to three directors post-wind-down approval.
AGM scheduled for 2 June 2026, with a concurrent General Meeting for tender offer approval.
7. **Outlook**
Focus remains on disciplined asset realisation and liquidity management.
Increased volatility expected as the portfolio becomes more concentrated.
The Company continues to prioritize shareholder returns and transparency during its wind-down phase.
Financial Metric20242025Change
NAV per Share (pence)19.9422.23+11.5%
Total NAV (£'000)162,445141,221-13.1%
Total Realisations (£'000)56,94975,360+32.3%
Cash and Liquid Funds (£'000)29,63518,231-38.5%
Debt (£'000)000%
Share Price (pence)11.0015.20+38.2%
Share Price Discount to NAV (%)44.8%31.6%-29.5%
BPM
BPM B P Marsh and Partners PLC
06:01
Market

Transaction in Own Shares

SLP
SLP Sylvania Platinum Limited
06:01
Market

Share Buyback Update

GLV
GLV Glenveagh Properties PLC
06:01
Market

Transaction in Own Shares

PINT
PINT Pantheon Infrastructure PLC
06:01
Market

Annual Financial Report

**Summary:** Pantheon Infrastructure PLC (PINT) released its annual financial report for the year ended 31 December 2025, highlighting strong performance and strategic progress. Key achievements include a Net Asset Value (NAV) of £611 mil…

**Summary**
Pantheon Infrastructure PLC (PINT) released its annual financial report for the year ended 31 December 2025, highlighting strong performance and strategic progress. Key achievements include a Net Asset Value (NAV) of £611 million, a 14.4% NAV Total Return, and a 3.5% increase in total dividends to 4.346p per share. The company demonstrated robust operational performance with £82.6 million in underlying portfolio growth and £31.4 million in distributions. PINTs market capitalization grew to £508 million, and its share price total return was 26.8%, with the discount to NAV narrowing to 16.8%.
Significant transactions included the conditional sale of its investment in Calpine, marking PINTs first realization since its IPO, and a new investment in Intersect Power with a subsequent partial realization. The company also extended its revolving credit facility to February 2029, improving terms and maintaining £120 million in available liquidity.
PINTs diversified portfolio spans sectors like Digital, Power & Utilities, Renewables & Energy Efficiency, and Transport & Logistics, with a focus on developed OECD markets. The companys investment strategy emphasizes assets with long-term contracted revenues, regulatory support, and strong counterparties, providing resilience and defensive characteristics.
Looking ahead, PINT is well-positioned to benefit from structural tailwinds such as digitalization and growing power demand. The Board remains confident in the long-term investment case for infrastructure and is committed to disciplined reinvestment, discount management, and delivering attractive returns for shareholders.
Metric20242025Change
Net Asset Value (NAV)£553m£611m+10.5%
NAV per share118.1p130.4p+10.4%
Total dividends per share4.2p4.346p+3.5%
Market capitalization£418m£508m+21.5%
NAV Total Return14.9%14.4%-3.3%
Weighted aggregate LTM EBITDA£76m£83m+9.2%
Debt (Weighted average gearing)35%36%+2.9%
CVSG
CVSG CVS Group Plc
06:01
Market

Total Voting Rights

PTEC
PTEC Playtech Plc
06:01
Market

Transaction in Own Shares

SFR
SFR Severfield PLC
06:01
Market

Full Year Trading Update

TGP
TGP Tekmar Group plc
06:01
Market

£2m Contract Awards on Japanese Offshore Project

Tekmar Group plc has secured two contracts totaling £2 million for a Japanese offshore wind farm project, involving the supply of its 10th generation Cable Protection Technology. The contracts, awarded following preliminary technical analy…

Tekmar Group plc has secured two contracts totaling £2 million for a Japanese offshore wind farm project, involving the supply of its 10th generation Cable Protection Technology. The contracts, awarded following preliminary technical analysis and design work, reinforce Tekmars presence in the Asia-Pacific region and its diversified offshore wind market strategy. Revenue recognition is expected across FY26 and H1 FY27, supporting the companys long-term growth ambitions under Project Aurora.
NewContract
ZNWD
ZNWD Zinnwald Lithium PLC
06:01
Market

Final Results

UEM
UEM Utilico Emerging Markets Ltd
06:01
Market

Transaction in Own Shares & Total Voting Rights

IHG
IHG InterContinental Hotels Gro…
06:01
Market

Transaction in Own Shares

DUKE
DUKE Duke Royalty Ltd
06:01
Market

Trading and Operational Update

Duke Capital Limited reports a strong Q4 FY26 with record recurring cash revenue of £7.0 million, an 8% year-on-year increase. Total cash revenue is expected to reach £8.5 million, boosted by the final deferred consideration from the Fabri…

Duke Capital Limited reports a strong Q4 FY26 with record recurring cash revenue of £7.0 million, an 8% year-on-year increase. Total cash revenue is expected to reach £8.5 million, boosted by the final deferred consideration from the Fabrikat exit. The Fabrikat sale yielded a 35% IRR over five years. CEO Neil Johnson highlights the resilience of Dukes business model in a challenging macroeconomic environment and the ability to deliver shareholder upside through exits. The company looks forward to sharing annual results, emphasizing its focus on capital preservation, attractive dividend yield, and exit-driven growth.
MetricQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26 (Forecast)
Recurring Cash Revenue£6.5 million£6.6 million£6.6 million£6.8 million£7.0 million
Total Cash Revenue£6.5 million£6.6 million£6.6 million£6.8 million£8.5 million
Year-on-Year Growth (Recurring Cash Revenue)-1.5%1.5%4.6%7.7%
Quarter-on-Quarter Growth (Recurring Cash Revenue)-1.5%0%3.0%2.9%
Debt (Fabrikat Exit)£6.2 million (investment)---£1.5 million (deferred payment received)
IRR (Fabrikat Exit)----35% over 5 years
BAB
BAB Babcock International Group…
06:01
Market

Transaction in Own Shares

GFTU
GFTU Grafton Group plc
06:01
Market

Transaction in Own Shares

TMO
TMO Time Out Group plc
06:01
Market

Interim Results

**Summary:** Time Out Group plc, a global media and hospitality company, reported its unaudited interim results for the six months ended 31 December 2025 (HY26). Key highlights include: 1. **Financial Performance:** - Group revenues i…

**Summary**
Time Out Group plc, a global media and hospitality company, reported its unaudited interim results for the six months ended 31 December 2025 (HY26). Key highlights include
1. **Financial Performance**
Group revenues increased by 2% to £39.8 million.
Adjusted EBITDA rose significantly by 23% to £6.0 million, driven by improved performance in both Markets and Media divisions.
Markets division adjusted EBITDA was £6.7 million, while Media division returned to profitability with £1.9 million adjusted EBITDA.
An £8 million equity placing was announced and completed early 2026 to support growth and efficiency programs.
2. **Operational Highlights**
**Markets Division** Two new markets opened (Budapest and Manhattan), with Vancouver and Abu Dhabi scheduled for 2026. Chicago Market was closed, and Boston Market was licensed to a local developer to improve cash flow and EBITDA.
**Media Division** Strategy review led to a 33% increase in monthly audience reach to 244 million, driven by social media growth. Media revenue grew by 3%, and adjusted EBITDA turned positive at £1.9 million.
3. **Strategic Focus**
Shift towards capital-light management agreements for Markets, with a focus on super-prime locations.
Media division adapted to changing user behavior, emphasizing video and social media content, and streamlining operations.
4. **Outlook**
The Group is well-positioned for sustainable, profitable growth with a streamlined cost base, a growing portfolio of high-margin management agreements, and a profitable Media division.
Continued focus on direct revenue growth, social media reach, and maintaining high brand trust while leveraging AI for efficiency.
5. **Financial Review**
Group revenue growth of 2%, with strong margins and reduced operating expenses.
Markets revenue increased by 2%and Media revenue by 3%.
Operating loss reduced to £0.3 million, including £3.1 million in exceptional restructuring items.
Adjusted EBITDA increased to £6.0 million, reflecting improved operational efficiency.
6. **Cash and Debt**
Cash and cash equivalents increased to £5.4 million, supported by cash generated from operations and financing activities.
Borrowings and lease liabilities remain significant, but the Group is managing these through refinancing and strategic initiatives.
7. **Going Concern**
The Group continues to operate on a going concern basis, with a focus on refinancing senior debt and managing covenants.
Overall, Time Out Group plc demonstrated significant operational and financial progress in HY26, positioning itself for future growth through strategic adjustments and improved efficiency.
Financial MetricHY26 (31 Dec 2025)HY25 (31 Dec 2024)Change
Revenue£39.8m£38.9m+2%
Group Adjusted EBITDA£6.0m£4.8m+23%
Markets Division Adjusted EBITDA£6.7m£6.9m-2%
Media Division Adjusted EBITDA£1.9m-£0.6mTurnaround
Operating Loss-£0.3m-£2.6mImproved
Net Finance Expense-£6.7m-£4.2m+58%
Loss Before Tax-£7.0m-£6.8m+2%
Cash and Cash Equivalents£5.4m£4.8m+£0.6m
Borrowings-£56.1m-£39.9m+40%
Adjusted Net Debt-£50.7m-£35.0m+45%
LLOY
LLOY Lloyds Banking Group PLC
06:01
Market

Transaction in Own Shares

ADVT
ADVT AdvancedAdvT Ltd
06:01
Market

Purchase of Own Shares

PLUS
PLUS Plus500 Ltd
06:01
Market

Transaction in Own Shares

VOD
VOD Vodafone Group PLC
06:01
Market

Transaction in Own Shares

KZG
KZG Kazera Global PLC
06:01
Market

Interim Results

JUGI
JUGI JPMorgan UK Small Cap Growt…
06:01
Market

Half-year Financial Report

3IN
3IN 3I Infrastructure PLC
06:01
Market

3i Infrastructure plc - Pre-close update

3i Infrastructure PLCs pre-close update highlights strong performance, driven by the successful exit of TCR at a 50% premium, delivering a 19% annual return over 10 years. The company reinvested proceeds into the Lefdal Mine Datacenter, a …

3i Infrastructure PLCs pre-close update highlights strong performance, driven by the successful exit of TCR at a 50% premium, delivering a 19% annual return over 10 years. The company reinvested proceeds into the Lefdal Mine Datacenter, a high-quality, growth-oriented investment. Despite challenges like the DNS:NET write-down and SRLs underperformance, the portfolio is on track to meet full-year return targets, supported by earnings growth and resilient operations. Bolt-on acquisitions in Joulz, ESVAGT, and Future Biogas further strengthened the portfolio. The company maintains a balanced funding position, enabling strategic opportunities, and is set to deliver a 6.3% higher FY26 dividend. Overall, 3i Infrastructure demonstrates robust value creation and strategic portfolio management.
Financial Metric20252026Change
TCR Valuation (pre-sale)€760 million€1,140 million+50%
TCR Sale ProceedsN/A€1,140 millionNew
LMD InvestmentN/A€300 millionNew
NAV per Share (pence)407.9396.8-2.7%
RCF Drawings (£ million)N/A£544 millionNew
Net Debt Position (£ million)N/A£528 millionNew
Pro-forma Net Cash (£ million)N/A£201 millionNew
Dividend Target (pence per share)12.6513.45+6.3%
Total Income and Non-Income Cash (£ million)N/A£87 millionNew
GMET
GMET Guardian Metal Resources PLC
06:01
Market

Total Voting Rights

WINE
WINE Naked Wines plc
06:01
Market

Transaction in Own Shares

CMX
CMX Catalyst Media Group PLC
06:01
Market

Interim Results

None
EEE
EEE Empire Metals Limited
06:01
Market

Eclipse Mining Licence Sale Extension

KETL
KETL Strix Group Plc
06:01
Market

Transaction in Own Shares

RPI
RPI Raspberry Pi Holdings PLC
06:01
Market

FY 2025 Results

Raspberry Pi Holdings PLC reported strong FY 2025 results with a 25% increase in EBITDA to $46.4 million, driven by 25% revenue growth to $323.2 million and 9% higher unit volumes. Gross profit rose 23% to $77.8 million, and profit before …

Raspberry Pi Holdings PLC reported strong FY 2025 results with a 25% increase in EBITDA to $46.4 million, driven by 25% revenue growth to $323.2 million and 9% higher unit volumes. Gross profit rose 23% to $77.8 million, and profit before tax surged 63% to $26.5 million. Basic EPS increased 73% to 11.22 cents. The company benefited from strong demand across OEMs and resellers, particularly in the USA and China, with semiconductor device volumes exceeding board and module volumes for the first time. Raspberry Pi Connect gained traction, approaching 400k connected devices, and the company launched 13 new products. Despite rising DRAM costs, the company maintained profitability through supplier diversification and pricing adjustments. The company ended the year with net cash of $28.1 million, exceeding expectations. Management expects FY 2026 profitability to be in line with market estimates, with revenue materially higher, despite ongoing DRAM supply challenges.
Here is the HTML table code comparing the financials and debt year on year for Raspberry Pi Holdings PLC:
MetricFY 2025FY 2024Change
Revenue ($m)323.2259.525%
Gross Profit ($m)77.863.223%
Gross Margin (%)24.1%24.4%-0.3ppt
Adjusted EBITDA ($m)46.437.225%
Profit Before Tax ($m)26.516.363%
Cash ($m)28.145.8(39%)
Net Cash ($m)28.145.8(39%)
Debt ($m)000%
**Notes:** * The table compares key financial metrics for Raspberry Pi Holdings PLC between FY 2025 and FY 2024. * The company reported strong growth in revenue, gross profit, and adjusted EBITDA, but a decrease in cash and net cash due to paying down extended supplier payables. * There is no debt reported for either year. * The table does not include all financial metrics mentioned in the text, but focuses on the most relevant ones for a year-on-year comparison.
APTA
APTA Aptamer Group PLC
06:01
Market

Result of Retail Offer and Posting of Notice of GM

Aptamer Group PLC announced the results of its Retail Offer and the posting of the notice of General Meeting. The Retail Offer raised approximately £274,000, with a total of £4.5 million raised through the Placing, Subscription, and Retail…

Aptamer Group PLC announced the results of its Retail Offer and the posting of the notice of General Meeting. The Retail Offer raised approximately £274,000, with a total of £4.5 million raised through the Placing, Subscription, and Retail Offer. The funds are subject to the approval of certain resolutions at the General Meeting scheduled for April 13, 2026. The company, a leading developer of next-generation synthetic binders for the life sciences industry, will issue 45,665,573 Retail Offer Shares at 0.6p per share. The announcement also includes important notices regarding the offers restrictions, forward-looking statements, and product governance requirements.
Premium Placing
BAG
BAG A.G.Barr PLC
06:01
Market

Final Results

**Summary:** A.G. BARR p.l.c., a UK-based multi-beverage company, reported strong financial results for FY25/26, ending January 31, 2026. Revenue grew by 4.0% to £437.3 million, driven by value-led performance across core brands like IRN-…

**Summary**
A.G. BARR p.l.c., a UK-based multi-beverage company, reported strong financial results for FY25/26, ending January 31, 2026. Revenue grew by 4.0% to £437.3 million, driven by value-led performance across core brands like IRN-BRU, Rubicon, and Boost. Adjusted operating margin increased by 120 basis points to 14.8%, and adjusted profit before tax rose 12.5% to £65.8 million. The company maintained its adjusted return on capital employed (ROCE) at 20.4% despite significant investments in brand development and capital expenditure. Strategic acquisitions, including Innate-Essence, Frobishers, and Fentimans, expanded the companys presence in functional health and premium socialising segments. The final dividend increased by 11.0% to 15.27p per share, reflecting strong cash generation and confidence in future growth. A.G. BARR enters FY26/27 with momentum, focusing on innovation, channel expansion, and integration of recent acquisitions to drive sustainable growth and shareholder returns.
Financial Metric2024/252025/26Change
Revenue (£m)420.4437.3+4.0%
Adjusted Profit Before Tax (£m)58.565.8+12.5%
Adjusted Operating Margin (%)13.6%14.8%+120bps
Adjusted Return on Capital Employed (%)20.8%20.4%-40bps
Adjusted EPS (basic pence/share)39.77p44.24p+11.2%
Net Cash at Bank (£m)63.941.6-34.9%
Full Year Dividend (pence/share)16.86p18.71p+11.0%
Debt (£m)040.0+100%
MERC
MERC Mercia Technologies PLC
06:01
Market

Transaction in Own Shares

EXPN
EXPN Experian PLC
06:01
Market

Transaction in Own Shares

DRX
DRX Drax Group PLC
06:01
Market

Transaction in Own Shares

TRP
TRP Tower Resources plc
06:01
Market

Total Voting Rights

PSON
PSON Pearson PLC
06:01
Market

Transaction in Own Shares

STJ
STJ St. Jamess Place plc
06:01
Market

Transaction in Own Shares

BATS
BATS British American Tobacco PLC
06:01
Market

Transaction in Own Shares

FNX
FNX Fonix Mobile plc
06:01
Market

Total Voting Rights

APTD
APTD Aptitude Software Group PLC
06:01
Market

Transaction in Own Shares

CHSS
CHSS World Chess PLC
06:01
Market

Total Voting Rights

ARR
ARR Aurora Investment Trust plc
06:01
Market

Final Results

JHD
JHD James Halstead PLC
06:01
Market

Interim Results

RCP
RCP RIT Capital Partners
06:01
Market

Transaction in Own Shares

HILS
HILS Hill & Smith Holdings PLC
06:01
Market

Transaction in Own Shares

TRIG
TRIG Renewables Infrastructure G…
06:01
Market

Transaction in Own Shares

KAV
KAV Kavango Resources PLC
06:01
Market

Total Voting Rights

PRU
PRU Prudential plc
06:01
Market

Transaction in Own Shares

MTO
MTO Mitie Group PLC
06:01
Market

Transaction in Own Shares

RKT
RKT Reckitt Benckiser Group PLC
06:01
Market

Transaction in Own Shares

FDEV
FDEV Frontier Developments Plc
06:01
Market

Transaction in Own Shares

IGG
IGG IG Group Holdings PLC
06:01
Market

Transaction in Own Shares

PPET
PPET Patria Private Equity Trust
06:01
Market

Transaction in Own Shares

PIN
PIN Pantheon International PLC
06:01
Market

Transaction in Own Shares

LIO
LIO Liontrust Asset Management
06:01
Market

Transaction in Own Shares

PBEE
PBEE Pensionbee Group PLC
06:01
Market

Total Voting Rights

GRP
GRP Greencoat Renewables PLC
06:01
Market

Transaction in Own Shares

JNEO
JNEO Journeo PLC
06:01
Market

£2.4m Contract Awards – Infrastructure Protection

Journeo plc, a leading provider of intelligent systems for transport networks and critical national infrastructure, has secured £2.4 million in contracts under a four-year framework agreement with a major UK utility company. These contract…

Journeo plc, a leading provider of intelligent systems for transport networks and critical national infrastructure, has secured £2.4 million in contracts under a four-year framework agreement with a major UK utility company. These contracts involve delivering high-security infrastructure protection solutions for critical assets, with design work already underway and completion expected in 2026. The announcement highlights Journeos expertise in safeguarding critical infrastructure and the continued trust from UK distribution network operators. The company operates across integrated services, information systems, and infrastructure protection, with significant investment in research and development to support innovative, scalable solutions.
NewContract
HSW
HSW Hostelworld Group PLC
06:01
Market

Transaction in Own Shares

LSEG
LSEG London Stock Exchange Group…
06:01
Market

Transaction in Own Shares

PEY
PEY Princess Private Equity Hol…
06:01
Market

Transaction in Own Shares

SAG
SAG Science Group plc
06:01
Market

Transaction in Own Shares

HVPE
HVPE HarbourVest Global Private …
06:01
Market

Transaction in Own Shares

INPP
INPP International Public Partne…
06:01
Market

Transaction in Own Shares

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

Transaction in Own Shares

EDIN
EDIN Edinburgh Investment Trust
06:01
Market

Transaction in Own Shares

GMR
GMR Gaming Realms plc
06:01
Market

Transaction in Own Shares

ASHM
ASHM Ashmore Group Plc
06:01
Market

Alliance

JDW
JDW J D Wetherspoon PLC
06:01
Market

Transaction in Own Shares

MUT
MUT Murray Income Trust
06:01
Market

Transaction in Own Shares

SEQI
SEQI Sequoia Econ Infrastructure
06:01
Market

Transaction in Own Shares

HICL
HICL HICL Infrastructure Company…
06:01
Market

Transaction in Own Shares

CHRY
CHRY Chrysalis Investments Ltd
06:01
Market

Transaction in Own Shares

VOF
VOF VinaCapital Vietnam Opportu…
06:01
Market

Transaction in Own Shares

UTG
UTG Unite Group PLC
06:01
Market

Transaction in Own Shares

EOG
EOG Europa Oil & Gas Holdings
06:01
Market

Total Voting Rights

FORT
FORT Forterra PLC
06:01
Market

Transaction in Own Shares

ICON
ICON Iconic Labs Plc
06:01
Market

Interim Results

NCC
NCC NCC Group plc
06:01
Market

Transaction in Own Shares

LIT
LIT Litigation Capital Manageme…
06:01
Market

Interim results for the HY ended 31 December 2025

ATN
ATN Eastinco Mining & Explorati…
06:01
Market

Lithosquare AI JV Delivers 8 Priority Targets

Aterian plc announces the successful completion of its AI collaboration with Lithosquare SAS, identifying eight high-priority exploration targets across Morocco and Botswana. The partnership leverages AI-driven geological analysis to accel…

Aterian plc announces the successful completion of its AI collaboration with Lithosquare SAS, identifying eight high-priority exploration targets across Morocco and Botswana. The partnership leverages AI-driven geological analysis to accelerate mineral discovery, enhance targeting efficiency, and optimize exploration capital allocation. The next phase includes detailed work programs and finalizing a long-form JV agreement, positioning Aterian to advance its critical minerals portfolio amid growing global demand.
AI
GBG
GBG GB Group plc
06:01
Market

Transaction in Own Shares

DIAL
DIAL Diales Plc
06:01
Market

Total Voting Rights

FAIR
FAIR Fair Oaks Income Limited
06:01
Market

Transaction in Own Shares

KNOS
KNOS Kainos Group PLC
06:01
Market

Transaction in Own Shares

NFX
NFX Nuformix plc
06:01
Market

Total Voting Rights

KEFI
KEFI KEFI Gold and Copper Plc
06:01
Market

Total Voting Rights

VEIL
VEIL Vietnam Enterprise Investme…
06:01
Market

Transaction in Own Shares

FEVR
FEVR Fevertree Drinks Plc
06:01
Market

Transaction in Own Shares

BOWL
BOWL Hollywood Bowl Group PLC
06:01
Market

Total Voting Rights

EBQ
EBQ Ebiquity Plc
06:01
Market

Total Voting Rights

LST
LST Light Science Technologies …
06:01
Market

Total Voting Rights

GENF
GENF Genflow Biosciences plc
06:01
Market

Total Voting Rights

RSG
RSG Resolute Mining Limited
06:01
Market

Strategic Partnership Signed in Guinea

Resolute Mining Limited and Nimba Mining Company S.A. (NMC), a Guinean state-owned entity, have signed a strategic Memorandum of Understanding (MoU) to jointly evaluate and develop gold projects in Guinea. This partnership, supported by th…

Resolute Mining Limited and Nimba Mining Company S.A. (NMC), a Guinean state-owned entity, have signed a strategic Memorandum of Understanding (MoU) to jointly evaluate and develop gold projects in Guinea. This partnership, supported by the Guinean government, marks NMCs first collaboration with an international gold mining company and aligns with Guineas Simandou 2040 Vision to diversify its mining sector beyond bauxite. The MoU focuses on mineral resource assessment, geological studies, and frameworks for large-scale gold production, with a preliminary evaluation of mining areas to be completed within 90 days. The non-binding agreement paves the way for a joint venture, emphasizing sustainable development and local content enhancement in Guineas mining ecosystem.
Partner
SUNB
SUNB SUNBELT RENTALS HOLDINGS CDI
06:01
Market

Share Repurchase Program - Weekly Report

BRGE
BRGE BlackRock Greater Europe In…
06:01
Market

Change in Portfolio Manager

BRGE
BRGE BlackRock Greater Europe In…
06:01
Market

Total Voting Rights

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

Lease of Manufacturing Facility

FARN
FARN Faron Pharmaceuticals Oy
06:01
Market

Faron Pharmaceuticals Ltd: Director Dealing

EDV
EDV Endeavour Mining Corp
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['BlackRock, Inc.', '11.940000', '12.250000']
TTE
TTE TotalEnergies SE
06:01
Market

Director/PDMR Shareholding

DEC
DEC Diversified Energy Company …
06:01
Market

Diversified Energy TR-1

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

<mark style="background-coloryellow">TR1</mark> Buy
['Barclays PLC ', '', 0]
TTE
TTE TotalEnergies SE
06:01
Market

Transaction in Own Shares

ICGT
ICGT ICG Enterprise Trust PLC
06:01
Market

Transaction in Own Shares

NBPE
NBPE NB Private Equity Partners …
06:01
Market

NBPE Announces Transaction in Own Shares

TFG
TFG Tetragon Financial Group Ltd
05:56
Market

Statement re: Monthly Factsheet

EDV
EDV Endeavour Mining Corp
05:31
Market

Transaction in Own Shares

Digested News

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

ZTF logo ZTF

Holding(s) in Company

Zotefoams PLC

TR1 Buy
['Lombard Odier Asset Management (Europe) Ltd', '5.290000', 0]
EARN logo EARN

Holding(s) in Company

EARNZ plc

TR1 Buy
['UBS Group AG - Investment Bank & Global Wealth Management', '0.000000', '6.199871']
CNSL logo CNSL

Holding(s) in Company

Cambridge Nutritional Sciences plc

TR1 Buy
['Cantor Fitzgerald Europe', '4.600000', '5.708700']
CLCO logo CLCO

Final Results

Cloudcoco Group PLC

**Summary**
CloudCoCo Group PLC, a Sheffield-based e-commerce and IT procurement company, announced its final results for the year ended 30 September 2025. The company reported a total comprehensive profit of £2.6 million, primarily driven by a gain on the disposal of its legacy managed services businesses. Group revenue decreased to £9.6 million due to the disposal, but continuing operations revenue remained stable at £8.0 million. The company successfully repaid its £6.2 million MXC loan notes, becoming substantially debt-free, and reduced Plc costs by 46% to £0.5 million.
Operationally, CloudCoCo made significant progress, with an annualised revenue run-rate approaching £10 million by the end of the year. The companys e-commerce platform, MoreCoCo, continued to drive revenues, with over 50% of orders processed without human intervention. The company also expanded its WebStore platform, supporting approximately 60 business customers.
Post year-end, CloudCoCo announced a strategic growth initiative, Project Brightstar, and raised £275,000 through a share subscription to support this initiative. The company aims to scale its revenues, improve margin quality, and move towards sustainable profitability, focusing on increasing direct web sales and expanding software-led revenue streams.
The companys strategic transformation, including the disposal of non-core businesses and the launch of Project Brightstar, positions CloudCoCo for future growth in the B2B technology procurement market. The Board believes the company is well-positioned to accelerate its growth strategy in FY2026, with a strengthened balance sheet, a lean cost base, and a clear strategic focus.
Financial MetricFY 2025FY 2024Year-on-Year Change
Group Revenue£9.6 million£27.5 millionDecrease of £17.9 million (65%)
Continuing Operations Revenue£8.0 million£8.7 millionDecrease of £0.7 million (8%)
Total Comprehensive Profit/Loss£2.6 million profit£3.1 million lossTurnaround of £5.7 million
Profit from Discontinued Operations£3.1 millionN/ANew item in FY 2025
Trading Group EBITDA (Continuing Operations)£0.08 million£0.06 millionIncrease of £0.02 million (33%)
Debt (MXC Loan Notes)£0 (fully repaid)£6.2 millionDecrease of £6.2 million (100%)
Plc Costs£0.5 million£0.8 millionDecrease of £0.3 million (38%)
MKA logo MKA

RetailBook Offer

Mkango Resources Ltd

Mkango Resources Ltd announces a conditional retail offer of new Common Shares via RetailBook, priced at 33 pence per share, representing a 14.5% discount to the closing mid-price on AIM as of March 31, 2026. The offer is open to both existing and new investors in the UK, with a minimum subscription of £250. The proceeds will support growth opportunities, capital expenditure, and working capital. The offer is conditional on the completion of a concurrent placing to institutional investors and admission of shares to trading on AIM and TSX-V by April 10, 2026.
Offers
SBO logo SBO

Holding(s) in Company

Schroder British Opportunities Trus

TR1 Buy
['Staude Capital Pty Ltd', '13.675946', '12.750000']
JEGI logo JEGI

Holding(s) in Company

JPMorgan European Growth & Income plc

TR1 Buy
['Allspring Global Investments Holdings.', '4.796000', '9.939000']
WSG logo WSG

Trading Update

Westminster Group Plc

Westminster Group Plc anticipates a 35% revenue increase to £8.2m for FY 2025, with an EBITDA loss of £0.62m. H1 2025 revenues are expected to double to £7.5m, with a £1.5m EBITDA profit, despite temporary cash flow issues due to delayed payments from Sierra Leone and Gabon contracts. The company is addressing funding through short-term loans, a potential $2.5m strategic investment, and an upcoming offshore banking facility. Progress is noted in resolving Gabon contract delays, with revenues expected from May 2026. The company highlights a strong pipeline of global opportunities, including significant projects in Africa, the Middle East, and the US, while restructuring its board and advisors to support future growth.
Financial Metric20242025 (Full Year)2025 (Half Year to 31 Dec)Change (Full Year)Change (Half Year)
Revenues (£m)6.078.27.5+35%+100%
EBITDA (£m)-1.47-0.621.5+58%N/A
Debt/FundingN/AShort-term loans, potential $2.5m investment, offshore banking facilityN/AN/AN/A
IPF logo IPF

Form 8.3

International Personal Finance PLC

IPF logo IPF

Form 8.3

International Personal Finance PLC

BLND logo BLND

Holding(s) in Company

British Land Company PLC

TR1 Buy
['JANUS HENDERSON GROUP PLC', '5.119326', '5.003524']
AA4 logo AA4

Form 8.3

Amedeo Air Four Plus Limited

BYIT logo BYIT

Holding(s) in Company

Bytes Technology Ltd

TR1 Buy
['Public Investment Corporation SOC Ltd', '6.041', '5.210']
TEAM logo TEAM

Final Results

TEAM plc

TEAM plc, a wealth, asset management, and financial services group, announced its final audited results for the year ending September 30, 2025. The company reported significant growth and strategic transformations, including the acquisitions of WH Ireland and EPIC, which added over £1 billion in assets under management (AUM). These moves established TEAM as a scaled international platform, enhancing its recurring revenue streams, client diversification, and market presence across the UK, Channel Islands, and international markets.
**Financial Highlights**
**Revenue Growth** Organic growth across all divisions led to a 16% increase in sales to £12.0 million.
**Client Assets** Total client assets grew by 11% to £1.29 billion, driven primarily by the International division.
**Adjusted EBITDA** Improved to a loss of £1.4 million, demonstrating operational leverage as the business scales.
**AUM Growth** Post-year-end acquisitions are expected to increase AUM to over £2.3 billion.
**Strategic Acquisitions**
**WH Ireland** Acquired for £12.7 million, adding £0.97 billion in AUM and a UK-based wealth management team.
**EPIC Acquisitions**
**EPIC Markets (UK)** Acquired £157 million in AUM for £1 million.
**EPIC Fund Services (Guernsey)** Acquired for £880,000, adding fiduciary and corporate services capabilities.
**Operational Performance**
**Investment Management** Revenues rose 10% to £1.5 million, driven by Model Portfolio Services and UCITS funds.
**Advisory** Revenues increased 17.5% to £2.4 million, reflecting new client activity and transitions to discretionary management.
**International** Revenues grew 17% to £8.1 million, supported by adviser network expansion and strong demand.
**Post-Year-End Developments**
**Acquisition Impact** The acquisitions are expected to significantly increase AUM and revenues, positioning TEAM for accelerated growth.
**Strategic Integration** The acquisitions enhance TEAMs infrastructure, control, and scalability, creating a more integrated and higher-quality client proposition.
**Future Outlook**
**Profitability Path** The company is moving towards profitability, with scale and managed assets driving financial performance.
**Growth and Expansion** Continued focus on organic growth, strategic acquisitions, and operational efficiency to strengthen market position.
**Corporate Governance and Financial Position:**
**Governance** TEAM adheres to the QCA Corporate Governance Code, maintaining strong oversight and stakeholder engagement.
**Financial Position** Net assets declined to £8.7 million, reflecting losses and share issuances. Cash and cash equivalents stood at £1.359 million.
**Conclusion**
TEAM plcs strategic acquisitions and organic growth have transformed it into a scaled international wealth and asset management platform. With a focus on recurring revenues, operational efficiency, and client diversification, the company is well-positioned for future growth and profitability.
Here is the comparison of financials and debt year on year in an HTML table format:
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)Change (%)
Revenues10,27911,9531,67416%
Operating Loss(2,879)(2,656)2238%
Adjusted EBITDA(1,650)(1,362)28817%
Client Assets (£'m)1,1601,28912911%
Cash and Cash Equivalents1,7361,359(377)(22%)
Total Debt (Lease Liabilities + Loan Notes)2,3562,98262627%
**Notes:** * Total Debt is calculated as the sum of Lease Liabilities and Loan Notes. * The percentage change is calculated based on the absolute values, not considering the negative sign for losses. This table provides a concise comparison of key financial metrics and debt levels between 2024 and 2025. It highlights the growth in revenues, improvement in operating loss and adjusted EBITDA, increase in client assets, decrease in cash and cash equivalents, and rise in total debt.
IPF logo IPF

Form 8.3

International Personal Finance PLC

YNGA logo YNGA

Holding(s) in Company

Young & Co’S Brewery A

TR1 Buy
['FitzWalter Capital Limited', '13.091734', '12.536617']
ULVR logo ULVR

Unilever Foods and McCormick Agreement

Unilever PLC

Unilever PLC and McCormick & Company, Inc. have entered into an agreement to combine Unilevers Foods business with McCormick, creating a global flavor powerhouse with a superior growth profile. The combined business will have leading, iconic brands and high growth potential brands, with revenues of $20 billion based on fiscal year 2025 data.
**Key Points**
**Transaction Value** The enterprise value of Unilever Foods is $44.8 billion, with an EV/Sales ratio of 3.6x and an EV/EBITDA multiple of 13.8x.
**Ownership Structure** Unilever and its shareholders will receive shares equal to 65.0% of the fully diluted combined company equity, and Unilever will receive a cash payment of $15.7 billion. Unilever shareholders will own 55.1% of the combined company, while McCormick shareholders will own 35.0%.
**Synergies** The combined company expects to realize approximately $600 million of annual run-rate cost synergies, with full value expected by the end of year three. Incremental cost and revenue synergies of $100 million will be reinvested for growth.
**Leadership and Governance** The combined company will be led by McCormicks CEO and CFO, with senior management representation from Unilever Foods. McCormick will retain its name, global headquarters, and NYSE listing, and will establish international headquarters in the Netherlands with a planned secondary listing in Europe.
**Impact on Unilever** The separation of Unilever Foods will position Unilever as a leading pureplay HPC company, with a focus on Beauty, Wellbeing, Personal Care, and Home Care. Unilever expects to have an enhanced category footprint, superior growth in faster-growing markets, and a more premium portfolio with greater exposure to digital commerce.
**Value Creation** Unilever reaffirms its commitment to delivering mid-single digit underlying sales growth, underpinned by at least 2% underlying volume growth and continued modest improvement in operating margin. The capital allocation framework remains unchanged, prioritizing organic growth and productivity investments.
**Summary**
The combination of Unilevers Foods business with McCormick creates a global flavor leader with a strong growth profile, iconic brands, and significant synergies. The transaction values Unilever Foods at $44.8 billion and results in a new ownership structure, with Unilever shareholders owning a majority stake in the combined company. The deal is expected to enhance Unilevers focus on high-growth HPC categories, while creating a more diversified and robust flavor company. The combined entity will benefit from increased scale, complementary geographic footprints, and deep science and R&D capabilities to meet consumers growing demand for flavor.
Agreement
IPF logo IPF

Form 8.3

International Personal Finance PLC

HSW logo HSW

Publication of Annual Report and Notice of AGM

Hostelworld Group PLC

Hostelworld Group PLC has published its Annual Report for 2025 and announced its Annual General Meeting (AGM) for May 6, 2026. The report highlights the companys performance, strategic initiatives, and principal risks. Key points include
1. **Financial Performance and Strategy**: Hostelworld, a leading online hostel booking platform, emphasizes its global diversification and focus on social human connection. The company acquired OccasionGenius Inc. in 2025 to enhance its event discovery platform and diversify revenue streams.
2. **AGM Details**The AGM will be held at the companys offices in Dublin, Ireland, with a Circular and Form of Proxy provided to shareholders.
3. **Principal Risks**
**Macroeconomic Conditions**Increasing risk due to volatility in global travel demand.
**Artificial Intelligence (AI)**Increasing risk due to rapid evolution, impacting customer behavior, cybersecurity, and regulatory compliance.
**Impact of Uncontrollable Events**Increasing risk due to geopolitical tensions, climate-related events, and macroeconomic volatility.
**Other Risks**Steady risks include competition, data security, cyber security, regulation, and business continuity.
4. **Risk Management**The company employs a robust risk register process, involving all levels of the business, to identify, assess, and mitigate risks. The Board and Audit Committee oversee risk management, ensuring alignment with strategic objectives.
5. **Corporate Governance**The Directors are responsible for preparing financial statements in compliance with applicable laws and regulations, ensuring a true and fair view of the companys financial position.
6. **Sustainability and ESG**The company is committed to climate-related actions and transparency, overseen by an ESG Steering Committee.
7. **Contacts and Documentation**Relevant documents are available for inspection via the National Storage Mechanism and the companys website. Shareholders are encouraged to review the Annual Report and AGM materials.
Hostelworld remains focused on navigating challenges while leveraging opportunities in the evolving travel and technology landscape.
Since there is no financial data provided in the text, I cannot compare financials and debt year on year. However, I can provide a general HTML table structure that could be used for such a comparison if the data were available. th>Total Debt
YearRevenueNet IncomeDebt to Equity Ratio
2024N/AN/AN/AN/A
2025N/AN/AN/AN/A
If you provide the actual financial data, I can populate this table and provide a more detailed comparison.
CURY logo CURY

Holding(s) in Company

Currys PLC

TR1 Buy
['JPMorgan Asset Management Holdings Inc.', '4.982679', '5.074632']
BGS logo BGS

Annual Financial Report

Baillie Gifford Shin Nippon PLC

**Summary**
Baillie Gifford Shin Nippon PLC (BGS) released its annual financial report for the year ending January 31, 2026, highlighting a 5.4% increase in net asset value (NAV) per share and a 14.4% rise in share price, underperforming the comparative MSCI Japan Small Cap Index, which grew by 21.5%. Over five years, the companys NAV and share price declined by 36.1% and 43.8%, respectively, while the index increased by 42.4%. The company attributed its performance to challenges in investing in Japanese smaller companies, particularly high-growth, domestically-oriented small caps, exacerbated by rising interest rates, a weak yen, and valuation de-rating. Despite these headwinds, the board remains optimistic about the long-term growth potential of Japanese smaller companies, citing undervalued markets and strong fundamentals.
Key developments include the promotion of Brian Lum to lead portfolio manager and Jared Anderson to deputy portfolio manager, with a portfolio turnover of 21.2%. The companys share price ended the period at a 7.5% discount to NAV, and a final dividend of 0.69p per share was recommended. Shareholders approved changes to the tender offer and introduced a continuation vote in 2028 and a 100% performance-triggered tender. The annual management fee was adjusted to 0.65% on the first £250m of net assets and 0.55% on the remainder.
The companys total assets stood at £428.9 million, with a focus on achieving long-term capital growth through investments in Japanese smaller companies. The report also detailed the companys stewardship principles, environmental, social, and governance (ESG) engagement, and proxy voting activities, emphasizing long-term value creation, alignment, governance, and sustainable business practices.
Financial Metric20252026Year-on-Year Change
Net Asset Value (NAV) per Share139.4p146.3p+4.95%
Share Price119.0p135.4p+13.78%
Discount to NAV-14.6%-7.5%Improvement by 7.1%
Revenue Return per Share0.67p0.77p+14.93%
Final Dividend per Share0.60p0.69p+15.00%
Total Assets£453.21 million£428.92 million-5.36%
Bank Loans¥16.1 billion¥14.84 billion-7.83%
Net Gearing16.1%14.9%Reduction by 1.2%
Ongoing Charges Ratio0.80%0.81%+1.25%
MTE logo MTE

Company update and Director dealings

Montanaro European Smaller Companies Trust plc

The recent share <mark style="background-color:yellow">purchase</mark>s by the Board and the Manager reflect our strong conviction in the Companys strategy and prospects."
IXI logo IXI

Retail Offer

IXICO PLC

IXICO PLC announces a retail offer of up to 6,250,000 new ordinary shares at 8 pence each, alongside a £10 million fundraising through placings and a subscription. The retail offer, open to existing UK shareholders, aims to raise £0.5 million, with proceeds directed towards platform automation, analysis pipeline differentiation, and corporate development. The offer runs from March 31 to April 7, 2026, with admission to trading expected on April 17, 2026, subject to shareholder approval. The issue price represents a 1.6% premium to the previous closing price, and the offer is conditional on shareholder resolutions and completion of the first placing. Investors are warned of risks, including capital loss and dilution, and should consult independent advice.
Premium Placing
POS logo POS

Trading Update

Plexus Holdings plc

Plexus Holdings PLC provided a trading update for FY26, highlighting progress in its higher-margin rental model strategy, including doubling its rental fleet to 16 Exact EX wellhead sets. Despite sustained interest in its technology and a strong pipeline, project delays due to external factors like geopolitical tensions and policy uncertainties have impacted revenue expectations. Current activity includes £1.5m in P&A work under a UKCS Framework Agreement and a resumed Middle East exploration project. North Sea and North American projects face delays, but the company remains confident in its strategic positioning and pipeline strength, with sufficient working capital for the immediate future.
Financial AspectFY25 (Previous Year)FY26 (Current Year)Comparison
Revenue ExpectationNot SpecifiedSignificantly Below Previous ExpectationsDecrease
Capital ExpenditureNot SpecifiedNo Additional RequiredStable/Reduced
Working CapitalNot SpecifiedSufficient for Immediate FutureStable
DebtNot SpecifiedNot MentionedNo Change Reported
Rental Fleet Size8 Exact EX Wellhead SetsDoubled to 16 Exact EX Wellhead SetsIncrease
Project DelaysNot MentionedSignificant Delays in North Sea and North American ProjectsIncrease
MFAI logo MFAI

Literal Labs wins AI award

Mindflair Plc

Literal Labs, a portfolio company of Mindflair plc, has won the AI-Research & Innovation Award at the Global AI Excellence Award 2025 for its logic-based AI technology, which enables faster, lower-power inference on standard processors and edge devices. This recognition highlights Literal Labs technical innovation and commercial potential, reinforcing Mindflairs confidence in its AI-focused investment portfolio.
AI
GNIP logo GNIP

Commercial Update

GenIP PLC

GenIP Plc, a technology evaluation and commercialization platform, reports significant growth and strategic progress 18 months post-IPO. Key highlights include
**Revenue Growth**FY25 revenue surged ~330%, with strong demand across the US, Asia, and other markets.
**Market Expansion**Asia became the largest market, growing ~3,500% YoY, while Europe and Latin America grew ~111% and ~51%, respectively.
**Product Development**Invention Prioritizer and Invention Validator gained traction, broadening the product suite and increasing revenue per client.
**Commercial Resourcing**Strengthened leadership with new hires in enterprise sales, Latin America, and Asia to support pipeline expansion.
**Outlook**Focused on advancing institutional opportunities, expanding client engagements, and deploying new products, positioning GenIP for continued growth in 2026.
CEO Melissa Cruz emphasized global demand, deepening client relationships, and strategic alignment for the next growth phase.
MetricFY25FY26 (YoY Change)
Revenue Growthc.330%N/A (Not provided for FY26)
Asia Market Growthc.3,500%N/A (Not provided for FY26)
Europe Market Growthc.111%N/A (Not provided for FY26)
Latin America Market Growthc.51%N/A (Not provided for FY26)
Rest of World Market Growthc.21%N/A (Not provided for FY26)
Debt InformationNot providedNot provided
**Note:** The provided text does not contain specific financial figures or debt information for a year-on-year comparison. The table above reflects the available growth percentages for FY25 and notes the absence of FY26 data and debt information.
MAB1 logo MAB1

Launch of Share Buyback Programme

Mortgage Advice

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1) has launched a share buyback programme to purchase up to 478,775 ordinary shares at 0.1 pence each, primarily to fulfill obligations from share option programmes. The buyback, managed by Stifel Nicolaus Europe Limited (KBW), will operate within EU market regulations incorporated into UK law and is authorized by shareholders from May 21, 2025. Purchased shares will be held in treasury, with weekly announcements of transactions. The programme begins immediately and will end upon reaching the maximum share limit or the authoritys expiration.
Launch
DATA logo DATA

Launch of new £10 million Share Buyback Programme

GlobalData PLC

GlobalData Plc announces a new £10 million share buyback programme to return surplus capital to shareholders and reduce share capital. The programme, commencing on 31 March 2026, will repurchase and cancel ordinary shares within pre-set parameters, including price limits and volume restrictions, in compliance with UK regulations. The initiative operates under shareholder authority granted at the 2025 AGM and is managed by Investec Bank plc. Further regulatory announcements will be made as required.
Launch
CRTA logo CRTA

Preliminary Results

Cirata plc

**Summary**
Cirata PLCs preliminary results for FY25 highlight significant strategic and financial achievements. The company reported its strongest Data Integration (DI) bookings since 2017, with FY25 DI bookings at $13.2 million, a 181% increase year-on-year. Q4 FY25 DI bookings reached $9.8 million, the highest quarterly performance in the companys history. Cirata secured its largest direct and OEM contracts, a $3.1 million three-year deal with a US insurer and a $6.7 million three-year agreement via IBM, respectively. The divestment of the DevOps business for $3.4 million allowed Cirata to focus exclusively on DI, reducing its annualised cost base to $12-13 million, less than one-third of its peak.
Financial highlights include a 96% increase in total bookings to $13.9 million, a 77% rise in total revenue to $13.6 million, and a 74% decrease in adjusted EBITDA loss to $3.8 million. Cash and cash equivalents stood at $4.0 million, with short-term trade receivables of $3.4 million, totaling $7.4 million. The company targets cash flow positivity in Q1 FY26 and aims for cash flow break-even for FY26. The FCA investigation concluded with no further action, and Cirata launched Cirata Symphony, a new Data Orchestration platform.
Management emphasized the focus on building predictability, deepening strategic partnerships, and expanding within the Global 2000 customer base. Despite the inherent lumpiness of enterprise software revenues, Cirata is positioned for sustainable growth, supported by its strategic repositioning and market opportunities in Data Integration and Orchestration.
Financial Metric20242025Year-on-Year Change
Total Bookings ($m)7.113.996% Increase
Data Integration Bookings ($m)4.713.2181% Increase
Total Revenue ($m)7.713.677% Increase
Revenue from Continuing Operations ($m)4.611.9157% Increase
Revenue from Discontinued Operations ($m)3.11.745% Decrease
Total Cash Overheads ($m)20.616.122% Decrease
Cash Overheads Continuing Operations ($m)18.514.919% Decrease
Cash Overheads Discontinued Operations ($m)2.11.148% Decrease
Adjusted EBITDA Loss ($m)-14.4-3.874% Decrease in Loss
Operating Loss ($m)-15.8-4.671% Decrease in Loss
Cash and Cash Equivalents ($m)9.74.059% Decrease
Short-term Trade Receivables ($m)3.43.40% Change
Combined Cash and Short-term Receivables ($m)13.17.444% Decrease
HFG logo HFG

Preliminary Results

Hilton Food Group Plc

**Summary**
Hilton Food Group PLCs preliminary results for the 52 weeks ended 28 December 2025 highlight a resilient performance in core businesses, with adjusted profit before tax (PBT) of £73.2 million, including discontinued operations, and £69.0 million from continuing operations. The companys strategic review focuses on core meat businesses, with improvement plans for Seachill, Foppen, and Dalco. The 2026 outlook remains unchanged, with adjusted PBT expected between £60 million and £65 million.
Key financial highlights include a 0.2% volume increase, 11.9% revenue growth from continuing operations, and a 1.0% decline in adjusted PBT from continuing operations on a constant currency basis. The company proposes a final dividend of 24.9p, maintaining its progressive dividend policy.
Strategically, Hilton Foods aims to maximize its core meat business, enhance its product mix, and expand geographically. The company is investing in facilities in Canada and Saudi Arabia, with operations expected to commence in 2027. The balance sheet remains strong, with net bank debt slightly improved to £126.7 million.
Regional performance varies, with UK & Ireland facing challenges in the seafood business, while Europe and APAC show growth. The company is committed to sustainability, reducing emissions and maintaining its A CDP score.
In summary, Hilton Food Group demonstrates resilience in its core operations, strategic focus on growth, and commitment to sustainability and shareholder returns, despite short-term challenges in certain segments.
Financial Metric20252024Change
Revenue from Continuing Operations (£m)4,214.63,821.410.3%
Adjusted Operating Profit (£m)99.3104.7-5.2%
Adjusted Profit Before Tax (£m)73.276.1-3.8%
Net Bank Debt (£m)126.7131.4-3.6%
Free Cash Flow (£m)53.662.2-13.8%
Return on Capital Employed (ROCE)20.1%21.7%-1.6ppt
JDG logo JDG

Unaudited Preliminary Results

Judges Scientific Plc

**Summary**
Judges Scientific PLC, a scientific instrument sector company, reported unaudited preliminary results for FY25, highlighting a disappointing year with a 9.1% revenue increase to £145.8m, but adjusted operating profit rose only 0.4% to £28.0m. Adjusted basic earnings per share fell 2.9% to 275.3p, and cash generated from operations decreased 2.9% to £33.0m. Despite challenges, the company increased its final dividend by 10% to 82.3p per share. Key issues included a 10% drop in organic order intake, a 15.7-week organic order book, and a 17% decline in 2026 YTD order intake compared to 2025. The company faced headwinds from US research funding uncertainties and reduced investments in offshore wind. However, fundamentals remain intact, with a 10% minority interest in Geotek do Brasil acquired and strengthened executive leadership. The company expects 2026 Adjusted EPS to be in the range of 200p - 250p, assuming no coring expedition and no US trading recovery.
Financial Metric20242025Change
Revenue£133.6m£145.8m+9.1%
Adjusted Operating Profit£27.9m£28.0m+0.4%
Adjusted Basic Earnings per Share283.4p275.3p-2.9%
Cash Generated from Operations£34.0m£33.0m-2.9%
Final Dividend per Share74.8p82.3p+10.0%
Adjusted Net Debt (excl. IFRS 16)£(51.7)m£(42.6)m+17.6%
Cash Balances (inc. bank overdrafts)£17.9m£19.4m+8.4%
Statutory Net Debt£(55.7)m£(45.8)m+17.8%
NET logo NET

Director/PDMR Shareholding

Netcall plc

Netcall plc (AIMNET), an enterprise software company that unites automation and customer engagement in one AI-powered platform, announces the <mark style="background-color:yellow">purchase</mark> of 10,000 ordinary shares of 5 pence each ("Ordinary Shares") by Henrik Bang, Non-Executive Chair, the purchase of 25,000 Ordinary Shares by James Ormondroyd, Chief Executive Officer, and the purchase of 50,000 Ordinary Shares by James Platt, Non-Executive Director.
PRU logo PRU

Holding(s) in Company

Prudential plc

TR1 Buy
['UBS Group AG-Investment Bank & Global Wealth Management', '4.988492', '0.000000']
ADF logo ADF

Holding(s) in Company

Facilities By ADF PLC

TR1 Buy
['Octopus Investments Limited', '3.430000', '6.490000']
IXI logo IXI

Placings and Subscription

IXICO PLC

IXICO plc, a global leader in neuroscience imaging and biomarker analytics, announced a proposed fundraising of up to £10.5 million through a combination of placings, subscription, and a retail offer. The funds will be used to develop the IXI™ Platform, invest in staff, and pursue FDA approval for their software as a medical device. The fundraising includes a first placing of £2.8 million, a subscription of £0.1 million, a second placing of £7.1 million, and a retail offer of up to £0.5 million. The company will hold a general meeting on April 16, 2026, to approve the necessary resolutions for the fundraising. The issue price for the new shares is 8 pence, representing a 1.6% premium to the previous closing price. The company aims to accelerate growth by expanding its addressable market through a TechBio model, enabling third-party licensing and integration of its technology.
Premium Placing
ULVR logo ULVR

Response to Media Speculation

Unilever PLC

Unilever PLC confirms advanced discussions with McCormick & Company regarding a potential strategic transaction involving its Foods business (excluding India operations). The deal, if finalized, would combine Unilever Foods with McCormick, valuing the transaction at approximately US$15.7 billion in cash and McCormick equity. Unilever shareholders would hold 65% of the combined entity, structured as a tax-free Reverse Morris Trust. No certainty of agreement exists, and further announcements will follow as appropriate. The company cautions against undue reliance on forward-looking statements, highlighting risks and uncertainties that could impact outcomes.
Speculation
TXP logo TXP

Annual 2025 Financial and Operating Results

Touchstone Exploration Inc

**Summary**
Touchstone Exploration Inc. reported its 2025 annual financial and operating results, highlighting key achievements and challenges. The company achieved a safety milestone with zero lost-time injuries in 2025 and completed the acquisition of Shell Trinidad Central Block Limited, adding significant natural gas production. Annual production averaged 4,686 boe/d, an 18% decrease from 2024, primarily due to natural declines. Revenue totaled $45.82 million, down 20% from 2024, impacted by lower natural gas production and weaker realized prices. Operating netback was $21.26 million, and funds flow from operations was $5.37 million, a 68% decline year-over-year. Net income was $10.89 million, supported by non-cash gains. Capital expenditures were $28.38 million, focused on drilling and development. The company faced liquidity concerns, with a working capital deficit of $15.4 million and projected covenant breaches in 2026, prompting strategic initiatives to bolster liquidity and address uncertainties.
YearFinancials20242025Year-on-Year Change
RevenuePetroleum and Natural Gas Sales ($ million)57.4745.82-20%
Net Income ($ million)8.2710.89+32%
Funds Flow from Operations ($ million)16.755.37-68%
Capital Expenditures ($ million)23.67928.377+20%
Net Debt ($ million)29.10972.890+150%
Average Daily Production (boe/d)5,7344,686-18%
BRCK logo BRCK

Statement regarding possible offer

BRCK Group plc

BRCK Group PLC announces that Atlas Holdings LLC made an unsolicited, non-binding indicative offer to acquire the company at 65 pence per share, which the board rejected as undervaluing the company. The board is open to further engagement if Atlas improves its offer, but remains confident in BRCKs independent prospects. Atlas must decide by April 28, 2026, whether to make a firm offer or withdraw, per takeover regulations. Shareholders are advised to take no action at this time.
Offers
SNT logo SNT

Half-year Report for the 6 months to 31 Dec 2025

Sabien Technology Group Plc

Sabien Technology Group Plc reports its unaudited interim results for the six months ended 31 December 2025, highlighting significant progress in its green aggregation strategy. Key financial and operational highlights include
**Revenue Growth**Sales revenue increased by 51% to £504,000 compared to the same period in 2024, driven by strong performance in the M2G Cloud Connect business.
**Reduced Net Loss**Net loss after tax decreased significantly to £209,000 from £377,000 in H1 FY25, reflecting higher revenue and cost discipline.
**M2G Cloud Connect**The transition to a channel-led model has proven successful, with growing revenues and an active pipeline, supported by facilities management partnerships.
**City Oil Field (COF) Partnership**Sabien’s exclusive rights to COF’s Regenerated Green Oil (RGO) technology in the UK and Arizona are highlighted as a potential game-changer. COF’s first full-scale plant in Korea is operational and certified, validating the technology’s commercial viability.
**Strategic Focus**The Group is now concentrated on two core pillars: M2G Cloud Connect and COF RGO, with advanced discussions for commercial sites in the UK and Arizona.
**Funding and Support**Continued backing from Parris Group Limited provides essential working capital, with additional support through loan facilities and invoice factoring.
**Outlook**While H1 performance is strong, the Board cautions against extrapolating growth into H2 due to pipeline conversion uncertainties. Focus remains on converting the M2G sales pipeline, advancing COF RGO commercialisation, and maintaining cost discipline.
Overall, Sabien demonstrates meaningful progress in its green strategy, with a clear direction and confidence in building long-term value despite ongoing challenges.
Financial and Debt Comparison (Year on Year)
Metric6 months to 31 Dec 20256 months to 31 Dec 2024Year to 30 Jun 2025Change 2025 vs 2024 (6 months)Change 2025 (6 months) vs 2025 (Year)
Revenue (£'000)504334847+51%~60% of FY25
Gross Profit Margin (%)626765-5%-3%
Net Loss After Tax (£'000)(209)(377)(647)-45%-68%
Cash at End of Period (£'000)371567+147%-45%
Borrowings (£'000)406239239+69%+70%
Net Liabilities (£'000)(304)(37)(112)+722%+171%
VID logo VID

2025 Full Year Results

Videndum Plc

**Summary**
Videndum PLCs 2025 full-year results show a decline in revenue to £228.3 million, with adjusted EBITDA at £9.0 million and an adjusted loss before tax of £31.5 million. The company faced challenges, including US tariffs and market uncertainty, but implemented cost-saving measures, achieving £15 million in savings. Key achievements include an £85 million equity raise, reducing net debt by £112 million, and the sale of non-core businesses. The company launched 22 new product lines, including the Manfrotto ONE system. Despite a tough year, Videndum expects revenue growth in 2026, supported by new products and operational efficiencies. The company aims for medium-term revenue exceeding £350 million and a mid-teens adjusted EBITDA margin.
Metric20252024Change
Revenue£228.3m£280.7m(19%)
Adjusted EBITDA£9.0m£20.1m(55%)
Adjusted EBITDA margin4.0%7.2%(3.2%)
Adjusted loss before tax£(31.5)m£(25.0)m(26%)
Adjusted operating cash flow£5.3m£16.6m(68%)
Free cash flow£(23.6)m£4.3mN/A
Net debt£142.3m£133.0m7%
**Year-on-Year Comparison:** - **Revenue**: Declined by 19% from £280.7m in 2024 to £228.3m in 2025, primarily due to lower volumes and market challenges. - **Adjusted EBITDA**: Decreased by 55% from £20.1m to £9.0m, driven by lower revenue, partially offset by cost savings. - **Adjusted EBITDA margin**: Fell from 7.2% to 4.0%, reflecting the impact of lower revenue on profitability. - **Adjusted loss before tax**: Increased by 26% from £(25.0)m to £(31.5)m, due to lower EBITDA and higher finance costs. - **Adjusted operating cash flow**: Dropped by 68% from £16.6m to £5.3m, mainly due to lower EBITDA. - **Free cash flow**: Turned negative from £4.3m to £(23.6)m, impacted by higher interest, restructuring costs, and debt amendment fees. - **Net debt**: Increased by 7% from £133.0m to £142.3m, despite proceeds from disposals and equity raises, due to interest, financing fees, and restructuring costs.
IRON logo IRON

Financial Results for the Year Ended 30 June 2025

Ironveld Plc

Ironveld PLC, a UK-based mining company, reported its financial results for the year ended 30 June 2025. The company experienced a reduction in losses, with a loss before taxation of £1.6 million compared to £1.8 million in the previous year. Net loss for the year was £1,556,000, down from £2,250,000 in FY24. Cash and cash equivalents increased to £862,000, and current liabilities decreased to £4,124,000 after settling outstanding borrowings. Share capital and premium rose to £43.1 million, and the company raised £3,460,000 in net equity finance through placings and capital reorganization.
Operationally, Ironvelds subsidiary Lapon Mining commenced blasting at the Altona opencast pit and advanced the DMS-grade magnetite processing plant to the testing phase. The company also increased its investment in South African subsidiaries to £34.7 million. Post-period, Ironveld signed a Mining Operations Agreement with Daemaneng Minerals, transferring operational and financial responsibility for mining activities, and agreed to a binding term sheet for Daemaneng to manage the DMS plant, targeting 6,000 to 15,000 tonnes per month.
The company completed a trial delivery of DMS-grade magnetite and anticipates phased commercial volumes. Weather-related delays have subsided, and plant upgrades are on track for completion by March 2026. Ironveld also secured key commercial terms for a significant Run-of-Mine offtake and is in discussions with a German trading house for a strategic marketing agreement. The market outlook is strengthened by the China-Africa Economic Partnership Agreement, offering duty-free access for magnetite exports, and additional export opportunities in Mozambique, Botswana, and the United States.
Chairman Dr. John Wardle and CEO Kris Andersson highlighted the companys strategic partnerships, de-risked business model, and progress toward commercialization. The company remains focused on establishing sustained cash flow and realizing the value of its asset base.
Here is the comparison of financials and debt year on year presented as an HTML table:
Financial Metric2024 (£'000)2025 (£'000)Change (£'000)
Loss before taxation1,8001,600(200)
Net loss for the year2,2501,556(694)
Cash and cash equivalents4862858
Current liabilities5,1204,124(996)
Share capital and share premium38,90043,1004,200
Net equity finance raised9613,4602,499
Borrowings (within Current liabilities)5700(570)

Key Observations:

  • Loss before taxation decreased by £200,000, indicating improved operational efficiency.
  • Net loss for the year reduced significantly by £694,000, reflecting better financial management.
  • Cash and cash equivalents increased substantially by £858,000, likely due to successful equity raises.
  • Current liabilities decreased by £996,000, primarily due to settlement of outstanding borrowings.
  • Share capital and share premium increased by £4,200,000, reflecting successful equity placements.
  • Net equity finance raised increased by £2,499,000, indicating strong investor confidence.
  • Borrowings were fully settled, reducing debt by £570,000.
This table and the observations highlight the year-on-year improvements in financials and debt reduction for Ironveld PLC.
ANP logo ANP

Final Results

Anpario Plc

**Summary**
Anpario plc, a manufacturer of natural and sustainable feed additives for animal health, reported strong financial results for the year ended December 31, 2025. Key highlights include
**Revenue Growth** Revenue increased by 24% to £47.2 million, driven by the full-year contribution from the Bio-Vet acquisition and 12% like-for-like growth excluding Bio-Vet.
**Profitability Improvement** Gross margin improved to 50.9%, and profit before tax rose by 54% to £8.0 million. Adjusted EBITDA increased by 38% to £9.6 million.
**Earnings Growth** Basic earnings per share increased by 63% to 40.20p, and diluted adjusted earnings per share rose by 33% to 39.49p.
**Dividend Increase** The proposed final dividend increased to 8.90p per share, resulting in a total dividend for the year of 12.50p per share, an 11% increase.
**Operational Highlights** Successful integration of Bio-Vet, strong like-for-like sales growth across regions, and continued growth in premium product classes.
**Outlook** Trading in line with expectations, continued growth in North America, strong start in the Middle East, and efforts to mitigate the impact of the conflict in Iran on logistics and supply chains.
The companys performance reflects successful strategy execution, growing demand for natural feed additives, and operational leverage. Anpario remains focused on long-term profitable growth, innovation, and strengthening customer relationships, despite macroeconomic and geopolitical uncertainties.
Here is the HTML table code comparing the financials and debt year on year for Anpario PLC: td>54%
Metric20252024Change% Change
Revenue£47.2m£38.2m£9.0m24%
Gross Profit£24.0m£17.9m£6.1m34%
Profit Before Tax£8.0m£5.2m£2.8m
Adjusted EBITDA£9.6m£7.0m£2.6m38%
Cash and Cash Equivalents£12.4m£10.5m£1.9m18%
Net Debt (Cash)£12.4m (Cash)£10.5m (Cash)£1.9m18%
**Notes:** * The table compares key financial metrics for Anpario PLC between 2025 and 2024. * All values are in millions of British pounds (£m). * The "Change" column shows the absolute difference between 2025 and 2024 values. * The "% Change" column shows the percentage change between 2025 and 2024 values. * Net Debt is calculated as Total Debt minus Cash and Cash Equivalents. Since Anpario PLC has no debt, Net Debt is equal to Cash and Cash Equivalents.
VLG logo VLG

Interim Results

Venture Life Group PLC

Venture Life Group PLC announced its unaudited interim results for the 12-month period ended 31 December 2025, highlighting a strategic shift to a pure-play consumer healthcare company. Key points include
**Revenue Growth**Group revenue increased by 32.2% to £35.2 million, with a 11.4% proforma growth, driven by strong performance in the UK and the acquisition of Health & Her Limited.
**Divestments**Sold CDMO operations and non-core products for €62 million and oral care brands for up to £4.5 million, simplifying the business model and generating significant cash.
**Profitability**Adjusted EBITDA decreased by 3.6% to £6.0 million due to temporary cost base adjustments post-divestments, while adjusted profit before tax increased to £4.9 million.
**Cash Position**Received £56.1 million from divestments, repaid the RCF, and ended with £34.2 million in cash, positioning the company for M&A activities.
**Strategic Focus**Transitioned to a capital-light, brand-focused, omnichannel approach, with reinvestment in senior management and digital capabilities.
**Operational Highlights**Successfully integrated Health & Her, launched new products, and strengthened leadership.
**Post-Period Performance**Q1 revenues trading 18% ahead of prior year, with gross margin improvement and continued M&A progress.
**Shareholder Returns**Returned £4.7 million to shareholders via a share buyback program, acquiring 7.0 million shares.
**Future Outlook**Confident in meeting guidance for the 17-month period ending 31 May 2026, with a focus on organic and acquisitive growth.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric20242025Change
Revenue (£ million)26.635.2+32.3%
Gross Profit (£ million)12.215.8+30.0%
Adjusted EBITDA (£ million)6.26.0-3.6%
Operating (Loss)/Profit (£ million)1.5(1.3)N/A
Net Debt (£ million)20.1(33.5)N/A
Cash Position (£ million)3.134.2+1003.2%
Free Cash Flow (£ million)3.73.3-10.8%

Notes:

  • The company transitioned from net debt to a cash position due to the receipt of £56.1 million in cash proceeds from divestments and the repayment of the RCF.
  • The operating loss in 2025 is primarily due to exceptional costs and the temporary disproportionate position of the operating cost base after divestments.
This table provides a clear comparison of key financial metrics between 2024 and 2025, highlighting the significant changes in revenue, gross profit, adjusted EBITDA, operating profit/loss, net debt/cash position, and free cash flow. The notes section provides additional context for the changes in net debt and operating profit/loss.
POS logo POS

Interim Results

Plexus Holdings plc

<mark style="background-coloryellow"></mark>
ROAD logo ROAD

Exercise of First Tranche of Put Option Agreement

Roadside Real Estate plc

Roadside Real Estate PLC has exercised the first tranche of its put option agreement with CGV Ventures 1 Ltd, selling 14% of its stake in Cambridge Sleep Sciences (CSS) for £14 million. The funds are expected by the end of April 2026, enabling Roadside to complete the acquisition of D. A. Roberts Fuels Ltd shortly thereafter.
Agreement
ALT logo ALT

Trading Update

Altitude Group Plc

Altitude Group PLC reports strong FY26 performance with revenue growth of 16.6%-19.3% to $43.5-$44.5 million, exceeding market expectations. Adjusted operating profit and profit before taxation remain stable at $3.7 million and $1.6 million, respectively. The company expects to end FY26 with net debt of $0.6 million due to timing of supplier revenues and operational improvement costs. Strategic initiatives include board restructuring, focus on AIM business growth, technology platform enhancement (AIM iQ™), and cost base optimization, positioning the company for margin improvement and stronger cash conversion in FY27. Full-year results will be announced on July 29, 2026.
MetricFY25FY26 (Expected)Change
Revenue$37.3 million$43.5 - $44.5 million+16.6% to +19.3%
Adjusted Operating Profit$3.7 million$3.7 million0%
Adjusted Profit before Taxation$1.6 million$1.6 million0%
Net Debt/CashNet Cash $0.7 millionNet Debt $0.6 millionShift from Net Cash to Net Debt
INOV logo INOV

Final Results

Schroders Capital Global Innovation Trust plc - INOV

**Summary**
Schroders Capital Global Innovation Trust plc (the Company) announced its final results for the year ended 31 December 2025, highlighting its managed wind-down strategy and capital returns to shareholders. Key points include
1. **Managed Wind-Down** Following shareholder approval, the Company focused on an orderly wind-down, realizing portfolio assets while balancing timely returns and value maximization.
2. **Capital Returns**
Completed a £37 million tender offer in July 2025.
Plans a further £18 million tender offer in June 2026, subject to shareholder approval.
3. **Financial Performance**
NAV per share increased by 11.5% to 22.23p.
Share price rose by 38.2% to 15.20p.
Total realisations of £35.9 millionincluding sales of Araris BiotechSecuriti AIand Anthos Therapeutics.
4. **Portfolio Highlights**
Life sciences portfolio drove performance, with Araris sale generating £18.0 million in gains.
Growth portfolio contributed positively, with valuation uplifts for AI Company II and Revolut.
5. **Post-Year Developments**
Received £6.5 million from the sale of Bluewater Bio in January 2026.
No material realisations expected before 2028.
6. **Board and Governance**
Reduced board size to three directors post-wind-down approval.
AGM scheduled for 2 June 2026, with a concurrent General Meeting for tender offer approval.
7. **Outlook**
Focus remains on disciplined asset realisation and liquidity management.
Increased volatility expected as the portfolio becomes more concentrated.
The Company continues to prioritize shareholder returns and transparency during its wind-down phase.
Financial Metric20242025Change
NAV per Share (pence)19.9422.23+11.5%
Total NAV (£'000)162,445141,221-13.1%
Total Realisations (£'000)56,94975,360+32.3%
Cash and Liquid Funds (£'000)29,63518,231-38.5%
Debt (£'000)000%
Share Price (pence)11.0015.20+38.2%
Share Price Discount to NAV (%)44.8%31.6%-29.5%
PINT logo PINT

Annual Financial Report

Pantheon Infrastructure PLC

**Summary**
Pantheon Infrastructure PLC (PINT) released its annual financial report for the year ended 31 December 2025, highlighting strong performance and strategic progress. Key achievements include a Net Asset Value (NAV) of £611 million, a 14.4% NAV Total Return, and a 3.5% increase in total dividends to 4.346p per share. The company demonstrated robust operational performance with £82.6 million in underlying portfolio growth and £31.4 million in distributions. PINTs market capitalization grew to £508 million, and its share price total return was 26.8%, with the discount to NAV narrowing to 16.8%.
Significant transactions included the conditional sale of its investment in Calpine, marking PINTs first realization since its IPO, and a new investment in Intersect Power with a subsequent partial realization. The company also extended its revolving credit facility to February 2029, improving terms and maintaining £120 million in available liquidity.
PINTs diversified portfolio spans sectors like Digital, Power & Utilities, Renewables & Energy Efficiency, and Transport & Logistics, with a focus on developed OECD markets. The companys investment strategy emphasizes assets with long-term contracted revenues, regulatory support, and strong counterparties, providing resilience and defensive characteristics.
Looking ahead, PINT is well-positioned to benefit from structural tailwinds such as digitalization and growing power demand. The Board remains confident in the long-term investment case for infrastructure and is committed to disciplined reinvestment, discount management, and delivering attractive returns for shareholders.
Metric20242025Change
Net Asset Value (NAV)£553m£611m+10.5%
NAV per share118.1p130.4p+10.4%
Total dividends per share4.2p4.346p+3.5%
Market capitalization£418m£508m+21.5%
NAV Total Return14.9%14.4%-3.3%
Weighted aggregate LTM EBITDA£76m£83m+9.2%
Debt (Weighted average gearing)35%36%+2.9%
TGP logo TGP

£2m Contract Awards on Japanese Offshore Project

Tekmar Group plc

Tekmar Group plc has secured two contracts totaling £2 million for a Japanese offshore wind farm project, involving the supply of its 10th generation Cable Protection Technology. The contracts, awarded following preliminary technical analysis and design work, reinforce Tekmars presence in the Asia-Pacific region and its diversified offshore wind market strategy. Revenue recognition is expected across FY26 and H1 FY27, supporting the companys long-term growth ambitions under Project Aurora.
NewContract
DUKE logo DUKE

Trading and Operational Update

Duke Royalty Ltd

Duke Capital Limited reports a strong Q4 FY26 with record recurring cash revenue of £7.0 million, an 8% year-on-year increase. Total cash revenue is expected to reach £8.5 million, boosted by the final deferred consideration from the Fabrikat exit. The Fabrikat sale yielded a 35% IRR over five years. CEO Neil Johnson highlights the resilience of Dukes business model in a challenging macroeconomic environment and the ability to deliver shareholder upside through exits. The company looks forward to sharing annual results, emphasizing its focus on capital preservation, attractive dividend yield, and exit-driven growth.
MetricQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26 (Forecast)
Recurring Cash Revenue£6.5 million£6.6 million£6.6 million£6.8 million£7.0 million
Total Cash Revenue£6.5 million£6.6 million£6.6 million£6.8 million£8.5 million
Year-on-Year Growth (Recurring Cash Revenue)-1.5%1.5%4.6%7.7%
Quarter-on-Quarter Growth (Recurring Cash Revenue)-1.5%0%3.0%2.9%
Debt (Fabrikat Exit)£6.2 million (investment)---£1.5 million (deferred payment received)
IRR (Fabrikat Exit)----35% over 5 years
TMO logo TMO

Interim Results

Time Out Group plc

**Summary**
Time Out Group plc, a global media and hospitality company, reported its unaudited interim results for the six months ended 31 December 2025 (HY26). Key highlights include
1. **Financial Performance**
Group revenues increased by 2% to £39.8 million.
Adjusted EBITDA rose significantly by 23% to £6.0 million, driven by improved performance in both Markets and Media divisions.
Markets division adjusted EBITDA was £6.7 million, while Media division returned to profitability with £1.9 million adjusted EBITDA.
An £8 million equity placing was announced and completed early 2026 to support growth and efficiency programs.
2. **Operational Highlights**
**Markets Division** Two new markets opened (Budapest and Manhattan), with Vancouver and Abu Dhabi scheduled for 2026. Chicago Market was closed, and Boston Market was licensed to a local developer to improve cash flow and EBITDA.
**Media Division** Strategy review led to a 33% increase in monthly audience reach to 244 million, driven by social media growth. Media revenue grew by 3%, and adjusted EBITDA turned positive at £1.9 million.
3. **Strategic Focus**
Shift towards capital-light management agreements for Markets, with a focus on super-prime locations.
Media division adapted to changing user behavior, emphasizing video and social media content, and streamlining operations.
4. **Outlook**
The Group is well-positioned for sustainable, profitable growth with a streamlined cost base, a growing portfolio of high-margin management agreements, and a profitable Media division.
Continued focus on direct revenue growth, social media reach, and maintaining high brand trust while leveraging AI for efficiency.
5. **Financial Review**
Group revenue growth of 2%, with strong margins and reduced operating expenses.
Markets revenue increased by 2%and Media revenue by 3%.
Operating loss reduced to £0.3 million, including £3.1 million in exceptional restructuring items.
Adjusted EBITDA increased to £6.0 million, reflecting improved operational efficiency.
6. **Cash and Debt**
Cash and cash equivalents increased to £5.4 million, supported by cash generated from operations and financing activities.
Borrowings and lease liabilities remain significant, but the Group is managing these through refinancing and strategic initiatives.
7. **Going Concern**
The Group continues to operate on a going concern basis, with a focus on refinancing senior debt and managing covenants.
Overall, Time Out Group plc demonstrated significant operational and financial progress in HY26, positioning itself for future growth through strategic adjustments and improved efficiency.
Financial MetricHY26 (31 Dec 2025)HY25 (31 Dec 2024)Change
Revenue£39.8m£38.9m+2%
Group Adjusted EBITDA£6.0m£4.8m+23%
Markets Division Adjusted EBITDA£6.7m£6.9m-2%
Media Division Adjusted EBITDA£1.9m-£0.6mTurnaround
Operating Loss-£0.3m-£2.6mImproved
Net Finance Expense-£6.7m-£4.2m+58%
Loss Before Tax-£7.0m-£6.8m+2%
Cash and Cash Equivalents£5.4m£4.8m+£0.6m
Borrowings-£56.1m-£39.9m+40%
Adjusted Net Debt-£50.7m-£35.0m+45%
3IN logo 3IN

3i Infrastructure plc - Pre-close update

3I Infrastructure PLC

3i Infrastructure PLCs pre-close update highlights strong performance, driven by the successful exit of TCR at a 50% premium, delivering a 19% annual return over 10 years. The company reinvested proceeds into the Lefdal Mine Datacenter, a high-quality, growth-oriented investment. Despite challenges like the DNS:NET write-down and SRLs underperformance, the portfolio is on track to meet full-year return targets, supported by earnings growth and resilient operations. Bolt-on acquisitions in Joulz, ESVAGT, and Future Biogas further strengthened the portfolio. The company maintains a balanced funding position, enabling strategic opportunities, and is set to deliver a 6.3% higher FY26 dividend. Overall, 3i Infrastructure demonstrates robust value creation and strategic portfolio management.
Financial Metric20252026Change
TCR Valuation (pre-sale)€760 million€1,140 million+50%
TCR Sale ProceedsN/A€1,140 millionNew
LMD InvestmentN/A€300 millionNew
NAV per Share (pence)407.9396.8-2.7%
RCF Drawings (£ million)N/A£544 millionNew
Net Debt Position (£ million)N/A£528 millionNew
Pro-forma Net Cash (£ million)N/A£201 millionNew
Dividend Target (pence per share)12.6513.45+6.3%
Total Income and Non-Income Cash (£ million)N/A£87 millionNew
RPI logo RPI

FY 2025 Results

Raspberry Pi Holdings PLC

Raspberry Pi Holdings PLC reported strong FY 2025 results with a 25% increase in EBITDA to $46.4 million, driven by 25% revenue growth to $323.2 million and 9% higher unit volumes. Gross profit rose 23% to $77.8 million, and profit before tax surged 63% to $26.5 million. Basic EPS increased 73% to 11.22 cents. The company benefited from strong demand across OEMs and resellers, particularly in the USA and China, with semiconductor device volumes exceeding board and module volumes for the first time. Raspberry Pi Connect gained traction, approaching 400k connected devices, and the company launched 13 new products. Despite rising DRAM costs, the company maintained profitability through supplier diversification and pricing adjustments. The company ended the year with net cash of $28.1 million, exceeding expectations. Management expects FY 2026 profitability to be in line with market estimates, with revenue materially higher, despite ongoing DRAM supply challenges.
Here is the HTML table code comparing the financials and debt year on year for Raspberry Pi Holdings PLC:
MetricFY 2025FY 2024Change
Revenue ($m)323.2259.525%
Gross Profit ($m)77.863.223%
Gross Margin (%)24.1%24.4%-0.3ppt
Adjusted EBITDA ($m)46.437.225%
Profit Before Tax ($m)26.516.363%
Cash ($m)28.145.8(39%)
Net Cash ($m)28.145.8(39%)
Debt ($m)000%
**Notes:** * The table compares key financial metrics for Raspberry Pi Holdings PLC between FY 2025 and FY 2024. * The company reported strong growth in revenue, gross profit, and adjusted EBITDA, but a decrease in cash and net cash due to paying down extended supplier payables. * There is no debt reported for either year. * The table does not include all financial metrics mentioned in the text, but focuses on the most relevant ones for a year-on-year comparison.
APTA logo APTA

Result of Retail Offer and Posting of Notice of GM

Aptamer Group PLC

Aptamer Group PLC announced the results of its Retail Offer and the posting of the notice of General Meeting. The Retail Offer raised approximately £274,000, with a total of £4.5 million raised through the Placing, Subscription, and Retail Offer. The funds are subject to the approval of certain resolutions at the General Meeting scheduled for April 13, 2026. The company, a leading developer of next-generation synthetic binders for the life sciences industry, will issue 45,665,573 Retail Offer Shares at 0.6p per share. The announcement also includes important notices regarding the offers restrictions, forward-looking statements, and product governance requirements.
Premium Placing
BAG logo BAG

Final Results

A.G.Barr PLC

**Summary**
A.G. BARR p.l.c., a UK-based multi-beverage company, reported strong financial results for FY25/26, ending January 31, 2026. Revenue grew by 4.0% to £437.3 million, driven by value-led performance across core brands like IRN-BRU, Rubicon, and Boost. Adjusted operating margin increased by 120 basis points to 14.8%, and adjusted profit before tax rose 12.5% to £65.8 million. The company maintained its adjusted return on capital employed (ROCE) at 20.4% despite significant investments in brand development and capital expenditure. Strategic acquisitions, including Innate-Essence, Frobishers, and Fentimans, expanded the companys presence in functional health and premium socialising segments. The final dividend increased by 11.0% to 15.27p per share, reflecting strong cash generation and confidence in future growth. A.G. BARR enters FY26/27 with momentum, focusing on innovation, channel expansion, and integration of recent acquisitions to drive sustainable growth and shareholder returns.
Financial Metric2024/252025/26Change
Revenue (£m)420.4437.3+4.0%
Adjusted Profit Before Tax (£m)58.565.8+12.5%
Adjusted Operating Margin (%)13.6%14.8%+120bps
Adjusted Return on Capital Employed (%)20.8%20.4%-40bps
Adjusted EPS (basic pence/share)39.77p44.24p+11.2%
Net Cash at Bank (£m)63.941.6-34.9%
Full Year Dividend (pence/share)16.86p18.71p+11.0%
Debt (£m)040.0+100%
JNEO logo JNEO

£2.4m Contract Awards – Infrastructure Protection

Journeo PLC

Journeo plc, a leading provider of intelligent systems for transport networks and critical national infrastructure, has secured £2.4 million in contracts under a four-year framework agreement with a major UK utility company. These contracts involve delivering high-security infrastructure protection solutions for critical assets, with design work already underway and completion expected in 2026. The announcement highlights Journeos expertise in safeguarding critical infrastructure and the continued trust from UK distribution network operators. The company operates across integrated services, information systems, and infrastructure protection, with significant investment in research and development to support innovative, scalable solutions.
NewContract
ATN logo ATN

Lithosquare AI JV Delivers 8 Priority Targets

Eastinco Mining & Exploration PLC

Aterian plc announces the successful completion of its AI collaboration with Lithosquare SAS, identifying eight high-priority exploration targets across Morocco and Botswana. The partnership leverages AI-driven geological analysis to accelerate mineral discovery, enhance targeting efficiency, and optimize exploration capital allocation. The next phase includes detailed work programs and finalizing a long-form JV agreement, positioning Aterian to advance its critical minerals portfolio amid growing global demand.
AI
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Strategic Partnership Signed in Guinea

Resolute Mining Limited

Resolute Mining Limited and Nimba Mining Company S.A. (NMC), a Guinean state-owned entity, have signed a strategic Memorandum of Understanding (MoU) to jointly evaluate and develop gold projects in Guinea. This partnership, supported by the Guinean government, marks NMCs first collaboration with an international gold mining company and aligns with Guineas Simandou 2040 Vision to diversify its mining sector beyond bauxite. The MoU focuses on mineral resource assessment, geological studies, and frameworks for large-scale gold production, with a preliminary evaluation of mining areas to be completed within 90 days. The non-binding agreement paves the way for a joint venture, emphasizing sustainable development and local content enhancement in Guineas mining ecosystem.
Partner
DEC logo DEC

Diversified Energy TR-1

Diversified Energy Company PLC

<mark style="background-coloryellow">TR1</mark> Buy
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