Following the <mark style="background-color:yellow">purchase</mark> of shares, Belinda Richards, Senior Independent Director, is beneficially interested in a total of 10,641 shares in the Company, representing approximately 0.01% of the Companys issued share capital.
Galliford Try Holdings PLC has been appointed to a £750 million affordable homes framework by Sovereign Network Group, aimed at delivering over 2,000 homes annually across southern England. The company will operate in mid and high-value bands across London, East, and South regions, and the high-value band in the West region. This appointment follows recent successes with Hyde Group and Clarion Housing Group, reinforcing Galliford Trys position in the affordable housing sector.
Alternative Income REIT plc (AIRE) announced that it has terminated discussions with AEW UK REIT plc regarding a possible all-share offer for the company. AIREs board unanimously decided not to extend the PUSU deadline, citing confidence in the companys standalone ability to generate secure income and maintain capital values through investments in UK properties within alternative and specialist sectors. AIRE remains on track to deliver its target annual dividend of 5.6 pence per share for the financial year ending June 30, 2026, with rent collection fully covering the dividend. The portfolio valuation showed a minor decline of £50,000 to £103.45 million in Q1 2026, and the company is well-positioned for the future following debt refinancing with HSBC UK Bank plc. The announcement was made without AEWs consent, and AIRE confirmed compliance with regulatory requirements.
<mark style="background-coloryellow">PURCHASE</mark> OF PARTNERSHIP SHARES AND THE AWARD OF MATCHING SHARES UNDER THE PENNON GROUP SHARE INCENTIVE PLAN (SIP)
<mark style="background-coloryellow">Purchase</mark> of Partnership Shares and the right to Matching Shares under the Matching Award element of the ISIP.
Mears Group PLC has been awarded a £200 million contract by Moat Homes for responsive, void maintenance, and planned works across 20,000 homes in the South-East of England over an initial 10-year term, with an option to extend for five more years. This long-term partnership follows Mears successful interim service delivery since 2024 and reinforces the companys growth strategy in the housing sector.
System1 Group PLC announces a Relationship Agreement with Brave Bison, following Brave Bisons acquisition of a 27.85% stake in System1. The agreement allows Brave Bison to appoint an observer to System1s board meetings, subject to approval, while ensuring System1s independent operation and compliance with legal and regulatory obligations. The agreement includes provisions for arms length transactions, information sharing, and confidentiality, and will terminate if Brave Bisons stake falls below 17.5%. Both companies express commitment to a constructive and transparent relationship.
Supreme PLC announces a new five-year exclusive licensing agreement with Carabao, a leading energy drink brand, to manufacture and distribute Carabaos energy and isotonic drinks in the UK. This partnership leverages Supremes manufacturing, innovation, and distribution strengths to accelerate Carabaos growth in the UK market, supported by its strong brand identity and retail presence. The collaboration aims to enhance retail partnerships, drive category growth, and deliver innovative products, with both companies expressing confidence in the strategic fit and growth potential.
On 20 April 2026, The Alumasc Group plc (the Company) was notified of the following share <mark style="background-color:yellow">purchase</mark>s by Vijay Thakrar (Chair), Pamela Bingham (Chief Executive Officer) and Simon Dray (Chief Financial Officer).
Ebiquity PLCs final results for the year ended 31 December 2025 show a revenuedecline of 4% to £73.4 million, with adjusted operating profit down 42% to £4.6 million. The company faced challenges in North America and Europe, offset by strong performance in the UK & Ireland. Strategic actions, including leadership changes and cost management, aim to position the company for growth. Despite a statutory operating loss of £8.6 million due to non-cash impairments, cash generation improved, and net debtreduced to £13.1 million. The company highlights its focus on AI and technology innovation, with ERAbot deployed across the workforce. The outlook emphasizes returning to growth, supported by global media ad spend growth and Ebiquitys unique market position.
Rio Tintos first quarter 2026 production results show a 9% year-over-year increase in copper equivalent (CuEq) production, driven by strong performance across its portfolio. Key highlights include
Copper production rose 9% YoY, supported by the ramp-up of the Oyu Tolgoi mine and progress at Resolution Copper.
Iron ore production in the Pilbara was the second highest Q1 since 2018, up 13% YoY, despite cyclone impacts on shipments.
Aluminium production demonstrated resilience despite weather disruptions, with the integrated business offsetting challenges.
Lithium production was lower YoY due to the care and maintenance status of Mt Cattlin, but expansion projects remain on track.
Safety remains a priority, with tragic fatalities leading to operational shutdowns and reviews.
The company achieved $650m in annualized productivity benefits as planned, with further improvements underway.
Guidance for 2026 remains unchanged across commodities.
Overall, Rio Tinto delivered strong operational performance in Q1 2026, growing production across most commodities while advancing key growth projects. The company continues to focus on safety, productivity, and supply chain resilience.
Mpac Group PLC, a global packaging and automation solutions provider, reported its full-year results for 2025, which were in line with market expectations. The company faced macroeconomic challenges, including customer investment deferrals, but took decisive actions to reduce operating costs and focus on cash management. Key financial highlights include a 42% increase in revenue to £174.1 million, a 51% rise in underlying operating profit to £18.1 million, and a 26% growth in order intake to £150.9 million. Despite a 24% decline in the closing order book to £90.0 million, the company stabilized its order book in the second half of the year. Operationally, Mpac integrated acquisitions (CSi and BCA), improved margins through restructuring, and strengthened its board. The company remains focused on managing net debt and is well-positioned for sustainable long-term growth, despite near-term uncertainties.
Gear4music (Holdings) PLC reports a strong full-year performance for FY26, exceeding market expectations with significantgrowth in revenue (+30% to £190.7m), EBITDA (+81% to at least £18.1m), and profit before tax (+506% to at least £9.7m). Key highlights include sustained growth in UK and European markets, improved gross margins (28.4%), reduced net bank debt (£5.0m), and successful technical developments like AI-based inventory forecasting and a website chatbot. The company also completed the lease for a new UK warehouse and remains confident in FY27 prospects, with trading in line with market expectations. Preliminary results for FY26 will be announced on June 23, 2026.
Metric
FY25 (£m)
FY26 (£m)
% Change
UK Sales
90.2
114.1
+26%
European and Rest of the World Sales
56.5
76.6
+36%
Total Sales
146.7
190.7
+30%
EBITDA
10.0
≥18.1
+81%*
Profit Before Tax (PBT)
1.6
≥9.7
+506%*
Net Bank Debt
6.4
5.0
-22%
*Note: Percentage changes for EBITDA and PBT are calculated based on the minimum values provided for FY26.
Facilities by ADF plc, a leading provider of premium serviced production facilities to the UK film and high-end television (HETV) industry, reported its final results for the year ended 31 December 2025. The company experienced a 17% increase in group revenue to £41.3 million, driven by the full-year contribution from Autotrak and improved performance in the second half of the year. Adjusted EBITDA rose to £9.2 million, with a marginexpansion to 22%, attributed to enhanced efficiencies and Autotraks contribution. Net debtdecreased to £12.3 million, reflecting disciplined cash and capital management.
Operationally, the company supported 311 productions, a 5% increase, with notable projects including *Black Doves*, *Ted Lasso*, and *The Witcher*. Autotrak, acquired in 2024, contributed £9.3 million in revenue, diversifying the customer base across construction, events, and infrastructure markets. Non-film and HETV revenue increased by 96% to £3.9 million. The companys Net Promoter Score improved to 89, indicating strong customer satisfaction.
Strategically, ADF secured a £5.0 million Revolving Credit Facility post-year-end to support growth and paid an interim dividend of 0.3 pence per share. The company appointed Nicola Pearcey as CEO and Will Worsdell as CFO, strengthening its leadership team. The outlook for FY26 is positive, with Q1 trading in line with expectations and a healthy pipeline across all businesses. The UKs strong global investment in film and HETV, coupled with ADFs strategic focus on customer-centric growth and diversification, positions the company well for future success.
IXICO PLC reports stronggrowth in H1 2026, with revenues up 23% to £3.9 million, gross margin increasing to 53%, and order book rising 38% to £18.1 million. EBITDA loss narrowed to £0.5 million, reflecting strategic investments in growth. A £10 million capital raise supports the Tech Bio strategy to enhance the IXITM platforms integration with CROs and healthcare providers. Interim results will be released on May 19, 2026, with a live presentation for shareholders.
THG PLC reports strong Q1 2026 results with 7.0% revenuegrowth, the best Q1 performance since 2021. THG Beauty and THG Nutrition both saw growth, driven by strong US performance, UK market share gains, and expansion into higher-margin categories. Full-year guidance is reiterated, with confidence in continued market share gains and pricing strategies. Cash flow performance was the strongest in three years, supporting full-year free cash flow guidance. Despite geopolitical uncertainties, THG enters Q2 with momentum, building on a better-than-expected Q1.
Nichols PLC reports a positive start to FY26 with revenuegrowth of 4.3% to £41.0m in Q1, driven by strong performances in UK and International Packaged segments. UK Packaged revenues rose 3.8% to £22.1m, while International Packaged revenues increased 11.1% to £10.0m, led by West Africa. Out of Home revenues declined 3.3% to £8.7m due to strategic exits and focus on profitability. The Group maintains a strong balance sheet with net cash of £59.8m. Full-year guidance remains unchanged, with performance expected to be weighted towards H2 due to shipment timing. The company continues to monitor Middle East conflict impacts and has mitigation plans in place. New CFO Matthew Rothwell joins the Board, and the Group remains well-positioned for continued profitable growth.
Checkit PLC, an automated monitoring and operational intelligence platform, reported its final results for the year ended 31 January 2026 (FY26). Key highlights include
1. **Financial Performance**
Achieved Adjusted EBITDA profitability of £0.3 million, a significant improvement from a £2.3 million loss in FY25.
Annual Recurring Revenue (ARR) was £14.3 million, a 1% reduction but up 2% at constant currency. Underlying ARR growth was 5%, excluding a single large US customer reduction.
Net cash position of £3.0 million at year-end, reflecting a cash-generative second half.
2. **Operational Efficiency**
Completed a £4 million cost-saving program, reducing the cost base.
Maintained high-quality revenue, with recurring revenue representing 96% of total revenue.
Launched a redesigned user interface and improved user experience, leveraging AI for faster delivery and enhanced customer engagement.
3. **Strategic Developments**
The Board initiated a Formal Sale Process on 26 March 2026, seeking offers for the Group. This decision was driven by the belief that private ownership could unlock substantial profitable growth through cost normalization, operational leverage, and strategic synergies.
Planned strategic retirement of a legacy product in FY27 to unify the platform and launch a next-generation solution, doubling penetration potential and clearing the path for aggressive customer expansion.
4. **Outlook**
Focus on long-term scalabilityprofitabilityand strategic clarity.
Increased focus on the US market, the largest and most scalable addressable market, to drive enterprise engagement and account expansion.
Checkit’s FY26 results reflect a structural reset, improved financial discipline, and positioning for future growth, despite challenges in the broader technology landscape. The Formal Sale Process underscores the Board’s commitment to maximizing shareholder value.
Financial Metric
FY25 (£m)
FY26 (£m)
Change (£m)
Change (%)
Revenue
14.1
13.7
-0.4
-2%
Recurring Revenue
13.1
13.2
0.1
1%
Adjusted EBITDA
(2.3)
0.3
2.6
113%
Net Cash
2.7
3.0
0.3
11%
Operating Costs
14.5
11.6
-2.9
-20%
Non-recurring or Special Items
0.5
1.1
0.6
120%
Cash and Cash Equivalents
5.1
3.0
-2.1
-41%
### Key Observations:
1. **Revenue**: Decreased by 2% year-on-year, primarily due to a reduction in non-recurring revenue. 2. **Recurring Revenue**: Increased slightly by 1%, with underlying growth of 5% excluding a single large US customer reduction. 3. **Adjusted EBITDA**: Turned profitable, improving by 113% to £0.3m, ahead of expectations. 4. **Net Cash**: Increased by 11% to £3.0m, reflecting a cash-generative second half. 5. **Operating Costs**: Reduced by 20% due to a £4m cost-saving program. 6. **Non-recurring or Special Items**: Increased significantly due to restructuring and transaction costs. 7. **Cash and Cash Equivalents**: Decreased by 41% to £3.0m, primarily due to restructuring costs and pre-restructuring cash outflows.
System1 Group PLC reports steady FY26 revenue at £37m, with a strong H2 performance driven by 4% YoY growth, record 6-month revenue, and new client wins. Adjusted EBITDA declined to £3.6m due to investments and restructuring costs, but cost savings of £1m annually were achieved. Strategic progress included 19% innovation revenuegrowth, 7% US platform revenuegrowth, and partnerships with 48 of the top 100 global brands. FY27 outlook is positive, with expected revenue and profitgrowth, improved EBITDA margin (≥15%), and confidence in consensus forecasts. The company secured over 300 new platform clients, strengthened its AI partnership with BionicX, and closed its largest-ever US sales contract, positioning it for sustained growth.
ActiveOps PLC reports strong FY26 performance with 48% revenuegrowth to £45.0m, driven by new customer wins, expansion sales, and the Enlighten acquisition. Net Revenue Retention (NRR) increased to 119%, and organic Annual Recurring Revenue (ARR) grew 25% to £35.6m. Adjusted EBITDA rose to £4.2m, and period-end cash stood at £23.6m. The company strengthened its balance sheet post-period with a £7.4m trademark sale. Despite a contract termination from an Enlighten customer, the acquisition remains accretive. ActiveOps plans to announce FY26 results on July 2, 2026, and remains confident in its growth strategy, supported by product innovation and expanded sales capabilities.
Gresham House Energy Storage Fund (GRID) reported strong full-year results for 2025, highlighting significantgrowth in operational capacity, cash generation, and NAV per share. Key achievements include
* **Increased operational capacity** 1,072MW / 1,701MWh, up from 845MW/1,207MWh in 2024.
* **Revenue and EBITDA growth** Unaudited operational portfolio revenues rose 29.9% to £60.4mn, and EBITDA increased 33.4% to £38.8mn.
* **Progress on Three-year Plan** Completed augmentations of 330MWh across 7 projects, with 350MWh more underway in 2026.
* **Alternative Revenue strategy** Formal trials showed promising results, exceeding expectations and doubling existing revenues on trial capacity.
* **Funding secured** £220mn amortizing debt facility closed, and equity funding secured for project augmentation.
Despite delays in connection dates due to NESOs Queue Reform Process, GRID remains confident in its growth trajectory, targeting further capacity expansion, revenuegrowth, and NAV per share increase in 2026. The company is well-positioned to capitalize on the growing demand for battery energy storage systems in the UK, driven by the need to reduce dependence on imported fossil fuels and support renewable energy integration.
World Chess PLC, a London-listed chess organization, reported its financial results for the year ended December 31, 2025. Key highlights include
**Revenue Growth** Revenue from continuing operations increased by 11% to €2,029,433, driven by digital and media activities. The World Chess Online Arena saw a 25% revenue increase to €863,751.
**User Growth** The platform exceeded one million registered users, with India representing 33% of paid subscribers and 25% of total users.
**Product Development** Launched "The Tower," a player progression system, rebuilt the mobile app, and appointed a Head of Mobile Design.
**Partnerships** Extended partnership with Algorand Foundation and added TipRanks as a commercial partner.
**Strategic Shift** Closed the Berlin Chess Club, focusing on digital revenue streams and online subscriber growth.
**Financial Performance** Loss before tax from continuing operations narrowed to €2,685,342, reflecting cost discipline and targeted investment.
**Capital Raising** Secured investment from strategic partners, strengthening the capital base.
**Governance** Maintained focus on governance, liquidity, and risk management.
**Future Outlook** The company aims to scale its user base, offer new ways to enjoy chess, and expand into club and federation technology tools.
Despite challenges, World Chess PLC is positioned for growth, leveraging its digital platform and strategic partnerships to enhance its global chess community.
Financial Metric
2025 (€)
2024 (€)
Year-on-Year Change (€)
Year-on-Year Change (%)
Revenue from Continuing Operations
2,029,433
1,820,801
208,632
11%
Total Revenue (Including Discontinued Operations)
2,262,115
2,434,173
(172,058)
-7%
Loss Before Tax from Continuing Operations
2,685,342
2,822,879
137,537
-5%
Loss from Discontinued Operations (Net of Tax)
974,407
972,050
2,357
0.2%
Total Loss
3,659,941
3,795,146
135,205
-4%
Gross Profit
609,532
489,002
120,530
25%
Gross Profit Margin (%)
30%
27%
3%
11%
Administrative Expenses
3,274,230
3,289,653
(15,423)
-0.5%
Operating Loss from Continuing Operations
2,664,698
2,800,651
135,953
-5%
Net Cash Used in Operating Activities
2,491,890
2,356,219
135,671
6%
Net Debt
(9,215)
(2,739,286)
2,730,071
-99.7%
### Key Observations:
1. **Revenue from Continuing Operations** increased by 11% year-on-year, driven by growth in digital and media activities.
2. **Total Revenue** decreased by 7% due to the closure of the Berlin club, which was part of discontinued operations.
3. **Loss Before Tax from Continuing Operations** improved by 5%, reflecting cost discipline and targeted investment.
4. **Gross Profit Margin** improved from 27% to 30%, driven by a higher proportion of digital revenues.
5. **Net Debt** significantly improved, moving from a net debt position of €2.74 million in 2024 to a near net cash position in 2025, primarily due to equity funding.
CAB Payments Holdings PLC reported strong Q1 2026 income performance, with total income up 35% YoY to £34 million and total income (excluding net interest income) up 60% YoY to £26 million. This growth reflects strategic execution, business mix shifts, and improved margins. Client activity increased, with FX volumes up 5% YoY and emerging market volumes up 15% YoY. The company added 13 new clients and expanded its partner network. Net interest income was only 10% lower YoY despite interest rate reductions. Strategic progress included new partnerships, office activations, and client transactions. Medium-term guidance remains unchanged, with expected high-teens to low-20s percentage CAGR in total income (excluding net interest income) over the next three years.
Accsys Technologies PLC reports strong FY26 performance, with record Accoya sales volumes and significant strategic progress. Key highlights include
**Revenue Growth**Group revenue increased by 20% like-for-like to €153m, driven by robust demand for Accoya products, particularly Accoya Color.
**Sales Volumes**Total sales volumes (Group + JV) rose by 21% to 77,237m³, with notable growth in North America (60%), UK&I (12%), Rest of Europe (23%), and Rest of World (9%).
**North America Performance**Accoya USA joint venture saw significant sales volume growth of 60%, capturing market opportunities and mitigating tariff impacts.
**Profitability**Adjusted EBITDA is expected to align with market consensus of €21.0 million.
**Deleveraging**Net debtreduced to €41.4m, reflecting disciplined capital allocation.
**Strategic Progress**Continued execution of the FOCUS strategy, strengthening market position and resilience for sustainable long-term growth.
Full-year results will be announced on 16 June 2026.
Capital Limited reports a record Q1 2026 revenue of $101.7 million, up 41.6% YoY, driven by strong performance across drilling, mining, and MSALABS segments. Key highlights include a 2,900% surge in mining revenue, new contract wins, and increased laboratory utilization. Despite geopolitical tensions impacting logistics and investments, the company reaffirms its 2026 revenue guidance of $410–$440 million, supported by ramping contracts, full mining run rates, and new laboratory commissioning.
Comptoir Group Plc, a UK-based restaurant operator specializing in Lebanese and Middle Eastern cuisine, reported its FY 2025 results for the 52-week period ending December 28, 2025. Key highlights include
**Revenue and Profitability** Group revenue slightly decreased to £33.0 million (from £34.6 million in 2024), but like-for-like (LFL) sales grew by 0.2%. Adjusted EBITDA improved to £1.1 million (from £0.8 million in 2024), while the IFRS loss after tax narrowed to £1.4 million (from £1.9 million in 2024).
**Operational Focus** The company prioritized operational improvements, menu enhancements, and value offerings to strengthen its customer proposition in a challenging trading environment.
**Site Operations** Comptoir owns and operates 20 sites, with an additional 6 franchise sites. During the year, two sites (Kenza and Comptoir Bluewater) were closed.
**Financial Position** Adjusted net cash decreased to £1.9 million (from £3.0 million in 2024) due to exceptional costs and historic liability settlements. The basic loss per share improved to (1.12) pence (from (1.58) pence in 2024).
**Strategic Initiatives** The company focused on driving covers through value offerings rather than price increases, which temporarily slowed LFL growth but is expected to yield long-term benefits. Cost management and operational efficiencies contributed to EBITDA growth.
**Franchise Expansion** Franchise operations showed strong performance, particularly the Milan site, which exceeded expectations. A new franchise agreement was signed for a Venice site opening in May 2026.
**Challenges and Outlook** The company faces ongoing macroeconomic challenges, including cost-of-living pressures and inflation. Despite these headwinds, Comptoir remains confident in its strategy, emphasizing sustainable growth and expansion for 2026 and beyond.
**Key Financial Metrics**
**Revenue** £33.0 million (2024: £34.6 million)
**Adjusted EBITDA** £1.1 million (2024: £0.8 million)
**IFRS Loss After Tax** £1.4 million (2024: £1.9 million)
**Adjusted Net Cash** £1.9 million (2024: £3.0 million)
**Basic Loss Per Share** (1.12) pence (2024: (1.58) pence)
**Strategic Focus**
**Value Proposition** Emphasis on value for money and customer experience to drive long-term loyalty.
**Operational Efficiency** Continued focus on cost management and operational improvements.
**Expansion** Modest expansion of both company-owned and franchise sites, with a new Shawa site planned for London in H2 2026.
**Challenges**
**Macroeconomic Environment** Cost-of-living pressures and inflation impacting consumer spending.
**Geopolitical Risks** Monitoring the situation in the Middle East for potential supply chain and consumer sentiment impacts.
**Outlook**
Comptoir Group remains focused on driving improvement and expansion, leveraging its operational enhancements and strengthened menu offerings to navigate challenges and achieve sustainable growth.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric
2024
2025
Change
Revenue (£'000)
34,619
32,998
(4.7%)
Gross Profit (£'000)
27,813
27,059
(2.7%)
Operating Loss (£'000)
(831)
(542)
34.8%
Loss for the Period (£'000)
(1,943)
(1,373)
29.3%
Adjusted EBITDA (£'000)
800
1,100
37.5%
Adjusted Net Cash (£'000)
3,000
1,900
(36.7%)
Total Debt (£'000)
1,000
450
(55.0%)
**Notes:** * The revenue decrease is mainly due to site closures and a focus on covers recovery rather than pricing.
* The improvement in adjusted EBITDA is a result of cost control measures and operational efficiencies.
* The decrease in adjusted net cash is primarily due to exceptional costs associated with site closures, restructuring, and settlement of historic liabilities.
* The reduction in total debt is due to repayments made during the year. This table provides a concise overview of the key financial metrics and debt position, highlighting the changes between 2024 and 2025.
IntegraFin Holdings plc (IHP) reported strong Q2 FY26 performance, with net inflows to the Transact platform reaching £1.3bn, up 8% year-on-year, and record gross inflows of £3.1bn, up 15%. Funds under direction (FUD) increased 18% to £77.8bn, driven by net inflows and market recovery. Total Group revenue is expected to rise 11% to £85.8m in H1 FY26. IHP highlighted cost management initiatives, AI integration, and sustained adviser platform market share growth. Despite global market volatility, diversified client investments mitigated impact, positioning the Group for accelerated profitgrowth and margin enhancement.
Billington Holdings PLC, a UK-based structural steel and construction safety solutions specialist, reported its financial results for the year ended December 31, 2025. Despite challenging market conditions, the company demonstrated resilience with a revenue of £95.7 million, a decrease from £113.1 million in 2024, primarily due to a shift towards more complex projects with reduced steel content. Underlying profit before tax was £4.1 million, impacted by £2.8 million in non-underlying costs related to the closure of the Yate facility. Profit before tax was £1.3 million, and the company maintained a strong cash balance of £20.5 million, remaining debt-free. The company recommended a dividend of 11.0 pence per share, reflecting its commitment to shareholders while maintaining a robust balance sheet. Operationally, Billington focused on efficiency, consolidating its structural steel operations in Barnsley, and secured a healthy order book for 2026 and 2027, positioning itself for improved performance in the coming year.
Intercede Group PLC announces new contract upsell orders and a renewal, totaling approximately $3.8 million, highlighting improving order intake momentum as it enters the new financial year. The deals include upsells to a large US Federal Agency and a UK Government Department, as well as a renewal with a US Federal Agency, all for MyID CMS licenses and support. CEO Klaas van der Leest expressed confidence in the companys pipeline conversion and the encouraging scale of upsell activity with existing government customers, positioning the company strongly for FY27.
THG PLC reports strong Q1 2026 results with 7.0% revenuegrowth, the best Q1 performance since 2021. THG Beauty and THG Nutrition both saw growth, driven by strong US performance, UK market share gains, and expansion into higher-margin categories. Full-year guidance is reiterated, with confidence in continued market share gains and pricing strategies. Cash flow performance was the strongest in three years, supporting full-year free cash flow guidance. Despite geopolitical uncertainties, THG enters Q2 with momentum, building on a better-than-expected Q1.
System1 Group PLC announces a Relationship Agreement with Brave Bison, following Brave Bisons acquisition of a 27.85% stake in System1. The agreement allows Brave Bison to appoint an observer to System1s board meetings, subject to approval, while ensuring System1s independent operation and compliance with legal and regulatory obligations. The agreement includes provisions for arms length transactions, information sharing, and confidentiality, and will terminate if Brave Bisons stake falls below 17.5%. Both companies express commitment to a constructive and transparent relationship.
Supreme PLC announces a new five-year exclusive licensing agreement with Carabao, a leading energy drink brand, to manufacture and distribute Carabaos energy and isotonic drinks in the UK. This partnership leverages Supremes manufacturing, innovation, and distribution strengths to accelerate Carabaos growth in the UK market, supported by its strong brand identity and retail presence. The collaboration aims to enhance retail partnerships, drive category growth, and deliver innovative products, with both companies expressing confidence in the strategic fit and growth potential.
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Following the <mark style="background-color:yellow">purchase</mark> of shares, Belinda Richards, Senior Independent Director, is beneficially interested in a total of 10,641 shares in the Company, representing approximately 0.01% of the Companys issued share capital.
<mark style="background-coloryellow">PURCHASE</mark> OF PARTNERSHIP SHARES AND THE AWARD OF MATCHING SHARES UNDER THE PENNON GROUP SHARE INCENTIVE PLAN (SIP)
<mark style="background-coloryellow">Purchase</mark> of Partnership Shares and the right to Matching Shares under the Matching Award element of the ISIP.
On 20 April 2026, The Alumasc Group plc (the Company) was notified of the following share <mark style="background-color:yellow">purchase</mark>s by Vijay Thakrar (Chair), Pamela Bingham (Chief Executive Officer) and Simon Dray (Chief Financial Officer).
Galliford Try Holdings PLC has been appointed to a £750 million affordable homes framework by Sovereign Network Group, aimed at delivering over 2,000 homes annually across southern England. The company will operate in mid and high-value bands across London, East, and South regions, and the high-value band in the West region. This appointment follows recent successes with Hyde Group and Clarion Housing Group, reinforcing Galliford Trys position in the affordable housing sector.
Mears Group PLC has been awarded a £200 million contract by Moat Homes for responsive, void maintenance, and planned works across 20,000 homes in the South-East of England over an initial 10-year term, with an option to extend for five more years. This long-term partnership follows Mears successful interim service delivery since 2024 and reinforces the companys growth strategy in the housing sector.
Intercede Group PLC announces new contract upsell orders and a renewal, totaling approximately $3.8 million, highlighting improving order intake momentum as it enters the new financial year. The deals include upsells to a large US Federal Agency and a UK Government Department, as well as a renewal with a US Federal Agency, all for MyID CMS licenses and support. CEO Klaas van der Leest expressed confidence in the companys pipeline conversion and the encouraging scale of upsell activity with existing government customers, positioning the company strongly for FY27.
Alternative Income REIT plc (AIRE) announced that it has terminated discussions with AEW UK REIT plc regarding a possible all-share offer for the company. AIREs board unanimously decided not to extend the PUSU deadline, citing confidence in the companys standalone ability to generate secure income and maintain capital values through investments in UK properties within alternative and specialist sectors. AIRE remains on track to deliver its target annual dividend of 5.6 pence per share for the financial year ending June 30, 2026, with rent collection fully covering the dividend. The portfolio valuation showed a minor decline of £50,000 to £103.45 million in Q1 2026, and the company is well-positioned for the future following debt refinancing with HSBC UK Bank plc. The announcement was made without AEWs consent, and AIRE confirmed compliance with regulatory requirements.
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Rio Tintos first quarter 2026 production results show a 9% year-over-year increase in copper equivalent (CuEq) production, driven by strong performance across its portfolio. Key highlights include
Copper production rose 9% YoY, supported by the ramp-up of the Oyu Tolgoi mine and progress at Resolution Copper.
Iron ore production in the Pilbara was the second highest Q1 since 2018, up 13% YoY, despite cyclone impacts on shipments.
Aluminium production demonstrated resilience despite weather disruptions, with the integrated business offsetting challenges.
Lithium production was lower YoY due to the care and maintenance status of Mt Cattlin, but expansion projects remain on track.
Safety remains a priority, with tragic fatalities leading to operational shutdowns and reviews.
The company achieved $650m in annualized productivity benefits as planned, with further improvements underway.
Guidance for 2026 remains unchanged across commodities.
Overall, Rio Tinto delivered strong operational performance in Q1 2026, growing production across most commodities while advancing key growth projects. The company continues to focus on safety, productivity, and supply chain resilience.
Ebiquity PLCs final results for the year ended 31 December 2025 show a revenuedecline of 4% to £73.4 million, with adjusted operating profit down 42% to £4.6 million. The company faced challenges in North America and Europe, offset by strong performance in the UK & Ireland. Strategic actions, including leadership changes and cost management, aim to position the company for growth. Despite a statutory operating loss of £8.6 million due to non-cash impairments, cash generation improved, and net debtreduced to £13.1 million. The company highlights its focus on AI and technology innovation, with ERAbot deployed across the workforce. The outlook emphasizes returning to growth, supported by global media ad spend growth and Ebiquitys unique market position.
Mpac Group PLC, a global packaging and automation solutions provider, reported its full-year results for 2025, which were in line with market expectations. The company faced macroeconomic challenges, including customer investment deferrals, but took decisive actions to reduce operating costs and focus on cash management. Key financial highlights include a 42% increase in revenue to £174.1 million, a 51% rise in underlying operating profit to £18.1 million, and a 26% growth in order intake to £150.9 million. Despite a 24% decline in the closing order book to £90.0 million, the company stabilized its order book in the second half of the year. Operationally, Mpac integrated acquisitions (CSi and BCA), improved margins through restructuring, and strengthened its board. The company remains focused on managing net debt and is well-positioned for sustainable long-term growth, despite near-term uncertainties.
Facilities by ADF plc, a leading provider of premium serviced production facilities to the UK film and high-end television (HETV) industry, reported its final results for the year ended 31 December 2025. The company experienced a 17% increase in group revenue to £41.3 million, driven by the full-year contribution from Autotrak and improved performance in the second half of the year. Adjusted EBITDA rose to £9.2 million, with a marginexpansion to 22%, attributed to enhanced efficiencies and Autotraks contribution. Net debtdecreased to £12.3 million, reflecting disciplined cash and capital management.
Operationally, the company supported 311 productions, a 5% increase, with notable projects including *Black Doves*, *Ted Lasso*, and *The Witcher*. Autotrak, acquired in 2024, contributed £9.3 million in revenue, diversifying the customer base across construction, events, and infrastructure markets. Non-film and HETV revenue increased by 96% to £3.9 million. The companys Net Promoter Score improved to 89, indicating strong customer satisfaction.
Strategically, ADF secured a £5.0 million Revolving Credit Facility post-year-end to support growth and paid an interim dividend of 0.3 pence per share. The company appointed Nicola Pearcey as CEO and Will Worsdell as CFO, strengthening its leadership team. The outlook for FY26 is positive, with Q1 trading in line with expectations and a healthy pipeline across all businesses. The UKs strong global investment in film and HETV, coupled with ADFs strategic focus on customer-centric growth and diversification, positions the company well for future success.
Checkit PLC, an automated monitoring and operational intelligence platform, reported its final results for the year ended 31 January 2026 (FY26). Key highlights include
1. **Financial Performance**
Achieved Adjusted EBITDA profitability of £0.3 million, a significant improvement from a £2.3 million loss in FY25.
Annual Recurring Revenue (ARR) was £14.3 million, a 1% reduction but up 2% at constant currency. Underlying ARR growth was 5%, excluding a single large US customer reduction.
Net cash position of £3.0 million at year-end, reflecting a cash-generative second half.
2. **Operational Efficiency**
Completed a £4 million cost-saving program, reducing the cost base.
Maintained high-quality revenue, with recurring revenue representing 96% of total revenue.
Launched a redesigned user interface and improved user experience, leveraging AI for faster delivery and enhanced customer engagement.
3. **Strategic Developments**
The Board initiated a Formal Sale Process on 26 March 2026, seeking offers for the Group. This decision was driven by the belief that private ownership could unlock substantial profitable growth through cost normalization, operational leverage, and strategic synergies.
Planned strategic retirement of a legacy product in FY27 to unify the platform and launch a next-generation solution, doubling penetration potential and clearing the path for aggressive customer expansion.
4. **Outlook**
Focus on long-term scalabilityprofitabilityand strategic clarity.
Increased focus on the US market, the largest and most scalable addressable market, to drive enterprise engagement and account expansion.
Checkit’s FY26 results reflect a structural reset, improved financial discipline, and positioning for future growth, despite challenges in the broader technology landscape. The Formal Sale Process underscores the Board’s commitment to maximizing shareholder value.
Financial Metric
FY25 (£m)
FY26 (£m)
Change (£m)
Change (%)
Revenue
14.1
13.7
-0.4
-2%
Recurring Revenue
13.1
13.2
0.1
1%
Adjusted EBITDA
(2.3)
0.3
2.6
113%
Net Cash
2.7
3.0
0.3
11%
Operating Costs
14.5
11.6
-2.9
-20%
Non-recurring or Special Items
0.5
1.1
0.6
120%
Cash and Cash Equivalents
5.1
3.0
-2.1
-41%
### Key Observations:
1. **Revenue**: Decreased by 2% year-on-year, primarily due to a reduction in non-recurring revenue. 2. **Recurring Revenue**: Increased slightly by 1%, with underlying growth of 5% excluding a single large US customer reduction. 3. **Adjusted EBITDA**: Turned profitable, improving by 113% to £0.3m, ahead of expectations. 4. **Net Cash**: Increased by 11% to £3.0m, reflecting a cash-generative second half. 5. **Operating Costs**: Reduced by 20% due to a £4m cost-saving program. 6. **Non-recurring or Special Items**: Increased significantly due to restructuring and transaction costs. 7. **Cash and Cash Equivalents**: Decreased by 41% to £3.0m, primarily due to restructuring costs and pre-restructuring cash outflows.
Gresham House Energy Storage Fund (GRID) reported strong full-year results for 2025, highlighting significantgrowth in operational capacity, cash generation, and NAV per share. Key achievements include
* **Increased operational capacity** 1,072MW / 1,701MWh, up from 845MW/1,207MWh in 2024.
* **Revenue and EBITDA growth** Unaudited operational portfolio revenues rose 29.9% to £60.4mn, and EBITDA increased 33.4% to £38.8mn.
* **Progress on Three-year Plan** Completed augmentations of 330MWh across 7 projects, with 350MWh more underway in 2026.
* **Alternative Revenue strategy** Formal trials showed promising results, exceeding expectations and doubling existing revenues on trial capacity.
* **Funding secured** £220mn amortizing debt facility closed, and equity funding secured for project augmentation.
Despite delays in connection dates due to NESOs Queue Reform Process, GRID remains confident in its growth trajectory, targeting further capacity expansion, revenuegrowth, and NAV per share increase in 2026. The company is well-positioned to capitalize on the growing demand for battery energy storage systems in the UK, driven by the need to reduce dependence on imported fossil fuels and support renewable energy integration.
World Chess PLC, a London-listed chess organization, reported its financial results for the year ended December 31, 2025. Key highlights include
**Revenue Growth** Revenue from continuing operations increased by 11% to €2,029,433, driven by digital and media activities. The World Chess Online Arena saw a 25% revenue increase to €863,751.
**User Growth** The platform exceeded one million registered users, with India representing 33% of paid subscribers and 25% of total users.
**Product Development** Launched "The Tower," a player progression system, rebuilt the mobile app, and appointed a Head of Mobile Design.
**Partnerships** Extended partnership with Algorand Foundation and added TipRanks as a commercial partner.
**Strategic Shift** Closed the Berlin Chess Club, focusing on digital revenue streams and online subscriber growth.
**Financial Performance** Loss before tax from continuing operations narrowed to €2,685,342, reflecting cost discipline and targeted investment.
**Capital Raising** Secured investment from strategic partners, strengthening the capital base.
**Governance** Maintained focus on governance, liquidity, and risk management.
**Future Outlook** The company aims to scale its user base, offer new ways to enjoy chess, and expand into club and federation technology tools.
Despite challenges, World Chess PLC is positioned for growth, leveraging its digital platform and strategic partnerships to enhance its global chess community.
Financial Metric
2025 (€)
2024 (€)
Year-on-Year Change (€)
Year-on-Year Change (%)
Revenue from Continuing Operations
2,029,433
1,820,801
208,632
11%
Total Revenue (Including Discontinued Operations)
2,262,115
2,434,173
(172,058)
-7%
Loss Before Tax from Continuing Operations
2,685,342
2,822,879
137,537
-5%
Loss from Discontinued Operations (Net of Tax)
974,407
972,050
2,357
0.2%
Total Loss
3,659,941
3,795,146
135,205
-4%
Gross Profit
609,532
489,002
120,530
25%
Gross Profit Margin (%)
30%
27%
3%
11%
Administrative Expenses
3,274,230
3,289,653
(15,423)
-0.5%
Operating Loss from Continuing Operations
2,664,698
2,800,651
135,953
-5%
Net Cash Used in Operating Activities
2,491,890
2,356,219
135,671
6%
Net Debt
(9,215)
(2,739,286)
2,730,071
-99.7%
### Key Observations:
1. **Revenue from Continuing Operations** increased by 11% year-on-year, driven by growth in digital and media activities.
2. **Total Revenue** decreased by 7% due to the closure of the Berlin club, which was part of discontinued operations.
3. **Loss Before Tax from Continuing Operations** improved by 5%, reflecting cost discipline and targeted investment.
4. **Gross Profit Margin** improved from 27% to 30%, driven by a higher proportion of digital revenues.
5. **Net Debt** significantly improved, moving from a net debt position of €2.74 million in 2024 to a near net cash position in 2025, primarily due to equity funding.
Comptoir Group Plc, a UK-based restaurant operator specializing in Lebanese and Middle Eastern cuisine, reported its FY 2025 results for the 52-week period ending December 28, 2025. Key highlights include
**Revenue and Profitability** Group revenue slightly decreased to £33.0 million (from £34.6 million in 2024), but like-for-like (LFL) sales grew by 0.2%. Adjusted EBITDA improved to £1.1 million (from £0.8 million in 2024), while the IFRS loss after tax narrowed to £1.4 million (from £1.9 million in 2024).
**Operational Focus** The company prioritized operational improvements, menu enhancements, and value offerings to strengthen its customer proposition in a challenging trading environment.
**Site Operations** Comptoir owns and operates 20 sites, with an additional 6 franchise sites. During the year, two sites (Kenza and Comptoir Bluewater) were closed.
**Financial Position** Adjusted net cash decreased to £1.9 million (from £3.0 million in 2024) due to exceptional costs and historic liability settlements. The basic loss per share improved to (1.12) pence (from (1.58) pence in 2024).
**Strategic Initiatives** The company focused on driving covers through value offerings rather than price increases, which temporarily slowed LFL growth but is expected to yield long-term benefits. Cost management and operational efficiencies contributed to EBITDA growth.
**Franchise Expansion** Franchise operations showed strong performance, particularly the Milan site, which exceeded expectations. A new franchise agreement was signed for a Venice site opening in May 2026.
**Challenges and Outlook** The company faces ongoing macroeconomic challenges, including cost-of-living pressures and inflation. Despite these headwinds, Comptoir remains confident in its strategy, emphasizing sustainable growth and expansion for 2026 and beyond.
**Key Financial Metrics**
**Revenue** £33.0 million (2024: £34.6 million)
**Adjusted EBITDA** £1.1 million (2024: £0.8 million)
**IFRS Loss After Tax** £1.4 million (2024: £1.9 million)
**Adjusted Net Cash** £1.9 million (2024: £3.0 million)
**Basic Loss Per Share** (1.12) pence (2024: (1.58) pence)
**Strategic Focus**
**Value Proposition** Emphasis on value for money and customer experience to drive long-term loyalty.
**Operational Efficiency** Continued focus on cost management and operational improvements.
**Expansion** Modest expansion of both company-owned and franchise sites, with a new Shawa site planned for London in H2 2026.
**Challenges**
**Macroeconomic Environment** Cost-of-living pressures and inflation impacting consumer spending.
**Geopolitical Risks** Monitoring the situation in the Middle East for potential supply chain and consumer sentiment impacts.
**Outlook**
Comptoir Group remains focused on driving improvement and expansion, leveraging its operational enhancements and strengthened menu offerings to navigate challenges and achieve sustainable growth.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric
2024
2025
Change
Revenue (£'000)
34,619
32,998
(4.7%)
Gross Profit (£'000)
27,813
27,059
(2.7%)
Operating Loss (£'000)
(831)
(542)
34.8%
Loss for the Period (£'000)
(1,943)
(1,373)
29.3%
Adjusted EBITDA (£'000)
800
1,100
37.5%
Adjusted Net Cash (£'000)
3,000
1,900
(36.7%)
Total Debt (£'000)
1,000
450
(55.0%)
**Notes:** * The revenue decrease is mainly due to site closures and a focus on covers recovery rather than pricing.
* The improvement in adjusted EBITDA is a result of cost control measures and operational efficiencies.
* The decrease in adjusted net cash is primarily due to exceptional costs associated with site closures, restructuring, and settlement of historic liabilities.
* The reduction in total debt is due to repayments made during the year. This table provides a concise overview of the key financial metrics and debt position, highlighting the changes between 2024 and 2025.
Billington Holdings PLC, a UK-based structural steel and construction safety solutions specialist, reported its financial results for the year ended December 31, 2025. Despite challenging market conditions, the company demonstrated resilience with a revenue of £95.7 million, a decrease from £113.1 million in 2024, primarily due to a shift towards more complex projects with reduced steel content. Underlying profit before tax was £4.1 million, impacted by £2.8 million in non-underlying costs related to the closure of the Yate facility. Profit before tax was £1.3 million, and the company maintained a strong cash balance of £20.5 million, remaining debt-free. The company recommended a dividend of 11.0 pence per share, reflecting its commitment to shareholders while maintaining a robust balance sheet. Operationally, Billington focused on efficiency, consolidating its structural steel operations in Barnsley, and secured a healthy order book for 2026 and 2027, positioning itself for improved performance in the coming year.
Financial Metric
2024
2025
Change
Revenue (£m)
113.1
95.7
-15.4%
EBITDA (£m)
12.4
6.1
-50.8%
Underlying Profit Before Tax (£m)
10.8
4.1
-62.0%
Profit Before Tax (£m)
10.8
1.3
-87.9%
Profit for the Year (£m)
8.3
1.3
-84.3%
Cash and Cash Equivalents (£m)
21.7
20.5
-5.5%
Underlying Basic Earnings per Share (pence)
66.2
27.1
-59.1%
Basic Earnings per Share (pence)
66.2
10.4
-84.3%
Dividend per Share (pence)
25.0
11.0
-56.0%
Return on Capital Employed (ROCE)
36.9%
11.9%
-67.8%
Debt Status
Debt Free
Debt Free
No Change
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Gear4music (Holdings) PLC reports a strong full-year performance for FY26, exceeding market expectations with significantgrowth in revenue (+30% to £190.7m), EBITDA (+81% to at least £18.1m), and profit before tax (+506% to at least £9.7m). Key highlights include sustained growth in UK and European markets, improved gross margins (28.4%), reduced net bank debt (£5.0m), and successful technical developments like AI-based inventory forecasting and a website chatbot. The company also completed the lease for a new UK warehouse and remains confident in FY27 prospects, with trading in line with market expectations. Preliminary results for FY26 will be announced on June 23, 2026.
Metric
FY25 (£m)
FY26 (£m)
% Change
UK Sales
90.2
114.1
+26%
European and Rest of the World Sales
56.5
76.6
+36%
Total Sales
146.7
190.7
+30%
EBITDA
10.0
≥18.1
+81%*
Profit Before Tax (PBT)
1.6
≥9.7
+506%*
Net Bank Debt
6.4
5.0
-22%
*Note: Percentage changes for EBITDA and PBT are calculated based on the minimum values provided for FY26.
IXICO PLC reports stronggrowth in H1 2026, with revenues up 23% to £3.9 million, gross margin increasing to 53%, and order book rising 38% to £18.1 million. EBITDA loss narrowed to £0.5 million, reflecting strategic investments in growth. A £10 million capital raise supports the Tech Bio strategy to enhance the IXITM platforms integration with CROs and healthcare providers. Interim results will be released on May 19, 2026, with a live presentation for shareholders.
THG PLC reports strong Q1 2026 results with 7.0% revenuegrowth, the best Q1 performance since 2021. THG Beauty and THG Nutrition both saw growth, driven by strong US performance, UK market share gains, and expansion into higher-margin categories. Full-year guidance is reiterated, with confidence in continued market share gains and pricing strategies. Cash flow performance was the strongest in three years, supporting full-year free cash flow guidance. Despite geopolitical uncertainties, THG enters Q2 with momentum, building on a better-than-expected Q1.
Nichols PLC reports a positive start to FY26 with revenuegrowth of 4.3% to £41.0m in Q1, driven by strong performances in UK and International Packaged segments. UK Packaged revenues rose 3.8% to £22.1m, while International Packaged revenues increased 11.1% to £10.0m, led by West Africa. Out of Home revenues declined 3.3% to £8.7m due to strategic exits and focus on profitability. The Group maintains a strong balance sheet with net cash of £59.8m. Full-year guidance remains unchanged, with performance expected to be weighted towards H2 due to shipment timing. The company continues to monitor Middle East conflict impacts and has mitigation plans in place. New CFO Matthew Rothwell joins the Board, and the Group remains well-positioned for continued profitable growth.
System1 Group PLC reports steady FY26 revenue at £37m, with a strong H2 performance driven by 4% YoY growth, record 6-month revenue, and new client wins. Adjusted EBITDA declined to £3.6m due to investments and restructuring costs, but cost savings of £1m annually were achieved. Strategic progress included 19% innovation revenuegrowth, 7% US platform revenuegrowth, and partnerships with 48 of the top 100 global brands. FY27 outlook is positive, with expected revenue and profitgrowth, improved EBITDA margin (≥15%), and confidence in consensus forecasts. The company secured over 300 new platform clients, strengthened its AI partnership with BionicX, and closed its largest-ever US sales contract, positioning it for sustained growth.
ActiveOps PLC reports strong FY26 performance with 48% revenuegrowth to £45.0m, driven by new customer wins, expansion sales, and the Enlighten acquisition. Net Revenue Retention (NRR) increased to 119%, and organic Annual Recurring Revenue (ARR) grew 25% to £35.6m. Adjusted EBITDA rose to £4.2m, and period-end cash stood at £23.6m. The company strengthened its balance sheet post-period with a £7.4m trademark sale. Despite a contract termination from an Enlighten customer, the acquisition remains accretive. ActiveOps plans to announce FY26 results on July 2, 2026, and remains confident in its growth strategy, supported by product innovation and expanded sales capabilities.
CAB Payments Holdings PLC reported strong Q1 2026 income performance, with total income up 35% YoY to £34 million and total income (excluding net interest income) up 60% YoY to £26 million. This growth reflects strategic execution, business mix shifts, and improved margins. Client activity increased, with FX volumes up 5% YoY and emerging market volumes up 15% YoY. The company added 13 new clients and expanded its partner network. Net interest income was only 10% lower YoY despite interest rate reductions. Strategic progress included new partnerships, office activations, and client transactions. Medium-term guidance remains unchanged, with expected high-teens to low-20s percentage CAGR in total income (excluding net interest income) over the next three years.
Accsys Technologies PLC reports strong FY26 performance, with record Accoya sales volumes and significant strategic progress. Key highlights include
**Revenue Growth**Group revenue increased by 20% like-for-like to €153m, driven by robust demand for Accoya products, particularly Accoya Color.
**Sales Volumes**Total sales volumes (Group + JV) rose by 21% to 77,237m³, with notable growth in North America (60%), UK&I (12%), Rest of Europe (23%), and Rest of World (9%).
**North America Performance**Accoya USA joint venture saw significant sales volume growth of 60%, capturing market opportunities and mitigating tariff impacts.
**Profitability**Adjusted EBITDA is expected to align with market consensus of €21.0 million.
**Deleveraging**Net debtreduced to €41.4m, reflecting disciplined capital allocation.
**Strategic Progress**Continued execution of the FOCUS strategy, strengthening market position and resilience for sustainable long-term growth.
Full-year results will be announced on 16 June 2026.
Capital Limited reports a record Q1 2026 revenue of $101.7 million, up 41.6% YoY, driven by strong performance across drilling, mining, and MSALABS segments. Key highlights include a 2,900% surge in mining revenue, new contract wins, and increased laboratory utilization. Despite geopolitical tensions impacting logistics and investments, the company reaffirms its 2026 revenue guidance of $410–$440 million, supported by ramping contracts, full mining run rates, and new laboratory commissioning.
IntegraFin Holdings plc (IHP) reported strong Q2 FY26 performance, with net inflows to the Transact platform reaching £1.3bn, up 8% year-on-year, and record gross inflows of £3.1bn, up 15%. Funds under direction (FUD) increased 18% to £77.8bn, driven by net inflows and market recovery. Total Group revenue is expected to rise 11% to £85.8m in H1 FY26. IHP highlighted cost management initiatives, AI integration, and sustained adviser platform market share growth. Despite global market volatility, diversified client investments mitigated impact, positioning the Group for accelerated profitgrowth and margin enhancement.
THG PLC reports strong Q1 2026 results with 7.0% revenuegrowth, the best Q1 performance since 2021. THG Beauty and THG Nutrition both saw growth, driven by strong US performance, UK market share gains, and expansion into higher-margin categories. Full-year guidance is reiterated, with confidence in continued market share gains and pricing strategies. Cash flow performance was the strongest in three years, supporting full-year free cash flow guidance. Despite geopolitical uncertainties, THG enters Q2 with momentum, building on a better-than-expected Q1.
Galliford Try Holdings PLC has been appointed to a £750 million affordable homes framework by Sovereign Network Group, aimed at delivering over 2,000 homes annually across southern England. The company will operate in mid and high-value bands across London, East, and South regions, and the high-value band in the West region. This appointment follows recent successes with Hyde Group and Clarion Housing Group, reinforcing Galliford Trys position in the affordable housing sector.
Galliford Try Holdings PLC has been appointed to a £750 million affordable homes framework by Sovereign Network Group, aimed at delivering over 2,000 homes annually across southern England. The company will operate in mid and high-value bands across London, East, and South regions, and the high-value band in the West region. This appointment follows recent successes with Hyde Group and Clarion Housing Group, reinforcing Galliford Trys position in the affordable housing sector.
Alternative Income REIT plc (AIRE) announced that it has terminated discussions with AEW UK REIT plc regarding a possible all-share offer for the company. AIREs board unanimously decided not to extend the PUSU deadline, citing confidence in the companys standalone ability to generate secure income and maintain capital values through investments in UK properties within alternative and specialist sectors. AIRE remains on track to deliver its target annual dividend of 5.6 pence per share for the financial year ending June 30, 2026, with rent collection fully covering the dividend. The portfolio valuation showed a minor decline of £50,000 to £103.45 million in Q1 2026, and the company is well-positioned for the future following debt refinancing with HSBC UK Bank plc. The announcement was made without AEWs consent, and AIRE confirmed compliance with regulatory requirements.
Alternative Income REIT plc (AIRE) announced that it has terminated discussions with AEW UK REIT plc regarding a possible all-share offer for the company. AIREs board unanimously decided not to extend the PUSU deadline, citing confidence in the companys standalone ability to generate secure income and maintain capital values through investments in UK properties within alternative and specialist sectors. AIRE remains on track to deliver its target annual dividend of 5.6 pence per share for the financial year ending June 30, 2026, with rent collection fully covering the dividend. The portfolio valuation showed a minor decline of £50,000 to £103.45 million in Q1 2026, and the company is well-positioned for the future following debt refinancing with HSBC UK Bank plc. The announcement was made without AEWs consent, and AIRE confirmed compliance with regulatory requirements.
Mears Group PLC has been awarded a £200 million contract by Moat Homes for responsive, void maintenance, and planned works across 20,000 homes in the South-East of England over an initial 10-year term, with an option to extend for five more years. This long-term partnership follows Mears successful interim service delivery since 2024 and reinforces the companys growth strategy in the housing sector.
Mears Group PLC has been awarded a £200 million contract by Moat Homes for responsive, void maintenance, and planned works across 20,000 homes in the South-East of England over an initial 10-year term, with an option to extend for five more years. This long-term partnership follows Mears successful interim service delivery since 2024 and reinforces the companys growth strategy in the housing sector.
System1 Group PLC announces a Relationship Agreement with Brave Bison, following Brave Bisons acquisition of a 27.85% stake in System1. The agreement allows Brave Bison to appoint an observer to System1s board meetings, subject to approval, while ensuring System1s independent operation and compliance with legal and regulatory obligations. The agreement includes provisions for arms length transactions, information sharing, and confidentiality, and will terminate if Brave Bisons stake falls below 17.5%. Both companies express commitment to a constructive and transparent relationship.
System1 Group PLC announces a Relationship Agreement with Brave Bison, following Brave Bisons acquisition of a 27.85% stake in System1. The agreement allows Brave Bison to appoint an observer to System1s board meetings, subject to approval, while ensuring System1s independent operation and compliance with legal and regulatory obligations. The agreement includes provisions for arms length transactions, information sharing, and confidentiality, and will terminate if Brave Bisons stake falls below 17.5%. Both companies express commitment to a constructive and transparent relationship.
Supreme PLC announces a new five-year exclusive licensing agreement with Carabao, a leading energy drink brand, to manufacture and distribute Carabaos energy and isotonic drinks in the UK. This partnership leverages Supremes manufacturing, innovation, and distribution strengths to accelerate Carabaos growth in the UK market, supported by its strong brand identity and retail presence. The collaboration aims to enhance retail partnerships, drive category growth, and deliver innovative products, with both companies expressing confidence in the strategic fit and growth potential.
Supreme PLC announces a new five-year exclusive licensing agreement with Carabao, a leading energy drink brand, to manufacture and distribute Carabaos energy and isotonic drinks in the UK. This partnership leverages Supremes manufacturing, innovation, and distribution strengths to accelerate Carabaos growth in the UK market, supported by its strong brand identity and retail presence. The collaboration aims to enhance retail partnerships, drive category growth, and deliver innovative products, with both companies expressing confidence in the strategic fit and growth potential.
Rio Tintos first quarter 2026 production results show a 9% year-over-year increase in copper equivalent (CuEq) production, driven by strong performance across its portfolio. Key highlights include:
- Copper production rose 9% YoY, supported by the ramp-up of the Oyu Tolgoi mine and progress at Resolution Copper.
- Iron ore production in the Pilbara was the second highest Q1 since 2018, up 13% YoY, despite cyclone impacts on shipments.
- Aluminium production demonstrated resilience despite weather disruptions, with the integrated business offsetting challenges.
- Lithium production was lower YoY due to the care and maintenance status of Mt Cattlin, but expansion projects remain on track.
- Safety remains a priority, with tragic fatalities leading to operational shutdowns and reviews.
- The company achieved $650m in annualized productivity benefits as planned, with further improvements underway.
- Guidance for 2026 remains unchanged across commodities.
Overall, Rio Tinto delivered strong operational performance in Q1 2026, growing production across most commodities while advancing key growth projects. The company continues to focus on safety, productivity, and supply chain resilience.
Rio Tintos first quarter 2026 production results show a 9% year-over-year increase in copper equivalent (CuEq) production, driven by strong performance across its portfolio. Key highlights include
Copper production rose 9% YoY, supported by the ramp-up of the Oyu Tolgoi mine and progress at Resolution Copper.
Iron ore production in the Pilbara was the second highest Q1 since 2018, up 13% YoY, despite cyclone impacts on shipments.
Aluminium production demonstrated resilience despite weather disruptions, with the integrated business offsetting challenges.
Lithium production was lower YoY due to the care and maintenance status of Mt Cattlin, but expansion projects remain on track.
Safety remains a priority, with tragic fatalities leading to operational shutdowns and reviews.
The company achieved $650m in annualized productivity benefits as planned, with further improvements underway.
Guidance for 2026 remains unchanged across commodities.
Overall, Rio Tinto delivered strong operational performance in Q1 2026, growing production across most commodities while advancing key growth projects. The company continues to focus on safety, productivity, and supply chain resilience.
**Summary:**
Mpac Group PLC, a global packaging and automation solutions provider, reported its full-year results for 2025, which were in line with market expectations. The company faced macroeconomic challenges, including customer investment deferrals, but took decisive actions to reduce operating costs and focus on cash management. Key financial highlights include a 42% increase in revenue to £174.1 million, a 51% rise in underlying operating profit to £18.1 million, and a 26% growth in order intake to £150.9 million. Despite a 24% decline in the closing order book to £90.0 million, the company stabilized its order book in the second half of the year. Operationally, Mpac integrated acquisitions (CSi and BCA), improved margins through restructuring, and strengthened its board. The company remains focused on managing net debt and is well-positioned for sustainable long-term growth, despite near-term uncertainties.
**Summary**
Mpac Group PLC, a global packaging and automation solutions provider, reported its full-year results for 2025, which were in line with market expectations. The company faced macroeconomic challenges, including customer investment deferrals, but took decisive actions to reduce operating costs and focus on cash management. Key financial highlights include a 42% increase in revenue to £174.1 million, a 51% rise in underlying operating profit to £18.1 million, and a 26% growth in order intake to £150.9 million. Despite a 24% decline in the closing order book to £90.0 million, the company stabilized its order book in the second half of the year. Operationally, Mpac integrated acquisitions (CSi and BCA), improved margins through restructuring, and strengthened its board. The company remains focused on managing net debt and is well-positioned for sustainable long-term growth, despite near-term uncertainties.
Gear4music (Holdings) PLC reports a strong full-year performance for FY26, exceeding market expectations with significant growth in revenue (+30% to £190.7m), EBITDA (+81% to at least £18.1m), and profit before tax (+506% to at least £9.7m). Key highlights include sustained growth in UK and European markets, improved gross margins (28.4%), reduced net bank debt (£5.0m), and successful technical developments like AI-based inventory forecasting and a website chatbot. The company also completed the lease for a new UK warehouse and remains confident in FY27 prospects, with trading in line with market expectations. Preliminary results for FY26 will be announced on June 23, 2026.
Gear4music (Holdings) PLC reports a strong full-year performance for FY26, exceeding market expectations with significantgrowth in revenue (+30% to £190.7m), EBITDA (+81% to at least £18.1m), and profit before tax (+506% to at least £9.7m). Key highlights include sustained growth in UK and European markets, improved gross margins (28.4%), reduced net bank debt (£5.0m), and successful technical developments like AI-based inventory forecasting and a website chatbot. The company also completed the lease for a new UK warehouse and remains confident in FY27 prospects, with trading in line with market expectations. Preliminary results for FY26 will be announced on June 23, 2026.
Metric
FY25 (£m)
FY26 (£m)
% Change
UK Sales
90.2
114.1
+26%
European and Rest of the World Sales
56.5
76.6
+36%
Total Sales
146.7
190.7
+30%
EBITDA
10.0
≥18.1
+81%*
Profit Before Tax (PBT)
1.6
≥9.7
+506%*
Net Bank Debt
6.4
5.0
-22%
*Note: Percentage changes for EBITDA and PBT are calculated based on the minimum values provided for FY26.
**Summary:**
Facilities by ADF plc, a leading provider of premium serviced production facilities to the UK film and high-end television (HETV) industry, reported its final results for the year ended 31 December 2025. The company experienced a 17% increase in group revenue to £41.3 million, driven by the full-year contribution from Autotrak and improved performance in the second half of the year. Adjusted EBITDA rose to £9.2 million, with a margin expansion to 22%, attributed to enhanced efficiencies and Autotraks contribution. Net debt decreased to £12.3 million, reflecting disciplined cash and capital management.
Operationally, the company supported 311 productions, a 5% increase, with notable projects including *Black Doves*, *Ted Lasso*, and *The Witcher*. Autotrak, acquired in 2024, contributed £9.3 million in revenue, diversifying the customer base across construction, events, and infrastructure markets. Non-film and HETV revenue increased by 96% to £3.9 million. The companys Net Promoter Score improved to 89, indicating strong customer satisfaction.
Strategically, ADF secured a £5.0 million Revolving Credit Facility post-year-end to support growth and paid an interim dividend of 0.3 pence per share. The company appointed Nicola Pearcey as CEO and Will Worsdell as CFO, strengthening its leadership team. The outlook for FY26 is positive, with Q1 trading in line with expectations and a healthy pipeline across all businesses. The UKs strong global investment in film and HETV, coupled with ADFs strategic focus on customer-centric growth and diversification, positions the company well for future success.
**Summary**
Facilities by ADF plc, a leading provider of premium serviced production facilities to the UK film and high-end television (HETV) industry, reported its final results for the year ended 31 December 2025. The company experienced a 17% increase in group revenue to £41.3 million, driven by the full-year contribution from Autotrak and improved performance in the second half of the year. Adjusted EBITDA rose to £9.2 million, with a marginexpansion to 22%, attributed to enhanced efficiencies and Autotraks contribution. Net debtdecreased to £12.3 million, reflecting disciplined cash and capital management.
Operationally, the company supported 311 productions, a 5% increase, with notable projects including *Black Doves*, *Ted Lasso*, and *The Witcher*. Autotrak, acquired in 2024, contributed £9.3 million in revenue, diversifying the customer base across construction, events, and infrastructure markets. Non-film and HETV revenue increased by 96% to £3.9 million. The companys Net Promoter Score improved to 89, indicating strong customer satisfaction.
Strategically, ADF secured a £5.0 million Revolving Credit Facility post-year-end to support growth and paid an interim dividend of 0.3 pence per share. The company appointed Nicola Pearcey as CEO and Will Worsdell as CFO, strengthening its leadership team. The outlook for FY26 is positive, with Q1 trading in line with expectations and a healthy pipeline across all businesses. The UKs strong global investment in film and HETV, coupled with ADFs strategic focus on customer-centric growth and diversification, positions the company well for future success.
IXICO PLC reports strong growth in H1 2026, with revenues up 23% to £3.9 million, gross margin increasing to 53%, and order book rising 38% to £18.1 million. EBITDA loss narrowed to £0.5 million, reflecting strategic investments in growth. A £10 million capital raise supports the Tech Bio strategy to enhance the IXITM platforms integration with CROs and healthcare providers. Interim results will be released on May 19, 2026, with a live presentation for shareholders.
IXICO PLC reports stronggrowth in H1 2026, with revenues up 23% to £3.9 million, gross margin increasing to 53%, and order book rising 38% to £18.1 million. EBITDA loss narrowed to £0.5 million, reflecting strategic investments in growth. A £10 million capital raise supports the Tech Bio strategy to enhance the IXITM platforms integration with CROs and healthcare providers. Interim results will be released on May 19, 2026, with a live presentation for shareholders.
THG PLC reports strong Q1 2026 results with 7.0% revenue growth, the best Q1 performance since 2021. THG Beauty and THG Nutrition both saw growth, driven by strong US performance, UK market share gains, and expansion into higher-margin categories. Full-year guidance is reiterated, with confidence in continued market share gains and pricing strategies. Cash flow performance was the strongest in three years, supporting full-year free cash flow guidance. Despite geopolitical uncertainties, THG enters Q2 with momentum, building on a better-than-expected Q1.
THG PLC reports strong Q1 2026 results with 7.0% revenuegrowth, the best Q1 performance since 2021. THG Beauty and THG Nutrition both saw growth, driven by strong US performance, UK market share gains, and expansion into higher-margin categories. Full-year guidance is reiterated, with confidence in continued market share gains and pricing strategies. Cash flow performance was the strongest in three years, supporting full-year free cash flow guidance. Despite geopolitical uncertainties, THG enters Q2 with momentum, building on a better-than-expected Q1.
Nichols PLC reports a positive start to FY26 with revenue growth of 4.3% to £41.0m in Q1, driven by strong performances in UK and International Packaged segments. UK Packaged revenues rose 3.8% to £22.1m, while International Packaged revenues increased 11.1% to £10.0m, led by West Africa. Out of Home revenues declined 3.3% to £8.7m due to strategic exits and focus on profitability. The Group maintains a strong balance sheet with net cash of £59.8m. Full-year guidance remains unchanged, with performance expected to be weighted towards H2 due to shipment timing. The company continues to monitor Middle East conflict impacts and has mitigation plans in place. New CFO Matthew Rothwell joins the Board, and the Group remains well-positioned for continued profitable growth.
Nichols PLC reports a positive start to FY26 with revenuegrowth of 4.3% to £41.0m in Q1, driven by strong performances in UK and International Packaged segments. UK Packaged revenues rose 3.8% to £22.1m, while International Packaged revenues increased 11.1% to £10.0m, led by West Africa. Out of Home revenues declined 3.3% to £8.7m due to strategic exits and focus on profitability. The Group maintains a strong balance sheet with net cash of £59.8m. Full-year guidance remains unchanged, with performance expected to be weighted towards H2 due to shipment timing. The company continues to monitor Middle East conflict impacts and has mitigation plans in place. New CFO Matthew Rothwell joins the Board, and the Group remains well-positioned for continued profitable growth.
**Summary:**
Checkit PLC, an automated monitoring and operational intelligence platform, reported its final results for the year ended 31 January 2026 (FY26). Key highlights include:
1. **Financial Performance:**
- Achieved Adjusted EBITDA profitability of £0.3 million, a significant improvement from a £2.3 million loss in FY25.
- Annual Recurring Revenue (ARR) was £14.3 million, a 1% reduction but up 2% at constant currency. Underlying ARR growth was 5%, excluding a single large US customer reduction.
- Net cash position of £3.0 million at year-end, reflecting a cash-generative second half.
2. **Operational Efficiency:**
- Completed a £4 million cost-saving program, reducing the cost base.
- Maintained high-quality revenue, with recurring revenue representing 96% of total revenue.
- Launched a redesigned user interface and improved user experience, leveraging AI for faster delivery and enhanced customer engagement.
3. **Strategic Developments:**
- The Board initiated a Formal Sale Process on 26 March 2026, seeking offers for the Group. This decision was driven by the belief that private ownership could unlock substantial profitable growth through cost normalization, operational leverage, and strategic synergies.
- Planned strategic retirement of a legacy product in FY27 to unify the platform and launch a next-generation solution, doubling penetration potential and clearing the path for aggressive customer expansion.
4. **Outlook:**
- Focus on long-term scalability, profitability, and strategic clarity.
- Prioritize enterprise deployments, expand Asset Intelligence capabilities, and pursue selective inorganic opportunities.
- Increased focus on the US market, the largest and most scalable addressable market, to drive enterprise engagement and account expansion.
Checkit’s FY26 results reflect a structural reset, improved financial discipline, and positioning for future growth, despite challenges in the broader technology landscape. The Formal Sale Process underscores the Board’s commitment to maximizing shareholder value.
**Summary**
Checkit PLC, an automated monitoring and operational intelligence platform, reported its final results for the year ended 31 January 2026 (FY26). Key highlights include
1. **Financial Performance**
Achieved Adjusted EBITDA profitability of £0.3 million, a significant improvement from a £2.3 million loss in FY25.
Annual Recurring Revenue (ARR) was £14.3 million, a 1% reduction but up 2% at constant currency. Underlying ARR growth was 5%, excluding a single large US customer reduction.
Net cash position of £3.0 million at year-end, reflecting a cash-generative second half.
2. **Operational Efficiency**
Completed a £4 million cost-saving program, reducing the cost base.
Maintained high-quality revenue, with recurring revenue representing 96% of total revenue.
Launched a redesigned user interface and improved user experience, leveraging AI for faster delivery and enhanced customer engagement.
3. **Strategic Developments**
The Board initiated a Formal Sale Process on 26 March 2026, seeking offers for the Group. This decision was driven by the belief that private ownership could unlock substantial profitable growth through cost normalization, operational leverage, and strategic synergies.
Planned strategic retirement of a legacy product in FY27 to unify the platform and launch a next-generation solution, doubling penetration potential and clearing the path for aggressive customer expansion.
4. **Outlook**
Focus on long-term scalabilityprofitabilityand strategic clarity.
Increased focus on the US market, the largest and most scalable addressable market, to drive enterprise engagement and account expansion.
Checkit’s FY26 results reflect a structural reset, improved financial discipline, and positioning for future growth, despite challenges in the broader technology landscape. The Formal Sale Process underscores the Board’s commitment to maximizing shareholder value.
Financial Metric
FY25 (£m)
FY26 (£m)
Change (£m)
Change (%)
Revenue
14.1
13.7
-0.4
-2%
Recurring Revenue
13.1
13.2
0.1
1%
Adjusted EBITDA
(2.3)
0.3
2.6
113%
Net Cash
2.7
3.0
0.3
11%
Operating Costs
14.5
11.6
-2.9
-20%
Non-recurring or Special Items
0.5
1.1
0.6
120%
Cash and Cash Equivalents
5.1
3.0
-2.1
-41%
### Key Observations:
1. **Revenue**: Decreased by 2% year-on-year, primarily due to a reduction in non-recurring revenue. 2. **Recurring Revenue**: Increased slightly by 1%, with underlying growth of 5% excluding a single large US customer reduction. 3. **Adjusted EBITDA**: Turned profitable, improving by 113% to £0.3m, ahead of expectations. 4. **Net Cash**: Increased by 11% to £3.0m, reflecting a cash-generative second half. 5. **Operating Costs**: Reduced by 20% due to a £4m cost-saving program. 6. **Non-recurring or Special Items**: Increased significantly due to restructuring and transaction costs. 7. **Cash and Cash Equivalents**: Decreased by 41% to £3.0m, primarily due to restructuring costs and pre-restructuring cash outflows.
System1 Group PLC reports steady FY26 revenue at £37m, with a strong H2 performance driven by 4% YoY growth, record 6-month revenue, and new client wins. Adjusted EBITDA declined to £3.6m due to investments and restructuring costs, but cost savings of £1m annually were achieved. Strategic progress included 19% innovation revenue growth, 7% US platform revenue growth, and partnerships with 48 of the top 100 global brands. FY27 outlook is positive, with expected revenue and profit growth, improved EBITDA margin (≥15%), and confidence in consensus forecasts. The company secured over 300 new platform clients, strengthened its AI partnership with BionicX, and closed its largest-ever US sales contract, positioning it for sustained growth.
System1 Group PLC reports steady FY26 revenue at £37m, with a strong H2 performance driven by 4% YoY growth, record 6-month revenue, and new client wins. Adjusted EBITDA declined to £3.6m due to investments and restructuring costs, but cost savings of £1m annually were achieved. Strategic progress included 19% innovation revenuegrowth, 7% US platform revenuegrowth, and partnerships with 48 of the top 100 global brands. FY27 outlook is positive, with expected revenue and profitgrowth, improved EBITDA margin (≥15%), and confidence in consensus forecasts. The company secured over 300 new platform clients, strengthened its AI partnership with BionicX, and closed its largest-ever US sales contract, positioning it for sustained growth.
ActiveOps PLC reports strong FY26 performance with 48% revenue growth to £45.0m, driven by new customer wins, expansion sales, and the Enlighten acquisition. Net Revenue Retention (NRR) increased to 119%, and organic Annual Recurring Revenue (ARR) grew 25% to £35.6m. Adjusted EBITDA rose to £4.2m, and period-end cash stood at £23.6m. The company strengthened its balance sheet post-period with a £7.4m trademark sale. Despite a contract termination from an Enlighten customer, the acquisition remains accretive. ActiveOps plans to announce FY26 results on July 2, 2026, and remains confident in its growth strategy, supported by product innovation and expanded sales capabilities.
ActiveOps PLC reports strong FY26 performance with 48% revenuegrowth to £45.0m, driven by new customer wins, expansion sales, and the Enlighten acquisition. Net Revenue Retention (NRR) increased to 119%, and organic Annual Recurring Revenue (ARR) grew 25% to £35.6m. Adjusted EBITDA rose to £4.2m, and period-end cash stood at £23.6m. The company strengthened its balance sheet post-period with a £7.4m trademark sale. Despite a contract termination from an Enlighten customer, the acquisition remains accretive. ActiveOps plans to announce FY26 results on July 2, 2026, and remains confident in its growth strategy, supported by product innovation and expanded sales capabilities.
British Land Company PLC reports strong FY26 performance, driven by market-leading positions in campuses and retail parks. Key highlights include:
* **Strong leasing momentum**: 6% like-for-like net rental growth, with 12% growth in campuses and 2% in retail parks.
* **Earnings growth**: Underlying EPS of 28.9p, ahead of guidance, with upgraded FY27 guidance to at least 30.5p.
* **Portfolio performance**: 95% occupancy in campuses and 99% in retail parks, with ERV growth of 4.9%.
* **Acquisition**: Completed acquisition of Life Science REIT, expected to be earnings accretive.
* **Outlook**: Reiterated 3-6% p.a. EPS growth and 3-5% p.a. ERV growth expectations.
British Land Company PLC reports strong FY26 performance, driven by market-leading positions in campuses and retail parks. Key highlights include
* **Strong leasing momentum**6% like-for-like net rental growth, with 12% growth in campuses and 2% in retail parks.
* **Earnings growth**Underlying EPS of 28.9p, ahead of guidance, with upgraded FY27 guidance to at least 30.5p.
* **Portfolio performance**95% occupancy in campuses and 99% in retail parks, with ERV growth of 4.9%.
* **Acquisition**Completed acquisition of Life Science REIT, expected to be earnings accretive.
Gresham House Energy Storage Fund (GRID) reported strong full-year results for 2025, highlighting significant growth in operational capacity, cash generation, and NAV per share. Key achievements include:
* **Increased operational capacity:** 1,072MW / 1,701MWh, up from 845MW/1,207MWh in 2024.
* **Revenue and EBITDA growth:** Unaudited operational portfolio revenues rose 29.9% to £60.4mn, and EBITDA increased 33.4% to £38.8mn.
* **Progress on Three-year Plan:** Completed augmentations of 330MWh across 7 projects, with 350MWh more underway in 2026.
* **Alternative Revenue strategy:** Formal trials showed promising results, exceeding expectations and doubling existing revenues on trial capacity.
* **Funding secured:** £220mn amortizing debt facility closed, and equity funding secured for project augmentation.
Despite delays in connection dates due to NESOs Queue Reform Process, GRID remains confident in its growth trajectory, targeting further capacity expansion, revenue growth, and NAV per share increase in 2026. The company is well-positioned to capitalize on the growing demand for battery energy storage systems in the UK, driven by the need to reduce dependence on imported fossil fuels and support renewable energy integration.
Gresham House Energy Storage Fund (GRID) reported strong full-year results for 2025, highlighting significantgrowth in operational capacity, cash generation, and NAV per share. Key achievements include
* **Increased operational capacity** 1,072MW / 1,701MWh, up from 845MW/1,207MWh in 2024.
* **Revenue and EBITDA growth** Unaudited operational portfolio revenues rose 29.9% to £60.4mn, and EBITDA increased 33.4% to £38.8mn.
* **Progress on Three-year Plan** Completed augmentations of 330MWh across 7 projects, with 350MWh more underway in 2026.
* **Alternative Revenue strategy** Formal trials showed promising results, exceeding expectations and doubling existing revenues on trial capacity.
* **Funding secured** £220mn amortizing debt facility closed, and equity funding secured for project augmentation.
Despite delays in connection dates due to NESOs Queue Reform Process, GRID remains confident in its growth trajectory, targeting further capacity expansion, revenuegrowth, and NAV per share increase in 2026. The company is well-positioned to capitalize on the growing demand for battery energy storage systems in the UK, driven by the need to reduce dependence on imported fossil fuels and support renewable energy integration.
**Summary:**
World Chess PLC, a London-listed chess organization, reported its financial results for the year ended December 31, 2025. Key highlights include:
- **Revenue Growth:** Revenue from continuing operations increased by 11% to €2,029,433, driven by digital and media activities. The World Chess Online Arena saw a 25% revenue increase to €863,751.
- **User Growth:** The platform exceeded one million registered users, with India representing 33% of paid subscribers and 25% of total users.
- **Product Development:** Launched "The Tower," a player progression system, rebuilt the mobile app, and appointed a Head of Mobile Design.
- **Partnerships:** Extended partnership with Algorand Foundation and added TipRanks as a commercial partner.
- **Strategic Shift:** Closed the Berlin Chess Club, focusing on digital revenue streams and online subscriber growth.
- **Financial Performance:** Loss before tax from continuing operations narrowed to €2,685,342, reflecting cost discipline and targeted investment.
- **Capital Raising:** Secured investment from strategic partners, strengthening the capital base.
- **Governance:** Maintained focus on governance, liquidity, and risk management.
- **Future Outlook:** The company aims to scale its user base, offer new ways to enjoy chess, and expand into club and federation technology tools.
Despite challenges, World Chess PLC is positioned for growth, leveraging its digital platform and strategic partnerships to enhance its global chess community.
**Summary**
World Chess PLC, a London-listed chess organization, reported its financial results for the year ended December 31, 2025. Key highlights include
**Revenue Growth** Revenue from continuing operations increased by 11% to €2,029,433, driven by digital and media activities. The World Chess Online Arena saw a 25% revenue increase to €863,751.
**User Growth** The platform exceeded one million registered users, with India representing 33% of paid subscribers and 25% of total users.
**Product Development** Launched "The Tower," a player progression system, rebuilt the mobile app, and appointed a Head of Mobile Design.
**Partnerships** Extended partnership with Algorand Foundation and added TipRanks as a commercial partner.
**Strategic Shift** Closed the Berlin Chess Club, focusing on digital revenue streams and online subscriber growth.
**Financial Performance** Loss before tax from continuing operations narrowed to €2,685,342, reflecting cost discipline and targeted investment.
**Capital Raising** Secured investment from strategic partners, strengthening the capital base.
**Governance** Maintained focus on governance, liquidity, and risk management.
**Future Outlook** The company aims to scale its user base, offer new ways to enjoy chess, and expand into club and federation technology tools.
Despite challenges, World Chess PLC is positioned for growth, leveraging its digital platform and strategic partnerships to enhance its global chess community.
Financial Metric
2025 (€)
2024 (€)
Year-on-Year Change (€)
Year-on-Year Change (%)
Revenue from Continuing Operations
2,029,433
1,820,801
208,632
11%
Total Revenue (Including Discontinued Operations)
2,262,115
2,434,173
(172,058)
-7%
Loss Before Tax from Continuing Operations
2,685,342
2,822,879
137,537
-5%
Loss from Discontinued Operations (Net of Tax)
974,407
972,050
2,357
0.2%
Total Loss
3,659,941
3,795,146
135,205
-4%
Gross Profit
609,532
489,002
120,530
25%
Gross Profit Margin (%)
30%
27%
3%
11%
Administrative Expenses
3,274,230
3,289,653
(15,423)
-0.5%
Operating Loss from Continuing Operations
2,664,698
2,800,651
135,953
-5%
Net Cash Used in Operating Activities
2,491,890
2,356,219
135,671
6%
Net Debt
(9,215)
(2,739,286)
2,730,071
-99.7%
### Key Observations:
1. **Revenue from Continuing Operations** increased by 11% year-on-year, driven by growth in digital and media activities.
2. **Total Revenue** decreased by 7% due to the closure of the Berlin club, which was part of discontinued operations.
3. **Loss Before Tax from Continuing Operations** improved by 5%, reflecting cost discipline and targeted investment.
4. **Gross Profit Margin** improved from 27% to 30%, driven by a higher proportion of digital revenues.
5. **Net Debt** significantly improved, moving from a net debt position of €2.74 million in 2024 to a near net cash position in 2025, primarily due to equity funding.
CAB Payments Holdings PLC reported strong Q1 2026 income performance, with total income up 35% YoY to £34 million and total income (excluding net interest income) up 60% YoY to £26 million. This growth reflects strategic execution, business mix shifts, and improved margins. Client activity increased, with FX volumes up 5% YoY and emerging market volumes up 15% YoY. The company added 13 new clients and expanded its partner network. Net interest income was only 10% lower YoY despite interest rate reductions. Strategic progress included new partnerships, office activations, and client transactions. Medium-term guidance remains unchanged, with expected high-teens to low-20s percentage CAGR in total income (excluding net interest income) over the next three years.
CAB Payments Holdings PLC reported strong Q1 2026 income performance, with total income up 35% YoY to £34 million and total income (excluding net interest income) up 60% YoY to £26 million. This growth reflects strategic execution, business mix shifts, and improved margins. Client activity increased, with FX volumes up 5% YoY and emerging market volumes up 15% YoY. The company added 13 new clients and expanded its partner network. Net interest income was only 10% lower YoY despite interest rate reductions. Strategic progress included new partnerships, office activations, and client transactions. Medium-term guidance remains unchanged, with expected high-teens to low-20s percentage CAGR in total income (excluding net interest income) over the next three years.
Accsys Technologies PLC reports strong FY26 performance, with record Accoya sales volumes and significant strategic progress. Key highlights include:
- **Revenue Growth**: Group revenue increased by 20% like-for-like to €153m, driven by robust demand for Accoya products, particularly Accoya Color.
- **Sales Volumes**: Total sales volumes (Group + JV) rose by 21% to 77,237m³, with notable growth in North America (60%), UK&I (12%), Rest of Europe (23%), and Rest of World (9%).
- **North America Performance**: Accoya USA joint venture saw significant sales volume growth of 60%, capturing market opportunities and mitigating tariff impacts.
- **Profitability**: Adjusted EBITDA is expected to align with market consensus of €21.0 million.
- **Deleveraging**: Net debt reduced to €41.4m, reflecting disciplined capital allocation.
- **Strategic Progress**: Continued execution of the FOCUS strategy, strengthening market position and resilience for sustainable long-term growth.
Full-year results will be announced on 16 June 2026.
Accsys Technologies PLC reports strong FY26 performance, with record Accoya sales volumes and significant strategic progress. Key highlights include
**Revenue Growth**Group revenue increased by 20% like-for-like to €153m, driven by robust demand for Accoya products, particularly Accoya Color.
**Sales Volumes**Total sales volumes (Group + JV) rose by 21% to 77,237m³, with notable growth in North America (60%), UK&I (12%), Rest of Europe (23%), and Rest of World (9%).
**North America Performance**Accoya USA joint venture saw significant sales volume growth of 60%, capturing market opportunities and mitigating tariff impacts.
**Profitability**Adjusted EBITDA is expected to align with market consensus of €21.0 million.
**Deleveraging**Net debtreduced to €41.4m, reflecting disciplined capital allocation.
**Strategic Progress**Continued execution of the FOCUS strategy, strengthening market position and resilience for sustainable long-term growth.
Full-year results will be announced on 16 June 2026.
Capital Limited reports a record Q1 2026 revenue of $101.7 million, up 41.6% YoY, driven by strong performance across drilling, mining, and MSALABS segments. Key highlights include a 2,900% surge in mining revenue, new contract wins, and increased laboratory utilization. Despite geopolitical tensions impacting logistics and investments, the company reaffirms its 2026 revenue guidance of $410–$440 million, supported by ramping contracts, full mining run rates, and new laboratory commissioning.
Capital Limited reports a record Q1 2026 revenue of $101.7 million, up 41.6% YoY, driven by strong performance across drilling, mining, and MSALABS segments. Key highlights include a 2,900% surge in mining revenue, new contract wins, and increased laboratory utilization. Despite geopolitical tensions impacting logistics and investments, the company reaffirms its 2026 revenue guidance of $410–$440 million, supported by ramping contracts, full mining run rates, and new laboratory commissioning.
**Summary:**
Comptoir Group Plc, a UK-based restaurant operator specializing in Lebanese and Middle Eastern cuisine, reported its FY 2025 results for the 52-week period ending December 28, 2025. Key highlights include:
- **Revenue and Profitability:** Group revenue slightly decreased to £33.0 million (from £34.6 million in 2024), but like-for-like (LFL) sales grew by 0.2%. Adjusted EBITDA improved to £1.1 million (from £0.8 million in 2024), while the IFRS loss after tax narrowed to £1.4 million (from £1.9 million in 2024).
- **Operational Focus:** The company prioritized operational improvements, menu enhancements, and value offerings to strengthen its customer proposition in a challenging trading environment.
- **Site Operations:** Comptoir owns and operates 20 sites, with an additional 6 franchise sites. During the year, two sites (Kenza and Comptoir Bluewater) were closed.
- **Financial Position:** Adjusted net cash decreased to £1.9 million (from £3.0 million in 2024) due to exceptional costs and historic liability settlements. The basic loss per share improved to (1.12) pence (from (1.58) pence in 2024).
- **Strategic Initiatives:** The company focused on driving covers through value offerings rather than price increases, which temporarily slowed LFL growth but is expected to yield long-term benefits. Cost management and operational efficiencies contributed to EBITDA growth.
- **Franchise Expansion:** Franchise operations showed strong performance, particularly the Milan site, which exceeded expectations. A new franchise agreement was signed for a Venice site opening in May 2026.
- **Challenges and Outlook:** The company faces ongoing macroeconomic challenges, including cost-of-living pressures and inflation. Despite these headwinds, Comptoir remains confident in its strategy, emphasizing sustainable growth and expansion for 2026 and beyond.
**Key Financial Metrics:**
- **Revenue:** £33.0 million (2024: £34.6 million)
- **Adjusted EBITDA:** £1.1 million (2024: £0.8 million)
- **IFRS Loss After Tax:** £1.4 million (2024: £1.9 million)
- **Adjusted Net Cash:** £1.9 million (2024: £3.0 million)
- **Basic Loss Per Share:** (1.12) pence (2024: (1.58) pence)
**Strategic Focus:**
- **Value Proposition:** Emphasis on value for money and customer experience to drive long-term loyalty.
- **Operational Efficiency:** Continued focus on cost management and operational improvements.
- **Expansion:** Modest expansion of both company-owned and franchise sites, with a new Shawa site planned for London in H2 2026.
**Challenges:**
- **Macroeconomic Environment:** Cost-of-living pressures and inflation impacting consumer spending.
- **Geopolitical Risks:** Monitoring the situation in the Middle East for potential supply chain and consumer sentiment impacts.
**Outlook:**
Comptoir Group remains focused on driving improvement and expansion, leveraging its operational enhancements and strengthened menu offerings to navigate challenges and achieve sustainable growth.
**Summary**
Comptoir Group Plc, a UK-based restaurant operator specializing in Lebanese and Middle Eastern cuisine, reported its FY 2025 results for the 52-week period ending December 28, 2025. Key highlights include
**Revenue and Profitability** Group revenue slightly decreased to £33.0 million (from £34.6 million in 2024), but like-for-like (LFL) sales grew by 0.2%. Adjusted EBITDA improved to £1.1 million (from £0.8 million in 2024), while the IFRS loss after tax narrowed to £1.4 million (from £1.9 million in 2024).
**Operational Focus** The company prioritized operational improvements, menu enhancements, and value offerings to strengthen its customer proposition in a challenging trading environment.
**Site Operations** Comptoir owns and operates 20 sites, with an additional 6 franchise sites. During the year, two sites (Kenza and Comptoir Bluewater) were closed.
**Financial Position** Adjusted net cash decreased to £1.9 million (from £3.0 million in 2024) due to exceptional costs and historic liability settlements. The basic loss per share improved to (1.12) pence (from (1.58) pence in 2024).
**Strategic Initiatives** The company focused on driving covers through value offerings rather than price increases, which temporarily slowed LFL growth but is expected to yield long-term benefits. Cost management and operational efficiencies contributed to EBITDA growth.
**Franchise Expansion** Franchise operations showed strong performance, particularly the Milan site, which exceeded expectations. A new franchise agreement was signed for a Venice site opening in May 2026.
**Challenges and Outlook** The company faces ongoing macroeconomic challenges, including cost-of-living pressures and inflation. Despite these headwinds, Comptoir remains confident in its strategy, emphasizing sustainable growth and expansion for 2026 and beyond.
**Key Financial Metrics**
**Revenue** £33.0 million (2024: £34.6 million)
**Adjusted EBITDA** £1.1 million (2024: £0.8 million)
**IFRS Loss After Tax** £1.4 million (2024: £1.9 million)
**Adjusted Net Cash** £1.9 million (2024: £3.0 million)
**Basic Loss Per Share** (1.12) pence (2024: (1.58) pence)
**Strategic Focus**
**Value Proposition** Emphasis on value for money and customer experience to drive long-term loyalty.
**Operational Efficiency** Continued focus on cost management and operational improvements.
**Expansion** Modest expansion of both company-owned and franchise sites, with a new Shawa site planned for London in H2 2026.
**Challenges**
**Macroeconomic Environment** Cost-of-living pressures and inflation impacting consumer spending.
**Geopolitical Risks** Monitoring the situation in the Middle East for potential supply chain and consumer sentiment impacts.
**Outlook**
Comptoir Group remains focused on driving improvement and expansion, leveraging its operational enhancements and strengthened menu offerings to navigate challenges and achieve sustainable growth.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric
2024
2025
Change
Revenue (£'000)
34,619
32,998
(4.7%)
Gross Profit (£'000)
27,813
27,059
(2.7%)
Operating Loss (£'000)
(831)
(542)
34.8%
Loss for the Period (£'000)
(1,943)
(1,373)
29.3%
Adjusted EBITDA (£'000)
800
1,100
37.5%
Adjusted Net Cash (£'000)
3,000
1,900
(36.7%)
Total Debt (£'000)
1,000
450
(55.0%)
**Notes:** * The revenue decrease is mainly due to site closures and a focus on covers recovery rather than pricing.
* The improvement in adjusted EBITDA is a result of cost control measures and operational efficiencies.
* The decrease in adjusted net cash is primarily due to exceptional costs associated with site closures, restructuring, and settlement of historic liabilities.
* The reduction in total debt is due to repayments made during the year. This table provides a concise overview of the key financial metrics and debt position, highlighting the changes between 2024 and 2025.
IntegraFin Holdings plc (IHP) reported strong Q2 FY26 performance, with net inflows to the Transact platform reaching £1.3bn, up 8% year-on-year, and record gross inflows of £3.1bn, up 15%. Funds under direction (FUD) increased 18% to £77.8bn, driven by net inflows and market recovery. Total Group revenue is expected to rise 11% to £85.8m in H1 FY26. IHP highlighted cost management initiatives, AI integration, and sustained adviser platform market share growth. Despite global market volatility, diversified client investments mitigated impact, positioning the Group for accelerated profit growth and margin enhancement.
IntegraFin Holdings plc (IHP) reported strong Q2 FY26 performance, with net inflows to the Transact platform reaching £1.3bn, up 8% year-on-year, and record gross inflows of £3.1bn, up 15%. Funds under direction (FUD) increased 18% to £77.8bn, driven by net inflows and market recovery. Total Group revenue is expected to rise 11% to £85.8m in H1 FY26. IHP highlighted cost management initiatives, AI integration, and sustained adviser platform market share growth. Despite global market volatility, diversified client investments mitigated impact, positioning the Group for accelerated profitgrowth and margin enhancement.
Intercede Group PLC announces new contract upsell orders and a renewal, totaling approximately $3.8 million, highlighting improving order intake momentum as it enters the new financial year. The deals include upsells to a large US Federal Agency and a UK Government Department, as well as a renewal with a US Federal Agency, all for MyID CMS licenses and support. CEO Klaas van der Leest expressed confidence in the companys pipeline conversion and the encouraging scale of upsell activity with existing government customers, positioning the company strongly for FY27.
Intercede Group PLC announces new contract upsell orders and a renewal, totaling approximately $3.8 million, highlighting improving order intake momentum as it enters the new financial year. The deals include upsells to a large US Federal Agency and a UK Government Department, as well as a renewal with a US Federal Agency, all for MyID CMS licenses and support. CEO Klaas van der Leest expressed confidence in the companys pipeline conversion and the encouraging scale of upsell activity with existing government customers, positioning the company strongly for FY27.
Following the <mark style="background-color:yellow">purchase</mark> of shares, Belinda Richards, Senior Independent Director, is beneficially interested in a total of 10,641 shares in the Company, representing approximately 0.01% of the Co…
Following the <mark style="background-color:yellow">purchase</mark> of shares, Belinda Richards, Senior Independent Director, is beneficially interested in a total of 10,641 shares in the Company, representing approximately 0.01% of the Companys issued share capital.
Galliford Try Holdings PLC has been appointed to a £750 million affordable homes framework by Sovereign Network Group, aimed at delivering over 2,000 homes annually across southern England. The company will operate in mid and high-value ba…
Galliford Try Holdings PLC has been appointed to a £750 million affordable homes framework by Sovereign Network Group, aimed at delivering over 2,000 homes annually across southern England. The company will operate in mid and high-value bands across London, East, and South regions, and the high-value band in the West region. This appointment follows recent successes with Hyde Group and Clarion Housing Group, reinforcing Galliford Trys position in the affordable housing sector.
Alternative Income REIT plc (AIRE) announced that it has terminated discussions with AEW UK REIT plc regarding a possible all-share offer for the company. AIREs board unanimously decided not to extend the PUSU deadline, citing confidence i…
Alternative Income REIT plc (AIRE) announced that it has terminated discussions with AEW UK REIT plc regarding a possible all-share offer for the company. AIREs board unanimously decided not to extend the PUSU deadline, citing confidence in the companys standalone ability to generate secure income and maintain capital values through investments in UK properties within alternative and specialist sectors. AIRE remains on track to deliver its target annual dividend of 5.6 pence per share for the financial year ending June 30, 2026, with rent collection fully covering the dividend. The portfolio valuation showed a minor decline of £50,000 to £103.45 million in Q1 2026, and the company is well-positioned for the future following debt refinancing with HSBC UK Bank plc. The announcement was made without AEWs consent, and AIRE confirmed compliance with regulatory requirements.
<mark style="background-color:yellow">PURCHASE</mark> OF PARTNERSHIP SHARES AND THE AWARD OF MATCHING SHARES UNDER THE PENNON GROUP SHARE INCENTIVE PLAN (SIP)
<mark style="background-coloryellow">PURCHASE</mark> OF PARTNERSHIP SHARES AND THE AWARD OF MATCHING SHARES UNDER THE PENNON GROUP SHARE INCENTIVE PLAN (SIP)
<mark style="background-color:yellow">Purchase</mark> of Partnership Shares and the right to Matching Shares under the Matching Award element of the ISIP.
<mark style="background-coloryellow">Purchase</mark> of Partnership Shares and the right to Matching Shares under the Matching Award element of the ISIP.
Mears Group PLC has been awarded a £200 million contract by Moat Homes for responsive, void maintenance, and planned works across 20,000 homes in the South-East of England over an initial 10-year term, with an option to extend for five mor…
Mears Group PLC has been awarded a £200 million contract by Moat Homes for responsive, void maintenance, and planned works across 20,000 homes in the South-East of England over an initial 10-year term, with an option to extend for five more years. This long-term partnership follows Mears successful interim service delivery since 2024 and reinforces the companys growth strategy in the housing sector.
System1 Group PLC announces a Relationship Agreement with Brave Bison, following Brave Bisons acquisition of a 27.85% stake in System1. The agreement allows Brave Bison to appoint an observer to System1s board meetings, subject to approval…
System1 Group PLC announces a Relationship Agreement with Brave Bison, following Brave Bisons acquisition of a 27.85% stake in System1. The agreement allows Brave Bison to appoint an observer to System1s board meetings, subject to approval, while ensuring System1s independent operation and compliance with legal and regulatory obligations. The agreement includes provisions for arms length transactions, information sharing, and confidentiality, and will terminate if Brave Bisons stake falls below 17.5%. Both companies express commitment to a constructive and transparent relationship.
Supreme PLC announces a new five-year exclusive licensing agreement with Carabao, a leading energy drink brand, to manufacture and distribute Carabaos energy and isotonic drinks in the UK. This partnership leverages Supremes manufacturing,…
Supreme PLC announces a new five-year exclusive licensing agreement with Carabao, a leading energy drink brand, to manufacture and distribute Carabaos energy and isotonic drinks in the UK. This partnership leverages Supremes manufacturing, innovation, and distribution strengths to accelerate Carabaos growth in the UK market, supported by its strong brand identity and retail presence. The collaboration aims to enhance retail partnerships, drive category growth, and deliver innovative products, with both companies expressing confidence in the strategic fit and growth potential.
On 20 April 2026, The Alumasc Group plc (the Company) was notified of the following share <mark style="background-color:yellow">purchase</mark>s by Vijay Thakrar (Chair), Pamela Bingham (Chief Executive Officer) and Simon Dray (Chief Finan…
On 20 April 2026, The Alumasc Group plc (the Company) was notified of the following share <mark style="background-color:yellow">purchase</mark>s by Vijay Thakrar (Chair), Pamela Bingham (Chief Executive Officer) and Simon Dray (Chief Financial Officer).
Ebiquity PLCs final results for the year ended 31 December 2025 show a revenue decline of 4% to £73.4 million, with adjusted operating profit down 42% to £4.6 million. The company faced challenges in North America and Europe, offset by str…
Ebiquity PLCs final results for the year ended 31 December 2025 show a revenuedecline of 4% to £73.4 million, with adjusted operating profit down 42% to £4.6 million. The company faced challenges in North America and Europe, offset by strong performance in the UK & Ireland. Strategic actions, including leadership changes and cost management, aim to position the company for growth. Despite a statutory operating loss of £8.6 million due to non-cash impairments, cash generation improved, and net debtreduced to £13.1 million. The company highlights its focus on AI and technology innovation, with ERAbot deployed across the workforce. The outlook emphasizes returning to growth, supported by global media ad spend growth and Ebiquitys unique market position.
Rio Tintos first quarter 2026 production results show a 9% year-over-year increase in copper equivalent (CuEq) production, driven by strong performance across its portfolio. Key highlights include:
- Copper production rose 9% YoY, support…
Rio Tintos first quarter 2026 production results show a 9% year-over-year increase in copper equivalent (CuEq) production, driven by strong performance across its portfolio. Key highlights include
Copper production rose 9% YoY, supported by the ramp-up of the Oyu Tolgoi mine and progress at Resolution Copper.
Iron ore production in the Pilbara was the second highest Q1 since 2018, up 13% YoY, despite cyclone impacts on shipments.
Aluminium production demonstrated resilience despite weather disruptions, with the integrated business offsetting challenges.
Lithium production was lower YoY due to the care and maintenance status of Mt Cattlin, but expansion projects remain on track.
Safety remains a priority, with tragic fatalities leading to operational shutdowns and reviews.
The company achieved $650m in annualized productivity benefits as planned, with further improvements underway.
Guidance for 2026 remains unchanged across commodities.
Overall, Rio Tinto delivered strong operational performance in Q1 2026, growing production across most commodities while advancing key growth projects. The company continues to focus on safety, productivity, and supply chain resilience.
**Summary:**
Mpac Group PLC, a global packaging and automation solutions provider, reported its full-year results for 2025, which were in line with market expectations. The company faced macroeconomic challenges, including customer invest…
**Summary**
Mpac Group PLC, a global packaging and automation solutions provider, reported its full-year results for 2025, which were in line with market expectations. The company faced macroeconomic challenges, including customer investment deferrals, but took decisive actions to reduce operating costs and focus on cash management. Key financial highlights include a 42% increase in revenue to £174.1 million, a 51% rise in underlying operating profit to £18.1 million, and a 26% growth in order intake to £150.9 million. Despite a 24% decline in the closing order book to £90.0 million, the company stabilized its order book in the second half of the year. Operationally, Mpac integrated acquisitions (CSi and BCA), improved margins through restructuring, and strengthened its board. The company remains focused on managing net debt and is well-positioned for sustainable long-term growth, despite near-term uncertainties.
Gear4music (Holdings) PLC reports a strong full-year performance for FY26, exceeding market expectations with significant growth in revenue (+30% to £190.7m), EBITDA (+81% to at least £18.1m), and profit before tax (+506% to at least £9.7m…
Gear4music (Holdings) PLC reports a strong full-year performance for FY26, exceeding market expectations with significantgrowth in revenue (+30% to £190.7m), EBITDA (+81% to at least £18.1m), and profit before tax (+506% to at least £9.7m). Key highlights include sustained growth in UK and European markets, improved gross margins (28.4%), reduced net bank debt (£5.0m), and successful technical developments like AI-based inventory forecasting and a website chatbot. The company also completed the lease for a new UK warehouse and remains confident in FY27 prospects, with trading in line with market expectations. Preliminary results for FY26 will be announced on June 23, 2026.
Metric
FY25 (£m)
FY26 (£m)
% Change
UK Sales
90.2
114.1
+26%
European and Rest of the World Sales
56.5
76.6
+36%
Total Sales
146.7
190.7
+30%
EBITDA
10.0
≥18.1
+81%*
Profit Before Tax (PBT)
1.6
≥9.7
+506%*
Net Bank Debt
6.4
5.0
-22%
*Note: Percentage changes for EBITDA and PBT are calculated based on the minimum values provided for FY26.
**Summary:**
Facilities by ADF plc, a leading provider of premium serviced production facilities to the UK film and high-end television (HETV) industry, reported its final results for the year ended 31 December 2025. The company experienc…
**Summary**
Facilities by ADF plc, a leading provider of premium serviced production facilities to the UK film and high-end television (HETV) industry, reported its final results for the year ended 31 December 2025. The company experienced a 17% increase in group revenue to £41.3 million, driven by the full-year contribution from Autotrak and improved performance in the second half of the year. Adjusted EBITDA rose to £9.2 million, with a marginexpansion to 22%, attributed to enhanced efficiencies and Autotraks contribution. Net debtdecreased to £12.3 million, reflecting disciplined cash and capital management.
Operationally, the company supported 311 productions, a 5% increase, with notable projects including *Black Doves*, *Ted Lasso*, and *The Witcher*. Autotrak, acquired in 2024, contributed £9.3 million in revenue, diversifying the customer base across construction, events, and infrastructure markets. Non-film and HETV revenue increased by 96% to £3.9 million. The companys Net Promoter Score improved to 89, indicating strong customer satisfaction.
Strategically, ADF secured a £5.0 million Revolving Credit Facility post-year-end to support growth and paid an interim dividend of 0.3 pence per share. The company appointed Nicola Pearcey as CEO and Will Worsdell as CFO, strengthening its leadership team. The outlook for FY26 is positive, with Q1 trading in line with expectations and a healthy pipeline across all businesses. The UKs strong global investment in film and HETV, coupled with ADFs strategic focus on customer-centric growth and diversification, positions the company well for future success.
IXICO PLC reports strong growth in H1 2026, with revenues up 23% to £3.9 million, gross margin increasing to 53%, and order book rising 38% to £18.1 million. EBITDA loss narrowed to £0.5 million, reflecting strategic investments in growth.…
IXICO PLC reports stronggrowth in H1 2026, with revenues up 23% to £3.9 million, gross margin increasing to 53%, and order book rising 38% to £18.1 million. EBITDA loss narrowed to £0.5 million, reflecting strategic investments in growth. A £10 million capital raise supports the Tech Bio strategy to enhance the IXITM platforms integration with CROs and healthcare providers. Interim results will be released on May 19, 2026, with a live presentation for shareholders.
THG PLC reports strong Q1 2026 results with 7.0% revenue growth, the best Q1 performance since 2021. THG Beauty and THG Nutrition both saw growth, driven by strong US performance, UK market share gains, and expansion into higher-margin cat…
THG PLC reports strong Q1 2026 results with 7.0% revenuegrowth, the best Q1 performance since 2021. THG Beauty and THG Nutrition both saw growth, driven by strong US performance, UK market share gains, and expansion into higher-margin categories. Full-year guidance is reiterated, with confidence in continued market share gains and pricing strategies. Cash flow performance was the strongest in three years, supporting full-year free cash flow guidance. Despite geopolitical uncertainties, THG enters Q2 with momentum, building on a better-than-expected Q1.
Nichols PLC reports a positive start to FY26 with revenue growth of 4.3% to £41.0m in Q1, driven by strong performances in UK and International Packaged segments. UK Packaged revenues rose 3.8% to £22.1m, while International Packaged reven…
Nichols PLC reports a positive start to FY26 with revenuegrowth of 4.3% to £41.0m in Q1, driven by strong performances in UK and International Packaged segments. UK Packaged revenues rose 3.8% to £22.1m, while International Packaged revenues increased 11.1% to £10.0m, led by West Africa. Out of Home revenues declined 3.3% to £8.7m due to strategic exits and focus on profitability. The Group maintains a strong balance sheet with net cash of £59.8m. Full-year guidance remains unchanged, with performance expected to be weighted towards H2 due to shipment timing. The company continues to monitor Middle East conflict impacts and has mitigation plans in place. New CFO Matthew Rothwell joins the Board, and the Group remains well-positioned for continued profitable growth.
**Summary:**
Checkit PLC, an automated monitoring and operational intelligence platform, reported its final results for the year ended 31 January 2026 (FY26). Key highlights include:
1. **Financial Performance:**
- Achieved Adjusted…
**Summary**
Checkit PLC, an automated monitoring and operational intelligence platform, reported its final results for the year ended 31 January 2026 (FY26). Key highlights include
1. **Financial Performance**
Achieved Adjusted EBITDA profitability of £0.3 million, a significant improvement from a £2.3 million loss in FY25.
Annual Recurring Revenue (ARR) was £14.3 million, a 1% reduction but up 2% at constant currency. Underlying ARR growth was 5%, excluding a single large US customer reduction.
Net cash position of £3.0 million at year-end, reflecting a cash-generative second half.
2. **Operational Efficiency**
Completed a £4 million cost-saving program, reducing the cost base.
Maintained high-quality revenue, with recurring revenue representing 96% of total revenue.
Launched a redesigned user interface and improved user experience, leveraging AI for faster delivery and enhanced customer engagement.
3. **Strategic Developments**
The Board initiated a Formal Sale Process on 26 March 2026, seeking offers for the Group. This decision was driven by the belief that private ownership could unlock substantial profitable growth through cost normalization, operational leverage, and strategic synergies.
Planned strategic retirement of a legacy product in FY27 to unify the platform and launch a next-generation solution, doubling penetration potential and clearing the path for aggressive customer expansion.
4. **Outlook**
Focus on long-term scalabilityprofitabilityand strategic clarity.
Increased focus on the US market, the largest and most scalable addressable market, to drive enterprise engagement and account expansion.
Checkit’s FY26 results reflect a structural reset, improved financial discipline, and positioning for future growth, despite challenges in the broader technology landscape. The Formal Sale Process underscores the Board’s commitment to maximizing shareholder value.
Financial Metric
FY25 (£m)
FY26 (£m)
Change (£m)
Change (%)
Revenue
14.1
13.7
-0.4
-2%
Recurring Revenue
13.1
13.2
0.1
1%
Adjusted EBITDA
(2.3)
0.3
2.6
113%
Net Cash
2.7
3.0
0.3
11%
Operating Costs
14.5
11.6
-2.9
-20%
Non-recurring or Special Items
0.5
1.1
0.6
120%
Cash and Cash Equivalents
5.1
3.0
-2.1
-41%
### Key Observations:
1. **Revenue**: Decreased by 2% year-on-year, primarily due to a reduction in non-recurring revenue. 2. **Recurring Revenue**: Increased slightly by 1%, with underlying growth of 5% excluding a single large US customer reduction. 3. **Adjusted EBITDA**: Turned profitable, improving by 113% to £0.3m, ahead of expectations. 4. **Net Cash**: Increased by 11% to £3.0m, reflecting a cash-generative second half. 5. **Operating Costs**: Reduced by 20% due to a £4m cost-saving program. 6. **Non-recurring or Special Items**: Increased significantly due to restructuring and transaction costs. 7. **Cash and Cash Equivalents**: Decreased by 41% to £3.0m, primarily due to restructuring costs and pre-restructuring cash outflows.
System1 Group PLC reports steady FY26 revenue at £37m, with a strong H2 performance driven by 4% YoY growth, record 6-month revenue, and new client wins. Adjusted EBITDA declined to £3.6m due to investments and restructuring costs, but cos…
System1 Group PLC reports steady FY26 revenue at £37m, with a strong H2 performance driven by 4% YoY growth, record 6-month revenue, and new client wins. Adjusted EBITDA declined to £3.6m due to investments and restructuring costs, but cost savings of £1m annually were achieved. Strategic progress included 19% innovation revenuegrowth, 7% US platform revenuegrowth, and partnerships with 48 of the top 100 global brands. FY27 outlook is positive, with expected revenue and profitgrowth, improved EBITDA margin (≥15%), and confidence in consensus forecasts. The company secured over 300 new platform clients, strengthened its AI partnership with BionicX, and closed its largest-ever US sales contract, positioning it for sustained growth.
ActiveOps PLC reports strong FY26 performance with 48% revenue growth to £45.0m, driven by new customer wins, expansion sales, and the Enlighten acquisition. Net Revenue Retention (NRR) increased to 119%, and organic Annual Recurring Reven…
ActiveOps PLC reports strong FY26 performance with 48% revenuegrowth to £45.0m, driven by new customer wins, expansion sales, and the Enlighten acquisition. Net Revenue Retention (NRR) increased to 119%, and organic Annual Recurring Revenue (ARR) grew 25% to £35.6m. Adjusted EBITDA rose to £4.2m, and period-end cash stood at £23.6m. The company strengthened its balance sheet post-period with a £7.4m trademark sale. Despite a contract termination from an Enlighten customer, the acquisition remains accretive. ActiveOps plans to announce FY26 results on July 2, 2026, and remains confident in its growth strategy, supported by product innovation and expanded sales capabilities.
British Land Company PLC reports strong FY26 performance, driven by market-leading positions in campuses and retail parks. Key highlights include:
* **Strong leasing momentum**: 6% like-for-like net rental growth, with 12% growth in campu…
British Land Company PLC reports strong FY26 performance, driven by market-leading positions in campuses and retail parks. Key highlights include
* **Strong leasing momentum**6% like-for-like net rental growth, with 12% growth in campuses and 2% in retail parks.
* **Earnings growth**Underlying EPS of 28.9p, ahead of guidance, with upgraded FY27 guidance to at least 30.5p.
* **Portfolio performance**95% occupancy in campuses and 99% in retail parks, with ERV growth of 4.9%.
* **Acquisition**Completed acquisition of Life Science REIT, expected to be earnings accretive.
Gresham House Energy Storage Fund (GRID) reported strong full-year results for 2025, highlighting significant growth in operational capacity, cash generation, and NAV per share. Key achievements include:
* **Increased operational capacity…
Gresham House Energy Storage Fund (GRID) reported strong full-year results for 2025, highlighting significantgrowth in operational capacity, cash generation, and NAV per share. Key achievements include
* **Increased operational capacity** 1,072MW / 1,701MWh, up from 845MW/1,207MWh in 2024.
* **Revenue and EBITDA growth** Unaudited operational portfolio revenues rose 29.9% to £60.4mn, and EBITDA increased 33.4% to £38.8mn.
* **Progress on Three-year Plan** Completed augmentations of 330MWh across 7 projects, with 350MWh more underway in 2026.
* **Alternative Revenue strategy** Formal trials showed promising results, exceeding expectations and doubling existing revenues on trial capacity.
* **Funding secured** £220mn amortizing debt facility closed, and equity funding secured for project augmentation.
Despite delays in connection dates due to NESOs Queue Reform Process, GRID remains confident in its growth trajectory, targeting further capacity expansion, revenuegrowth, and NAV per share increase in 2026. The company is well-positioned to capitalize on the growing demand for battery energy storage systems in the UK, driven by the need to reduce dependence on imported fossil fuels and support renewable energy integration.
**Summary:**
World Chess PLC, a London-listed chess organization, reported its financial results for the year ended December 31, 2025. Key highlights include:
- **Revenue Growth:** Revenue from continuing operations increased by 11% to €…
**Summary**
World Chess PLC, a London-listed chess organization, reported its financial results for the year ended December 31, 2025. Key highlights include
**Revenue Growth** Revenue from continuing operations increased by 11% to €2,029,433, driven by digital and media activities. The World Chess Online Arena saw a 25% revenue increase to €863,751.
**User Growth** The platform exceeded one million registered users, with India representing 33% of paid subscribers and 25% of total users.
**Product Development** Launched "The Tower," a player progression system, rebuilt the mobile app, and appointed a Head of Mobile Design.
**Partnerships** Extended partnership with Algorand Foundation and added TipRanks as a commercial partner.
**Strategic Shift** Closed the Berlin Chess Club, focusing on digital revenue streams and online subscriber growth.
**Financial Performance** Loss before tax from continuing operations narrowed to €2,685,342, reflecting cost discipline and targeted investment.
**Capital Raising** Secured investment from strategic partners, strengthening the capital base.
**Governance** Maintained focus on governance, liquidity, and risk management.
**Future Outlook** The company aims to scale its user base, offer new ways to enjoy chess, and expand into club and federation technology tools.
Despite challenges, World Chess PLC is positioned for growth, leveraging its digital platform and strategic partnerships to enhance its global chess community.
Financial Metric
2025 (€)
2024 (€)
Year-on-Year Change (€)
Year-on-Year Change (%)
Revenue from Continuing Operations
2,029,433
1,820,801
208,632
11%
Total Revenue (Including Discontinued Operations)
2,262,115
2,434,173
(172,058)
-7%
Loss Before Tax from Continuing Operations
2,685,342
2,822,879
137,537
-5%
Loss from Discontinued Operations (Net of Tax)
974,407
972,050
2,357
0.2%
Total Loss
3,659,941
3,795,146
135,205
-4%
Gross Profit
609,532
489,002
120,530
25%
Gross Profit Margin (%)
30%
27%
3%
11%
Administrative Expenses
3,274,230
3,289,653
(15,423)
-0.5%
Operating Loss from Continuing Operations
2,664,698
2,800,651
135,953
-5%
Net Cash Used in Operating Activities
2,491,890
2,356,219
135,671
6%
Net Debt
(9,215)
(2,739,286)
2,730,071
-99.7%
### Key Observations:
1. **Revenue from Continuing Operations** increased by 11% year-on-year, driven by growth in digital and media activities.
2. **Total Revenue** decreased by 7% due to the closure of the Berlin club, which was part of discontinued operations.
3. **Loss Before Tax from Continuing Operations** improved by 5%, reflecting cost discipline and targeted investment.
4. **Gross Profit Margin** improved from 27% to 30%, driven by a higher proportion of digital revenues.
5. **Net Debt** significantly improved, moving from a net debt position of €2.74 million in 2024 to a near net cash position in 2025, primarily due to equity funding.
CAB Payments Holdings PLC reported strong Q1 2026 income performance, with total income up 35% YoY to £34 million and total income (excluding net interest income) up 60% YoY to £26 million. This growth reflects strategic execution, busines…
CAB Payments Holdings PLC reported strong Q1 2026 income performance, with total income up 35% YoY to £34 million and total income (excluding net interest income) up 60% YoY to £26 million. This growth reflects strategic execution, business mix shifts, and improved margins. Client activity increased, with FX volumes up 5% YoY and emerging market volumes up 15% YoY. The company added 13 new clients and expanded its partner network. Net interest income was only 10% lower YoY despite interest rate reductions. Strategic progress included new partnerships, office activations, and client transactions. Medium-term guidance remains unchanged, with expected high-teens to low-20s percentage CAGR in total income (excluding net interest income) over the next three years.
Accsys Technologies PLC reports strong FY26 performance, with record Accoya sales volumes and significant strategic progress. Key highlights include:
- **Revenue Growth**: Group revenue increased by 20% like-for-like to €153m, driven by r…
Accsys Technologies PLC reports strong FY26 performance, with record Accoya sales volumes and significant strategic progress. Key highlights include
**Revenue Growth**Group revenue increased by 20% like-for-like to €153m, driven by robust demand for Accoya products, particularly Accoya Color.
**Sales Volumes**Total sales volumes (Group + JV) rose by 21% to 77,237m³, with notable growth in North America (60%), UK&I (12%), Rest of Europe (23%), and Rest of World (9%).
**North America Performance**Accoya USA joint venture saw significant sales volume growth of 60%, capturing market opportunities and mitigating tariff impacts.
**Profitability**Adjusted EBITDA is expected to align with market consensus of €21.0 million.
**Deleveraging**Net debtreduced to €41.4m, reflecting disciplined capital allocation.
**Strategic Progress**Continued execution of the FOCUS strategy, strengthening market position and resilience for sustainable long-term growth.
Full-year results will be announced on 16 June 2026.
Capital Limited reports a record Q1 2026 revenue of $101.7 million, up 41.6% YoY, driven by strong performance across drilling, mining, and MSALABS segments. Key highlights include a 2,900% surge in mining revenue, new contract wins, and i…
Capital Limited reports a record Q1 2026 revenue of $101.7 million, up 41.6% YoY, driven by strong performance across drilling, mining, and MSALABS segments. Key highlights include a 2,900% surge in mining revenue, new contract wins, and increased laboratory utilization. Despite geopolitical tensions impacting logistics and investments, the company reaffirms its 2026 revenue guidance of $410–$440 million, supported by ramping contracts, full mining run rates, and new laboratory commissioning.
**Summary:**
Comptoir Group Plc, a UK-based restaurant operator specializing in Lebanese and Middle Eastern cuisine, reported its FY 2025 results for the 52-week period ending December 28, 2025. Key highlights include:
- **Revenue and Pr…
**Summary**
Comptoir Group Plc, a UK-based restaurant operator specializing in Lebanese and Middle Eastern cuisine, reported its FY 2025 results for the 52-week period ending December 28, 2025. Key highlights include
**Revenue and Profitability** Group revenue slightly decreased to £33.0 million (from £34.6 million in 2024), but like-for-like (LFL) sales grew by 0.2%. Adjusted EBITDA improved to £1.1 million (from £0.8 million in 2024), while the IFRS loss after tax narrowed to £1.4 million (from £1.9 million in 2024).
**Operational Focus** The company prioritized operational improvements, menu enhancements, and value offerings to strengthen its customer proposition in a challenging trading environment.
**Site Operations** Comptoir owns and operates 20 sites, with an additional 6 franchise sites. During the year, two sites (Kenza and Comptoir Bluewater) were closed.
**Financial Position** Adjusted net cash decreased to £1.9 million (from £3.0 million in 2024) due to exceptional costs and historic liability settlements. The basic loss per share improved to (1.12) pence (from (1.58) pence in 2024).
**Strategic Initiatives** The company focused on driving covers through value offerings rather than price increases, which temporarily slowed LFL growth but is expected to yield long-term benefits. Cost management and operational efficiencies contributed to EBITDA growth.
**Franchise Expansion** Franchise operations showed strong performance, particularly the Milan site, which exceeded expectations. A new franchise agreement was signed for a Venice site opening in May 2026.
**Challenges and Outlook** The company faces ongoing macroeconomic challenges, including cost-of-living pressures and inflation. Despite these headwinds, Comptoir remains confident in its strategy, emphasizing sustainable growth and expansion for 2026 and beyond.
**Key Financial Metrics**
**Revenue** £33.0 million (2024: £34.6 million)
**Adjusted EBITDA** £1.1 million (2024: £0.8 million)
**IFRS Loss After Tax** £1.4 million (2024: £1.9 million)
**Adjusted Net Cash** £1.9 million (2024: £3.0 million)
**Basic Loss Per Share** (1.12) pence (2024: (1.58) pence)
**Strategic Focus**
**Value Proposition** Emphasis on value for money and customer experience to drive long-term loyalty.
**Operational Efficiency** Continued focus on cost management and operational improvements.
**Expansion** Modest expansion of both company-owned and franchise sites, with a new Shawa site planned for London in H2 2026.
**Challenges**
**Macroeconomic Environment** Cost-of-living pressures and inflation impacting consumer spending.
**Geopolitical Risks** Monitoring the situation in the Middle East for potential supply chain and consumer sentiment impacts.
**Outlook**
Comptoir Group remains focused on driving improvement and expansion, leveraging its operational enhancements and strengthened menu offerings to navigate challenges and achieve sustainable growth.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric
2024
2025
Change
Revenue (£'000)
34,619
32,998
(4.7%)
Gross Profit (£'000)
27,813
27,059
(2.7%)
Operating Loss (£'000)
(831)
(542)
34.8%
Loss for the Period (£'000)
(1,943)
(1,373)
29.3%
Adjusted EBITDA (£'000)
800
1,100
37.5%
Adjusted Net Cash (£'000)
3,000
1,900
(36.7%)
Total Debt (£'000)
1,000
450
(55.0%)
**Notes:** * The revenue decrease is mainly due to site closures and a focus on covers recovery rather than pricing.
* The improvement in adjusted EBITDA is a result of cost control measures and operational efficiencies.
* The decrease in adjusted net cash is primarily due to exceptional costs associated with site closures, restructuring, and settlement of historic liabilities.
* The reduction in total debt is due to repayments made during the year. This table provides a concise overview of the key financial metrics and debt position, highlighting the changes between 2024 and 2025.
IntegraFin Holdings plc (IHP) reported strong Q2 FY26 performance, with net inflows to the Transact platform reaching £1.3bn, up 8% year-on-year, and record gross inflows of £3.1bn, up 15%. Funds under direction (FUD) increased 18% to £77.…
IntegraFin Holdings plc (IHP) reported strong Q2 FY26 performance, with net inflows to the Transact platform reaching £1.3bn, up 8% year-on-year, and record gross inflows of £3.1bn, up 15%. Funds under direction (FUD) increased 18% to £77.8bn, driven by net inflows and market recovery. Total Group revenue is expected to rise 11% to £85.8m in H1 FY26. IHP highlighted cost management initiatives, AI integration, and sustained adviser platform market share growth. Despite global market volatility, diversified client investments mitigated impact, positioning the Group for accelerated profitgrowth and margin enhancement.
Billington Holdings PLC, a UK-based structural steel and construction safety solutions specialist, reported its financial results for the year ended December 31, 2025. Despite challenging market conditions, the company demonstrated resilie…
Billington Holdings PLC, a UK-based structural steel and construction safety solutions specialist, reported its financial results for the year ended December 31, 2025. Despite challenging market conditions, the company demonstrated resilience with a revenue of £95.7 million, a decrease from £113.1 million in 2024, primarily due to a shift towards more complex projects with reduced steel content. Underlying profit before tax was £4.1 million, impacted by £2.8 million in non-underlying costs related to the closure of the Yate facility. Profit before tax was £1.3 million, and the company maintained a strong cash balance of £20.5 million, remaining debt-free. The company recommended a dividend of 11.0 pence per share, reflecting its commitment to shareholders while maintaining a robust balance sheet. Operationally, Billington focused on efficiency, consolidating its structural steel operations in Barnsley, and secured a healthy order book for 2026 and 2027, positioning itself for improved performance in the coming year.
Intercede Group PLC announces new contract upsell orders and a renewal, totaling approximately $3.8 million, highlighting improving order intake momentum as it enters the new financial year. The deals include upsells to a large US Federal …
Intercede Group PLC announces new contract upsell orders and a renewal, totaling approximately $3.8 million, highlighting improving order intake momentum as it enters the new financial year. The deals include upsells to a large US Federal Agency and a UK Government Department, as well as a renewal with a US Federal Agency, all for MyID CMS licenses and support. CEO Klaas van der Leest expressed confidence in the companys pipeline conversion and the encouraging scale of upsell activity with existing government customers, positioning the company strongly for FY27.
THG PLC reports strong Q1 2026 results with 7.0% revenue growth, the best Q1 performance since 2021. THG Beauty and THG Nutrition both saw growth, driven by strong US performance, UK market share gains, and expansion into higher-margin cat…
THG PLC reports strong Q1 2026 results with 7.0% revenuegrowth, the best Q1 performance since 2021. THG Beauty and THG Nutrition both saw growth, driven by strong US performance, UK market share gains, and expansion into higher-margin categories. Full-year guidance is reiterated, with confidence in continued market share gains and pricing strategies. Cash flow performance was the strongest in three years, supporting full-year free cash flow guidance. Despite geopolitical uncertainties, THG enters Q2 with momentum, building on a better-than-expected Q1.
Following the <mark style="background-color:yellow">purchase</mark> of shares, Belinda Richards, Senior Independent Director, is beneficially interested in a total of 10,641 shares in the Company, representing approximately 0.01% of the Companys issued share capital.
Galliford Try Holdings PLC has been appointed to a £750 million affordable homes framework by Sovereign Network Group, aimed at delivering over 2,000 homes annually across southern England. The company will operate in mid and high-value bands across London, East, and South regions, and the high-value band in the West region. This appointment follows recent successes with Hyde Group and Clarion Housing Group, reinforcing Galliford Trys position in the affordable housing sector.
Alternative Income REIT plc (AIRE) announced that it has terminated discussions with AEW UK REIT plc regarding a possible all-share offer for the company. AIREs board unanimously decided not to extend the PUSU deadline, citing confidence in the companys standalone ability to generate secure income and maintain capital values through investments in UK properties within alternative and specialist sectors. AIRE remains on track to deliver its target annual dividend of 5.6 pence per share for the financial year ending June 30, 2026, with rent collection fully covering the dividend. The portfolio valuation showed a minor decline of £50,000 to £103.45 million in Q1 2026, and the company is well-positioned for the future following debt refinancing with HSBC UK Bank plc. The announcement was made without AEWs consent, and AIRE confirmed compliance with regulatory requirements.
<mark style="background-coloryellow">PURCHASE</mark> OF PARTNERSHIP SHARES AND THE AWARD OF MATCHING SHARES UNDER THE PENNON GROUP SHARE INCENTIVE PLAN (SIP)
<mark style="background-coloryellow">Purchase</mark> of Partnership Shares and the right to Matching Shares under the Matching Award element of the ISIP.
Mears Group PLC has been awarded a £200 million contract by Moat Homes for responsive, void maintenance, and planned works across 20,000 homes in the South-East of England over an initial 10-year term, with an option to extend for five more years. This long-term partnership follows Mears successful interim service delivery since 2024 and reinforces the companys growth strategy in the housing sector.
System1 Group PLC announces a Relationship Agreement with Brave Bison, following Brave Bisons acquisition of a 27.85% stake in System1. The agreement allows Brave Bison to appoint an observer to System1s board meetings, subject to approval, while ensuring System1s independent operation and compliance with legal and regulatory obligations. The agreement includes provisions for arms length transactions, information sharing, and confidentiality, and will terminate if Brave Bisons stake falls below 17.5%. Both companies express commitment to a constructive and transparent relationship.
Supreme PLC announces a new five-year exclusive licensing agreement with Carabao, a leading energy drink brand, to manufacture and distribute Carabaos energy and isotonic drinks in the UK. This partnership leverages Supremes manufacturing, innovation, and distribution strengths to accelerate Carabaos growth in the UK market, supported by its strong brand identity and retail presence. The collaboration aims to enhance retail partnerships, drive category growth, and deliver innovative products, with both companies expressing confidence in the strategic fit and growth potential.
On 20 April 2026, The Alumasc Group plc (the Company) was notified of the following share <mark style="background-color:yellow">purchase</mark>s by Vijay Thakrar (Chair), Pamela Bingham (Chief Executive Officer) and Simon Dray (Chief Financial Officer).
Ebiquity PLCs final results for the year ended 31 December 2025 show a revenuedecline of 4% to £73.4 million, with adjusted operating profit down 42% to £4.6 million. The company faced challenges in North America and Europe, offset by strong performance in the UK & Ireland. Strategic actions, including leadership changes and cost management, aim to position the company for growth. Despite a statutory operating loss of £8.6 million due to non-cash impairments, cash generation improved, and net debtreduced to £13.1 million. The company highlights its focus on AI and technology innovation, with ERAbot deployed across the workforce. The outlook emphasizes returning to growth, supported by global media ad spend growth and Ebiquitys unique market position.
Rio Tintos first quarter 2026 production results show a 9% year-over-year increase in copper equivalent (CuEq) production, driven by strong performance across its portfolio. Key highlights include
Copper production rose 9% YoY, supported by the ramp-up of the Oyu Tolgoi mine and progress at Resolution Copper.
Iron ore production in the Pilbara was the second highest Q1 since 2018, up 13% YoY, despite cyclone impacts on shipments.
Aluminium production demonstrated resilience despite weather disruptions, with the integrated business offsetting challenges.
Lithium production was lower YoY due to the care and maintenance status of Mt Cattlin, but expansion projects remain on track.
Safety remains a priority, with tragic fatalities leading to operational shutdowns and reviews.
The company achieved $650m in annualized productivity benefits as planned, with further improvements underway.
Guidance for 2026 remains unchanged across commodities.
Overall, Rio Tinto delivered strong operational performance in Q1 2026, growing production across most commodities while advancing key growth projects. The company continues to focus on safety, productivity, and supply chain resilience.
Mpac Group PLC, a global packaging and automation solutions provider, reported its full-year results for 2025, which were in line with market expectations. The company faced macroeconomic challenges, including customer investment deferrals, but took decisive actions to reduce operating costs and focus on cash management. Key financial highlights include a 42% increase in revenue to £174.1 million, a 51% rise in underlying operating profit to £18.1 million, and a 26% growth in order intake to £150.9 million. Despite a 24% decline in the closing order book to £90.0 million, the company stabilized its order book in the second half of the year. Operationally, Mpac integrated acquisitions (CSi and BCA), improved margins through restructuring, and strengthened its board. The company remains focused on managing net debt and is well-positioned for sustainable long-term growth, despite near-term uncertainties.
Gear4music (Holdings) PLC reports a strong full-year performance for FY26, exceeding market expectations with significantgrowth in revenue (+30% to £190.7m), EBITDA (+81% to at least £18.1m), and profit before tax (+506% to at least £9.7m). Key highlights include sustained growth in UK and European markets, improved gross margins (28.4%), reduced net bank debt (£5.0m), and successful technical developments like AI-based inventory forecasting and a website chatbot. The company also completed the lease for a new UK warehouse and remains confident in FY27 prospects, with trading in line with market expectations. Preliminary results for FY26 will be announced on June 23, 2026.
Metric
FY25 (£m)
FY26 (£m)
% Change
UK Sales
90.2
114.1
+26%
European and Rest of the World Sales
56.5
76.6
+36%
Total Sales
146.7
190.7
+30%
EBITDA
10.0
≥18.1
+81%*
Profit Before Tax (PBT)
1.6
≥9.7
+506%*
Net Bank Debt
6.4
5.0
-22%
*Note: Percentage changes for EBITDA and PBT are calculated based on the minimum values provided for FY26.
Facilities by ADF plc, a leading provider of premium serviced production facilities to the UK film and high-end television (HETV) industry, reported its final results for the year ended 31 December 2025. The company experienced a 17% increase in group revenue to £41.3 million, driven by the full-year contribution from Autotrak and improved performance in the second half of the year. Adjusted EBITDA rose to £9.2 million, with a marginexpansion to 22%, attributed to enhanced efficiencies and Autotraks contribution. Net debtdecreased to £12.3 million, reflecting disciplined cash and capital management.
Operationally, the company supported 311 productions, a 5% increase, with notable projects including *Black Doves*, *Ted Lasso*, and *The Witcher*. Autotrak, acquired in 2024, contributed £9.3 million in revenue, diversifying the customer base across construction, events, and infrastructure markets. Non-film and HETV revenue increased by 96% to £3.9 million. The companys Net Promoter Score improved to 89, indicating strong customer satisfaction.
Strategically, ADF secured a £5.0 million Revolving Credit Facility post-year-end to support growth and paid an interim dividend of 0.3 pence per share. The company appointed Nicola Pearcey as CEO and Will Worsdell as CFO, strengthening its leadership team. The outlook for FY26 is positive, with Q1 trading in line with expectations and a healthy pipeline across all businesses. The UKs strong global investment in film and HETV, coupled with ADFs strategic focus on customer-centric growth and diversification, positions the company well for future success.
IXICO PLC reports stronggrowth in H1 2026, with revenues up 23% to £3.9 million, gross margin increasing to 53%, and order book rising 38% to £18.1 million. EBITDA loss narrowed to £0.5 million, reflecting strategic investments in growth. A £10 million capital raise supports the Tech Bio strategy to enhance the IXITM platforms integration with CROs and healthcare providers. Interim results will be released on May 19, 2026, with a live presentation for shareholders.
THG PLC reports strong Q1 2026 results with 7.0% revenuegrowth, the best Q1 performance since 2021. THG Beauty and THG Nutrition both saw growth, driven by strong US performance, UK market share gains, and expansion into higher-margin categories. Full-year guidance is reiterated, with confidence in continued market share gains and pricing strategies. Cash flow performance was the strongest in three years, supporting full-year free cash flow guidance. Despite geopolitical uncertainties, THG enters Q2 with momentum, building on a better-than-expected Q1.
Nichols PLC reports a positive start to FY26 with revenuegrowth of 4.3% to £41.0m in Q1, driven by strong performances in UK and International Packaged segments. UK Packaged revenues rose 3.8% to £22.1m, while International Packaged revenues increased 11.1% to £10.0m, led by West Africa. Out of Home revenues declined 3.3% to £8.7m due to strategic exits and focus on profitability. The Group maintains a strong balance sheet with net cash of £59.8m. Full-year guidance remains unchanged, with performance expected to be weighted towards H2 due to shipment timing. The company continues to monitor Middle East conflict impacts and has mitigation plans in place. New CFO Matthew Rothwell joins the Board, and the Group remains well-positioned for continued profitable growth.
Checkit PLC, an automated monitoring and operational intelligence platform, reported its final results for the year ended 31 January 2026 (FY26). Key highlights include
1. **Financial Performance**
Achieved Adjusted EBITDA profitability of £0.3 million, a significant improvement from a £2.3 million loss in FY25.
Annual Recurring Revenue (ARR) was £14.3 million, a 1% reduction but up 2% at constant currency. Underlying ARR growth was 5%, excluding a single large US customer reduction.
Net cash position of £3.0 million at year-end, reflecting a cash-generative second half.
2. **Operational Efficiency**
Completed a £4 million cost-saving program, reducing the cost base.
Maintained high-quality revenue, with recurring revenue representing 96% of total revenue.
Launched a redesigned user interface and improved user experience, leveraging AI for faster delivery and enhanced customer engagement.
3. **Strategic Developments**
The Board initiated a Formal Sale Process on 26 March 2026, seeking offers for the Group. This decision was driven by the belief that private ownership could unlock substantial profitable growth through cost normalization, operational leverage, and strategic synergies.
Planned strategic retirement of a legacy product in FY27 to unify the platform and launch a next-generation solution, doubling penetration potential and clearing the path for aggressive customer expansion.
4. **Outlook**
Focus on long-term scalabilityprofitabilityand strategic clarity.
Increased focus on the US market, the largest and most scalable addressable market, to drive enterprise engagement and account expansion.
Checkit’s FY26 results reflect a structural reset, improved financial discipline, and positioning for future growth, despite challenges in the broader technology landscape. The Formal Sale Process underscores the Board’s commitment to maximizing shareholder value.
Financial Metric
FY25 (£m)
FY26 (£m)
Change (£m)
Change (%)
Revenue
14.1
13.7
-0.4
-2%
Recurring Revenue
13.1
13.2
0.1
1%
Adjusted EBITDA
(2.3)
0.3
2.6
113%
Net Cash
2.7
3.0
0.3
11%
Operating Costs
14.5
11.6
-2.9
-20%
Non-recurring or Special Items
0.5
1.1
0.6
120%
Cash and Cash Equivalents
5.1
3.0
-2.1
-41%
### Key Observations:
1. **Revenue**: Decreased by 2% year-on-year, primarily due to a reduction in non-recurring revenue. 2. **Recurring Revenue**: Increased slightly by 1%, with underlying growth of 5% excluding a single large US customer reduction. 3. **Adjusted EBITDA**: Turned profitable, improving by 113% to £0.3m, ahead of expectations. 4. **Net Cash**: Increased by 11% to £3.0m, reflecting a cash-generative second half. 5. **Operating Costs**: Reduced by 20% due to a £4m cost-saving program. 6. **Non-recurring or Special Items**: Increased significantly due to restructuring and transaction costs. 7. **Cash and Cash Equivalents**: Decreased by 41% to £3.0m, primarily due to restructuring costs and pre-restructuring cash outflows.
System1 Group PLC reports steady FY26 revenue at £37m, with a strong H2 performance driven by 4% YoY growth, record 6-month revenue, and new client wins. Adjusted EBITDA declined to £3.6m due to investments and restructuring costs, but cost savings of £1m annually were achieved. Strategic progress included 19% innovation revenuegrowth, 7% US platform revenuegrowth, and partnerships with 48 of the top 100 global brands. FY27 outlook is positive, with expected revenue and profitgrowth, improved EBITDA margin (≥15%), and confidence in consensus forecasts. The company secured over 300 new platform clients, strengthened its AI partnership with BionicX, and closed its largest-ever US sales contract, positioning it for sustained growth.
ActiveOps PLC reports strong FY26 performance with 48% revenuegrowth to £45.0m, driven by new customer wins, expansion sales, and the Enlighten acquisition. Net Revenue Retention (NRR) increased to 119%, and organic Annual Recurring Revenue (ARR) grew 25% to £35.6m. Adjusted EBITDA rose to £4.2m, and period-end cash stood at £23.6m. The company strengthened its balance sheet post-period with a £7.4m trademark sale. Despite a contract termination from an Enlighten customer, the acquisition remains accretive. ActiveOps plans to announce FY26 results on July 2, 2026, and remains confident in its growth strategy, supported by product innovation and expanded sales capabilities.
Gresham House Energy Storage Fund (GRID) reported strong full-year results for 2025, highlighting significantgrowth in operational capacity, cash generation, and NAV per share. Key achievements include
* **Increased operational capacity** 1,072MW / 1,701MWh, up from 845MW/1,207MWh in 2024.
* **Revenue and EBITDA growth** Unaudited operational portfolio revenues rose 29.9% to £60.4mn, and EBITDA increased 33.4% to £38.8mn.
* **Progress on Three-year Plan** Completed augmentations of 330MWh across 7 projects, with 350MWh more underway in 2026.
* **Alternative Revenue strategy** Formal trials showed promising results, exceeding expectations and doubling existing revenues on trial capacity.
* **Funding secured** £220mn amortizing debt facility closed, and equity funding secured for project augmentation.
Despite delays in connection dates due to NESOs Queue Reform Process, GRID remains confident in its growth trajectory, targeting further capacity expansion, revenuegrowth, and NAV per share increase in 2026. The company is well-positioned to capitalize on the growing demand for battery energy storage systems in the UK, driven by the need to reduce dependence on imported fossil fuels and support renewable energy integration.
World Chess PLC, a London-listed chess organization, reported its financial results for the year ended December 31, 2025. Key highlights include
**Revenue Growth** Revenue from continuing operations increased by 11% to €2,029,433, driven by digital and media activities. The World Chess Online Arena saw a 25% revenue increase to €863,751.
**User Growth** The platform exceeded one million registered users, with India representing 33% of paid subscribers and 25% of total users.
**Product Development** Launched "The Tower," a player progression system, rebuilt the mobile app, and appointed a Head of Mobile Design.
**Partnerships** Extended partnership with Algorand Foundation and added TipRanks as a commercial partner.
**Strategic Shift** Closed the Berlin Chess Club, focusing on digital revenue streams and online subscriber growth.
**Financial Performance** Loss before tax from continuing operations narrowed to €2,685,342, reflecting cost discipline and targeted investment.
**Capital Raising** Secured investment from strategic partners, strengthening the capital base.
**Governance** Maintained focus on governance, liquidity, and risk management.
**Future Outlook** The company aims to scale its user base, offer new ways to enjoy chess, and expand into club and federation technology tools.
Despite challenges, World Chess PLC is positioned for growth, leveraging its digital platform and strategic partnerships to enhance its global chess community.
Financial Metric
2025 (€)
2024 (€)
Year-on-Year Change (€)
Year-on-Year Change (%)
Revenue from Continuing Operations
2,029,433
1,820,801
208,632
11%
Total Revenue (Including Discontinued Operations)
2,262,115
2,434,173
(172,058)
-7%
Loss Before Tax from Continuing Operations
2,685,342
2,822,879
137,537
-5%
Loss from Discontinued Operations (Net of Tax)
974,407
972,050
2,357
0.2%
Total Loss
3,659,941
3,795,146
135,205
-4%
Gross Profit
609,532
489,002
120,530
25%
Gross Profit Margin (%)
30%
27%
3%
11%
Administrative Expenses
3,274,230
3,289,653
(15,423)
-0.5%
Operating Loss from Continuing Operations
2,664,698
2,800,651
135,953
-5%
Net Cash Used in Operating Activities
2,491,890
2,356,219
135,671
6%
Net Debt
(9,215)
(2,739,286)
2,730,071
-99.7%
### Key Observations:
1. **Revenue from Continuing Operations** increased by 11% year-on-year, driven by growth in digital and media activities.
2. **Total Revenue** decreased by 7% due to the closure of the Berlin club, which was part of discontinued operations.
3. **Loss Before Tax from Continuing Operations** improved by 5%, reflecting cost discipline and targeted investment.
4. **Gross Profit Margin** improved from 27% to 30%, driven by a higher proportion of digital revenues.
5. **Net Debt** significantly improved, moving from a net debt position of €2.74 million in 2024 to a near net cash position in 2025, primarily due to equity funding.
CAB Payments Holdings PLC reported strong Q1 2026 income performance, with total income up 35% YoY to £34 million and total income (excluding net interest income) up 60% YoY to £26 million. This growth reflects strategic execution, business mix shifts, and improved margins. Client activity increased, with FX volumes up 5% YoY and emerging market volumes up 15% YoY. The company added 13 new clients and expanded its partner network. Net interest income was only 10% lower YoY despite interest rate reductions. Strategic progress included new partnerships, office activations, and client transactions. Medium-term guidance remains unchanged, with expected high-teens to low-20s percentage CAGR in total income (excluding net interest income) over the next three years.
Accsys Technologies PLC reports strong FY26 performance, with record Accoya sales volumes and significant strategic progress. Key highlights include
**Revenue Growth**Group revenue increased by 20% like-for-like to €153m, driven by robust demand for Accoya products, particularly Accoya Color.
**Sales Volumes**Total sales volumes (Group + JV) rose by 21% to 77,237m³, with notable growth in North America (60%), UK&I (12%), Rest of Europe (23%), and Rest of World (9%).
**North America Performance**Accoya USA joint venture saw significant sales volume growth of 60%, capturing market opportunities and mitigating tariff impacts.
**Profitability**Adjusted EBITDA is expected to align with market consensus of €21.0 million.
**Deleveraging**Net debtreduced to €41.4m, reflecting disciplined capital allocation.
**Strategic Progress**Continued execution of the FOCUS strategy, strengthening market position and resilience for sustainable long-term growth.
Full-year results will be announced on 16 June 2026.
Capital Limited reports a record Q1 2026 revenue of $101.7 million, up 41.6% YoY, driven by strong performance across drilling, mining, and MSALABS segments. Key highlights include a 2,900% surge in mining revenue, new contract wins, and increased laboratory utilization. Despite geopolitical tensions impacting logistics and investments, the company reaffirms its 2026 revenue guidance of $410–$440 million, supported by ramping contracts, full mining run rates, and new laboratory commissioning.
Comptoir Group Plc, a UK-based restaurant operator specializing in Lebanese and Middle Eastern cuisine, reported its FY 2025 results for the 52-week period ending December 28, 2025. Key highlights include
**Revenue and Profitability** Group revenue slightly decreased to £33.0 million (from £34.6 million in 2024), but like-for-like (LFL) sales grew by 0.2%. Adjusted EBITDA improved to £1.1 million (from £0.8 million in 2024), while the IFRS loss after tax narrowed to £1.4 million (from £1.9 million in 2024).
**Operational Focus** The company prioritized operational improvements, menu enhancements, and value offerings to strengthen its customer proposition in a challenging trading environment.
**Site Operations** Comptoir owns and operates 20 sites, with an additional 6 franchise sites. During the year, two sites (Kenza and Comptoir Bluewater) were closed.
**Financial Position** Adjusted net cash decreased to £1.9 million (from £3.0 million in 2024) due to exceptional costs and historic liability settlements. The basic loss per share improved to (1.12) pence (from (1.58) pence in 2024).
**Strategic Initiatives** The company focused on driving covers through value offerings rather than price increases, which temporarily slowed LFL growth but is expected to yield long-term benefits. Cost management and operational efficiencies contributed to EBITDA growth.
**Franchise Expansion** Franchise operations showed strong performance, particularly the Milan site, which exceeded expectations. A new franchise agreement was signed for a Venice site opening in May 2026.
**Challenges and Outlook** The company faces ongoing macroeconomic challenges, including cost-of-living pressures and inflation. Despite these headwinds, Comptoir remains confident in its strategy, emphasizing sustainable growth and expansion for 2026 and beyond.
**Key Financial Metrics**
**Revenue** £33.0 million (2024: £34.6 million)
**Adjusted EBITDA** £1.1 million (2024: £0.8 million)
**IFRS Loss After Tax** £1.4 million (2024: £1.9 million)
**Adjusted Net Cash** £1.9 million (2024: £3.0 million)
**Basic Loss Per Share** (1.12) pence (2024: (1.58) pence)
**Strategic Focus**
**Value Proposition** Emphasis on value for money and customer experience to drive long-term loyalty.
**Operational Efficiency** Continued focus on cost management and operational improvements.
**Expansion** Modest expansion of both company-owned and franchise sites, with a new Shawa site planned for London in H2 2026.
**Challenges**
**Macroeconomic Environment** Cost-of-living pressures and inflation impacting consumer spending.
**Geopolitical Risks** Monitoring the situation in the Middle East for potential supply chain and consumer sentiment impacts.
**Outlook**
Comptoir Group remains focused on driving improvement and expansion, leveraging its operational enhancements and strengthened menu offerings to navigate challenges and achieve sustainable growth.
Here is the comparison of financials and debt year on year in an HTML table format:
Metric
2024
2025
Change
Revenue (£'000)
34,619
32,998
(4.7%)
Gross Profit (£'000)
27,813
27,059
(2.7%)
Operating Loss (£'000)
(831)
(542)
34.8%
Loss for the Period (£'000)
(1,943)
(1,373)
29.3%
Adjusted EBITDA (£'000)
800
1,100
37.5%
Adjusted Net Cash (£'000)
3,000
1,900
(36.7%)
Total Debt (£'000)
1,000
450
(55.0%)
**Notes:** * The revenue decrease is mainly due to site closures and a focus on covers recovery rather than pricing.
* The improvement in adjusted EBITDA is a result of cost control measures and operational efficiencies.
* The decrease in adjusted net cash is primarily due to exceptional costs associated with site closures, restructuring, and settlement of historic liabilities.
* The reduction in total debt is due to repayments made during the year. This table provides a concise overview of the key financial metrics and debt position, highlighting the changes between 2024 and 2025.
IntegraFin Holdings plc (IHP) reported strong Q2 FY26 performance, with net inflows to the Transact platform reaching £1.3bn, up 8% year-on-year, and record gross inflows of £3.1bn, up 15%. Funds under direction (FUD) increased 18% to £77.8bn, driven by net inflows and market recovery. Total Group revenue is expected to rise 11% to £85.8m in H1 FY26. IHP highlighted cost management initiatives, AI integration, and sustained adviser platform market share growth. Despite global market volatility, diversified client investments mitigated impact, positioning the Group for accelerated profitgrowth and margin enhancement.
Billington Holdings PLC, a UK-based structural steel and construction safety solutions specialist, reported its financial results for the year ended December 31, 2025. Despite challenging market conditions, the company demonstrated resilience with a revenue of £95.7 million, a decrease from £113.1 million in 2024, primarily due to a shift towards more complex projects with reduced steel content. Underlying profit before tax was £4.1 million, impacted by £2.8 million in non-underlying costs related to the closure of the Yate facility. Profit before tax was £1.3 million, and the company maintained a strong cash balance of £20.5 million, remaining debt-free. The company recommended a dividend of 11.0 pence per share, reflecting its commitment to shareholders while maintaining a robust balance sheet. Operationally, Billington focused on efficiency, consolidating its structural steel operations in Barnsley, and secured a healthy order book for 2026 and 2027, positioning itself for improved performance in the coming year.
Intercede Group PLC announces new contract upsell orders and a renewal, totaling approximately $3.8 million, highlighting improving order intake momentum as it enters the new financial year. The deals include upsells to a large US Federal Agency and a UK Government Department, as well as a renewal with a US Federal Agency, all for MyID CMS licenses and support. CEO Klaas van der Leest expressed confidence in the companys pipeline conversion and the encouraging scale of upsell activity with existing government customers, positioning the company strongly for FY27.
THG PLC reports strong Q1 2026 results with 7.0% revenuegrowth, the best Q1 performance since 2021. THG Beauty and THG Nutrition both saw growth, driven by strong US performance, UK market share gains, and expansion into higher-margin categories. Full-year guidance is reiterated, with confidence in continued market share gains and pricing strategies. Cash flow performance was the strongest in three years, supporting full-year free cash flow guidance. Despite geopolitical uncertainties, THG enters Q2 with momentum, building on a better-than-expected Q1.
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