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2026-01-29 / ALL-MARKETS
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All Market News Today All digested RNS titles 523
PINE logo
All News 17:33
PINE

Response to Press Speculation

Pinewood Technologies Group PLC

**Summary**
Pinewood Technologies Group PLC (Pinewood.AI) has confirmed discussions with Apax Partners LLP regarding a potential cash offer of 500 pence per share for the entire issued and to-be-issued share capital of the company. The offer, which includes an unlisted partial share alternative, follows earlier approaches by Apax. Pinewood.AIs board, after careful consideration, is minded to recommend the offer to shareholders if a firm intention is announced under the City Code on Takeovers and Mergers (the "Code"), subject to due diligence and other conditions. Apax must decide by February 26, 2026, whether to proceed with a firm offer or withdraw. The announcement emphasizes regulatory compliance, disclosure requirements, and the absence of certainty regarding a final offer. Pinewood.AI, a leading cloud-based technology provider to automotive retailers and OEMs, has 115,099,977 ordinary shares in issue as of January 29, 2026. The full announcement is available on Pinewood.AIs website.
Speculation
CABP logo
All News 16:27
CABP

ADGM Licence and global clearing partner secured

CAB Payments Holdings Ltd

**Summary**
CAB Payments Holdings PLC, a leading B2B FX and Payments provider, announced two significant developments on January 29, 2026. First, its Middle Eastern subsidiary, CAB Global Markets (CAB GM), secured a Category 2 Financial Services Permission from the Abu Dhabi Global Market (ADGM)s Financial Services Regulatory Authority (FSRA). This license enables CAB GM to facilitate cross-border payments, foreign exchange transactions, trade finance, and credit arrangements, strengthening its presence in fast-growing markets across Africa, South Asia, and the Middle East.
Second, CAB established a strategic global clearing partnership with another leading bank, enhancing access to USD and Euro clearing services. This partnership deepens liquidity, improves connectivity with key regions, and bolsters operational resilience.
Group CEO Neeraj Kapur emphasized these developments as pivotal steps in CABs strategy, expanding its reach in key growth regions and reinforcing its commitment to delivering prosperity in the markets it serves. CAB Payments, with its 180-year legacy, connects hard-to-reach financial markets globally, operating with a strong focus on sustainability and ethical practices.
Partner
OTB logo
All News 15:10
OTB

Holding(s) in Company

On The Beach Group PLC

TR1 Buy
['Artemis Investment Management LLP', '10.048394', '6.64126']
IMI logo
All News 14:39
IMI

Holding(s) in Company

IMI PLC

<mark style="background-coloryellow">TR1</mark> Buy
['BlackRock, Inc.', '4.640000', 'Below 5']
IPF logo
All News 14:26
IPF

Form 8.3

International Personal Finance PLC

LABS logo
All News 14:12
LABS

Holding(s) in Company

Life Science REIT PLC

TR1 Buy
['Jefferies Financial Group Inc', '0.274000', '0.105000']
TEP logo
All News 14:08
TEP

Holding(s) in Company

Telecom Plus PLC

<mark style="background-coloryellow">TR1</mark> Buy
['BlackRock, Inc.', '4.710000', 'Below 5']
WINE logo
All News 14:06
WINE

Director/PDMR Shareholding

Naked Wines plc

Following the <mark style="background-color:yellow">purchase</mark> of shares, Mr. Pailings beneficial interest in the Company and that of persons closely associated with him is 814,814 Ordinary Shares representing approximately 1.18% of the issued share capital of the Company.
LABS logo
All News 13:29
LABS

Holding(s) in Company

Life Science REIT PLC

TR1 Buy
['Rathbones Investment Management Ltd', '10.615200', '11.171500']
WVIA logo
All News 13:16
WVIA

Director/PDMR Shareholding

Winvia Entertainment PLC

The Company announces that on 28 January 2026, Tim Lloyd-Hughes, Non-Executive Director of the Company, transferred 2,564 Ordinary Shares of 0.5 pence each in the Company ("Ordinary Shares") into his ISA. The transfer was effected through a sale of 2,564 Ordinary Shares at price of 237.5 pence per share and immediate re<mark style="background-color:yellow">purchase</mark> of 2,564 Ordinary Shares into his ISA, at a price of 237.5 pence per share.
SYS logo
All News 13:12
SYS

Contract win with the Scouts Association

SysGroup PLC

**Summary**
SysGroup PLC, a provider of managed IT services and cloud solutions, announced on January 29, 2026, that it has secured a new three-year contract with The Scouts Association (Scouts), the UKs largest youth movement. This agreement, awarded after a competitive tender process, expands the range of managed network services SysGroup will provide to Scouts, building on their long-standing relationship. The contract leverages SysGroups visibility-led operating model, which uses data and AI-driven insights to enhance decision-making, risk management, and service delivery.
Key highlights include
SysGroup will continue to support Scouts national network infrastructure, offering improved visibility, assurance, and operational oversight.
Scouts Head of Technology & Digital, Jason Mason, praised SysGroups understanding of their organization and requirements.
SysGroups CTO, Simon Kirkup, emphasized the companys evolving operating model, focusing on visibility, automation, and intelligence to foster long-term partnerships.
This non-regulatory announcement underscores SysGroups commitment to delivering transformative IT solutions and strengthening client relationships. For more information, visit [www.sysgroup.com](http://www.sysgroup.com).
NewContract
IPF logo
All News 12:53
IPF

Holding(s) in Company

International Personal Finance PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Chase & Co.', '0.740988', 'Below Minimum Threshold']
IPF logo
All News 12:53
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['JPMorgan Chase & Co.', '0.850964', '0.740988']
IPF logo
All News 12:48
IPF

Form 8.3

International Personal Finance PLC

GEX logo
All News 12:18
GEX

Holding(s) in Company

Georgina Energy PLC

<mark style="background-coloryellow">TR1</mark> Buy
['CSS ALPHA FUND AIFLNP VCIC LTD', '5,304,646', '7,304,646']
IPF logo
All News 11:29
IPF

Form 8.3

International Personal Finance PLC

MFAI logo
All News 09:46
MFAI

New Investment in AI Sales Execution Company

Mindflair Plc

**Summary**
Mindflair plc, an AIM-quoted investment company focused on AI and related technologies, announced that Sure Valley Ventures (SVV) third fund (SVV3), in which Mindflair holds an interest, has invested in Overpath Limited, an Ireland-based AI sales execution platform. Overpath raised €1.6 million in pre-seed funding, led by Elkstone Ventures, to accelerate product development and expand enterprise partnerships. The platform uses AI to analyze live sales data, helping organizations identify execution risks early and recommend proactive actions to improve sales outcomes. Founded by experienced enterprise software operators Ross Keating and Dermot OConnor, Overpath aims to address a critical gap in revenue technology by focusing on sales execution rather than retrospective analytics. Nicholas Lee, Director of Mindflair, highlighted the investment aligns with their strategy of backing differentiated AI companies solving real operational challenges. Mindflair continues to build a portfolio of high-growth AI-focused businesses across sectors like IoT, cybersecurity, and machine learning.
AI
COST logo
All News 09:18
COST

Holding(s) in Company

Costain Group PLC

TR1 Buy
['UBS Group AG-Investment Bank & Global Wealth Management', '8.372246', '7.933702']
GEN logo
All News 09:16
GEN

Holding(s) in Company

Genuit Group plc

TR1 Buy
['Wellington Management Group LLP', '4.370000', '4.300000']
GEN logo
All News 09:07
GEN

Holding(s) in Company

Genuit Group plc

TR1 Buy
['Wellington Management International Ltd', '4.370000', '4.300000']
NCC logo
All News 08:12
NCC

Dealing Disclosure under Rule 8 Takeover Code

NCC Group plc

**Summary**
On **29 January 2026**, **Mike Maddison**, a person acting in concert with the offeree **NCC Group plc**, disclosed his interests and rights under **Rule 8 of the Takeover Code**. The disclosure, filed via **RNS** (Regulatory News Service), details Maddison’s holdings and options in **NCC Group plc** as of **23 January 2026**.
**Key Points**
1. **Holdings** Maddison owns **172,170 ordinary shares** (0.00055% of the company) with no short positions.
2. **Options** He holds **nil-cost options** and **deferred bonus options** totaling **3,405,052 shares** under various performance-based and bonus plans, granted between **2022 and 2026**. Vesting and lapse dates range from **2025 to 2036**.
3. **Dealings** No purchases, sales, or derivative transactions were reported.
4. **Other Arrangements** No indemnities, agreements, or understandings related to voting rights or derivatives were disclosed.
The disclosure complies with **Takeover Code** requirements, with no supplemental forms attached. **Elizabeth Duncan-Lee** is the contact for further inquiries.
**Purpose** The filing ensures transparency in dealings related to **NCC Group plc** during a potential takeover or offer process.
DirectorDealing
NCC logo
All News 08:12
NCC

Dealing Disclosure under Rule 8 Takeover Code

NCC Group plc

**Summary**
On **29 January 2026**, **Guy Ellis**, a person acting in concert with the offeree **NCC Group plc**, disclosed dealings under **Rule 8 of the Takeover Code**. The disclosure details Elliss interests and rights in **NCC Group plc**s ordinary shares as of **23 January 2026**. Key points include
1. **Interests and Short Positions**
Ellis holds **1,833 ordinary shares** (0.00058% of the company), with no short positions.
2. **Rights to Subscribe**
Ellis holds **nil-cost options** and **deferred bonus options** totaling **1,376,079 shares** under various employee share plans, with vesting and lapse dates ranging from **2025 to 2036**.
3. **Dealings**
No purchases, sales, or derivative transactions were reported.
4. **Other Information**
No indemnity arrangements, agreements, or supplemental forms were disclosed.
The disclosure was made through **RNS**, the news service of the London Stock Exchange, and complies with the **Takeover Code** requirements. Contact details for further information are provided.
DirectorDealing
SBTX logo
All News 06:01
SBTX

Holding(s) in Company

SkinBioTherapeutics PLC

<mark style="background-coloryellow">TR1</mark> Buy
['Mark H Dixon and Diana Dixon', '19.312', 'n/a']
LLOY logo
All News 06:01
LLOY

2025 results

Lloyds Banking Group PLC

<mark style="background-coloryellow"></mark>
RNK logo
All News 06:01
RNK

Half-year Report

Rank Group PLC

**Summary of Rank Group PLC Half-Year Report (H1 2025/26)**
**Financial Performance Highlights**
**Revenue Growth** Like-for-like (LFL) net gaming revenue (NGR) increased by 6% to £419.8 million, driven by growth across all business segments.
**Profitability** Underlying LFL operating profit rose by 15% to £40.6 million, despite a statutory operating profit decline to £31.3 million due to a £6.5 million loss from a payment fraud incident in Spain.
**Cash Position** Net cash (pre-IFRS 16) improved by 63% to £39.4 million, with net free cash flow at £3.8 million.
**Dividend** Interim dividend increased by 54% to 1.00 pence per share, reflecting confidence in the Group’s outlook.
**Segment Performance**
**Venues** LFL NGR grew by 5% to £296.1 million, with Grosvenor venues up 6% and Mecca venues up 4%.
**Digital** LFL NGR increased by 8% to £123.7 million, led by 17% growth in Grosvenor online and 5% in Mecca online.
**International** Spain’s digital revenues grew by 1%, while Portugal’s YoBingo soft launch was successful, with a full launch planned for February 2026.
**Strategic Initiatives**
**Grosvenor Venues** Installed 850 additional gaming machines across 37 venues, with plans to optimize product offerings and layouts in H2.
**Digital Mitigation** Implemented measures to offset the impact of the Remote Gaming Duty (RGD) increase from 21% to 40%, including reduced media spend and renegotiated supplier contracts.
**Safer Gambling** Enhanced customer monitoring systems and joined GamProtect, a cross-operator data-sharing initiative to protect vulnerable customers.
**Challenges**
**Cost Headwinds** Increased employment costs and the RGD hike will impact profitability, particularly in Q4 and beyond.
**Fraud Incident** A £6.5 million loss from payment fraud in Spain was classified as a separately disclosed item.
**Outlook**
**Medium-Term Target** Remains focused on delivering at least £100 million in annual operating profit.
**Leadership Transition** John OReilly retired as CEO, with Richard Harris appointed as interim CEO.
**Sustainability and Governance**
**Environmental** Achieved a 41% reduction in emissions, driven by renewable energy adoption and decarbonization efforts.
**Board Changes** John H. Ott appointed as Chair, replacing Karen Whitworth.
**Conclusion**
Rank Group demonstrated resilience with strong H1 performance, despite challenges like the RGD increase and fraud incident. Strategic investments in venues and digital, coupled with cost mitigation measures, position the Group to navigate headwinds and pursue its medium-term profit target.
Here’s an HTML table comparing the financials and debt year on year for Rank Group PLC based on the provided text:
MetricH1 2025/26H1 2024/25Change
Financial KPIs
Group Underlying LFL Net Gaming Revenue (NGR)£419.8m£395.6m6%
Venues Underlying LFL NGR£296.1m£280.8m5%
Digital Underlying LFL NGR£123.7m£114.8m8%
Underlying LFL Operating Profit£40.6m£35.2m15%
Net Cash Pre IFRS 16£39.4m£24.2m63%
Underlying Earnings Per Share5.6p4.8p17%
Return on Capital Employed (ROCE)15.9%13.3%2.6 %pts
Statutory Performance
Reported NGR£420.0m£401.8m5%
Total Group Operating Profit£31.3m£35.2m(11)%
Profit Before Taxation£23.9m£29.4m(19)%
Profit After Taxation£18.5m£24.9m(26)%
Net Free Cash Flow£3.8m£4.3m(12)%
Net Debt£(165.1)m£(124.1)m33%
Basic Earnings Per Share4.0p5.3p(25)%
Dividend Per Share1.00p0.65p54%
### Key Highlights: 1. **Revenue Growth**: Group underlying LFL NGR increased by 6% to £419.8m, driven by growth across all businesses. 2. **Profitability**: Underlying LFL operating profit rose by 15% to £40.6m, despite cost pressures. 3. **Net Cash**: Net cash pre IFRS 16 increased significantly by 63% to £39.4m. 4. **Debt**: Net debt increased by 33% to £(165.1)m, primarily due to lease liabilities. 5. **Dividend**: Dividend per share increased by 54% to 1.00p, reflecting confidence in the Group's outlook. This table provides a clear comparison of key financial metrics and debt levels between H1 2025/26 and H1 2024/25.
WNX logo
All News 06:01
WNX

Q2 FY26 Quarterly Update and Appendix 4C

Wellnex Life Limited

**Summary of Wellnex Life Limited Q2 FY26 Quarterly Update and Appendix 4C**
Wellnex Life Limited (ASX/AIMWNX) released its Q2 FY26 quarterly update and Appendix 4C on January 29, 2026, highlighting significant operational and financial improvements. Key takeaways include
1. **Financial Performance**
Operating cash outflow improved to $(0.16) million, a substantial reduction from $(2.98) million in Q1 FY26, driven by 31.5% quarter-on-quarter (QoQ) revenue growth and cost-cutting measures.
Customer cash receipts rose to $5.10 million, up from $4.54 million in Q1 FY26.
Total revenue increased to $7.1 million, with IP Licensing revenue surging by 1,000% to $3.3 million, offsetting a 25.5% decline in Brands revenue to $3.8 million due to strategic consolidation of non-core assets.
Gross profit grew by 16.7% to $2.1 million.
2. **Cash Position**
Quarter-end cash balance increased to $0.98 million, with $2.01 million in undrawn financing facilities available.
Total financing facilities stood at $11.65 million, with $9.65 million drawn.
3. **Strategic Focus**
The company continues its turnaround strategy, focusing on core brands like Pain Away, improving cash conversion, and strengthening the balance sheet.
Manufacturing and operating cash flows normalized after a one-off raw material purchase in Q1 FY26.
4. **Corporate Updates**
Payments of $0.36 million were made to related parties for directors fees, executive remuneration, and associated costs.
The Board remains optimistic about execution and engagement across the business, with efforts to enhance margins and reduce costs.
5. **Investor Engagement**
Executive Chairman Ash Vesali will host a live investor briefing on February 2, 2026, at 11 am (AEDT).
6. **Appendix 4C Highlights**
Net cash from operating activities improved to $(0.16) million.
Financing activities contributed $0.965 million in net cash.
Estimated cash available for future operations is $2.98 million, sufficient for approximately 18.3 quarters based on current cash outflows.
Wellnex Life remains committed to its strategic goals, with a focus on profitability and sustainable growth.
Below is an HTML table comparing the financials and debt year on year based on the provided text. The table includes key metrics such as revenue, gross profit, cash balance, and debt levels for Q2 FY26 and Q1 FY26.
MetricQ2 FY26Q1 FY26% Change
Revenue
Brands$3.8 million$5.1 million(25.5%)
IP Licensing$3.3 million$0.3 million1000%
Total Revenue$7.1 million$5.4 million31.5%
Gross Profit$2.1 million$1.8 million16.7%
Operating Cash Flow$(0.16) million$(2.98) million94.6% Improvement
Customer Cash Receipts$5.10 million$4.54 million12.3%
Cash Balance (Quarter End)$0.98 millionNot ProvidedN/A
Total Debt Drawn$9.65 millionNot ProvidedN/A
Unused Financing Facilities$2.01 millionNot ProvidedN/A
### Notes: 1. **Year-on-Year Comparison**: The provided text only includes data for Q2 FY26 and Q1 FY26, so a full year-on-year comparison is not possible. The table compares the two quarters instead. 2. **Debt and Cash Balance**: The debt and cash balance figures are based on the information provided in the Appendix 4C and the main text. 3. **Percentage Changes**: Calculated based on the available data for Q2 FY26 and Q1 FY26. This table provides a clear comparison of key financial metrics between Q2 FY26 and Q1 FY26, highlighting improvements and changes in revenue, cash flow, and debt levels.
SOM logo
All News 06:01
SOM

Trading Update

Somero Enterprise Inc

**Summary**
Somero Enterprises Inc. released a trading update for the financial year ended 31 December 2025, highlighting improved performance in the second half (H2) of the year. Key points include
1. **Financial Performance**
FY 2025 revenue is expected to be approximately **US$88.9 million**, in line with guidance and market expectations, with H2 revenues up **23.4%** to **US$49.1 million**.
New product launches, including the S-15EZ and Hammerhead Laser Screed, contributed **US$13.0 million** in H2.
FY 2025 adjusted EBITDA is expected to be **US$17.5 million**, and year-end cash is better than anticipated at **US$33.2 million**.
2. **Regional Performance**
**North America** revenues declined to **US$68.1 million** due to mixed demand in non-residential construction.
**Europe** revenues improved in H2 but remained lower at **US$8.9 million** due to macroeconomic and geopolitical challenges.
**Australia** revenues normalized to **US$5.6 million** (down 15%) after exceptional growth in prior periods.
**Rest of World** revenues remained consistent at **US$6.3 million**.
3. **Strategic Progress**
The company is advancing its long-term strategy under the pillars of **Fortify, Innovate, and Amplify**, with initiatives underway to strengthen market presence and product offerings.
4. **Outlook for FY 2026**
The Board anticipates **market volatility** to continue, with overall trading expected to be **broadly similar** to FY 2025.
Strategic initiatives, including expanding the product range, are expected to contribute meaningfully to FY 2026 performance.
5. **Management Commentary**
CEO Tim Averkamp emphasized strong H2 performance, positive customer response to new products, and disciplined execution despite near-term uncertainties.
The company remains focused on innovation, margin protection, and preparing for growth when market conditions improve.
Someros final results for 2025 are scheduled for release on **10 March 2026**.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY 2025FY 2024Change
Revenue (US$ m)88.9109.2-18.6%
North America68.182.2-17.2%
Europe8.914.6-39.0%
Australia5.66.6-15.2%
Rest of World6.35.8+8.6%
Parts and Service Revenue17.019.1-11.0%
Adjusted EBITDA (US$ m)17.5Not ProvidedN/A
Year-End Cash (US$ m)33.2Not ProvidedN/A
### Notes: 1. **Revenue**: The overall revenue decreased by 18.6% from FY 2024 to FY 2025. Regional breakdowns show declines in North America, Europe, and Australia, with a slight increase in the Rest of World segment. 2. **Parts and Service Revenue**: Declined by 11.0%, a smaller decrease compared to overall revenue. 3. **Adjusted EBITDA and Year-End Cash**: FY 2024 figures were not provided, so the change is marked as N/A. 4. **Debt**: No specific debt figures were mentioned in the text, so it is not included in the table. This table provides a clear year-on-year comparison of the key financials mentioned in the text.
WIZZ logo
All News 06:01
WIZZ

Q3 F26 RESULTS

Wizz Air Holdings PLC

**Summary of Wizz Air Holdings PLC Q3 F26 Results (January 29, 2026):**
Wizz Air Holdings PLC, Europes most emissions-efficient airline, reported its unaudited Q3 F26 results for the period ending December 31, 2025. The airline demonstrated robust growth and operational resilience despite ongoing challenges, including GTF engine-related disruptions.
**Key Highlights**
1. **Financial Performance**
**Revenue Growth** Total revenue increased by 10.2% to €1,296.4 million, driven by a 12.5% rise in passengers carried to 17.5 million.
**EBITDA Improvement** EBITDA grew by 12.2% to €176.2 million, with an EBITDA margin of 13.6%.
**Operating Loss** Operating loss widened to €123.9 million, primarily due to higher depreciation charges related to older aircraft maintenance.
**Net Loss** Net loss decreased to €139.3 million from €241.1 million in the same period last year.
**Cash Position** Total cash increased by 14.3% to €1,984.8 million, while net debt rose slightly to €5,196.0 million.
2. **Operational Metrics**
**Capacity Expansion** ASK capacity grew by 11.1%, with a 13.1% increase in seats, despite shorter stage lengths.
**Load Factor** Load factor slightly decreased to 89.8% from 90.3%.
**RASK and CASK** Total unit revenue (RASK) declined by 0.8% to €3.83 cents, while total unit cost (CASK) increased by 2.3% to €4.35 cents, driven by higher depreciation, fuel, and airport charges.
3. **Fleet and Network**
**Fleet Growth** Fleet size expanded to 257 aircraft, with a focus on NEO aircraft, which now constitute nearly 75% of the fleet.
**Network Expansion** CEE market share reached 26%, maintaining Wizz Airs position as the largest CEE operator. New flights were announced across several European cities.
**GTF Engine Issues** Progress was made in addressing GTF engine inspections, with grounded aircraft decreasing to 33 from 40 in December 2024.
4. **Strategic Initiatives**
**Sustainability** Wizz Air maintained its leadership in CO2 emissions efficiency, with a 12-month rolling emissions rate of 50.8g per passenger kilometer.
**Ancillary Products** The All You Can Fly initiative continued to show encouraging results, with a third phase launched offering 10,000 new annual memberships.
**Employee Engagement** Overall employee engagement score increased to 7.5, reflecting improved workplace satisfaction.
5. **Outlook**
**Capacity and Load Factor** ASK capacity is expected to grow by around 10% in F26, with a load factor above 91%.
**Unit Revenue and Costs** Flat unit revenue and modest inflation in total unit costs are forecasted, driven by higher navigation and maintenance costs.
**Net Income** Expected to be in the range of +€25 to -€25 million.
**Leadership Changes**
Ian Malin appointed as Chief Commercial Officer.
Veronika Špaňárová appointed as Chief Financial Officer.
Michael Delehants role renamed to Group Managing Director.
**Conclusion**
Wizz Air demonstrated resilience and growth in Q3 F26, navigating challenges while expanding its network and fleet. The airline remains focused on operational efficiency, sustainability, and strategic initiatives to drive long-term success.
Here’s an HTML table comparing the financials and debt year on year for Wizz Air Holdings PLC based on the provided text:
Metric20252024Change
Period-end fleet size25722613.7%
ASKs (million km)33,84930,48011.1%
Load factor (%)89.890.3(0.5) ppt
Passengers carried (million)17.515.512.5%
Total revenue (€ million)1,296.41,176.810.2%
EBITDA (€ million)176.2157.112.2%
EBITDA Margin (%)13.613.30.2 ppt
Operating loss (€ million)(123.9)(75.9)63.3%
Net loss (€ million)(139.3)(241.1)(42.2)%
Total cash (€ million)1,984.81,736.014.3%
Net debt (€ million)5,196.04,956.34.8%
### Explanation: - **Metrics**: Key financial and operational metrics are listed in the first column. - **2025 and 2024**: Values for the respective years are provided in the adjacent columns. - **Change**: Percentage change or point change (for percentages) between 2025 and 2024 is shown in the last column. This table provides a clear comparison of the year-on-year changes in financials and debt for Wizz Air Holdings PLC.
APTA logo
All News 06:01
APTA

Contract wins and first cash licensing receipts

Aptamer Group PLC

**Summary**
Aptamer Group PLC, a developer of next-generation synthetic binders for the life sciences industry, announced significant commercial progress on January 29, 2026. The company secured **£190,000 in new fee-for-service contracts and extensions**, including repeat business with top-tier pharmaceutical partners, bringing its FY26 fee-for-service order book to over **£2.1 million**. Additionally, Aptamer received its **first cash licensing receipts of £80,000** from a hot-start PCR Optimer® license, marking the transition to high-margin, recurring revenues.
Key highlights include
**Repeat contracts** with a top-10 global pharmaceutical company and other leading industry players, demonstrating sustained adoption of the Optimer® platform.
A new Optimer® development program for novel fertility solutions, with Aptamer retaining full intellectual property rights for potential downstream licensing.
The first cash licensing receipts are expected to contribute **15% of annual overhead** over the next three years, showcasing operational leverage.
A strong financial position with funding runway through **June 2027**, supporting continued revenue growth and progress toward cash-flow break-even.
CEO Dr. Arron Tolley emphasized the company’s progress in building a higher-quality, recurring revenue business, with confidence in delivering year-on-year growth and enhancing shareholder value.
NewContract
KRM logo
All News 06:01
KRM

Trading Update

KRM22 Plc

**Summary**
KRM22 plc, a technology and software investment company focused on risk management in capital markets, released a trading update for the fiscal year 2025 (FY2025) on January 29, 2026. Key financial highlights include
1. **Annual Recurring Revenue (ARR)** £7.6 million, a 19% growth at constant FX rates compared to FY2024 (£6.6 million). New contracted ARR was £1.6 million, driven by cross-sales and contractual price increases.
2. **Total Revenue** Approximately £7.5 million, an 11% increase from FY2024 (£6.8 million).
3. **Adjusted EBITDA:** £0.7 milliondown from £1.0 million in FY2024.
4. **Cash Position** Gross and net cash of £5.2 million as of December 31, 2025, significantly improved from a net debt of £3.5 million in FY2024, following a successful £9.2 million fundraise in November 2025.
The company attributed ARR growth to cross-sales of its Risk Manager, Limits Manager, and Market Surveillance applications, as well as contractual price increases. Churn of £0.4 million was primarily due to two institutional customers canceling Market Surveillance licenses but signing new multi-year contracts for other KRM22 applications.
With a strengthened cash position, KRM22 plans to invest in sales, marketing, and development to expand its risk management applications and offer multi-asset solutions. CEO Dan Carter emphasized the company’s strong sales pipeline, robust balance sheet, and strategic focus for continued growth in 2026. Audited results for FY2025 are expected in May 2026.
Below is the HTML table code comparing the financials and debt year-on-year for KRM22 PLC based on the provided text:
MetricFY2024FY2025Change
Annual Recurring Revenue (ARR)£6.6m (£6.4m at constant FX)£7.6m (£7.6m at constant FX)+19% (at constant FX)
New Contracted ARR£1.7m£1.6m-6%
Total Revenue Recognised£6.8m£7.5m+11%
Adjusted EBITDA£1.0m£0.7m-30%
Gross Cash£1.0m£5.2m+420%
Net Cash/(Debt)Net Debt £3.5mNet Cash £5.2mDebt-free (from net debt)
FundraiseN/A£9.2m (Nov 2025)N/A
### Key Notes: - **ARR Growth**: 19% growth at constant FX rates, from £6.4m in FY2024 to £7.6m in FY2025. - **Revenue Growth**: 11% increase in total revenue recognised, from £6.8m to £7.5m. - **Adjusted EBITDA**: Decreased by 30%, from £1.0m to £0.7m. - **Cash Position**: Significant improvement in gross cash from £1.0m to £5.2m, and moved from net debt of £3.5m to net cash of £5.2m. - **Fundraise**: £9.2m raised in November 2025, enabling the company to become debt-free. This table provides a clear comparison of key financial metrics between FY2024 and FY2025 for KRM22 PLC.
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All News 06:01
TPFG

FY25 Trading Update

Property Franchise Group PLC

**Summary**
The Property Franchise Group PLC (TPFG) reported a strong FY25 performance, highlighting significant organic growth and profitability slightly ahead of market expectations. Key highlights include
**Revenue Growth**Group revenue increased by 25% to £84.3 million, with a 9% pro-forma increase. Recurring revenue sources accounted for 51% of total revenue.
**Division Performance**
**Franchising**Revenue grew 16% to £47.5 million, driven by lettings and sales management services fees (MSF), despite a challenging lettings market. The launch of the Privilege program added £1.5 million in new revenue.
**Financial Services**Revenue increased 26% to £24.2 million, supported by improved advisor productivity and lower borrowing costs. Total mortgages written rose to 25,000, amounting to £4.4 billion in lending.
**Licensing**Revenue surged 75% to £12.6 million, with Fine & Country expanding internationally.
**Acquisitions**Post-year-end, TPFG acquired an 85% stake in Smart Advice Financial Solutions Ltd, expected to enhance earnings immediately.
**Net Debt Reduction**Net debt decreased to £2.3 million from £9.1 million in 2024.
**Outlook for 2026**TPFG aims to capitalize on its scale, expand the Privilege program, advance AI initiatives, and pursue acquisitions. Despite modest rental inflation, growth is expected across all divisions, supported by a strong sales pipeline and reduced lending costs.
CEO Gareth Samples emphasized the successful integration of acquisitions, revenue growth, and the resilience of TPFGs diversified business model, positioning the company for continued expansion in 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY2025FY2024ChangePro-forma Change
Group Revenue£84.3m£67.3m+25%+9%
Franchising Revenue£47.5m£40.9m+16%+9%
- Lettings MSF£21.6m£19.0m+14%+5%
- Sales MSF£10.5m£9.3m+13%+9%
Financial Services Revenue£24.2m£19.2m+26%+10%
Licensing Revenue£12.6m£7.2m+75%+3%
Net Debt£2.3m£9.1m-75%-
Recurring Revenue (%)51%52%-1%-
Mortgages Written25,00023,000+9%-
Lending Volume£4.4bn---
### Key Notes: - **Pro-forma** figures include revenues earned by Belvoir Group and GPEA within H1 2024 prior to acquisition. - **MSF** stands for Management Services Fees. - **Net Debt** decreased significantly from £9.1m in FY2024 to £2.3m in FY2025. - **Recurring Revenue** percentage slightly decreased from 52% to 51%. This table provides a clear comparison of key financial metrics and debt between FY2025 and FY2024, including pro-forma adjustments where applicable.
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All News 06:01
ACSO

Trading Update and Tender Offer

Accesso Technology Group PLC

**Summary**
**Accesso Technology Group PLC** (AIMACSO) released a trading update and tender offer announcement on January 29, 2026. Key highlights include
1. **Trading Update for 2025**
Revenue is expected to be slightly ahead of market expectations at approximately $155 million.
Cash EBITDA margins are approaching 15%, reflecting operational efficiency and cost management.
Net cash as of December 312025was $30 millionsupported by strong cash generation.
2. **Tender Offer**
The Board plans to repurchase up to £14.5 million of the Company’s shares at £3.00 per share, following the completion of its 2025-2026 share repurchase program.
Details of the tender offer, including timetable and terms, will be communicated to shareholders later.
3. **Outlook for 2026**
Despite challenges in 2025, including changes in services to key customers, the Group entered 2026 with strong commercial momentum.
Management has aligned costs with market conditions and strategic priorities, enhancing business resilience.
The 2026 outturn is expected to be in line with current market expectations.
4. **Customer Updates**
A major customer has continued service into 2026, with updated commercial arrangements nearing completion.
Another major customer will not renew its agreement beyond January 31, 2026, as anticipated.
5. **Company Overview**
Accesso is a premier technology solutions provider for leisure, entertainment, and cultural markets, serving over 1,100 venues in 33 countries.
The company focuses on improving guest experiences and driving revenue for clients through innovative technology solutions.
The announcement constitutes inside information under the Market Abuse Regulations (EU) No. 596/2014 and is now in the public domain.
Offers
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All News 06:01
FSJ

Full Year Trading Update and Notice of Results

James Fisher and Sons PLC

**Summary**
James Fisher and Sons plc, a leading marine services company, released a full-year trading update for 2025 (FY25) on January 29, 2026, ahead of its official results announcement on March 12, 2026. The company reported strong performance, with underlying operating profit exceeding market expectations at approximately £28 million, driven by a 4% like-for-like revenue growth to £395 million and an improved margin of around 7%. Key highlights include
1. **Improved Trading Performance** Second-half trading strengthened, supported by favorable end markets, despite some softness in oil and gas.
2. **Strategic Initiatives** Focus on productivity, supply chain efficiency, and business mix optimization contributed to profit growth.
3. **Division Performance**
**Energy Division** Solid results in Energy Services and Renewables, with mixed performance in specific product lines.
**Defence Division** Enhanced performance with strategic contract wins, including a significant award for the Polish Navy.
**Maritime Transport** Strong results driven by high utilization in Tankships and increased seasonal activity.
4. **Financial Health** Net debt/EBITDA remained within the target range of 1.0-1.5x, supported by disciplined cash management.
5. **Outlook** The company remains confident in delivering further progress in 2026, with expectations of continued seasonal weighting toward the second half.
CEO Jean Vernet highlighted progress toward medium-term targets and long-term growth opportunities, emphasizing the company’s streamlined portfolio, strengthened product base, and international expansion. Full-year results for FY25 will be announced on March 12, 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">James Fisher & Sons plc Financials Comparison

James Fisher & Sons plc Financials Comparison (FY24 vs FY25)

MetricFY24FY25Change
Revenue (£m)~£379.8*~£395+4% (like-for-like)
Underlying Operating Profit (£m)~£25.5†~£28Ahead of expectations
Operating Margin~6.7%‡~7%Improved
Net Debt / EBITDAWithin 1.0-1.5xWithin 1.0-1.5xMaintained
* Calculated based on FY25 revenue growth of 4% like-for-like.
† Consensus mean underlying operating profit (continuing operations) for FY24.
‡ Estimated based on FY24 revenue and operating profit.

Notes:

  • FY24 figures are estimated or based on consensus where actual data is not provided.
  • FY25 figures are as per the trading update released on 29 January 2026.
  • Like-for-like growth adjusts for 2024 disposals (RMSpumptools and Martek; FY24 revenue £31.7m) and staged closures of IRM Middle East and Africa businesses.
### Explanation: 1. **Revenue**: FY24 revenue is estimated by reversing the 4% like-for-like growth in FY25. 2. **Underlying Operating Profit**: FY24 figure is based on the consensus mean provided in the notes. 3. **Operating Margin**: Calculated as Operating Profit / Revenue. 4. **Net Debt / EBITDA**: Maintained within the target range for both years. The table includes footnotes for clarity and assumptions made due to the lack of explicit FY24 data in the provided text.
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All News 06:01
BOOT

Trading Statement

Henry Boot PLC

**Summary**
Henry Boot PLC, a UK-based land promotion, property investment, and home building company, released a trading update for the year ended 31 December 2025. Despite global economic and political uncertainties, the company delivered a resilient performance, driven by strong demand for its high-quality residential land. Key highlights include
1. **Financial Performance**Full-year profits are expected to be in line with market expectations (£29.7m), supported by the sale of Henry Boot Construction (HBC) and strong land sales.
2. **Strategic Progress**
Accelerated planning applications for over 11,000 plots within Hallam Land.
Strengthened Stonebridge Homes (SBH) by increasing ownership and expanding its landbank.
Simplified the group through the sale of HBC, focusing on high-quality land and premium homes.
3. **Operational Updates**
Hallam Land achieved record residential plot sales (3,957 plots) and secured consent for 4,159 plots.
HBD completed schemes with a GDV of £119m and expanded its Industrial and Logistics (I&L) joint venture, Origin.
SBH faced softer trading conditions, completing 185 homes (<mark style="background-color:yellow">below</mark> target), but expanded its landbank to 2,572 plots.
4. **Outlook**
The company expects 2026 profit before tax to be significantly below market expectations (£33.6m) due to subdued transaction activity, macroeconomic uncertainty, and the expiry of the profitable Road Link contract.
Long-term prospects remain positive, supported by a strong pipeline, disciplined investment approach, and a focus on key markets (residential, industrial/logistics, and urban development).
Henry Boot remains well-positioned for medium-term growth, with a strong balance sheet and strategic focus on high-quality land and premium developments.
Below is the HTML table code comparing the financials and debt year-on-year for Henry Boot PLC based on the provided text:
Metric20242025Change
Residential Plot Sales (Hallam Land)2,661 plots3,957 plots+1,296 plots (+48.7%)
Consented Plots (Hallam Land)2,982 plots4,159 plots+1,177 plots (+39.5%)
Homes Completed (Stonebridge Homes)270 homes185 homes-85 homes (-31.5%)
Net Debt£62.7m£108m+£45.3m (+72.2%)
Profit Before Tax (Market Consensus)N/A£29.7m (2025)N/A
Expected Profit Before Tax (2026)N/ASignificantly below £33.6mN/A
### Explanation: 1. **Residential Plot Sales (Hallam Land)**: Increased from 2,661 plots in 2024 to 3,957 plots in 2025. 2. **Consented Plots (Hallam Land)**: Increased from 2,982 plots in 2024 to 4,159 plots in 2025. 3. **Homes Completed (Stonebridge Homes)**: Decreased from 270 homes in 2024 to 185 homes in 2025. 4. **Net Debt**: Increased from £62.7m in 2024 to £108m in 2025. 5. **Profit Before Tax (Market Consensus)**: Provided for 2025 as £29.7m, with no comparable figure for 2024. 6. **Expected Profit Before Tax (2026)**: Expected to be significantly below £33.6m, with no comparable figure for 2025. This table provides a clear comparison of key financials and debt metrics between 2024 and 2025, along with the expected outlook for 2026.
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All News 06:01
TRB

Trading Update and Notice of Results

Tribal Group plc

**Summary**
Tribal Group PLC, a leading provider of software and services to the international education market, released a trading update for the year ended 31 December 2025 (FY25), highlighting a strong performance. The company expects to report revenue and adjusted EBITDA slightly ahead of recently upwardly revised market expectations. Key achievements include
1. **Financial Performance**
Substantially improved net cash position of £11.4m (FY24: net debt of £3.2m), driven by increased profitability, reduced capex, exceptional working capital performance, and a one-off advance customer payment of £3.2m.
Healthy demand for Student Information Solutions (SIS), with key go-lives at prominent universities and significant product upgrades.
Etio, Tribals education services business, contributed improved performance due to operational efficiencies and strategic changes.
2. **Recurring Revenue Growth**
Closing Annual Recurring Revenue (ARR) increased by 11% to £63.3m, driven by new customer wins, upgrades, and the implementation of the Higher Education Full-Service (HEFS) subscription licence.
Contracted ARR grew by 14% to £65m.
3. **Strategic Progress**
Successful deployment of the HEFS subscription model, providing greater revenue visibility, margin resilience, and improved cash flow.
Continued momentum in SaaS transformation, with a large proportion of Higher Education customers onboarded to the subscription model, facilitating cloud migration and deeper customer engagement.
4. **Outlook**
The Group remains committed to driving recurring revenue growth and cloud adoption, supported by a strengthened balance sheet and long-term customer relationships.
Financial pressure on the Higher Education sector is accelerating demand for Tribals cost-effective digital transformation solutions, positioning the company for sustainable growth.
The Board anticipates adjusted EBITDA and cash performance in FY26 to exceed current market expectations.
**Notice of Results**Tribal Group expects to announce its audited full-year results on 26 March 2026.
**CEO Comment**Mark Pickett highlighted FY25 as a transformational year, with improved profitability, a return to net cash, and significant progress in the SaaS strategy. The company enters FY26 in a strong position, anticipating continued momentum and performance ahead of market expectations.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY24FY25Change
Revenue£87.5m (implied from FY25 expectations)Slightly ahead of £90.75m (market expectation)+~3.7% (estimated)
Adjusted EBITDA£15.0m (implied from FY25 expectations)Slightly ahead of £16.5m (market expectation)+~10.0% (estimated)
Net Cash/Debt PositionNet Debt of £3.2mNet Cash of £11.4m+£14.6m (from net debt to net cash)
Closing Annual Recurring Revenue (ARR)£57.0m (constant currency)£63.3m+11%
Contracted ARR£57.0m (constant currency)£65.0m+14%
### Explanation: 1. **Revenue and Adjusted EBITDA**: FY25 figures are "slightly ahead" of market expectations for FY25 (£90.75m revenue and £16.5m adjusted EBITDA). FY24 figures are implied based on the growth and expectations provided. 2. **Net Cash/Debt Position**: FY24 had a net debt of £3.2m, while FY25 achieved a net cash position of £11.4m, marking a significant improvement. 3. **ARR and Contracted ARR**: Both metrics show year-on-year growth, with ARR increasing by 11% and Contracted ARR by 14%. This table provides a clear comparison of key financial metrics and debt position between FY24 and FY25.
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All News 06:01
LUCE

2025 Full Year Trading Update

Luceco plc

**Summary**
Luceco PLC, a leading designer and manufacturer of residential and commercial electrification products, released its 2025 full-year trading update on January 29, 2026, highlighting a strong performance that exceeded market expectations. Key points include
1. **Financial Performance**
Revenue grew by 12% to £271 million, driven by a 6% like-for-like growth in the second half and a significant 85% increase in EV charging sales to £18 million.
Adjusted Operating Profit rose by 15% to at least £33.5 million, surpassing the top end of market expectations, with margins exceeding 12%.
2. **Operational Highlights**
Strong momentum in EV charging and solid growth in wiring accessories and LED products.
Manufacturing efficiency improvements and synergies from acquisitions, including CMD production synergies and consolidation of the D-Line UK facility, are enhancing margins.
3. **Outlook for 2026**
Positive momentum continues into 2026, supported by exposure to structural growth in the energy transition sector.
The Board has increased revenue and Adjusted Operating Profit expectations for 2026, comfortably exceeding market consensus.
4. **Financial Position**
Strong cash flow generation of £30 million and reduced net debt to £53 million, lowering the leverage ratio to 1.3x.
Robust balance sheet provides flexibility for further investment in organic growth and M&A.
5. **CEO Commentary**
CEO John Hornby attributed the success to sustainable competitive advantages, including superior channel access, agile product innovation, and vertically integrated manufacturing. He expressed confidence in delivering profitable growth in 2026 and beyond, particularly in the energy transition sector.
Overall, Luceco’s 2025 performance reflects strong growth, improved margins, and a positive outlook for 2026, supported by strategic initiatives and a solid financial position.
Below is the HTML table code comparing the financials and debt year-on-year for Luceco PLC based on the provided text:
Metric20242025Change
Revenue (£m)242.5271.0+12%
Adjusted Operating Profit (£m)29.0≥33.5+≈15%
Adjusted Operating Profit Margin (%)12.0>12.0Improved
EV Charging Sales (£m)9.818.0+85%
Bank Net Debt (£m)68.653.0-23%
Bank Net Debt:EBITDA Leverage Ratio (x)1.61.3Improved
Adjusted Free Cash Flow (£m)Outflow30.0Reversed
### Explanation: - **Revenue**: Increased by 12% from £242.5m in 2024 to £271.0m in 2025. - **Adjusted Operating Profit**: Grew by approximately 15% from £29.0m in 2024 to at least £33.5m in 2025. - **Adjusted Operating Profit Margin**: Improved from 12.0% in 2024 to exceed 12.0% in 2025. - **EV Charging Sales**: Surged by 85% from £9.8m in 2024 to £18.0m in 2025. - **Bank Net Debt**: Decreased by 23% from £68.6m in 2024 to £53.0m in 2025. - **Leverage Ratio**: Improved from 1.6x in 2024 to 1.3x in 2025. - **Adjusted Free Cash Flow**: Reversed from an outflow in 2024 to £30.0m in 2025. This table provides a clear year-on-year comparison of key financial and debt metrics for Luceco PLC.
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All News 06:01
III

FY2026 Q3 performance update

3I Group PLC

**Summary of 3i Group PLC FY2026 Q3 Performance Update (January 29, 2026):**
1. **Overall Performance**
3i Group reported strong Q3 performance, with a 20% total return for the nine months ending December 31, 2025, driven by a £766 million foreign exchange gain and robust portfolio performance.
NAV per share increased to 3017 pence (from 2857 pence in September 2025).
2. **Action (Key Investment)**
**Financials** Net sales of €16 billion (+16% YoY) and operating EBITDA of €2.367 billion (+14% YoY) in the 52 weeks to December 28, 2025.
**Store Expansion** Added a record 384 net new stores in 2025, reaching 3,302 stores across 14 countries.
**LFL Growth** 4.9% in 2025 (vs. 10.3% in 2024), impacted by cautious consumer behavior in France. Recovery seen in January 2026 with 6.1% LFL growth.
**Capital Restructuring** Received £944 million from Action’s refinancing, reinvested £755 million to increase stake to 62.3%. Received £246 million dividend from Action.
**Valuation** Action valued at £22.382 billion (3i’s 62.3% stake).
3. **Portfolio Highlights**
**Royal Sanders** Strong performance with further investment of £56 million and acquisition of Vendoleo.
**Audley Travel** Sustained strong year-on-year performance.
**MAIT Disposal** Realized £147 million, a 34% uplift on March 2025 valuation.
**3i Infrastructure (3iN)** Share price increased 3% in Q3
3i recognized £18 million dividend.
4. **Financial Position**
Strong balance sheet with £995 million in gross cash and 1% gearing as of December 31, 2025.
Completed £825 million in investments and £1.112 billion in realizations in Q3.
5. **Future Outlook**
Positive start to Q4 FY2026, with expectations of another strong year of compounding growth.
Agreement with GIC to increase Action stake to 65.3% in exchange for £1 billion in 3i shares.
6. **Audit Update**
Ernst & Young LLP appointed as external auditor from FY2028, subject to shareholder approval.
**Key Takeaways**
3i Group delivered strong Q3 performance, driven by Action’s growth and strategic portfolio management. The company maintains a robust financial position and is poised for continued growth in FY2026.
Below is an HTML table comparing the financials and debt year on year for 3i Group PLC based on the provided text:
Metric2024 (FY2025 Q3)2025 (FY2026 Q3)Change
Action Net Sales (€m)13,78116,000+16%
Action Operating EBITDA (€m)2,0762,367+14%
Action LFL Sales Growth10.3%4.9%-5.4%
Action Net New Stores Added352384+32
Action Net Debt to EBITDA Ratio2.4x2.8x+0.4x
3i Group Cash (£m)439995+556
3i Group Gearing3%1%-2%
3i Group NAV per Share (pence)2,8573,017+160
Private Equity Portfolio Leverage (excl. Action)3.5x3.6x+0.1x
Total Investment (£m)7321,557+825
Total Realised Proceeds (£m)3911,503+1,112
### Key Highlights: 1. **Action Performance**: Net sales and operating EBITDA increased by 16% and 14%, respectively, year on year. However, LFL sales growth slowed from 10.3% to 4.9%. 2. **Debt Metrics**: Action's net debt to EBITDA ratio increased from 2.4x to 2.8x, while 3i Group's gearing decreased from 3% to 1%. 3. **3i Group Financials**: Cash position strengthened significantly from £439 million to £995 million, and NAV per share increased by 160 pence. 4. **Investment and Realisation**: Total investment and realised proceeds increased substantially, driven by reinvestment in Action and the realisation from MAIT and Yanga. This table provides a concise comparison of key financial and debt metrics between the two periods.
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All News 06:01
PPET

Annual Financial Report

Patria Private Equity Trust

Patria Private Equity Trust plc (PPET) has released its annual financial report for the year ended September 30, 2025, highlighting strong performance and strategic progress. Heres a summary of the key points
**Financial Performance**
PPET achieved a NAV Total Return (NAV TR) of 10.6%, marking its 16th consecutive year of positive NAV TR growth.
Share price total return was 7%, while the portfolio return in constant currency was 8.0%.
The company made 21 new investments totaling £300.1 million and realized £180.2 million from investments.
**Portfolio and Strategy**
PPET focuses on the European mid-market private equity, targeting long-term total returns through capital growth and dividends.
The portfolio consists of over 600 private companies, offering daily liquidity, quarterly dividends, and no performance fees.
The company partners with leading private equity managers, investing in their funds and directly alongside them.
**Key Metrics**
NAV per share increased to 845.5p from 780.1p in the previous year.
Portfolio value grew to £1371.1 million from £1177.1 million.
Outstanding commitments were £759.3 million, with an over-commitment ratio of 33.8%.
**Board and Management**
The Board conducted share buybackspurchasing 5.5 million sharesadding 8.5 pence to NAV per share.
Alan Devinethe Chairmanannounced his retirementwith Duncan Budge succeeding him.
The company renewed its marketing focus on the retail segment and conducted an inaugural perception study.
**Investment Activity**
PPET made new commitments of £300.1 million across primary funds, fund secondaries, and direct investments.
The company completed its first full exit from a direct investment, selling Mademoiselle Desserts to Emmi Group.
PPET also achieved a partial realization of its direct investment in European Camping Group.
**Outlook**
The company expects a recovery in the private equity exit market, particularly for its mature investments.
PPET aims to increase direct investments to 30-35% of its portfolio and continue its secondary investment strategy.
The Board remains focused on marketing and shareholder engagement to attract new investors.
**Financial Highlights**
Net assets increased to £1256.7 million from £1192.1 million.
Total dividends paid were £26.3 million, with a dividend yield of 2.8%.
The ongoing charges ratio was 1.08%, slightly up from 1.06% in the previous year.
In summary, PPET demonstrated strong financial performance, strategic progress, and a commitment to delivering value to shareholders through its European mid-market private equity focus. The companys diversified portfolio, experienced management, and strategic initiatives position it well for continued growth and success.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
NAV per share (p)780.1845.5+8.4%
Portfolio Return (in Constant Currency)8.8%8.0%-9.1%
Total Dividend Per Share (Annualised) (p)16.817.6+4.8%
Share Price Discount to NAV31.4%34.4%+9.6%
Net Assets (£m)1,192.11,256.7+5.4%
Ongoing Charges Ratio (OCR)1.06%1.08%+1.9%
Gearing11.8%18.1%+53.4%
Over-commitment Ratio28.5%33.8%+18.6%
Debt Drawn (£m)140.6227.4+61.7%
**Key Observations:** - **NAV per share** increased by 8.4%, indicating growth in the company's net asset value. - **Portfolio Return** decreased slightly from 8.8% to 8.0%, possibly due to market conditions or investment strategy changes. - **Dividend Per Share** increased by 4.8%, reflecting the company's commitment to returning value to shareholders. - **Share Price Discount to NAV** widened from 31.4% to 34.4%, suggesting the market is valuing the company at a greater discount to its net asset value. - **Net Assets** grew by 5.4%, indicating overall growth in the company's assets. - **Gearing** increased significantly from 11.8% to 18.1%, indicating higher leverage and potentially higher risk. - **Over-commitment Ratio** also increased, reflecting higher outstanding commitments relative to liquid resources. - **Debt Drawn** increased by 61.7%, indicating higher utilization of the company's credit facilities. These changes highlight the company's growth in assets and shareholder returns, but also increased leverage and potential risks associated with higher debt levels and over-commitments.
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All News 06:01
GNC

Q1 Trading Update

Greencore Group

**Greencore Group PLC Q1 Trading Update Summary (January 29, 2026)**
Greencore Group PLC, the UKs leading convenience food manufacturer, reported strong performance in its first quarter (Q1) ended December 26, 2025. Key highlights include
1. **Financial Performance**
Revenue grew by 5.4% to £499.8 million, driven by a 3.7% price and inflation recovery impact.
Volume growth outpaced the wider grocery market, with manufactured volumes up 0.5% compared to the market’s 0.2%.
Premium rangesparticularly sandwiches and sushisaw double-digit volume growth.
2. **Operational Excellence**
Launched 129 new products, including festive innovations like mince pie brioche wraps and festive cheeseboard quiches.
Achieved >99% service levels during the busy Christmas period.
Over 700 operational excellence projects are underway to drive efficiency and cost management.
3. **Bakkavor Acquisition**
Completed the acquisition of Bakkavor Group plc on January 16, 2026, creating the UK’s leading convenience food manufacturer.
Integration plans are progressing, with a focus on realizing at least £80 million in annual cost synergies.
The combined business aims to enhance innovation, scale, and efficiency for customers and stakeholders.
4. **Outlook**
The enlarged business is trading in line with expectations, despite ongoing monitoring of the uncertain UK consumer environment.
Structural tailwinds in convenience food categories remain encouraging.
Focus on executing integration plans and delivering benefits from the Bakkavor acquisition.
H1 results will be announced on May 27, 2026, providing the first combined financial update.
CEO Dalton Philips emphasized the strong Q1 performance, the strategic significance of the Bakkavor acquisition, and the Group’s commitment to driving value for customers, shareholders, and stakeholders.
**Forward-Looking Statements**The update includes forward-looking statements subject to risks and uncertainties, with no obligation to update unless required by law.
**About Greencore**Headquartered in Dublin, Greencore supplies major UK and US retailers with approximately 3,200 convenience food products, generating £4 billion in revenue in FY25 and employing 28,000 people.
The provided text does not contain specific financial or debt figures for a year-on-year comparison. However, I can create a general HTML table structure based on the information available, focusing on the key financial and operational metrics mentioned in the trading update. If you have specific financial or debt figures from previous years, please provide them, and I can update the table accordingly. Here’s a basic HTML table structure based on the available information: < lang="en">Greencore Group PLC Financials and Debt Comparison

Greencore Group PLC Financials and Debt Comparison (Q1 FY25 vs Q1 FY26)

MetricQ1 FY25Q1 FY26Change
Revenue£474.2m (implied)£499.8m+5.4%
Volume Growth (Manufactured)N/A+0.5%N/A
Grocery Market Volume GrowthN/A+0.2%N/A
New Products LaunchedN/A129N/A
Service LevelN/A>99%N/A
Expected Annual Cost Synergies (Post Bakkavor Acquisition)N/A£80mN/A
Debt (if available)N/AN/AN/A

Note: The revenue figure for Q1 FY25 is implied based on the 5.4% growth mentioned in the text. Actual figures for Q1 FY25 are not provided.

### Explanation: - **Revenue**: The Q1 FY25 revenue is implied based on the 5.4% growth mentioned in the text. The actual Q1 FY25 revenue is not provided, so it’s marked as "implied." - **Volume Growth**: Only Q1 FY26 figures are available for manufactured volume growth and grocery market volume growth. - **New Products Launched**: Only Q1 FY26 figures are available. - **Service Level**: Only Q1 FY26 figures are available. - **Expected Annual Cost Synergies**: This is related to the Bakkavor acquisition, which occurred in FY26. - **Debt**: No debt figures are provided in the text, so the table reflects "N/A." If you have specific figures for Q1 FY25 or debt details, please provide them, and I can update the table accordingly.
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All News 06:01
FEVR

Pre-close trading update

Fevertree Drinks Plc

**Summary**
Fever-Tree Drinks plc, the leading global supplier of premium carbonated mixers, released a pre-close trading update for the year ended 31 December 2025, reporting financial performance marginally ahead of market expectations. The company achieved adjusted revenue of £375.3 million and adjusted EBITDA slightly <mark style="background-color:yellow">above</mark> consensus, driven by strong momentum in the second half of 2025. Key highlights include
1. **Revenue Growth**
**US**+6% (constant currency), supported by successful integration into Molson Coors distribution network and increased marketing investment.
**UK**-2%, with improved performance in H2 due to strong Off-Trade sales and growth in premium soft drinks.
**Europe**: +2%led by France and Benelux.
**Rest of World (ROW)**: +22%with notable growth in AustraliaNew Zealandand Canada.
2. **Strategic Progress**
Expansion beyond tonic to premium soft drinks, aligning with consumer trends toward moderation and premiumisation.
Strong innovation pipeline and marketing campaigns to drive future growth.
3. **Share Buyback**
Completed a £100m share buyback in 2025, with an additional £30m tranche starting in February 2026.
4. **Outlook**
Confident in meeting 2026 market expectations, with continued growth opportunities in the US and globally.
CEO Tim Warrillow emphasized the company’s strategic progress, particularly in the US, and its unique position to capitalize on consumer trends. Fever-Tree remains focused on driving strong growth in 2026 and beyond. Preliminary results will be announced on 24 March 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since debt information is not explicitly mentioned in the text, the table focuses on revenue comparisons. < lang="en">Fevertree Drinks PLC Financials Comparison

Fevertree Drinks PLC Financials Comparison (FY24 vs FY25)

RegionFY24 (£m)FY25 (£m)% Change% Change (Constant Currency)
US128.0131.93%6%
UK111.1108.4(2%)(2%)
Europe92.794.72%2%
ROW32.237.717%22%
Total Adjusted Fever-Tree Revenue364.0372.72%4%
GDP Brand Revenue4.52.6(42%)(43%)
Total Adjusted Revenue368.5375.32%3%
### Key Features: 1. **Responsive Design**: The table is styled to be responsive and easy to read. 2. **Highlighting**: Total revenue rows are highlighted for emphasis. 3. **Clear Comparison**: Columns for FY24, FY25, and percentage changes (both reported and constant currency) are included. Since debt information is not provided in the text, it is not included in the table. If debt data becomes available, it can be added as a separate section or column.
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All News 06:01
CDGP

Unaudited Trading Statement period ended 31/12/25

Chapel Down Group Plc

**Chapel Down Group PLC Unaudited Trading Statement for FY25 (Ended 31 December 2025)**
**Summary**
Chapel Down Group PLC, Englands leading winemaker, reported strong financial and operational performance for FY25, exceeding market expectations. Key highlights include
1. **Financial Performance**
**Net Sales Revenue (NSR)** £19.4m, up 19% YoY, slightly ahead of guidance, driven by 22% growth in wine-related sales.
**Adjusted EBITDA** Expected range of £4.0m - £4.5m, ahead of market expectations (£3.5m), due to improved profitability and higher Fair Value adjustment to Biological Produce from an <mark style="background-color:yellow">above</mark>-average harvest yield.
**Channel Growth** Strong performance across Off-trade (+38%), International (+49%), On-trade (+5%), and Ecommerce (+3%). International growth was boosted by a new US distribution agreement with Jackson Family Wines.
**Net Debt** Increased to £12.4m (FY24: £9.2m) due to investments in new vineyards and maturing stock, supporting future growth.
2. **Operational Highlights**
Dispatched over 1 million bottles of Traditional Method Sparkling (TMS) wines for the first time, aligning with the goal to capture 1% of the global Champagne market by 2035.
Extended market leadership with 36% share of the UK off-trade (FY24: 35%) and 16% Retail Sales Value growth, outpacing the English Sparkling Wine category (+12%).
2025 harvest yielded high-quality grapes, supporting future production and profitability.
3. **Brand and Strategy**
Brand awareness increased to 49% (FY2442%), reinforcing Chapel Down as the leading English wine brand.
Premiumisation strategy advanced, with TMS wines accounting for 74% of wine-related NSR (FY24: 70%).
4. **Outlook**
Strong momentum expected to continue into FY26, with increased marketing investment to drive brand value and market share.
Focus on sustainable growthdisciplined capital managementand strategic expansion.
**CEO Comment**
James Pennefather highlighted exceptional topline growth, brand leadership, and progress toward medium-term profitable growth. He noted a generational shift toward English Sparkling Wine, particularly among Millennials, and emphasized increased marketing investment in FY26 to capitalize on this trend.
**About Chapel Down**
Chapel Down is Englands largest winemaker, with over 1,000 acres of vineyards, producing award-winning sparkling and still wines. Listed on AIM, the company is committed to sustainability and has partnerships with major sporting and cultural events.
**Contacts**
Key contacts include Chapel Downs CEO and CFO, as well as representatives from Singer Capital Markets (Nominated Adviser and Broker) and H/Advisors Maitland (PR).
**Disclaimer**
The announcement contains inside information under UK MAR, and RNS terms and conditions apply.
Below is the HTML table code comparing the financials and debt year on year for Chapel Down Group PLC: < lang="en">Chapel Down Group PLC Financials Comparison

Chapel Down Group PLC Financials and Debt Comparison (FY25 vs FY24)

MetricFY25 (£'000)FY24 (£'000)Change (%)
Net Sales Revenue19,44316,351+19%
Off-trade9,3716,790+38%
On-trade2,5752,460+5%
International1,018684+49%
Ecommerce3,8603,755+3%
Retail, Tours & Events2,2162,241-1%
Other Sales and Income403421-4%
Net Debt12,4009,200+35%
Adjusted EBITDA Range (£'000)4,000 - 4,5003,500 (expected)Ahead of expectations
### Key Highlights: 1. **Net Sales Revenue**: Increased by **19%** to **£19.4m** in FY25 from £16.35m in FY24. 2. **Net Debt**: Rose by **35%** to **£12.4m** in FY25 from £9.2m in FY24, primarily due to cultivation costs and increased maturing stock levels. 3. **Adjusted EBITDA**: Expected to be in the range of **£4.0m - £4.5m**, ahead of the previous expectation of £3.5m. This table provides a clear comparison of key financial metrics and debt levels between FY25 and FY24 for Chapel Down Group PLC.
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All News 06:01
SAAS

Full Year 2025 Trading Update & Notice of Results

Microlise Group PLC

**Microlise Group PLC Full Year 2025 Trading Update & Notice of Results Summary:**
Microlise Group PLC, a leading provider of transport management software, released its unaudited trading update for FY2025, highlighting steady growth and strategic advancements.
**Financial Highlights**
* **Revenue** Total revenue is expected to be £84.0 million, in line with revised market expectations and representing a 3.7% increase from FY2024.
* **Recurring Revenue** Grew by 7.5% to £58.8 million, driven by a strong 16% year-on-year increase from direct customers.
* **Non-recurring Revenue** Declined by 4.3% to £25.2 million due to lower hardware volumes from Global OEM customers and delayed implementation revenues.
* **Adjusted EBITDA** Expected to be £8.3 million, in line with market expectations, with a margin of approximately 10%.
* **Net Cash** Increased to £16.7 million, exceeding expectations, due to strong cash collection and a large contract renewal.
**Operational Highlights**
* **Cost Savings** Successfully implemented £5 million in annualized cost savings through efficiency measures announced in November 2025.
* **Customer Growth** Added 417 new customers across key markets, with churn remaining low at 1.4%.
* **Product Adoption** Strong uptake of the Microlise Transport Management Solutions (TMS) module by new and existing customers.
* **Technology Integration** Enhanced Microlise One platform with API integrations for third-party data, including vehicle refrigeration OEMs.
* **Leadership Change** Appointed Dean Garvey-North as Chief Technology Officer, succeeding Duncan McCreadie.
**Future Outlook**
* **Microlise Transport Conference** Scheduled for May 12, 2026, in Manchester, focusing on industry challenges and Microlises technology solutions.
* **FY2026** Expects revenues from Global OEM customers to be below FY2025 levels but remains confident in profitability, cash generation, and ARR growth.
**CEO Comment**
Nadeem Raza, CEO, expressed satisfaction with the direct business momentum and highlighted investments in go-to-market teams and data center migration. He emphasized Microlises strong position for future growth with a streamlined cost base, scalable platform, and expanding market opportunities.
**Notice of Results** Final results for FY2025 will be announced in mid-April 2026.
Below is the HTML table code comparing the financials and debt (net cash) year-on-year for Microlise Group PLC based on the provided text:
MetricFY 2024FY 2025Change
Total Group Revenue£81.0m£84.0m+3.7%
Annual Recurring Revenue (ARR)£56.6m£59.1m+4.6%
Recurring RevenueN/A£58.8m+7.5% (underlying growth from direct customers: +16%)
Non-Recurring Revenue£26.3m£25.2m-4.3%
Adjusted EBITDA£11.3m (margin: 14%)£8.3m (margin: ~10%)-26.5%
Net Cash£11.4m£16.7m+46.5%
New Customers Added375417+11.2%
Churn Rate0.7%1.4%+100% (doubled)
### Notes: 1. **Net Cash**: The text refers to "net cash" rather than debt, so the comparison is made on that basis. 2. **Recurring Revenue**: The underlying growth from direct customers is highlighted separately as it is a key metric mentioned in the text. 3. **Adjusted EBITDA**: The FY 2024 margin is calculated based on the provided revenue and adjusted EBITDA figures. 4. **Churn Rate**: The increase in churn rate is noted as a percentage change from the previous year. This table provides a clear year-on-year comparison of key financial and operational metrics for Microlise Group PLC.
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All News 06:01
TGR

Approval of CLN Amendments

Tirupati Graphite plc

**Summary**
Tirupati Graphite plc (TGR.L), a specialist flake graphite company, announced on January 29, 2026, that proposed amendments to its existing Convertible Loan Notes (CLNs) have been approved by the required majorities of noteholders. These amendments, initially disclosed on December 10, 2025, modify terms such as final maturity dates and conversion prices for the 2019, 2022, and 2025 (Series 1 and Series 2) CLN issues. The approval satisfies a key condition for the closing of the Placing of new ordinary shares, also announced on December 10, 2025. Tirupati Graphite is a critical mineral supplier for the global energy transition. Contact details for enquiries are provided, and the information is disseminated via RNS, the London Stock Exchanges news service.
Approvals
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All News 06:01
EMR

Trading Update and Notice of Results

Empresaria Group plc

**Summary**
Empresaria Group PLC, an international specialist staffing group, released a trading update for the financial year ended 31 December 2025, ahead of its full-year results announcement on 24 April 2026. Despite challenging market conditions, the company expects its adjusted profit before tax (PBT) to be slightly ahead of market expectations. Key highlights include
1. **Financial Performance**
Net fee income remained unchanged on a constant currency like-for-like (CC LFL) basis, though reported figures decreased by 6% to £47.3 million.
Strong growth in Offshore Services (16% CC LFL) and the US (23% CC LFL), offset by declines in other regions.
Temporary and contract net fee income fell by 4% CC LFL, while permanent placements saw a 9% reduction.
2. **Regional Breakdown**
UK net fee income declined by 11% to £3.9 million.
US net fee income grew by 17% (23% CC LFL) to £2.7 million.
Offshore Services increased by 9% (16% CC LFL) to £13.8 million.
Non-Core operations (previously earmarked for disposal) saw an 8% CC LFL decline.
3. **Financing**
Net debt (excluding lease liabilities) rose to £17.1 million, in line with expectations.
Headroom of £5.4 million was maintained at year-end.
No final dividend will be recommended due to the challenging trading environment and increased debt.
4. **Management Commentary**
Chair Joost Kreulen acknowledged persistent market challenges but expressed satisfaction with the adjusted PBT performance. He highlighted progress in stabilizing financial control and operations, emphasizing the Group’s commitment to positioning itself for future market recovery.
The update underscores Empresaria’s resilience in a difficult trading environment, with strategic focus on operational stability and readiness for market improvement.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">Empresaria Group PLC Financials and Debt Comparison

Empresaria Group PLC Financials and Debt Comparison (2024 vs 2025)

Metric2024 (£m)2025 (£m)% Change% Change (CC LFL)
Net Fee Income50.447.3-6%0%
UK4.43.9-11%-11%
US2.32.717%23%
Offshore Services12.713.89%16%
Non-Core32.227.9-13%-8%
Central and Intragroup-1.2-1.0N/AN/A
Net Debt (excl. lease liabilities)15.317.112%N/A
Headroom (excl. invoice financing)N/A5.4N/AN/A
Final Dividend£nil£nilN/AN/A
### Key Notes: 1. **Net Fee Income**: Reported figure decreased by 6%, but remained unchanged on a Constant Currency Like-for-Like (CC LFL) basis. 2. **Regional Performance**: - **UK**: Down 11% (CC LFL). - **US**: Up 23% (CC LFL). - **Offshore Services**: Up 16% (CC LFL). - **Non-Core**: Down 8% (CC LFL). 3. **Net Debt**: Increased by 12% from £15.3m in 2024 to £17.1m in 2025. 4. **Headroom**: £5.4m at the end of 2025 (excluding invoice financing facilities). 5. **Dividend**: No final dividend recommended for both years. This table provides a clear comparison of key financials and debt metrics between 2024 and 2025.
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All News 06:01
HVO

Trading Update

hVIVO plc

**Summary**
hVIVO plc, a full-service early-phase Contract Research Organisation (CRO) and leader in human challenge clinical trials, released a trading update for FY25 (year ended 31 December 2025). Key highlights include
1. **Financial Performance**
Revenue of approximately £46.7 million, in line with expectations (FY24: £62.7 million).
Positive low single-digit adjusted EBITDA margin, exceeding guidance (FY24: 26.2%).
Cash position of £14.3 million, debt-free, and ahead of expectations (FY24: £44.2 million).
2. **Strategic Acquisitions**
Completed and integrated acquisitions of CRS Mannheim & Kiel and Cryostore, creating an end-to-end early clinical development platform from preclinical to Phase III.
Four integrated service lines now fully operational: Consulting, Clinical Trials, Human Challenge Trials (HCTs), and Laboratories.
3. **Market Position and Pipeline**
FY25 faced macroeconomic and sector-specific challenges, including programme deferrals and cancellations in HCTs.
Strong momentum in FY26 pipeline across all service lines, with increasing opportunities in infectious diseases and diversified therapeutic areas (e.g., cardiometabolic, respiratory, immunology).
Aggregate value of customer proposals in FY25 exceeded FY24, indicating positive medium-term revenue growth.
4. **Outlook**
Reiterated guidance for high single-digit revenue growth in 2026.
Focus on four key growth initiativesexpanding therapeutic specialisms, enhancing laboratory services, and improving patient recruitment.
Confidence in full-service platform to drive near and long-term growth.
5. **Investor Engagement**
CEO Yamin Mo Khan and CFO Stephen Pinkerton hosted an investor meeting via Investor Meet Company to discuss the update.
hVIVO is well-positioned for growth in 2026, leveraging its diversified service offerings and strengthened infrastructure.
Below is the HTML table code comparing the financials and debt year-on-year for hVIVO PLC based on the provided text:
MetricFY2024FY2025
Revenue (£ million)62.746.7
Adjusted EBITDA Margin26.2%Positive low single-digit
Cash Position (£ million)44.214.3
DebtNoneNone
### Explanation: - **Revenue**: FY2024 revenue was £62.7 million, while FY2025 is expected to be £46.7 million. - **Adjusted EBITDA Margin**: FY2024 was 26.2%, and FY2025 is expected to be a positive low single-digit percentage. - **Cash Position**: Cash decreased from £44.2 million in FY2024 to £14.3 million in FY2025, primarily due to strategic acquisitions. - **Debt**: The company remains debt-free in both years. This table provides a clear year-on-year comparison of key financial metrics for hVIVO PLC.
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All News 06:01
SAGA

Trading Update

Saga plc

**Summary**
Saga plc, a UK specialist in products and services for people over 50, released a trading update on January 29, 2026, highlighting strong performance and strategic progress. Key points include
1. **Financial Performance**
Underlying Profit Before Tax is expected to exceed prior year figures and surpass half-year guidance.
Ocean and River Cruise segments showed strong growth, with improved load factors and per diem rates.
Holidays division reported robust growth in booked revenue (13%) and passenger numbers (11%).
Insurance Broking outperformed expectations, with growth in policy sales and higher profits.
Net Debt is projected to be lower than previous guidance, supported by strong cash flow and proceeds from the sale of the Insurance Underwriting business.
2. **Strategic Initiatives**
Simplified Travel business under a single management team for efficiency and customer focus.
Launched new partnerships with Ageas (Insurance Broking) and NatWest Boxed (Saga Money).
Introduced an improved instant access savings account and plans to launch more financial products in 2026.
3. **Outlook for 2026/27**
Continued momentum in Cruise and Holidays, with strong booking trends.
Insurance Broking profits expected to align with previous guidance as the Ageas partnership matures.
Further reduction in Net Debt and leverage anticipated, with peak leverage already passed.
4. **Long-Term Goals**
Confident in achieving underlying profitability of at least £100m and leverage below 2.0x by January 2030.
Saga’s preliminary results for the year ending January 31, 2026, are scheduled for April 15, 2026. The company remains focused on delivering high-quality products and services while advancing its strategic objectives.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">Saga PLC Financials and Debt Comparison

Saga PLC Financials and Debt Comparison (2024/25 vs 2025/26)

Metric2024/252025/26Change
Underlying Profit Before TaxNot specifiedAhead of prior yearImprovement
Ocean Cruise Load Factor91%93%+2 ppt
Ocean Cruise Per Diem£358£394+10%
River Cruise Load Factor89%89%0 ppt
River Cruise Per Diem£326£349+7%
Holidays Booked Revenue GrowthNot specified~13%N/A
Holidays Passenger GrowthNot specified11%N/A
Insurance Broking Underlying Profit Before TaxNot specifiedMarginally higher than prior yearImprovement
Trading EBITDANot specifiedAhead of 2024/25Improvement
Net DebtNot specifiedSignificantly lower than prior yearImprovement
Leverage (excluding £60m Ageas receipt)Not specifiedBelow 4.0xImprovement

Outlook for 2026/27

Metric2025/26 (at same point)2026/27 (at same point)Change
Ocean Cruise Booked Load Factor67%70%+3 ppt
Ocean Cruise Booked Per Diem£394£445+13%
River Cruise Booked Load Factor55%59%+4 ppt
River Cruise Booked Per Diem£349£367+3%
Holidays Booked Revenue£126m£132m+5%
Holidays Booked Passengers38k39k+1%
Net Debt and LeveragePeak leverage point passedFurther reductions expectedImprovement
### Key Notes: 1. **2025/26 Comparison**: The table highlights improvements in key metrics such as load factors, per diem rates, and profitability compared to the prior year. 2. **2026/27 Outlook**: The second table shows projected improvements in bookings and financial metrics for the upcoming year. 3. **Styling**: Basic CSS is included for table formatting and readability. 4. **Assumptions**: Some values for 2024/25 were not explicitly provided in the text, so they are marked as "Not specified" or calculated based on the given percentage changes.
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All News 06:01
ALFA

Q4 25 Trading update

Alfa Financial Software Holdings PLC

**Summary**
Alfa Financial Software Holdings PLC released a Q4 2025 trading update on January 29, 2026, highlighting strong financial and operational performance. Key points include
1. **Financial Performance**
FY 2025 revenue reached £126.5 million, exceeding market expectations by £2 million and growing 15% year-on-year (17% on a constant currency basis).
Operating profit grew 17% to £40.0 million, £3 million ahead of expectations.
Q4 2025 revenue increased 11% to £32.5 million, driven by strong subscription (up 15%) and delivery revenues (up 16%).
2. **Pipeline and TCV**
Late-stage pipeline expanded to ten prospects (up from eight in Q3), with eight achieving preferred supplier status.
Total Contract Value (TCV) rose 3% to £227 million, with subscription TCV up 18% year-on-year.
3. **Operational Highlights**
Completed nine deliveries in Q4, including a successful Alfa Systems 6 go-live for an Australian customer expanding into New Zealand.
Twenty customers are now live on Alfa Systems 6, with upgrades progressing effectively.
4. **Market Expansion**
Progress in developing Originations, Fleet, and Commercial Finance capabilities, expanding both Serviceable and Total Addressable Markets.
Active discussions with customers for new modules, driving future investment and growth.
5. **Outlook**
CEO Andrew Denton expressed confidence in continued growth in 2026, supported by a robust pipeline and TCV, despite currency headwinds.
Focus on further product investment to drive long-term revenue growth.
Alfa remains well-positioned in the asset finance industry, with strong customer satisfaction and global presence. Full audited results for FY 2025 will be announced on March 12, 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly mention debt, the table focuses on revenue, operating profit, and TCV (Total Contract Value) for FY2025 compared to FY2024.
MetricFY 2025FY 2024Change
Revenue£126.5m£110.0m+15% (17% at constant currency)
Operating Profit£40.0m£34.2m+17%
Total Contract Value (TCV)£227m£220m+3%
### Notes: 1. **Revenue**: FY2025 revenue is £126.5m, up 15% (17% at constant currency) from FY2024. 2. **Operating Profit**: FY2025 operating profit is £40.0m, a 17% increase from FY2024. 3. **TCV**: FY2025 TCV is £227m, a 3% increase from FY2024. 4. **Debt**: The provided text does not include information on debt, so it is not included in the table. This table provides a clear year-on-year comparison of key financial metrics for Alfa Financial Software Holdings PLC.
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All News 06:01
ITM

Half-year Financial Report

ITM Power

**Summary of ITM Power PLC Half-Year Financial Report (January 29, 2026):**
**Financial Performance**
**Revenue Growth** ITM Power reported a 16% year-on-year revenue increase to £18.0 million for H1 2026, up from £15.5 million in H1 2025.
**EBITDA Improvement** Adjusted EBITDA loss narrowed to £11.9 million from £16.8 million in the same period last year, reflecting better cost management.
**Cash Position** Cash reserves stood at £197.8 million as of October 31, 2025, down slightly from £203.1 million a year earlier, but still robust.
**Operational Highlights**
**Contract Backlog** The contract backlog grew to £152 million, with 71% of contracts now profitable, up from 60% in April 2025.
**Key Projects** Secured significant contracts, including NEPTUNE V with Westnetz GmbH, a 120 MW HAR2 project with Uniper, and a 300+ MW confidential project in Asia-Pacific.
**Hydropulse Launch** Introduced Hydropulse, a new business focused on building, owning, and operating decentralized green hydrogen production plants, targeting industrial customers.
**Product and Technology Development**
**ALPHA 50** Launched a highly competitive 50 MW full-scope green hydrogen plant, priced at €50 million, generating strong customer interest.
**CHRONOS Platform** Continued development of the next-generation stack platform, expected to be a game-changer for the electrolyser industry.
**Market and Strategic Progress**
**Government Support** Positioned to benefit from government-backed funding programs like HAR3 in the UK and various schemes in Germany.
**Industry Growth** The global clean hydrogen sector saw investments rise from $10 billion to $110 billion between 2020 and 2025, driven by policy support and industrial demand.
**Board Changes**
Strengthened the board with appointments of Sir Warren East and John Howarth as Non-Executive Directors, and Jürgen Nowicki as Non-Executive Chair.
**Financial Guidance for FY26**
Revenue is expected to range between £35 million and £40 million.
Adjusted EBITDA loss is projected between £27 million and £29 million.
Year-end cash is forecasted at £170 million to £175 million.
**Conclusion**
ITM Power demonstrated strong progress in H1 2026, with revenue growth, improved EBITDA, and strategic advancements in product development and market positioning. Despite macroeconomic challenges, the company remains well-placed to capitalize on the growing green hydrogen market, supported by robust cash reserves and a strong pipeline of profitable contracts.
Here’s an HTML table comparing the financials and debt year on year for ITM Power PLC based on the provided text:
MetricH1 2025 (£'000)H1 2024 (£'000)Change (£'000)Change (%)
Revenue18,02615,5342,49216.0%
Adjusted EBITDA Loss(11,900)(16,800)4,90029.2%
Cash on Hand197,848203,134(5,286)(2.6%)
Contract Backlog (£'m)15243.7108.3248.0%
Gross Loss(6,474)(10,188)3,71436.4%
Loss Before Tax(14,085)(28,792)14,70751.1%
Capital Expenditure6,9005,4001,50027.8%
Inventories51,12173,000(21,879)(30.0%)
Trade and Other Payables95,30567,33027,97541.5%
Total Provisions19,58134,640(15,059)(43.5%)
### Explanation: 1. **Revenue**: Increased by £2.492 million (16.0%) from H1 2024 to H1 2025. 2. **Adjusted EBITDA Loss**: Reduced by £4.9 million (29.2%) from H1 2024 to H1 2025. 3. **Cash on Hand**: Decreased by £5.286 million (2.6%) from H1 2024 to H1 2025. 4. **Contract Backlog**: Increased significantly by £108.3 million (248.0%) from H1 2024 to H1 2025. 5. **Gross Loss**: Reduced by £3.714 million (36.4%) from H1 2024 to H1 2025. 6. **Loss Before Tax**: Reduced by £14.707 million (51.1%) from H1 2024 to H1 2025. 7. **Capital Expenditure**: Increased by £1.5 million (27.8%) from H1 2024 to H1 2025. 8. **Inventories**: Decreased by £21.879 million (30.0%) from H1 2024 to H1 2025. 9. **Trade and Other Payables**: Increased by £27.975 million (41.5%) from H1 2024 to H1 2025. 10. **Total Provisions**: Decreased by £15.059 million (43.5%) from H1 2024 to H1 2025. This table provides a clear comparison of key financial metrics between H1 2024 and H1 2025.
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All News 06:01
GSF

Holding(s) in Company

Gore Street Energy Storage Fund Plc

<mark style="background-coloryellow">TR1</mark> Buy
['Bank of Montreal', 'Below 5', '5.427303']
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All News 06:01
GSF

Holding(s) in Company

Gore Street Energy Storage Fund Plc

TR1 Buy
['Bank of Montreal', '5.427303', '3.873154']
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All News 06:01
GSF

Holding(s) in Company

Gore Street Energy Storage Fund Plc

TR1 Buy
['Jefferies Financial Group Inc', '2.144000', '0.135000']
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All News 05:16
0HAF

Proposals by the Board of Directors to Nokia Corporation’s Annual General Meeting 2026

Nokia Oyj

**Summary of Nokia Corporation’s Annual General Meeting (AGM) 2026 Proposals**
Nokia Corporation has released proposals by its Board of Directors for the 2026 Annual General Meeting (AGM), scheduled for April 9, 2026, in Helsinki, Finland. Key highlights include
1. **Board Leadership Changes**
Sari Baldauf will step down as Board Chair.
Timo Ihamuotila is proposed as the new Board Chair, with Thomas Saueressig as Vice Chair.
Meredith Whittaker, President of Signal Technology Foundation, is proposed as a new Board member.
2. **Board Composition and Remuneration**
The Board proposes maintaining 10 members, with re-election of nine current members and the addition of Whittaker.
Annual fees for Board members remain unchanged, with approximately 40% paid in Nokia shares.
Meeting fees and travel reimbursements are also unchanged.
3. **Dividend Distribution**
The Board seeks authorization to distribute up to EUR 0.14 per share in four installments throughout 2026-2027, in line with Nokia’s dividend policy.
4. **Auditor and Sustainability Reporting Assurer**
Deloitte Oy is proposed for re-election as both auditor and sustainability reporting assurer for the financial year 2027.
5. **Share Issuance and Repurchase Authorization**
The Board seeks approval to issue up to 550 million shares and repurchase the same number of shares, aimed at capital structure optimization, acquisitions, and equity-based incentives.
6. **Other AGM Matters**
Adoption of financial statements for 2025, discharge of Board and CEO liability, and approval of the 2025 Remuneration Report.
Complete proposals and candidate resumes are available at [www.nokia.ly/agm2026](http://www.nokia.ly/agm2026). The notice for the AGM, including participation and voting details, will be published in week 6 of 2026.
Proposals
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All News 05:01
0HAF

Nokia Corporation Financial Report for Q4 2025 and full year 2025

Nokia Oyj

**Summary of Nokia Corporation Financial Report for Q4 2025 and Full Year 2025**
Nokia Corporation released its financial report for Q4 2025 and the full year 2025 on January 29, 2026, highlighting steady performance and strategic progress amid industry challenges.
**Key Financial Highlights**
**Q4 2025 Performance**
Comparable net sales grew 3% year-over-year (YoY) on a constant currency and portfolio basis (+2% reported), driven by growth in Network Infrastructure and Mobile Networks.
Comparable gross margin expanded by 90 basis points (bps) to 48.1%, offset by lower contributions from Nokia Technologies. Reported gross margin declined by 120 bps to 44.9% due to restructuring charges.
Comparable operating margin decreased by 90 bps to 17.3%, while reported operating margin fell by 560 bps to 8.8% due to higher restructuring costs.
Comparable diluted EPS was EUR 0.16
reported diluted EPS was EUR 0.10.
Free cash flow was EUR 0.2 billion, with a net cash balance of EUR 3.4 billion.
**Full Year 2025 Performance**
Net sales grew 2% YoY on a constant currency and portfolio basis (+3% reported).
Comparable operating profit was EUR 2.0 billion, and free cash flow was EUR 1.5 billion (72% FCF conversion).
Comparable diluted EPS was EUR 0.29
reported diluted EPS was EUR 0.12.
Results were within Nokias prior guidance.
**Strategic Initiatives and Outlook**
Nokia strengthened its portfolio with the acquisition of Infinera and sharpened its focus on AI-driven network opportunities.
The company simplified its operating model into Network Infrastructure and Mobile Infrastructure segments from 2026.
Nokia introduced a 2026 financial guidance, targeting EUR 2.0 to 2.5 billion in comparable operating profit.
Long-term targets for 2028 include comparable operating profit of EUR 2.7 to 3.2 billion, with a focus on Network Infrastructure growth (6-8% CAGR) and Mobile Infrastructure profitability.
**Segment Performance**
**Network Infrastructure** 7% net sales growth in Q4, led by 17% growth in Optical Networks. Strong order intake driven by AI & Cloud demand.
**Mobile Networks** 6% net sales growth in Q4, with flat full-year performance. Focus on profitability and 5G technologies.
**Cloud and Network Services** Declined 4% in Q4 but grew 6% for the full year, with 5 points of operating margin expansion.
**Nokia Technologies** Maintained a contracted net sales run-rate of EUR 1.4 billion.
**Dividend and Shareholder Returns**
The Board proposed a dividend authorization of EUR 0.14 per share for 2025, with a EUR 0.03 per share dividend announced for Q4 2025.
**Future Focus**
Nokia aims to capture growth in AI & Cloud, increase efficiency, and build a high-performance culture.
Investments in AI-native networks, 6G, and partnerships (e.g., NVIDIA) position Nokia for long-term leadership.
**Risks and Challenges**
Competitive intensity, supply chain disruptions, inflation, and geopolitical uncertainties remain key risks.
Nokia is also focused on executing cost savings programs and integrating acquisitions effectively.
**Conclusion**
Nokias Q4 and full-year 2025 results reflect disciplined execution and strategic alignment with AI and cloud trends. The company is optimistic about its 2026 outlook and long-term growth potential, despite ongoing industry challenges. Detailed segment-level discussions are available in the complete financial report on Nokias website.
Below is the HTML table code comparing the financial and debt-related metrics year-on-year (Q4'25 vs Q4'24 and Full Year 2025 vs Full Year 2024) based on the provided text:
MetricQ4'25 vs Q4'24Full Year 2025 vs Full Year 2024
Q4'25Q4'24YoY ChangeFull Year 2025Full Year 2024YoY Change
Net Sales (EUR million)6,1255,9832%19,88919,2203%
Gross Margin (%)44.9%46.1%(120)bps43.5%46.1%(260)bps
Operating Profit (EUR million)540861(37%)8851,970(55%)
Operating Margin (%)8.8%14.4%(560)bps4.4%10.2%(580)bps
Profit for the Period (EUR million)544813(33%)6601,284(49%)
EPS (Diluted, EUR)0.100.15(33%)0.120.23(48%)
Net Cash Balance (EUR million)3,3784,854(30%)3,3784,854(30%)
Free Cash Flow (EUR million)200Not ProvidedNot Provided1,500Not ProvidedNot Provided
Debt (Not Explicitly Provided)No specific debt figures provided in the text.
### Notes: 1. **Debt Information**: The provided text does not explicitly mention debt figures, so the debt row indicates that no specific data is available. 2. **Comparable Results**: The table focuses on reported results as per the provided data. Comparable results are not included here but can be added if needed. 3. **Formatting**: The table is structured to clearly compare Q4 and full-year metrics year-on-year, with bold headers for better readability.
AI 2 news titles 2
MFAI logo
AI 09:46
MFAI

New Investment in AI Sales Execution Company

Mindflair Plc

**Summary**
Mindflair plc, an AIM-quoted investment company focused on AI and related technologies, announced that Sure Valley Ventures (SVV) third fund (SVV3), in which Mindflair holds an interest, has invested in Overpath Limited, an Ireland-based AI sales execution platform. Overpath raised €1.6 million in pre-seed funding, led by Elkstone Ventures, to accelerate product development and expand enterprise partnerships. The platform uses AI to analyze live sales data, helping organizations identify execution risks early and recommend proactive actions to improve sales outcomes. Founded by experienced enterprise software operators Ross Keating and Dermot OConnor, Overpath aims to address a critical gap in revenue technology by focusing on sales execution rather than retrospective analytics. Nicholas Lee, Director of Mindflair, highlighted the investment aligns with their strategy of backing differentiated AI companies solving real operational challenges. Mindflair continues to build a portfolio of high-growth AI-focused businesses across sectors like IoT, cybersecurity, and machine learning.
AI
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Agreement 2 news titles 2
Approvals 1 news title 1
TGR logo
Approvals 06:01
TGR

Approval of CLN Amendments

Tirupati Graphite plc

**Summary**
Tirupati Graphite plc (TGR.L), a specialist flake graphite company, announced on January 29, 2026, that proposed amendments to its existing Convertible Loan Notes (CLNs) have been approved by the required majorities of noteholders. These amendments, initially disclosed on December 10, 2025, modify terms such as final maturity dates and conversion prices for the 2019, 2022, and 2025 (Series 1 and Series 2) CLN issues. The approval satisfies a key condition for the closing of the Placing of new ordinary shares, also announced on December 10, 2025. Tirupati Graphite is a critical mineral supplier for the global energy transition. Contact details for enquiries are provided, and the information is disseminated via RNS, the London Stock Exchanges news service.
Approvals
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DirectorDealing 20 news titles 20
WINE logo
DirectorDealing 14:06
WINE

Director/PDMR Shareholding

Naked Wines plc

Following the <mark style="background-color:yellow">purchase</mark> of shares, Mr. Pailings beneficial interest in the Company and that of persons closely associated with him is 814,814 Ordinary Shares representing approximately 1.18% of the issued share capital of the Company.
WVIA logo
DirectorDealing 13:16
WVIA

Director/PDMR Shareholding

Winvia Entertainment PLC

The Company announces that on 28 January 2026, Tim Lloyd-Hughes, Non-Executive Director of the Company, transferred 2,564 Ordinary Shares of 0.5 pence each in the Company ("Ordinary Shares") into his ISA. The transfer was effected through a sale of 2,564 Ordinary Shares at price of 237.5 pence per share and immediate re<mark style="background-color:yellow">purchase</mark> of 2,564 Ordinary Shares into his ISA, at a price of 237.5 pence per share.
NCC logo
DirectorDealing 08:12
NCC

Dealing Disclosure under Rule 8 Takeover Code

NCC Group plc

**Summary**
On **29 January 2026**, **Mike Maddison**, a person acting in concert with the offeree **NCC Group plc**, disclosed his interests and rights under **Rule 8 of the Takeover Code**. The disclosure, filed via **RNS** (Regulatory News Service), details Maddison’s holdings and options in **NCC Group plc** as of **23 January 2026**.
**Key Points**
1. **Holdings** Maddison owns **172,170 ordinary shares** (0.00055% of the company) with no short positions.
2. **Options** He holds **nil-cost options** and **deferred bonus options** totaling **3,405,052 shares** under various performance-based and bonus plans, granted between **2022 and 2026**. Vesting and lapse dates range from **2025 to 2036**.
3. **Dealings** No purchases, sales, or derivative transactions were reported.
4. **Other Arrangements** No indemnities, agreements, or understandings related to voting rights or derivatives were disclosed.
The disclosure complies with **Takeover Code** requirements, with no supplemental forms attached. **Elizabeth Duncan-Lee** is the contact for further inquiries.
**Purpose** The filing ensures transparency in dealings related to **NCC Group plc** during a potential takeover or offer process.
DirectorDealing
NCC logo
DirectorDealing 08:12
NCC

Dealing Disclosure under Rule 8 Takeover Code

NCC Group plc

**Summary**
On **29 January 2026**, **Guy Ellis**, a person acting in concert with the offeree **NCC Group plc**, disclosed dealings under **Rule 8 of the Takeover Code**. The disclosure details Elliss interests and rights in **NCC Group plc**s ordinary shares as of **23 January 2026**. Key points include
1. **Interests and Short Positions**
Ellis holds **1,833 ordinary shares** (0.00058% of the company), with no short positions.
2. **Rights to Subscribe**
Ellis holds **nil-cost options** and **deferred bonus options** totaling **1,376,079 shares** under various employee share plans, with vesting and lapse dates ranging from **2025 to 2036**.
3. **Dealings**
No purchases, sales, or derivative transactions were reported.
4. **Other Information**
No indemnity arrangements, agreements, or supplemental forms were disclosed.
The disclosure was made through **RNS**, the news service of the London Stock Exchange, and complies with the **Takeover Code** requirements. Contact details for further information are provided.
DirectorDealing
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NewContract 3 news titles 3
SYS logo
NewContract 13:12
SYS

Contract win with the Scouts Association

SysGroup PLC

**Summary**
SysGroup PLC, a provider of managed IT services and cloud solutions, announced on January 29, 2026, that it has secured a new three-year contract with The Scouts Association (Scouts), the UKs largest youth movement. This agreement, awarded after a competitive tender process, expands the range of managed network services SysGroup will provide to Scouts, building on their long-standing relationship. The contract leverages SysGroups visibility-led operating model, which uses data and AI-driven insights to enhance decision-making, risk management, and service delivery.
Key highlights include
SysGroup will continue to support Scouts national network infrastructure, offering improved visibility, assurance, and operational oversight.
Scouts Head of Technology & Digital, Jason Mason, praised SysGroups understanding of their organization and requirements.
SysGroups CTO, Simon Kirkup, emphasized the companys evolving operating model, focusing on visibility, automation, and intelligence to foster long-term partnerships.
This non-regulatory announcement underscores SysGroups commitment to delivering transformative IT solutions and strengthening client relationships. For more information, visit [www.sysgroup.com](http://www.sysgroup.com).
NewContract
APTA logo
NewContract 06:01
APTA

Contract wins and first cash licensing receipts

Aptamer Group PLC

**Summary**
Aptamer Group PLC, a developer of next-generation synthetic binders for the life sciences industry, announced significant commercial progress on January 29, 2026. The company secured **£190,000 in new fee-for-service contracts and extensions**, including repeat business with top-tier pharmaceutical partners, bringing its FY26 fee-for-service order book to over **£2.1 million**. Additionally, Aptamer received its **first cash licensing receipts of £80,000** from a hot-start PCR Optimer® license, marking the transition to high-margin, recurring revenues.
Key highlights include
**Repeat contracts** with a top-10 global pharmaceutical company and other leading industry players, demonstrating sustained adoption of the Optimer® platform.
A new Optimer® development program for novel fertility solutions, with Aptamer retaining full intellectual property rights for potential downstream licensing.
The first cash licensing receipts are expected to contribute **15% of annual overhead** over the next three years, showcasing operational leverage.
A strong financial position with funding runway through **June 2027**, supporting continued revenue growth and progress toward cash-flow break-even.
CEO Dr. Arron Tolley emphasized the company’s progress in building a higher-quality, recurring revenue business, with confidence in delivering year-on-year growth and enhancing shareholder value.
NewContract
Offers 5 news titles 5
ACSO logo
Offers 06:01
ACSO

Trading Update and Tender Offer

Accesso Technology Group PLC

**Summary**
**Accesso Technology Group PLC** (AIMACSO) released a trading update and tender offer announcement on January 29, 2026. Key highlights include
1. **Trading Update for 2025**
Revenue is expected to be slightly ahead of market expectations at approximately $155 million.
Cash EBITDA margins are approaching 15%, reflecting operational efficiency and cost management.
Net cash as of December 312025was $30 millionsupported by strong cash generation.
2. **Tender Offer**
The Board plans to repurchase up to £14.5 million of the Company’s shares at £3.00 per share, following the completion of its 2025-2026 share repurchase program.
Details of the tender offer, including timetable and terms, will be communicated to shareholders later.
3. **Outlook for 2026**
Despite challenges in 2025, including changes in services to key customers, the Group entered 2026 with strong commercial momentum.
Management has aligned costs with market conditions and strategic priorities, enhancing business resilience.
The 2026 outturn is expected to be in line with current market expectations.
4. **Customer Updates**
A major customer has continued service into 2026, with updated commercial arrangements nearing completion.
Another major customer will not renew its agreement beyond January 31, 2026, as anticipated.
5. **Company Overview**
Accesso is a premier technology solutions provider for leisure, entertainment, and cultural markets, serving over 1,100 venues in 33 countries.
The company focuses on improving guest experiences and driving revenue for clients through innovative technology solutions.
The announcement constitutes inside information under the Market Abuse Regulations (EU) No. 596/2014 and is now in the public domain.
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Partner 2 news titles 2
CABP logo
Partner 16:27
CABP

ADGM Licence and global clearing partner secured

CAB Payments Holdings Ltd

**Summary**
CAB Payments Holdings PLC, a leading B2B FX and Payments provider, announced two significant developments on January 29, 2026. First, its Middle Eastern subsidiary, CAB Global Markets (CAB GM), secured a Category 2 Financial Services Permission from the Abu Dhabi Global Market (ADGM)s Financial Services Regulatory Authority (FSRA). This license enables CAB GM to facilitate cross-border payments, foreign exchange transactions, trade finance, and credit arrangements, strengthening its presence in fast-growing markets across Africa, South Asia, and the Middle East.
Second, CAB established a strategic global clearing partnership with another leading bank, enhancing access to USD and Euro clearing services. This partnership deepens liquidity, improves connectivity with key regions, and bolsters operational resilience.
Group CEO Neeraj Kapur emphasized these developments as pivotal steps in CABs strategy, expanding its reach in key growth regions and reinforcing its commitment to delivering prosperity in the markets it serves. CAB Payments, with its 180-year legacy, connects hard-to-reach financial markets globally, operating with a strong focus on sustainability and ethical practices.
Partner
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Placing 4 news titles 4
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Proposals 1 news title 1
0HAF logo
Proposals 05:16
0HAF

Proposals by the Board of Directors to Nokia Corporation’s Annual General Meeting 2026

Nokia Oyj

**Summary of Nokia Corporation’s Annual General Meeting (AGM) 2026 Proposals**
Nokia Corporation has released proposals by its Board of Directors for the 2026 Annual General Meeting (AGM), scheduled for April 9, 2026, in Helsinki, Finland. Key highlights include
1. **Board Leadership Changes**
Sari Baldauf will step down as Board Chair.
Timo Ihamuotila is proposed as the new Board Chair, with Thomas Saueressig as Vice Chair.
Meredith Whittaker, President of Signal Technology Foundation, is proposed as a new Board member.
2. **Board Composition and Remuneration**
The Board proposes maintaining 10 members, with re-election of nine current members and the addition of Whittaker.
Annual fees for Board members remain unchanged, with approximately 40% paid in Nokia shares.
Meeting fees and travel reimbursements are also unchanged.
3. **Dividend Distribution**
The Board seeks authorization to distribute up to EUR 0.14 per share in four installments throughout 2026-2027, in line with Nokia’s dividend policy.
4. **Auditor and Sustainability Reporting Assurer**
Deloitte Oy is proposed for re-election as both auditor and sustainability reporting assurer for the financial year 2027.
5. **Share Issuance and Repurchase Authorization**
The Board seeks approval to issue up to 550 million shares and repurchase the same number of shares, aimed at capital structure optimization, acquisitions, and equity-based incentives.
6. **Other AGM Matters**
Adoption of financial statements for 2025, discharge of Board and CEO liability, and approval of the 2025 Remuneration Report.
Complete proposals and candidate resumes are available at [www.nokia.ly/agm2026](http://www.nokia.ly/agm2026). The notice for the AGM, including participation and voting details, will be published in week 6 of 2026.
Proposals
Reports 17 news titles 17
RNK logo
Reports 06:01
RNK

Half-year Report

Rank Group PLC

**Summary of Rank Group PLC Half-Year Report (H1 2025/26)**
**Financial Performance Highlights**
**Revenue Growth** Like-for-like (LFL) net gaming revenue (NGR) increased by 6% to £419.8 million, driven by growth across all business segments.
**Profitability** Underlying LFL operating profit rose by 15% to £40.6 million, despite a statutory operating profit decline to £31.3 million due to a £6.5 million loss from a payment fraud incident in Spain.
**Cash Position** Net cash (pre-IFRS 16) improved by 63% to £39.4 million, with net free cash flow at £3.8 million.
**Dividend** Interim dividend increased by 54% to 1.00 pence per share, reflecting confidence in the Group’s outlook.
**Segment Performance**
**Venues** LFL NGR grew by 5% to £296.1 million, with Grosvenor venues up 6% and Mecca venues up 4%.
**Digital** LFL NGR increased by 8% to £123.7 million, led by 17% growth in Grosvenor online and 5% in Mecca online.
**International** Spain’s digital revenues grew by 1%, while Portugal’s YoBingo soft launch was successful, with a full launch planned for February 2026.
**Strategic Initiatives**
**Grosvenor Venues** Installed 850 additional gaming machines across 37 venues, with plans to optimize product offerings and layouts in H2.
**Digital Mitigation** Implemented measures to offset the impact of the Remote Gaming Duty (RGD) increase from 21% to 40%, including reduced media spend and renegotiated supplier contracts.
**Safer Gambling** Enhanced customer monitoring systems and joined GamProtect, a cross-operator data-sharing initiative to protect vulnerable customers.
**Challenges**
**Cost Headwinds** Increased employment costs and the RGD hike will impact profitability, particularly in Q4 and beyond.
**Fraud Incident** A £6.5 million loss from payment fraud in Spain was classified as a separately disclosed item.
**Outlook**
**Medium-Term Target** Remains focused on delivering at least £100 million in annual operating profit.
**Leadership Transition** John OReilly retired as CEO, with Richard Harris appointed as interim CEO.
**Sustainability and Governance**
**Environmental** Achieved a 41% reduction in emissions, driven by renewable energy adoption and decarbonization efforts.
**Board Changes** John H. Ott appointed as Chair, replacing Karen Whitworth.
**Conclusion**
Rank Group demonstrated resilience with strong H1 performance, despite challenges like the RGD increase and fraud incident. Strategic investments in venues and digital, coupled with cost mitigation measures, position the Group to navigate headwinds and pursue its medium-term profit target.
Here’s an HTML table comparing the financials and debt year on year for Rank Group PLC based on the provided text:
MetricH1 2025/26H1 2024/25Change
Financial KPIs
Group Underlying LFL Net Gaming Revenue (NGR)£419.8m£395.6m6%
Venues Underlying LFL NGR£296.1m£280.8m5%
Digital Underlying LFL NGR£123.7m£114.8m8%
Underlying LFL Operating Profit£40.6m£35.2m15%
Net Cash Pre IFRS 16£39.4m£24.2m63%
Underlying Earnings Per Share5.6p4.8p17%
Return on Capital Employed (ROCE)15.9%13.3%2.6 %pts
Statutory Performance
Reported NGR£420.0m£401.8m5%
Total Group Operating Profit£31.3m£35.2m(11)%
Profit Before Taxation£23.9m£29.4m(19)%
Profit After Taxation£18.5m£24.9m(26)%
Net Free Cash Flow£3.8m£4.3m(12)%
Net Debt£(165.1)m£(124.1)m33%
Basic Earnings Per Share4.0p5.3p(25)%
Dividend Per Share1.00p0.65p54%
### Key Highlights: 1. **Revenue Growth**: Group underlying LFL NGR increased by 6% to £419.8m, driven by growth across all businesses. 2. **Profitability**: Underlying LFL operating profit rose by 15% to £40.6m, despite cost pressures. 3. **Net Cash**: Net cash pre IFRS 16 increased significantly by 63% to £39.4m. 4. **Debt**: Net debt increased by 33% to £(165.1)m, primarily due to lease liabilities. 5. **Dividend**: Dividend per share increased by 54% to 1.00p, reflecting confidence in the Group's outlook. This table provides a clear comparison of key financial metrics and debt levels between H1 2025/26 and H1 2024/25.
PPET logo
Reports 06:01
PPET

Annual Financial Report

Patria Private Equity Trust

Patria Private Equity Trust plc (PPET) has released its annual financial report for the year ended September 30, 2025, highlighting strong performance and strategic progress. Heres a summary of the key points
**Financial Performance**
PPET achieved a NAV Total Return (NAV TR) of 10.6%, marking its 16th consecutive year of positive NAV TR growth.
Share price total return was 7%, while the portfolio return in constant currency was 8.0%.
The company made 21 new investments totaling £300.1 million and realized £180.2 million from investments.
**Portfolio and Strategy**
PPET focuses on the European mid-market private equity, targeting long-term total returns through capital growth and dividends.
The portfolio consists of over 600 private companies, offering daily liquidity, quarterly dividends, and no performance fees.
The company partners with leading private equity managers, investing in their funds and directly alongside them.
**Key Metrics**
NAV per share increased to 845.5p from 780.1p in the previous year.
Portfolio value grew to £1371.1 million from £1177.1 million.
Outstanding commitments were £759.3 million, with an over-commitment ratio of 33.8%.
**Board and Management**
The Board conducted share buybackspurchasing 5.5 million sharesadding 8.5 pence to NAV per share.
Alan Devinethe Chairmanannounced his retirementwith Duncan Budge succeeding him.
The company renewed its marketing focus on the retail segment and conducted an inaugural perception study.
**Investment Activity**
PPET made new commitments of £300.1 million across primary funds, fund secondaries, and direct investments.
The company completed its first full exit from a direct investment, selling Mademoiselle Desserts to Emmi Group.
PPET also achieved a partial realization of its direct investment in European Camping Group.
**Outlook**
The company expects a recovery in the private equity exit market, particularly for its mature investments.
PPET aims to increase direct investments to 30-35% of its portfolio and continue its secondary investment strategy.
The Board remains focused on marketing and shareholder engagement to attract new investors.
**Financial Highlights**
Net assets increased to £1256.7 million from £1192.1 million.
Total dividends paid were £26.3 million, with a dividend yield of 2.8%.
The ongoing charges ratio was 1.08%, slightly up from 1.06% in the previous year.
In summary, PPET demonstrated strong financial performance, strategic progress, and a commitment to delivering value to shareholders through its European mid-market private equity focus. The companys diversified portfolio, experienced management, and strategic initiatives position it well for continued growth and success.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
NAV per share (p)780.1845.5+8.4%
Portfolio Return (in Constant Currency)8.8%8.0%-9.1%
Total Dividend Per Share (Annualised) (p)16.817.6+4.8%
Share Price Discount to NAV31.4%34.4%+9.6%
Net Assets (£m)1,192.11,256.7+5.4%
Ongoing Charges Ratio (OCR)1.06%1.08%+1.9%
Gearing11.8%18.1%+53.4%
Over-commitment Ratio28.5%33.8%+18.6%
Debt Drawn (£m)140.6227.4+61.7%
**Key Observations:** - **NAV per share** increased by 8.4%, indicating growth in the company's net asset value. - **Portfolio Return** decreased slightly from 8.8% to 8.0%, possibly due to market conditions or investment strategy changes. - **Dividend Per Share** increased by 4.8%, reflecting the company's commitment to returning value to shareholders. - **Share Price Discount to NAV** widened from 31.4% to 34.4%, suggesting the market is valuing the company at a greater discount to its net asset value. - **Net Assets** grew by 5.4%, indicating overall growth in the company's assets. - **Gearing** increased significantly from 11.8% to 18.1%, indicating higher leverage and potentially higher risk. - **Over-commitment Ratio** also increased, reflecting higher outstanding commitments relative to liquid resources. - **Debt Drawn** increased by 61.7%, indicating higher utilization of the company's credit facilities. These changes highlight the company's growth in assets and shareholder returns, but also increased leverage and potential risks associated with higher debt levels and over-commitments.
ITM logo
Reports 06:01
ITM

Half-year Financial Report

ITM Power

**Summary of ITM Power PLC Half-Year Financial Report (January 29, 2026):**
**Financial Performance**
**Revenue Growth** ITM Power reported a 16% year-on-year revenue increase to £18.0 million for H1 2026, up from £15.5 million in H1 2025.
**EBITDA Improvement** Adjusted EBITDA loss narrowed to £11.9 million from £16.8 million in the same period last year, reflecting better cost management.
**Cash Position** Cash reserves stood at £197.8 million as of October 31, 2025, down slightly from £203.1 million a year earlier, but still robust.
**Operational Highlights**
**Contract Backlog** The contract backlog grew to £152 million, with 71% of contracts now profitable, up from 60% in April 2025.
**Key Projects** Secured significant contracts, including NEPTUNE V with Westnetz GmbH, a 120 MW HAR2 project with Uniper, and a 300+ MW confidential project in Asia-Pacific.
**Hydropulse Launch** Introduced Hydropulse, a new business focused on building, owning, and operating decentralized green hydrogen production plants, targeting industrial customers.
**Product and Technology Development**
**ALPHA 50** Launched a highly competitive 50 MW full-scope green hydrogen plant, priced at €50 million, generating strong customer interest.
**CHRONOS Platform** Continued development of the next-generation stack platform, expected to be a game-changer for the electrolyser industry.
**Market and Strategic Progress**
**Government Support** Positioned to benefit from government-backed funding programs like HAR3 in the UK and various schemes in Germany.
**Industry Growth** The global clean hydrogen sector saw investments rise from $10 billion to $110 billion between 2020 and 2025, driven by policy support and industrial demand.
**Board Changes**
Strengthened the board with appointments of Sir Warren East and John Howarth as Non-Executive Directors, and Jürgen Nowicki as Non-Executive Chair.
**Financial Guidance for FY26**
Revenue is expected to range between £35 million and £40 million.
Adjusted EBITDA loss is projected between £27 million and £29 million.
Year-end cash is forecasted at £170 million to £175 million.
**Conclusion**
ITM Power demonstrated strong progress in H1 2026, with revenue growth, improved EBITDA, and strategic advancements in product development and market positioning. Despite macroeconomic challenges, the company remains well-placed to capitalize on the growing green hydrogen market, supported by robust cash reserves and a strong pipeline of profitable contracts.
Here’s an HTML table comparing the financials and debt year on year for ITM Power PLC based on the provided text:
MetricH1 2025 (£'000)H1 2024 (£'000)Change (£'000)Change (%)
Revenue18,02615,5342,49216.0%
Adjusted EBITDA Loss(11,900)(16,800)4,90029.2%
Cash on Hand197,848203,134(5,286)(2.6%)
Contract Backlog (£'m)15243.7108.3248.0%
Gross Loss(6,474)(10,188)3,71436.4%
Loss Before Tax(14,085)(28,792)14,70751.1%
Capital Expenditure6,9005,4001,50027.8%
Inventories51,12173,000(21,879)(30.0%)
Trade and Other Payables95,30567,33027,97541.5%
Total Provisions19,58134,640(15,059)(43.5%)
### Explanation: 1. **Revenue**: Increased by £2.492 million (16.0%) from H1 2024 to H1 2025. 2. **Adjusted EBITDA Loss**: Reduced by £4.9 million (29.2%) from H1 2024 to H1 2025. 3. **Cash on Hand**: Decreased by £5.286 million (2.6%) from H1 2024 to H1 2025. 4. **Contract Backlog**: Increased significantly by £108.3 million (248.0%) from H1 2024 to H1 2025. 5. **Gross Loss**: Reduced by £3.714 million (36.4%) from H1 2024 to H1 2025. 6. **Loss Before Tax**: Reduced by £14.707 million (51.1%) from H1 2024 to H1 2025. 7. **Capital Expenditure**: Increased by £1.5 million (27.8%) from H1 2024 to H1 2025. 8. **Inventories**: Decreased by £21.879 million (30.0%) from H1 2024 to H1 2025. 9. **Trade and Other Payables**: Increased by £27.975 million (41.5%) from H1 2024 to H1 2025. 10. **Total Provisions**: Decreased by £15.059 million (43.5%) from H1 2024 to H1 2025. This table provides a clear comparison of key financial metrics between H1 2024 and H1 2025.
0HAF logo
Reports 05:01
0HAF

Nokia Corporation Financial Report for Q4 2025 and full year 2025

Nokia Oyj

**Summary of Nokia Corporation Financial Report for Q4 2025 and Full Year 2025**
Nokia Corporation released its financial report for Q4 2025 and the full year 2025 on January 29, 2026, highlighting steady performance and strategic progress amid industry challenges.
**Key Financial Highlights**
**Q4 2025 Performance**
Comparable net sales grew 3% year-over-year (YoY) on a constant currency and portfolio basis (+2% reported), driven by growth in Network Infrastructure and Mobile Networks.
Comparable gross margin expanded by 90 basis points (bps) to 48.1%, offset by lower contributions from Nokia Technologies. Reported gross margin declined by 120 bps to 44.9% due to restructuring charges.
Comparable operating margin decreased by 90 bps to 17.3%, while reported operating margin fell by 560 bps to 8.8% due to higher restructuring costs.
Comparable diluted EPS was EUR 0.16
reported diluted EPS was EUR 0.10.
Free cash flow was EUR 0.2 billion, with a net cash balance of EUR 3.4 billion.
**Full Year 2025 Performance**
Net sales grew 2% YoY on a constant currency and portfolio basis (+3% reported).
Comparable operating profit was EUR 2.0 billion, and free cash flow was EUR 1.5 billion (72% FCF conversion).
Comparable diluted EPS was EUR 0.29
reported diluted EPS was EUR 0.12.
Results were within Nokias prior guidance.
**Strategic Initiatives and Outlook**
Nokia strengthened its portfolio with the acquisition of Infinera and sharpened its focus on AI-driven network opportunities.
The company simplified its operating model into Network Infrastructure and Mobile Infrastructure segments from 2026.
Nokia introduced a 2026 financial guidance, targeting EUR 2.0 to 2.5 billion in comparable operating profit.
Long-term targets for 2028 include comparable operating profit of EUR 2.7 to 3.2 billion, with a focus on Network Infrastructure growth (6-8% CAGR) and Mobile Infrastructure profitability.
**Segment Performance**
**Network Infrastructure** 7% net sales growth in Q4, led by 17% growth in Optical Networks. Strong order intake driven by AI & Cloud demand.
**Mobile Networks** 6% net sales growth in Q4, with flat full-year performance. Focus on profitability and 5G technologies.
**Cloud and Network Services** Declined 4% in Q4 but grew 6% for the full year, with 5 points of operating margin expansion.
**Nokia Technologies** Maintained a contracted net sales run-rate of EUR 1.4 billion.
**Dividend and Shareholder Returns**
The Board proposed a dividend authorization of EUR 0.14 per share for 2025, with a EUR 0.03 per share dividend announced for Q4 2025.
**Future Focus**
Nokia aims to capture growth in AI & Cloud, increase efficiency, and build a high-performance culture.
Investments in AI-native networks, 6G, and partnerships (e.g., NVIDIA) position Nokia for long-term leadership.
**Risks and Challenges**
Competitive intensity, supply chain disruptions, inflation, and geopolitical uncertainties remain key risks.
Nokia is also focused on executing cost savings programs and integrating acquisitions effectively.
**Conclusion**
Nokias Q4 and full-year 2025 results reflect disciplined execution and strategic alignment with AI and cloud trends. The company is optimistic about its 2026 outlook and long-term growth potential, despite ongoing industry challenges. Detailed segment-level discussions are available in the complete financial report on Nokias website.
Below is the HTML table code comparing the financial and debt-related metrics year-on-year (Q4'25 vs Q4'24 and Full Year 2025 vs Full Year 2024) based on the provided text:
MetricQ4'25 vs Q4'24Full Year 2025 vs Full Year 2024
Q4'25Q4'24YoY ChangeFull Year 2025Full Year 2024YoY Change
Net Sales (EUR million)6,1255,9832%19,88919,2203%
Gross Margin (%)44.9%46.1%(120)bps43.5%46.1%(260)bps
Operating Profit (EUR million)540861(37%)8851,970(55%)
Operating Margin (%)8.8%14.4%(560)bps4.4%10.2%(580)bps
Profit for the Period (EUR million)544813(33%)6601,284(49%)
EPS (Diluted, EUR)0.100.15(33%)0.120.23(48%)
Net Cash Balance (EUR million)3,3784,854(30%)3,3784,854(30%)
Free Cash Flow (EUR million)200Not ProvidedNot Provided1,500Not ProvidedNot Provided
Debt (Not Explicitly Provided)No specific debt figures provided in the text.
### Notes: 1. **Debt Information**: The provided text does not explicitly mention debt figures, so the debt row indicates that no specific data is available. 2. **Comparable Results**: The table focuses on reported results as per the provided data. Comparable results are not included here but can be added if needed. 3. **Formatting**: The table is structured to clearly compare Q4 and full-year metrics year-on-year, with bold headers for better readability.
Results 17 news titles 17
LLOY logo
Results 06:01
LLOY

2025 results

Lloyds Banking Group PLC

<mark style="background-coloryellow"></mark>
WIZZ logo
Results 06:01
WIZZ

Q3 F26 RESULTS

Wizz Air Holdings PLC

**Summary of Wizz Air Holdings PLC Q3 F26 Results (January 29, 2026):**
Wizz Air Holdings PLC, Europes most emissions-efficient airline, reported its unaudited Q3 F26 results for the period ending December 31, 2025. The airline demonstrated robust growth and operational resilience despite ongoing challenges, including GTF engine-related disruptions.
**Key Highlights**
1. **Financial Performance**
**Revenue Growth** Total revenue increased by 10.2% to €1,296.4 million, driven by a 12.5% rise in passengers carried to 17.5 million.
**EBITDA Improvement** EBITDA grew by 12.2% to €176.2 million, with an EBITDA margin of 13.6%.
**Operating Loss** Operating loss widened to €123.9 million, primarily due to higher depreciation charges related to older aircraft maintenance.
**Net Loss** Net loss decreased to €139.3 million from €241.1 million in the same period last year.
**Cash Position** Total cash increased by 14.3% to €1,984.8 million, while net debt rose slightly to €5,196.0 million.
2. **Operational Metrics**
**Capacity Expansion** ASK capacity grew by 11.1%, with a 13.1% increase in seats, despite shorter stage lengths.
**Load Factor** Load factor slightly decreased to 89.8% from 90.3%.
**RASK and CASK** Total unit revenue (RASK) declined by 0.8% to €3.83 cents, while total unit cost (CASK) increased by 2.3% to €4.35 cents, driven by higher depreciation, fuel, and airport charges.
3. **Fleet and Network**
**Fleet Growth** Fleet size expanded to 257 aircraft, with a focus on NEO aircraft, which now constitute nearly 75% of the fleet.
**Network Expansion** CEE market share reached 26%, maintaining Wizz Airs position as the largest CEE operator. New flights were announced across several European cities.
**GTF Engine Issues** Progress was made in addressing GTF engine inspections, with grounded aircraft decreasing to 33 from 40 in December 2024.
4. **Strategic Initiatives**
**Sustainability** Wizz Air maintained its leadership in CO2 emissions efficiency, with a 12-month rolling emissions rate of 50.8g per passenger kilometer.
**Ancillary Products** The All You Can Fly initiative continued to show encouraging results, with a third phase launched offering 10,000 new annual memberships.
**Employee Engagement** Overall employee engagement score increased to 7.5, reflecting improved workplace satisfaction.
5. **Outlook**
**Capacity and Load Factor** ASK capacity is expected to grow by around 10% in F26, with a load factor above 91%.
**Unit Revenue and Costs** Flat unit revenue and modest inflation in total unit costs are forecasted, driven by higher navigation and maintenance costs.
**Net Income** Expected to be in the range of +€25 to -€25 million.
**Leadership Changes**
Ian Malin appointed as Chief Commercial Officer.
Veronika Špaňárová appointed as Chief Financial Officer.
Michael Delehants role renamed to Group Managing Director.
**Conclusion**
Wizz Air demonstrated resilience and growth in Q3 F26, navigating challenges while expanding its network and fleet. The airline remains focused on operational efficiency, sustainability, and strategic initiatives to drive long-term success.
Here’s an HTML table comparing the financials and debt year on year for Wizz Air Holdings PLC based on the provided text:
Metric20252024Change
Period-end fleet size25722613.7%
ASKs (million km)33,84930,48011.1%
Load factor (%)89.890.3(0.5) ppt
Passengers carried (million)17.515.512.5%
Total revenue (€ million)1,296.41,176.810.2%
EBITDA (€ million)176.2157.112.2%
EBITDA Margin (%)13.613.30.2 ppt
Operating loss (€ million)(123.9)(75.9)63.3%
Net loss (€ million)(139.3)(241.1)(42.2)%
Total cash (€ million)1,984.81,736.014.3%
Net debt (€ million)5,196.04,956.34.8%
### Explanation: - **Metrics**: Key financial and operational metrics are listed in the first column. - **2025 and 2024**: Values for the respective years are provided in the adjacent columns. - **Change**: Percentage change or point change (for percentages) between 2025 and 2024 is shown in the last column. This table provides a clear comparison of the year-on-year changes in financials and debt for Wizz Air Holdings PLC.
Significant 0 news titles 0

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Speculation 1 news title 1
PINE logo
Speculation 17:33
PINE

Response to Press Speculation

Pinewood Technologies Group PLC

**Summary**
Pinewood Technologies Group PLC (Pinewood.AI) has confirmed discussions with Apax Partners LLP regarding a potential cash offer of 500 pence per share for the entire issued and to-be-issued share capital of the company. The offer, which includes an unlisted partial share alternative, follows earlier approaches by Apax. Pinewood.AIs board, after careful consideration, is minded to recommend the offer to shareholders if a firm intention is announced under the City Code on Takeovers and Mergers (the "Code"), subject to due diligence and other conditions. Apax must decide by February 26, 2026, whether to proceed with a firm offer or withdraw. The announcement emphasizes regulatory compliance, disclosure requirements, and the absence of certainty regarding a final offer. Pinewood.AI, a leading cloud-based technology provider to automotive retailers and OEMs, has 115,099,977 ordinary shares in issue as of January 29, 2026. The full announcement is available on Pinewood.AIs website.
Speculation
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No news for this category in the selected date range.

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TR1 47 news titles 47
OTB logo
TR1 15:10
OTB

Holding(s) in Company

On The Beach Group PLC

TR1 Buy
['Artemis Investment Management LLP', '10.048394', '6.64126']
IMI logo
TR1 14:39
IMI

Holding(s) in Company

IMI PLC

<mark style="background-coloryellow">TR1</mark> Buy
['BlackRock, Inc.', '4.640000', 'Below 5']
TEP logo
TR1 14:08
TEP

Holding(s) in Company

Telecom Plus PLC

<mark style="background-coloryellow">TR1</mark> Buy
['BlackRock, Inc.', '4.710000', 'Below 5']
LABS logo
TR1 13:29
LABS

Holding(s) in Company

Life Science REIT PLC

TR1 Buy
['Rathbones Investment Management Ltd', '10.615200', '11.171500']
IPF logo
TR1 12:53
IPF

Holding(s) in Company

International Personal Finance PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Chase & Co.', '0.740988', 'Below Minimum Threshold']
IPF logo
TR1 12:53
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['JPMorgan Chase & Co.', '0.850964', '0.740988']
GEX logo
TR1 12:18
GEX

Holding(s) in Company

Georgina Energy PLC

<mark style="background-coloryellow">TR1</mark> Buy
['CSS ALPHA FUND AIFLNP VCIC LTD', '5,304,646', '7,304,646']
COST logo
TR1 09:18
COST

Holding(s) in Company

Costain Group PLC

TR1 Buy
['UBS Group AG-Investment Bank & Global Wealth Management', '8.372246', '7.933702']
GEN logo
TR1 09:07
GEN

Holding(s) in Company

Genuit Group plc

TR1 Buy
['Wellington Management International Ltd', '4.370000', '4.300000']
SBTX logo
TR1 06:01
SBTX

Holding(s) in Company

SkinBioTherapeutics PLC

<mark style="background-coloryellow">TR1</mark> Buy
['Mark H Dixon and Diana Dixon', '19.312', 'n/a']
GSF logo
TR1 06:01
GSF

Holding(s) in Company

Gore Street Energy Storage Fund Plc

<mark style="background-coloryellow">TR1</mark> Buy
['Bank of Montreal', 'Below 5', '5.427303']
GSF logo
TR1 06:01
GSF

Holding(s) in Company

Gore Street Energy Storage Fund Plc

TR1 Buy
['Bank of Montreal', '5.427303', '3.873154']
GSF logo
TR1 06:01
GSF

Holding(s) in Company

Gore Street Energy Storage Fund Plc

TR1 Buy
['Jefferies Financial Group Inc', '2.144000', '0.135000']
Takeover 0 news titles 0

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Updates 40 news titles 40
WNX logo
Updates 06:01
WNX

Q2 FY26 Quarterly Update and Appendix 4C

Wellnex Life Limited

**Summary of Wellnex Life Limited Q2 FY26 Quarterly Update and Appendix 4C**
Wellnex Life Limited (ASX/AIMWNX) released its Q2 FY26 quarterly update and Appendix 4C on January 29, 2026, highlighting significant operational and financial improvements. Key takeaways include
1. **Financial Performance**
Operating cash outflow improved to $(0.16) million, a substantial reduction from $(2.98) million in Q1 FY26, driven by 31.5% quarter-on-quarter (QoQ) revenue growth and cost-cutting measures.
Customer cash receipts rose to $5.10 million, up from $4.54 million in Q1 FY26.
Total revenue increased to $7.1 million, with IP Licensing revenue surging by 1,000% to $3.3 million, offsetting a 25.5% decline in Brands revenue to $3.8 million due to strategic consolidation of non-core assets.
Gross profit grew by 16.7% to $2.1 million.
2. **Cash Position**
Quarter-end cash balance increased to $0.98 million, with $2.01 million in undrawn financing facilities available.
Total financing facilities stood at $11.65 million, with $9.65 million drawn.
3. **Strategic Focus**
The company continues its turnaround strategy, focusing on core brands like Pain Away, improving cash conversion, and strengthening the balance sheet.
Manufacturing and operating cash flows normalized after a one-off raw material purchase in Q1 FY26.
4. **Corporate Updates**
Payments of $0.36 million were made to related parties for directors fees, executive remuneration, and associated costs.
The Board remains optimistic about execution and engagement across the business, with efforts to enhance margins and reduce costs.
5. **Investor Engagement**
Executive Chairman Ash Vesali will host a live investor briefing on February 2, 2026, at 11 am (AEDT).
6. **Appendix 4C Highlights**
Net cash from operating activities improved to $(0.16) million.
Financing activities contributed $0.965 million in net cash.
Estimated cash available for future operations is $2.98 million, sufficient for approximately 18.3 quarters based on current cash outflows.
Wellnex Life remains committed to its strategic goals, with a focus on profitability and sustainable growth.
Below is an HTML table comparing the financials and debt year on year based on the provided text. The table includes key metrics such as revenue, gross profit, cash balance, and debt levels for Q2 FY26 and Q1 FY26.
MetricQ2 FY26Q1 FY26% Change
Revenue
Brands$3.8 million$5.1 million(25.5%)
IP Licensing$3.3 million$0.3 million1000%
Total Revenue$7.1 million$5.4 million31.5%
Gross Profit$2.1 million$1.8 million16.7%
Operating Cash Flow$(0.16) million$(2.98) million94.6% Improvement
Customer Cash Receipts$5.10 million$4.54 million12.3%
Cash Balance (Quarter End)$0.98 millionNot ProvidedN/A
Total Debt Drawn$9.65 millionNot ProvidedN/A
Unused Financing Facilities$2.01 millionNot ProvidedN/A
### Notes: 1. **Year-on-Year Comparison**: The provided text only includes data for Q2 FY26 and Q1 FY26, so a full year-on-year comparison is not possible. The table compares the two quarters instead. 2. **Debt and Cash Balance**: The debt and cash balance figures are based on the information provided in the Appendix 4C and the main text. 3. **Percentage Changes**: Calculated based on the available data for Q2 FY26 and Q1 FY26. This table provides a clear comparison of key financial metrics between Q2 FY26 and Q1 FY26, highlighting improvements and changes in revenue, cash flow, and debt levels.
SOM logo
Updates 06:01
SOM

Trading Update

Somero Enterprise Inc

**Summary**
Somero Enterprises Inc. released a trading update for the financial year ended 31 December 2025, highlighting improved performance in the second half (H2) of the year. Key points include
1. **Financial Performance**
FY 2025 revenue is expected to be approximately **US$88.9 million**, in line with guidance and market expectations, with H2 revenues up **23.4%** to **US$49.1 million**.
New product launches, including the S-15EZ and Hammerhead Laser Screed, contributed **US$13.0 million** in H2.
FY 2025 adjusted EBITDA is expected to be **US$17.5 million**, and year-end cash is better than anticipated at **US$33.2 million**.
2. **Regional Performance**
**North America** revenues declined to **US$68.1 million** due to mixed demand in non-residential construction.
**Europe** revenues improved in H2 but remained lower at **US$8.9 million** due to macroeconomic and geopolitical challenges.
**Australia** revenues normalized to **US$5.6 million** (down 15%) after exceptional growth in prior periods.
**Rest of World** revenues remained consistent at **US$6.3 million**.
3. **Strategic Progress**
The company is advancing its long-term strategy under the pillars of **Fortify, Innovate, and Amplify**, with initiatives underway to strengthen market presence and product offerings.
4. **Outlook for FY 2026**
The Board anticipates **market volatility** to continue, with overall trading expected to be **broadly similar** to FY 2025.
Strategic initiatives, including expanding the product range, are expected to contribute meaningfully to FY 2026 performance.
5. **Management Commentary**
CEO Tim Averkamp emphasized strong H2 performance, positive customer response to new products, and disciplined execution despite near-term uncertainties.
The company remains focused on innovation, margin protection, and preparing for growth when market conditions improve.
Someros final results for 2025 are scheduled for release on **10 March 2026**.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY 2025FY 2024Change
Revenue (US$ m)88.9109.2-18.6%
North America68.182.2-17.2%
Europe8.914.6-39.0%
Australia5.66.6-15.2%
Rest of World6.35.8+8.6%
Parts and Service Revenue17.019.1-11.0%
Adjusted EBITDA (US$ m)17.5Not ProvidedN/A
Year-End Cash (US$ m)33.2Not ProvidedN/A
### Notes: 1. **Revenue**: The overall revenue decreased by 18.6% from FY 2024 to FY 2025. Regional breakdowns show declines in North America, Europe, and Australia, with a slight increase in the Rest of World segment. 2. **Parts and Service Revenue**: Declined by 11.0%, a smaller decrease compared to overall revenue. 3. **Adjusted EBITDA and Year-End Cash**: FY 2024 figures were not provided, so the change is marked as N/A. 4. **Debt**: No specific debt figures were mentioned in the text, so it is not included in the table. This table provides a clear year-on-year comparison of the key financials mentioned in the text.
KRM logo
Updates 06:01
KRM

Trading Update

KRM22 Plc

**Summary**
KRM22 plc, a technology and software investment company focused on risk management in capital markets, released a trading update for the fiscal year 2025 (FY2025) on January 29, 2026. Key financial highlights include
1. **Annual Recurring Revenue (ARR)** £7.6 million, a 19% growth at constant FX rates compared to FY2024 (£6.6 million). New contracted ARR was £1.6 million, driven by cross-sales and contractual price increases.
2. **Total Revenue** Approximately £7.5 million, an 11% increase from FY2024 (£6.8 million).
3. **Adjusted EBITDA:** £0.7 milliondown from £1.0 million in FY2024.
4. **Cash Position** Gross and net cash of £5.2 million as of December 31, 2025, significantly improved from a net debt of £3.5 million in FY2024, following a successful £9.2 million fundraise in November 2025.
The company attributed ARR growth to cross-sales of its Risk Manager, Limits Manager, and Market Surveillance applications, as well as contractual price increases. Churn of £0.4 million was primarily due to two institutional customers canceling Market Surveillance licenses but signing new multi-year contracts for other KRM22 applications.
With a strengthened cash position, KRM22 plans to invest in sales, marketing, and development to expand its risk management applications and offer multi-asset solutions. CEO Dan Carter emphasized the company’s strong sales pipeline, robust balance sheet, and strategic focus for continued growth in 2026. Audited results for FY2025 are expected in May 2026.
Below is the HTML table code comparing the financials and debt year-on-year for KRM22 PLC based on the provided text:
MetricFY2024FY2025Change
Annual Recurring Revenue (ARR)£6.6m (£6.4m at constant FX)£7.6m (£7.6m at constant FX)+19% (at constant FX)
New Contracted ARR£1.7m£1.6m-6%
Total Revenue Recognised£6.8m£7.5m+11%
Adjusted EBITDA£1.0m£0.7m-30%
Gross Cash£1.0m£5.2m+420%
Net Cash/(Debt)Net Debt £3.5mNet Cash £5.2mDebt-free (from net debt)
FundraiseN/A£9.2m (Nov 2025)N/A
### Key Notes: - **ARR Growth**: 19% growth at constant FX rates, from £6.4m in FY2024 to £7.6m in FY2025. - **Revenue Growth**: 11% increase in total revenue recognised, from £6.8m to £7.5m. - **Adjusted EBITDA**: Decreased by 30%, from £1.0m to £0.7m. - **Cash Position**: Significant improvement in gross cash from £1.0m to £5.2m, and moved from net debt of £3.5m to net cash of £5.2m. - **Fundraise**: £9.2m raised in November 2025, enabling the company to become debt-free. This table provides a clear comparison of key financial metrics between FY2024 and FY2025 for KRM22 PLC.
TPFG logo
Updates 06:01
TPFG

FY25 Trading Update

Property Franchise Group PLC

**Summary**
The Property Franchise Group PLC (TPFG) reported a strong FY25 performance, highlighting significant organic growth and profitability slightly ahead of market expectations. Key highlights include
**Revenue Growth**Group revenue increased by 25% to £84.3 million, with a 9% pro-forma increase. Recurring revenue sources accounted for 51% of total revenue.
**Division Performance**
**Franchising**Revenue grew 16% to £47.5 million, driven by lettings and sales management services fees (MSF), despite a challenging lettings market. The launch of the Privilege program added £1.5 million in new revenue.
**Financial Services**Revenue increased 26% to £24.2 million, supported by improved advisor productivity and lower borrowing costs. Total mortgages written rose to 25,000, amounting to £4.4 billion in lending.
**Licensing**Revenue surged 75% to £12.6 million, with Fine & Country expanding internationally.
**Acquisitions**Post-year-end, TPFG acquired an 85% stake in Smart Advice Financial Solutions Ltd, expected to enhance earnings immediately.
**Net Debt Reduction**Net debt decreased to £2.3 million from £9.1 million in 2024.
**Outlook for 2026**TPFG aims to capitalize on its scale, expand the Privilege program, advance AI initiatives, and pursue acquisitions. Despite modest rental inflation, growth is expected across all divisions, supported by a strong sales pipeline and reduced lending costs.
CEO Gareth Samples emphasized the successful integration of acquisitions, revenue growth, and the resilience of TPFGs diversified business model, positioning the company for continued expansion in 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY2025FY2024ChangePro-forma Change
Group Revenue£84.3m£67.3m+25%+9%
Franchising Revenue£47.5m£40.9m+16%+9%
- Lettings MSF£21.6m£19.0m+14%+5%
- Sales MSF£10.5m£9.3m+13%+9%
Financial Services Revenue£24.2m£19.2m+26%+10%
Licensing Revenue£12.6m£7.2m+75%+3%
Net Debt£2.3m£9.1m-75%-
Recurring Revenue (%)51%52%-1%-
Mortgages Written25,00023,000+9%-
Lending Volume£4.4bn---
### Key Notes: - **Pro-forma** figures include revenues earned by Belvoir Group and GPEA within H1 2024 prior to acquisition. - **MSF** stands for Management Services Fees. - **Net Debt** decreased significantly from £9.1m in FY2024 to £2.3m in FY2025. - **Recurring Revenue** percentage slightly decreased from 52% to 51%. This table provides a clear comparison of key financial metrics and debt between FY2025 and FY2024, including pro-forma adjustments where applicable.
FSJ logo
Updates 06:01
FSJ

Full Year Trading Update and Notice of Results

James Fisher and Sons PLC

**Summary**
James Fisher and Sons plc, a leading marine services company, released a full-year trading update for 2025 (FY25) on January 29, 2026, ahead of its official results announcement on March 12, 2026. The company reported strong performance, with underlying operating profit exceeding market expectations at approximately £28 million, driven by a 4% like-for-like revenue growth to £395 million and an improved margin of around 7%. Key highlights include
1. **Improved Trading Performance** Second-half trading strengthened, supported by favorable end markets, despite some softness in oil and gas.
2. **Strategic Initiatives** Focus on productivity, supply chain efficiency, and business mix optimization contributed to profit growth.
3. **Division Performance**
**Energy Division** Solid results in Energy Services and Renewables, with mixed performance in specific product lines.
**Defence Division** Enhanced performance with strategic contract wins, including a significant award for the Polish Navy.
**Maritime Transport** Strong results driven by high utilization in Tankships and increased seasonal activity.
4. **Financial Health** Net debt/EBITDA remained within the target range of 1.0-1.5x, supported by disciplined cash management.
5. **Outlook** The company remains confident in delivering further progress in 2026, with expectations of continued seasonal weighting toward the second half.
CEO Jean Vernet highlighted progress toward medium-term targets and long-term growth opportunities, emphasizing the company’s streamlined portfolio, strengthened product base, and international expansion. Full-year results for FY25 will be announced on March 12, 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">James Fisher & Sons plc Financials Comparison

James Fisher & Sons plc Financials Comparison (FY24 vs FY25)

MetricFY24FY25Change
Revenue (£m)~£379.8*~£395+4% (like-for-like)
Underlying Operating Profit (£m)~£25.5†~£28Ahead of expectations
Operating Margin~6.7%‡~7%Improved
Net Debt / EBITDAWithin 1.0-1.5xWithin 1.0-1.5xMaintained
* Calculated based on FY25 revenue growth of 4% like-for-like.
† Consensus mean underlying operating profit (continuing operations) for FY24.
‡ Estimated based on FY24 revenue and operating profit.

Notes:

  • FY24 figures are estimated or based on consensus where actual data is not provided.
  • FY25 figures are as per the trading update released on 29 January 2026.
  • Like-for-like growth adjusts for 2024 disposals (RMSpumptools and Martek; FY24 revenue £31.7m) and staged closures of IRM Middle East and Africa businesses.
### Explanation: 1. **Revenue**: FY24 revenue is estimated by reversing the 4% like-for-like growth in FY25. 2. **Underlying Operating Profit**: FY24 figure is based on the consensus mean provided in the notes. 3. **Operating Margin**: Calculated as Operating Profit / Revenue. 4. **Net Debt / EBITDA**: Maintained within the target range for both years. The table includes footnotes for clarity and assumptions made due to the lack of explicit FY24 data in the provided text.
BOOT logo
Updates 06:01
BOOT

Trading Statement

Henry Boot PLC

**Summary**
Henry Boot PLC, a UK-based land promotion, property investment, and home building company, released a trading update for the year ended 31 December 2025. Despite global economic and political uncertainties, the company delivered a resilient performance, driven by strong demand for its high-quality residential land. Key highlights include
1. **Financial Performance**Full-year profits are expected to be in line with market expectations (£29.7m), supported by the sale of Henry Boot Construction (HBC) and strong land sales.
2. **Strategic Progress**
Accelerated planning applications for over 11,000 plots within Hallam Land.
Strengthened Stonebridge Homes (SBH) by increasing ownership and expanding its landbank.
Simplified the group through the sale of HBC, focusing on high-quality land and premium homes.
3. **Operational Updates**
Hallam Land achieved record residential plot sales (3,957 plots) and secured consent for 4,159 plots.
HBD completed schemes with a GDV of £119m and expanded its Industrial and Logistics (I&L) joint venture, Origin.
SBH faced softer trading conditions, completing 185 homes (<mark style="background-color:yellow">below</mark> target), but expanded its landbank to 2,572 plots.
4. **Outlook**
The company expects 2026 profit before tax to be significantly below market expectations (£33.6m) due to subdued transaction activity, macroeconomic uncertainty, and the expiry of the profitable Road Link contract.
Long-term prospects remain positive, supported by a strong pipeline, disciplined investment approach, and a focus on key markets (residential, industrial/logistics, and urban development).
Henry Boot remains well-positioned for medium-term growth, with a strong balance sheet and strategic focus on high-quality land and premium developments.
Below is the HTML table code comparing the financials and debt year-on-year for Henry Boot PLC based on the provided text:
Metric20242025Change
Residential Plot Sales (Hallam Land)2,661 plots3,957 plots+1,296 plots (+48.7%)
Consented Plots (Hallam Land)2,982 plots4,159 plots+1,177 plots (+39.5%)
Homes Completed (Stonebridge Homes)270 homes185 homes-85 homes (-31.5%)
Net Debt£62.7m£108m+£45.3m (+72.2%)
Profit Before Tax (Market Consensus)N/A£29.7m (2025)N/A
Expected Profit Before Tax (2026)N/ASignificantly below £33.6mN/A
### Explanation: 1. **Residential Plot Sales (Hallam Land)**: Increased from 2,661 plots in 2024 to 3,957 plots in 2025. 2. **Consented Plots (Hallam Land)**: Increased from 2,982 plots in 2024 to 4,159 plots in 2025. 3. **Homes Completed (Stonebridge Homes)**: Decreased from 270 homes in 2024 to 185 homes in 2025. 4. **Net Debt**: Increased from £62.7m in 2024 to £108m in 2025. 5. **Profit Before Tax (Market Consensus)**: Provided for 2025 as £29.7m, with no comparable figure for 2024. 6. **Expected Profit Before Tax (2026)**: Expected to be significantly below £33.6m, with no comparable figure for 2025. This table provides a clear comparison of key financials and debt metrics between 2024 and 2025, along with the expected outlook for 2026.
TRB logo
Updates 06:01
TRB

Trading Update and Notice of Results

Tribal Group plc

**Summary**
Tribal Group PLC, a leading provider of software and services to the international education market, released a trading update for the year ended 31 December 2025 (FY25), highlighting a strong performance. The company expects to report revenue and adjusted EBITDA slightly ahead of recently upwardly revised market expectations. Key achievements include
1. **Financial Performance**
Substantially improved net cash position of £11.4m (FY24: net debt of £3.2m), driven by increased profitability, reduced capex, exceptional working capital performance, and a one-off advance customer payment of £3.2m.
Healthy demand for Student Information Solutions (SIS), with key go-lives at prominent universities and significant product upgrades.
Etio, Tribals education services business, contributed improved performance due to operational efficiencies and strategic changes.
2. **Recurring Revenue Growth**
Closing Annual Recurring Revenue (ARR) increased by 11% to £63.3m, driven by new customer wins, upgrades, and the implementation of the Higher Education Full-Service (HEFS) subscription licence.
Contracted ARR grew by 14% to £65m.
3. **Strategic Progress**
Successful deployment of the HEFS subscription model, providing greater revenue visibility, margin resilience, and improved cash flow.
Continued momentum in SaaS transformation, with a large proportion of Higher Education customers onboarded to the subscription model, facilitating cloud migration and deeper customer engagement.
4. **Outlook**
The Group remains committed to driving recurring revenue growth and cloud adoption, supported by a strengthened balance sheet and long-term customer relationships.
Financial pressure on the Higher Education sector is accelerating demand for Tribals cost-effective digital transformation solutions, positioning the company for sustainable growth.
The Board anticipates adjusted EBITDA and cash performance in FY26 to exceed current market expectations.
**Notice of Results**Tribal Group expects to announce its audited full-year results on 26 March 2026.
**CEO Comment**Mark Pickett highlighted FY25 as a transformational year, with improved profitability, a return to net cash, and significant progress in the SaaS strategy. The company enters FY26 in a strong position, anticipating continued momentum and performance ahead of market expectations.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY24FY25Change
Revenue£87.5m (implied from FY25 expectations)Slightly ahead of £90.75m (market expectation)+~3.7% (estimated)
Adjusted EBITDA£15.0m (implied from FY25 expectations)Slightly ahead of £16.5m (market expectation)+~10.0% (estimated)
Net Cash/Debt PositionNet Debt of £3.2mNet Cash of £11.4m+£14.6m (from net debt to net cash)
Closing Annual Recurring Revenue (ARR)£57.0m (constant currency)£63.3m+11%
Contracted ARR£57.0m (constant currency)£65.0m+14%
### Explanation: 1. **Revenue and Adjusted EBITDA**: FY25 figures are "slightly ahead" of market expectations for FY25 (£90.75m revenue and £16.5m adjusted EBITDA). FY24 figures are implied based on the growth and expectations provided. 2. **Net Cash/Debt Position**: FY24 had a net debt of £3.2m, while FY25 achieved a net cash position of £11.4m, marking a significant improvement. 3. **ARR and Contracted ARR**: Both metrics show year-on-year growth, with ARR increasing by 11% and Contracted ARR by 14%. This table provides a clear comparison of key financial metrics and debt position between FY24 and FY25.
LUCE logo
Updates 06:01
LUCE

2025 Full Year Trading Update

Luceco plc

**Summary**
Luceco PLC, a leading designer and manufacturer of residential and commercial electrification products, released its 2025 full-year trading update on January 29, 2026, highlighting a strong performance that exceeded market expectations. Key points include
1. **Financial Performance**
Revenue grew by 12% to £271 million, driven by a 6% like-for-like growth in the second half and a significant 85% increase in EV charging sales to £18 million.
Adjusted Operating Profit rose by 15% to at least £33.5 million, surpassing the top end of market expectations, with margins exceeding 12%.
2. **Operational Highlights**
Strong momentum in EV charging and solid growth in wiring accessories and LED products.
Manufacturing efficiency improvements and synergies from acquisitions, including CMD production synergies and consolidation of the D-Line UK facility, are enhancing margins.
3. **Outlook for 2026**
Positive momentum continues into 2026, supported by exposure to structural growth in the energy transition sector.
The Board has increased revenue and Adjusted Operating Profit expectations for 2026, comfortably exceeding market consensus.
4. **Financial Position**
Strong cash flow generation of £30 million and reduced net debt to £53 million, lowering the leverage ratio to 1.3x.
Robust balance sheet provides flexibility for further investment in organic growth and M&A.
5. **CEO Commentary**
CEO John Hornby attributed the success to sustainable competitive advantages, including superior channel access, agile product innovation, and vertically integrated manufacturing. He expressed confidence in delivering profitable growth in 2026 and beyond, particularly in the energy transition sector.
Overall, Luceco’s 2025 performance reflects strong growth, improved margins, and a positive outlook for 2026, supported by strategic initiatives and a solid financial position.
Below is the HTML table code comparing the financials and debt year-on-year for Luceco PLC based on the provided text:
Metric20242025Change
Revenue (£m)242.5271.0+12%
Adjusted Operating Profit (£m)29.0≥33.5+≈15%
Adjusted Operating Profit Margin (%)12.0>12.0Improved
EV Charging Sales (£m)9.818.0+85%
Bank Net Debt (£m)68.653.0-23%
Bank Net Debt:EBITDA Leverage Ratio (x)1.61.3Improved
Adjusted Free Cash Flow (£m)Outflow30.0Reversed
### Explanation: - **Revenue**: Increased by 12% from £242.5m in 2024 to £271.0m in 2025. - **Adjusted Operating Profit**: Grew by approximately 15% from £29.0m in 2024 to at least £33.5m in 2025. - **Adjusted Operating Profit Margin**: Improved from 12.0% in 2024 to exceed 12.0% in 2025. - **EV Charging Sales**: Surged by 85% from £9.8m in 2024 to £18.0m in 2025. - **Bank Net Debt**: Decreased by 23% from £68.6m in 2024 to £53.0m in 2025. - **Leverage Ratio**: Improved from 1.6x in 2024 to 1.3x in 2025. - **Adjusted Free Cash Flow**: Reversed from an outflow in 2024 to £30.0m in 2025. This table provides a clear year-on-year comparison of key financial and debt metrics for Luceco PLC.
III logo
Updates 06:01
III

FY2026 Q3 performance update

3I Group PLC

**Summary of 3i Group PLC FY2026 Q3 Performance Update (January 29, 2026):**
1. **Overall Performance**
3i Group reported strong Q3 performance, with a 20% total return for the nine months ending December 31, 2025, driven by a £766 million foreign exchange gain and robust portfolio performance.
NAV per share increased to 3017 pence (from 2857 pence in September 2025).
2. **Action (Key Investment)**
**Financials** Net sales of €16 billion (+16% YoY) and operating EBITDA of €2.367 billion (+14% YoY) in the 52 weeks to December 28, 2025.
**Store Expansion** Added a record 384 net new stores in 2025, reaching 3,302 stores across 14 countries.
**LFL Growth** 4.9% in 2025 (vs. 10.3% in 2024), impacted by cautious consumer behavior in France. Recovery seen in January 2026 with 6.1% LFL growth.
**Capital Restructuring** Received £944 million from Action’s refinancing, reinvested £755 million to increase stake to 62.3%. Received £246 million dividend from Action.
**Valuation** Action valued at £22.382 billion (3i’s 62.3% stake).
3. **Portfolio Highlights**
**Royal Sanders** Strong performance with further investment of £56 million and acquisition of Vendoleo.
**Audley Travel** Sustained strong year-on-year performance.
**MAIT Disposal** Realized £147 million, a 34% uplift on March 2025 valuation.
**3i Infrastructure (3iN)** Share price increased 3% in Q3
3i recognized £18 million dividend.
4. **Financial Position**
Strong balance sheet with £995 million in gross cash and 1% gearing as of December 31, 2025.
Completed £825 million in investments and £1.112 billion in realizations in Q3.
5. **Future Outlook**
Positive start to Q4 FY2026, with expectations of another strong year of compounding growth.
Agreement with GIC to increase Action stake to 65.3% in exchange for £1 billion in 3i shares.
6. **Audit Update**
Ernst & Young LLP appointed as external auditor from FY2028, subject to shareholder approval.
**Key Takeaways**
3i Group delivered strong Q3 performance, driven by Action’s growth and strategic portfolio management. The company maintains a robust financial position and is poised for continued growth in FY2026.
Below is an HTML table comparing the financials and debt year on year for 3i Group PLC based on the provided text:
Metric2024 (FY2025 Q3)2025 (FY2026 Q3)Change
Action Net Sales (€m)13,78116,000+16%
Action Operating EBITDA (€m)2,0762,367+14%
Action LFL Sales Growth10.3%4.9%-5.4%
Action Net New Stores Added352384+32
Action Net Debt to EBITDA Ratio2.4x2.8x+0.4x
3i Group Cash (£m)439995+556
3i Group Gearing3%1%-2%
3i Group NAV per Share (pence)2,8573,017+160
Private Equity Portfolio Leverage (excl. Action)3.5x3.6x+0.1x
Total Investment (£m)7321,557+825
Total Realised Proceeds (£m)3911,503+1,112
### Key Highlights: 1. **Action Performance**: Net sales and operating EBITDA increased by 16% and 14%, respectively, year on year. However, LFL sales growth slowed from 10.3% to 4.9%. 2. **Debt Metrics**: Action's net debt to EBITDA ratio increased from 2.4x to 2.8x, while 3i Group's gearing decreased from 3% to 1%. 3. **3i Group Financials**: Cash position strengthened significantly from £439 million to £995 million, and NAV per share increased by 160 pence. 4. **Investment and Realisation**: Total investment and realised proceeds increased substantially, driven by reinvestment in Action and the realisation from MAIT and Yanga. This table provides a concise comparison of key financial and debt metrics between the two periods.
GNC logo
Updates 06:01
GNC

Q1 Trading Update

Greencore Group

**Greencore Group PLC Q1 Trading Update Summary (January 29, 2026)**
Greencore Group PLC, the UKs leading convenience food manufacturer, reported strong performance in its first quarter (Q1) ended December 26, 2025. Key highlights include
1. **Financial Performance**
Revenue grew by 5.4% to £499.8 million, driven by a 3.7% price and inflation recovery impact.
Volume growth outpaced the wider grocery market, with manufactured volumes up 0.5% compared to the market’s 0.2%.
Premium rangesparticularly sandwiches and sushisaw double-digit volume growth.
2. **Operational Excellence**
Launched 129 new products, including festive innovations like mince pie brioche wraps and festive cheeseboard quiches.
Achieved >99% service levels during the busy Christmas period.
Over 700 operational excellence projects are underway to drive efficiency and cost management.
3. **Bakkavor Acquisition**
Completed the acquisition of Bakkavor Group plc on January 16, 2026, creating the UK’s leading convenience food manufacturer.
Integration plans are progressing, with a focus on realizing at least £80 million in annual cost synergies.
The combined business aims to enhance innovation, scale, and efficiency for customers and stakeholders.
4. **Outlook**
The enlarged business is trading in line with expectations, despite ongoing monitoring of the uncertain UK consumer environment.
Structural tailwinds in convenience food categories remain encouraging.
Focus on executing integration plans and delivering benefits from the Bakkavor acquisition.
H1 results will be announced on May 27, 2026, providing the first combined financial update.
CEO Dalton Philips emphasized the strong Q1 performance, the strategic significance of the Bakkavor acquisition, and the Group’s commitment to driving value for customers, shareholders, and stakeholders.
**Forward-Looking Statements**The update includes forward-looking statements subject to risks and uncertainties, with no obligation to update unless required by law.
**About Greencore**Headquartered in Dublin, Greencore supplies major UK and US retailers with approximately 3,200 convenience food products, generating £4 billion in revenue in FY25 and employing 28,000 people.
The provided text does not contain specific financial or debt figures for a year-on-year comparison. However, I can create a general HTML table structure based on the information available, focusing on the key financial and operational metrics mentioned in the trading update. If you have specific financial or debt figures from previous years, please provide them, and I can update the table accordingly. Here’s a basic HTML table structure based on the available information: < lang="en">Greencore Group PLC Financials and Debt Comparison

Greencore Group PLC Financials and Debt Comparison (Q1 FY25 vs Q1 FY26)

MetricQ1 FY25Q1 FY26Change
Revenue£474.2m (implied)£499.8m+5.4%
Volume Growth (Manufactured)N/A+0.5%N/A
Grocery Market Volume GrowthN/A+0.2%N/A
New Products LaunchedN/A129N/A
Service LevelN/A>99%N/A
Expected Annual Cost Synergies (Post Bakkavor Acquisition)N/A£80mN/A
Debt (if available)N/AN/AN/A

Note: The revenue figure for Q1 FY25 is implied based on the 5.4% growth mentioned in the text. Actual figures for Q1 FY25 are not provided.

### Explanation: - **Revenue**: The Q1 FY25 revenue is implied based on the 5.4% growth mentioned in the text. The actual Q1 FY25 revenue is not provided, so it’s marked as "implied." - **Volume Growth**: Only Q1 FY26 figures are available for manufactured volume growth and grocery market volume growth. - **New Products Launched**: Only Q1 FY26 figures are available. - **Service Level**: Only Q1 FY26 figures are available. - **Expected Annual Cost Synergies**: This is related to the Bakkavor acquisition, which occurred in FY26. - **Debt**: No debt figures are provided in the text, so the table reflects "N/A." If you have specific figures for Q1 FY25 or debt details, please provide them, and I can update the table accordingly.
FEVR logo
Updates 06:01
FEVR

Pre-close trading update

Fevertree Drinks Plc

**Summary**
Fever-Tree Drinks plc, the leading global supplier of premium carbonated mixers, released a pre-close trading update for the year ended 31 December 2025, reporting financial performance marginally ahead of market expectations. The company achieved adjusted revenue of £375.3 million and adjusted EBITDA slightly <mark style="background-color:yellow">above</mark> consensus, driven by strong momentum in the second half of 2025. Key highlights include
1. **Revenue Growth**
**US**+6% (constant currency), supported by successful integration into Molson Coors distribution network and increased marketing investment.
**UK**-2%, with improved performance in H2 due to strong Off-Trade sales and growth in premium soft drinks.
**Europe**: +2%led by France and Benelux.
**Rest of World (ROW)**: +22%with notable growth in AustraliaNew Zealandand Canada.
2. **Strategic Progress**
Expansion beyond tonic to premium soft drinks, aligning with consumer trends toward moderation and premiumisation.
Strong innovation pipeline and marketing campaigns to drive future growth.
3. **Share Buyback**
Completed a £100m share buyback in 2025, with an additional £30m tranche starting in February 2026.
4. **Outlook**
Confident in meeting 2026 market expectations, with continued growth opportunities in the US and globally.
CEO Tim Warrillow emphasized the company’s strategic progress, particularly in the US, and its unique position to capitalize on consumer trends. Fever-Tree remains focused on driving strong growth in 2026 and beyond. Preliminary results will be announced on 24 March 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since debt information is not explicitly mentioned in the text, the table focuses on revenue comparisons. < lang="en">Fevertree Drinks PLC Financials Comparison

Fevertree Drinks PLC Financials Comparison (FY24 vs FY25)

RegionFY24 (£m)FY25 (£m)% Change% Change (Constant Currency)
US128.0131.93%6%
UK111.1108.4(2%)(2%)
Europe92.794.72%2%
ROW32.237.717%22%
Total Adjusted Fever-Tree Revenue364.0372.72%4%
GDP Brand Revenue4.52.6(42%)(43%)
Total Adjusted Revenue368.5375.32%3%
### Key Features: 1. **Responsive Design**: The table is styled to be responsive and easy to read. 2. **Highlighting**: Total revenue rows are highlighted for emphasis. 3. **Clear Comparison**: Columns for FY24, FY25, and percentage changes (both reported and constant currency) are included. Since debt information is not provided in the text, it is not included in the table. If debt data becomes available, it can be added as a separate section or column.
CDGP logo
Updates 06:01
CDGP

Unaudited Trading Statement period ended 31/12/25

Chapel Down Group Plc

**Chapel Down Group PLC Unaudited Trading Statement for FY25 (Ended 31 December 2025)**
**Summary**
Chapel Down Group PLC, Englands leading winemaker, reported strong financial and operational performance for FY25, exceeding market expectations. Key highlights include
1. **Financial Performance**
**Net Sales Revenue (NSR)** £19.4m, up 19% YoY, slightly ahead of guidance, driven by 22% growth in wine-related sales.
**Adjusted EBITDA** Expected range of £4.0m - £4.5m, ahead of market expectations (£3.5m), due to improved profitability and higher Fair Value adjustment to Biological Produce from an <mark style="background-color:yellow">above</mark>-average harvest yield.
**Channel Growth** Strong performance across Off-trade (+38%), International (+49%), On-trade (+5%), and Ecommerce (+3%). International growth was boosted by a new US distribution agreement with Jackson Family Wines.
**Net Debt** Increased to £12.4m (FY24: £9.2m) due to investments in new vineyards and maturing stock, supporting future growth.
2. **Operational Highlights**
Dispatched over 1 million bottles of Traditional Method Sparkling (TMS) wines for the first time, aligning with the goal to capture 1% of the global Champagne market by 2035.
Extended market leadership with 36% share of the UK off-trade (FY24: 35%) and 16% Retail Sales Value growth, outpacing the English Sparkling Wine category (+12%).
2025 harvest yielded high-quality grapes, supporting future production and profitability.
3. **Brand and Strategy**
Brand awareness increased to 49% (FY2442%), reinforcing Chapel Down as the leading English wine brand.
Premiumisation strategy advanced, with TMS wines accounting for 74% of wine-related NSR (FY24: 70%).
4. **Outlook**
Strong momentum expected to continue into FY26, with increased marketing investment to drive brand value and market share.
Focus on sustainable growthdisciplined capital managementand strategic expansion.
**CEO Comment**
James Pennefather highlighted exceptional topline growth, brand leadership, and progress toward medium-term profitable growth. He noted a generational shift toward English Sparkling Wine, particularly among Millennials, and emphasized increased marketing investment in FY26 to capitalize on this trend.
**About Chapel Down**
Chapel Down is Englands largest winemaker, with over 1,000 acres of vineyards, producing award-winning sparkling and still wines. Listed on AIM, the company is committed to sustainability and has partnerships with major sporting and cultural events.
**Contacts**
Key contacts include Chapel Downs CEO and CFO, as well as representatives from Singer Capital Markets (Nominated Adviser and Broker) and H/Advisors Maitland (PR).
**Disclaimer**
The announcement contains inside information under UK MAR, and RNS terms and conditions apply.
Below is the HTML table code comparing the financials and debt year on year for Chapel Down Group PLC: < lang="en">Chapel Down Group PLC Financials Comparison

Chapel Down Group PLC Financials and Debt Comparison (FY25 vs FY24)

MetricFY25 (£'000)FY24 (£'000)Change (%)
Net Sales Revenue19,44316,351+19%
Off-trade9,3716,790+38%
On-trade2,5752,460+5%
International1,018684+49%
Ecommerce3,8603,755+3%
Retail, Tours & Events2,2162,241-1%
Other Sales and Income403421-4%
Net Debt12,4009,200+35%
Adjusted EBITDA Range (£'000)4,000 - 4,5003,500 (expected)Ahead of expectations
### Key Highlights: 1. **Net Sales Revenue**: Increased by **19%** to **£19.4m** in FY25 from £16.35m in FY24. 2. **Net Debt**: Rose by **35%** to **£12.4m** in FY25 from £9.2m in FY24, primarily due to cultivation costs and increased maturing stock levels. 3. **Adjusted EBITDA**: Expected to be in the range of **£4.0m - £4.5m**, ahead of the previous expectation of £3.5m. This table provides a clear comparison of key financial metrics and debt levels between FY25 and FY24 for Chapel Down Group PLC.
SAAS logo
Updates 06:01
SAAS

Full Year 2025 Trading Update & Notice of Results

Microlise Group PLC

**Microlise Group PLC Full Year 2025 Trading Update & Notice of Results Summary:**
Microlise Group PLC, a leading provider of transport management software, released its unaudited trading update for FY2025, highlighting steady growth and strategic advancements.
**Financial Highlights**
* **Revenue** Total revenue is expected to be £84.0 million, in line with revised market expectations and representing a 3.7% increase from FY2024.
* **Recurring Revenue** Grew by 7.5% to £58.8 million, driven by a strong 16% year-on-year increase from direct customers.
* **Non-recurring Revenue** Declined by 4.3% to £25.2 million due to lower hardware volumes from Global OEM customers and delayed implementation revenues.
* **Adjusted EBITDA** Expected to be £8.3 million, in line with market expectations, with a margin of approximately 10%.
* **Net Cash** Increased to £16.7 million, exceeding expectations, due to strong cash collection and a large contract renewal.
**Operational Highlights**
* **Cost Savings** Successfully implemented £5 million in annualized cost savings through efficiency measures announced in November 2025.
* **Customer Growth** Added 417 new customers across key markets, with churn remaining low at 1.4%.
* **Product Adoption** Strong uptake of the Microlise Transport Management Solutions (TMS) module by new and existing customers.
* **Technology Integration** Enhanced Microlise One platform with API integrations for third-party data, including vehicle refrigeration OEMs.
* **Leadership Change** Appointed Dean Garvey-North as Chief Technology Officer, succeeding Duncan McCreadie.
**Future Outlook**
* **Microlise Transport Conference** Scheduled for May 12, 2026, in Manchester, focusing on industry challenges and Microlises technology solutions.
* **FY2026** Expects revenues from Global OEM customers to be below FY2025 levels but remains confident in profitability, cash generation, and ARR growth.
**CEO Comment**
Nadeem Raza, CEO, expressed satisfaction with the direct business momentum and highlighted investments in go-to-market teams and data center migration. He emphasized Microlises strong position for future growth with a streamlined cost base, scalable platform, and expanding market opportunities.
**Notice of Results** Final results for FY2025 will be announced in mid-April 2026.
Below is the HTML table code comparing the financials and debt (net cash) year-on-year for Microlise Group PLC based on the provided text:
MetricFY 2024FY 2025Change
Total Group Revenue£81.0m£84.0m+3.7%
Annual Recurring Revenue (ARR)£56.6m£59.1m+4.6%
Recurring RevenueN/A£58.8m+7.5% (underlying growth from direct customers: +16%)
Non-Recurring Revenue£26.3m£25.2m-4.3%
Adjusted EBITDA£11.3m (margin: 14%)£8.3m (margin: ~10%)-26.5%
Net Cash£11.4m£16.7m+46.5%
New Customers Added375417+11.2%
Churn Rate0.7%1.4%+100% (doubled)
### Notes: 1. **Net Cash**: The text refers to "net cash" rather than debt, so the comparison is made on that basis. 2. **Recurring Revenue**: The underlying growth from direct customers is highlighted separately as it is a key metric mentioned in the text. 3. **Adjusted EBITDA**: The FY 2024 margin is calculated based on the provided revenue and adjusted EBITDA figures. 4. **Churn Rate**: The increase in churn rate is noted as a percentage change from the previous year. This table provides a clear year-on-year comparison of key financial and operational metrics for Microlise Group PLC.
EMR logo
Updates 06:01
EMR

Trading Update and Notice of Results

Empresaria Group plc

**Summary**
Empresaria Group PLC, an international specialist staffing group, released a trading update for the financial year ended 31 December 2025, ahead of its full-year results announcement on 24 April 2026. Despite challenging market conditions, the company expects its adjusted profit before tax (PBT) to be slightly ahead of market expectations. Key highlights include
1. **Financial Performance**
Net fee income remained unchanged on a constant currency like-for-like (CC LFL) basis, though reported figures decreased by 6% to £47.3 million.
Strong growth in Offshore Services (16% CC LFL) and the US (23% CC LFL), offset by declines in other regions.
Temporary and contract net fee income fell by 4% CC LFL, while permanent placements saw a 9% reduction.
2. **Regional Breakdown**
UK net fee income declined by 11% to £3.9 million.
US net fee income grew by 17% (23% CC LFL) to £2.7 million.
Offshore Services increased by 9% (16% CC LFL) to £13.8 million.
Non-Core operations (previously earmarked for disposal) saw an 8% CC LFL decline.
3. **Financing**
Net debt (excluding lease liabilities) rose to £17.1 million, in line with expectations.
Headroom of £5.4 million was maintained at year-end.
No final dividend will be recommended due to the challenging trading environment and increased debt.
4. **Management Commentary**
Chair Joost Kreulen acknowledged persistent market challenges but expressed satisfaction with the adjusted PBT performance. He highlighted progress in stabilizing financial control and operations, emphasizing the Group’s commitment to positioning itself for future market recovery.
The update underscores Empresaria’s resilience in a difficult trading environment, with strategic focus on operational stability and readiness for market improvement.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">Empresaria Group PLC Financials and Debt Comparison

Empresaria Group PLC Financials and Debt Comparison (2024 vs 2025)

Metric2024 (£m)2025 (£m)% Change% Change (CC LFL)
Net Fee Income50.447.3-6%0%
UK4.43.9-11%-11%
US2.32.717%23%
Offshore Services12.713.89%16%
Non-Core32.227.9-13%-8%
Central and Intragroup-1.2-1.0N/AN/A
Net Debt (excl. lease liabilities)15.317.112%N/A
Headroom (excl. invoice financing)N/A5.4N/AN/A
Final Dividend£nil£nilN/AN/A
### Key Notes: 1. **Net Fee Income**: Reported figure decreased by 6%, but remained unchanged on a Constant Currency Like-for-Like (CC LFL) basis. 2. **Regional Performance**: - **UK**: Down 11% (CC LFL). - **US**: Up 23% (CC LFL). - **Offshore Services**: Up 16% (CC LFL). - **Non-Core**: Down 8% (CC LFL). 3. **Net Debt**: Increased by 12% from £15.3m in 2024 to £17.1m in 2025. 4. **Headroom**: £5.4m at the end of 2025 (excluding invoice financing facilities). 5. **Dividend**: No final dividend recommended for both years. This table provides a clear comparison of key financials and debt metrics between 2024 and 2025.
HVO logo
Updates 06:01
HVO

Trading Update

hVIVO plc

**Summary**
hVIVO plc, a full-service early-phase Contract Research Organisation (CRO) and leader in human challenge clinical trials, released a trading update for FY25 (year ended 31 December 2025). Key highlights include
1. **Financial Performance**
Revenue of approximately £46.7 million, in line with expectations (FY24: £62.7 million).
Positive low single-digit adjusted EBITDA margin, exceeding guidance (FY24: 26.2%).
Cash position of £14.3 million, debt-free, and ahead of expectations (FY24: £44.2 million).
2. **Strategic Acquisitions**
Completed and integrated acquisitions of CRS Mannheim & Kiel and Cryostore, creating an end-to-end early clinical development platform from preclinical to Phase III.
Four integrated service lines now fully operational: Consulting, Clinical Trials, Human Challenge Trials (HCTs), and Laboratories.
3. **Market Position and Pipeline**
FY25 faced macroeconomic and sector-specific challenges, including programme deferrals and cancellations in HCTs.
Strong momentum in FY26 pipeline across all service lines, with increasing opportunities in infectious diseases and diversified therapeutic areas (e.g., cardiometabolic, respiratory, immunology).
Aggregate value of customer proposals in FY25 exceeded FY24, indicating positive medium-term revenue growth.
4. **Outlook**
Reiterated guidance for high single-digit revenue growth in 2026.
Focus on four key growth initiativesexpanding therapeutic specialisms, enhancing laboratory services, and improving patient recruitment.
Confidence in full-service platform to drive near and long-term growth.
5. **Investor Engagement**
CEO Yamin Mo Khan and CFO Stephen Pinkerton hosted an investor meeting via Investor Meet Company to discuss the update.
hVIVO is well-positioned for growth in 2026, leveraging its diversified service offerings and strengthened infrastructure.
Below is the HTML table code comparing the financials and debt year-on-year for hVIVO PLC based on the provided text:
MetricFY2024FY2025
Revenue (£ million)62.746.7
Adjusted EBITDA Margin26.2%Positive low single-digit
Cash Position (£ million)44.214.3
DebtNoneNone
### Explanation: - **Revenue**: FY2024 revenue was £62.7 million, while FY2025 is expected to be £46.7 million. - **Adjusted EBITDA Margin**: FY2024 was 26.2%, and FY2025 is expected to be a positive low single-digit percentage. - **Cash Position**: Cash decreased from £44.2 million in FY2024 to £14.3 million in FY2025, primarily due to strategic acquisitions. - **Debt**: The company remains debt-free in both years. This table provides a clear year-on-year comparison of key financial metrics for hVIVO PLC.
SAGA logo
Updates 06:01
SAGA

Trading Update

Saga plc

**Summary**
Saga plc, a UK specialist in products and services for people over 50, released a trading update on January 29, 2026, highlighting strong performance and strategic progress. Key points include
1. **Financial Performance**
Underlying Profit Before Tax is expected to exceed prior year figures and surpass half-year guidance.
Ocean and River Cruise segments showed strong growth, with improved load factors and per diem rates.
Holidays division reported robust growth in booked revenue (13%) and passenger numbers (11%).
Insurance Broking outperformed expectations, with growth in policy sales and higher profits.
Net Debt is projected to be lower than previous guidance, supported by strong cash flow and proceeds from the sale of the Insurance Underwriting business.
2. **Strategic Initiatives**
Simplified Travel business under a single management team for efficiency and customer focus.
Launched new partnerships with Ageas (Insurance Broking) and NatWest Boxed (Saga Money).
Introduced an improved instant access savings account and plans to launch more financial products in 2026.
3. **Outlook for 2026/27**
Continued momentum in Cruise and Holidays, with strong booking trends.
Insurance Broking profits expected to align with previous guidance as the Ageas partnership matures.
Further reduction in Net Debt and leverage anticipated, with peak leverage already passed.
4. **Long-Term Goals**
Confident in achieving underlying profitability of at least £100m and leverage below 2.0x by January 2030.
Saga’s preliminary results for the year ending January 31, 2026, are scheduled for April 15, 2026. The company remains focused on delivering high-quality products and services while advancing its strategic objectives.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">Saga PLC Financials and Debt Comparison

Saga PLC Financials and Debt Comparison (2024/25 vs 2025/26)

Metric2024/252025/26Change
Underlying Profit Before TaxNot specifiedAhead of prior yearImprovement
Ocean Cruise Load Factor91%93%+2 ppt
Ocean Cruise Per Diem£358£394+10%
River Cruise Load Factor89%89%0 ppt
River Cruise Per Diem£326£349+7%
Holidays Booked Revenue GrowthNot specified~13%N/A
Holidays Passenger GrowthNot specified11%N/A
Insurance Broking Underlying Profit Before TaxNot specifiedMarginally higher than prior yearImprovement
Trading EBITDANot specifiedAhead of 2024/25Improvement
Net DebtNot specifiedSignificantly lower than prior yearImprovement
Leverage (excluding £60m Ageas receipt)Not specifiedBelow 4.0xImprovement

Outlook for 2026/27

Metric2025/26 (at same point)2026/27 (at same point)Change
Ocean Cruise Booked Load Factor67%70%+3 ppt
Ocean Cruise Booked Per Diem£394£445+13%
River Cruise Booked Load Factor55%59%+4 ppt
River Cruise Booked Per Diem£349£367+3%
Holidays Booked Revenue£126m£132m+5%
Holidays Booked Passengers38k39k+1%
Net Debt and LeveragePeak leverage point passedFurther reductions expectedImprovement
### Key Notes: 1. **2025/26 Comparison**: The table highlights improvements in key metrics such as load factors, per diem rates, and profitability compared to the prior year. 2. **2026/27 Outlook**: The second table shows projected improvements in bookings and financial metrics for the upcoming year. 3. **Styling**: Basic CSS is included for table formatting and readability. 4. **Assumptions**: Some values for 2024/25 were not explicitly provided in the text, so they are marked as "Not specified" or calculated based on the given percentage changes.
ALFA logo
Updates 06:01
ALFA

Q4 25 Trading update

Alfa Financial Software Holdings PLC

**Summary**
Alfa Financial Software Holdings PLC released a Q4 2025 trading update on January 29, 2026, highlighting strong financial and operational performance. Key points include
1. **Financial Performance**
FY 2025 revenue reached £126.5 million, exceeding market expectations by £2 million and growing 15% year-on-year (17% on a constant currency basis).
Operating profit grew 17% to £40.0 million, £3 million ahead of expectations.
Q4 2025 revenue increased 11% to £32.5 million, driven by strong subscription (up 15%) and delivery revenues (up 16%).
2. **Pipeline and TCV**
Late-stage pipeline expanded to ten prospects (up from eight in Q3), with eight achieving preferred supplier status.
Total Contract Value (TCV) rose 3% to £227 million, with subscription TCV up 18% year-on-year.
3. **Operational Highlights**
Completed nine deliveries in Q4, including a successful Alfa Systems 6 go-live for an Australian customer expanding into New Zealand.
Twenty customers are now live on Alfa Systems 6, with upgrades progressing effectively.
4. **Market Expansion**
Progress in developing Originations, Fleet, and Commercial Finance capabilities, expanding both Serviceable and Total Addressable Markets.
Active discussions with customers for new modules, driving future investment and growth.
5. **Outlook**
CEO Andrew Denton expressed confidence in continued growth in 2026, supported by a robust pipeline and TCV, despite currency headwinds.
Focus on further product investment to drive long-term revenue growth.
Alfa remains well-positioned in the asset finance industry, with strong customer satisfaction and global presence. Full audited results for FY 2025 will be announced on March 12, 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly mention debt, the table focuses on revenue, operating profit, and TCV (Total Contract Value) for FY2025 compared to FY2024.
MetricFY 2025FY 2024Change
Revenue£126.5m£110.0m+15% (17% at constant currency)
Operating Profit£40.0m£34.2m+17%
Total Contract Value (TCV)£227m£220m+3%
### Notes: 1. **Revenue**: FY2025 revenue is £126.5m, up 15% (17% at constant currency) from FY2024. 2. **Operating Profit**: FY2025 operating profit is £40.0m, a 17% increase from FY2024. 3. **TCV**: FY2025 TCV is £227m, a 3% increase from FY2024. 4. **Debt**: The provided text does not include information on debt, so it is not included in the table. This table provides a clear year-on-year comparison of key financial metrics for Alfa Financial Software Holdings PLC.
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2026-01-29
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2026-01-29 35 picks
80 Positive
PINE
Pinewood Technologies Group PLC
Positive
Response to Press Speculation
**Summary:** Pinewood Technologies Group PLC (Pinewood.AI) has confirmed discussions with Apax Partners LLP regarding a potential cash offer of 500 pence per share for the entire issued and to-be-issued share capital of the company. The offer, which includes an unlisted partial share alternative, follows earlier approaches by Apax. Pinewood.AIs board, after careful consideration, is minded to recommend the offer to shareholders if a firm intention is announced under the City Code on Takeovers and Mergers (the "Code"), subject to due diligence and other conditions. Apax must decide by February 26, 2026, whether to proceed with a firm offer or withdraw. The announcement emphasizes regulatory compliance, disclosure requirements, and the absence of certainty regarding a final offer. Pinewood.AI, a leading cloud-based technology provider to automotive retailers and OEMs, has 115,099,977 ordinary shares in issue as of January 29, 2026. The full announcement is available on Pinewood.AIs website.
**Summary**
Pinewood Technologies Group PLC (Pinewood.AI) has confirmed discussions with Apax Partners LLP regarding a potential cash offer of 500 pence per share for the entire issued and to-be-issued share capital of the company. The offer, which includes an unlisted partial share alternative, follows earlier approaches by Apax. Pinewood.AIs board, after careful consideration, is minded to recommend the offer to shareholders if a firm intention is announced under the City Code on Takeovers and Mergers (the "Code"), subject to due diligence and other conditions. Apax must decide by February 26, 2026, whether to proceed with a firm offer or withdraw. The announcement emphasizes regulatory compliance, disclosure requirements, and the absence of certainty regarding a final offer. Pinewood.AI, a leading cloud-based technology provider to automotive retailers and OEMs, has 115,099,977 ordinary shares in issue as of January 29, 2026. The full announcement is available on Pinewood.AIs website.
Speculation
17:33
Open Terminal ↗ RNS Source
80 Positive
CABP
CAB Payments Holdings Ltd
Positive
ADGM Licence and global clearing partner secured
**Summary:** CAB Payments Holdings PLC, a leading B2B FX and Payments provider, announced two significant developments on January 29, 2026. First, its Middle Eastern subsidiary, CAB Global Markets (CAB GM), secured a Category 2 Financial Services Permission from the Abu Dhabi Global Market (ADGM)s Financial Services Regulatory Authority (FSRA). This license enables CAB GM to facilitate cross-border payments, foreign exchange transactions, trade finance, and credit arrangements, strengthening its presence in fast-growing markets across Africa, South Asia, and the Middle East. Second, CAB established a strategic global clearing partnership with another leading bank, enhancing access to USD and Euro clearing services. This partnership deepens liquidity, improves connectivity with key regions, and bolsters operational resilience. Group CEO Neeraj Kapur emphasized these developments as pivotal steps in CABs strategy, expanding its reach in key growth regions and reinforcing its commitment to delivering prosperity in the markets it serves. CAB Payments, with its 180-year legacy, connects hard-to-reach financial markets globally, operating with a strong focus on sustainability and ethical practices.
**Summary**
CAB Payments Holdings PLC, a leading B2B FX and Payments provider, announced two significant developments on January 29, 2026. First, its Middle Eastern subsidiary, CAB Global Markets (CAB GM), secured a Category 2 Financial Services Permission from the Abu Dhabi Global Market (ADGM)s Financial Services Regulatory Authority (FSRA). This license enables CAB GM to facilitate cross-border payments, foreign exchange transactions, trade finance, and credit arrangements, strengthening its presence in fast-growing markets across Africa, South Asia, and the Middle East.
Second, CAB established a strategic global clearing partnership with another leading bank, enhancing access to USD and Euro clearing services. This partnership deepens liquidity, improves connectivity with key regions, and bolsters operational resilience.
Group CEO Neeraj Kapur emphasized these developments as pivotal steps in CABs strategy, expanding its reach in key growth regions and reinforcing its commitment to delivering prosperity in the markets it serves. CAB Payments, with its 180-year legacy, connects hard-to-reach financial markets globally, operating with a strong focus on sustainability and ethical practices.
Partner
16:27
Open Terminal ↗ RNS Source
80 Positive
SYS
SysGroup PLC
Positive
Contract win with the Scouts Association
**Summary:** SysGroup PLC, a provider of managed IT services and cloud solutions, announced on January 29, 2026, that it has secured a new three-year contract with The Scouts Association (Scouts), the UKs largest youth movement. This agreement, awarded after a competitive tender process, expands the range of managed network services SysGroup will provide to Scouts, building on their long-standing relationship. The contract leverages SysGroups visibility-led operating model, which uses data and AI-driven insights to enhance decision-making, risk management, and service delivery. Key highlights include: - SysGroup will continue to support Scouts national network infrastructure, offering improved visibility, assurance, and operational oversight. - Scouts Head of Technology & Digital, Jason Mason, praised SysGroups understanding of their organization and requirements. - SysGroups CTO, Simon Kirkup, emphasized the companys evolving operating model, focusing on visibility, automation, and intelligence to foster long-term partnerships. This non-regulatory announcement underscores SysGroups commitment to delivering transformative IT solutions and strengthening client relationships. For more information, visit [www.sysgroup.com](http://www.sysgroup.com).
**Summary**
SysGroup PLC, a provider of managed IT services and cloud solutions, announced on January 29, 2026, that it has secured a new three-year contract with The Scouts Association (Scouts), the UKs largest youth movement. This agreement, awarded after a competitive tender process, expands the range of managed network services SysGroup will provide to Scouts, building on their long-standing relationship. The contract leverages SysGroups visibility-led operating model, which uses data and AI-driven insights to enhance decision-making, risk management, and service delivery.
Key highlights include
SysGroup will continue to support Scouts national network infrastructure, offering improved visibility, assurance, and operational oversight.
Scouts Head of Technology & Digital, Jason Mason, praised SysGroups understanding of their organization and requirements.
SysGroups CTO, Simon Kirkup, emphasized the companys evolving operating model, focusing on visibility, automation, and intelligence to foster long-term partnerships.
This non-regulatory announcement underscores SysGroups commitment to delivering transformative IT solutions and strengthening client relationships. For more information, visit [www.sysgroup.com](http://www.sysgroup.com).
NewContract
13:12
Open Terminal ↗ RNS Source
98 Exceptional
MFAI
Mindflair Plc
Positive
New Investment in AI Sales Execution Company
**Summary:** Mindflair plc, an AIM-quoted investment company focused on AI and related technologies, announced that Sure Valley Ventures (SVV) third fund (SVV3), in which Mindflair holds an interest, has invested in Overpath Limited, an Ireland-based AI sales execution platform. Overpath raised €1.6 million in pre-seed funding, led by Elkstone Ventures, to accelerate product development and expand enterprise partnerships. The platform uses AI to analyze live sales data, helping organizations identify execution risks early and recommend proactive actions to improve sales outcomes. Founded by experienced enterprise software operators Ross Keating and Dermot OConnor, Overpath aims to address a critical gap in revenue technology by focusing on sales execution rather than retrospective analytics. Nicholas Lee, Director of Mindflair, highlighted the investment aligns with their strategy of backing differentiated AI companies solving real operational challenges. Mindflair continues to build a portfolio of high-growth AI-focused businesses across sectors like IoT, cybersecurity, and machine learning.
**Summary**
Mindflair plc, an AIM-quoted investment company focused on AI and related technologies, announced that Sure Valley Ventures (SVV) third fund (SVV3), in which Mindflair holds an interest, has invested in Overpath Limited, an Ireland-based AI sales execution platform. Overpath raised €1.6 million in pre-seed funding, led by Elkstone Ventures, to accelerate product development and expand enterprise partnerships. The platform uses AI to analyze live sales data, helping organizations identify execution risks early and recommend proactive actions to improve sales outcomes. Founded by experienced enterprise software operators Ross Keating and Dermot OConnor, Overpath aims to address a critical gap in revenue technology by focusing on sales execution rather than retrospective analytics. Nicholas Lee, Director of Mindflair, highlighted the investment aligns with their strategy of backing differentiated AI companies solving real operational challenges. Mindflair continues to build a portfolio of high-growth AI-focused businesses across sectors like IoT, cybersecurity, and machine learning.
AI
09:46
Open Terminal ↗ RNS Source
98 Exceptional
NCC
NCC Group plc
Positive
Dealing Disclosure under Rule 8 Takeover Code
**Summary:** On **29 January 2026**, **Mike Maddison**, a person acting in concert with the offeree **NCC Group plc**, disclosed his interests and rights under **Rule 8 of the Takeover Code**. The disclosure, filed via **RNS** (Regulatory News Service), details Maddison’s holdings and options in **NCC Group plc** as of **23 January 2026**. **Key Points:** 1. **Holdings:** Maddison owns **172,170 ordinary shares** (0.00055% of the company) with no short positions. 2. **Options:** He holds **nil-cost options** and **deferred bonus options** totaling **3,405,052 shares** under various performance-based and bonus plans, granted between **2022 and 2026**. Vesting and lapse dates range from **2025 to 2036**. 3. **Dealings:** No purchases, sales, or derivative transactions were reported. 4. **Other Arrangements:** No indemnities, agreements, or understandings related to voting rights or derivatives were disclosed. The disclosure complies with **Takeover Code** requirements, with no supplemental forms attached. **Elizabeth Duncan-Lee** is the contact for further inquiries. **Purpose:** The filing ensures transparency in dealings related to **NCC Group plc** during a potential takeover or offer process.
**Summary**
On **29 January 2026**, **Mike Maddison**, a person acting in concert with the offeree **NCC Group plc**, disclosed his interests and rights under **Rule 8 of the Takeover Code**. The disclosure, filed via **RNS** (Regulatory News Service), details Maddison’s holdings and options in **NCC Group plc** as of **23 January 2026**.
**Key Points**
1. **Holdings** Maddison owns **172,170 ordinary shares** (0.00055% of the company) with no short positions.
2. **Options** He holds **nil-cost options** and **deferred bonus options** totaling **3,405,052 shares** under various performance-based and bonus plans, granted between **2022 and 2026**. Vesting and lapse dates range from **2025 to 2036**.
3. **Dealings** No purchases, sales, or derivative transactions were reported.
4. **Other Arrangements** No indemnities, agreements, or understandings related to voting rights or derivatives were disclosed.
The disclosure complies with **Takeover Code** requirements, with no supplemental forms attached. **Elizabeth Duncan-Lee** is the contact for further inquiries.
**Purpose** The filing ensures transparency in dealings related to **NCC Group plc** during a potential takeover or offer process.
DirectorDealing
08:12
Open Terminal ↗ RNS Source
98 Exceptional
NCC
NCC Group plc
Positive
Dealing Disclosure under Rule 8 Takeover Code
**Summary:** On **29 January 2026**, **Guy Ellis**, a person acting in concert with the offeree **NCC Group plc**, disclosed dealings under **Rule 8 of the Takeover Code**. The disclosure details Elliss interests and rights in **NCC Group plc**s ordinary shares as of **23 January 2026**. Key points include: 1. **Interests and Short Positions**: - Ellis holds **1,833 ordinary shares** (0.00058% of the company), with no short positions. 2. **Rights to Subscribe**: - Ellis holds **nil-cost options** and **deferred bonus options** totaling **1,376,079 shares** under various employee share plans, with vesting and lapse dates ranging from **2025 to 2036**. 3. **Dealings**: - No purchases, sales, or derivative transactions were reported. 4. **Other Information**: - No indemnity arrangements, agreements, or supplemental forms were disclosed. The disclosure was made through **RNS**, the news service of the London Stock Exchange, and complies with the **Takeover Code** requirements. Contact details for further information are provided.
**Summary**
On **29 January 2026**, **Guy Ellis**, a person acting in concert with the offeree **NCC Group plc**, disclosed dealings under **Rule 8 of the Takeover Code**. The disclosure details Elliss interests and rights in **NCC Group plc**s ordinary shares as of **23 January 2026**. Key points include
1. **Interests and Short Positions**
Ellis holds **1,833 ordinary shares** (0.00058% of the company), with no short positions.
2. **Rights to Subscribe**
Ellis holds **nil-cost options** and **deferred bonus options** totaling **1,376,079 shares** under various employee share plans, with vesting and lapse dates ranging from **2025 to 2036**.
3. **Dealings**
No purchases, sales, or derivative transactions were reported.
4. **Other Information**
No indemnity arrangements, agreements, or supplemental forms were disclosed.
The disclosure was made through **RNS**, the news service of the London Stock Exchange, and complies with the **Takeover Code** requirements. Contact details for further information are provided.
DirectorDealing
08:12
Open Terminal ↗ RNS Source
88 Trading Edge
WNX
Wellnex Life Limited
Positive
Q2 FY26 Quarterly Update and Appendix 4C
**Summary of Wellnex Life Limited Q2 FY26 Quarterly Update and Appendix 4C** Wellnex Life Limited (ASX/AIM: WNX) released its Q2 FY26 quarterly update and Appendix 4C on January 29, 2026, highlighting significant operational and financial improvements. Key takeaways include: 1. **Financial Performance**: - Operating cash outflow improved to $(0.16) million, a substantial reduction from $(2.98) million in Q1 FY26, driven by 31.5% quarter-on-quarter (QoQ) revenue growth and cost-cutting measures. - Customer cash receipts rose to $5.10 million, up from $4.54 million in Q1 FY26. - Total revenue increased to $7.1 million, with IP Licensing revenue surging by 1,000% to $3.3 million, offsetting a 25.5% decline in Brands revenue to $3.8 million due to strategic consolidation of non-core assets. - Gross profit grew by 16.7% to $2.1 million. 2. **Cash Position**: - Quarter-end cash balance increased to $0.98 million, with $2.01 million in undrawn financing facilities available. - Total financing facilities stood at $11.65 million, with $9.65 million drawn. 3. **Strategic Focus**: - The company continues its turnaround strategy, focusing on core brands like Pain Away, improving cash conversion, and strengthening the balance sheet. - Manufacturing and operating cash flows normalized after a one-off raw material purchase in Q1 FY26. 4. **Corporate Updates**: - Payments of $0.36 million were made to related parties for directors fees, executive remuneration, and associated costs. - The Board remains optimistic about execution and engagement across the business, with efforts to enhance margins and reduce costs. 5. **Investor Engagement**: - Executive Chairman Ash Vesali will host a live investor briefing on February 2, 2026, at 11 am (AEDT). 6. **Appendix 4C Highlights**: - Net cash from operating activities improved to $(0.16) million. - Financing activities contributed $0.965 million in net cash. - Estimated cash available for future operations is $2.98 million, sufficient for approximately 18.3 quarters based on current cash outflows. Wellnex Life remains committed to its strategic goals, with a focus on profitability and sustainable growth.
**Summary of Wellnex Life Limited Q2 FY26 Quarterly Update and Appendix 4C**
Wellnex Life Limited (ASX/AIMWNX) released its Q2 FY26 quarterly update and Appendix 4C on January 29, 2026, highlighting significant operational and financial improvements. Key takeaways include
1. **Financial Performance**
Operating cash outflow improved to $(0.16) million, a substantial reduction from $(2.98) million in Q1 FY26, driven by 31.5% quarter-on-quarter (QoQ) revenue growth and cost-cutting measures.
Customer cash receipts rose to $5.10 million, up from $4.54 million in Q1 FY26.
Total revenue increased to $7.1 million, with IP Licensing revenue surging by 1,000% to $3.3 million, offsetting a 25.5% decline in Brands revenue to $3.8 million due to strategic consolidation of non-core assets.
Gross profit grew by 16.7% to $2.1 million.
2. **Cash Position**
Quarter-end cash balance increased to $0.98 million, with $2.01 million in undrawn financing facilities available.
Total financing facilities stood at $11.65 million, with $9.65 million drawn.
3. **Strategic Focus**
The company continues its turnaround strategy, focusing on core brands like Pain Away, improving cash conversion, and strengthening the balance sheet.
Manufacturing and operating cash flows normalized after a one-off raw material purchase in Q1 FY26.
4. **Corporate Updates**
Payments of $0.36 million were made to related parties for directors fees, executive remuneration, and associated costs.
The Board remains optimistic about execution and engagement across the business, with efforts to enhance margins and reduce costs.
5. **Investor Engagement**
Executive Chairman Ash Vesali will host a live investor briefing on February 2, 2026, at 11 am (AEDT).
6. **Appendix 4C Highlights**
Net cash from operating activities improved to $(0.16) million.
Financing activities contributed $0.965 million in net cash.
Estimated cash available for future operations is $2.98 million, sufficient for approximately 18.3 quarters based on current cash outflows.
Wellnex Life remains committed to its strategic goals, with a focus on profitability and sustainable growth.
Below is an HTML table comparing the financials and debt year on year based on the provided text. The table includes key metrics such as revenue, gross profit, cash balance, and debt levels for Q2 FY26 and Q1 FY26.
MetricQ2 FY26Q1 FY26% Change
Revenue
Brands$3.8 million$5.1 million(25.5%)
IP Licensing$3.3 million$0.3 million1000%
Total Revenue$7.1 million$5.4 million31.5%
Gross Profit$2.1 million$1.8 million16.7%
Operating Cash Flow$(0.16) million$(2.98) million94.6% Improvement
Customer Cash Receipts$5.10 million$4.54 million12.3%
Cash Balance (Quarter End)$0.98 millionNot ProvidedN/A
Total Debt Drawn$9.65 millionNot ProvidedN/A
Unused Financing Facilities$2.01 millionNot ProvidedN/A
### Notes: 1. **Year-on-Year Comparison**: The provided text only includes data for Q2 FY26 and Q1 FY26, so a full year-on-year comparison is not possible. The table compares the two quarters instead. 2. **Debt and Cash Balance**: The debt and cash balance figures are based on the information provided in the Appendix 4C and the main text. 3. **Percentage Changes**: Calculated based on the available data for Q2 FY26 and Q1 FY26. This table provides a clear comparison of key financial metrics between Q2 FY26 and Q1 FY26, highlighting improvements and changes in revenue, cash flow, and debt levels.
06:01
Open Terminal ↗ RNS Source
88 Trading Edge
SOM
Somero Enterprise Inc
Positive
Trading Update
**Summary:** Somero Enterprises Inc. released a trading update for the financial year ended 31 December 2025, highlighting improved performance in the second half (H2) of the year. Key points include: 1. **Financial Performance:** - FY 2025 revenue is expected to be approximately **US$88.9 million**, in line with guidance and market expectations, with H2 revenues up **23.4%** to **US$49.1 million**. - New product launches, including the S-15EZ and Hammerhead Laser Screed, contributed **US$13.0 million** in H2. - FY 2025 adjusted EBITDA is expected to be **US$17.5 million**, and year-end cash is better than anticipated at **US$33.2 million**. 2. **Regional Performance:** - **North America** revenues declined to **US$68.1 million** due to mixed demand in non-residential construction. - **Europe** revenues improved in H2 but remained lower at **US$8.9 million** due to macroeconomic and geopolitical challenges. - **Australia** revenues normalized to **US$5.6 million** (down 15%) after exceptional growth in prior periods. - **Rest of World** revenues remained consistent at **US$6.3 million**. 3. **Strategic Progress:** - The company is advancing its long-term strategy under the pillars of **Fortify, Innovate, and Amplify**, with initiatives underway to strengthen market presence and product offerings. 4. **Outlook for FY 2026:** - The Board anticipates **market volatility** to continue, with overall trading expected to be **broadly similar** to FY 2025. - Strategic initiatives, including expanding the product range, are expected to contribute meaningfully to FY 2026 performance. 5. **Management Commentary:** - CEO Tim Averkamp emphasized strong H2 performance, positive customer response to new products, and disciplined execution despite near-term uncertainties. - The company remains focused on innovation, margin protection, and preparing for growth when market conditions improve. Someros final results for 2025 are scheduled for release on **10 March 2026**.
**Summary**
Somero Enterprises Inc. released a trading update for the financial year ended 31 December 2025, highlighting improved performance in the second half (H2) of the year. Key points include
1. **Financial Performance**
FY 2025 revenue is expected to be approximately **US$88.9 million**, in line with guidance and market expectations, with H2 revenues up **23.4%** to **US$49.1 million**.
New product launches, including the S-15EZ and Hammerhead Laser Screed, contributed **US$13.0 million** in H2.
FY 2025 adjusted EBITDA is expected to be **US$17.5 million**, and year-end cash is better than anticipated at **US$33.2 million**.
2. **Regional Performance**
**North America** revenues declined to **US$68.1 million** due to mixed demand in non-residential construction.
**Europe** revenues improved in H2 but remained lower at **US$8.9 million** due to macroeconomic and geopolitical challenges.
**Australia** revenues normalized to **US$5.6 million** (down 15%) after exceptional growth in prior periods.
**Rest of World** revenues remained consistent at **US$6.3 million**.
3. **Strategic Progress**
The company is advancing its long-term strategy under the pillars of **Fortify, Innovate, and Amplify**, with initiatives underway to strengthen market presence and product offerings.
4. **Outlook for FY 2026**
The Board anticipates **market volatility** to continue, with overall trading expected to be **broadly similar** to FY 2025.
Strategic initiatives, including expanding the product range, are expected to contribute meaningfully to FY 2026 performance.
5. **Management Commentary**
CEO Tim Averkamp emphasized strong H2 performance, positive customer response to new products, and disciplined execution despite near-term uncertainties.
The company remains focused on innovation, margin protection, and preparing for growth when market conditions improve.
Someros final results for 2025 are scheduled for release on **10 March 2026**.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY 2025FY 2024Change
Revenue (US$ m)88.9109.2-18.6%
North America68.182.2-17.2%
Europe8.914.6-39.0%
Australia5.66.6-15.2%
Rest of World6.35.8+8.6%
Parts and Service Revenue17.019.1-11.0%
Adjusted EBITDA (US$ m)17.5Not ProvidedN/A
Year-End Cash (US$ m)33.2Not ProvidedN/A
### Notes: 1. **Revenue**: The overall revenue decreased by 18.6% from FY 2024 to FY 2025. Regional breakdowns show declines in North America, Europe, and Australia, with a slight increase in the Rest of World segment. 2. **Parts and Service Revenue**: Declined by 11.0%, a smaller decrease compared to overall revenue. 3. **Adjusted EBITDA and Year-End Cash**: FY 2024 figures were not provided, so the change is marked as N/A. 4. **Debt**: No specific debt figures were mentioned in the text, so it is not included in the table. This table provides a clear year-on-year comparison of the key financials mentioned in the text.
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80 Positive
APTA
Aptamer Group PLC
Positive
Contract wins and first cash licensing receipts
**Summary:** Aptamer Group PLC, a developer of next-generation synthetic binders for the life sciences industry, announced significant commercial progress on January 29, 2026. The company secured **£190,000 in new fee-for-service contracts and extensions**, including repeat business with top-tier pharmaceutical partners, bringing its FY26 fee-for-service order book to over **£2.1 million**. Additionally, Aptamer received its **first cash licensing receipts of £80,000** from a hot-start PCR Optimer® license, marking the transition to high-margin, recurring revenues. Key highlights include: - **Repeat contracts** with a top-10 global pharmaceutical company and other leading industry players, demonstrating sustained adoption of the Optimer® platform. - A new Optimer® development program for novel fertility solutions, with Aptamer retaining full intellectual property rights for potential downstream licensing. - The first cash licensing receipts are expected to contribute **15% of annual overhead** over the next three years, showcasing operational leverage. - A strong financial position with funding runway through **June 2027**, supporting continued revenue growth and progress toward cash-flow break-even. CEO Dr. Arron Tolley emphasized the company’s progress in building a higher-quality, recurring revenue business, with confidence in delivering year-on-year growth and enhancing shareholder value.
**Summary**
Aptamer Group PLC, a developer of next-generation synthetic binders for the life sciences industry, announced significant commercial progress on January 29, 2026. The company secured **£190,000 in new fee-for-service contracts and extensions**, including repeat business with top-tier pharmaceutical partners, bringing its FY26 fee-for-service order book to over **£2.1 million**. Additionally, Aptamer received its **first cash licensing receipts of £80,000** from a hot-start PCR Optimer® license, marking the transition to high-margin, recurring revenues.
Key highlights include
**Repeat contracts** with a top-10 global pharmaceutical company and other leading industry players, demonstrating sustained adoption of the Optimer® platform.
A new Optimer® development program for novel fertility solutions, with Aptamer retaining full intellectual property rights for potential downstream licensing.
The first cash licensing receipts are expected to contribute **15% of annual overhead** over the next three years, showcasing operational leverage.
A strong financial position with funding runway through **June 2027**, supporting continued revenue growth and progress toward cash-flow break-even.
CEO Dr. Arron Tolley emphasized the company’s progress in building a higher-quality, recurring revenue business, with confidence in delivering year-on-year growth and enhancing shareholder value.
NewContract
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KRM
KRM22 Plc
Positive
Trading Update
**Summary:** KRM22 plc, a technology and software investment company focused on risk management in capital markets, released a trading update for the fiscal year 2025 (FY2025) on January 29, 2026. Key financial highlights include: 1. **Annual Recurring Revenue (ARR):** £7.6 million, a 19% growth at constant FX rates compared to FY2024 (£6.6 million). New contracted ARR was £1.6 million, driven by cross-sales and contractual price increases. 2. **Total Revenue:** Approximately £7.5 million, an 11% increase from FY2024 (£6.8 million). 3. **Adjusted EBITDA:** £0.7 million, down from £1.0 million in FY2024. 4. **Cash Position:** Gross and net cash of £5.2 million as of December 31, 2025, significantly improved from a net debt of £3.5 million in FY2024, following a successful £9.2 million fundraise in November 2025. The company attributed ARR growth to cross-sales of its Risk Manager, Limits Manager, and Market Surveillance applications, as well as contractual price increases. Churn of £0.4 million was primarily due to two institutional customers canceling Market Surveillance licenses but signing new multi-year contracts for other KRM22 applications. With a strengthened cash position, KRM22 plans to invest in sales, marketing, and development to expand its risk management applications and offer multi-asset solutions. CEO Dan Carter emphasized the company’s strong sales pipeline, robust balance sheet, and strategic focus for continued growth in 2026. Audited results for FY2025 are expected in May 2026.
**Summary**
KRM22 plc, a technology and software investment company focused on risk management in capital markets, released a trading update for the fiscal year 2025 (FY2025) on January 29, 2026. Key financial highlights include
1. **Annual Recurring Revenue (ARR)** £7.6 million, a 19% growth at constant FX rates compared to FY2024 (£6.6 million). New contracted ARR was £1.6 million, driven by cross-sales and contractual price increases.
2. **Total Revenue** Approximately £7.5 million, an 11% increase from FY2024 (£6.8 million).
3. **Adjusted EBITDA:** £0.7 milliondown from £1.0 million in FY2024.
4. **Cash Position** Gross and net cash of £5.2 million as of December 31, 2025, significantly improved from a net debt of £3.5 million in FY2024, following a successful £9.2 million fundraise in November 2025.
The company attributed ARR growth to cross-sales of its Risk Manager, Limits Manager, and Market Surveillance applications, as well as contractual price increases. Churn of £0.4 million was primarily due to two institutional customers canceling Market Surveillance licenses but signing new multi-year contracts for other KRM22 applications.
With a strengthened cash position, KRM22 plans to invest in sales, marketing, and development to expand its risk management applications and offer multi-asset solutions. CEO Dan Carter emphasized the company’s strong sales pipeline, robust balance sheet, and strategic focus for continued growth in 2026. Audited results for FY2025 are expected in May 2026.
Below is the HTML table code comparing the financials and debt year-on-year for KRM22 PLC based on the provided text:
MetricFY2024FY2025Change
Annual Recurring Revenue (ARR)£6.6m (£6.4m at constant FX)£7.6m (£7.6m at constant FX)+19% (at constant FX)
New Contracted ARR£1.7m£1.6m-6%
Total Revenue Recognised£6.8m£7.5m+11%
Adjusted EBITDA£1.0m£0.7m-30%
Gross Cash£1.0m£5.2m+420%
Net Cash/(Debt)Net Debt £3.5mNet Cash £5.2mDebt-free (from net debt)
FundraiseN/A£9.2m (Nov 2025)N/A
### Key Notes: - **ARR Growth**: 19% growth at constant FX rates, from £6.4m in FY2024 to £7.6m in FY2025. - **Revenue Growth**: 11% increase in total revenue recognised, from £6.8m to £7.5m. - **Adjusted EBITDA**: Decreased by 30%, from £1.0m to £0.7m. - **Cash Position**: Significant improvement in gross cash from £1.0m to £5.2m, and moved from net debt of £3.5m to net cash of £5.2m. - **Fundraise**: £9.2m raised in November 2025, enabling the company to become debt-free. This table provides a clear comparison of key financial metrics between FY2024 and FY2025 for KRM22 PLC.
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TPFG
Property Franchise Group PLC
Positive
FY25 Trading Update
**Summary:** The Property Franchise Group PLC (TPFG) reported a strong FY25 performance, highlighting significant organic growth and profitability slightly ahead of market expectations. Key highlights include: - **Revenue Growth**: Group revenue increased by 25% to £84.3 million, with a 9% pro-forma increase. Recurring revenue sources accounted for 51% of total revenue. - **Division Performance**: - **Franchising**: Revenue grew 16% to £47.5 million, driven by lettings and sales management services fees (MSF), despite a challenging lettings market. The launch of the Privilege program added £1.5 million in new revenue. - **Financial Services**: Revenue increased 26% to £24.2 million, supported by improved advisor productivity and lower borrowing costs. Total mortgages written rose to 25,000, amounting to £4.4 billion in lending. - **Licensing**: Revenue surged 75% to £12.6 million, with Fine & Country expanding internationally. - **Acquisitions**: Post-year-end, TPFG acquired an 85% stake in Smart Advice Financial Solutions Ltd, expected to enhance earnings immediately. - **Net Debt Reduction**: Net debt decreased to £2.3 million from £9.1 million in 2024. - **Outlook for 2026**: TPFG aims to capitalize on its scale, expand the Privilege program, advance AI initiatives, and pursue acquisitions. Despite modest rental inflation, growth is expected across all divisions, supported by a strong sales pipeline and reduced lending costs. CEO Gareth Samples emphasized the successful integration of acquisitions, revenue growth, and the resilience of TPFGs diversified business model, positioning the company for continued expansion in 2026.
**Summary**
The Property Franchise Group PLC (TPFG) reported a strong FY25 performance, highlighting significant organic growth and profitability slightly ahead of market expectations. Key highlights include
**Revenue Growth**Group revenue increased by 25% to £84.3 million, with a 9% pro-forma increase. Recurring revenue sources accounted for 51% of total revenue.
**Division Performance**
**Franchising**Revenue grew 16% to £47.5 million, driven by lettings and sales management services fees (MSF), despite a challenging lettings market. The launch of the Privilege program added £1.5 million in new revenue.
**Financial Services**Revenue increased 26% to £24.2 million, supported by improved advisor productivity and lower borrowing costs. Total mortgages written rose to 25,000, amounting to £4.4 billion in lending.
**Licensing**Revenue surged 75% to £12.6 million, with Fine & Country expanding internationally.
**Acquisitions**Post-year-end, TPFG acquired an 85% stake in Smart Advice Financial Solutions Ltd, expected to enhance earnings immediately.
**Net Debt Reduction**Net debt decreased to £2.3 million from £9.1 million in 2024.
**Outlook for 2026**TPFG aims to capitalize on its scale, expand the Privilege program, advance AI initiatives, and pursue acquisitions. Despite modest rental inflation, growth is expected across all divisions, supported by a strong sales pipeline and reduced lending costs.
CEO Gareth Samples emphasized the successful integration of acquisitions, revenue growth, and the resilience of TPFGs diversified business model, positioning the company for continued expansion in 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY2025FY2024ChangePro-forma Change
Group Revenue£84.3m£67.3m+25%+9%
Franchising Revenue£47.5m£40.9m+16%+9%
- Lettings MSF£21.6m£19.0m+14%+5%
- Sales MSF£10.5m£9.3m+13%+9%
Financial Services Revenue£24.2m£19.2m+26%+10%
Licensing Revenue£12.6m£7.2m+75%+3%
Net Debt£2.3m£9.1m-75%-
Recurring Revenue (%)51%52%-1%-
Mortgages Written25,00023,000+9%-
Lending Volume£4.4bn---
### Key Notes: - **Pro-forma** figures include revenues earned by Belvoir Group and GPEA within H1 2024 prior to acquisition. - **MSF** stands for Management Services Fees. - **Net Debt** decreased significantly from £9.1m in FY2024 to £2.3m in FY2025. - **Recurring Revenue** percentage slightly decreased from 52% to 51%. This table provides a clear comparison of key financial metrics and debt between FY2025 and FY2024, including pro-forma adjustments where applicable.
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80 Positive
ACSO
Accesso Technology Group PLC
Positive
Trading Update and Tender Offer
**Summary:** **Accesso Technology Group PLC** (AIM: ACSO) released a trading update and tender offer announcement on January 29, 2026. Key highlights include: 1. **Trading Update for 2025**: - Revenue is expected to be slightly ahead of market expectations at approximately $155 million. - Cash EBITDA margins are approaching 15%, reflecting operational efficiency and cost management. - Net cash as of December 31, 2025, was $30 million, supported by strong cash generation. 2. **Tender Offer**: - The Board plans to repurchase up to £14.5 million of the Company’s shares at £3.00 per share, following the completion of its 2025-2026 share repurchase program. - Details of the tender offer, including timetable and terms, will be communicated to shareholders later. 3. **Outlook for 2026**: - Despite challenges in 2025, including changes in services to key customers, the Group entered 2026 with strong commercial momentum. - Management has aligned costs with market conditions and strategic priorities, enhancing business resilience. - The 2026 outturn is expected to be in line with current market expectations. 4. **Customer Updates**: - A major customer has continued service into 2026, with updated commercial arrangements nearing completion. - Another major customer will not renew its agreement beyond January 31, 2026, as anticipated. 5. **Company Overview**: - Accesso is a premier technology solutions provider for leisure, entertainment, and cultural markets, serving over 1,100 venues in 33 countries. - The company focuses on improving guest experiences and driving revenue for clients through innovative technology solutions. The announcement constitutes inside information under the Market Abuse Regulations (EU) No. 596/2014 and is now in the public domain.
**Summary**
**Accesso Technology Group PLC** (AIMACSO) released a trading update and tender offer announcement on January 29, 2026. Key highlights include
1. **Trading Update for 2025**
Revenue is expected to be slightly ahead of market expectations at approximately $155 million.
Cash EBITDA margins are approaching 15%, reflecting operational efficiency and cost management.
Net cash as of December 312025was $30 millionsupported by strong cash generation.
2. **Tender Offer**
The Board plans to repurchase up to £14.5 million of the Company’s shares at £3.00 per share, following the completion of its 2025-2026 share repurchase program.
Details of the tender offer, including timetable and terms, will be communicated to shareholders later.
3. **Outlook for 2026**
Despite challenges in 2025, including changes in services to key customers, the Group entered 2026 with strong commercial momentum.
Management has aligned costs with market conditions and strategic priorities, enhancing business resilience.
The 2026 outturn is expected to be in line with current market expectations.
4. **Customer Updates**
A major customer has continued service into 2026, with updated commercial arrangements nearing completion.
Another major customer will not renew its agreement beyond January 31, 2026, as anticipated.
5. **Company Overview**
Accesso is a premier technology solutions provider for leisure, entertainment, and cultural markets, serving over 1,100 venues in 33 countries.
The company focuses on improving guest experiences and driving revenue for clients through innovative technology solutions.
The announcement constitutes inside information under the Market Abuse Regulations (EU) No. 596/2014 and is now in the public domain.
Offers
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FSJ
James Fisher and Sons PLC
Positive
Full Year Trading Update and Notice of Results
**Summary:** James Fisher and Sons plc, a leading marine services company, released a full-year trading update for 2025 (FY25) on January 29, 2026, ahead of its official results announcement on March 12, 2026. The company reported strong performance, with underlying operating profit exceeding market expectations at approximately £28 million, driven by a 4% like-for-like revenue growth to £395 million and an improved margin of around 7%. Key highlights include: 1. **Improved Trading Performance:** Second-half trading strengthened, supported by favorable end markets, despite some softness in oil and gas. 2. **Strategic Initiatives:** Focus on productivity, supply chain efficiency, and business mix optimization contributed to profit growth. 3. **Division Performance:** - **Energy Division:** Solid results in Energy Services and Renewables, with mixed performance in specific product lines. - **Defence Division:** Enhanced performance with strategic contract wins, including a significant award for the Polish Navy. - **Maritime Transport:** Strong results driven by high utilization in Tankships and increased seasonal activity. 4. **Financial Health:** Net debt/EBITDA remained within the target range of 1.0-1.5x, supported by disciplined cash management. 5. **Outlook:** The company remains confident in delivering further progress in 2026, with expectations of continued seasonal weighting toward the second half. CEO Jean Vernet highlighted progress toward medium-term targets and long-term growth opportunities, emphasizing the company’s streamlined portfolio, strengthened product base, and international expansion. Full-year results for FY25 will be announced on March 12, 2026.
**Summary**
James Fisher and Sons plc, a leading marine services company, released a full-year trading update for 2025 (FY25) on January 29, 2026, ahead of its official results announcement on March 12, 2026. The company reported strong performance, with underlying operating profit exceeding market expectations at approximately £28 million, driven by a 4% like-for-like revenue growth to £395 million and an improved margin of around 7%. Key highlights include
1. **Improved Trading Performance** Second-half trading strengthened, supported by favorable end markets, despite some softness in oil and gas.
2. **Strategic Initiatives** Focus on productivity, supply chain efficiency, and business mix optimization contributed to profit growth.
3. **Division Performance**
**Energy Division** Solid results in Energy Services and Renewables, with mixed performance in specific product lines.
**Defence Division** Enhanced performance with strategic contract wins, including a significant award for the Polish Navy.
**Maritime Transport** Strong results driven by high utilization in Tankships and increased seasonal activity.
4. **Financial Health** Net debt/EBITDA remained within the target range of 1.0-1.5x, supported by disciplined cash management.
5. **Outlook** The company remains confident in delivering further progress in 2026, with expectations of continued seasonal weighting toward the second half.
CEO Jean Vernet highlighted progress toward medium-term targets and long-term growth opportunities, emphasizing the company’s streamlined portfolio, strengthened product base, and international expansion. Full-year results for FY25 will be announced on March 12, 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">James Fisher & Sons plc Financials Comparison

James Fisher & Sons plc Financials Comparison (FY24 vs FY25)

MetricFY24FY25Change
Revenue (£m)~£379.8*~£395+4% (like-for-like)
Underlying Operating Profit (£m)~£25.5†~£28Ahead of expectations
Operating Margin~6.7%‡~7%Improved
Net Debt / EBITDAWithin 1.0-1.5xWithin 1.0-1.5xMaintained
* Calculated based on FY25 revenue growth of 4% like-for-like.
† Consensus mean underlying operating profit (continuing operations) for FY24.
‡ Estimated based on FY24 revenue and operating profit.

Notes:

  • FY24 figures are estimated or based on consensus where actual data is not provided.
  • FY25 figures are as per the trading update released on 29 January 2026.
  • Like-for-like growth adjusts for 2024 disposals (RMSpumptools and Martek; FY24 revenue £31.7m) and staged closures of IRM Middle East and Africa businesses.
### Explanation: 1. **Revenue**: FY24 revenue is estimated by reversing the 4% like-for-like growth in FY25. 2. **Underlying Operating Profit**: FY24 figure is based on the consensus mean provided in the notes. 3. **Operating Margin**: Calculated as Operating Profit / Revenue. 4. **Net Debt / EBITDA**: Maintained within the target range for both years. The table includes footnotes for clarity and assumptions made due to the lack of explicit FY24 data in the provided text.
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TRB
Tribal Group plc
Positive
Trading Update and Notice of Results
**Summary:** Tribal Group PLC, a leading provider of software and services to the international education market, released a trading update for the year ended 31 December 2025 (FY25), highlighting a strong performance. The company expects to report revenue and adjusted EBITDA slightly ahead of recently upwardly revised market expectations. Key achievements include: 1. **Financial Performance**: - Substantially improved net cash position of £11.4m (FY24: net debt of £3.2m), driven by increased profitability, reduced capex, exceptional working capital performance, and a one-off advance customer payment of £3.2m. - Healthy demand for Student Information Solutions (SIS), with key go-lives at prominent universities and significant product upgrades. - Etio, Tribals education services business, contributed improved performance due to operational efficiencies and strategic changes. 2. **Recurring Revenue Growth**: - Closing Annual Recurring Revenue (ARR) increased by 11% to £63.3m, driven by new customer wins, upgrades, and the implementation of the Higher Education Full-Service (HEFS) subscription licence. - Contracted ARR grew by 14% to £65m. 3. **Strategic Progress**: - Successful deployment of the HEFS subscription model, providing greater revenue visibility, margin resilience, and improved cash flow. - Continued momentum in SaaS transformation, with a large proportion of Higher Education customers onboarded to the subscription model, facilitating cloud migration and deeper customer engagement. 4. **Outlook**: - The Group remains committed to driving recurring revenue growth and cloud adoption, supported by a strengthened balance sheet and long-term customer relationships. - Financial pressure on the Higher Education sector is accelerating demand for Tribals cost-effective digital transformation solutions, positioning the company for sustainable growth. - The Board anticipates adjusted EBITDA and cash performance in FY26 to exceed current market expectations. **Notice of Results**: Tribal Group expects to announce its audited full-year results on 26 March 2026. **CEO Comment**: Mark Pickett highlighted FY25 as a transformational year, with improved profitability, a return to net cash, and significant progress in the SaaS strategy. The company enters FY26 in a strong position, anticipating continued momentum and performance ahead of market expectations.
**Summary**
Tribal Group PLC, a leading provider of software and services to the international education market, released a trading update for the year ended 31 December 2025 (FY25), highlighting a strong performance. The company expects to report revenue and adjusted EBITDA slightly ahead of recently upwardly revised market expectations. Key achievements include
1. **Financial Performance**
Substantially improved net cash position of £11.4m (FY24: net debt of £3.2m), driven by increased profitability, reduced capex, exceptional working capital performance, and a one-off advance customer payment of £3.2m.
Healthy demand for Student Information Solutions (SIS), with key go-lives at prominent universities and significant product upgrades.
Etio, Tribals education services business, contributed improved performance due to operational efficiencies and strategic changes.
2. **Recurring Revenue Growth**
Closing Annual Recurring Revenue (ARR) increased by 11% to £63.3m, driven by new customer wins, upgrades, and the implementation of the Higher Education Full-Service (HEFS) subscription licence.
Contracted ARR grew by 14% to £65m.
3. **Strategic Progress**
Successful deployment of the HEFS subscription model, providing greater revenue visibility, margin resilience, and improved cash flow.
Continued momentum in SaaS transformation, with a large proportion of Higher Education customers onboarded to the subscription model, facilitating cloud migration and deeper customer engagement.
4. **Outlook**
The Group remains committed to driving recurring revenue growth and cloud adoption, supported by a strengthened balance sheet and long-term customer relationships.
Financial pressure on the Higher Education sector is accelerating demand for Tribals cost-effective digital transformation solutions, positioning the company for sustainable growth.
The Board anticipates adjusted EBITDA and cash performance in FY26 to exceed current market expectations.
**Notice of Results**Tribal Group expects to announce its audited full-year results on 26 March 2026.
**CEO Comment**Mark Pickett highlighted FY25 as a transformational year, with improved profitability, a return to net cash, and significant progress in the SaaS strategy. The company enters FY26 in a strong position, anticipating continued momentum and performance ahead of market expectations.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY24FY25Change
Revenue£87.5m (implied from FY25 expectations)Slightly ahead of £90.75m (market expectation)+~3.7% (estimated)
Adjusted EBITDA£15.0m (implied from FY25 expectations)Slightly ahead of £16.5m (market expectation)+~10.0% (estimated)
Net Cash/Debt PositionNet Debt of £3.2mNet Cash of £11.4m+£14.6m (from net debt to net cash)
Closing Annual Recurring Revenue (ARR)£57.0m (constant currency)£63.3m+11%
Contracted ARR£57.0m (constant currency)£65.0m+14%
### Explanation: 1. **Revenue and Adjusted EBITDA**: FY25 figures are "slightly ahead" of market expectations for FY25 (£90.75m revenue and £16.5m adjusted EBITDA). FY24 figures are implied based on the growth and expectations provided. 2. **Net Cash/Debt Position**: FY24 had a net debt of £3.2m, while FY25 achieved a net cash position of £11.4m, marking a significant improvement. 3. **ARR and Contracted ARR**: Both metrics show year-on-year growth, with ARR increasing by 11% and Contracted ARR by 14%. This table provides a clear comparison of key financial metrics and debt position between FY24 and FY25.
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LUCE
Luceco plc
Positive
2025 Full Year Trading Update
**Summary:** Luceco PLC, a leading designer and manufacturer of residential and commercial electrification products, released its 2025 full-year trading update on January 29, 2026, highlighting a strong performance that exceeded market expectations. Key points include: 1. **Financial Performance:** - Revenue grew by 12% to £271 million, driven by a 6% like-for-like growth in the second half and a significant 85% increase in EV charging sales to £18 million. - Adjusted Operating Profit rose by 15% to at least £33.5 million, surpassing the top end of market expectations, with margins exceeding 12%. 2. **Operational Highlights:** - Strong momentum in EV charging and solid growth in wiring accessories and LED products. - Manufacturing efficiency improvements and synergies from acquisitions, including CMD production synergies and consolidation of the D-Line UK facility, are enhancing margins. 3. **Outlook for 2026:** - Positive momentum continues into 2026, supported by exposure to structural growth in the energy transition sector. - The Board has increased revenue and Adjusted Operating Profit expectations for 2026, comfortably exceeding market consensus. 4. **Financial Position:** - Strong cash flow generation of £30 million and reduced net debt to £53 million, lowering the leverage ratio to 1.3x. - Robust balance sheet provides flexibility for further investment in organic growth and M&A. 5. **CEO Commentary:** CEO John Hornby attributed the success to sustainable competitive advantages, including superior channel access, agile product innovation, and vertically integrated manufacturing. He expressed confidence in delivering profitable growth in 2026 and beyond, particularly in the energy transition sector. Overall, Luceco’s 2025 performance reflects strong growth, improved margins, and a positive outlook for 2026, supported by strategic initiatives and a solid financial position.
**Summary**
Luceco PLC, a leading designer and manufacturer of residential and commercial electrification products, released its 2025 full-year trading update on January 29, 2026, highlighting a strong performance that exceeded market expectations. Key points include
1. **Financial Performance**
Revenue grew by 12% to £271 million, driven by a 6% like-for-like growth in the second half and a significant 85% increase in EV charging sales to £18 million.
Adjusted Operating Profit rose by 15% to at least £33.5 million, surpassing the top end of market expectations, with margins exceeding 12%.
2. **Operational Highlights**
Strong momentum in EV charging and solid growth in wiring accessories and LED products.
Manufacturing efficiency improvements and synergies from acquisitions, including CMD production synergies and consolidation of the D-Line UK facility, are enhancing margins.
3. **Outlook for 2026**
Positive momentum continues into 2026, supported by exposure to structural growth in the energy transition sector.
The Board has increased revenue and Adjusted Operating Profit expectations for 2026, comfortably exceeding market consensus.
4. **Financial Position**
Strong cash flow generation of £30 million and reduced net debt to £53 million, lowering the leverage ratio to 1.3x.
Robust balance sheet provides flexibility for further investment in organic growth and M&A.
5. **CEO Commentary**
CEO John Hornby attributed the success to sustainable competitive advantages, including superior channel access, agile product innovation, and vertically integrated manufacturing. He expressed confidence in delivering profitable growth in 2026 and beyond, particularly in the energy transition sector.
Overall, Luceco’s 2025 performance reflects strong growth, improved margins, and a positive outlook for 2026, supported by strategic initiatives and a solid financial position.
Below is the HTML table code comparing the financials and debt year-on-year for Luceco PLC based on the provided text:
Metric20242025Change
Revenue (£m)242.5271.0+12%
Adjusted Operating Profit (£m)29.0≥33.5+≈15%
Adjusted Operating Profit Margin (%)12.0>12.0Improved
EV Charging Sales (£m)9.818.0+85%
Bank Net Debt (£m)68.653.0-23%
Bank Net Debt:EBITDA Leverage Ratio (x)1.61.3Improved
Adjusted Free Cash Flow (£m)Outflow30.0Reversed
### Explanation: - **Revenue**: Increased by 12% from £242.5m in 2024 to £271.0m in 2025. - **Adjusted Operating Profit**: Grew by approximately 15% from £29.0m in 2024 to at least £33.5m in 2025. - **Adjusted Operating Profit Margin**: Improved from 12.0% in 2024 to exceed 12.0% in 2025. - **EV Charging Sales**: Surged by 85% from £9.8m in 2024 to £18.0m in 2025. - **Bank Net Debt**: Decreased by 23% from £68.6m in 2024 to £53.0m in 2025. - **Leverage Ratio**: Improved from 1.6x in 2024 to 1.3x in 2025. - **Adjusted Free Cash Flow**: Reversed from an outflow in 2024 to £30.0m in 2025. This table provides a clear year-on-year comparison of key financial and debt metrics for Luceco PLC.
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III
3I Group PLC
Positive
FY2026 Q3 performance update
**Summary of 3i Group PLC FY2026 Q3 Performance Update (January 29, 2026):** 1. **Overall Performance:** - 3i Group reported strong Q3 performance, with a 20% total return for the nine months ending December 31, 2025, driven by a £766 million foreign exchange gain and robust portfolio performance. - NAV per share increased to 3,017 pence (from 2,857 pence in September 2025). 2. **Action (Key Investment):** - **Financials:** Net sales of €16 billion (+16% YoY) and operating EBITDA of €2.367 billion (+14% YoY) in the 52 weeks to December 28, 2025. - **Store Expansion:** Added a record 384 net new stores in 2025, reaching 3,302 stores across 14 countries. - **LFL Growth:** 4.9% in 2025 (vs. 10.3% in 2024), impacted by cautious consumer behavior in France. Recovery seen in January 2026 with 6.1% LFL growth. - **Capital Restructuring:** Received £944 million from Action’s refinancing, reinvested £755 million to increase stake to 62.3%. Received £246 million dividend from Action. - **Valuation:** Action valued at £22.382 billion (3i’s 62.3% stake). 3. **Portfolio Highlights:** - **Royal Sanders:** Strong performance with further investment of £56 million and acquisition of Vendoleo. - **Audley Travel:** Sustained strong year-on-year performance. - **MAIT Disposal:** Realized £147 million, a 34% uplift on March 2025 valuation. - **3i Infrastructure (3iN):** Share price increased 3% in Q3; 3i recognized £18 million dividend. 4. **Financial Position:** - Strong balance sheet with £995 million in gross cash and 1% gearing as of December 31, 2025. - Completed £825 million in investments and £1.112 billion in realizations in Q3. 5. **Future Outlook:** - Positive start to Q4 FY2026, with expectations of another strong year of compounding growth. - Agreement with GIC to increase Action stake to 65.3% in exchange for £1 billion in 3i shares. 6. **Audit Update:** - Ernst & Young LLP appointed as external auditor from FY2028, subject to shareholder approval. **Key Takeaways:** 3i Group delivered strong Q3 performance, driven by Action’s growth and strategic portfolio management. The company maintains a robust financial position and is poised for continued growth in FY2026.
**Summary of 3i Group PLC FY2026 Q3 Performance Update (January 29, 2026):**
1. **Overall Performance**
3i Group reported strong Q3 performance, with a 20% total return for the nine months ending December 31, 2025, driven by a £766 million foreign exchange gain and robust portfolio performance.
NAV per share increased to 3017 pence (from 2857 pence in September 2025).
2. **Action (Key Investment)**
**Financials** Net sales of €16 billion (+16% YoY) and operating EBITDA of €2.367 billion (+14% YoY) in the 52 weeks to December 28, 2025.
**Store Expansion** Added a record 384 net new stores in 2025, reaching 3,302 stores across 14 countries.
**LFL Growth** 4.9% in 2025 (vs. 10.3% in 2024), impacted by cautious consumer behavior in France. Recovery seen in January 2026 with 6.1% LFL growth.
**Capital Restructuring** Received £944 million from Action’s refinancing, reinvested £755 million to increase stake to 62.3%. Received £246 million dividend from Action.
**Valuation** Action valued at £22.382 billion (3i’s 62.3% stake).
3. **Portfolio Highlights**
**Royal Sanders** Strong performance with further investment of £56 million and acquisition of Vendoleo.
**Audley Travel** Sustained strong year-on-year performance.
**MAIT Disposal** Realized £147 million, a 34% uplift on March 2025 valuation.
**3i Infrastructure (3iN)** Share price increased 3% in Q3
3i recognized £18 million dividend.
4. **Financial Position**
Strong balance sheet with £995 million in gross cash and 1% gearing as of December 31, 2025.
Completed £825 million in investments and £1.112 billion in realizations in Q3.
5. **Future Outlook**
Positive start to Q4 FY2026, with expectations of another strong year of compounding growth.
Agreement with GIC to increase Action stake to 65.3% in exchange for £1 billion in 3i shares.
6. **Audit Update**
Ernst & Young LLP appointed as external auditor from FY2028, subject to shareholder approval.
**Key Takeaways**
3i Group delivered strong Q3 performance, driven by Action’s growth and strategic portfolio management. The company maintains a robust financial position and is poised for continued growth in FY2026.
Below is an HTML table comparing the financials and debt year on year for 3i Group PLC based on the provided text:
Metric2024 (FY2025 Q3)2025 (FY2026 Q3)Change
Action Net Sales (€m)13,78116,000+16%
Action Operating EBITDA (€m)2,0762,367+14%
Action LFL Sales Growth10.3%4.9%-5.4%
Action Net New Stores Added352384+32
Action Net Debt to EBITDA Ratio2.4x2.8x+0.4x
3i Group Cash (£m)439995+556
3i Group Gearing3%1%-2%
3i Group NAV per Share (pence)2,8573,017+160
Private Equity Portfolio Leverage (excl. Action)3.5x3.6x+0.1x
Total Investment (£m)7321,557+825
Total Realised Proceeds (£m)3911,503+1,112
### Key Highlights: 1. **Action Performance**: Net sales and operating EBITDA increased by 16% and 14%, respectively, year on year. However, LFL sales growth slowed from 10.3% to 4.9%. 2. **Debt Metrics**: Action's net debt to EBITDA ratio increased from 2.4x to 2.8x, while 3i Group's gearing decreased from 3% to 1%. 3. **3i Group Financials**: Cash position strengthened significantly from £439 million to £995 million, and NAV per share increased by 160 pence. 4. **Investment and Realisation**: Total investment and realised proceeds increased substantially, driven by reinvestment in Action and the realisation from MAIT and Yanga. This table provides a concise comparison of key financial and debt metrics between the two periods.
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PPET
Patria Private Equity Trust
Positive
Annual Financial Report
Patria Private Equity Trust plc (PPET) has released its annual financial report for the year ended September 30, 2025, highlighting strong performance and strategic progress. Heres a summary of the key points: **Financial Performance:** - PPET achieved a NAV Total Return (NAV TR) of 10.6%, marking its 16th consecutive year of positive NAV TR growth. - Share price total return was 7%, while the portfolio return in constant currency was 8.0%. - The company made 21 new investments totaling £300.1 million and realized £180.2 million from investments. **Portfolio and Strategy:** - PPET focuses on the European mid-market private equity, targeting long-term total returns through capital growth and dividends. - The portfolio consists of over 600 private companies, offering daily liquidity, quarterly dividends, and no performance fees. - The company partners with leading private equity managers, investing in their funds and directly alongside them. **Key Metrics:** - NAV per share increased to 845.5p from 780.1p in the previous year. - Portfolio value grew to £1,371.1 million from £1,177.1 million. - Outstanding commitments were £759.3 million, with an over-commitment ratio of 33.8%. **Board and Management:** - The Board conducted share buybacks, purchasing 5.5 million shares, adding 8.5 pence to NAV per share. - Alan Devine, the Chairman, announced his retirement, with Duncan Budge succeeding him. - The company renewed its marketing focus on the retail segment and conducted an inaugural perception study. **Investment Activity:** - PPET made new commitments of £300.1 million across primary funds, fund secondaries, and direct investments. - The company completed its first full exit from a direct investment, selling Mademoiselle Desserts to Emmi Group. - PPET also achieved a partial realization of its direct investment in European Camping Group. **Outlook:** - The company expects a recovery in the private equity exit market, particularly for its mature investments. - PPET aims to increase direct investments to 30-35% of its portfolio and continue its secondary investment strategy. - The Board remains focused on marketing and shareholder engagement to attract new investors. **Financial Highlights:** - Net assets increased to £1,256.7 million from £1,192.1 million. - Total dividends paid were £26.3 million, with a dividend yield of 2.8%. - The ongoing charges ratio was 1.08%, slightly up from 1.06% in the previous year. In summary, PPET demonstrated strong financial performance, strategic progress, and a commitment to delivering value to shareholders through its European mid-market private equity focus. The companys diversified portfolio, experienced management, and strategic initiatives position it well for continued growth and success.
Patria Private Equity Trust plc (PPET) has released its annual financial report for the year ended September 30, 2025, highlighting strong performance and strategic progress. Heres a summary of the key points
**Financial Performance**
PPET achieved a NAV Total Return (NAV TR) of 10.6%, marking its 16th consecutive year of positive NAV TR growth.
Share price total return was 7%, while the portfolio return in constant currency was 8.0%.
The company made 21 new investments totaling £300.1 million and realized £180.2 million from investments.
**Portfolio and Strategy**
PPET focuses on the European mid-market private equity, targeting long-term total returns through capital growth and dividends.
The portfolio consists of over 600 private companies, offering daily liquidity, quarterly dividends, and no performance fees.
The company partners with leading private equity managers, investing in their funds and directly alongside them.
**Key Metrics**
NAV per share increased to 845.5p from 780.1p in the previous year.
Portfolio value grew to £1371.1 million from £1177.1 million.
Outstanding commitments were £759.3 million, with an over-commitment ratio of 33.8%.
**Board and Management**
The Board conducted share buybackspurchasing 5.5 million sharesadding 8.5 pence to NAV per share.
Alan Devinethe Chairmanannounced his retirementwith Duncan Budge succeeding him.
The company renewed its marketing focus on the retail segment and conducted an inaugural perception study.
**Investment Activity**
PPET made new commitments of £300.1 million across primary funds, fund secondaries, and direct investments.
The company completed its first full exit from a direct investment, selling Mademoiselle Desserts to Emmi Group.
PPET also achieved a partial realization of its direct investment in European Camping Group.
**Outlook**
The company expects a recovery in the private equity exit market, particularly for its mature investments.
PPET aims to increase direct investments to 30-35% of its portfolio and continue its secondary investment strategy.
The Board remains focused on marketing and shareholder engagement to attract new investors.
**Financial Highlights**
Net assets increased to £1256.7 million from £1192.1 million.
Total dividends paid were £26.3 million, with a dividend yield of 2.8%.
The ongoing charges ratio was 1.08%, slightly up from 1.06% in the previous year.
In summary, PPET demonstrated strong financial performance, strategic progress, and a commitment to delivering value to shareholders through its European mid-market private equity focus. The companys diversified portfolio, experienced management, and strategic initiatives position it well for continued growth and success.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
NAV per share (p)780.1845.5+8.4%
Portfolio Return (in Constant Currency)8.8%8.0%-9.1%
Total Dividend Per Share (Annualised) (p)16.817.6+4.8%
Share Price Discount to NAV31.4%34.4%+9.6%
Net Assets (£m)1,192.11,256.7+5.4%
Ongoing Charges Ratio (OCR)1.06%1.08%+1.9%
Gearing11.8%18.1%+53.4%
Over-commitment Ratio28.5%33.8%+18.6%
Debt Drawn (£m)140.6227.4+61.7%
**Key Observations:** - **NAV per share** increased by 8.4%, indicating growth in the company's net asset value. - **Portfolio Return** decreased slightly from 8.8% to 8.0%, possibly due to market conditions or investment strategy changes. - **Dividend Per Share** increased by 4.8%, reflecting the company's commitment to returning value to shareholders. - **Share Price Discount to NAV** widened from 31.4% to 34.4%, suggesting the market is valuing the company at a greater discount to its net asset value. - **Net Assets** grew by 5.4%, indicating overall growth in the company's assets. - **Gearing** increased significantly from 11.8% to 18.1%, indicating higher leverage and potentially higher risk. - **Over-commitment Ratio** also increased, reflecting higher outstanding commitments relative to liquid resources. - **Debt Drawn** increased by 61.7%, indicating higher utilization of the company's credit facilities. These changes highlight the company's growth in assets and shareholder returns, but also increased leverage and potential risks associated with higher debt levels and over-commitments.
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GNC
Greencore Group
Positive
Q1 Trading Update
**Greencore Group PLC Q1 Trading Update Summary (January 29, 2026)** Greencore Group PLC, the UKs leading convenience food manufacturer, reported strong performance in its first quarter (Q1) ended December 26, 2025. Key highlights include: 1. **Financial Performance**: - Revenue grew by 5.4% to £499.8 million, driven by a 3.7% price and inflation recovery impact. - Volume growth outpaced the wider grocery market, with manufactured volumes up 0.5% compared to the market’s 0.2%. - Premium ranges, particularly sandwiches and sushi, saw double-digit volume growth. 2. **Operational Excellence**: - Launched 129 new products, including festive innovations like mince pie brioche wraps and festive cheeseboard quiches. - Achieved >99% service levels during the busy Christmas period. - Over 700 operational excellence projects are underway to drive efficiency and cost management. 3. **Bakkavor Acquisition**: - Completed the acquisition of Bakkavor Group plc on January 16, 2026, creating the UK’s leading convenience food manufacturer. - Integration plans are progressing, with a focus on realizing at least £80 million in annual cost synergies. - The combined business aims to enhance innovation, scale, and efficiency for customers and stakeholders. 4. **Outlook**: - The enlarged business is trading in line with expectations, despite ongoing monitoring of the uncertain UK consumer environment. - Structural tailwinds in convenience food categories remain encouraging. - Focus on executing integration plans and delivering benefits from the Bakkavor acquisition. - H1 results will be announced on May 27, 2026, providing the first combined financial update. CEO Dalton Philips emphasized the strong Q1 performance, the strategic significance of the Bakkavor acquisition, and the Group’s commitment to driving value for customers, shareholders, and stakeholders. **Forward-Looking Statements**: The update includes forward-looking statements subject to risks and uncertainties, with no obligation to update unless required by law. **About Greencore**: Headquartered in Dublin, Greencore supplies major UK and US retailers with approximately 3,200 convenience food products, generating £4 billion in revenue in FY25 and employing 28,000 people.
**Greencore Group PLC Q1 Trading Update Summary (January 29, 2026)**
Greencore Group PLC, the UKs leading convenience food manufacturer, reported strong performance in its first quarter (Q1) ended December 26, 2025. Key highlights include
1. **Financial Performance**
Revenue grew by 5.4% to £499.8 million, driven by a 3.7% price and inflation recovery impact.
Volume growth outpaced the wider grocery market, with manufactured volumes up 0.5% compared to the market’s 0.2%.
Premium rangesparticularly sandwiches and sushisaw double-digit volume growth.
2. **Operational Excellence**
Launched 129 new products, including festive innovations like mince pie brioche wraps and festive cheeseboard quiches.
Achieved >99% service levels during the busy Christmas period.
Over 700 operational excellence projects are underway to drive efficiency and cost management.
3. **Bakkavor Acquisition**
Completed the acquisition of Bakkavor Group plc on January 16, 2026, creating the UK’s leading convenience food manufacturer.
Integration plans are progressing, with a focus on realizing at least £80 million in annual cost synergies.
The combined business aims to enhance innovation, scale, and efficiency for customers and stakeholders.
4. **Outlook**
The enlarged business is trading in line with expectations, despite ongoing monitoring of the uncertain UK consumer environment.
Structural tailwinds in convenience food categories remain encouraging.
Focus on executing integration plans and delivering benefits from the Bakkavor acquisition.
H1 results will be announced on May 27, 2026, providing the first combined financial update.
CEO Dalton Philips emphasized the strong Q1 performance, the strategic significance of the Bakkavor acquisition, and the Group’s commitment to driving value for customers, shareholders, and stakeholders.
**Forward-Looking Statements**The update includes forward-looking statements subject to risks and uncertainties, with no obligation to update unless required by law.
**About Greencore**Headquartered in Dublin, Greencore supplies major UK and US retailers with approximately 3,200 convenience food products, generating £4 billion in revenue in FY25 and employing 28,000 people.
The provided text does not contain specific financial or debt figures for a year-on-year comparison. However, I can create a general HTML table structure based on the information available, focusing on the key financial and operational metrics mentioned in the trading update. If you have specific financial or debt figures from previous years, please provide them, and I can update the table accordingly. Here’s a basic HTML table structure based on the available information: < lang="en">Greencore Group PLC Financials and Debt Comparison

Greencore Group PLC Financials and Debt Comparison (Q1 FY25 vs Q1 FY26)

MetricQ1 FY25Q1 FY26Change
Revenue£474.2m (implied)£499.8m+5.4%
Volume Growth (Manufactured)N/A+0.5%N/A
Grocery Market Volume GrowthN/A+0.2%N/A
New Products LaunchedN/A129N/A
Service LevelN/A>99%N/A
Expected Annual Cost Synergies (Post Bakkavor Acquisition)N/A£80mN/A
Debt (if available)N/AN/AN/A

Note: The revenue figure for Q1 FY25 is implied based on the 5.4% growth mentioned in the text. Actual figures for Q1 FY25 are not provided.

### Explanation: - **Revenue**: The Q1 FY25 revenue is implied based on the 5.4% growth mentioned in the text. The actual Q1 FY25 revenue is not provided, so it’s marked as "implied." - **Volume Growth**: Only Q1 FY26 figures are available for manufactured volume growth and grocery market volume growth. - **New Products Launched**: Only Q1 FY26 figures are available. - **Service Level**: Only Q1 FY26 figures are available. - **Expected Annual Cost Synergies**: This is related to the Bakkavor acquisition, which occurred in FY26. - **Debt**: No debt figures are provided in the text, so the table reflects "N/A." If you have specific figures for Q1 FY25 or debt details, please provide them, and I can update the table accordingly.
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FEVR
Fevertree Drinks Plc
Positive
Pre-close trading update
**Summary:** Fever-Tree Drinks plc, the leading global supplier of premium carbonated mixers, released a pre-close trading update for the year ended 31 December 2025, reporting financial performance marginally ahead of market expectations. The company achieved adjusted revenue of £375.3 million and adjusted EBITDA slightly <mark style="background-color:yellow">above</mark> consensus, driven by strong momentum in the second half of 2025. Key highlights include: 1. **Revenue Growth**: - **US**: +6% (constant currency), supported by successful integration into Molson Coors distribution network and increased marketing investment. - **UK**: -2%, with improved performance in H2 due to strong Off-Trade sales and growth in premium soft drinks. - **Europe**: +2%, led by France and Benelux. - **Rest of World (ROW)**: +22%, with notable growth in Australia, New Zealand, and Canada. 2. **Strategic Progress**: - Expansion beyond tonic to premium soft drinks, aligning with consumer trends toward moderation and premiumisation. - Strong innovation pipeline and marketing campaigns to drive future growth. 3. **Share Buyback**: - Completed a £100m share buyback in 2025, with an additional £30m tranche starting in February 2026. 4. **Outlook**: - Confident in meeting 2026 market expectations, with continued growth opportunities in the US and globally. CEO Tim Warrillow emphasized the company’s strategic progress, particularly in the US, and its unique position to capitalize on consumer trends. Fever-Tree remains focused on driving strong growth in 2026 and beyond. Preliminary results will be announced on 24 March 2026.
**Summary**
Fever-Tree Drinks plc, the leading global supplier of premium carbonated mixers, released a pre-close trading update for the year ended 31 December 2025, reporting financial performance marginally ahead of market expectations. The company achieved adjusted revenue of £375.3 million and adjusted EBITDA slightly <mark style="background-color:yellow">above</mark> consensus, driven by strong momentum in the second half of 2025. Key highlights include
1. **Revenue Growth**
**US**+6% (constant currency), supported by successful integration into Molson Coors distribution network and increased marketing investment.
**UK**-2%, with improved performance in H2 due to strong Off-Trade sales and growth in premium soft drinks.
**Europe**: +2%led by France and Benelux.
**Rest of World (ROW)**: +22%with notable growth in AustraliaNew Zealandand Canada.
2. **Strategic Progress**
Expansion beyond tonic to premium soft drinks, aligning with consumer trends toward moderation and premiumisation.
Strong innovation pipeline and marketing campaigns to drive future growth.
3. **Share Buyback**
Completed a £100m share buyback in 2025, with an additional £30m tranche starting in February 2026.
4. **Outlook**
Confident in meeting 2026 market expectations, with continued growth opportunities in the US and globally.
CEO Tim Warrillow emphasized the company’s strategic progress, particularly in the US, and its unique position to capitalize on consumer trends. Fever-Tree remains focused on driving strong growth in 2026 and beyond. Preliminary results will be announced on 24 March 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since debt information is not explicitly mentioned in the text, the table focuses on revenue comparisons. < lang="en">Fevertree Drinks PLC Financials Comparison

Fevertree Drinks PLC Financials Comparison (FY24 vs FY25)

RegionFY24 (£m)FY25 (£m)% Change% Change (Constant Currency)
US128.0131.93%6%
UK111.1108.4(2%)(2%)
Europe92.794.72%2%
ROW32.237.717%22%
Total Adjusted Fever-Tree Revenue364.0372.72%4%
GDP Brand Revenue4.52.6(42%)(43%)
Total Adjusted Revenue368.5375.32%3%
### Key Features: 1. **Responsive Design**: The table is styled to be responsive and easy to read. 2. **Highlighting**: Total revenue rows are highlighted for emphasis. 3. **Clear Comparison**: Columns for FY24, FY25, and percentage changes (both reported and constant currency) are included. Since debt information is not provided in the text, it is not included in the table. If debt data becomes available, it can be added as a separate section or column.
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CDGP
Chapel Down Group Plc
Positive
Unaudited Trading Statement period ended 31/12/25
**Chapel Down Group PLC Unaudited Trading Statement for FY25 (Ended 31 December 2025)** **Summary:** Chapel Down Group PLC, Englands leading winemaker, reported strong financial and operational performance for FY25, exceeding market expectations. Key highlights include: 1. **Financial Performance:** - **Net Sales Revenue (NSR):** £19.4m, up 19% YoY, slightly ahead of guidance, driven by 22% growth in wine-related sales. - **Adjusted EBITDA:** Expected range of £4.0m - £4.5m, ahead of market expectations (£3.5m), due to improved profitability and higher Fair Value adjustment to Biological Produce from an <mark style="background-color:yellow">above</mark>-average harvest yield. - **Channel Growth:** Strong performance across Off-trade (+38%), International (+49%), On-trade (+5%), and Ecommerce (+3%). International growth was boosted by a new US distribution agreement with Jackson Family Wines. - **Net Debt:** Increased to £12.4m (FY24: £9.2m) due to investments in new vineyards and maturing stock, supporting future growth. 2. **Operational Highlights:** - Dispatched over 1 million bottles of Traditional Method Sparkling (TMS) wines for the first time, aligning with the goal to capture 1% of the global Champagne market by 2035. - Extended market leadership with 36% share of the UK off-trade (FY24: 35%) and 16% Retail Sales Value growth, outpacing the English Sparkling Wine category (+12%). - 2025 harvest yielded high-quality grapes, supporting future production and profitability. 3. **Brand and Strategy:** - Brand awareness increased to 49% (FY24: 42%), reinforcing Chapel Down as the leading English wine brand. - Premiumisation strategy advanced, with TMS wines accounting for 74% of wine-related NSR (FY24: 70%). 4. **Outlook:** - Strong momentum expected to continue into FY26, with increased marketing investment to drive brand value and market share. - Focus on sustainable growth, disciplined capital management, and strategic expansion. **CEO Comment:** James Pennefather highlighted exceptional topline growth, brand leadership, and progress toward medium-term profitable growth. He noted a generational shift toward English Sparkling Wine, particularly among Millennials, and emphasized increased marketing investment in FY26 to capitalize on this trend. **About Chapel Down:** Chapel Down is Englands largest winemaker, with over 1,000 acres of vineyards, producing award-winning sparkling and still wines. Listed on AIM, the company is committed to sustainability and has partnerships with major sporting and cultural events. **Contacts:** Key contacts include Chapel Downs CEO and CFO, as well as representatives from Singer Capital Markets (Nominated Adviser and Broker) and H/Advisors Maitland (PR). **Disclaimer:** The announcement contains inside information under UK MAR, and RNS terms and conditions apply.
**Chapel Down Group PLC Unaudited Trading Statement for FY25 (Ended 31 December 2025)**
**Summary**
Chapel Down Group PLC, Englands leading winemaker, reported strong financial and operational performance for FY25, exceeding market expectations. Key highlights include
1. **Financial Performance**
**Net Sales Revenue (NSR)** £19.4m, up 19% YoY, slightly ahead of guidance, driven by 22% growth in wine-related sales.
**Adjusted EBITDA** Expected range of £4.0m - £4.5m, ahead of market expectations (£3.5m), due to improved profitability and higher Fair Value adjustment to Biological Produce from an <mark style="background-color:yellow">above</mark>-average harvest yield.
**Channel Growth** Strong performance across Off-trade (+38%), International (+49%), On-trade (+5%), and Ecommerce (+3%). International growth was boosted by a new US distribution agreement with Jackson Family Wines.
**Net Debt** Increased to £12.4m (FY24: £9.2m) due to investments in new vineyards and maturing stock, supporting future growth.
2. **Operational Highlights**
Dispatched over 1 million bottles of Traditional Method Sparkling (TMS) wines for the first time, aligning with the goal to capture 1% of the global Champagne market by 2035.
Extended market leadership with 36% share of the UK off-trade (FY24: 35%) and 16% Retail Sales Value growth, outpacing the English Sparkling Wine category (+12%).
2025 harvest yielded high-quality grapes, supporting future production and profitability.
3. **Brand and Strategy**
Brand awareness increased to 49% (FY2442%), reinforcing Chapel Down as the leading English wine brand.
Premiumisation strategy advanced, with TMS wines accounting for 74% of wine-related NSR (FY24: 70%).
4. **Outlook**
Strong momentum expected to continue into FY26, with increased marketing investment to drive brand value and market share.
Focus on sustainable growthdisciplined capital managementand strategic expansion.
**CEO Comment**
James Pennefather highlighted exceptional topline growth, brand leadership, and progress toward medium-term profitable growth. He noted a generational shift toward English Sparkling Wine, particularly among Millennials, and emphasized increased marketing investment in FY26 to capitalize on this trend.
**About Chapel Down**
Chapel Down is Englands largest winemaker, with over 1,000 acres of vineyards, producing award-winning sparkling and still wines. Listed on AIM, the company is committed to sustainability and has partnerships with major sporting and cultural events.
**Contacts**
Key contacts include Chapel Downs CEO and CFO, as well as representatives from Singer Capital Markets (Nominated Adviser and Broker) and H/Advisors Maitland (PR).
**Disclaimer**
The announcement contains inside information under UK MAR, and RNS terms and conditions apply.
Below is the HTML table code comparing the financials and debt year on year for Chapel Down Group PLC: < lang="en">Chapel Down Group PLC Financials Comparison

Chapel Down Group PLC Financials and Debt Comparison (FY25 vs FY24)

MetricFY25 (£'000)FY24 (£'000)Change (%)
Net Sales Revenue19,44316,351+19%
Off-trade9,3716,790+38%
On-trade2,5752,460+5%
International1,018684+49%
Ecommerce3,8603,755+3%
Retail, Tours & Events2,2162,241-1%
Other Sales and Income403421-4%
Net Debt12,4009,200+35%
Adjusted EBITDA Range (£'000)4,000 - 4,5003,500 (expected)Ahead of expectations
### Key Highlights: 1. **Net Sales Revenue**: Increased by **19%** to **£19.4m** in FY25 from £16.35m in FY24. 2. **Net Debt**: Rose by **35%** to **£12.4m** in FY25 from £9.2m in FY24, primarily due to cultivation costs and increased maturing stock levels. 3. **Adjusted EBITDA**: Expected to be in the range of **£4.0m - £4.5m**, ahead of the previous expectation of £3.5m. This table provides a clear comparison of key financial metrics and debt levels between FY25 and FY24 for Chapel Down Group PLC.
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SAAS
Microlise Group PLC
Positive
Full Year 2025 Trading Update & Notice of Results
**Microlise Group PLC Full Year 2025 Trading Update & Notice of Results Summary:** Microlise Group PLC, a leading provider of transport management software, released its unaudited trading update for FY2025, highlighting steady growth and strategic advancements. **Financial Highlights:** * **Revenue:** Total revenue is expected to be £84.0 million, in line with revised market expectations and representing a 3.7% increase from FY2024. * **Recurring Revenue:** Grew by 7.5% to £58.8 million, driven by a strong 16% year-on-year increase from direct customers. * **Non-recurring Revenue:** Declined by 4.3% to £25.2 million due to lower hardware volumes from Global OEM customers and delayed implementation revenues. * **Adjusted EBITDA:** Expected to be £8.3 million, in line with market expectations, with a margin of approximately 10%. * **Net Cash:** Increased to £16.7 million, exceeding expectations, due to strong cash collection and a large contract renewal. **Operational Highlights:** * **Cost Savings:** Successfully implemented £5 million in annualized cost savings through efficiency measures announced in November 2025. * **Customer Growth:** Added 417 new customers across key markets, with churn remaining low at 1.4%. * **Product Adoption:** Strong uptake of the Microlise Transport Management Solutions (TMS) module by new and existing customers. * **Technology Integration:** Enhanced Microlise One platform with API integrations for third-party data, including vehicle refrigeration OEMs. * **Leadership Change:** Appointed Dean Garvey-North as Chief Technology Officer, succeeding Duncan McCreadie. **Future Outlook:** * **Microlise Transport Conference:** Scheduled for May 12, 2026, in Manchester, focusing on industry challenges and Microlises technology solutions. * **FY2026:** Expects revenues from Global OEM customers to be below FY2025 levels but remains confident in profitability, cash generation, and ARR growth. **CEO Comment:** Nadeem Raza, CEO, expressed satisfaction with the direct business momentum and highlighted investments in go-to-market teams and data center migration. He emphasized Microlises strong position for future growth with a streamlined cost base, scalable platform, and expanding market opportunities. **Notice of Results:** Final results for FY2025 will be announced in mid-April 2026.
**Microlise Group PLC Full Year 2025 Trading Update & Notice of Results Summary:**
Microlise Group PLC, a leading provider of transport management software, released its unaudited trading update for FY2025, highlighting steady growth and strategic advancements.
**Financial Highlights**
* **Revenue** Total revenue is expected to be £84.0 million, in line with revised market expectations and representing a 3.7% increase from FY2024.
* **Recurring Revenue** Grew by 7.5% to £58.8 million, driven by a strong 16% year-on-year increase from direct customers.
* **Non-recurring Revenue** Declined by 4.3% to £25.2 million due to lower hardware volumes from Global OEM customers and delayed implementation revenues.
* **Adjusted EBITDA** Expected to be £8.3 million, in line with market expectations, with a margin of approximately 10%.
* **Net Cash** Increased to £16.7 million, exceeding expectations, due to strong cash collection and a large contract renewal.
**Operational Highlights**
* **Cost Savings** Successfully implemented £5 million in annualized cost savings through efficiency measures announced in November 2025.
* **Customer Growth** Added 417 new customers across key markets, with churn remaining low at 1.4%.
* **Product Adoption** Strong uptake of the Microlise Transport Management Solutions (TMS) module by new and existing customers.
* **Technology Integration** Enhanced Microlise One platform with API integrations for third-party data, including vehicle refrigeration OEMs.
* **Leadership Change** Appointed Dean Garvey-North as Chief Technology Officer, succeeding Duncan McCreadie.
**Future Outlook**
* **Microlise Transport Conference** Scheduled for May 12, 2026, in Manchester, focusing on industry challenges and Microlises technology solutions.
* **FY2026** Expects revenues from Global OEM customers to be below FY2025 levels but remains confident in profitability, cash generation, and ARR growth.
**CEO Comment**
Nadeem Raza, CEO, expressed satisfaction with the direct business momentum and highlighted investments in go-to-market teams and data center migration. He emphasized Microlises strong position for future growth with a streamlined cost base, scalable platform, and expanding market opportunities.
**Notice of Results** Final results for FY2025 will be announced in mid-April 2026.
Below is the HTML table code comparing the financials and debt (net cash) year-on-year for Microlise Group PLC based on the provided text:
MetricFY 2024FY 2025Change
Total Group Revenue£81.0m£84.0m+3.7%
Annual Recurring Revenue (ARR)£56.6m£59.1m+4.6%
Recurring RevenueN/A£58.8m+7.5% (underlying growth from direct customers: +16%)
Non-Recurring Revenue£26.3m£25.2m-4.3%
Adjusted EBITDA£11.3m (margin: 14%)£8.3m (margin: ~10%)-26.5%
Net Cash£11.4m£16.7m+46.5%
New Customers Added375417+11.2%
Churn Rate0.7%1.4%+100% (doubled)
### Notes: 1. **Net Cash**: The text refers to "net cash" rather than debt, so the comparison is made on that basis. 2. **Recurring Revenue**: The underlying growth from direct customers is highlighted separately as it is a key metric mentioned in the text. 3. **Adjusted EBITDA**: The FY 2024 margin is calculated based on the provided revenue and adjusted EBITDA figures. 4. **Churn Rate**: The increase in churn rate is noted as a percentage change from the previous year. This table provides a clear year-on-year comparison of key financial and operational metrics for Microlise Group PLC.
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80 Positive
TGR
Tirupati Graphite plc
Positive
Approval of CLN Amendments
**Summary:** Tirupati Graphite plc (TGR.L), a specialist flake graphite company, announced on January 29, 2026, that proposed amendments to its existing Convertible Loan Notes (CLNs) have been approved by the required majorities of noteholders. These amendments, initially disclosed on December 10, 2025, modify terms such as final maturity dates and conversion prices for the 2019, 2022, and 2025 (Series 1 and Series 2) CLN issues. The approval satisfies a key condition for the closing of the Placing of new ordinary shares, also announced on December 10, 2025. Tirupati Graphite is a critical mineral supplier for the global energy transition. Contact details for enquiries are provided, and the information is disseminated via RNS, the London Stock Exchanges news service.
**Summary**
Tirupati Graphite plc (TGR.L), a specialist flake graphite company, announced on January 29, 2026, that proposed amendments to its existing Convertible Loan Notes (CLNs) have been approved by the required majorities of noteholders. These amendments, initially disclosed on December 10, 2025, modify terms such as final maturity dates and conversion prices for the 2019, 2022, and 2025 (Series 1 and Series 2) CLN issues. The approval satisfies a key condition for the closing of the Placing of new ordinary shares, also announced on December 10, 2025. Tirupati Graphite is a critical mineral supplier for the global energy transition. Contact details for enquiries are provided, and the information is disseminated via RNS, the London Stock Exchanges news service.
Approvals
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EMR
Empresaria Group plc
Positive
Trading Update and Notice of Results
**Summary:** Empresaria Group PLC, an international specialist staffing group, released a trading update for the financial year ended 31 December 2025, ahead of its full-year results announcement on 24 April 2026. Despite challenging market conditions, the company expects its adjusted profit before tax (PBT) to be slightly ahead of market expectations. Key highlights include: 1. **Financial Performance**: - Net fee income remained unchanged on a constant currency like-for-like (CC LFL) basis, though reported figures decreased by 6% to £47.3 million. - Strong growth in Offshore Services (16% CC LFL) and the US (23% CC LFL), offset by declines in other regions. - Temporary and contract net fee income fell by 4% CC LFL, while permanent placements saw a 9% reduction. 2. **Regional Breakdown**: - UK net fee income declined by 11% to £3.9 million. - US net fee income grew by 17% (23% CC LFL) to £2.7 million. - Offshore Services increased by 9% (16% CC LFL) to £13.8 million. - Non-Core operations (previously earmarked for disposal) saw an 8% CC LFL decline. 3. **Financing**: - Net debt (excluding lease liabilities) rose to £17.1 million, in line with expectations. - Headroom of £5.4 million was maintained at year-end. - No final dividend will be recommended due to the challenging trading environment and increased debt. 4. **Management Commentary**: Chair Joost Kreulen acknowledged persistent market challenges but expressed satisfaction with the adjusted PBT performance. He highlighted progress in stabilizing financial control and operations, emphasizing the Group’s commitment to positioning itself for future market recovery. The update underscores Empresaria’s resilience in a difficult trading environment, with strategic focus on operational stability and readiness for market improvement.
**Summary**
Empresaria Group PLC, an international specialist staffing group, released a trading update for the financial year ended 31 December 2025, ahead of its full-year results announcement on 24 April 2026. Despite challenging market conditions, the company expects its adjusted profit before tax (PBT) to be slightly ahead of market expectations. Key highlights include
1. **Financial Performance**
Net fee income remained unchanged on a constant currency like-for-like (CC LFL) basis, though reported figures decreased by 6% to £47.3 million.
Strong growth in Offshore Services (16% CC LFL) and the US (23% CC LFL), offset by declines in other regions.
Temporary and contract net fee income fell by 4% CC LFL, while permanent placements saw a 9% reduction.
2. **Regional Breakdown**
UK net fee income declined by 11% to £3.9 million.
US net fee income grew by 17% (23% CC LFL) to £2.7 million.
Offshore Services increased by 9% (16% CC LFL) to £13.8 million.
Non-Core operations (previously earmarked for disposal) saw an 8% CC LFL decline.
3. **Financing**
Net debt (excluding lease liabilities) rose to £17.1 million, in line with expectations.
Headroom of £5.4 million was maintained at year-end.
No final dividend will be recommended due to the challenging trading environment and increased debt.
4. **Management Commentary**
Chair Joost Kreulen acknowledged persistent market challenges but expressed satisfaction with the adjusted PBT performance. He highlighted progress in stabilizing financial control and operations, emphasizing the Group’s commitment to positioning itself for future market recovery.
The update underscores Empresaria’s resilience in a difficult trading environment, with strategic focus on operational stability and readiness for market improvement.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">Empresaria Group PLC Financials and Debt Comparison

Empresaria Group PLC Financials and Debt Comparison (2024 vs 2025)

Metric2024 (£m)2025 (£m)% Change% Change (CC LFL)
Net Fee Income50.447.3-6%0%
UK4.43.9-11%-11%
US2.32.717%23%
Offshore Services12.713.89%16%
Non-Core32.227.9-13%-8%
Central and Intragroup-1.2-1.0N/AN/A
Net Debt (excl. lease liabilities)15.317.112%N/A
Headroom (excl. invoice financing)N/A5.4N/AN/A
Final Dividend£nil£nilN/AN/A
### Key Notes: 1. **Net Fee Income**: Reported figure decreased by 6%, but remained unchanged on a Constant Currency Like-for-Like (CC LFL) basis. 2. **Regional Performance**: - **UK**: Down 11% (CC LFL). - **US**: Up 23% (CC LFL). - **Offshore Services**: Up 16% (CC LFL). - **Non-Core**: Down 8% (CC LFL). 3. **Net Debt**: Increased by 12% from £15.3m in 2024 to £17.1m in 2025. 4. **Headroom**: £5.4m at the end of 2025 (excluding invoice financing facilities). 5. **Dividend**: No final dividend recommended for both years. This table provides a clear comparison of key financials and debt metrics between 2024 and 2025.
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HVO
hVIVO plc
Positive
Trading Update
**Summary:** hVIVO plc, a full-service early-phase Contract Research Organisation (CRO) and leader in human challenge clinical trials, released a trading update for FY25 (year ended 31 December 2025). Key highlights include: 1. **Financial Performance**: - Revenue of approximately £46.7 million, in line with expectations (FY24: £62.7 million). - Positive low single-digit adjusted EBITDA margin, exceeding guidance (FY24: 26.2%). - Cash position of £14.3 million, debt-free, and ahead of expectations (FY24: £44.2 million). 2. **Strategic Acquisitions**: - Completed and integrated acquisitions of CRS Mannheim & Kiel and Cryostore, creating an end-to-end early clinical development platform from preclinical to Phase III. - Four integrated service lines now fully operational: Consulting, Clinical Trials, Human Challenge Trials (HCTs), and Laboratories. 3. **Market Position and Pipeline**: - FY25 faced macroeconomic and sector-specific challenges, including programme deferrals and cancellations in HCTs. - Strong momentum in FY26 pipeline across all service lines, with increasing opportunities in infectious diseases and diversified therapeutic areas (e.g., cardiometabolic, respiratory, immunology). - Aggregate value of customer proposals in FY25 exceeded FY24, indicating positive medium-term revenue growth. 4. **Outlook**: - Reiterated guidance for high single-digit revenue growth in 2026. - Focus on four key growth initiatives: expanding therapeutic specialisms, enhancing laboratory services, and improving patient recruitment. - Confidence in full-service platform to drive near and long-term growth. 5. **Investor Engagement**: - CEO Yamin Mo Khan and CFO Stephen Pinkerton hosted an investor meeting via Investor Meet Company to discuss the update. hVIVO is well-positioned for growth in 2026, leveraging its diversified service offerings and strengthened infrastructure.
**Summary**
hVIVO plc, a full-service early-phase Contract Research Organisation (CRO) and leader in human challenge clinical trials, released a trading update for FY25 (year ended 31 December 2025). Key highlights include
1. **Financial Performance**
Revenue of approximately £46.7 million, in line with expectations (FY24: £62.7 million).
Positive low single-digit adjusted EBITDA margin, exceeding guidance (FY24: 26.2%).
Cash position of £14.3 million, debt-free, and ahead of expectations (FY24: £44.2 million).
2. **Strategic Acquisitions**
Completed and integrated acquisitions of CRS Mannheim & Kiel and Cryostore, creating an end-to-end early clinical development platform from preclinical to Phase III.
Four integrated service lines now fully operational: Consulting, Clinical Trials, Human Challenge Trials (HCTs), and Laboratories.
3. **Market Position and Pipeline**
FY25 faced macroeconomic and sector-specific challenges, including programme deferrals and cancellations in HCTs.
Strong momentum in FY26 pipeline across all service lines, with increasing opportunities in infectious diseases and diversified therapeutic areas (e.g., cardiometabolic, respiratory, immunology).
Aggregate value of customer proposals in FY25 exceeded FY24, indicating positive medium-term revenue growth.
4. **Outlook**
Reiterated guidance for high single-digit revenue growth in 2026.
Focus on four key growth initiativesexpanding therapeutic specialisms, enhancing laboratory services, and improving patient recruitment.
Confidence in full-service platform to drive near and long-term growth.
5. **Investor Engagement**
CEO Yamin Mo Khan and CFO Stephen Pinkerton hosted an investor meeting via Investor Meet Company to discuss the update.
hVIVO is well-positioned for growth in 2026, leveraging its diversified service offerings and strengthened infrastructure.
Below is the HTML table code comparing the financials and debt year-on-year for hVIVO PLC based on the provided text:
MetricFY2024FY2025
Revenue (£ million)62.746.7
Adjusted EBITDA Margin26.2%Positive low single-digit
Cash Position (£ million)44.214.3
DebtNoneNone
### Explanation: - **Revenue**: FY2024 revenue was £62.7 million, while FY2025 is expected to be £46.7 million. - **Adjusted EBITDA Margin**: FY2024 was 26.2%, and FY2025 is expected to be a positive low single-digit percentage. - **Cash Position**: Cash decreased from £44.2 million in FY2024 to £14.3 million in FY2025, primarily due to strategic acquisitions. - **Debt**: The company remains debt-free in both years. This table provides a clear year-on-year comparison of key financial metrics for hVIVO PLC.
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SAGA
Saga plc
Positive
Trading Update
**Summary:** Saga plc, a UK specialist in products and services for people over 50, released a trading update on January 29, 2026, highlighting strong performance and strategic progress. Key points include: 1. **Financial Performance:** - Underlying Profit Before Tax is expected to exceed prior year figures and surpass half-year guidance. - Ocean and River Cruise segments showed strong growth, with improved load factors and per diem rates. - Holidays division reported robust growth in booked revenue (13%) and passenger numbers (11%). - Insurance Broking outperformed expectations, with growth in policy sales and higher profits. - Net Debt is projected to be lower than previous guidance, supported by strong cash flow and proceeds from the sale of the Insurance Underwriting business. 2. **Strategic Initiatives:** - Simplified Travel business under a single management team for efficiency and customer focus. - Launched new partnerships with Ageas (Insurance Broking) and NatWest Boxed (Saga Money). - Introduced an improved instant access savings account and plans to launch more financial products in 2026. 3. **Outlook for 2026/27:** - Continued momentum in Cruise and Holidays, with strong booking trends. - Insurance Broking profits expected to align with previous guidance as the Ageas partnership matures. - Further reduction in Net Debt and leverage anticipated, with peak leverage already passed. 4. **Long-Term Goals:** - Confident in achieving underlying profitability of at least £100m and leverage below 2.0x by January 2030. Saga’s preliminary results for the year ending January 31, 2026, are scheduled for April 15, 2026. The company remains focused on delivering high-quality products and services while advancing its strategic objectives.
**Summary**
Saga plc, a UK specialist in products and services for people over 50, released a trading update on January 29, 2026, highlighting strong performance and strategic progress. Key points include
1. **Financial Performance**
Underlying Profit Before Tax is expected to exceed prior year figures and surpass half-year guidance.
Ocean and River Cruise segments showed strong growth, with improved load factors and per diem rates.
Holidays division reported robust growth in booked revenue (13%) and passenger numbers (11%).
Insurance Broking outperformed expectations, with growth in policy sales and higher profits.
Net Debt is projected to be lower than previous guidance, supported by strong cash flow and proceeds from the sale of the Insurance Underwriting business.
2. **Strategic Initiatives**
Simplified Travel business under a single management team for efficiency and customer focus.
Launched new partnerships with Ageas (Insurance Broking) and NatWest Boxed (Saga Money).
Introduced an improved instant access savings account and plans to launch more financial products in 2026.
3. **Outlook for 2026/27**
Continued momentum in Cruise and Holidays, with strong booking trends.
Insurance Broking profits expected to align with previous guidance as the Ageas partnership matures.
Further reduction in Net Debt and leverage anticipated, with peak leverage already passed.
4. **Long-Term Goals**
Confident in achieving underlying profitability of at least £100m and leverage below 2.0x by January 2030.
Saga’s preliminary results for the year ending January 31, 2026, are scheduled for April 15, 2026. The company remains focused on delivering high-quality products and services while advancing its strategic objectives.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">Saga PLC Financials and Debt Comparison

Saga PLC Financials and Debt Comparison (2024/25 vs 2025/26)

Metric2024/252025/26Change
Underlying Profit Before TaxNot specifiedAhead of prior yearImprovement
Ocean Cruise Load Factor91%93%+2 ppt
Ocean Cruise Per Diem£358£394+10%
River Cruise Load Factor89%89%0 ppt
River Cruise Per Diem£326£349+7%
Holidays Booked Revenue GrowthNot specified~13%N/A
Holidays Passenger GrowthNot specified11%N/A
Insurance Broking Underlying Profit Before TaxNot specifiedMarginally higher than prior yearImprovement
Trading EBITDANot specifiedAhead of 2024/25Improvement
Net DebtNot specifiedSignificantly lower than prior yearImprovement
Leverage (excluding £60m Ageas receipt)Not specifiedBelow 4.0xImprovement

Outlook for 2026/27

Metric2025/26 (at same point)2026/27 (at same point)Change
Ocean Cruise Booked Load Factor67%70%+3 ppt
Ocean Cruise Booked Per Diem£394£445+13%
River Cruise Booked Load Factor55%59%+4 ppt
River Cruise Booked Per Diem£349£367+3%
Holidays Booked Revenue£126m£132m+5%
Holidays Booked Passengers38k39k+1%
Net Debt and LeveragePeak leverage point passedFurther reductions expectedImprovement
### Key Notes: 1. **2025/26 Comparison**: The table highlights improvements in key metrics such as load factors, per diem rates, and profitability compared to the prior year. 2. **2026/27 Outlook**: The second table shows projected improvements in bookings and financial metrics for the upcoming year. 3. **Styling**: Basic CSS is included for table formatting and readability. 4. **Assumptions**: Some values for 2024/25 were not explicitly provided in the text, so they are marked as "Not specified" or calculated based on the given percentage changes.
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ALFA
Alfa Financial Software Holdings PLC
Positive
Q4 25 Trading update
**Summary:** Alfa Financial Software Holdings PLC released a Q4 2025 trading update on January 29, 2026, highlighting strong financial and operational performance. Key points include: 1. **Financial Performance:** - FY 2025 revenue reached £126.5 million, exceeding market expectations by £2 million and growing 15% year-on-year (17% on a constant currency basis). - Operating profit grew 17% to £40.0 million, £3 million ahead of expectations. - Q4 2025 revenue increased 11% to £32.5 million, driven by strong subscription (up 15%) and delivery revenues (up 16%). 2. **Pipeline and TCV:** - Late-stage pipeline expanded to ten prospects (up from eight in Q3), with eight achieving preferred supplier status. - Total Contract Value (TCV) rose 3% to £227 million, with subscription TCV up 18% year-on-year. 3. **Operational Highlights:** - Completed nine deliveries in Q4, including a successful Alfa Systems 6 go-live for an Australian customer expanding into New Zealand. - Twenty customers are now live on Alfa Systems 6, with upgrades progressing effectively. 4. **Market Expansion:** - Progress in developing Originations, Fleet, and Commercial Finance capabilities, expanding both Serviceable and Total Addressable Markets. - Active discussions with customers for new modules, driving future investment and growth. 5. **Outlook:** - CEO Andrew Denton expressed confidence in continued growth in 2026, supported by a robust pipeline and TCV, despite currency headwinds. - Focus on further product investment to drive long-term revenue growth. Alfa remains well-positioned in the asset finance industry, with strong customer satisfaction and global presence. Full audited results for FY 2025 will be announced on March 12, 2026.
**Summary**
Alfa Financial Software Holdings PLC released a Q4 2025 trading update on January 29, 2026, highlighting strong financial and operational performance. Key points include
1. **Financial Performance**
FY 2025 revenue reached £126.5 million, exceeding market expectations by £2 million and growing 15% year-on-year (17% on a constant currency basis).
Operating profit grew 17% to £40.0 million, £3 million ahead of expectations.
Q4 2025 revenue increased 11% to £32.5 million, driven by strong subscription (up 15%) and delivery revenues (up 16%).
2. **Pipeline and TCV**
Late-stage pipeline expanded to ten prospects (up from eight in Q3), with eight achieving preferred supplier status.
Total Contract Value (TCV) rose 3% to £227 million, with subscription TCV up 18% year-on-year.
3. **Operational Highlights**
Completed nine deliveries in Q4, including a successful Alfa Systems 6 go-live for an Australian customer expanding into New Zealand.
Twenty customers are now live on Alfa Systems 6, with upgrades progressing effectively.
4. **Market Expansion**
Progress in developing Originations, Fleet, and Commercial Finance capabilities, expanding both Serviceable and Total Addressable Markets.
Active discussions with customers for new modules, driving future investment and growth.
5. **Outlook**
CEO Andrew Denton expressed confidence in continued growth in 2026, supported by a robust pipeline and TCV, despite currency headwinds.
Focus on further product investment to drive long-term revenue growth.
Alfa remains well-positioned in the asset finance industry, with strong customer satisfaction and global presence. Full audited results for FY 2025 will be announced on March 12, 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly mention debt, the table focuses on revenue, operating profit, and TCV (Total Contract Value) for FY2025 compared to FY2024.
MetricFY 2025FY 2024Change
Revenue£126.5m£110.0m+15% (17% at constant currency)
Operating Profit£40.0m£34.2m+17%
Total Contract Value (TCV)£227m£220m+3%
### Notes: 1. **Revenue**: FY2025 revenue is £126.5m, up 15% (17% at constant currency) from FY2024. 2. **Operating Profit**: FY2025 operating profit is £40.0m, a 17% increase from FY2024. 3. **TCV**: FY2025 TCV is £227m, a 3% increase from FY2024. 4. **Debt**: The provided text does not include information on debt, so it is not included in the table. This table provides a clear year-on-year comparison of key financial metrics for Alfa Financial Software Holdings PLC.
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84 Broker Upgrade
ITM
ITM Power
Positive
Half-year Financial Report
**Summary of ITM Power PLC Half-Year Financial Report (January 29, 2026):** **Financial Performance:** - **Revenue Growth:** ITM Power reported a 16% year-on-year revenue increase to £18.0 million for H1 2026, up from £15.5 million in H1 2025. - **EBITDA Improvement:** Adjusted EBITDA loss narrowed to £11.9 million from £16.8 million in the same period last year, reflecting better cost management. - **Cash Position:** Cash reserves stood at £197.8 million as of October 31, 2025, down slightly from £203.1 million a year earlier, but still robust. **Operational Highlights:** - **Contract Backlog:** The contract backlog grew to £152 million, with 71% of contracts now profitable, up from 60% in April 2025. - **Key Projects:** Secured significant contracts, including NEPTUNE V with Westnetz GmbH, a 120 MW HAR2 project with Uniper, and a 300+ MW confidential project in Asia-Pacific. - **Hydropulse Launch:** Introduced Hydropulse, a new business focused on building, owning, and operating decentralized green hydrogen production plants, targeting industrial customers. **Product and Technology Development:** - **ALPHA 50:** Launched a highly competitive 50 MW full-scope green hydrogen plant, priced at €50 million, generating strong customer interest. - **CHRONOS Platform:** Continued development of the next-generation stack platform, expected to be a game-changer for the electrolyser industry. **Market and Strategic Progress:** - **Government Support:** Positioned to benefit from government-backed funding programs like HAR3 in the UK and various schemes in Germany. - **Industry Growth:** The global clean hydrogen sector saw investments rise from $10 billion to $110 billion between 2020 and 2025, driven by policy support and industrial demand. **Board Changes:** - Strengthened the board with appointments of Sir Warren East and John Howarth as Non-Executive Directors, and Jürgen Nowicki as Non-Executive Chair. **Financial Guidance for FY26:** - Revenue is expected to range between £35 million and £40 million. - Adjusted EBITDA loss is projected between £27 million and £29 million. - Year-end cash is forecasted at £170 million to £175 million. **Conclusion:** ITM Power demonstrated strong progress in H1 2026, with revenue growth, improved EBITDA, and strategic advancements in product development and market positioning. Despite macroeconomic challenges, the company remains well-placed to capitalize on the growing green hydrogen market, supported by robust cash reserves and a strong pipeline of profitable contracts.
**Summary of ITM Power PLC Half-Year Financial Report (January 29, 2026):**
**Financial Performance**
**Revenue Growth** ITM Power reported a 16% year-on-year revenue increase to £18.0 million for H1 2026, up from £15.5 million in H1 2025.
**EBITDA Improvement** Adjusted EBITDA loss narrowed to £11.9 million from £16.8 million in the same period last year, reflecting better cost management.
**Cash Position** Cash reserves stood at £197.8 million as of October 31, 2025, down slightly from £203.1 million a year earlier, but still robust.
**Operational Highlights**
**Contract Backlog** The contract backlog grew to £152 million, with 71% of contracts now profitable, up from 60% in April 2025.
**Key Projects** Secured significant contracts, including NEPTUNE V with Westnetz GmbH, a 120 MW HAR2 project with Uniper, and a 300+ MW confidential project in Asia-Pacific.
**Hydropulse Launch** Introduced Hydropulse, a new business focused on building, owning, and operating decentralized green hydrogen production plants, targeting industrial customers.
**Product and Technology Development**
**ALPHA 50** Launched a highly competitive 50 MW full-scope green hydrogen plant, priced at €50 million, generating strong customer interest.
**CHRONOS Platform** Continued development of the next-generation stack platform, expected to be a game-changer for the electrolyser industry.
**Market and Strategic Progress**
**Government Support** Positioned to benefit from government-backed funding programs like HAR3 in the UK and various schemes in Germany.
**Industry Growth** The global clean hydrogen sector saw investments rise from $10 billion to $110 billion between 2020 and 2025, driven by policy support and industrial demand.
**Board Changes**
Strengthened the board with appointments of Sir Warren East and John Howarth as Non-Executive Directors, and Jürgen Nowicki as Non-Executive Chair.
**Financial Guidance for FY26**
Revenue is expected to range between £35 million and £40 million.
Adjusted EBITDA loss is projected between £27 million and £29 million.
Year-end cash is forecasted at £170 million to £175 million.
**Conclusion**
ITM Power demonstrated strong progress in H1 2026, with revenue growth, improved EBITDA, and strategic advancements in product development and market positioning. Despite macroeconomic challenges, the company remains well-placed to capitalize on the growing green hydrogen market, supported by robust cash reserves and a strong pipeline of profitable contracts.
Here’s an HTML table comparing the financials and debt year on year for ITM Power PLC based on the provided text:
MetricH1 2025 (£'000)H1 2024 (£'000)Change (£'000)Change (%)
Revenue18,02615,5342,49216.0%
Adjusted EBITDA Loss(11,900)(16,800)4,90029.2%
Cash on Hand197,848203,134(5,286)(2.6%)
Contract Backlog (£'m)15243.7108.3248.0%
Gross Loss(6,474)(10,188)3,71436.4%
Loss Before Tax(14,085)(28,792)14,70751.1%
Capital Expenditure6,9005,4001,50027.8%
Inventories51,12173,000(21,879)(30.0%)
Trade and Other Payables95,30567,33027,97541.5%
Total Provisions19,58134,640(15,059)(43.5%)
### Explanation: 1. **Revenue**: Increased by £2.492 million (16.0%) from H1 2024 to H1 2025. 2. **Adjusted EBITDA Loss**: Reduced by £4.9 million (29.2%) from H1 2024 to H1 2025. 3. **Cash on Hand**: Decreased by £5.286 million (2.6%) from H1 2024 to H1 2025. 4. **Contract Backlog**: Increased significantly by £108.3 million (248.0%) from H1 2024 to H1 2025. 5. **Gross Loss**: Reduced by £3.714 million (36.4%) from H1 2024 to H1 2025. 6. **Loss Before Tax**: Reduced by £14.707 million (51.1%) from H1 2024 to H1 2025. 7. **Capital Expenditure**: Increased by £1.5 million (27.8%) from H1 2024 to H1 2025. 8. **Inventories**: Decreased by £21.879 million (30.0%) from H1 2024 to H1 2025. 9. **Trade and Other Payables**: Increased by £27.975 million (41.5%) from H1 2024 to H1 2025. 10. **Total Provisions**: Decreased by £15.059 million (43.5%) from H1 2024 to H1 2025. This table provides a clear comparison of key financial metrics between H1 2024 and H1 2025.
06:01
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80 Positive
0HAF
Nokia Oyj
Positive
Proposals by the Board of Directors to Nokia Corporation’s Annual General Meeting 2026
**Summary of Nokia Corporation’s Annual General Meeting (AGM) 2026 Proposals** Nokia Corporation has released proposals by its Board of Directors for the 2026 Annual General Meeting (AGM), scheduled for April 9, 2026, in Helsinki, Finland. Key highlights include: 1. **Board Leadership Changes**: - Sari Baldauf will step down as Board Chair. - Timo Ihamuotila is proposed as the new Board Chair, with Thomas Saueressig as Vice Chair. - Meredith Whittaker, President of Signal Technology Foundation, is proposed as a new Board member. 2. **Board Composition and Remuneration**: - The Board proposes maintaining 10 members, with re-election of nine current members and the addition of Whittaker. - Annual fees for Board members remain unchanged, with approximately 40% paid in Nokia shares. - Meeting fees and travel reimbursements are also unchanged. 3. **Dividend Distribution**: - The Board seeks authorization to distribute up to EUR 0.14 per share in four installments throughout 2026-2027, in line with Nokia’s dividend policy. 4. **Auditor and Sustainability Reporting Assurer**: - Deloitte Oy is proposed for re-election as both auditor and sustainability reporting assurer for the financial year 2027. 5. **Share Issuance and Repurchase Authorization**: - The Board seeks approval to issue up to 550 million shares and repurchase the same number of shares, aimed at capital structure optimization, acquisitions, and equity-based incentives. 6. **Other AGM Matters**: - Adoption of financial statements for 2025, discharge of Board and CEO liability, and approval of the 2025 Remuneration Report. Complete proposals and candidate resumes are available at [www.nokia.ly/agm2026](http://www.nokia.ly/agm2026). The notice for the AGM, including participation and voting details, will be published in week 6 of 2026.
**Summary of Nokia Corporation’s Annual General Meeting (AGM) 2026 Proposals**
Nokia Corporation has released proposals by its Board of Directors for the 2026 Annual General Meeting (AGM), scheduled for April 9, 2026, in Helsinki, Finland. Key highlights include
1. **Board Leadership Changes**
Sari Baldauf will step down as Board Chair.
Timo Ihamuotila is proposed as the new Board Chair, with Thomas Saueressig as Vice Chair.
Meredith Whittaker, President of Signal Technology Foundation, is proposed as a new Board member.
2. **Board Composition and Remuneration**
The Board proposes maintaining 10 members, with re-election of nine current members and the addition of Whittaker.
Annual fees for Board members remain unchanged, with approximately 40% paid in Nokia shares.
Meeting fees and travel reimbursements are also unchanged.
3. **Dividend Distribution**
The Board seeks authorization to distribute up to EUR 0.14 per share in four installments throughout 2026-2027, in line with Nokia’s dividend policy.
4. **Auditor and Sustainability Reporting Assurer**
Deloitte Oy is proposed for re-election as both auditor and sustainability reporting assurer for the financial year 2027.
5. **Share Issuance and Repurchase Authorization**
The Board seeks approval to issue up to 550 million shares and repurchase the same number of shares, aimed at capital structure optimization, acquisitions, and equity-based incentives.
6. **Other AGM Matters**
Adoption of financial statements for 2025, discharge of Board and CEO liability, and approval of the 2025 Remuneration Report.
Complete proposals and candidate resumes are available at [www.nokia.ly/agm2026](http://www.nokia.ly/agm2026). The notice for the AGM, including participation and voting details, will be published in week 6 of 2026.
Proposals
05:16
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84 Broker Upgrade
0HAF
Nokia Oyj
Positive
Nokia Corporation Financial Report for Q4 2025 and full year 2025
**Summary of Nokia Corporation Financial Report for Q4 2025 and Full Year 2025** Nokia Corporation released its financial report for Q4 2025 and the full year 2025 on January 29, 2026, highlighting steady performance and strategic progress amid industry challenges. **Key Financial Highlights:** - **Q4 2025 Performance:** - Comparable net sales grew 3% year-over-year (YoY) on a constant currency and portfolio basis (+2% reported), driven by growth in Network Infrastructure and Mobile Networks. - Comparable gross margin expanded by 90 basis points (bps) to 48.1%, offset by lower contributions from Nokia Technologies. Reported gross margin declined by 120 bps to 44.9% due to restructuring charges. - Comparable operating margin decreased by 90 bps to 17.3%, while reported operating margin fell by 560 bps to 8.8% due to higher restructuring costs. - Comparable diluted EPS was EUR 0.16; reported diluted EPS was EUR 0.10. - Free cash flow was EUR 0.2 billion, with a net cash balance of EUR 3.4 billion. - **Full Year 2025 Performance:** - Net sales grew 2% YoY on a constant currency and portfolio basis (+3% reported). - Comparable operating profit was EUR 2.0 billion, and free cash flow was EUR 1.5 billion (72% FCF conversion). - Comparable diluted EPS was EUR 0.29; reported diluted EPS was EUR 0.12. - Results were within Nokias prior guidance. **Strategic Initiatives and Outlook:** - Nokia strengthened its portfolio with the acquisition of Infinera and sharpened its focus on AI-driven network opportunities. - The company simplified its operating model into Network Infrastructure and Mobile Infrastructure segments from 2026. - Nokia introduced a 2026 financial guidance, targeting EUR 2.0 to 2.5 billion in comparable operating profit. - Long-term targets for 2028 include comparable operating profit of EUR 2.7 to 3.2 billion, with a focus on Network Infrastructure growth (6-8% CAGR) and Mobile Infrastructure profitability. **Segment Performance:** - **Network Infrastructure:** 7% net sales growth in Q4, led by 17% growth in Optical Networks. Strong order intake driven by AI & Cloud demand. - **Mobile Networks:** 6% net sales growth in Q4, with flat full-year performance. Focus on profitability and 5G technologies. - **Cloud and Network Services:** Declined 4% in Q4 but grew 6% for the full year, with 5 points of operating margin expansion. - **Nokia Technologies:** Maintained a contracted net sales run-rate of EUR 1.4 billion. **Dividend and Shareholder Returns:** - The Board proposed a dividend authorization of EUR 0.14 per share for 2025, with a EUR 0.03 per share dividend announced for Q4 2025. **Future Focus:** - Nokia aims to capture growth in AI & Cloud, increase efficiency, and build a high-performance culture. - Investments in AI-native networks, 6G, and partnerships (e.g., NVIDIA) position Nokia for long-term leadership. **Risks and Challenges:** - Competitive intensity, supply chain disruptions, inflation, and geopolitical uncertainties remain key risks. - Nokia is also focused on executing cost savings programs and integrating acquisitions effectively. **Conclusion:** Nokias Q4 and full-year 2025 results reflect disciplined execution and strategic alignment with AI and cloud trends. The company is optimistic about its 2026 outlook and long-term growth potential, despite ongoing industry challenges. Detailed segment-level discussions are available in the complete financial report on Nokias website.
**Summary of Nokia Corporation Financial Report for Q4 2025 and Full Year 2025**
Nokia Corporation released its financial report for Q4 2025 and the full year 2025 on January 29, 2026, highlighting steady performance and strategic progress amid industry challenges.
**Key Financial Highlights**
**Q4 2025 Performance**
Comparable net sales grew 3% year-over-year (YoY) on a constant currency and portfolio basis (+2% reported), driven by growth in Network Infrastructure and Mobile Networks.
Comparable gross margin expanded by 90 basis points (bps) to 48.1%, offset by lower contributions from Nokia Technologies. Reported gross margin declined by 120 bps to 44.9% due to restructuring charges.
Comparable operating margin decreased by 90 bps to 17.3%, while reported operating margin fell by 560 bps to 8.8% due to higher restructuring costs.
Comparable diluted EPS was EUR 0.16
reported diluted EPS was EUR 0.10.
Free cash flow was EUR 0.2 billion, with a net cash balance of EUR 3.4 billion.
**Full Year 2025 Performance**
Net sales grew 2% YoY on a constant currency and portfolio basis (+3% reported).
Comparable operating profit was EUR 2.0 billion, and free cash flow was EUR 1.5 billion (72% FCF conversion).
Comparable diluted EPS was EUR 0.29
reported diluted EPS was EUR 0.12.
Results were within Nokias prior guidance.
**Strategic Initiatives and Outlook**
Nokia strengthened its portfolio with the acquisition of Infinera and sharpened its focus on AI-driven network opportunities.
The company simplified its operating model into Network Infrastructure and Mobile Infrastructure segments from 2026.
Nokia introduced a 2026 financial guidance, targeting EUR 2.0 to 2.5 billion in comparable operating profit.
Long-term targets for 2028 include comparable operating profit of EUR 2.7 to 3.2 billion, with a focus on Network Infrastructure growth (6-8% CAGR) and Mobile Infrastructure profitability.
**Segment Performance**
**Network Infrastructure** 7% net sales growth in Q4, led by 17% growth in Optical Networks. Strong order intake driven by AI & Cloud demand.
**Mobile Networks** 6% net sales growth in Q4, with flat full-year performance. Focus on profitability and 5G technologies.
**Cloud and Network Services** Declined 4% in Q4 but grew 6% for the full year, with 5 points of operating margin expansion.
**Nokia Technologies** Maintained a contracted net sales run-rate of EUR 1.4 billion.
**Dividend and Shareholder Returns**
The Board proposed a dividend authorization of EUR 0.14 per share for 2025, with a EUR 0.03 per share dividend announced for Q4 2025.
**Future Focus**
Nokia aims to capture growth in AI & Cloud, increase efficiency, and build a high-performance culture.
Investments in AI-native networks, 6G, and partnerships (e.g., NVIDIA) position Nokia for long-term leadership.
**Risks and Challenges**
Competitive intensity, supply chain disruptions, inflation, and geopolitical uncertainties remain key risks.
Nokia is also focused on executing cost savings programs and integrating acquisitions effectively.
**Conclusion**
Nokias Q4 and full-year 2025 results reflect disciplined execution and strategic alignment with AI and cloud trends. The company is optimistic about its 2026 outlook and long-term growth potential, despite ongoing industry challenges. Detailed segment-level discussions are available in the complete financial report on Nokias website.
Below is the HTML table code comparing the financial and debt-related metrics year-on-year (Q4'25 vs Q4'24 and Full Year 2025 vs Full Year 2024) based on the provided text:
MetricQ4'25 vs Q4'24Full Year 2025 vs Full Year 2024
Q4'25Q4'24YoY ChangeFull Year 2025Full Year 2024YoY Change
Net Sales (EUR million)6,1255,9832%19,88919,2203%
Gross Margin (%)44.9%46.1%(120)bps43.5%46.1%(260)bps
Operating Profit (EUR million)540861(37%)8851,970(55%)
Operating Margin (%)8.8%14.4%(560)bps4.4%10.2%(580)bps
Profit for the Period (EUR million)544813(33%)6601,284(49%)
EPS (Diluted, EUR)0.100.15(33%)0.120.23(48%)
Net Cash Balance (EUR million)3,3784,854(30%)3,3784,854(30%)
Free Cash Flow (EUR million)200Not ProvidedNot Provided1,500Not ProvidedNot Provided
Debt (Not Explicitly Provided)No specific debt figures provided in the text.
### Notes: 1. **Debt Information**: The provided text does not explicitly mention debt figures, so the debt row indicates that no specific data is available. 2. **Comparable Results**: The table focuses on reported results as per the provided data. Comparable results are not included here but can be added if needed. 3. **Formatting**: The table is structured to clearly compare Q4 and full-year metrics year-on-year, with bold headers for better readability.
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PINE
PINE Pinewood Technologies Group…
17:33
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Response to Press Speculation

**Summary:** Pinewood Technologies Group PLC (Pinewood.AI) has confirmed discussions with Apax Partners LLP regarding a potential cash offer of 500 pence per share for the entire issued and to-be-issued share capital of the company. The o…

**Summary**
Pinewood Technologies Group PLC (Pinewood.AI) has confirmed discussions with Apax Partners LLP regarding a potential cash offer of 500 pence per share for the entire issued and to-be-issued share capital of the company. The offer, which includes an unlisted partial share alternative, follows earlier approaches by Apax. Pinewood.AIs board, after careful consideration, is minded to recommend the offer to shareholders if a firm intention is announced under the City Code on Takeovers and Mergers (the "Code"), subject to due diligence and other conditions. Apax must decide by February 26, 2026, whether to proceed with a firm offer or withdraw. The announcement emphasizes regulatory compliance, disclosure requirements, and the absence of certainty regarding a final offer. Pinewood.AI, a leading cloud-based technology provider to automotive retailers and OEMs, has 115,099,977 ordinary shares in issue as of January 29, 2026. The full announcement is available on Pinewood.AIs website.
Speculation
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CABP
CABP CAB Payments Holdings Ltd
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ADGM Licence and global clearing partner secured

**Summary:** CAB Payments Holdings PLC, a leading B2B FX and Payments provider, announced two significant developments on January 29, 2026. First, its Middle Eastern subsidiary, CAB Global Markets (CAB GM), secured a Category 2 Financial …

**Summary**
CAB Payments Holdings PLC, a leading B2B FX and Payments provider, announced two significant developments on January 29, 2026. First, its Middle Eastern subsidiary, CAB Global Markets (CAB GM), secured a Category 2 Financial Services Permission from the Abu Dhabi Global Market (ADGM)s Financial Services Regulatory Authority (FSRA). This license enables CAB GM to facilitate cross-border payments, foreign exchange transactions, trade finance, and credit arrangements, strengthening its presence in fast-growing markets across Africa, South Asia, and the Middle East.
Second, CAB established a strategic global clearing partnership with another leading bank, enhancing access to USD and Euro clearing services. This partnership deepens liquidity, improves connectivity with key regions, and bolsters operational resilience.
Group CEO Neeraj Kapur emphasized these developments as pivotal steps in CABs strategy, expanding its reach in key growth regions and reinforcing its commitment to delivering prosperity in the markets it serves. CAB Payments, with its 180-year legacy, connects hard-to-reach financial markets globally, operating with a strong focus on sustainability and ethical practices.
Partner
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ABF Associated British Foods PLC
16:26
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JUST
JUST Just Group plc
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<mark style="background-color:yellow">Purchase</mark> of 25,000 shares

<mark style="background-coloryellow">Purchase</mark> of 25,000 shares
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Market

Holding(s) in Company

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

<mark style="background-coloryellow">TR1</mark> Buy
['BlackRock, Inc.', '4.640000', 'Below 5']
Open Terminal Source RNS
JTC
JTC JTC PLC
14:37
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['JPMorgan Chase & Co.', '0.823623', '0.348098']
Open Terminal Source RNS
BMD
BMD Baronsmead Second Venture T…
14:36
Market

Admission of Further Securities to Trading

Open Terminal Source RNS
BVT
BVT Baronsmead Venture Trust Plc
14:36
Market

Admission of Further Securities to Trading

Open Terminal Source RNS
DIS
DIS Distil Plc
14:33
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['First Equity Limited', '9.587965', '10.325500']
Open Terminal Source RNS
SDR
SDR Schroders PLC
14:33
Market

Form 8.3 - Rio Tinto Limited & Rio Tinto Plc

Open Terminal Source RNS
JDG
JDG Judges Scientific Plc
14:32
Market

Director/PDMR Shareholding

Open Terminal Source RNS
SDR
SDR Schroders PLC
14:31
Market

Form 8.3 - British Land Company plc

Open Terminal Source RNS
LABS
LABS Life Science REIT PLC
14:29
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Bank of America Corporation', '0.000000', '0.000000']
Open Terminal Source RNS
BSIF
BSIF Bluefield Solar Income Fund
14:26
Market

Form 8.3

Open Terminal Source RNS
WG.
WG. WG.
14:26
Market

Form 8.3

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

Form 8.3

Open Terminal Source RNS
JTC
JTC JTC PLC
14:26
Market

Form 8.3

Open Terminal Source RNS
DWL
DWL Dowlais Group Plc
14:26
Market

Form 8.3

Open Terminal Source RNS
JUST
JUST Just Group plc
14:26
Market

Form 8.3

Open Terminal Source RNS
SDR
SDR Schroders PLC
14:25
Market

Form 8.3 - Rio Tinto Limited & Rio Tinto Plc

Open Terminal Source RNS
LIO
LIO Liontrust Asset Management
14:23
Market

Form 8.3 -KITWAVE GROUP PLC

Open Terminal Source RNS
LIO
LIO Liontrust Asset Management
14:20
Market

Form 8.3 - Auction Technology Group

Open Terminal Source RNS
BIRG
BIRG Bank of Ireland Group PLC
14:19
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['BlackRock, Inc.', '5.96', '5.96']
Open Terminal Source RNS
DWL
DWL Dowlais Group Plc
14:19
Market

Form 8.3

Open Terminal Source RNS
LABS
LABS Life Science REIT PLC
14:12
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Jefferies Financial Group Inc', '0.274000', '0.105000']
Open Terminal Source RNS
YZ39
YZ39 YZ39
14:10
Market

Issue of Debt

Open Terminal Source RNS
HAN
HAN Hansa Trust
14:09
Market

Director/PDMR Shareholding

Open Terminal Source RNS
BARC
BARC Barclays PLC
14:08
Market

Form8.3RIOTINTOPLCANDRIOTINTOLIMITED Replacement

Open Terminal Source RNS
TEP
TEP Telecom Plus PLC
14:08
Market

Holding(s) in Company

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

<mark style="background-coloryellow">TR1</mark> Buy
['BlackRock, Inc.', '4.710000', 'Below 5']
Open Terminal Source RNS
WINE
WINE Naked Wines plc
14:06
Market

Director/PDMR Shareholding

Following the <mark style="background-color:yellow">purchase</mark> of shares, Mr. Pailings beneficial interest in the Company and that of persons closely associated with him is 814,814 Ordinary Shares representing approximately 1.18% of t…

Following the <mark style="background-color:yellow">purchase</mark> of shares, Mr. Pailings beneficial interest in the Company and that of persons closely associated with him is 814,814 Ordinary Shares representing approximately 1.18% of the issued share capital of the Company.
Open Terminal Source RNS
SDR
SDR Schroders PLC
14:02
Market

Form 8.3 - Glencore PLC

Open Terminal Source RNS
LABS
LABS Life Science REIT PLC
14:01
Market

Form 8.3

Open Terminal Source RNS
BLND
BLND British Land Company PLC
14:01
Market

Form 8.3

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

Form 8.3 - British Land Company plc

Open Terminal Source RNS
AIBG
AIBG AIB Group PLC
13:59
Market

Holding in Company

Open Terminal Source RNS
LABS
LABS Life Science REIT PLC
13:59
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Samson Rock Capital LLP', '0.000000', 0]
Open Terminal Source RNS
DEBS
DEBS BOOHOO GROUP PLC
13:58
Market

Block Listing Update

Open Terminal Source RNS
PCGH
PCGH Polar Capital Global Health…
13:57
Market

Register to receive PCGH Fact Sheets

Open Terminal Source RNS
PCT
PCT Polar Capital Technology Tr…
13:55
Market

Register to receive PCT Fact Sheets

Open Terminal Source RNS
PCFT
PCFT Polar Capital Global Financ…
13:52
Market

Register to receive PCFT Fact Sheets

Open Terminal Source RNS
MONY
MONY MONY Group plc
13:49
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
BARC
BARC Barclays PLC
13:49
Market

Form 8.3 RIO TINTO PLC

Open Terminal Source RNS
DWL
DWL Dowlais Group Plc
13:46
Market

Form 8.3 - Dowlais Group plc

Open Terminal Source RNS
SFR
SFR Severfield PLC
13:46
Market

Strategic Review of the Modular Solutions Business

Open Terminal Source RNS
BARC
BARC Barclays PLC
13:43
Market

Form 8.3 GLENCORE PLC

Open Terminal Source RNS
SDR
SDR Schroders PLC
13:39
Market

Form 8.3 - NCC Group plc

Open Terminal Source RNS
SDR
SDR Schroders PLC
13:37
Market

Form 8.3 - Life Science REIT plc

Open Terminal Source RNS
SDR
SDR Schroders PLC
13:35
Market

Form 8.3 - Mind Gym plc

Open Terminal Source RNS
INVP
INVP Investec PLC
13:31
Market

Investec plc & Limited Share Plan Purchases

Open Terminal Source RNS
INVP
INVP Investec PLC
13:31
Market

Director/PDMR Shareholding

Open Terminal Source RNS
RIO
RIO Rio Tinto PLC
13:31
Market

Form 8 (DD)

Open Terminal Source RNS
RIO
RIO Rio Tinto PLC
13:31
Market

Form 8 (Opening Position Disclosure) Amendment

Open Terminal Source RNS
LABS
LABS Life Science REIT PLC
13:29
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Rathbones Investment Management Ltd', '10.615200', '11.171500']
Open Terminal Source RNS
NCC
NCC NCC Group plc
13:29
Market

Form 8.3

Open Terminal Source RNS
KITW
KITW Kitwave Group PLC
13:28
Market

Form 8.3

Open Terminal Source RNS
SNWS
SNWS Smiths News PLC
13:26
Market

Result of Annual General Meeting

Open Terminal Source RNS
BRIG
BRIG BlackRock Income and Growth…
13:22
Market

Clarification of Dividend Dates

Open Terminal Source RNS
WVIA
WVIA Winvia Entertainment PLC
13:16
Market

Director/PDMR Shareholding

The Company announces that on 28 January 2026, Tim Lloyd-Hughes, Non-Executive Director of the Company, transferred 2,564 Ordinary Shares of 0.5 pence each in the Company ("Ordinary Shares") into his ISA. The transfer was effected through …

The Company announces that on 28 January 2026, Tim Lloyd-Hughes, Non-Executive Director of the Company, transferred 2,564 Ordinary Shares of 0.5 pence each in the Company ("Ordinary Shares") into his ISA. The transfer was effected through a sale of 2,564 Ordinary Shares at price of 237.5 pence per share and immediate re<mark style="background-color:yellow">purchase</mark> of 2,564 Ordinary Shares into his ISA, at a price of 237.5 pence per share.
Open Terminal Source RNS
ASL
ASL Aberforth Smaller Companies…
13:16
Market

Dividend Declaration

Open Terminal Source RNS
AGY
AGY Allergy Therapeutics
13:14
Market

Result of Annual General Meeting

Open Terminal Source RNS
SYS
SYS SysGroup PLC
13:12
Market

Contract win with the Scouts Association

**Summary:** SysGroup PLC, a provider of managed IT services and cloud solutions, announced on January 29, 2026, that it has secured a new three-year contract with The Scouts Association (Scouts), the UKs largest youth movement. This agre…

**Summary**
SysGroup PLC, a provider of managed IT services and cloud solutions, announced on January 29, 2026, that it has secured a new three-year contract with The Scouts Association (Scouts), the UKs largest youth movement. This agreement, awarded after a competitive tender process, expands the range of managed network services SysGroup will provide to Scouts, building on their long-standing relationship. The contract leverages SysGroups visibility-led operating model, which uses data and AI-driven insights to enhance decision-making, risk management, and service delivery.
Key highlights include
SysGroup will continue to support Scouts national network infrastructure, offering improved visibility, assurance, and operational oversight.
Scouts Head of Technology & Digital, Jason Mason, praised SysGroups understanding of their organization and requirements.
SysGroups CTO, Simon Kirkup, emphasized the companys evolving operating model, focusing on visibility, automation, and intelligence to foster long-term partnerships.
This non-regulatory announcement underscores SysGroups commitment to delivering transformative IT solutions and strengthening client relationships. For more information, visit [www.sysgroup.com](http://www.sysgroup.com).
NewContract
Open Terminal Source RNS
YE25
YE25 YE25
13:12
Market

Bromford Flagship LiveWest merger concluded

Open Terminal Source RNS
NTVO
NTVO Nativo Resources plc
13:10
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
ASL
ASL Aberforth Smaller Companies…
13:07
Market

Final Results

Open Terminal Source RNS
90NI
90NI 90NI
13:06
Market

Notification of Admission

Open Terminal Source RNS
0UKH
0UKH Bank of Montreal
13:05
Market

Publication of Final Terms

Open Terminal Source RNS
FRGT
FRGT Franklin Global Trust Ord
13:04
Market

Dividend Declaration

Open Terminal Source RNS
CVSG
CVSG CVS Group Plc
13:03
Market

Standard form for notification of major holdings

TR1 Buy

TR1 Buy
Open Terminal Source RNS
BLND
BLND British Land Company PLC
13:02
Market

Form 8.3

Open Terminal Source RNS
MNG
MNG M&G Plc
12:57
Market

Form 8.3 - THE BRITISH LAND COMPANY PLC

Open Terminal Source RNS
IPF
IPF International Personal Fina…
12:53
Market

Holding(s) in Company

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

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Chase & Co.', '0.740988', 'Below Minimum Threshold']
Open Terminal Source RNS
IPF
IPF International Personal Fina…
12:53
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['JPMorgan Chase & Co.', '0.850964', '0.740988']
Open Terminal Source RNS
ORCA
ORCA Orcadian Energy PLC
12:52
Market

Result of AGM

Open Terminal Source RNS
DWL
DWL Dowlais Group Plc
12:52
Market

Form 8.3

Open Terminal Source RNS
TRN
TRN Trainline Plc
12:50
Market

Result of General Meeting

Open Terminal Source RNS
IDOX
IDOX IDOX plc
12:50
Market

Form 8.3

Open Terminal Source RNS
IPF
IPF International Personal Fina…
12:48
Market

Form 8.3

Open Terminal Source RNS
APN
APN Applied Nutrition Plc
12:40
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
KITW
KITW Kitwave Group PLC
12:40
Market

Form 8.3

Open Terminal Source RNS
LABS
LABS Life Science REIT PLC
12:37
Market

Form 8.3

Open Terminal Source RNS
XH62
XH62 XH62
12:36
Market

Publication of Listing Supplement

Open Terminal Source RNS
BGEO
BGEO Lion Finance Group PLC
12:33
Market

Cancellation of Treasury Shares

Open Terminal Source RNS
RAT
RAT Rathbone Brothers PLC
12:33
Market

Form 8.3 - Picton Property Income Limited

Open Terminal Source RNS
JAN
JAN Jangada Mines Plc
12:32
Market

Exercise of Warrants and Total Voting Rights

Open Terminal Source RNS
ARS
ARS Asiamet Resources Limited
12:31
Market

Results of General Meeting

Open Terminal Source RNS
RAT
RAT Rathbone Brothers PLC
12:30
Market

Form 8.3 - Life Science REIT Plc

Open Terminal Source RNS
GTE
GTE Gran Tierra Energy Inc
12:29
Market

Gran Tierra Energy Inc. Provides Operations Update and Certain Preliminary Unaudited 2025 Financial Data

Open Terminal Source RNS
RAT
RAT Rathbone Brothers PLC
12:28
Market

Form 8.3 - British Land Co plc

Open Terminal Source RNS
DWL
DWL Dowlais Group Plc
12:27
Market

Form 8.3

Open Terminal Source RNS
GTE
GTE Gran Tierra Energy Inc
12:27
Market

Gran Tierra Energy Inc. Announces Exchange Offer of Certain Existing Notes for New Notes and the Solicitation of Consents to Proposed Amendments to the Existing Indenture

Please provide the text you would like me to summarize. Im ready when you are!

Please provide the text you would like me to summarize. Im ready when you are!
Offers
Open Terminal Source RNS
RAT
RAT Rathbone Brothers PLC
12:26
Market

Form 8.3 - Bluefield Solar Income Fund Ltd

Open Terminal Source RNS
0UKI
0UKI Bank of Nova Scotia
12:21
Market

Form 8.3 NCC Group plc

Open Terminal Source RNS
0UKI
0UKI Bank of Nova Scotia
12:19
Market

Form 8.3 Just Group plc

Open Terminal Source RNS
GEX
GEX Georgina Energy PLC
12:18
Market

Holding(s) in Company

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

<mark style="background-coloryellow">TR1</mark> Buy
['CSS ALPHA FUND AIFLNP VCIC LTD', '5,304,646', '7,304,646']
Open Terminal Source RNS
0UKI
0UKI Bank of Nova Scotia
12:18
Market

Form 8.3 International Personal Finance plc

Open Terminal Source RNS
0UKI
0UKI Bank of Nova Scotia
12:17
Market

Form 8.3 Dauch Corporation

Open Terminal Source RNS
0UKI
0UKI Bank of Nova Scotia
12:15
Market

Form 8.3 Beazley PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
12:15
Market

Form 8.3 LIFE SCIENCE REIT PLC

Open Terminal Source RNS
GMR
GMR Gaming Realms plc
12:01
Market

BLOCK LISTING SIX MONTHLY RETURN

Open Terminal Source RNS
AEO
AEO Aeorema Communications Plc
11:49
Market

Transaction in Own Shares

Open Terminal Source RNS
UPR
UPR Uniphar Group PLC
11:46
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
SOLG
SOLG SolGold PLC
11:33
Market

Form 8.3

Open Terminal Source RNS
HRI
HRI Herald Investment Trust
11:31
Market

Form 8.3

Open Terminal Source RNS
JUST
JUST Just Group plc
11:30
Market

Form 8.3

Open Terminal Source RNS
IPF
IPF International Personal Fina…
11:29
Market

Form 8.3

Open Terminal Source RNS
IRSH
IRSH IRSH
11:26
Market

Form 8.3 - Glencore plc

Open Terminal Source RNS
IRSH
IRSH IRSH
11:26
Market

Form 8.3 - Life Science REIT plc

Open Terminal Source RNS
IRSH
IRSH IRSH
11:25
Market

Form 8.3 - Rio Tinto plc and Rio Tinto Limited

Open Terminal Source RNS
IRSH
IRSH IRSH
11:24
Market

Form 8.3 - Beazley plc

Open Terminal Source RNS
IRSH
IRSH IRSH
11:22
Market

Form 8.3 - JTC plc

Open Terminal Source RNS
ABDN
ABDN Abrdn PLC
11:20
Market

Form 8.3 - British Land Co PLC, The

Open Terminal Source RNS
III
III 3I Group PLC
11:20
Market

Director/PDMR Shareholding

Open Terminal Source RNS
IRSH
IRSH IRSH
11:18
Market

Form 8.3 - Unite Group plc

Open Terminal Source RNS
ABDN
ABDN Abrdn PLC
11:14
Market

Form 8.3 - Life Science REIT PLC

Open Terminal Source RNS
RIO
RIO Rio Tinto PLC
11:14
Market

Form 8.3

Open Terminal Source RNS
GLEN
GLEN Glencore PLC
11:10
Market

Form 8.3

Open Terminal Source RNS
IRSH
IRSH IRSH
11:09
Market

Form 8.3 - British Land Company plc

Open Terminal Source RNS
ABDN
ABDN Abrdn PLC
11:05
Market

Form 8.3 - Auction Technology Group plc

Open Terminal Source RNS
IPC
IPC International Paper Company
11:04
Market

IP Announces Full Year and 4Q 2025 Results

Open Terminal Source RNS
IPC
IPC International Paper Company
11:03
Market

IP To Create Two Independent Public Companies

Open Terminal Source RNS
BOD
BOD Botswana Diamonds plc
11:02
Market

Results of Annual General Meeting

Open Terminal Source RNS
RSW
RSW Renishaw PLC
11:01
Market

Notice of Half-year Results

Open Terminal Source RNS
LLOY
LLOY Lloyds Banking Group PLC
11:01
Market

Board Committee Change

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

Director/PDMR Shareholding

Open Terminal Source RNS
IGLD
IGLD IGLD
11:01
Market

USD$1m Loan Facility and Mining Contract

Open Terminal Source RNS
50OR
50OR 50OR
10:58
Market

Form 8.3 - JTC Plc

Open Terminal Source RNS
DO72
DO72 DO72
10:57
Market

Stabilisation Notice

Open Terminal Source RNS
BEZ
BEZ Beazley plc
10:51
Market

Form 8.3

Open Terminal Source RNS
GJ03
GJ03 GJ03
10:46
Market

Stabilisation Notice

Open Terminal Source RNS
MCG
MCG Mobico Group Plc
10:43
Market

Agreement in principle with German PTAs

Please provide the text you would like me to summarize. Im ready when you are!

Please provide the text you would like me to summarize. Im ready when you are!
Agreement
Open Terminal Source RNS
36GZ
36GZ 36GZ
10:38
Market

Credit rating update

Open Terminal Source RNS
14WT
14WT 14WT
10:36
Market

Form 8.5 (EPT/NON-RI)--Rio Tinto Plc&Rio Tinto Ltd

Open Terminal Source RNS
14WT
14WT 14WT
10:33
Market

Form 8.5 (EPT/NON-RI)-Rio Tinto Plc&Rio Tinto Ltd

Open Terminal Source RNS
PUAL
PUAL Puma Alpha VCT Ord
10:30
Market

Issue of Equity

Open Terminal Source RNS
XGDU
XGDU Xtrackers IE Physical Gold …
10:29
Market

Final Terms

Open Terminal Source RNS
GJ03
GJ03 GJ03
10:29
Market

Stabilisation Notice

Open Terminal Source RNS
RNWH
RNWH Renew Holdings plc
10:23
Market

Result of AGM

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:18
Market

Form 8.3 WOOD GROUP (JOHN) PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:18
Market

Form 8.3 UNITE GROUP PLC, THE

Open Terminal Source RNS
HDD
HDD Hardide PLC
10:18
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
BARC
BARC Barclays PLC
10:18
Market

Form 8.3 SPIRE HEALTHCARE GROUP PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:17
Market

Form 8.3 SOLGOLD PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:17
Market

Form 8.3 PICTON PROPERTY INCOME LIMITED

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:17
Market

Form 8.3 NCC GROUP PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:17
Market

Form 8.3 JUST GROUP PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:17
Market

Form 8.3 JTC PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:16
Market

Form 8.3 INTERNATIONAL PERSONAL FINANCE PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:16
Market

Form 8.3 EMPIRIC STUDENT PROPERTY PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:16
Market

Form 8.3 BRITISH LAND COMPANY PLC, THE

Open Terminal Source RNS
BARC
BARC Barclays PLC
10:14
Market

Form 8.3 AUCTION TECHNOLOGY GROUP PLC

Open Terminal Source RNS
SDR
SDR Schroders PLC
10:10
Market

Form 8.3 - International Personal Finance Plc

Open Terminal Source RNS
JTC
JTC JTC PLC
10:08
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
UFO
UFO Alien Metals Ltd
09:59
Market

GreenTech Metals Quarterly Activities Report

Open Terminal Source RNS
NRR
NRR NewRiver REIT plc
09:56
Market

Scrip dividend share allotment

Open Terminal Source RNS
MFAI
MFAI Mindflair Plc
09:46
Market

New Investment in AI Sales Execution Company

**Summary:** Mindflair plc, an AIM-quoted investment company focused on AI and related technologies, announced that Sure Valley Ventures (SVV) third fund (SVV3), in which Mindflair holds an interest, has invested in Overpath Limited, an I…

**Summary**
Mindflair plc, an AIM-quoted investment company focused on AI and related technologies, announced that Sure Valley Ventures (SVV) third fund (SVV3), in which Mindflair holds an interest, has invested in Overpath Limited, an Ireland-based AI sales execution platform. Overpath raised €1.6 million in pre-seed funding, led by Elkstone Ventures, to accelerate product development and expand enterprise partnerships. The platform uses AI to analyze live sales data, helping organizations identify execution risks early and recommend proactive actions to improve sales outcomes. Founded by experienced enterprise software operators Ross Keating and Dermot OConnor, Overpath aims to address a critical gap in revenue technology by focusing on sales execution rather than retrospective analytics. Nicholas Lee, Director of Mindflair, highlighted the investment aligns with their strategy of backing differentiated AI companies solving real operational challenges. Mindflair continues to build a portfolio of high-growth AI-focused businesses across sectors like IoT, cybersecurity, and machine learning.
AI
Open Terminal Source RNS
BKS
BKS Beeks Trading Corporation L…
09:39
Market

PDMR Shareholding

Open Terminal Source RNS
FEN
FEN Frenkel Topping Group
09:37
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['JPMorgan Chase & Co.', '0.125026', '5.116626']
Open Terminal Source RNS
DRX
DRX Drax Group PLC
09:34
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
LMP
LMP LondonMetric Property Plc
09:31
Market

Appointment to the Remuneration Committee

Open Terminal Source RNS
CLDN
CLDN Caledonia Investments
09:31
Market

Director/PDMR Shareholding

Open Terminal Source RNS
80QT
80QT 80QT
09:30
Market

Moody's Credit Rating Update

Open Terminal Source RNS
JAR
JAR Jardine Matheson Holdings L…
09:28
Market

Transaction in Own Shares

Open Terminal Source RNS
IIG
IIG Intuitive Investments Group…
09:21
Market

Result of AGM

Open Terminal Source RNS
BKS
BKS Beeks Trading Corporation L…
09:20
Market

Exercise of Share Options

Open Terminal Source RNS
MKS
MKS Marks and Spencer Group PLC
09:19
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Norges Bank', '3.009180', '2.951680']
Open Terminal Source RNS
COST
COST Costain Group PLC
09:18
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['UBS Group AG-Investment Bank & Global Wealth Management', '8.372246', '7.933702']
Open Terminal Source RNS
GEN
GEN Genuit Group plc
09:18
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
GEN
GEN Genuit Group plc
09:16
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Wellington Management Group LLP', '4.370000', '4.300000']
Open Terminal Source RNS
BOWL
BOWL Hollywood Bowl Group PLC
09:15
Market

Result of AGM

Open Terminal Source RNS
GJ03
GJ03 GJ03
09:14
Market

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

Open Terminal Source RNS
BBSN
BBSN Brave Bison Group PLC
09:13
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Downing LLP', '6.030000', '5.720000']
Open Terminal Source RNS
WG.
WG. WG.
09:13
Market

Form 8.3

Open Terminal Source RNS
GPE
GPE GREAT PORTLAND ESTATES PLC
09:10
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
GJ03
GJ03 GJ03
09:10
Market

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

Open Terminal Source RNS
BARC
BARC Barclays PLC
09:08
Market

Form 8.5 EPT/Non RI DAUCH CORPORATION

Open Terminal Source RNS
BARC
BARC Barclays PLC
09:08
Market

Form 8.5 EPT/Non RI DOWLAIS GROUP PLC

Open Terminal Source RNS
GEN
GEN Genuit Group plc
09:07
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Wellington Management International Ltd', '4.370000', '4.300000']
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BARC
BARC Barclays PLC
09:07
Market

Form 8.5 EPT/Non RI BEAZLEY PLC

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DO72
DO72 DO72
09:07
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Form 8.5 (EPT/NON-RI)-British Land Company plc

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DO72
DO72 DO72
09:03
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Form 8.5 (EPT/NON-RI)-Life Science REIT plc

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WG.
WG. WG.
09:03
Market

Form 8.3

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DO72
DO72 DO72
09:02
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Rule 38.5_B - Avadel Pharmaceuticals plc

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GJ03
GJ03 GJ03
09:01
Market

Rule 38.5_A - Avadel Pharmaceuticals plc

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CRH
CRH CRH PLC
09:01
Market

Transaction in Own Shares

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PTSB
PTSB Permanent TSB Group Holding…
09:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
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96XN
96XN 96XN
09:01
Market

Quarterly Performance Update

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GJ03
GJ03 GJ03
08:54
Market

Form 8.5 (EPT/RI) - Oxford Biomedica plc

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DO72
DO72 DO72
08:53
Market

Form 8.5 (EPT/NON-RI)-Oxford Biomedica plc

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GJ03
GJ03 GJ03
08:53
Market

Form 8.5 (EPT/RI)-John Wood Group plc

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19UE
19UE 19UE
08:53
Market

Swedbank Mortgage's interim report...

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AZN
AZN AstraZeneca PLC
08:52
Market

AstraZeneca invests $15bn in China through 2030

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IRSH
IRSH IRSH
08:49
Market

Form 8.3 - NCC Group plc

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0H7D
0H7D Deutsche Bank AG NA O.N.
08:40
Market

Form 8.5 (EPT/RI) - JTC plc

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0H7D
0H7D Deutsche Bank AG NA O.N.
08:39
Market

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

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0H7D
0H7D Deutsche Bank AG NA O.N.
08:39
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Form 8.5 (EPT/RI) - Auction Technology Group plc

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DO72
DO72 DO72
08:38
Market

Stabilisation Notice

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STAF
STAF Staffline Group Plc
08:37
Market

Director/PDMR Shareholding

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BGEO
BGEO Lion Finance Group PLC
08:36
Market

Transaction in Own Shares - Replacement

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PEB
PEB Pebble Beach Systems Group …
08:32
Market

Director/PDMR Shareholding

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CRL
CRL Creightons Plc
08:32
Market

Director/PDMR Shareholding

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BHMG
BHMG BH Macro Limited
08:31
Market

Notice of Class Closure Meetings

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AMGO
AMGO Amigo Holdings PLC
08:25
Market

Notice of 2026 Annual General Meeting

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HKLD
HKLD HONGKONG LAND HLDGS
08:25
Market

Transaction in Own Shares

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NCC
NCC NCC Group plc
08:12
Market

Dealing Disclosure under Rule 8 Takeover Code

**Summary:** On **29 January 2026**, **Mike Maddison**, a person acting in concert with the offeree **NCC Group plc**, disclosed his interests and rights under **Rule 8 of the Takeover Code**. The disclosure, filed via **RNS** (Regulatory…

**Summary**
On **29 January 2026**, **Mike Maddison**, a person acting in concert with the offeree **NCC Group plc**, disclosed his interests and rights under **Rule 8 of the Takeover Code**. The disclosure, filed via **RNS** (Regulatory News Service), details Maddison’s holdings and options in **NCC Group plc** as of **23 January 2026**.
**Key Points**
1. **Holdings** Maddison owns **172,170 ordinary shares** (0.00055% of the company) with no short positions.
2. **Options** He holds **nil-cost options** and **deferred bonus options** totaling **3,405,052 shares** under various performance-based and bonus plans, granted between **2022 and 2026**. Vesting and lapse dates range from **2025 to 2036**.
3. **Dealings** No purchases, sales, or derivative transactions were reported.
4. **Other Arrangements** No indemnities, agreements, or understandings related to voting rights or derivatives were disclosed.
The disclosure complies with **Takeover Code** requirements, with no supplemental forms attached. **Elizabeth Duncan-Lee** is the contact for further inquiries.
**Purpose** The filing ensures transparency in dealings related to **NCC Group plc** during a potential takeover or offer process.
DirectorDealing
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NCC
NCC NCC Group plc
08:12
Market

Dealing Disclosure under Rule 8 Takeover Code

**Summary:** On **29 January 2026**, **Guy Ellis**, a person acting in concert with the offeree **NCC Group plc**, disclosed dealings under **Rule 8 of the Takeover Code**. The disclosure details Elliss interests and rights in **NCC Group…

**Summary**
On **29 January 2026**, **Guy Ellis**, a person acting in concert with the offeree **NCC Group plc**, disclosed dealings under **Rule 8 of the Takeover Code**. The disclosure details Elliss interests and rights in **NCC Group plc**s ordinary shares as of **23 January 2026**. Key points include
1. **Interests and Short Positions**
Ellis holds **1,833 ordinary shares** (0.00058% of the company), with no short positions.
2. **Rights to Subscribe**
Ellis holds **nil-cost options** and **deferred bonus options** totaling **1,376,079 shares** under various employee share plans, with vesting and lapse dates ranging from **2025 to 2036**.
3. **Dealings**
No purchases, sales, or derivative transactions were reported.
4. **Other Information**
No indemnity arrangements, agreements, or supplemental forms were disclosed.
The disclosure was made through **RNS**, the news service of the London Stock Exchange, and complies with the **Takeover Code** requirements. Contact details for further information are provided.
DirectorDealing
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TIBD
TIBD Halfords Group PLC
08:04
Market

Credit Rating

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0Q0J
0Q0J 0Q0J
08:03
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Amendment of Preferred Share Redemption Terms

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UFO
UFO Alien Metals Ltd
08:02
Market

Drill Programme Recommences at Munni Munni

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DSCV
DSCV Discoverie Group PLC
07:59
Market

Director/PDMR Shareholding

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INVP
INVP Investec PLC
07:55
Market

Form 8.5 (EPT/RI)-Dowlais Group plc

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INVP
INVP Investec PLC
07:39
Market

Form 8.5 (EPT/RI)-NCC Group plc

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0K1Y
0K1Y Mitsubishi UFJ Financial Gr…
07:38
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Form 8.3 - Rio Tinto Ltd and Rio Tinto PLC

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FORT
FORT Forterra PLC
07:34
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Morgan Stanley', '0.000000', '5.012657']
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AEP
AEP Anglo-Eastern Plantations P…
07:31
Market

Transaction in Own Shares

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SMSN
SMSN Samsung Electronics Co. Ltd
07:26
Market

Report on Share Disposition Results

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FTC
FTC Filtronic
07:26
Market

Appointment of Joint Corporate Broker

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EMH
EMH European Metals Holdings Li…
07:25
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Quarterly Activities/Appendix 5B Cash Flow Report

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SMSN
SMSN Samsung Electronics Co. Ltd
07:25
Market

Decision on Share Disposition

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SMSN
SMSN Samsung Electronics Co. Ltd
07:24
Market

Decision on Share Repurchase

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AO.
AO. AO.
07:14
Market

Director/PDMR Shareholding

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YTT
YTT YTT
07:05
Market

Estimated Results For The Year 2025

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THS
THS Tharisa plc
07:01
Market

Notification of major holdings

TR1 Buy

TR1 Buy
['Rance Holdings Limited', '9.4597', 0]
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0VL8
0VL8 Toronto-Dominion Bank
07:01
Market

Final Terms

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SMSN
SMSN Samsung Electronics Co. Ltd
06:53
Market

2025 Capex Results

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SMSN
SMSN Samsung Electronics Co. Ltd
06:53
Market

Year-End Dividend for FY2025

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LOGP
LOGP Lansdowne Oil & Gas
06:49
Market

Convertible Loan Agreement

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EQT
EQT EQTEC plc
06:34
Market

Placing, Debt Restructure and Acquisition

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RAT
RAT Rathbone Brothers PLC
06:31
Market

Transaction in Own Shares

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AEG
AEG Active Energy Group PLC
06:23
Market

Non-binding Heads of Terms Signed

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KNM
KNM Konami Holdings Corp
06:16
Market

Revision Consolidated/Dividend Forecast 03.2026

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BARC
BARC Barclays PLC
06:16
Market

Transaction in Own Shares

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KNM
KNM Konami Holdings Corp
06:14
Market

3rd Quarter Results

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0A3F
0A3F 0A3F
06:11
Market

Net Asset Value(s)

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0A3G
0A3G 0A3G
06:11
Market

Net Asset Value(s)

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

Net Asset Value(s)

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0A3E
0A3E 0A3E
06:11
Market

Net Asset Value(s)

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CMB1
CMB1 iShares FTSE MIB UCITS
06:11
Market

Net Asset Value(s)

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BBY
BBY Balfour Beatty plc
06:11
Market

Transaction in Own Shares

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TRST
TRST Trustpilot Group PLC
06:06
Market

Transaction in Own Shares

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TORO
TORO Toro Ltd
06:02
Market

Company Factsheet Available

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KOD
KOD Kodal Minerals PLC
06:02
Market

Exercise of Options and Performance Share Rights

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UKW
UKW Greencoat UK Wind PLC
06:02
Market

Transaction in Own Shares

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HVPE
HVPE HarbourVest Global Private …
06:02
Market

Transaction in Own Shares

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PIN
PIN Pantheon International PLC
06:02
Market

Monthly Performance Update

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BIPS
BIPS Invesco Bond Income Plus Li…
06:02
Market

WRAP Retail Offer

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SBAR
SBAR Sundae Bar Plc
06:01
Market

Update on Generalist AI Agent Development

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BUC
BUC Built Cybernetics plc
06:01
Market

MapBI Update

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BEG
BEG Begbies Traynor Group PLC
06:01
Market

Latest Red Flag Alert Report for Q4 2025

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JFJ
JFJ JPMorgan Japanese Investmen…
06:01
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Kepler Trust Intelligence: New Research

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GROW
GROW Draper Esprit PLC
06:01
Market

Kepler Trust Intelligence: New Research

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ARK
ARK Arkle Resources PLC
06:01
Market

Acquisition of Namibia Uranium and £1.7m Placing

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EKF
EKF EKF Diagnostics Holdings Plc
06:01
Market

Share Buyback

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TRLS
TRLS Trellus Health plc
06:01
Market

Grant of Share Options

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UTG
UTG Unite Group PLC
06:01
Market

Admission of New Shares &Transaction in Own Shares

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BLOE
BLOE Block Energy PLC
06:01
Market

Loan Facility & Related Party Transactions

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GRI
GRI Grainger PLC
06:01
Market

Construction begins on second Guildford BTR scheme

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

Appointment of Joint Corporate Broker

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CPH2
CPH2 Clean Power Hydrogen PLC
06:01
Market

Appointment of Joint Broker

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GPE
GPE GREAT PORTLAND ESTATES PLC
06:01
Market

GPE customer Vanta expands its Fitzrovia footprint

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GRP
GRP Greencoat Renewables PLC
06:01
Market

Net Asset Value and Dividend Announcement

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DOCS
DOCS Dr. Martens PLC
06:01
Market

EBT Share Purchase

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KP2
KP2 Kore Potash Plc
06:01
Market

Extension of Cleansing Prospectus Offer Period

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PPP
PPP Pennpetro Energy Plc
06:01
Market

CEO Kalugin In Situ Audit of Assets; Texas

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TKO
TKO Taseko Mines Limited
06:01
Market

Director/PDMR Shareholding

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SBTX
SBTX SkinBioTherapeutics PLC
06:01
Market

Holding(s) in Company

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

<mark style="background-coloryellow">TR1</mark> Buy
['Mark H Dixon and Diana Dixon', '19.312', 'n/a']
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LLOY
LLOY Lloyds Banking Group PLC
06:01
Market

2025 results

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

<mark style="background-coloryellow"></mark>
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OXB
OXB Oxford BioMedica PLC
06:01
Market

Rule 2.9 Announcement

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KOD
KOD Kodal Minerals PLC
06:01
Market

Board Update

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CIC
CIC Conygar Investment Co PLC
06:01
Market

Director/PDMR Dealing

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BLND
BLND British Land Company PLC
06:01
Market

Rule 2.9 Announcement

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LAND
LAND Land Securities Group PLC
06:01
Market

Directorate change

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JDG
JDG Judges Scientific Plc
06:01
Market

Grant of Options

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TORO
TORO Toro Ltd
06:01
Market

Dividend Declaration

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IPO
IPO IP Group
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Saba Capital Management, L.P.', '0.080478', '0.072883']
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EJFI
EJFI EJF Investments Ltd
06:01
Market

Dividend Declaration

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GMR
GMR Gaming Realms plc
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Vadim Perelman', '4.040000', '3.080000']
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PCTN
PCTN Picton Property Income Ltd
06:01
Market

Trading Update and NAV

Open Terminal Source RNS
PCTN
PCTN Picton Property Income Ltd
06:01
Market

Dividend Declaration

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STAR
STAR Star Energy Group Plc
06:01
Market

Additional Listing Director/PDMR Shareholding

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RNK
RNK Rank Group PLC
06:01
Market

Half-year Report

**Summary of Rank Group PLC Half-Year Report (H1 2025/26)** **Financial Performance Highlights:** - **Revenue Growth:** Like-for-like (LFL) net gaming revenue (NGR) increased by 6% to £419.8 million, driven by growth across all busine…

**Summary of Rank Group PLC Half-Year Report (H1 2025/26)**
**Financial Performance Highlights**
**Revenue Growth** Like-for-like (LFL) net gaming revenue (NGR) increased by 6% to £419.8 million, driven by growth across all business segments.
**Profitability** Underlying LFL operating profit rose by 15% to £40.6 million, despite a statutory operating profit decline to £31.3 million due to a £6.5 million loss from a payment fraud incident in Spain.
**Cash Position** Net cash (pre-IFRS 16) improved by 63% to £39.4 million, with net free cash flow at £3.8 million.
**Dividend** Interim dividend increased by 54% to 1.00 pence per share, reflecting confidence in the Group’s outlook.
**Segment Performance**
**Venues** LFL NGR grew by 5% to £296.1 million, with Grosvenor venues up 6% and Mecca venues up 4%.
**Digital** LFL NGR increased by 8% to £123.7 million, led by 17% growth in Grosvenor online and 5% in Mecca online.
**International** Spain’s digital revenues grew by 1%, while Portugal’s YoBingo soft launch was successful, with a full launch planned for February 2026.
**Strategic Initiatives**
**Grosvenor Venues** Installed 850 additional gaming machines across 37 venues, with plans to optimize product offerings and layouts in H2.
**Digital Mitigation** Implemented measures to offset the impact of the Remote Gaming Duty (RGD) increase from 21% to 40%, including reduced media spend and renegotiated supplier contracts.
**Safer Gambling** Enhanced customer monitoring systems and joined GamProtect, a cross-operator data-sharing initiative to protect vulnerable customers.
**Challenges**
**Cost Headwinds** Increased employment costs and the RGD hike will impact profitability, particularly in Q4 and beyond.
**Fraud Incident** A £6.5 million loss from payment fraud in Spain was classified as a separately disclosed item.
**Outlook**
**Medium-Term Target** Remains focused on delivering at least £100 million in annual operating profit.
**Leadership Transition** John OReilly retired as CEO, with Richard Harris appointed as interim CEO.
**Sustainability and Governance**
**Environmental** Achieved a 41% reduction in emissions, driven by renewable energy adoption and decarbonization efforts.
**Board Changes** John H. Ott appointed as Chair, replacing Karen Whitworth.
**Conclusion**
Rank Group demonstrated resilience with strong H1 performance, despite challenges like the RGD increase and fraud incident. Strategic investments in venues and digital, coupled with cost mitigation measures, position the Group to navigate headwinds and pursue its medium-term profit target.
Here’s an HTML table comparing the financials and debt year on year for Rank Group PLC based on the provided text:
MetricH1 2025/26H1 2024/25Change
Financial KPIs
Group Underlying LFL Net Gaming Revenue (NGR)£419.8m£395.6m6%
Venues Underlying LFL NGR£296.1m£280.8m5%
Digital Underlying LFL NGR£123.7m£114.8m8%
Underlying LFL Operating Profit£40.6m£35.2m15%
Net Cash Pre IFRS 16£39.4m£24.2m63%
Underlying Earnings Per Share5.6p4.8p17%
Return on Capital Employed (ROCE)15.9%13.3%2.6 %pts
Statutory Performance
Reported NGR£420.0m£401.8m5%
Total Group Operating Profit£31.3m£35.2m(11)%
Profit Before Taxation£23.9m£29.4m(19)%
Profit After Taxation£18.5m£24.9m(26)%
Net Free Cash Flow£3.8m£4.3m(12)%
Net Debt£(165.1)m£(124.1)m33%
Basic Earnings Per Share4.0p5.3p(25)%
Dividend Per Share1.00p0.65p54%
### Key Highlights: 1. **Revenue Growth**: Group underlying LFL NGR increased by 6% to £419.8m, driven by growth across all businesses. 2. **Profitability**: Underlying LFL operating profit rose by 15% to £40.6m, despite cost pressures. 3. **Net Cash**: Net cash pre IFRS 16 increased significantly by 63% to £39.4m. 4. **Debt**: Net debt increased by 33% to £(165.1)m, primarily due to lease liabilities. 5. **Dividend**: Dividend per share increased by 54% to 1.00p, reflecting confidence in the Group's outlook. This table provides a clear comparison of key financial metrics and debt levels between H1 2025/26 and H1 2024/25.
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MAJE
MAJE Majedie Investments
06:01
Market

Dividend Declaration

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MVI
MVI Marwyn Value Investors Limi…
06:01
Market

Interim Dividend to Ordinary Shareholders

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BKY
BKY Berkeley Energy Ltd
06:01
Market

Quarterly Report December 2025

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CRST
CRST Crest Nicholson Holdings plc
06:01
Market

Final Results

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ALL
ALL Atlantic Lithium Ltd
06:01
Market

Quarterly Activities and Cash Flow Report

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WNX
WNX Wellnex Life Limited
06:01
Market

Q2 FY26 Quarterly Update and Appendix 4C

**Summary of Wellnex Life Limited Q2 FY26 Quarterly Update and Appendix 4C** Wellnex Life Limited (ASX/AIM: WNX) released its Q2 FY26 quarterly update and Appendix 4C on January 29, 2026, highlighting significant operational and financi…

**Summary of Wellnex Life Limited Q2 FY26 Quarterly Update and Appendix 4C**
Wellnex Life Limited (ASX/AIMWNX) released its Q2 FY26 quarterly update and Appendix 4C on January 29, 2026, highlighting significant operational and financial improvements. Key takeaways include
1. **Financial Performance**
Operating cash outflow improved to $(0.16) million, a substantial reduction from $(2.98) million in Q1 FY26, driven by 31.5% quarter-on-quarter (QoQ) revenue growth and cost-cutting measures.
Customer cash receipts rose to $5.10 million, up from $4.54 million in Q1 FY26.
Total revenue increased to $7.1 million, with IP Licensing revenue surging by 1,000% to $3.3 million, offsetting a 25.5% decline in Brands revenue to $3.8 million due to strategic consolidation of non-core assets.
Gross profit grew by 16.7% to $2.1 million.
2. **Cash Position**
Quarter-end cash balance increased to $0.98 million, with $2.01 million in undrawn financing facilities available.
Total financing facilities stood at $11.65 million, with $9.65 million drawn.
3. **Strategic Focus**
The company continues its turnaround strategy, focusing on core brands like Pain Away, improving cash conversion, and strengthening the balance sheet.
Manufacturing and operating cash flows normalized after a one-off raw material purchase in Q1 FY26.
4. **Corporate Updates**
Payments of $0.36 million were made to related parties for directors fees, executive remuneration, and associated costs.
The Board remains optimistic about execution and engagement across the business, with efforts to enhance margins and reduce costs.
5. **Investor Engagement**
Executive Chairman Ash Vesali will host a live investor briefing on February 2, 2026, at 11 am (AEDT).
6. **Appendix 4C Highlights**
Net cash from operating activities improved to $(0.16) million.
Financing activities contributed $0.965 million in net cash.
Estimated cash available for future operations is $2.98 million, sufficient for approximately 18.3 quarters based on current cash outflows.
Wellnex Life remains committed to its strategic goals, with a focus on profitability and sustainable growth.
Below is an HTML table comparing the financials and debt year on year based on the provided text. The table includes key metrics such as revenue, gross profit, cash balance, and debt levels for Q2 FY26 and Q1 FY26.
MetricQ2 FY26Q1 FY26% Change
Revenue
Brands$3.8 million$5.1 million(25.5%)
IP Licensing$3.3 million$0.3 million1000%
Total Revenue$7.1 million$5.4 million31.5%
Gross Profit$2.1 million$1.8 million16.7%
Operating Cash Flow$(0.16) million$(2.98) million94.6% Improvement
Customer Cash Receipts$5.10 million$4.54 million12.3%
Cash Balance (Quarter End)$0.98 millionNot ProvidedN/A
Total Debt Drawn$9.65 millionNot ProvidedN/A
Unused Financing Facilities$2.01 millionNot ProvidedN/A
### Notes: 1. **Year-on-Year Comparison**: The provided text only includes data for Q2 FY26 and Q1 FY26, so a full year-on-year comparison is not possible. The table compares the two quarters instead. 2. **Debt and Cash Balance**: The debt and cash balance figures are based on the information provided in the Appendix 4C and the main text. 3. **Percentage Changes**: Calculated based on the available data for Q2 FY26 and Q1 FY26. This table provides a clear comparison of key financial metrics between Q2 FY26 and Q1 FY26, highlighting improvements and changes in revenue, cash flow, and debt levels.
Open Terminal Source RNS
SOM
SOM Somero Enterprise Inc
06:01
Market

Trading Update

**Summary:** Somero Enterprises Inc. released a trading update for the financial year ended 31 December 2025, highlighting improved performance in the second half (H2) of the year. Key points include: 1. **Financial Performance:** -…

**Summary**
Somero Enterprises Inc. released a trading update for the financial year ended 31 December 2025, highlighting improved performance in the second half (H2) of the year. Key points include
1. **Financial Performance**
FY 2025 revenue is expected to be approximately **US$88.9 million**, in line with guidance and market expectations, with H2 revenues up **23.4%** to **US$49.1 million**.
New product launches, including the S-15EZ and Hammerhead Laser Screed, contributed **US$13.0 million** in H2.
FY 2025 adjusted EBITDA is expected to be **US$17.5 million**, and year-end cash is better than anticipated at **US$33.2 million**.
2. **Regional Performance**
**North America** revenues declined to **US$68.1 million** due to mixed demand in non-residential construction.
**Europe** revenues improved in H2 but remained lower at **US$8.9 million** due to macroeconomic and geopolitical challenges.
**Australia** revenues normalized to **US$5.6 million** (down 15%) after exceptional growth in prior periods.
**Rest of World** revenues remained consistent at **US$6.3 million**.
3. **Strategic Progress**
The company is advancing its long-term strategy under the pillars of **Fortify, Innovate, and Amplify**, with initiatives underway to strengthen market presence and product offerings.
4. **Outlook for FY 2026**
The Board anticipates **market volatility** to continue, with overall trading expected to be **broadly similar** to FY 2025.
Strategic initiatives, including expanding the product range, are expected to contribute meaningfully to FY 2026 performance.
5. **Management Commentary**
CEO Tim Averkamp emphasized strong H2 performance, positive customer response to new products, and disciplined execution despite near-term uncertainties.
The company remains focused on innovation, margin protection, and preparing for growth when market conditions improve.
Someros final results for 2025 are scheduled for release on **10 March 2026**.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY 2025FY 2024Change
Revenue (US$ m)88.9109.2-18.6%
North America68.182.2-17.2%
Europe8.914.6-39.0%
Australia5.66.6-15.2%
Rest of World6.35.8+8.6%
Parts and Service Revenue17.019.1-11.0%
Adjusted EBITDA (US$ m)17.5Not ProvidedN/A
Year-End Cash (US$ m)33.2Not ProvidedN/A
### Notes: 1. **Revenue**: The overall revenue decreased by 18.6% from FY 2024 to FY 2025. Regional breakdowns show declines in North America, Europe, and Australia, with a slight increase in the Rest of World segment. 2. **Parts and Service Revenue**: Declined by 11.0%, a smaller decrease compared to overall revenue. 3. **Adjusted EBITDA and Year-End Cash**: FY 2024 figures were not provided, so the change is marked as N/A. 4. **Debt**: No specific debt figures were mentioned in the text, so it is not included in the table. This table provides a clear year-on-year comparison of the key financials mentioned in the text.
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PLSR
PLSR Pulsar Helium Inc.
06:01
Market

Financial and Operating Results YE Sept 30, 2025

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QUBE
QUBE Quantum Base Holdings PLC
06:01
Market

Interim Results

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WIZZ
WIZZ Wizz Air Holdings PLC
06:01
Market

Q3 F26 RESULTS

**Summary of Wizz Air Holdings PLC Q3 F26 Results (January 29, 2026):** Wizz Air Holdings PLC, Europes most emissions-efficient airline, reported its unaudited Q3 F26 results for the period ending December 31, 2025. The airline demonstrat…

**Summary of Wizz Air Holdings PLC Q3 F26 Results (January 29, 2026):**
Wizz Air Holdings PLC, Europes most emissions-efficient airline, reported its unaudited Q3 F26 results for the period ending December 31, 2025. The airline demonstrated robust growth and operational resilience despite ongoing challenges, including GTF engine-related disruptions.
**Key Highlights**
1. **Financial Performance**
**Revenue Growth** Total revenue increased by 10.2% to €1,296.4 million, driven by a 12.5% rise in passengers carried to 17.5 million.
**EBITDA Improvement** EBITDA grew by 12.2% to €176.2 million, with an EBITDA margin of 13.6%.
**Operating Loss** Operating loss widened to €123.9 million, primarily due to higher depreciation charges related to older aircraft maintenance.
**Net Loss** Net loss decreased to €139.3 million from €241.1 million in the same period last year.
**Cash Position** Total cash increased by 14.3% to €1,984.8 million, while net debt rose slightly to €5,196.0 million.
2. **Operational Metrics**
**Capacity Expansion** ASK capacity grew by 11.1%, with a 13.1% increase in seats, despite shorter stage lengths.
**Load Factor** Load factor slightly decreased to 89.8% from 90.3%.
**RASK and CASK** Total unit revenue (RASK) declined by 0.8% to €3.83 cents, while total unit cost (CASK) increased by 2.3% to €4.35 cents, driven by higher depreciation, fuel, and airport charges.
3. **Fleet and Network**
**Fleet Growth** Fleet size expanded to 257 aircraft, with a focus on NEO aircraft, which now constitute nearly 75% of the fleet.
**Network Expansion** CEE market share reached 26%, maintaining Wizz Airs position as the largest CEE operator. New flights were announced across several European cities.
**GTF Engine Issues** Progress was made in addressing GTF engine inspections, with grounded aircraft decreasing to 33 from 40 in December 2024.
4. **Strategic Initiatives**
**Sustainability** Wizz Air maintained its leadership in CO2 emissions efficiency, with a 12-month rolling emissions rate of 50.8g per passenger kilometer.
**Ancillary Products** The All You Can Fly initiative continued to show encouraging results, with a third phase launched offering 10,000 new annual memberships.
**Employee Engagement** Overall employee engagement score increased to 7.5, reflecting improved workplace satisfaction.
5. **Outlook**
**Capacity and Load Factor** ASK capacity is expected to grow by around 10% in F26, with a load factor above 91%.
**Unit Revenue and Costs** Flat unit revenue and modest inflation in total unit costs are forecasted, driven by higher navigation and maintenance costs.
**Net Income** Expected to be in the range of +€25 to -€25 million.
**Leadership Changes**
Ian Malin appointed as Chief Commercial Officer.
Veronika Špaňárová appointed as Chief Financial Officer.
Michael Delehants role renamed to Group Managing Director.
**Conclusion**
Wizz Air demonstrated resilience and growth in Q3 F26, navigating challenges while expanding its network and fleet. The airline remains focused on operational efficiency, sustainability, and strategic initiatives to drive long-term success.
Here’s an HTML table comparing the financials and debt year on year for Wizz Air Holdings PLC based on the provided text:
Metric20252024Change
Period-end fleet size25722613.7%
ASKs (million km)33,84930,48011.1%
Load factor (%)89.890.3(0.5) ppt
Passengers carried (million)17.515.512.5%
Total revenue (€ million)1,296.41,176.810.2%
EBITDA (€ million)176.2157.112.2%
EBITDA Margin (%)13.613.30.2 ppt
Operating loss (€ million)(123.9)(75.9)63.3%
Net loss (€ million)(139.3)(241.1)(42.2)%
Total cash (€ million)1,984.81,736.014.3%
Net debt (€ million)5,196.04,956.34.8%
### Explanation: - **Metrics**: Key financial and operational metrics are listed in the first column. - **2025 and 2024**: Values for the respective years are provided in the adjacent columns. - **Change**: Percentage change or point change (for percentages) between 2025 and 2024 is shown in the last column. This table provides a clear comparison of the year-on-year changes in financials and debt for Wizz Air Holdings PLC.
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FRAS
FRAS Frasers Group PLC
06:01
Market

Transaction in Own Shares

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CAN
CAN Groupe Canal Plus
06:01
Market

CANAL+ MULTICHOICE SYNERGIES UPDATE

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ZEG
ZEG Zegona Communications Plc
06:01
Market

Transaction in Own Shares

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PETS
PETS Pets at Home Group Plc
06:01
Market

Transaction in Own Shares

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APTA
APTA Aptamer Group PLC
06:01
Market

Contract wins and first cash licensing receipts

**Summary:** Aptamer Group PLC, a developer of next-generation synthetic binders for the life sciences industry, announced significant commercial progress on January 29, 2026. The company secured **£190,000 in new fee-for-service contract…

**Summary**
Aptamer Group PLC, a developer of next-generation synthetic binders for the life sciences industry, announced significant commercial progress on January 29, 2026. The company secured **£190,000 in new fee-for-service contracts and extensions**, including repeat business with top-tier pharmaceutical partners, bringing its FY26 fee-for-service order book to over **£2.1 million**. Additionally, Aptamer received its **first cash licensing receipts of £80,000** from a hot-start PCR Optimer® license, marking the transition to high-margin, recurring revenues.
Key highlights include
**Repeat contracts** with a top-10 global pharmaceutical company and other leading industry players, demonstrating sustained adoption of the Optimer® platform.
A new Optimer® development program for novel fertility solutions, with Aptamer retaining full intellectual property rights for potential downstream licensing.
The first cash licensing receipts are expected to contribute **15% of annual overhead** over the next three years, showcasing operational leverage.
A strong financial position with funding runway through **June 2027**, supporting continued revenue growth and progress toward cash-flow break-even.
CEO Dr. Arron Tolley emphasized the company’s progress in building a higher-quality, recurring revenue business, with confidence in delivering year-on-year growth and enhancing shareholder value.
NewContract
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KRM
KRM KRM22 Plc
06:01
Market

Trading Update

**Summary:** KRM22 plc, a technology and software investment company focused on risk management in capital markets, released a trading update for the fiscal year 2025 (FY2025) on January 29, 2026. Key financial highlights include: 1. **A…

**Summary**
KRM22 plc, a technology and software investment company focused on risk management in capital markets, released a trading update for the fiscal year 2025 (FY2025) on January 29, 2026. Key financial highlights include
1. **Annual Recurring Revenue (ARR)** £7.6 million, a 19% growth at constant FX rates compared to FY2024 (£6.6 million). New contracted ARR was £1.6 million, driven by cross-sales and contractual price increases.
2. **Total Revenue** Approximately £7.5 million, an 11% increase from FY2024 (£6.8 million).
3. **Adjusted EBITDA:** £0.7 milliondown from £1.0 million in FY2024.
4. **Cash Position** Gross and net cash of £5.2 million as of December 31, 2025, significantly improved from a net debt of £3.5 million in FY2024, following a successful £9.2 million fundraise in November 2025.
The company attributed ARR growth to cross-sales of its Risk Manager, Limits Manager, and Market Surveillance applications, as well as contractual price increases. Churn of £0.4 million was primarily due to two institutional customers canceling Market Surveillance licenses but signing new multi-year contracts for other KRM22 applications.
With a strengthened cash position, KRM22 plans to invest in sales, marketing, and development to expand its risk management applications and offer multi-asset solutions. CEO Dan Carter emphasized the company’s strong sales pipeline, robust balance sheet, and strategic focus for continued growth in 2026. Audited results for FY2025 are expected in May 2026.
Below is the HTML table code comparing the financials and debt year-on-year for KRM22 PLC based on the provided text:
MetricFY2024FY2025Change
Annual Recurring Revenue (ARR)£6.6m (£6.4m at constant FX)£7.6m (£7.6m at constant FX)+19% (at constant FX)
New Contracted ARR£1.7m£1.6m-6%
Total Revenue Recognised£6.8m£7.5m+11%
Adjusted EBITDA£1.0m£0.7m-30%
Gross Cash£1.0m£5.2m+420%
Net Cash/(Debt)Net Debt £3.5mNet Cash £5.2mDebt-free (from net debt)
FundraiseN/A£9.2m (Nov 2025)N/A
### Key Notes: - **ARR Growth**: 19% growth at constant FX rates, from £6.4m in FY2024 to £7.6m in FY2025. - **Revenue Growth**: 11% increase in total revenue recognised, from £6.8m to £7.5m. - **Adjusted EBITDA**: Decreased by 30%, from £1.0m to £0.7m. - **Cash Position**: Significant improvement in gross cash from £1.0m to £5.2m, and moved from net debt of £3.5m to net cash of £5.2m. - **Fundraise**: £9.2m raised in November 2025, enabling the company to become debt-free. This table provides a clear comparison of key financial metrics between FY2024 and FY2025 for KRM22 PLC.
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GROC
GROC Greenroc Mining PLC
06:01
Market

Amitsoq update and exercise of warrants

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NXQ
NXQ Nexteq PLC
06:01
Market

Transaction in Own Shares and Total Voting Rights

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PEY
PEY Princess Private Equity Hol…
06:01
Market

Transaction in Own Shares

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81BO
81BO 81BO
06:01
Market

Swedbank’s Full-year report 2025

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TPFG
TPFG Property Franchise Group PLC
06:01
Market

FY25 Trading Update

**Summary:** The Property Franchise Group PLC (TPFG) reported a strong FY25 performance, highlighting significant organic growth and profitability slightly ahead of market expectations. Key highlights include: - **Revenue Growth**: Group…

**Summary**
The Property Franchise Group PLC (TPFG) reported a strong FY25 performance, highlighting significant organic growth and profitability slightly ahead of market expectations. Key highlights include
**Revenue Growth**Group revenue increased by 25% to £84.3 million, with a 9% pro-forma increase. Recurring revenue sources accounted for 51% of total revenue.
**Division Performance**
**Franchising**Revenue grew 16% to £47.5 million, driven by lettings and sales management services fees (MSF), despite a challenging lettings market. The launch of the Privilege program added £1.5 million in new revenue.
**Financial Services**Revenue increased 26% to £24.2 million, supported by improved advisor productivity and lower borrowing costs. Total mortgages written rose to 25,000, amounting to £4.4 billion in lending.
**Licensing**Revenue surged 75% to £12.6 million, with Fine & Country expanding internationally.
**Acquisitions**Post-year-end, TPFG acquired an 85% stake in Smart Advice Financial Solutions Ltd, expected to enhance earnings immediately.
**Net Debt Reduction**Net debt decreased to £2.3 million from £9.1 million in 2024.
**Outlook for 2026**TPFG aims to capitalize on its scale, expand the Privilege program, advance AI initiatives, and pursue acquisitions. Despite modest rental inflation, growth is expected across all divisions, supported by a strong sales pipeline and reduced lending costs.
CEO Gareth Samples emphasized the successful integration of acquisitions, revenue growth, and the resilience of TPFGs diversified business model, positioning the company for continued expansion in 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY2025FY2024ChangePro-forma Change
Group Revenue£84.3m£67.3m+25%+9%
Franchising Revenue£47.5m£40.9m+16%+9%
- Lettings MSF£21.6m£19.0m+14%+5%
- Sales MSF£10.5m£9.3m+13%+9%
Financial Services Revenue£24.2m£19.2m+26%+10%
Licensing Revenue£12.6m£7.2m+75%+3%
Net Debt£2.3m£9.1m-75%-
Recurring Revenue (%)51%52%-1%-
Mortgages Written25,00023,000+9%-
Lending Volume£4.4bn---
### Key Notes: - **Pro-forma** figures include revenues earned by Belvoir Group and GPEA within H1 2024 prior to acquisition. - **MSF** stands for Management Services Fees. - **Net Debt** decreased significantly from £9.1m in FY2024 to £2.3m in FY2025. - **Recurring Revenue** percentage slightly decreased from 52% to 51%. This table provides a clear comparison of key financial metrics and debt between FY2025 and FY2024, including pro-forma adjustments where applicable.
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TBCG
TBCG TBC Bank Group PLC
06:01
Market

Transaction in Own Shares

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ACSO
ACSO Accesso Technology Group PLC
06:01
Market

Trading Update and Tender Offer

**Summary:** **Accesso Technology Group PLC** (AIM: ACSO) released a trading update and tender offer announcement on January 29, 2026. Key highlights include: 1. **Trading Update for 2025**: - Revenue is expected to be slightly ahea…

**Summary**
**Accesso Technology Group PLC** (AIMACSO) released a trading update and tender offer announcement on January 29, 2026. Key highlights include
1. **Trading Update for 2025**
Revenue is expected to be slightly ahead of market expectations at approximately $155 million.
Cash EBITDA margins are approaching 15%, reflecting operational efficiency and cost management.
Net cash as of December 312025was $30 millionsupported by strong cash generation.
2. **Tender Offer**
The Board plans to repurchase up to £14.5 million of the Company’s shares at £3.00 per share, following the completion of its 2025-2026 share repurchase program.
Details of the tender offer, including timetable and terms, will be communicated to shareholders later.
3. **Outlook for 2026**
Despite challenges in 2025, including changes in services to key customers, the Group entered 2026 with strong commercial momentum.
Management has aligned costs with market conditions and strategic priorities, enhancing business resilience.
The 2026 outturn is expected to be in line with current market expectations.
4. **Customer Updates**
A major customer has continued service into 2026, with updated commercial arrangements nearing completion.
Another major customer will not renew its agreement beyond January 31, 2026, as anticipated.
5. **Company Overview**
Accesso is a premier technology solutions provider for leisure, entertainment, and cultural markets, serving over 1,100 venues in 33 countries.
The company focuses on improving guest experiences and driving revenue for clients through innovative technology solutions.
The announcement constitutes inside information under the Market Abuse Regulations (EU) No. 596/2014 and is now in the public domain.
Offers
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KGF
KGF Kingfisher PLC
06:01
Market

Transaction in Own Shares

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FSJ
FSJ James Fisher and Sons PLC
06:01
Market

Full Year Trading Update and Notice of Results

**Summary:** James Fisher and Sons plc, a leading marine services company, released a full-year trading update for 2025 (FY25) on January 29, 2026, ahead of its official results announcement on March 12, 2026. The company reported strong …

**Summary**
James Fisher and Sons plc, a leading marine services company, released a full-year trading update for 2025 (FY25) on January 29, 2026, ahead of its official results announcement on March 12, 2026. The company reported strong performance, with underlying operating profit exceeding market expectations at approximately £28 million, driven by a 4% like-for-like revenue growth to £395 million and an improved margin of around 7%. Key highlights include
1. **Improved Trading Performance** Second-half trading strengthened, supported by favorable end markets, despite some softness in oil and gas.
2. **Strategic Initiatives** Focus on productivity, supply chain efficiency, and business mix optimization contributed to profit growth.
3. **Division Performance**
**Energy Division** Solid results in Energy Services and Renewables, with mixed performance in specific product lines.
**Defence Division** Enhanced performance with strategic contract wins, including a significant award for the Polish Navy.
**Maritime Transport** Strong results driven by high utilization in Tankships and increased seasonal activity.
4. **Financial Health** Net debt/EBITDA remained within the target range of 1.0-1.5x, supported by disciplined cash management.
5. **Outlook** The company remains confident in delivering further progress in 2026, with expectations of continued seasonal weighting toward the second half.
CEO Jean Vernet highlighted progress toward medium-term targets and long-term growth opportunities, emphasizing the company’s streamlined portfolio, strengthened product base, and international expansion. Full-year results for FY25 will be announced on March 12, 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">James Fisher & Sons plc Financials Comparison

James Fisher & Sons plc Financials Comparison (FY24 vs FY25)

MetricFY24FY25Change
Revenue (£m)~£379.8*~£395+4% (like-for-like)
Underlying Operating Profit (£m)~£25.5†~£28Ahead of expectations
Operating Margin~6.7%‡~7%Improved
Net Debt / EBITDAWithin 1.0-1.5xWithin 1.0-1.5xMaintained
* Calculated based on FY25 revenue growth of 4% like-for-like.
† Consensus mean underlying operating profit (continuing operations) for FY24.
‡ Estimated based on FY24 revenue and operating profit.

Notes:

  • FY24 figures are estimated or based on consensus where actual data is not provided.
  • FY25 figures are as per the trading update released on 29 January 2026.
  • Like-for-like growth adjusts for 2024 disposals (RMSpumptools and Martek; FY24 revenue £31.7m) and staged closures of IRM Middle East and Africa businesses.
### Explanation: 1. **Revenue**: FY24 revenue is estimated by reversing the 4% like-for-like growth in FY25. 2. **Underlying Operating Profit**: FY24 figure is based on the consensus mean provided in the notes. 3. **Operating Margin**: Calculated as Operating Profit / Revenue. 4. **Net Debt / EBITDA**: Maintained within the target range for both years. The table includes footnotes for clarity and assumptions made due to the lack of explicit FY24 data in the provided text.
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BOOT
BOOT Henry Boot PLC
06:01
Market

Trading Statement

**Summary:** Henry Boot PLC, a UK-based land promotion, property investment, and home building company, released a trading update for the year ended 31 December 2025. Despite global economic and political uncertainties, the company delive…

**Summary**
Henry Boot PLC, a UK-based land promotion, property investment, and home building company, released a trading update for the year ended 31 December 2025. Despite global economic and political uncertainties, the company delivered a resilient performance, driven by strong demand for its high-quality residential land. Key highlights include
1. **Financial Performance**Full-year profits are expected to be in line with market expectations (£29.7m), supported by the sale of Henry Boot Construction (HBC) and strong land sales.
2. **Strategic Progress**
Accelerated planning applications for over 11,000 plots within Hallam Land.
Strengthened Stonebridge Homes (SBH) by increasing ownership and expanding its landbank.
Simplified the group through the sale of HBC, focusing on high-quality land and premium homes.
3. **Operational Updates**
Hallam Land achieved record residential plot sales (3,957 plots) and secured consent for 4,159 plots.
HBD completed schemes with a GDV of £119m and expanded its Industrial and Logistics (I&L) joint venture, Origin.
SBH faced softer trading conditions, completing 185 homes (<mark style="background-color:yellow">below</mark> target), but expanded its landbank to 2,572 plots.
4. **Outlook**
The company expects 2026 profit before tax to be significantly below market expectations (£33.6m) due to subdued transaction activity, macroeconomic uncertainty, and the expiry of the profitable Road Link contract.
Long-term prospects remain positive, supported by a strong pipeline, disciplined investment approach, and a focus on key markets (residential, industrial/logistics, and urban development).
Henry Boot remains well-positioned for medium-term growth, with a strong balance sheet and strategic focus on high-quality land and premium developments.
Below is the HTML table code comparing the financials and debt year-on-year for Henry Boot PLC based on the provided text:
Metric20242025Change
Residential Plot Sales (Hallam Land)2,661 plots3,957 plots+1,296 plots (+48.7%)
Consented Plots (Hallam Land)2,982 plots4,159 plots+1,177 plots (+39.5%)
Homes Completed (Stonebridge Homes)270 homes185 homes-85 homes (-31.5%)
Net Debt£62.7m£108m+£45.3m (+72.2%)
Profit Before Tax (Market Consensus)N/A£29.7m (2025)N/A
Expected Profit Before Tax (2026)N/ASignificantly below £33.6mN/A
### Explanation: 1. **Residential Plot Sales (Hallam Land)**: Increased from 2,661 plots in 2024 to 3,957 plots in 2025. 2. **Consented Plots (Hallam Land)**: Increased from 2,982 plots in 2024 to 4,159 plots in 2025. 3. **Homes Completed (Stonebridge Homes)**: Decreased from 270 homes in 2024 to 185 homes in 2025. 4. **Net Debt**: Increased from £62.7m in 2024 to £108m in 2025. 5. **Profit Before Tax (Market Consensus)**: Provided for 2025 as £29.7m, with no comparable figure for 2024. 6. **Expected Profit Before Tax (2026)**: Expected to be significantly below £33.6m, with no comparable figure for 2025. This table provides a clear comparison of key financials and debt metrics between 2024 and 2025, along with the expected outlook for 2026.
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TRB
TRB Tribal Group plc
06:01
Market

Trading Update and Notice of Results

**Summary:** Tribal Group PLC, a leading provider of software and services to the international education market, released a trading update for the year ended 31 December 2025 (FY25), highlighting a strong performance. The company expects…

**Summary**
Tribal Group PLC, a leading provider of software and services to the international education market, released a trading update for the year ended 31 December 2025 (FY25), highlighting a strong performance. The company expects to report revenue and adjusted EBITDA slightly ahead of recently upwardly revised market expectations. Key achievements include
1. **Financial Performance**
Substantially improved net cash position of £11.4m (FY24: net debt of £3.2m), driven by increased profitability, reduced capex, exceptional working capital performance, and a one-off advance customer payment of £3.2m.
Healthy demand for Student Information Solutions (SIS), with key go-lives at prominent universities and significant product upgrades.
Etio, Tribals education services business, contributed improved performance due to operational efficiencies and strategic changes.
2. **Recurring Revenue Growth**
Closing Annual Recurring Revenue (ARR) increased by 11% to £63.3m, driven by new customer wins, upgrades, and the implementation of the Higher Education Full-Service (HEFS) subscription licence.
Contracted ARR grew by 14% to £65m.
3. **Strategic Progress**
Successful deployment of the HEFS subscription model, providing greater revenue visibility, margin resilience, and improved cash flow.
Continued momentum in SaaS transformation, with a large proportion of Higher Education customers onboarded to the subscription model, facilitating cloud migration and deeper customer engagement.
4. **Outlook**
The Group remains committed to driving recurring revenue growth and cloud adoption, supported by a strengthened balance sheet and long-term customer relationships.
Financial pressure on the Higher Education sector is accelerating demand for Tribals cost-effective digital transformation solutions, positioning the company for sustainable growth.
The Board anticipates adjusted EBITDA and cash performance in FY26 to exceed current market expectations.
**Notice of Results**Tribal Group expects to announce its audited full-year results on 26 March 2026.
**CEO Comment**Mark Pickett highlighted FY25 as a transformational year, with improved profitability, a return to net cash, and significant progress in the SaaS strategy. The company enters FY26 in a strong position, anticipating continued momentum and performance ahead of market expectations.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY24FY25Change
Revenue£87.5m (implied from FY25 expectations)Slightly ahead of £90.75m (market expectation)+~3.7% (estimated)
Adjusted EBITDA£15.0m (implied from FY25 expectations)Slightly ahead of £16.5m (market expectation)+~10.0% (estimated)
Net Cash/Debt PositionNet Debt of £3.2mNet Cash of £11.4m+£14.6m (from net debt to net cash)
Closing Annual Recurring Revenue (ARR)£57.0m (constant currency)£63.3m+11%
Contracted ARR£57.0m (constant currency)£65.0m+14%
### Explanation: 1. **Revenue and Adjusted EBITDA**: FY25 figures are "slightly ahead" of market expectations for FY25 (£90.75m revenue and £16.5m adjusted EBITDA). FY24 figures are implied based on the growth and expectations provided. 2. **Net Cash/Debt Position**: FY24 had a net debt of £3.2m, while FY25 achieved a net cash position of £11.4m, marking a significant improvement. 3. **ARR and Contracted ARR**: Both metrics show year-on-year growth, with ARR increasing by 11% and Contracted ARR by 14%. This table provides a clear comparison of key financial metrics and debt position between FY24 and FY25.
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LUCE
LUCE Luceco plc
06:01
Market

2025 Full Year Trading Update

**Summary:** Luceco PLC, a leading designer and manufacturer of residential and commercial electrification products, released its 2025 full-year trading update on January 29, 2026, highlighting a strong performance that exceeded market ex…

**Summary**
Luceco PLC, a leading designer and manufacturer of residential and commercial electrification products, released its 2025 full-year trading update on January 29, 2026, highlighting a strong performance that exceeded market expectations. Key points include
1. **Financial Performance**
Revenue grew by 12% to £271 million, driven by a 6% like-for-like growth in the second half and a significant 85% increase in EV charging sales to £18 million.
Adjusted Operating Profit rose by 15% to at least £33.5 million, surpassing the top end of market expectations, with margins exceeding 12%.
2. **Operational Highlights**
Strong momentum in EV charging and solid growth in wiring accessories and LED products.
Manufacturing efficiency improvements and synergies from acquisitions, including CMD production synergies and consolidation of the D-Line UK facility, are enhancing margins.
3. **Outlook for 2026**
Positive momentum continues into 2026, supported by exposure to structural growth in the energy transition sector.
The Board has increased revenue and Adjusted Operating Profit expectations for 2026, comfortably exceeding market consensus.
4. **Financial Position**
Strong cash flow generation of £30 million and reduced net debt to £53 million, lowering the leverage ratio to 1.3x.
Robust balance sheet provides flexibility for further investment in organic growth and M&A.
5. **CEO Commentary**
CEO John Hornby attributed the success to sustainable competitive advantages, including superior channel access, agile product innovation, and vertically integrated manufacturing. He expressed confidence in delivering profitable growth in 2026 and beyond, particularly in the energy transition sector.
Overall, Luceco’s 2025 performance reflects strong growth, improved margins, and a positive outlook for 2026, supported by strategic initiatives and a solid financial position.
Below is the HTML table code comparing the financials and debt year-on-year for Luceco PLC based on the provided text:
Metric20242025Change
Revenue (£m)242.5271.0+12%
Adjusted Operating Profit (£m)29.0≥33.5+≈15%
Adjusted Operating Profit Margin (%)12.0>12.0Improved
EV Charging Sales (£m)9.818.0+85%
Bank Net Debt (£m)68.653.0-23%
Bank Net Debt:EBITDA Leverage Ratio (x)1.61.3Improved
Adjusted Free Cash Flow (£m)Outflow30.0Reversed
### Explanation: - **Revenue**: Increased by 12% from £242.5m in 2024 to £271.0m in 2025. - **Adjusted Operating Profit**: Grew by approximately 15% from £29.0m in 2024 to at least £33.5m in 2025. - **Adjusted Operating Profit Margin**: Improved from 12.0% in 2024 to exceed 12.0% in 2025. - **EV Charging Sales**: Surged by 85% from £9.8m in 2024 to £18.0m in 2025. - **Bank Net Debt**: Decreased by 23% from £68.6m in 2024 to £53.0m in 2025. - **Leverage Ratio**: Improved from 1.6x in 2024 to 1.3x in 2025. - **Adjusted Free Cash Flow**: Reversed from an outflow in 2024 to £30.0m in 2025. This table provides a clear year-on-year comparison of key financial and debt metrics for Luceco PLC.
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III
III 3I Group PLC
06:01
Market

FY2026 Q3 performance update

**Summary of 3i Group PLC FY2026 Q3 Performance Update (January 29, 2026):** 1. **Overall Performance:** - 3i Group reported strong Q3 performance, with a 20% total return for the nine months ending December 31, 2025, driven by a £76…

**Summary of 3i Group PLC FY2026 Q3 Performance Update (January 29, 2026):**
1. **Overall Performance**
3i Group reported strong Q3 performance, with a 20% total return for the nine months ending December 31, 2025, driven by a £766 million foreign exchange gain and robust portfolio performance.
NAV per share increased to 3017 pence (from 2857 pence in September 2025).
2. **Action (Key Investment)**
**Financials** Net sales of €16 billion (+16% YoY) and operating EBITDA of €2.367 billion (+14% YoY) in the 52 weeks to December 28, 2025.
**Store Expansion** Added a record 384 net new stores in 2025, reaching 3,302 stores across 14 countries.
**LFL Growth** 4.9% in 2025 (vs. 10.3% in 2024), impacted by cautious consumer behavior in France. Recovery seen in January 2026 with 6.1% LFL growth.
**Capital Restructuring** Received £944 million from Action’s refinancing, reinvested £755 million to increase stake to 62.3%. Received £246 million dividend from Action.
**Valuation** Action valued at £22.382 billion (3i’s 62.3% stake).
3. **Portfolio Highlights**
**Royal Sanders** Strong performance with further investment of £56 million and acquisition of Vendoleo.
**Audley Travel** Sustained strong year-on-year performance.
**MAIT Disposal** Realized £147 million, a 34% uplift on March 2025 valuation.
**3i Infrastructure (3iN)** Share price increased 3% in Q3
3i recognized £18 million dividend.
4. **Financial Position**
Strong balance sheet with £995 million in gross cash and 1% gearing as of December 31, 2025.
Completed £825 million in investments and £1.112 billion in realizations in Q3.
5. **Future Outlook**
Positive start to Q4 FY2026, with expectations of another strong year of compounding growth.
Agreement with GIC to increase Action stake to 65.3% in exchange for £1 billion in 3i shares.
6. **Audit Update**
Ernst & Young LLP appointed as external auditor from FY2028, subject to shareholder approval.
**Key Takeaways**
3i Group delivered strong Q3 performance, driven by Action’s growth and strategic portfolio management. The company maintains a robust financial position and is poised for continued growth in FY2026.
Below is an HTML table comparing the financials and debt year on year for 3i Group PLC based on the provided text:
Metric2024 (FY2025 Q3)2025 (FY2026 Q3)Change
Action Net Sales (€m)13,78116,000+16%
Action Operating EBITDA (€m)2,0762,367+14%
Action LFL Sales Growth10.3%4.9%-5.4%
Action Net New Stores Added352384+32
Action Net Debt to EBITDA Ratio2.4x2.8x+0.4x
3i Group Cash (£m)439995+556
3i Group Gearing3%1%-2%
3i Group NAV per Share (pence)2,8573,017+160
Private Equity Portfolio Leverage (excl. Action)3.5x3.6x+0.1x
Total Investment (£m)7321,557+825
Total Realised Proceeds (£m)3911,503+1,112
### Key Highlights: 1. **Action Performance**: Net sales and operating EBITDA increased by 16% and 14%, respectively, year on year. However, LFL sales growth slowed from 10.3% to 4.9%. 2. **Debt Metrics**: Action's net debt to EBITDA ratio increased from 2.4x to 2.8x, while 3i Group's gearing decreased from 3% to 1%. 3. **3i Group Financials**: Cash position strengthened significantly from £439 million to £995 million, and NAV per share increased by 160 pence. 4. **Investment and Realisation**: Total investment and realised proceeds increased substantially, driven by reinvestment in Action and the realisation from MAIT and Yanga. This table provides a concise comparison of key financial and debt metrics between the two periods.
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TRU
TRU Trufin PLC
06:01
Market

Transaction in Own Shares and Total Voting Rights

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PSON
PSON Pearson PLC
06:01
Market

Transaction in Own Shares

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SEA
SEA Seascape Energy Asia plc
06:01
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Keladi Prospect Upgrade

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LSEG
LSEG London Stock Exchange Group…
06:01
Market

Transaction in Own Shares

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PPET
PPET Patria Private Equity Trust
06:01
Market

Annual Financial Report

Patria Private Equity Trust plc (PPET) has released its annual financial report for the year ended September 30, 2025, highlighting strong performance and strategic progress. Heres a summary of the key points: **Financial Performance:** -…

Patria Private Equity Trust plc (PPET) has released its annual financial report for the year ended September 30, 2025, highlighting strong performance and strategic progress. Heres a summary of the key points
**Financial Performance**
PPET achieved a NAV Total Return (NAV TR) of 10.6%, marking its 16th consecutive year of positive NAV TR growth.
Share price total return was 7%, while the portfolio return in constant currency was 8.0%.
The company made 21 new investments totaling £300.1 million and realized £180.2 million from investments.
**Portfolio and Strategy**
PPET focuses on the European mid-market private equity, targeting long-term total returns through capital growth and dividends.
The portfolio consists of over 600 private companies, offering daily liquidity, quarterly dividends, and no performance fees.
The company partners with leading private equity managers, investing in their funds and directly alongside them.
**Key Metrics**
NAV per share increased to 845.5p from 780.1p in the previous year.
Portfolio value grew to £1371.1 million from £1177.1 million.
Outstanding commitments were £759.3 million, with an over-commitment ratio of 33.8%.
**Board and Management**
The Board conducted share buybackspurchasing 5.5 million sharesadding 8.5 pence to NAV per share.
Alan Devinethe Chairmanannounced his retirementwith Duncan Budge succeeding him.
The company renewed its marketing focus on the retail segment and conducted an inaugural perception study.
**Investment Activity**
PPET made new commitments of £300.1 million across primary funds, fund secondaries, and direct investments.
The company completed its first full exit from a direct investment, selling Mademoiselle Desserts to Emmi Group.
PPET also achieved a partial realization of its direct investment in European Camping Group.
**Outlook**
The company expects a recovery in the private equity exit market, particularly for its mature investments.
PPET aims to increase direct investments to 30-35% of its portfolio and continue its secondary investment strategy.
The Board remains focused on marketing and shareholder engagement to attract new investors.
**Financial Highlights**
Net assets increased to £1256.7 million from £1192.1 million.
Total dividends paid were £26.3 million, with a dividend yield of 2.8%.
The ongoing charges ratio was 1.08%, slightly up from 1.06% in the previous year.
In summary, PPET demonstrated strong financial performance, strategic progress, and a commitment to delivering value to shareholders through its European mid-market private equity focus. The companys diversified portfolio, experienced management, and strategic initiatives position it well for continued growth and success.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
NAV per share (p)780.1845.5+8.4%
Portfolio Return (in Constant Currency)8.8%8.0%-9.1%
Total Dividend Per Share (Annualised) (p)16.817.6+4.8%
Share Price Discount to NAV31.4%34.4%+9.6%
Net Assets (£m)1,192.11,256.7+5.4%
Ongoing Charges Ratio (OCR)1.06%1.08%+1.9%
Gearing11.8%18.1%+53.4%
Over-commitment Ratio28.5%33.8%+18.6%
Debt Drawn (£m)140.6227.4+61.7%
**Key Observations:** - **NAV per share** increased by 8.4%, indicating growth in the company's net asset value. - **Portfolio Return** decreased slightly from 8.8% to 8.0%, possibly due to market conditions or investment strategy changes. - **Dividend Per Share** increased by 4.8%, reflecting the company's commitment to returning value to shareholders. - **Share Price Discount to NAV** widened from 31.4% to 34.4%, suggesting the market is valuing the company at a greater discount to its net asset value. - **Net Assets** grew by 5.4%, indicating overall growth in the company's assets. - **Gearing** increased significantly from 11.8% to 18.1%, indicating higher leverage and potentially higher risk. - **Over-commitment Ratio** also increased, reflecting higher outstanding commitments relative to liquid resources. - **Debt Drawn** increased by 61.7%, indicating higher utilization of the company's credit facilities. These changes highlight the company's growth in assets and shareholder returns, but also increased leverage and potential risks associated with higher debt levels and over-commitments.
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BWY
BWY Bellway PLC
06:01
Market

Transaction in Own Shares

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BSIF
BSIF Bluefield Solar Income Fund
06:01
Market

Update on UK ROC and FiT Consultation

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HFG
HFG Hilton Food Group Plc
06:01
Market

2025 Full Year Trading Update

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SYNT
SYNT Synthomer plc
06:01
Market

Trading Statement - Winter 2026

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SOS
SOS Sosandar Plc
06:01
Market

Transaction in Own Shares and Total Voting Rights

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GNC
GNC Greencore Group
06:01
Market

Q1 Trading Update

**Greencore Group PLC Q1 Trading Update Summary (January 29, 2026)** Greencore Group PLC, the UKs leading convenience food manufacturer, reported strong performance in its first quarter (Q1) ended December 26, 2025. Key highlights inclu…

**Greencore Group PLC Q1 Trading Update Summary (January 29, 2026)**
Greencore Group PLC, the UKs leading convenience food manufacturer, reported strong performance in its first quarter (Q1) ended December 26, 2025. Key highlights include
1. **Financial Performance**
Revenue grew by 5.4% to £499.8 million, driven by a 3.7% price and inflation recovery impact.
Volume growth outpaced the wider grocery market, with manufactured volumes up 0.5% compared to the market’s 0.2%.
Premium rangesparticularly sandwiches and sushisaw double-digit volume growth.
2. **Operational Excellence**
Launched 129 new products, including festive innovations like mince pie brioche wraps and festive cheeseboard quiches.
Achieved >99% service levels during the busy Christmas period.
Over 700 operational excellence projects are underway to drive efficiency and cost management.
3. **Bakkavor Acquisition**
Completed the acquisition of Bakkavor Group plc on January 16, 2026, creating the UK’s leading convenience food manufacturer.
Integration plans are progressing, with a focus on realizing at least £80 million in annual cost synergies.
The combined business aims to enhance innovation, scale, and efficiency for customers and stakeholders.
4. **Outlook**
The enlarged business is trading in line with expectations, despite ongoing monitoring of the uncertain UK consumer environment.
Structural tailwinds in convenience food categories remain encouraging.
Focus on executing integration plans and delivering benefits from the Bakkavor acquisition.
H1 results will be announced on May 27, 2026, providing the first combined financial update.
CEO Dalton Philips emphasized the strong Q1 performance, the strategic significance of the Bakkavor acquisition, and the Group’s commitment to driving value for customers, shareholders, and stakeholders.
**Forward-Looking Statements**The update includes forward-looking statements subject to risks and uncertainties, with no obligation to update unless required by law.
**About Greencore**Headquartered in Dublin, Greencore supplies major UK and US retailers with approximately 3,200 convenience food products, generating £4 billion in revenue in FY25 and employing 28,000 people.
The provided text does not contain specific financial or debt figures for a year-on-year comparison. However, I can create a general HTML table structure based on the information available, focusing on the key financial and operational metrics mentioned in the trading update. If you have specific financial or debt figures from previous years, please provide them, and I can update the table accordingly. Here’s a basic HTML table structure based on the available information: < lang="en">Greencore Group PLC Financials and Debt Comparison

Greencore Group PLC Financials and Debt Comparison (Q1 FY25 vs Q1 FY26)

MetricQ1 FY25Q1 FY26Change
Revenue£474.2m (implied)£499.8m+5.4%
Volume Growth (Manufactured)N/A+0.5%N/A
Grocery Market Volume GrowthN/A+0.2%N/A
New Products LaunchedN/A129N/A
Service LevelN/A>99%N/A
Expected Annual Cost Synergies (Post Bakkavor Acquisition)N/A£80mN/A
Debt (if available)N/AN/AN/A

Note: The revenue figure for Q1 FY25 is implied based on the 5.4% growth mentioned in the text. Actual figures for Q1 FY25 are not provided.

### Explanation: - **Revenue**: The Q1 FY25 revenue is implied based on the 5.4% growth mentioned in the text. The actual Q1 FY25 revenue is not provided, so it’s marked as "implied." - **Volume Growth**: Only Q1 FY26 figures are available for manufactured volume growth and grocery market volume growth. - **New Products Launched**: Only Q1 FY26 figures are available. - **Service Level**: Only Q1 FY26 figures are available. - **Expected Annual Cost Synergies**: This is related to the Bakkavor acquisition, which occurred in FY26. - **Debt**: No debt figures are provided in the text, so the table reflects "N/A." If you have specific figures for Q1 FY25 or debt details, please provide them, and I can update the table accordingly.
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FEVR
FEVR Fevertree Drinks Plc
06:01
Market

Pre-close trading update

**Summary:** Fever-Tree Drinks plc, the leading global supplier of premium carbonated mixers, released a pre-close trading update for the year ended 31 December 2025, reporting financial performance marginally ahead of market expectations…

**Summary**
Fever-Tree Drinks plc, the leading global supplier of premium carbonated mixers, released a pre-close trading update for the year ended 31 December 2025, reporting financial performance marginally ahead of market expectations. The company achieved adjusted revenue of £375.3 million and adjusted EBITDA slightly <mark style="background-color:yellow">above</mark> consensus, driven by strong momentum in the second half of 2025. Key highlights include
1. **Revenue Growth**
**US**+6% (constant currency), supported by successful integration into Molson Coors distribution network and increased marketing investment.
**UK**-2%, with improved performance in H2 due to strong Off-Trade sales and growth in premium soft drinks.
**Europe**: +2%led by France and Benelux.
**Rest of World (ROW)**: +22%with notable growth in AustraliaNew Zealandand Canada.
2. **Strategic Progress**
Expansion beyond tonic to premium soft drinks, aligning with consumer trends toward moderation and premiumisation.
Strong innovation pipeline and marketing campaigns to drive future growth.
3. **Share Buyback**
Completed a £100m share buyback in 2025, with an additional £30m tranche starting in February 2026.
4. **Outlook**
Confident in meeting 2026 market expectations, with continued growth opportunities in the US and globally.
CEO Tim Warrillow emphasized the company’s strategic progress, particularly in the US, and its unique position to capitalize on consumer trends. Fever-Tree remains focused on driving strong growth in 2026 and beyond. Preliminary results will be announced on 24 March 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since debt information is not explicitly mentioned in the text, the table focuses on revenue comparisons. < lang="en">Fevertree Drinks PLC Financials Comparison

Fevertree Drinks PLC Financials Comparison (FY24 vs FY25)

RegionFY24 (£m)FY25 (£m)% Change% Change (Constant Currency)
US128.0131.93%6%
UK111.1108.4(2%)(2%)
Europe92.794.72%2%
ROW32.237.717%22%
Total Adjusted Fever-Tree Revenue364.0372.72%4%
GDP Brand Revenue4.52.6(42%)(43%)
Total Adjusted Revenue368.5375.32%3%
### Key Features: 1. **Responsive Design**: The table is styled to be responsive and easy to read. 2. **Highlighting**: Total revenue rows are highlighted for emphasis. 3. **Clear Comparison**: Columns for FY24, FY25, and percentage changes (both reported and constant currency) are included. Since debt information is not provided in the text, it is not included in the table. If debt data becomes available, it can be added as a separate section or column.
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CDGP
CDGP Chapel Down Group Plc
06:01
Market

Unaudited Trading Statement period ended 31/12/25

**Chapel Down Group PLC Unaudited Trading Statement for FY25 (Ended 31 December 2025)** **Summary:** Chapel Down Group PLC, Englands leading winemaker, reported strong financial and operational performance for FY25, exceeding market e…

**Chapel Down Group PLC Unaudited Trading Statement for FY25 (Ended 31 December 2025)**
**Summary**
Chapel Down Group PLC, Englands leading winemaker, reported strong financial and operational performance for FY25, exceeding market expectations. Key highlights include
1. **Financial Performance**
**Net Sales Revenue (NSR)** £19.4m, up 19% YoY, slightly ahead of guidance, driven by 22% growth in wine-related sales.
**Adjusted EBITDA** Expected range of £4.0m - £4.5m, ahead of market expectations (£3.5m), due to improved profitability and higher Fair Value adjustment to Biological Produce from an <mark style="background-color:yellow">above</mark>-average harvest yield.
**Channel Growth** Strong performance across Off-trade (+38%), International (+49%), On-trade (+5%), and Ecommerce (+3%). International growth was boosted by a new US distribution agreement with Jackson Family Wines.
**Net Debt** Increased to £12.4m (FY24: £9.2m) due to investments in new vineyards and maturing stock, supporting future growth.
2. **Operational Highlights**
Dispatched over 1 million bottles of Traditional Method Sparkling (TMS) wines for the first time, aligning with the goal to capture 1% of the global Champagne market by 2035.
Extended market leadership with 36% share of the UK off-trade (FY24: 35%) and 16% Retail Sales Value growth, outpacing the English Sparkling Wine category (+12%).
2025 harvest yielded high-quality grapes, supporting future production and profitability.
3. **Brand and Strategy**
Brand awareness increased to 49% (FY2442%), reinforcing Chapel Down as the leading English wine brand.
Premiumisation strategy advanced, with TMS wines accounting for 74% of wine-related NSR (FY24: 70%).
4. **Outlook**
Strong momentum expected to continue into FY26, with increased marketing investment to drive brand value and market share.
Focus on sustainable growthdisciplined capital managementand strategic expansion.
**CEO Comment**
James Pennefather highlighted exceptional topline growth, brand leadership, and progress toward medium-term profitable growth. He noted a generational shift toward English Sparkling Wine, particularly among Millennials, and emphasized increased marketing investment in FY26 to capitalize on this trend.
**About Chapel Down**
Chapel Down is Englands largest winemaker, with over 1,000 acres of vineyards, producing award-winning sparkling and still wines. Listed on AIM, the company is committed to sustainability and has partnerships with major sporting and cultural events.
**Contacts**
Key contacts include Chapel Downs CEO and CFO, as well as representatives from Singer Capital Markets (Nominated Adviser and Broker) and H/Advisors Maitland (PR).
**Disclaimer**
The announcement contains inside information under UK MAR, and RNS terms and conditions apply.
Below is the HTML table code comparing the financials and debt year on year for Chapel Down Group PLC: < lang="en">Chapel Down Group PLC Financials Comparison

Chapel Down Group PLC Financials and Debt Comparison (FY25 vs FY24)

MetricFY25 (£'000)FY24 (£'000)Change (%)
Net Sales Revenue19,44316,351+19%
Off-trade9,3716,790+38%
On-trade2,5752,460+5%
International1,018684+49%
Ecommerce3,8603,755+3%
Retail, Tours & Events2,2162,241-1%
Other Sales and Income403421-4%
Net Debt12,4009,200+35%
Adjusted EBITDA Range (£'000)4,000 - 4,5003,500 (expected)Ahead of expectations
### Key Highlights: 1. **Net Sales Revenue**: Increased by **19%** to **£19.4m** in FY25 from £16.35m in FY24. 2. **Net Debt**: Rose by **35%** to **£12.4m** in FY25 from £9.2m in FY24, primarily due to cultivation costs and increased maturing stock levels. 3. **Adjusted EBITDA**: Expected to be in the range of **£4.0m - £4.5m**, ahead of the previous expectation of £3.5m. This table provides a clear comparison of key financial metrics and debt levels between FY25 and FY24 for Chapel Down Group PLC.
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SAAS
SAAS Microlise Group PLC
06:01
Market

Full Year 2025 Trading Update & Notice of Results

**Microlise Group PLC Full Year 2025 Trading Update & Notice of Results Summary:** Microlise Group PLC, a leading provider of transport management software, released its unaudited trading update for FY2025, highlighting steady growth and …

**Microlise Group PLC Full Year 2025 Trading Update & Notice of Results Summary:**
Microlise Group PLC, a leading provider of transport management software, released its unaudited trading update for FY2025, highlighting steady growth and strategic advancements.
**Financial Highlights**
* **Revenue** Total revenue is expected to be £84.0 million, in line with revised market expectations and representing a 3.7% increase from FY2024.
* **Recurring Revenue** Grew by 7.5% to £58.8 million, driven by a strong 16% year-on-year increase from direct customers.
* **Non-recurring Revenue** Declined by 4.3% to £25.2 million due to lower hardware volumes from Global OEM customers and delayed implementation revenues.
* **Adjusted EBITDA** Expected to be £8.3 million, in line with market expectations, with a margin of approximately 10%.
* **Net Cash** Increased to £16.7 million, exceeding expectations, due to strong cash collection and a large contract renewal.
**Operational Highlights**
* **Cost Savings** Successfully implemented £5 million in annualized cost savings through efficiency measures announced in November 2025.
* **Customer Growth** Added 417 new customers across key markets, with churn remaining low at 1.4%.
* **Product Adoption** Strong uptake of the Microlise Transport Management Solutions (TMS) module by new and existing customers.
* **Technology Integration** Enhanced Microlise One platform with API integrations for third-party data, including vehicle refrigeration OEMs.
* **Leadership Change** Appointed Dean Garvey-North as Chief Technology Officer, succeeding Duncan McCreadie.
**Future Outlook**
* **Microlise Transport Conference** Scheduled for May 12, 2026, in Manchester, focusing on industry challenges and Microlises technology solutions.
* **FY2026** Expects revenues from Global OEM customers to be below FY2025 levels but remains confident in profitability, cash generation, and ARR growth.
**CEO Comment**
Nadeem Raza, CEO, expressed satisfaction with the direct business momentum and highlighted investments in go-to-market teams and data center migration. He emphasized Microlises strong position for future growth with a streamlined cost base, scalable platform, and expanding market opportunities.
**Notice of Results** Final results for FY2025 will be announced in mid-April 2026.
Below is the HTML table code comparing the financials and debt (net cash) year-on-year for Microlise Group PLC based on the provided text:
MetricFY 2024FY 2025Change
Total Group Revenue£81.0m£84.0m+3.7%
Annual Recurring Revenue (ARR)£56.6m£59.1m+4.6%
Recurring RevenueN/A£58.8m+7.5% (underlying growth from direct customers: +16%)
Non-Recurring Revenue£26.3m£25.2m-4.3%
Adjusted EBITDA£11.3m (margin: 14%)£8.3m (margin: ~10%)-26.5%
Net Cash£11.4m£16.7m+46.5%
New Customers Added375417+11.2%
Churn Rate0.7%1.4%+100% (doubled)
### Notes: 1. **Net Cash**: The text refers to "net cash" rather than debt, so the comparison is made on that basis. 2. **Recurring Revenue**: The underlying growth from direct customers is highlighted separately as it is a key metric mentioned in the text. 3. **Adjusted EBITDA**: The FY 2024 margin is calculated based on the provided revenue and adjusted EBITDA figures. 4. **Churn Rate**: The increase in churn rate is noted as a percentage change from the previous year. This table provides a clear year-on-year comparison of key financial and operational metrics for Microlise Group PLC.
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PLUS
PLUS Plus500 Ltd
06:01
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Transaction in Own Shares

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SML
SML Strategic Minerals Plc
06:01
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Redmoor-Successful Twin Drilling+New Deposit Model

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DATA
DATA GlobalData PLC
06:01
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Transaction in Own Shares

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AJB
AJB AJ Bell plc
06:01
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Transaction in Own Shares

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OMG
OMG Oxford Metrics plc
06:01
Market

Transaction in Own Shares

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TGR
TGR Tirupati Graphite plc
06:01
Market

Approval of CLN Amendments

**Summary:** Tirupati Graphite plc (TGR.L), a specialist flake graphite company, announced on January 29, 2026, that proposed amendments to its existing Convertible Loan Notes (CLNs) have been approved by the required majorities of noteho…

**Summary**
Tirupati Graphite plc (TGR.L), a specialist flake graphite company, announced on January 29, 2026, that proposed amendments to its existing Convertible Loan Notes (CLNs) have been approved by the required majorities of noteholders. These amendments, initially disclosed on December 10, 2025, modify terms such as final maturity dates and conversion prices for the 2019, 2022, and 2025 (Series 1 and Series 2) CLN issues. The approval satisfies a key condition for the closing of the Placing of new ordinary shares, also announced on December 10, 2025. Tirupati Graphite is a critical mineral supplier for the global energy transition. Contact details for enquiries are provided, and the information is disseminated via RNS, the London Stock Exchanges news service.
Approvals
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VLG
VLG Venture Life Group PLC
06:01
Market

Transaction in Own Shares

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EMR
EMR Empresaria Group plc
06:01
Market

Trading Update and Notice of Results

**Summary:** Empresaria Group PLC, an international specialist staffing group, released a trading update for the financial year ended 31 December 2025, ahead of its full-year results announcement on 24 April 2026. Despite challenging mark…

**Summary**
Empresaria Group PLC, an international specialist staffing group, released a trading update for the financial year ended 31 December 2025, ahead of its full-year results announcement on 24 April 2026. Despite challenging market conditions, the company expects its adjusted profit before tax (PBT) to be slightly ahead of market expectations. Key highlights include
1. **Financial Performance**
Net fee income remained unchanged on a constant currency like-for-like (CC LFL) basis, though reported figures decreased by 6% to £47.3 million.
Strong growth in Offshore Services (16% CC LFL) and the US (23% CC LFL), offset by declines in other regions.
Temporary and contract net fee income fell by 4% CC LFL, while permanent placements saw a 9% reduction.
2. **Regional Breakdown**
UK net fee income declined by 11% to £3.9 million.
US net fee income grew by 17% (23% CC LFL) to £2.7 million.
Offshore Services increased by 9% (16% CC LFL) to £13.8 million.
Non-Core operations (previously earmarked for disposal) saw an 8% CC LFL decline.
3. **Financing**
Net debt (excluding lease liabilities) rose to £17.1 million, in line with expectations.
Headroom of £5.4 million was maintained at year-end.
No final dividend will be recommended due to the challenging trading environment and increased debt.
4. **Management Commentary**
Chair Joost Kreulen acknowledged persistent market challenges but expressed satisfaction with the adjusted PBT performance. He highlighted progress in stabilizing financial control and operations, emphasizing the Group’s commitment to positioning itself for future market recovery.
The update underscores Empresaria’s resilience in a difficult trading environment, with strategic focus on operational stability and readiness for market improvement.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">Empresaria Group PLC Financials and Debt Comparison

Empresaria Group PLC Financials and Debt Comparison (2024 vs 2025)

Metric2024 (£m)2025 (£m)% Change% Change (CC LFL)
Net Fee Income50.447.3-6%0%
UK4.43.9-11%-11%
US2.32.717%23%
Offshore Services12.713.89%16%
Non-Core32.227.9-13%-8%
Central and Intragroup-1.2-1.0N/AN/A
Net Debt (excl. lease liabilities)15.317.112%N/A
Headroom (excl. invoice financing)N/A5.4N/AN/A
Final Dividend£nil£nilN/AN/A
### Key Notes: 1. **Net Fee Income**: Reported figure decreased by 6%, but remained unchanged on a Constant Currency Like-for-Like (CC LFL) basis. 2. **Regional Performance**: - **UK**: Down 11% (CC LFL). - **US**: Up 23% (CC LFL). - **Offshore Services**: Up 16% (CC LFL). - **Non-Core**: Down 8% (CC LFL). 3. **Net Debt**: Increased by 12% from £15.3m in 2024 to £17.1m in 2025. 4. **Headroom**: £5.4m at the end of 2025 (excluding invoice financing facilities). 5. **Dividend**: No final dividend recommended for both years. This table provides a clear comparison of key financials and debt metrics between 2024 and 2025.
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HTWS
HTWS Helios Towers Plc
06:01
Market

Transaction in Own Shares

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ESNT
ESNT Essentra PLC
06:01
Market

Transaction in Own Shares

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GLV
GLV Glenveagh Properties PLC
06:01
Market

Transaction in Own Shares

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RCP
RCP RIT Capital Partners
06:01
Market

Transaction in Own Shares

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BATS
BATS British American Tobacco PLC
06:01
Market

Transaction in Own Shares

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ASAI
ASAI ASA International Group PLC
06:01
Market

Q4 2025 Trading and Business Update

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ANTO
ANTO Antofagasta PLC
06:01
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Q4 2025 Production Report

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BPT
BPT Bridgepoint Group Plc
06:01
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GWMO
GWMO Great Western Mining Corp P…
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DOTD
DOTD Dotdigital Group Plc
06:01
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HVO
HVO hVIVO plc
06:01
Market

Trading Update

**Summary:** hVIVO plc, a full-service early-phase Contract Research Organisation (CRO) and leader in human challenge clinical trials, released a trading update for FY25 (year ended 31 December 2025). Key highlights include: 1. **Financi…

**Summary**
hVIVO plc, a full-service early-phase Contract Research Organisation (CRO) and leader in human challenge clinical trials, released a trading update for FY25 (year ended 31 December 2025). Key highlights include
1. **Financial Performance**
Revenue of approximately £46.7 million, in line with expectations (FY24: £62.7 million).
Positive low single-digit adjusted EBITDA margin, exceeding guidance (FY24: 26.2%).
Cash position of £14.3 million, debt-free, and ahead of expectations (FY24: £44.2 million).
2. **Strategic Acquisitions**
Completed and integrated acquisitions of CRS Mannheim & Kiel and Cryostore, creating an end-to-end early clinical development platform from preclinical to Phase III.
Four integrated service lines now fully operational: Consulting, Clinical Trials, Human Challenge Trials (HCTs), and Laboratories.
3. **Market Position and Pipeline**
FY25 faced macroeconomic and sector-specific challenges, including programme deferrals and cancellations in HCTs.
Strong momentum in FY26 pipeline across all service lines, with increasing opportunities in infectious diseases and diversified therapeutic areas (e.g., cardiometabolic, respiratory, immunology).
Aggregate value of customer proposals in FY25 exceeded FY24, indicating positive medium-term revenue growth.
4. **Outlook**
Reiterated guidance for high single-digit revenue growth in 2026.
Focus on four key growth initiativesexpanding therapeutic specialisms, enhancing laboratory services, and improving patient recruitment.
Confidence in full-service platform to drive near and long-term growth.
5. **Investor Engagement**
CEO Yamin Mo Khan and CFO Stephen Pinkerton hosted an investor meeting via Investor Meet Company to discuss the update.
hVIVO is well-positioned for growth in 2026, leveraging its diversified service offerings and strengthened infrastructure.
Below is the HTML table code comparing the financials and debt year-on-year for hVIVO PLC based on the provided text:
MetricFY2024FY2025
Revenue (£ million)62.746.7
Adjusted EBITDA Margin26.2%Positive low single-digit
Cash Position (£ million)44.214.3
DebtNoneNone
### Explanation: - **Revenue**: FY2024 revenue was £62.7 million, while FY2025 is expected to be £46.7 million. - **Adjusted EBITDA Margin**: FY2024 was 26.2%, and FY2025 is expected to be a positive low single-digit percentage. - **Cash Position**: Cash decreased from £44.2 million in FY2024 to £14.3 million in FY2025, primarily due to strategic acquisitions. - **Debt**: The company remains debt-free in both years. This table provides a clear year-on-year comparison of key financial metrics for hVIVO PLC.
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SCLP
SCLP Scancell Hldgs Plc
06:01
Market

Half-year Financial Report

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JET2
JET2 Jet2 PLC
06:01
Market

Transaction in Own Shares

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AAF
AAF Airtel Africa Plc
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INCH
INCH Inchcape PLC
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Transaction in Own Shares

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KAV
KAV Kavango Resources PLC
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Results from Resource Drilling at Bill’s Luck

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INPP
INPP International Public Partne…
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PIN
PIN Pantheon International PLC
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HSW
HSW Hostelworld Group PLC
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STJ
STJ St. Jamess Place plc
06:01
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2025 New Business Inflows & Funds Under Management

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SAGA
SAGA Saga plc
06:01
Market

Trading Update

**Summary:** Saga plc, a UK specialist in products and services for people over 50, released a trading update on January 29, 2026, highlighting strong performance and strategic progress. Key points include: 1. **Financial Performance:** …

**Summary**
Saga plc, a UK specialist in products and services for people over 50, released a trading update on January 29, 2026, highlighting strong performance and strategic progress. Key points include
1. **Financial Performance**
Underlying Profit Before Tax is expected to exceed prior year figures and surpass half-year guidance.
Ocean and River Cruise segments showed strong growth, with improved load factors and per diem rates.
Holidays division reported robust growth in booked revenue (13%) and passenger numbers (11%).
Insurance Broking outperformed expectations, with growth in policy sales and higher profits.
Net Debt is projected to be lower than previous guidance, supported by strong cash flow and proceeds from the sale of the Insurance Underwriting business.
2. **Strategic Initiatives**
Simplified Travel business under a single management team for efficiency and customer focus.
Launched new partnerships with Ageas (Insurance Broking) and NatWest Boxed (Saga Money).
Introduced an improved instant access savings account and plans to launch more financial products in 2026.
3. **Outlook for 2026/27**
Continued momentum in Cruise and Holidays, with strong booking trends.
Insurance Broking profits expected to align with previous guidance as the Ageas partnership matures.
Further reduction in Net Debt and leverage anticipated, with peak leverage already passed.
4. **Long-Term Goals**
Confident in achieving underlying profitability of at least £100m and leverage below 2.0x by January 2030.
Saga’s preliminary results for the year ending January 31, 2026, are scheduled for April 15, 2026. The company remains focused on delivering high-quality products and services while advancing its strategic objectives.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">Saga PLC Financials and Debt Comparison

Saga PLC Financials and Debt Comparison (2024/25 vs 2025/26)

Metric2024/252025/26Change
Underlying Profit Before TaxNot specifiedAhead of prior yearImprovement
Ocean Cruise Load Factor91%93%+2 ppt
Ocean Cruise Per Diem£358£394+10%
River Cruise Load Factor89%89%0 ppt
River Cruise Per Diem£326£349+7%
Holidays Booked Revenue GrowthNot specified~13%N/A
Holidays Passenger GrowthNot specified11%N/A
Insurance Broking Underlying Profit Before TaxNot specifiedMarginally higher than prior yearImprovement
Trading EBITDANot specifiedAhead of 2024/25Improvement
Net DebtNot specifiedSignificantly lower than prior yearImprovement
Leverage (excluding £60m Ageas receipt)Not specifiedBelow 4.0xImprovement

Outlook for 2026/27

Metric2025/26 (at same point)2026/27 (at same point)Change
Ocean Cruise Booked Load Factor67%70%+3 ppt
Ocean Cruise Booked Per Diem£394£445+13%
River Cruise Booked Load Factor55%59%+4 ppt
River Cruise Booked Per Diem£349£367+3%
Holidays Booked Revenue£126m£132m+5%
Holidays Booked Passengers38k39k+1%
Net Debt and LeveragePeak leverage point passedFurther reductions expectedImprovement
### Key Notes: 1. **2025/26 Comparison**: The table highlights improvements in key metrics such as load factors, per diem rates, and profitability compared to the prior year. 2. **2026/27 Outlook**: The second table shows projected improvements in bookings and financial metrics for the upcoming year. 3. **Styling**: Basic CSS is included for table formatting and readability. 4. **Assumptions**: Some values for 2024/25 were not explicitly provided in the text, so they are marked as "Not specified" or calculated based on the given percentage changes.
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BTRW
BTRW Barratt Redrow plc
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TRIG
TRIG Renewables Infrastructure G…
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HTG
HTG Hunting PLC
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BA. BA.
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HILS
HILS Hill & Smith Holdings PLC
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SNWS
SNWS Smiths News PLC
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BBH
BBH Bellevue Healthcare Trust P…
06:01
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PRU
PRU Prudential plc
06:01
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AHT
AHT Ashtead Group PLC
06:01
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BAB
BAB Babcock International Group…
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JHD
JHD James Halstead PLC
06:01
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Trading Update

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GROW
GROW Draper Esprit PLC
06:01
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Transaction in Own Shares

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IWG
IWG IWG PLC
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INF
INF Informa PLC
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GFRD
GFRD Galliford Try PLC
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WTB
WTB Whitbread PLC
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MTO
MTO Mitie Group PLC
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QQ.
QQ. QQ.
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VOD
VOD Vodafone Group PLC
06:01
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ECEL
ECEL Eurocell PLC
06:01
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LIO
LIO Liontrust Asset Management
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TRN
TRN Trainline Plc
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FUTR
FUTR Future PLC
06:01
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IGG
IGG IG Group Holdings PLC
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SAG
SAG Science Group plc
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CURY
CURY Currys PLC
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SSPG
SSPG SSP Group PLC
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KYGA
KYGA Kerry Group
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RKT
RKT Reckitt Benckiser Group PLC
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CHRY
CHRY Chrysalis Investments Ltd
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APTD
APTD Aptitude Software Group PLC
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ROR
ROR Rotork PLC
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RR.
RR. RR.
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ALFA
ALFA Alfa Financial Software Hol…
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Q4 25 Trading update

**Summary:** Alfa Financial Software Holdings PLC released a Q4 2025 trading update on January 29, 2026, highlighting strong financial and operational performance. Key points include: 1. **Financial Performance:** - FY 2025 revenue …

**Summary**
Alfa Financial Software Holdings PLC released a Q4 2025 trading update on January 29, 2026, highlighting strong financial and operational performance. Key points include
1. **Financial Performance**
FY 2025 revenue reached £126.5 million, exceeding market expectations by £2 million and growing 15% year-on-year (17% on a constant currency basis).
Operating profit grew 17% to £40.0 million, £3 million ahead of expectations.
Q4 2025 revenue increased 11% to £32.5 million, driven by strong subscription (up 15%) and delivery revenues (up 16%).
2. **Pipeline and TCV**
Late-stage pipeline expanded to ten prospects (up from eight in Q3), with eight achieving preferred supplier status.
Total Contract Value (TCV) rose 3% to £227 million, with subscription TCV up 18% year-on-year.
3. **Operational Highlights**
Completed nine deliveries in Q4, including a successful Alfa Systems 6 go-live for an Australian customer expanding into New Zealand.
Twenty customers are now live on Alfa Systems 6, with upgrades progressing effectively.
4. **Market Expansion**
Progress in developing Originations, Fleet, and Commercial Finance capabilities, expanding both Serviceable and Total Addressable Markets.
Active discussions with customers for new modules, driving future investment and growth.
5. **Outlook**
CEO Andrew Denton expressed confidence in continued growth in 2026, supported by a robust pipeline and TCV, despite currency headwinds.
Focus on further product investment to drive long-term revenue growth.
Alfa remains well-positioned in the asset finance industry, with strong customer satisfaction and global presence. Full audited results for FY 2025 will be announced on March 12, 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly mention debt, the table focuses on revenue, operating profit, and TCV (Total Contract Value) for FY2025 compared to FY2024.
MetricFY 2025FY 2024Change
Revenue£126.5m£110.0m+15% (17% at constant currency)
Operating Profit£40.0m£34.2m+17%
Total Contract Value (TCV)£227m£220m+3%
### Notes: 1. **Revenue**: FY2025 revenue is £126.5m, up 15% (17% at constant currency) from FY2024. 2. **Operating Profit**: FY2025 operating profit is £40.0m, a 17% increase from FY2024. 3. **TCV**: FY2025 TCV is £227m, a 3% increase from FY2024. 4. **Debt**: The provided text does not include information on debt, so it is not included in the table. This table provides a clear year-on-year comparison of key financial metrics for Alfa Financial Software Holdings PLC.
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CLDN
CLDN Caledonia Investments
06:01
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Transaction in Own Shares

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GMR
GMR Gaming Realms plc
06:01
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Transaction in Own Shares

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FAIR
FAIR Fair Oaks Income Limited
06:01
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Transaction in Own Shares

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GYM
GYM The GYM Group PLC
06:01
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Transaction in Own Shares

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IGC
IGC India Capital Growth Fund
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Transaction in Own Shares and Total Voting Rights

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ATN
ATN Eastinco Mining & Explorati…
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Copper-Silver Structures Identified at Agdz Est

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EDIN
EDIN Edinburgh Investment Trust
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DRX
DRX Drax Group PLC
06:01
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Transaction in Own Shares

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WINE
WINE Naked Wines plc
06:01
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Peak Season Trading Update

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NCC
NCC NCC Group plc
06:01
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KNOS
KNOS Kainos Group PLC
06:01
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MRO
MRO Melrose Industries PLC
06:01
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GAMA
GAMA Gamma Communications PLC
06:01
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BOKU
BOKU Boku Inc
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RNWH
RNWH Renew Holdings plc
06:01
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AGM Statement

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HVPE
HVPE HarbourVest Global Private …
06:01
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2025 ANNUAL CASHFLOW UPDATE

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GLEN
GLEN Glencore PLC
06:01
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Full Year 2025 Production Report

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ITM
ITM ITM Power
06:01
Market

Half-year Financial Report

**Summary of ITM Power PLC Half-Year Financial Report (January 29, 2026):** **Financial Performance:** - **Revenue Growth:** ITM Power reported a 16% year-on-year revenue increase to £18.0 million for H1 2026, up from £15.5 million in H1 …

**Summary of ITM Power PLC Half-Year Financial Report (January 29, 2026):**
**Financial Performance**
**Revenue Growth** ITM Power reported a 16% year-on-year revenue increase to £18.0 million for H1 2026, up from £15.5 million in H1 2025.
**EBITDA Improvement** Adjusted EBITDA loss narrowed to £11.9 million from £16.8 million in the same period last year, reflecting better cost management.
**Cash Position** Cash reserves stood at £197.8 million as of October 31, 2025, down slightly from £203.1 million a year earlier, but still robust.
**Operational Highlights**
**Contract Backlog** The contract backlog grew to £152 million, with 71% of contracts now profitable, up from 60% in April 2025.
**Key Projects** Secured significant contracts, including NEPTUNE V with Westnetz GmbH, a 120 MW HAR2 project with Uniper, and a 300+ MW confidential project in Asia-Pacific.
**Hydropulse Launch** Introduced Hydropulse, a new business focused on building, owning, and operating decentralized green hydrogen production plants, targeting industrial customers.
**Product and Technology Development**
**ALPHA 50** Launched a highly competitive 50 MW full-scope green hydrogen plant, priced at €50 million, generating strong customer interest.
**CHRONOS Platform** Continued development of the next-generation stack platform, expected to be a game-changer for the electrolyser industry.
**Market and Strategic Progress**
**Government Support** Positioned to benefit from government-backed funding programs like HAR3 in the UK and various schemes in Germany.
**Industry Growth** The global clean hydrogen sector saw investments rise from $10 billion to $110 billion between 2020 and 2025, driven by policy support and industrial demand.
**Board Changes**
Strengthened the board with appointments of Sir Warren East and John Howarth as Non-Executive Directors, and Jürgen Nowicki as Non-Executive Chair.
**Financial Guidance for FY26**
Revenue is expected to range between £35 million and £40 million.
Adjusted EBITDA loss is projected between £27 million and £29 million.
Year-end cash is forecasted at £170 million to £175 million.
**Conclusion**
ITM Power demonstrated strong progress in H1 2026, with revenue growth, improved EBITDA, and strategic advancements in product development and market positioning. Despite macroeconomic challenges, the company remains well-placed to capitalize on the growing green hydrogen market, supported by robust cash reserves and a strong pipeline of profitable contracts.
Here’s an HTML table comparing the financials and debt year on year for ITM Power PLC based on the provided text:
MetricH1 2025 (£'000)H1 2024 (£'000)Change (£'000)Change (%)
Revenue18,02615,5342,49216.0%
Adjusted EBITDA Loss(11,900)(16,800)4,90029.2%
Cash on Hand197,848203,134(5,286)(2.6%)
Contract Backlog (£'m)15243.7108.3248.0%
Gross Loss(6,474)(10,188)3,71436.4%
Loss Before Tax(14,085)(28,792)14,70751.1%
Capital Expenditure6,9005,4001,50027.8%
Inventories51,12173,000(21,879)(30.0%)
Trade and Other Payables95,30567,33027,97541.5%
Total Provisions19,58134,640(15,059)(43.5%)
### Explanation: 1. **Revenue**: Increased by £2.492 million (16.0%) from H1 2024 to H1 2025. 2. **Adjusted EBITDA Loss**: Reduced by £4.9 million (29.2%) from H1 2024 to H1 2025. 3. **Cash on Hand**: Decreased by £5.286 million (2.6%) from H1 2024 to H1 2025. 4. **Contract Backlog**: Increased significantly by £108.3 million (248.0%) from H1 2024 to H1 2025. 5. **Gross Loss**: Reduced by £3.714 million (36.4%) from H1 2024 to H1 2025. 6. **Loss Before Tax**: Reduced by £14.707 million (51.1%) from H1 2024 to H1 2025. 7. **Capital Expenditure**: Increased by £1.5 million (27.8%) from H1 2024 to H1 2025. 8. **Inventories**: Decreased by £21.879 million (30.0%) from H1 2024 to H1 2025. 9. **Trade and Other Payables**: Increased by £27.975 million (41.5%) from H1 2024 to H1 2025. 10. **Total Provisions**: Decreased by £15.059 million (43.5%) from H1 2024 to H1 2025. This table provides a clear comparison of key financial metrics between H1 2024 and H1 2025.
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VTY
VTY Vistry Group PLC
06:01
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Transaction in Own Shares

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EYE
EYE Eagle Eye Solutions Group p…
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FDR
FDR First Development Resources…
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Selta Project – Gold exploration update

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SMSN
SMSN Samsung Electronics Co. Ltd
06:01
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2025 4Q Earnings Release

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CVSG
CVSG CVS Group Plc
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Admission to Trading on the Main Market of the LSE

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GSF
GSF Gore Street Energy Storage …
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Holding(s) in Company

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

<mark style="background-coloryellow">TR1</mark> Buy
['Bank of Montreal', 'Below 5', '5.427303']
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GSF
GSF Gore Street Energy Storage …
06:01
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Holding(s) in Company

TR1 Buy

TR1 Buy
['Bank of Montreal', '5.427303', '3.873154']
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GSF
GSF Gore Street Energy Storage …
06:01
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Holding(s) in Company

TR1 Buy

TR1 Buy
['Jefferies Financial Group Inc', '2.144000', '0.135000']
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79PO
79PO 79PO
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Form 8.3 - Rio Tinto plc and Rio Tinto Limited

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POLR
POLR Polar Capital Holdings plc
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JAR
JAR Jardine Matheson Holdings L…
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OCDO
OCDO Ocado Group PLC
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OXIG Oxford Instruments PLC
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BIPS Invesco Bond Income Plus Li…
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MOON Moonpig Group PLC
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BOY Bodycote PLC
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BRGE BlackRock Greater Europe In…
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EZJ EasyJet PLC
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OSB OneSavings Bank PLC
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OSB GROUP PLC - Transaction in Own Shares

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EDV Endeavour Mining Corp
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FSG Foresight Group Holdings Li…
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YNGN Young & Co.s Brewery P.L.C
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PSH Pershing Square Holdings Ltd
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0HAF
0HAF Nokia Oyj
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0HAF
0HAF Nokia Oyj
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Nokia provides recast comparative segment results for 2025 and 2024 reflecting new operating and financial reporting structure

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0HAF
0HAF Nokia Oyj
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Proposals by the Board of Directors to Nokia Corporation’s Annual General Meeting 2026

**Summary of Nokia Corporation’s Annual General Meeting (AGM) 2026 Proposals** Nokia Corporation has released proposals by its Board of Directors for the 2026 Annual General Meeting (AGM), scheduled for April 9, 2026, in Helsinki, Finla…

**Summary of Nokia Corporation’s Annual General Meeting (AGM) 2026 Proposals**
Nokia Corporation has released proposals by its Board of Directors for the 2026 Annual General Meeting (AGM), scheduled for April 9, 2026, in Helsinki, Finland. Key highlights include
1. **Board Leadership Changes**
Sari Baldauf will step down as Board Chair.
Timo Ihamuotila is proposed as the new Board Chair, with Thomas Saueressig as Vice Chair.
Meredith Whittaker, President of Signal Technology Foundation, is proposed as a new Board member.
2. **Board Composition and Remuneration**
The Board proposes maintaining 10 members, with re-election of nine current members and the addition of Whittaker.
Annual fees for Board members remain unchanged, with approximately 40% paid in Nokia shares.
Meeting fees and travel reimbursements are also unchanged.
3. **Dividend Distribution**
The Board seeks authorization to distribute up to EUR 0.14 per share in four installments throughout 2026-2027, in line with Nokia’s dividend policy.
4. **Auditor and Sustainability Reporting Assurer**
Deloitte Oy is proposed for re-election as both auditor and sustainability reporting assurer for the financial year 2027.
5. **Share Issuance and Repurchase Authorization**
The Board seeks approval to issue up to 550 million shares and repurchase the same number of shares, aimed at capital structure optimization, acquisitions, and equity-based incentives.
6. **Other AGM Matters**
Adoption of financial statements for 2025, discharge of Board and CEO liability, and approval of the 2025 Remuneration Report.
Complete proposals and candidate resumes are available at [www.nokia.ly/agm2026](http://www.nokia.ly/agm2026). The notice for the AGM, including participation and voting details, will be published in week 6 of 2026.
Proposals
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0HAF Nokia Oyj
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Nokia Corporation Financial Report for Q4 2025 and full year 2025

**Summary of Nokia Corporation Financial Report for Q4 2025 and Full Year 2025** Nokia Corporation released its financial report for Q4 2025 and the full year 2025 on January 29, 2026, highlighting steady performance and strategic progr…

**Summary of Nokia Corporation Financial Report for Q4 2025 and Full Year 2025**
Nokia Corporation released its financial report for Q4 2025 and the full year 2025 on January 29, 2026, highlighting steady performance and strategic progress amid industry challenges.
**Key Financial Highlights**
**Q4 2025 Performance**
Comparable net sales grew 3% year-over-year (YoY) on a constant currency and portfolio basis (+2% reported), driven by growth in Network Infrastructure and Mobile Networks.
Comparable gross margin expanded by 90 basis points (bps) to 48.1%, offset by lower contributions from Nokia Technologies. Reported gross margin declined by 120 bps to 44.9% due to restructuring charges.
Comparable operating margin decreased by 90 bps to 17.3%, while reported operating margin fell by 560 bps to 8.8% due to higher restructuring costs.
Comparable diluted EPS was EUR 0.16
reported diluted EPS was EUR 0.10.
Free cash flow was EUR 0.2 billion, with a net cash balance of EUR 3.4 billion.
**Full Year 2025 Performance**
Net sales grew 2% YoY on a constant currency and portfolio basis (+3% reported).
Comparable operating profit was EUR 2.0 billion, and free cash flow was EUR 1.5 billion (72% FCF conversion).
Comparable diluted EPS was EUR 0.29
reported diluted EPS was EUR 0.12.
Results were within Nokias prior guidance.
**Strategic Initiatives and Outlook**
Nokia strengthened its portfolio with the acquisition of Infinera and sharpened its focus on AI-driven network opportunities.
The company simplified its operating model into Network Infrastructure and Mobile Infrastructure segments from 2026.
Nokia introduced a 2026 financial guidance, targeting EUR 2.0 to 2.5 billion in comparable operating profit.
Long-term targets for 2028 include comparable operating profit of EUR 2.7 to 3.2 billion, with a focus on Network Infrastructure growth (6-8% CAGR) and Mobile Infrastructure profitability.
**Segment Performance**
**Network Infrastructure** 7% net sales growth in Q4, led by 17% growth in Optical Networks. Strong order intake driven by AI & Cloud demand.
**Mobile Networks** 6% net sales growth in Q4, with flat full-year performance. Focus on profitability and 5G technologies.
**Cloud and Network Services** Declined 4% in Q4 but grew 6% for the full year, with 5 points of operating margin expansion.
**Nokia Technologies** Maintained a contracted net sales run-rate of EUR 1.4 billion.
**Dividend and Shareholder Returns**
The Board proposed a dividend authorization of EUR 0.14 per share for 2025, with a EUR 0.03 per share dividend announced for Q4 2025.
**Future Focus**
Nokia aims to capture growth in AI & Cloud, increase efficiency, and build a high-performance culture.
Investments in AI-native networks, 6G, and partnerships (e.g., NVIDIA) position Nokia for long-term leadership.
**Risks and Challenges**
Competitive intensity, supply chain disruptions, inflation, and geopolitical uncertainties remain key risks.
Nokia is also focused on executing cost savings programs and integrating acquisitions effectively.
**Conclusion**
Nokias Q4 and full-year 2025 results reflect disciplined execution and strategic alignment with AI and cloud trends. The company is optimistic about its 2026 outlook and long-term growth potential, despite ongoing industry challenges. Detailed segment-level discussions are available in the complete financial report on Nokias website.
Below is the HTML table code comparing the financial and debt-related metrics year-on-year (Q4'25 vs Q4'24 and Full Year 2025 vs Full Year 2024) based on the provided text:
MetricQ4'25 vs Q4'24Full Year 2025 vs Full Year 2024
Q4'25Q4'24YoY ChangeFull Year 2025Full Year 2024YoY Change
Net Sales (EUR million)6,1255,9832%19,88919,2203%
Gross Margin (%)44.9%46.1%(120)bps43.5%46.1%(260)bps
Operating Profit (EUR million)540861(37%)8851,970(55%)
Operating Margin (%)8.8%14.4%(560)bps4.4%10.2%(580)bps
Profit for the Period (EUR million)544813(33%)6601,284(49%)
EPS (Diluted, EUR)0.100.15(33%)0.120.23(48%)
Net Cash Balance (EUR million)3,3784,854(30%)3,3784,854(30%)
Free Cash Flow (EUR million)200Not ProvidedNot Provided1,500Not ProvidedNot Provided
Debt (Not Explicitly Provided)No specific debt figures provided in the text.
### Notes: 1. **Debt Information**: The provided text does not explicitly mention debt figures, so the debt row indicates that no specific data is available. 2. **Comparable Results**: The table focuses on reported results as per the provided data. Comparable results are not included here but can be added if needed. 3. **Formatting**: The table is structured to clearly compare Q4 and full-year metrics year-on-year, with bold headers for better readability.
Open Terminal Source RNS
GTE
GTE Gran Tierra Energy Inc
00:35
Market

Gran Tierra Energy Inc. Reports Seventh Consecutive Year of South American Reserves Growth

Open Terminal Source RNS

Digested News

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

PINE logo
Latest RNS 17:33
PINE

Response to Press Speculation

Pinewood Technologies Group PLC

**Summary**
Pinewood Technologies Group PLC (Pinewood.AI) has confirmed discussions with Apax Partners LLP regarding a potential cash offer of 500 pence per share for the entire issued and to-be-issued share capital of the company. The offer, which includes an unlisted partial share alternative, follows earlier approaches by Apax. Pinewood.AIs board, after careful consideration, is minded to recommend the offer to shareholders if a firm intention is announced under the City Code on Takeovers and Mergers (the "Code"), subject to due diligence and other conditions. Apax must decide by February 26, 2026, whether to proceed with a firm offer or withdraw. The announcement emphasizes regulatory compliance, disclosure requirements, and the absence of certainty regarding a final offer. Pinewood.AI, a leading cloud-based technology provider to automotive retailers and OEMs, has 115,099,977 ordinary shares in issue as of January 29, 2026. The full announcement is available on Pinewood.AIs website.
Speculation
CABP logo
Latest RNS 16:27
CABP

ADGM Licence and global clearing partner secured

CAB Payments Holdings Ltd

**Summary**
CAB Payments Holdings PLC, a leading B2B FX and Payments provider, announced two significant developments on January 29, 2026. First, its Middle Eastern subsidiary, CAB Global Markets (CAB GM), secured a Category 2 Financial Services Permission from the Abu Dhabi Global Market (ADGM)s Financial Services Regulatory Authority (FSRA). This license enables CAB GM to facilitate cross-border payments, foreign exchange transactions, trade finance, and credit arrangements, strengthening its presence in fast-growing markets across Africa, South Asia, and the Middle East.
Second, CAB established a strategic global clearing partnership with another leading bank, enhancing access to USD and Euro clearing services. This partnership deepens liquidity, improves connectivity with key regions, and bolsters operational resilience.
Group CEO Neeraj Kapur emphasized these developments as pivotal steps in CABs strategy, expanding its reach in key growth regions and reinforcing its commitment to delivering prosperity in the markets it serves. CAB Payments, with its 180-year legacy, connects hard-to-reach financial markets globally, operating with a strong focus on sustainability and ethical practices.
Partner
OTB logo
Latest RNS 15:10
OTB

Holding(s) in Company

On The Beach Group PLC

TR1 Buy
['Artemis Investment Management LLP', '10.048394', '6.64126']
IMI logo
Latest RNS 14:39
IMI

Holding(s) in Company

IMI PLC

<mark style="background-coloryellow">TR1</mark> Buy
['BlackRock, Inc.', '4.640000', 'Below 5']
LABS logo
Latest RNS 14:29
LABS

Holding(s) in Company

Life Science REIT PLC

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

Form 8.3

International Personal Finance PLC

LABS logo
Latest RNS 14:12
LABS

Holding(s) in Company

Life Science REIT PLC

TR1 Buy
['Jefferies Financial Group Inc', '0.274000', '0.105000']
TEP logo
Latest RNS 14:08
TEP

Holding(s) in Company

Telecom Plus PLC

<mark style="background-coloryellow">TR1</mark> Buy
['BlackRock, Inc.', '4.710000', 'Below 5']
WINE logo
Latest RNS 14:06
WINE

Director/PDMR Shareholding

Naked Wines plc

Following the <mark style="background-color:yellow">purchase</mark> of shares, Mr. Pailings beneficial interest in the Company and that of persons closely associated with him is 814,814 Ordinary Shares representing approximately 1.18% of the issued share capital of the Company.
LABS logo
Latest RNS 13:29
LABS

Holding(s) in Company

Life Science REIT PLC

TR1 Buy
['Rathbones Investment Management Ltd', '10.615200', '11.171500']
WVIA logo
Latest RNS 13:16
WVIA

Director/PDMR Shareholding

Winvia Entertainment PLC

The Company announces that on 28 January 2026, Tim Lloyd-Hughes, Non-Executive Director of the Company, transferred 2,564 Ordinary Shares of 0.5 pence each in the Company ("Ordinary Shares") into his ISA. The transfer was effected through a sale of 2,564 Ordinary Shares at price of 237.5 pence per share and immediate re<mark style="background-color:yellow">purchase</mark> of 2,564 Ordinary Shares into his ISA, at a price of 237.5 pence per share.
SYS logo
Latest RNS 13:12
SYS

Contract win with the Scouts Association

SysGroup PLC

**Summary**
SysGroup PLC, a provider of managed IT services and cloud solutions, announced on January 29, 2026, that it has secured a new three-year contract with The Scouts Association (Scouts), the UKs largest youth movement. This agreement, awarded after a competitive tender process, expands the range of managed network services SysGroup will provide to Scouts, building on their long-standing relationship. The contract leverages SysGroups visibility-led operating model, which uses data and AI-driven insights to enhance decision-making, risk management, and service delivery.
Key highlights include
SysGroup will continue to support Scouts national network infrastructure, offering improved visibility, assurance, and operational oversight.
Scouts Head of Technology & Digital, Jason Mason, praised SysGroups understanding of their organization and requirements.
SysGroups CTO, Simon Kirkup, emphasized the companys evolving operating model, focusing on visibility, automation, and intelligence to foster long-term partnerships.
This non-regulatory announcement underscores SysGroups commitment to delivering transformative IT solutions and strengthening client relationships. For more information, visit [www.sysgroup.com](http://www.sysgroup.com).
NewContract
IPF logo
Latest RNS 12:53
IPF

Holding(s) in Company

International Personal Finance PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Chase & Co.', '0.740988', 'Below Minimum Threshold']
IPF logo
Latest RNS 12:53
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['JPMorgan Chase & Co.', '0.850964', '0.740988']
IPF logo
Latest RNS 12:48
IPF

Form 8.3

International Personal Finance PLC

GEX logo
Latest RNS 12:18
GEX

Holding(s) in Company

Georgina Energy PLC

<mark style="background-coloryellow">TR1</mark> Buy
['CSS ALPHA FUND AIFLNP VCIC LTD', '5,304,646', '7,304,646']
IPF logo
Latest RNS 11:29
IPF

Form 8.3

International Personal Finance PLC

MFAI logo
Latest RNS 09:46
MFAI

New Investment in AI Sales Execution Company

Mindflair Plc

**Summary**
Mindflair plc, an AIM-quoted investment company focused on AI and related technologies, announced that Sure Valley Ventures (SVV) third fund (SVV3), in which Mindflair holds an interest, has invested in Overpath Limited, an Ireland-based AI sales execution platform. Overpath raised €1.6 million in pre-seed funding, led by Elkstone Ventures, to accelerate product development and expand enterprise partnerships. The platform uses AI to analyze live sales data, helping organizations identify execution risks early and recommend proactive actions to improve sales outcomes. Founded by experienced enterprise software operators Ross Keating and Dermot OConnor, Overpath aims to address a critical gap in revenue technology by focusing on sales execution rather than retrospective analytics. Nicholas Lee, Director of Mindflair, highlighted the investment aligns with their strategy of backing differentiated AI companies solving real operational challenges. Mindflair continues to build a portfolio of high-growth AI-focused businesses across sectors like IoT, cybersecurity, and machine learning.
AI
COST logo
Latest RNS 09:18
COST

Holding(s) in Company

Costain Group PLC

TR1 Buy
['UBS Group AG-Investment Bank & Global Wealth Management', '8.372246', '7.933702']
GEN logo
Latest RNS 09:16
GEN

Holding(s) in Company

Genuit Group plc

TR1 Buy
['Wellington Management Group LLP', '4.370000', '4.300000']
GEN logo
Latest RNS 09:07
GEN

Holding(s) in Company

Genuit Group plc

TR1 Buy
['Wellington Management International Ltd', '4.370000', '4.300000']
NCC logo
Latest RNS 08:12
NCC

Dealing Disclosure under Rule 8 Takeover Code

NCC Group plc

**Summary**
On **29 January 2026**, **Mike Maddison**, a person acting in concert with the offeree **NCC Group plc**, disclosed his interests and rights under **Rule 8 of the Takeover Code**. The disclosure, filed via **RNS** (Regulatory News Service), details Maddison’s holdings and options in **NCC Group plc** as of **23 January 2026**.
**Key Points**
1. **Holdings** Maddison owns **172,170 ordinary shares** (0.00055% of the company) with no short positions.
2. **Options** He holds **nil-cost options** and **deferred bonus options** totaling **3,405,052 shares** under various performance-based and bonus plans, granted between **2022 and 2026**. Vesting and lapse dates range from **2025 to 2036**.
3. **Dealings** No purchases, sales, or derivative transactions were reported.
4. **Other Arrangements** No indemnities, agreements, or understandings related to voting rights or derivatives were disclosed.
The disclosure complies with **Takeover Code** requirements, with no supplemental forms attached. **Elizabeth Duncan-Lee** is the contact for further inquiries.
**Purpose** The filing ensures transparency in dealings related to **NCC Group plc** during a potential takeover or offer process.
DirectorDealing
NCC logo
Latest RNS 08:12
NCC

Dealing Disclosure under Rule 8 Takeover Code

NCC Group plc

**Summary**
On **29 January 2026**, **Guy Ellis**, a person acting in concert with the offeree **NCC Group plc**, disclosed dealings under **Rule 8 of the Takeover Code**. The disclosure details Elliss interests and rights in **NCC Group plc**s ordinary shares as of **23 January 2026**. Key points include
1. **Interests and Short Positions**
Ellis holds **1,833 ordinary shares** (0.00058% of the company), with no short positions.
2. **Rights to Subscribe**
Ellis holds **nil-cost options** and **deferred bonus options** totaling **1,376,079 shares** under various employee share plans, with vesting and lapse dates ranging from **2025 to 2036**.
3. **Dealings**
No purchases, sales, or derivative transactions were reported.
4. **Other Information**
No indemnity arrangements, agreements, or supplemental forms were disclosed.
The disclosure was made through **RNS**, the news service of the London Stock Exchange, and complies with the **Takeover Code** requirements. Contact details for further information are provided.
DirectorDealing
SBTX logo
Latest RNS 06:01
SBTX

Holding(s) in Company

SkinBioTherapeutics PLC

<mark style="background-coloryellow">TR1</mark> Buy
['Mark H Dixon and Diana Dixon', '19.312', 'n/a']
LLOY logo
Latest RNS 06:01
LLOY

2025 results

Lloyds Banking Group PLC

<mark style="background-coloryellow"></mark>
RNK logo
Latest RNS 06:01
RNK

Half-year Report

Rank Group PLC

**Summary of Rank Group PLC Half-Year Report (H1 2025/26)**
**Financial Performance Highlights**
**Revenue Growth** Like-for-like (LFL) net gaming revenue (NGR) increased by 6% to £419.8 million, driven by growth across all business segments.
**Profitability** Underlying LFL operating profit rose by 15% to £40.6 million, despite a statutory operating profit decline to £31.3 million due to a £6.5 million loss from a payment fraud incident in Spain.
**Cash Position** Net cash (pre-IFRS 16) improved by 63% to £39.4 million, with net free cash flow at £3.8 million.
**Dividend** Interim dividend increased by 54% to 1.00 pence per share, reflecting confidence in the Group’s outlook.
**Segment Performance**
**Venues** LFL NGR grew by 5% to £296.1 million, with Grosvenor venues up 6% and Mecca venues up 4%.
**Digital** LFL NGR increased by 8% to £123.7 million, led by 17% growth in Grosvenor online and 5% in Mecca online.
**International** Spain’s digital revenues grew by 1%, while Portugal’s YoBingo soft launch was successful, with a full launch planned for February 2026.
**Strategic Initiatives**
**Grosvenor Venues** Installed 850 additional gaming machines across 37 venues, with plans to optimize product offerings and layouts in H2.
**Digital Mitigation** Implemented measures to offset the impact of the Remote Gaming Duty (RGD) increase from 21% to 40%, including reduced media spend and renegotiated supplier contracts.
**Safer Gambling** Enhanced customer monitoring systems and joined GamProtect, a cross-operator data-sharing initiative to protect vulnerable customers.
**Challenges**
**Cost Headwinds** Increased employment costs and the RGD hike will impact profitability, particularly in Q4 and beyond.
**Fraud Incident** A £6.5 million loss from payment fraud in Spain was classified as a separately disclosed item.
**Outlook**
**Medium-Term Target** Remains focused on delivering at least £100 million in annual operating profit.
**Leadership Transition** John OReilly retired as CEO, with Richard Harris appointed as interim CEO.
**Sustainability and Governance**
**Environmental** Achieved a 41% reduction in emissions, driven by renewable energy adoption and decarbonization efforts.
**Board Changes** John H. Ott appointed as Chair, replacing Karen Whitworth.
**Conclusion**
Rank Group demonstrated resilience with strong H1 performance, despite challenges like the RGD increase and fraud incident. Strategic investments in venues and digital, coupled with cost mitigation measures, position the Group to navigate headwinds and pursue its medium-term profit target.
Here’s an HTML table comparing the financials and debt year on year for Rank Group PLC based on the provided text:
MetricH1 2025/26H1 2024/25Change
Financial KPIs
Group Underlying LFL Net Gaming Revenue (NGR)£419.8m£395.6m6%
Venues Underlying LFL NGR£296.1m£280.8m5%
Digital Underlying LFL NGR£123.7m£114.8m8%
Underlying LFL Operating Profit£40.6m£35.2m15%
Net Cash Pre IFRS 16£39.4m£24.2m63%
Underlying Earnings Per Share5.6p4.8p17%
Return on Capital Employed (ROCE)15.9%13.3%2.6 %pts
Statutory Performance
Reported NGR£420.0m£401.8m5%
Total Group Operating Profit£31.3m£35.2m(11)%
Profit Before Taxation£23.9m£29.4m(19)%
Profit After Taxation£18.5m£24.9m(26)%
Net Free Cash Flow£3.8m£4.3m(12)%
Net Debt£(165.1)m£(124.1)m33%
Basic Earnings Per Share4.0p5.3p(25)%
Dividend Per Share1.00p0.65p54%
### Key Highlights: 1. **Revenue Growth**: Group underlying LFL NGR increased by 6% to £419.8m, driven by growth across all businesses. 2. **Profitability**: Underlying LFL operating profit rose by 15% to £40.6m, despite cost pressures. 3. **Net Cash**: Net cash pre IFRS 16 increased significantly by 63% to £39.4m. 4. **Debt**: Net debt increased by 33% to £(165.1)m, primarily due to lease liabilities. 5. **Dividend**: Dividend per share increased by 54% to 1.00p, reflecting confidence in the Group's outlook. This table provides a clear comparison of key financial metrics and debt levels between H1 2025/26 and H1 2024/25.
WNX logo
Latest RNS 06:01
WNX

Q2 FY26 Quarterly Update and Appendix 4C

Wellnex Life Limited

**Summary of Wellnex Life Limited Q2 FY26 Quarterly Update and Appendix 4C**
Wellnex Life Limited (ASX/AIMWNX) released its Q2 FY26 quarterly update and Appendix 4C on January 29, 2026, highlighting significant operational and financial improvements. Key takeaways include
1. **Financial Performance**
Operating cash outflow improved to $(0.16) million, a substantial reduction from $(2.98) million in Q1 FY26, driven by 31.5% quarter-on-quarter (QoQ) revenue growth and cost-cutting measures.
Customer cash receipts rose to $5.10 million, up from $4.54 million in Q1 FY26.
Total revenue increased to $7.1 million, with IP Licensing revenue surging by 1,000% to $3.3 million, offsetting a 25.5% decline in Brands revenue to $3.8 million due to strategic consolidation of non-core assets.
Gross profit grew by 16.7% to $2.1 million.
2. **Cash Position**
Quarter-end cash balance increased to $0.98 million, with $2.01 million in undrawn financing facilities available.
Total financing facilities stood at $11.65 million, with $9.65 million drawn.
3. **Strategic Focus**
The company continues its turnaround strategy, focusing on core brands like Pain Away, improving cash conversion, and strengthening the balance sheet.
Manufacturing and operating cash flows normalized after a one-off raw material purchase in Q1 FY26.
4. **Corporate Updates**
Payments of $0.36 million were made to related parties for directors fees, executive remuneration, and associated costs.
The Board remains optimistic about execution and engagement across the business, with efforts to enhance margins and reduce costs.
5. **Investor Engagement**
Executive Chairman Ash Vesali will host a live investor briefing on February 2, 2026, at 11 am (AEDT).
6. **Appendix 4C Highlights**
Net cash from operating activities improved to $(0.16) million.
Financing activities contributed $0.965 million in net cash.
Estimated cash available for future operations is $2.98 million, sufficient for approximately 18.3 quarters based on current cash outflows.
Wellnex Life remains committed to its strategic goals, with a focus on profitability and sustainable growth.
Below is an HTML table comparing the financials and debt year on year based on the provided text. The table includes key metrics such as revenue, gross profit, cash balance, and debt levels for Q2 FY26 and Q1 FY26.
MetricQ2 FY26Q1 FY26% Change
Revenue
Brands$3.8 million$5.1 million(25.5%)
IP Licensing$3.3 million$0.3 million1000%
Total Revenue$7.1 million$5.4 million31.5%
Gross Profit$2.1 million$1.8 million16.7%
Operating Cash Flow$(0.16) million$(2.98) million94.6% Improvement
Customer Cash Receipts$5.10 million$4.54 million12.3%
Cash Balance (Quarter End)$0.98 millionNot ProvidedN/A
Total Debt Drawn$9.65 millionNot ProvidedN/A
Unused Financing Facilities$2.01 millionNot ProvidedN/A
### Notes: 1. **Year-on-Year Comparison**: The provided text only includes data for Q2 FY26 and Q1 FY26, so a full year-on-year comparison is not possible. The table compares the two quarters instead. 2. **Debt and Cash Balance**: The debt and cash balance figures are based on the information provided in the Appendix 4C and the main text. 3. **Percentage Changes**: Calculated based on the available data for Q2 FY26 and Q1 FY26. This table provides a clear comparison of key financial metrics between Q2 FY26 and Q1 FY26, highlighting improvements and changes in revenue, cash flow, and debt levels.
SOM logo
Latest RNS 06:01
SOM

Trading Update

Somero Enterprise Inc

**Summary**
Somero Enterprises Inc. released a trading update for the financial year ended 31 December 2025, highlighting improved performance in the second half (H2) of the year. Key points include
1. **Financial Performance**
FY 2025 revenue is expected to be approximately **US$88.9 million**, in line with guidance and market expectations, with H2 revenues up **23.4%** to **US$49.1 million**.
New product launches, including the S-15EZ and Hammerhead Laser Screed, contributed **US$13.0 million** in H2.
FY 2025 adjusted EBITDA is expected to be **US$17.5 million**, and year-end cash is better than anticipated at **US$33.2 million**.
2. **Regional Performance**
**North America** revenues declined to **US$68.1 million** due to mixed demand in non-residential construction.
**Europe** revenues improved in H2 but remained lower at **US$8.9 million** due to macroeconomic and geopolitical challenges.
**Australia** revenues normalized to **US$5.6 million** (down 15%) after exceptional growth in prior periods.
**Rest of World** revenues remained consistent at **US$6.3 million**.
3. **Strategic Progress**
The company is advancing its long-term strategy under the pillars of **Fortify, Innovate, and Amplify**, with initiatives underway to strengthen market presence and product offerings.
4. **Outlook for FY 2026**
The Board anticipates **market volatility** to continue, with overall trading expected to be **broadly similar** to FY 2025.
Strategic initiatives, including expanding the product range, are expected to contribute meaningfully to FY 2026 performance.
5. **Management Commentary**
CEO Tim Averkamp emphasized strong H2 performance, positive customer response to new products, and disciplined execution despite near-term uncertainties.
The company remains focused on innovation, margin protection, and preparing for growth when market conditions improve.
Someros final results for 2025 are scheduled for release on **10 March 2026**.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY 2025FY 2024Change
Revenue (US$ m)88.9109.2-18.6%
North America68.182.2-17.2%
Europe8.914.6-39.0%
Australia5.66.6-15.2%
Rest of World6.35.8+8.6%
Parts and Service Revenue17.019.1-11.0%
Adjusted EBITDA (US$ m)17.5Not ProvidedN/A
Year-End Cash (US$ m)33.2Not ProvidedN/A
### Notes: 1. **Revenue**: The overall revenue decreased by 18.6% from FY 2024 to FY 2025. Regional breakdowns show declines in North America, Europe, and Australia, with a slight increase in the Rest of World segment. 2. **Parts and Service Revenue**: Declined by 11.0%, a smaller decrease compared to overall revenue. 3. **Adjusted EBITDA and Year-End Cash**: FY 2024 figures were not provided, so the change is marked as N/A. 4. **Debt**: No specific debt figures were mentioned in the text, so it is not included in the table. This table provides a clear year-on-year comparison of the key financials mentioned in the text.
WIZZ logo
Latest RNS 06:01
WIZZ

Q3 F26 RESULTS

Wizz Air Holdings PLC

**Summary of Wizz Air Holdings PLC Q3 F26 Results (January 29, 2026):**
Wizz Air Holdings PLC, Europes most emissions-efficient airline, reported its unaudited Q3 F26 results for the period ending December 31, 2025. The airline demonstrated robust growth and operational resilience despite ongoing challenges, including GTF engine-related disruptions.
**Key Highlights**
1. **Financial Performance**
**Revenue Growth** Total revenue increased by 10.2% to €1,296.4 million, driven by a 12.5% rise in passengers carried to 17.5 million.
**EBITDA Improvement** EBITDA grew by 12.2% to €176.2 million, with an EBITDA margin of 13.6%.
**Operating Loss** Operating loss widened to €123.9 million, primarily due to higher depreciation charges related to older aircraft maintenance.
**Net Loss** Net loss decreased to €139.3 million from €241.1 million in the same period last year.
**Cash Position** Total cash increased by 14.3% to €1,984.8 million, while net debt rose slightly to €5,196.0 million.
2. **Operational Metrics**
**Capacity Expansion** ASK capacity grew by 11.1%, with a 13.1% increase in seats, despite shorter stage lengths.
**Load Factor** Load factor slightly decreased to 89.8% from 90.3%.
**RASK and CASK** Total unit revenue (RASK) declined by 0.8% to €3.83 cents, while total unit cost (CASK) increased by 2.3% to €4.35 cents, driven by higher depreciation, fuel, and airport charges.
3. **Fleet and Network**
**Fleet Growth** Fleet size expanded to 257 aircraft, with a focus on NEO aircraft, which now constitute nearly 75% of the fleet.
**Network Expansion** CEE market share reached 26%, maintaining Wizz Airs position as the largest CEE operator. New flights were announced across several European cities.
**GTF Engine Issues** Progress was made in addressing GTF engine inspections, with grounded aircraft decreasing to 33 from 40 in December 2024.
4. **Strategic Initiatives**
**Sustainability** Wizz Air maintained its leadership in CO2 emissions efficiency, with a 12-month rolling emissions rate of 50.8g per passenger kilometer.
**Ancillary Products** The All You Can Fly initiative continued to show encouraging results, with a third phase launched offering 10,000 new annual memberships.
**Employee Engagement** Overall employee engagement score increased to 7.5, reflecting improved workplace satisfaction.
5. **Outlook**
**Capacity and Load Factor** ASK capacity is expected to grow by around 10% in F26, with a load factor above 91%.
**Unit Revenue and Costs** Flat unit revenue and modest inflation in total unit costs are forecasted, driven by higher navigation and maintenance costs.
**Net Income** Expected to be in the range of +€25 to -€25 million.
**Leadership Changes**
Ian Malin appointed as Chief Commercial Officer.
Veronika Špaňárová appointed as Chief Financial Officer.
Michael Delehants role renamed to Group Managing Director.
**Conclusion**
Wizz Air demonstrated resilience and growth in Q3 F26, navigating challenges while expanding its network and fleet. The airline remains focused on operational efficiency, sustainability, and strategic initiatives to drive long-term success.
Here’s an HTML table comparing the financials and debt year on year for Wizz Air Holdings PLC based on the provided text:
Metric20252024Change
Period-end fleet size25722613.7%
ASKs (million km)33,84930,48011.1%
Load factor (%)89.890.3(0.5) ppt
Passengers carried (million)17.515.512.5%
Total revenue (€ million)1,296.41,176.810.2%
EBITDA (€ million)176.2157.112.2%
EBITDA Margin (%)13.613.30.2 ppt
Operating loss (€ million)(123.9)(75.9)63.3%
Net loss (€ million)(139.3)(241.1)(42.2)%
Total cash (€ million)1,984.81,736.014.3%
Net debt (€ million)5,196.04,956.34.8%
### Explanation: - **Metrics**: Key financial and operational metrics are listed in the first column. - **2025 and 2024**: Values for the respective years are provided in the adjacent columns. - **Change**: Percentage change or point change (for percentages) between 2025 and 2024 is shown in the last column. This table provides a clear comparison of the year-on-year changes in financials and debt for Wizz Air Holdings PLC.
APTA logo
Latest RNS 06:01
APTA

Contract wins and first cash licensing receipts

Aptamer Group PLC

**Summary**
Aptamer Group PLC, a developer of next-generation synthetic binders for the life sciences industry, announced significant commercial progress on January 29, 2026. The company secured **£190,000 in new fee-for-service contracts and extensions**, including repeat business with top-tier pharmaceutical partners, bringing its FY26 fee-for-service order book to over **£2.1 million**. Additionally, Aptamer received its **first cash licensing receipts of £80,000** from a hot-start PCR Optimer® license, marking the transition to high-margin, recurring revenues.
Key highlights include
**Repeat contracts** with a top-10 global pharmaceutical company and other leading industry players, demonstrating sustained adoption of the Optimer® platform.
A new Optimer® development program for novel fertility solutions, with Aptamer retaining full intellectual property rights for potential downstream licensing.
The first cash licensing receipts are expected to contribute **15% of annual overhead** over the next three years, showcasing operational leverage.
A strong financial position with funding runway through **June 2027**, supporting continued revenue growth and progress toward cash-flow break-even.
CEO Dr. Arron Tolley emphasized the company’s progress in building a higher-quality, recurring revenue business, with confidence in delivering year-on-year growth and enhancing shareholder value.
NewContract
KRM logo
Latest RNS 06:01
KRM

Trading Update

KRM22 Plc

**Summary**
KRM22 plc, a technology and software investment company focused on risk management in capital markets, released a trading update for the fiscal year 2025 (FY2025) on January 29, 2026. Key financial highlights include
1. **Annual Recurring Revenue (ARR)** £7.6 million, a 19% growth at constant FX rates compared to FY2024 (£6.6 million). New contracted ARR was £1.6 million, driven by cross-sales and contractual price increases.
2. **Total Revenue** Approximately £7.5 million, an 11% increase from FY2024 (£6.8 million).
3. **Adjusted EBITDA:** £0.7 milliondown from £1.0 million in FY2024.
4. **Cash Position** Gross and net cash of £5.2 million as of December 31, 2025, significantly improved from a net debt of £3.5 million in FY2024, following a successful £9.2 million fundraise in November 2025.
The company attributed ARR growth to cross-sales of its Risk Manager, Limits Manager, and Market Surveillance applications, as well as contractual price increases. Churn of £0.4 million was primarily due to two institutional customers canceling Market Surveillance licenses but signing new multi-year contracts for other KRM22 applications.
With a strengthened cash position, KRM22 plans to invest in sales, marketing, and development to expand its risk management applications and offer multi-asset solutions. CEO Dan Carter emphasized the company’s strong sales pipeline, robust balance sheet, and strategic focus for continued growth in 2026. Audited results for FY2025 are expected in May 2026.
Below is the HTML table code comparing the financials and debt year-on-year for KRM22 PLC based on the provided text:
MetricFY2024FY2025Change
Annual Recurring Revenue (ARR)£6.6m (£6.4m at constant FX)£7.6m (£7.6m at constant FX)+19% (at constant FX)
New Contracted ARR£1.7m£1.6m-6%
Total Revenue Recognised£6.8m£7.5m+11%
Adjusted EBITDA£1.0m£0.7m-30%
Gross Cash£1.0m£5.2m+420%
Net Cash/(Debt)Net Debt £3.5mNet Cash £5.2mDebt-free (from net debt)
FundraiseN/A£9.2m (Nov 2025)N/A
### Key Notes: - **ARR Growth**: 19% growth at constant FX rates, from £6.4m in FY2024 to £7.6m in FY2025. - **Revenue Growth**: 11% increase in total revenue recognised, from £6.8m to £7.5m. - **Adjusted EBITDA**: Decreased by 30%, from £1.0m to £0.7m. - **Cash Position**: Significant improvement in gross cash from £1.0m to £5.2m, and moved from net debt of £3.5m to net cash of £5.2m. - **Fundraise**: £9.2m raised in November 2025, enabling the company to become debt-free. This table provides a clear comparison of key financial metrics between FY2024 and FY2025 for KRM22 PLC.
TPFG logo
Latest RNS 06:01
TPFG

FY25 Trading Update

Property Franchise Group PLC

**Summary**
The Property Franchise Group PLC (TPFG) reported a strong FY25 performance, highlighting significant organic growth and profitability slightly ahead of market expectations. Key highlights include
**Revenue Growth**Group revenue increased by 25% to £84.3 million, with a 9% pro-forma increase. Recurring revenue sources accounted for 51% of total revenue.
**Division Performance**
**Franchising**Revenue grew 16% to £47.5 million, driven by lettings and sales management services fees (MSF), despite a challenging lettings market. The launch of the Privilege program added £1.5 million in new revenue.
**Financial Services**Revenue increased 26% to £24.2 million, supported by improved advisor productivity and lower borrowing costs. Total mortgages written rose to 25,000, amounting to £4.4 billion in lending.
**Licensing**Revenue surged 75% to £12.6 million, with Fine & Country expanding internationally.
**Acquisitions**Post-year-end, TPFG acquired an 85% stake in Smart Advice Financial Solutions Ltd, expected to enhance earnings immediately.
**Net Debt Reduction**Net debt decreased to £2.3 million from £9.1 million in 2024.
**Outlook for 2026**TPFG aims to capitalize on its scale, expand the Privilege program, advance AI initiatives, and pursue acquisitions. Despite modest rental inflation, growth is expected across all divisions, supported by a strong sales pipeline and reduced lending costs.
CEO Gareth Samples emphasized the successful integration of acquisitions, revenue growth, and the resilience of TPFGs diversified business model, positioning the company for continued expansion in 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY2025FY2024ChangePro-forma Change
Group Revenue£84.3m£67.3m+25%+9%
Franchising Revenue£47.5m£40.9m+16%+9%
- Lettings MSF£21.6m£19.0m+14%+5%
- Sales MSF£10.5m£9.3m+13%+9%
Financial Services Revenue£24.2m£19.2m+26%+10%
Licensing Revenue£12.6m£7.2m+75%+3%
Net Debt£2.3m£9.1m-75%-
Recurring Revenue (%)51%52%-1%-
Mortgages Written25,00023,000+9%-
Lending Volume£4.4bn---
### Key Notes: - **Pro-forma** figures include revenues earned by Belvoir Group and GPEA within H1 2024 prior to acquisition. - **MSF** stands for Management Services Fees. - **Net Debt** decreased significantly from £9.1m in FY2024 to £2.3m in FY2025. - **Recurring Revenue** percentage slightly decreased from 52% to 51%. This table provides a clear comparison of key financial metrics and debt between FY2025 and FY2024, including pro-forma adjustments where applicable.
ACSO logo
Latest RNS 06:01
ACSO

Trading Update and Tender Offer

Accesso Technology Group PLC

**Summary**
**Accesso Technology Group PLC** (AIMACSO) released a trading update and tender offer announcement on January 29, 2026. Key highlights include
1. **Trading Update for 2025**
Revenue is expected to be slightly ahead of market expectations at approximately $155 million.
Cash EBITDA margins are approaching 15%, reflecting operational efficiency and cost management.
Net cash as of December 312025was $30 millionsupported by strong cash generation.
2. **Tender Offer**
The Board plans to repurchase up to £14.5 million of the Company’s shares at £3.00 per share, following the completion of its 2025-2026 share repurchase program.
Details of the tender offer, including timetable and terms, will be communicated to shareholders later.
3. **Outlook for 2026**
Despite challenges in 2025, including changes in services to key customers, the Group entered 2026 with strong commercial momentum.
Management has aligned costs with market conditions and strategic priorities, enhancing business resilience.
The 2026 outturn is expected to be in line with current market expectations.
4. **Customer Updates**
A major customer has continued service into 2026, with updated commercial arrangements nearing completion.
Another major customer will not renew its agreement beyond January 31, 2026, as anticipated.
5. **Company Overview**
Accesso is a premier technology solutions provider for leisure, entertainment, and cultural markets, serving over 1,100 venues in 33 countries.
The company focuses on improving guest experiences and driving revenue for clients through innovative technology solutions.
The announcement constitutes inside information under the Market Abuse Regulations (EU) No. 596/2014 and is now in the public domain.
Offers
FSJ logo
Latest RNS 06:01
FSJ

Full Year Trading Update and Notice of Results

James Fisher and Sons PLC

**Summary**
James Fisher and Sons plc, a leading marine services company, released a full-year trading update for 2025 (FY25) on January 29, 2026, ahead of its official results announcement on March 12, 2026. The company reported strong performance, with underlying operating profit exceeding market expectations at approximately £28 million, driven by a 4% like-for-like revenue growth to £395 million and an improved margin of around 7%. Key highlights include
1. **Improved Trading Performance** Second-half trading strengthened, supported by favorable end markets, despite some softness in oil and gas.
2. **Strategic Initiatives** Focus on productivity, supply chain efficiency, and business mix optimization contributed to profit growth.
3. **Division Performance**
**Energy Division** Solid results in Energy Services and Renewables, with mixed performance in specific product lines.
**Defence Division** Enhanced performance with strategic contract wins, including a significant award for the Polish Navy.
**Maritime Transport** Strong results driven by high utilization in Tankships and increased seasonal activity.
4. **Financial Health** Net debt/EBITDA remained within the target range of 1.0-1.5x, supported by disciplined cash management.
5. **Outlook** The company remains confident in delivering further progress in 2026, with expectations of continued seasonal weighting toward the second half.
CEO Jean Vernet highlighted progress toward medium-term targets and long-term growth opportunities, emphasizing the company’s streamlined portfolio, strengthened product base, and international expansion. Full-year results for FY25 will be announced on March 12, 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">James Fisher & Sons plc Financials Comparison

James Fisher & Sons plc Financials Comparison (FY24 vs FY25)

MetricFY24FY25Change
Revenue (£m)~£379.8*~£395+4% (like-for-like)
Underlying Operating Profit (£m)~£25.5†~£28Ahead of expectations
Operating Margin~6.7%‡~7%Improved
Net Debt / EBITDAWithin 1.0-1.5xWithin 1.0-1.5xMaintained
* Calculated based on FY25 revenue growth of 4% like-for-like.
† Consensus mean underlying operating profit (continuing operations) for FY24.
‡ Estimated based on FY24 revenue and operating profit.

Notes:

  • FY24 figures are estimated or based on consensus where actual data is not provided.
  • FY25 figures are as per the trading update released on 29 January 2026.
  • Like-for-like growth adjusts for 2024 disposals (RMSpumptools and Martek; FY24 revenue £31.7m) and staged closures of IRM Middle East and Africa businesses.
### Explanation: 1. **Revenue**: FY24 revenue is estimated by reversing the 4% like-for-like growth in FY25. 2. **Underlying Operating Profit**: FY24 figure is based on the consensus mean provided in the notes. 3. **Operating Margin**: Calculated as Operating Profit / Revenue. 4. **Net Debt / EBITDA**: Maintained within the target range for both years. The table includes footnotes for clarity and assumptions made due to the lack of explicit FY24 data in the provided text.
BOOT logo
Latest RNS 06:01
BOOT

Trading Statement

Henry Boot PLC

**Summary**
Henry Boot PLC, a UK-based land promotion, property investment, and home building company, released a trading update for the year ended 31 December 2025. Despite global economic and political uncertainties, the company delivered a resilient performance, driven by strong demand for its high-quality residential land. Key highlights include
1. **Financial Performance**Full-year profits are expected to be in line with market expectations (£29.7m), supported by the sale of Henry Boot Construction (HBC) and strong land sales.
2. **Strategic Progress**
Accelerated planning applications for over 11,000 plots within Hallam Land.
Strengthened Stonebridge Homes (SBH) by increasing ownership and expanding its landbank.
Simplified the group through the sale of HBC, focusing on high-quality land and premium homes.
3. **Operational Updates**
Hallam Land achieved record residential plot sales (3,957 plots) and secured consent for 4,159 plots.
HBD completed schemes with a GDV of £119m and expanded its Industrial and Logistics (I&L) joint venture, Origin.
SBH faced softer trading conditions, completing 185 homes (<mark style="background-color:yellow">below</mark> target), but expanded its landbank to 2,572 plots.
4. **Outlook**
The company expects 2026 profit before tax to be significantly below market expectations (£33.6m) due to subdued transaction activity, macroeconomic uncertainty, and the expiry of the profitable Road Link contract.
Long-term prospects remain positive, supported by a strong pipeline, disciplined investment approach, and a focus on key markets (residential, industrial/logistics, and urban development).
Henry Boot remains well-positioned for medium-term growth, with a strong balance sheet and strategic focus on high-quality land and premium developments.
Below is the HTML table code comparing the financials and debt year-on-year for Henry Boot PLC based on the provided text:
Metric20242025Change
Residential Plot Sales (Hallam Land)2,661 plots3,957 plots+1,296 plots (+48.7%)
Consented Plots (Hallam Land)2,982 plots4,159 plots+1,177 plots (+39.5%)
Homes Completed (Stonebridge Homes)270 homes185 homes-85 homes (-31.5%)
Net Debt£62.7m£108m+£45.3m (+72.2%)
Profit Before Tax (Market Consensus)N/A£29.7m (2025)N/A
Expected Profit Before Tax (2026)N/ASignificantly below £33.6mN/A
### Explanation: 1. **Residential Plot Sales (Hallam Land)**: Increased from 2,661 plots in 2024 to 3,957 plots in 2025. 2. **Consented Plots (Hallam Land)**: Increased from 2,982 plots in 2024 to 4,159 plots in 2025. 3. **Homes Completed (Stonebridge Homes)**: Decreased from 270 homes in 2024 to 185 homes in 2025. 4. **Net Debt**: Increased from £62.7m in 2024 to £108m in 2025. 5. **Profit Before Tax (Market Consensus)**: Provided for 2025 as £29.7m, with no comparable figure for 2024. 6. **Expected Profit Before Tax (2026)**: Expected to be significantly below £33.6m, with no comparable figure for 2025. This table provides a clear comparison of key financials and debt metrics between 2024 and 2025, along with the expected outlook for 2026.
TRB logo
Latest RNS 06:01
TRB

Trading Update and Notice of Results

Tribal Group plc

**Summary**
Tribal Group PLC, a leading provider of software and services to the international education market, released a trading update for the year ended 31 December 2025 (FY25), highlighting a strong performance. The company expects to report revenue and adjusted EBITDA slightly ahead of recently upwardly revised market expectations. Key achievements include
1. **Financial Performance**
Substantially improved net cash position of £11.4m (FY24: net debt of £3.2m), driven by increased profitability, reduced capex, exceptional working capital performance, and a one-off advance customer payment of £3.2m.
Healthy demand for Student Information Solutions (SIS), with key go-lives at prominent universities and significant product upgrades.
Etio, Tribals education services business, contributed improved performance due to operational efficiencies and strategic changes.
2. **Recurring Revenue Growth**
Closing Annual Recurring Revenue (ARR) increased by 11% to £63.3m, driven by new customer wins, upgrades, and the implementation of the Higher Education Full-Service (HEFS) subscription licence.
Contracted ARR grew by 14% to £65m.
3. **Strategic Progress**
Successful deployment of the HEFS subscription model, providing greater revenue visibility, margin resilience, and improved cash flow.
Continued momentum in SaaS transformation, with a large proportion of Higher Education customers onboarded to the subscription model, facilitating cloud migration and deeper customer engagement.
4. **Outlook**
The Group remains committed to driving recurring revenue growth and cloud adoption, supported by a strengthened balance sheet and long-term customer relationships.
Financial pressure on the Higher Education sector is accelerating demand for Tribals cost-effective digital transformation solutions, positioning the company for sustainable growth.
The Board anticipates adjusted EBITDA and cash performance in FY26 to exceed current market expectations.
**Notice of Results**Tribal Group expects to announce its audited full-year results on 26 March 2026.
**CEO Comment**Mark Pickett highlighted FY25 as a transformational year, with improved profitability, a return to net cash, and significant progress in the SaaS strategy. The company enters FY26 in a strong position, anticipating continued momentum and performance ahead of market expectations.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
MetricFY24FY25Change
Revenue£87.5m (implied from FY25 expectations)Slightly ahead of £90.75m (market expectation)+~3.7% (estimated)
Adjusted EBITDA£15.0m (implied from FY25 expectations)Slightly ahead of £16.5m (market expectation)+~10.0% (estimated)
Net Cash/Debt PositionNet Debt of £3.2mNet Cash of £11.4m+£14.6m (from net debt to net cash)
Closing Annual Recurring Revenue (ARR)£57.0m (constant currency)£63.3m+11%
Contracted ARR£57.0m (constant currency)£65.0m+14%
### Explanation: 1. **Revenue and Adjusted EBITDA**: FY25 figures are "slightly ahead" of market expectations for FY25 (£90.75m revenue and £16.5m adjusted EBITDA). FY24 figures are implied based on the growth and expectations provided. 2. **Net Cash/Debt Position**: FY24 had a net debt of £3.2m, while FY25 achieved a net cash position of £11.4m, marking a significant improvement. 3. **ARR and Contracted ARR**: Both metrics show year-on-year growth, with ARR increasing by 11% and Contracted ARR by 14%. This table provides a clear comparison of key financial metrics and debt position between FY24 and FY25.
LUCE logo
Latest RNS 06:01
LUCE

2025 Full Year Trading Update

Luceco plc

**Summary**
Luceco PLC, a leading designer and manufacturer of residential and commercial electrification products, released its 2025 full-year trading update on January 29, 2026, highlighting a strong performance that exceeded market expectations. Key points include
1. **Financial Performance**
Revenue grew by 12% to £271 million, driven by a 6% like-for-like growth in the second half and a significant 85% increase in EV charging sales to £18 million.
Adjusted Operating Profit rose by 15% to at least £33.5 million, surpassing the top end of market expectations, with margins exceeding 12%.
2. **Operational Highlights**
Strong momentum in EV charging and solid growth in wiring accessories and LED products.
Manufacturing efficiency improvements and synergies from acquisitions, including CMD production synergies and consolidation of the D-Line UK facility, are enhancing margins.
3. **Outlook for 2026**
Positive momentum continues into 2026, supported by exposure to structural growth in the energy transition sector.
The Board has increased revenue and Adjusted Operating Profit expectations for 2026, comfortably exceeding market consensus.
4. **Financial Position**
Strong cash flow generation of £30 million and reduced net debt to £53 million, lowering the leverage ratio to 1.3x.
Robust balance sheet provides flexibility for further investment in organic growth and M&A.
5. **CEO Commentary**
CEO John Hornby attributed the success to sustainable competitive advantages, including superior channel access, agile product innovation, and vertically integrated manufacturing. He expressed confidence in delivering profitable growth in 2026 and beyond, particularly in the energy transition sector.
Overall, Luceco’s 2025 performance reflects strong growth, improved margins, and a positive outlook for 2026, supported by strategic initiatives and a solid financial position.
Below is the HTML table code comparing the financials and debt year-on-year for Luceco PLC based on the provided text:
Metric20242025Change
Revenue (£m)242.5271.0+12%
Adjusted Operating Profit (£m)29.0≥33.5+≈15%
Adjusted Operating Profit Margin (%)12.0>12.0Improved
EV Charging Sales (£m)9.818.0+85%
Bank Net Debt (£m)68.653.0-23%
Bank Net Debt:EBITDA Leverage Ratio (x)1.61.3Improved
Adjusted Free Cash Flow (£m)Outflow30.0Reversed
### Explanation: - **Revenue**: Increased by 12% from £242.5m in 2024 to £271.0m in 2025. - **Adjusted Operating Profit**: Grew by approximately 15% from £29.0m in 2024 to at least £33.5m in 2025. - **Adjusted Operating Profit Margin**: Improved from 12.0% in 2024 to exceed 12.0% in 2025. - **EV Charging Sales**: Surged by 85% from £9.8m in 2024 to £18.0m in 2025. - **Bank Net Debt**: Decreased by 23% from £68.6m in 2024 to £53.0m in 2025. - **Leverage Ratio**: Improved from 1.6x in 2024 to 1.3x in 2025. - **Adjusted Free Cash Flow**: Reversed from an outflow in 2024 to £30.0m in 2025. This table provides a clear year-on-year comparison of key financial and debt metrics for Luceco PLC.
III logo
Latest RNS 06:01
III

FY2026 Q3 performance update

3I Group PLC

**Summary of 3i Group PLC FY2026 Q3 Performance Update (January 29, 2026):**
1. **Overall Performance**
3i Group reported strong Q3 performance, with a 20% total return for the nine months ending December 31, 2025, driven by a £766 million foreign exchange gain and robust portfolio performance.
NAV per share increased to 3017 pence (from 2857 pence in September 2025).
2. **Action (Key Investment)**
**Financials** Net sales of €16 billion (+16% YoY) and operating EBITDA of €2.367 billion (+14% YoY) in the 52 weeks to December 28, 2025.
**Store Expansion** Added a record 384 net new stores in 2025, reaching 3,302 stores across 14 countries.
**LFL Growth** 4.9% in 2025 (vs. 10.3% in 2024), impacted by cautious consumer behavior in France. Recovery seen in January 2026 with 6.1% LFL growth.
**Capital Restructuring** Received £944 million from Action’s refinancing, reinvested £755 million to increase stake to 62.3%. Received £246 million dividend from Action.
**Valuation** Action valued at £22.382 billion (3i’s 62.3% stake).
3. **Portfolio Highlights**
**Royal Sanders** Strong performance with further investment of £56 million and acquisition of Vendoleo.
**Audley Travel** Sustained strong year-on-year performance.
**MAIT Disposal** Realized £147 million, a 34% uplift on March 2025 valuation.
**3i Infrastructure (3iN)** Share price increased 3% in Q3
3i recognized £18 million dividend.
4. **Financial Position**
Strong balance sheet with £995 million in gross cash and 1% gearing as of December 31, 2025.
Completed £825 million in investments and £1.112 billion in realizations in Q3.
5. **Future Outlook**
Positive start to Q4 FY2026, with expectations of another strong year of compounding growth.
Agreement with GIC to increase Action stake to 65.3% in exchange for £1 billion in 3i shares.
6. **Audit Update**
Ernst & Young LLP appointed as external auditor from FY2028, subject to shareholder approval.
**Key Takeaways**
3i Group delivered strong Q3 performance, driven by Action’s growth and strategic portfolio management. The company maintains a robust financial position and is poised for continued growth in FY2026.
Below is an HTML table comparing the financials and debt year on year for 3i Group PLC based on the provided text:
Metric2024 (FY2025 Q3)2025 (FY2026 Q3)Change
Action Net Sales (€m)13,78116,000+16%
Action Operating EBITDA (€m)2,0762,367+14%
Action LFL Sales Growth10.3%4.9%-5.4%
Action Net New Stores Added352384+32
Action Net Debt to EBITDA Ratio2.4x2.8x+0.4x
3i Group Cash (£m)439995+556
3i Group Gearing3%1%-2%
3i Group NAV per Share (pence)2,8573,017+160
Private Equity Portfolio Leverage (excl. Action)3.5x3.6x+0.1x
Total Investment (£m)7321,557+825
Total Realised Proceeds (£m)3911,503+1,112
### Key Highlights: 1. **Action Performance**: Net sales and operating EBITDA increased by 16% and 14%, respectively, year on year. However, LFL sales growth slowed from 10.3% to 4.9%. 2. **Debt Metrics**: Action's net debt to EBITDA ratio increased from 2.4x to 2.8x, while 3i Group's gearing decreased from 3% to 1%. 3. **3i Group Financials**: Cash position strengthened significantly from £439 million to £995 million, and NAV per share increased by 160 pence. 4. **Investment and Realisation**: Total investment and realised proceeds increased substantially, driven by reinvestment in Action and the realisation from MAIT and Yanga. This table provides a concise comparison of key financial and debt metrics between the two periods.
PPET logo
Latest RNS 06:01
PPET

Annual Financial Report

Patria Private Equity Trust

Patria Private Equity Trust plc (PPET) has released its annual financial report for the year ended September 30, 2025, highlighting strong performance and strategic progress. Heres a summary of the key points
**Financial Performance**
PPET achieved a NAV Total Return (NAV TR) of 10.6%, marking its 16th consecutive year of positive NAV TR growth.
Share price total return was 7%, while the portfolio return in constant currency was 8.0%.
The company made 21 new investments totaling £300.1 million and realized £180.2 million from investments.
**Portfolio and Strategy**
PPET focuses on the European mid-market private equity, targeting long-term total returns through capital growth and dividends.
The portfolio consists of over 600 private companies, offering daily liquidity, quarterly dividends, and no performance fees.
The company partners with leading private equity managers, investing in their funds and directly alongside them.
**Key Metrics**
NAV per share increased to 845.5p from 780.1p in the previous year.
Portfolio value grew to £1371.1 million from £1177.1 million.
Outstanding commitments were £759.3 million, with an over-commitment ratio of 33.8%.
**Board and Management**
The Board conducted share buybackspurchasing 5.5 million sharesadding 8.5 pence to NAV per share.
Alan Devinethe Chairmanannounced his retirementwith Duncan Budge succeeding him.
The company renewed its marketing focus on the retail segment and conducted an inaugural perception study.
**Investment Activity**
PPET made new commitments of £300.1 million across primary funds, fund secondaries, and direct investments.
The company completed its first full exit from a direct investment, selling Mademoiselle Desserts to Emmi Group.
PPET also achieved a partial realization of its direct investment in European Camping Group.
**Outlook**
The company expects a recovery in the private equity exit market, particularly for its mature investments.
PPET aims to increase direct investments to 30-35% of its portfolio and continue its secondary investment strategy.
The Board remains focused on marketing and shareholder engagement to attract new investors.
**Financial Highlights**
Net assets increased to £1256.7 million from £1192.1 million.
Total dividends paid were £26.3 million, with a dividend yield of 2.8%.
The ongoing charges ratio was 1.08%, slightly up from 1.06% in the previous year.
In summary, PPET demonstrated strong financial performance, strategic progress, and a commitment to delivering value to shareholders through its European mid-market private equity focus. The companys diversified portfolio, experienced management, and strategic initiatives position it well for continued growth and success.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
NAV per share (p)780.1845.5+8.4%
Portfolio Return (in Constant Currency)8.8%8.0%-9.1%
Total Dividend Per Share (Annualised) (p)16.817.6+4.8%
Share Price Discount to NAV31.4%34.4%+9.6%
Net Assets (£m)1,192.11,256.7+5.4%
Ongoing Charges Ratio (OCR)1.06%1.08%+1.9%
Gearing11.8%18.1%+53.4%
Over-commitment Ratio28.5%33.8%+18.6%
Debt Drawn (£m)140.6227.4+61.7%
**Key Observations:** - **NAV per share** increased by 8.4%, indicating growth in the company's net asset value. - **Portfolio Return** decreased slightly from 8.8% to 8.0%, possibly due to market conditions or investment strategy changes. - **Dividend Per Share** increased by 4.8%, reflecting the company's commitment to returning value to shareholders. - **Share Price Discount to NAV** widened from 31.4% to 34.4%, suggesting the market is valuing the company at a greater discount to its net asset value. - **Net Assets** grew by 5.4%, indicating overall growth in the company's assets. - **Gearing** increased significantly from 11.8% to 18.1%, indicating higher leverage and potentially higher risk. - **Over-commitment Ratio** also increased, reflecting higher outstanding commitments relative to liquid resources. - **Debt Drawn** increased by 61.7%, indicating higher utilization of the company's credit facilities. These changes highlight the company's growth in assets and shareholder returns, but also increased leverage and potential risks associated with higher debt levels and over-commitments.
GNC logo
Latest RNS 06:01
GNC

Q1 Trading Update

Greencore Group

**Greencore Group PLC Q1 Trading Update Summary (January 29, 2026)**
Greencore Group PLC, the UKs leading convenience food manufacturer, reported strong performance in its first quarter (Q1) ended December 26, 2025. Key highlights include
1. **Financial Performance**
Revenue grew by 5.4% to £499.8 million, driven by a 3.7% price and inflation recovery impact.
Volume growth outpaced the wider grocery market, with manufactured volumes up 0.5% compared to the market’s 0.2%.
Premium rangesparticularly sandwiches and sushisaw double-digit volume growth.
2. **Operational Excellence**
Launched 129 new products, including festive innovations like mince pie brioche wraps and festive cheeseboard quiches.
Achieved >99% service levels during the busy Christmas period.
Over 700 operational excellence projects are underway to drive efficiency and cost management.
3. **Bakkavor Acquisition**
Completed the acquisition of Bakkavor Group plc on January 16, 2026, creating the UK’s leading convenience food manufacturer.
Integration plans are progressing, with a focus on realizing at least £80 million in annual cost synergies.
The combined business aims to enhance innovation, scale, and efficiency for customers and stakeholders.
4. **Outlook**
The enlarged business is trading in line with expectations, despite ongoing monitoring of the uncertain UK consumer environment.
Structural tailwinds in convenience food categories remain encouraging.
Focus on executing integration plans and delivering benefits from the Bakkavor acquisition.
H1 results will be announced on May 27, 2026, providing the first combined financial update.
CEO Dalton Philips emphasized the strong Q1 performance, the strategic significance of the Bakkavor acquisition, and the Group’s commitment to driving value for customers, shareholders, and stakeholders.
**Forward-Looking Statements**The update includes forward-looking statements subject to risks and uncertainties, with no obligation to update unless required by law.
**About Greencore**Headquartered in Dublin, Greencore supplies major UK and US retailers with approximately 3,200 convenience food products, generating £4 billion in revenue in FY25 and employing 28,000 people.
The provided text does not contain specific financial or debt figures for a year-on-year comparison. However, I can create a general HTML table structure based on the information available, focusing on the key financial and operational metrics mentioned in the trading update. If you have specific financial or debt figures from previous years, please provide them, and I can update the table accordingly. Here’s a basic HTML table structure based on the available information: < lang="en">Greencore Group PLC Financials and Debt Comparison

Greencore Group PLC Financials and Debt Comparison (Q1 FY25 vs Q1 FY26)

MetricQ1 FY25Q1 FY26Change
Revenue£474.2m (implied)£499.8m+5.4%
Volume Growth (Manufactured)N/A+0.5%N/A
Grocery Market Volume GrowthN/A+0.2%N/A
New Products LaunchedN/A129N/A
Service LevelN/A>99%N/A
Expected Annual Cost Synergies (Post Bakkavor Acquisition)N/A£80mN/A
Debt (if available)N/AN/AN/A

Note: The revenue figure for Q1 FY25 is implied based on the 5.4% growth mentioned in the text. Actual figures for Q1 FY25 are not provided.

### Explanation: - **Revenue**: The Q1 FY25 revenue is implied based on the 5.4% growth mentioned in the text. The actual Q1 FY25 revenue is not provided, so it’s marked as "implied." - **Volume Growth**: Only Q1 FY26 figures are available for manufactured volume growth and grocery market volume growth. - **New Products Launched**: Only Q1 FY26 figures are available. - **Service Level**: Only Q1 FY26 figures are available. - **Expected Annual Cost Synergies**: This is related to the Bakkavor acquisition, which occurred in FY26. - **Debt**: No debt figures are provided in the text, so the table reflects "N/A." If you have specific figures for Q1 FY25 or debt details, please provide them, and I can update the table accordingly.
FEVR logo
Latest RNS 06:01
FEVR

Pre-close trading update

Fevertree Drinks Plc

**Summary**
Fever-Tree Drinks plc, the leading global supplier of premium carbonated mixers, released a pre-close trading update for the year ended 31 December 2025, reporting financial performance marginally ahead of market expectations. The company achieved adjusted revenue of £375.3 million and adjusted EBITDA slightly <mark style="background-color:yellow">above</mark> consensus, driven by strong momentum in the second half of 2025. Key highlights include
1. **Revenue Growth**
**US**+6% (constant currency), supported by successful integration into Molson Coors distribution network and increased marketing investment.
**UK**-2%, with improved performance in H2 due to strong Off-Trade sales and growth in premium soft drinks.
**Europe**: +2%led by France and Benelux.
**Rest of World (ROW)**: +22%with notable growth in AustraliaNew Zealandand Canada.
2. **Strategic Progress**
Expansion beyond tonic to premium soft drinks, aligning with consumer trends toward moderation and premiumisation.
Strong innovation pipeline and marketing campaigns to drive future growth.
3. **Share Buyback**
Completed a £100m share buyback in 2025, with an additional £30m tranche starting in February 2026.
4. **Outlook**
Confident in meeting 2026 market expectations, with continued growth opportunities in the US and globally.
CEO Tim Warrillow emphasized the company’s strategic progress, particularly in the US, and its unique position to capitalize on consumer trends. Fever-Tree remains focused on driving strong growth in 2026 and beyond. Preliminary results will be announced on 24 March 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since debt information is not explicitly mentioned in the text, the table focuses on revenue comparisons. < lang="en">Fevertree Drinks PLC Financials Comparison

Fevertree Drinks PLC Financials Comparison (FY24 vs FY25)

RegionFY24 (£m)FY25 (£m)% Change% Change (Constant Currency)
US128.0131.93%6%
UK111.1108.4(2%)(2%)
Europe92.794.72%2%
ROW32.237.717%22%
Total Adjusted Fever-Tree Revenue364.0372.72%4%
GDP Brand Revenue4.52.6(42%)(43%)
Total Adjusted Revenue368.5375.32%3%
### Key Features: 1. **Responsive Design**: The table is styled to be responsive and easy to read. 2. **Highlighting**: Total revenue rows are highlighted for emphasis. 3. **Clear Comparison**: Columns for FY24, FY25, and percentage changes (both reported and constant currency) are included. Since debt information is not provided in the text, it is not included in the table. If debt data becomes available, it can be added as a separate section or column.
CDGP logo
Latest RNS 06:01
CDGP

Unaudited Trading Statement period ended 31/12/25

Chapel Down Group Plc

**Chapel Down Group PLC Unaudited Trading Statement for FY25 (Ended 31 December 2025)**
**Summary**
Chapel Down Group PLC, Englands leading winemaker, reported strong financial and operational performance for FY25, exceeding market expectations. Key highlights include
1. **Financial Performance**
**Net Sales Revenue (NSR)** £19.4m, up 19% YoY, slightly ahead of guidance, driven by 22% growth in wine-related sales.
**Adjusted EBITDA** Expected range of £4.0m - £4.5m, ahead of market expectations (£3.5m), due to improved profitability and higher Fair Value adjustment to Biological Produce from an <mark style="background-color:yellow">above</mark>-average harvest yield.
**Channel Growth** Strong performance across Off-trade (+38%), International (+49%), On-trade (+5%), and Ecommerce (+3%). International growth was boosted by a new US distribution agreement with Jackson Family Wines.
**Net Debt** Increased to £12.4m (FY24: £9.2m) due to investments in new vineyards and maturing stock, supporting future growth.
2. **Operational Highlights**
Dispatched over 1 million bottles of Traditional Method Sparkling (TMS) wines for the first time, aligning with the goal to capture 1% of the global Champagne market by 2035.
Extended market leadership with 36% share of the UK off-trade (FY24: 35%) and 16% Retail Sales Value growth, outpacing the English Sparkling Wine category (+12%).
2025 harvest yielded high-quality grapes, supporting future production and profitability.
3. **Brand and Strategy**
Brand awareness increased to 49% (FY2442%), reinforcing Chapel Down as the leading English wine brand.
Premiumisation strategy advanced, with TMS wines accounting for 74% of wine-related NSR (FY24: 70%).
4. **Outlook**
Strong momentum expected to continue into FY26, with increased marketing investment to drive brand value and market share.
Focus on sustainable growthdisciplined capital managementand strategic expansion.
**CEO Comment**
James Pennefather highlighted exceptional topline growth, brand leadership, and progress toward medium-term profitable growth. He noted a generational shift toward English Sparkling Wine, particularly among Millennials, and emphasized increased marketing investment in FY26 to capitalize on this trend.
**About Chapel Down**
Chapel Down is Englands largest winemaker, with over 1,000 acres of vineyards, producing award-winning sparkling and still wines. Listed on AIM, the company is committed to sustainability and has partnerships with major sporting and cultural events.
**Contacts**
Key contacts include Chapel Downs CEO and CFO, as well as representatives from Singer Capital Markets (Nominated Adviser and Broker) and H/Advisors Maitland (PR).
**Disclaimer**
The announcement contains inside information under UK MAR, and RNS terms and conditions apply.
Below is the HTML table code comparing the financials and debt year on year for Chapel Down Group PLC: < lang="en">Chapel Down Group PLC Financials Comparison

Chapel Down Group PLC Financials and Debt Comparison (FY25 vs FY24)

MetricFY25 (£'000)FY24 (£'000)Change (%)
Net Sales Revenue19,44316,351+19%
Off-trade9,3716,790+38%
On-trade2,5752,460+5%
International1,018684+49%
Ecommerce3,8603,755+3%
Retail, Tours & Events2,2162,241-1%
Other Sales and Income403421-4%
Net Debt12,4009,200+35%
Adjusted EBITDA Range (£'000)4,000 - 4,5003,500 (expected)Ahead of expectations
### Key Highlights: 1. **Net Sales Revenue**: Increased by **19%** to **£19.4m** in FY25 from £16.35m in FY24. 2. **Net Debt**: Rose by **35%** to **£12.4m** in FY25 from £9.2m in FY24, primarily due to cultivation costs and increased maturing stock levels. 3. **Adjusted EBITDA**: Expected to be in the range of **£4.0m - £4.5m**, ahead of the previous expectation of £3.5m. This table provides a clear comparison of key financial metrics and debt levels between FY25 and FY24 for Chapel Down Group PLC.
SAAS logo
Latest RNS 06:01
SAAS

Full Year 2025 Trading Update & Notice of Results

Microlise Group PLC

**Microlise Group PLC Full Year 2025 Trading Update & Notice of Results Summary:**
Microlise Group PLC, a leading provider of transport management software, released its unaudited trading update for FY2025, highlighting steady growth and strategic advancements.
**Financial Highlights**
* **Revenue** Total revenue is expected to be £84.0 million, in line with revised market expectations and representing a 3.7% increase from FY2024.
* **Recurring Revenue** Grew by 7.5% to £58.8 million, driven by a strong 16% year-on-year increase from direct customers.
* **Non-recurring Revenue** Declined by 4.3% to £25.2 million due to lower hardware volumes from Global OEM customers and delayed implementation revenues.
* **Adjusted EBITDA** Expected to be £8.3 million, in line with market expectations, with a margin of approximately 10%.
* **Net Cash** Increased to £16.7 million, exceeding expectations, due to strong cash collection and a large contract renewal.
**Operational Highlights**
* **Cost Savings** Successfully implemented £5 million in annualized cost savings through efficiency measures announced in November 2025.
* **Customer Growth** Added 417 new customers across key markets, with churn remaining low at 1.4%.
* **Product Adoption** Strong uptake of the Microlise Transport Management Solutions (TMS) module by new and existing customers.
* **Technology Integration** Enhanced Microlise One platform with API integrations for third-party data, including vehicle refrigeration OEMs.
* **Leadership Change** Appointed Dean Garvey-North as Chief Technology Officer, succeeding Duncan McCreadie.
**Future Outlook**
* **Microlise Transport Conference** Scheduled for May 12, 2026, in Manchester, focusing on industry challenges and Microlises technology solutions.
* **FY2026** Expects revenues from Global OEM customers to be below FY2025 levels but remains confident in profitability, cash generation, and ARR growth.
**CEO Comment**
Nadeem Raza, CEO, expressed satisfaction with the direct business momentum and highlighted investments in go-to-market teams and data center migration. He emphasized Microlises strong position for future growth with a streamlined cost base, scalable platform, and expanding market opportunities.
**Notice of Results** Final results for FY2025 will be announced in mid-April 2026.
Below is the HTML table code comparing the financials and debt (net cash) year-on-year for Microlise Group PLC based on the provided text:
MetricFY 2024FY 2025Change
Total Group Revenue£81.0m£84.0m+3.7%
Annual Recurring Revenue (ARR)£56.6m£59.1m+4.6%
Recurring RevenueN/A£58.8m+7.5% (underlying growth from direct customers: +16%)
Non-Recurring Revenue£26.3m£25.2m-4.3%
Adjusted EBITDA£11.3m (margin: 14%)£8.3m (margin: ~10%)-26.5%
Net Cash£11.4m£16.7m+46.5%
New Customers Added375417+11.2%
Churn Rate0.7%1.4%+100% (doubled)
### Notes: 1. **Net Cash**: The text refers to "net cash" rather than debt, so the comparison is made on that basis. 2. **Recurring Revenue**: The underlying growth from direct customers is highlighted separately as it is a key metric mentioned in the text. 3. **Adjusted EBITDA**: The FY 2024 margin is calculated based on the provided revenue and adjusted EBITDA figures. 4. **Churn Rate**: The increase in churn rate is noted as a percentage change from the previous year. This table provides a clear year-on-year comparison of key financial and operational metrics for Microlise Group PLC.
TGR logo
Latest RNS 06:01
TGR

Approval of CLN Amendments

Tirupati Graphite plc

**Summary**
Tirupati Graphite plc (TGR.L), a specialist flake graphite company, announced on January 29, 2026, that proposed amendments to its existing Convertible Loan Notes (CLNs) have been approved by the required majorities of noteholders. These amendments, initially disclosed on December 10, 2025, modify terms such as final maturity dates and conversion prices for the 2019, 2022, and 2025 (Series 1 and Series 2) CLN issues. The approval satisfies a key condition for the closing of the Placing of new ordinary shares, also announced on December 10, 2025. Tirupati Graphite is a critical mineral supplier for the global energy transition. Contact details for enquiries are provided, and the information is disseminated via RNS, the London Stock Exchanges news service.
Approvals
EMR logo
Latest RNS 06:01
EMR

Trading Update and Notice of Results

Empresaria Group plc

**Summary**
Empresaria Group PLC, an international specialist staffing group, released a trading update for the financial year ended 31 December 2025, ahead of its full-year results announcement on 24 April 2026. Despite challenging market conditions, the company expects its adjusted profit before tax (PBT) to be slightly ahead of market expectations. Key highlights include
1. **Financial Performance**
Net fee income remained unchanged on a constant currency like-for-like (CC LFL) basis, though reported figures decreased by 6% to £47.3 million.
Strong growth in Offshore Services (16% CC LFL) and the US (23% CC LFL), offset by declines in other regions.
Temporary and contract net fee income fell by 4% CC LFL, while permanent placements saw a 9% reduction.
2. **Regional Breakdown**
UK net fee income declined by 11% to £3.9 million.
US net fee income grew by 17% (23% CC LFL) to £2.7 million.
Offshore Services increased by 9% (16% CC LFL) to £13.8 million.
Non-Core operations (previously earmarked for disposal) saw an 8% CC LFL decline.
3. **Financing**
Net debt (excluding lease liabilities) rose to £17.1 million, in line with expectations.
Headroom of £5.4 million was maintained at year-end.
No final dividend will be recommended due to the challenging trading environment and increased debt.
4. **Management Commentary**
Chair Joost Kreulen acknowledged persistent market challenges but expressed satisfaction with the adjusted PBT performance. He highlighted progress in stabilizing financial control and operations, emphasizing the Group’s commitment to positioning itself for future market recovery.
The update underscores Empresaria’s resilience in a difficult trading environment, with strategic focus on operational stability and readiness for market improvement.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">Empresaria Group PLC Financials and Debt Comparison

Empresaria Group PLC Financials and Debt Comparison (2024 vs 2025)

Metric2024 (£m)2025 (£m)% Change% Change (CC LFL)
Net Fee Income50.447.3-6%0%
UK4.43.9-11%-11%
US2.32.717%23%
Offshore Services12.713.89%16%
Non-Core32.227.9-13%-8%
Central and Intragroup-1.2-1.0N/AN/A
Net Debt (excl. lease liabilities)15.317.112%N/A
Headroom (excl. invoice financing)N/A5.4N/AN/A
Final Dividend£nil£nilN/AN/A
### Key Notes: 1. **Net Fee Income**: Reported figure decreased by 6%, but remained unchanged on a Constant Currency Like-for-Like (CC LFL) basis. 2. **Regional Performance**: - **UK**: Down 11% (CC LFL). - **US**: Up 23% (CC LFL). - **Offshore Services**: Up 16% (CC LFL). - **Non-Core**: Down 8% (CC LFL). 3. **Net Debt**: Increased by 12% from £15.3m in 2024 to £17.1m in 2025. 4. **Headroom**: £5.4m at the end of 2025 (excluding invoice financing facilities). 5. **Dividend**: No final dividend recommended for both years. This table provides a clear comparison of key financials and debt metrics between 2024 and 2025.
HVO logo
Latest RNS 06:01
HVO

Trading Update

hVIVO plc

**Summary**
hVIVO plc, a full-service early-phase Contract Research Organisation (CRO) and leader in human challenge clinical trials, released a trading update for FY25 (year ended 31 December 2025). Key highlights include
1. **Financial Performance**
Revenue of approximately £46.7 million, in line with expectations (FY24: £62.7 million).
Positive low single-digit adjusted EBITDA margin, exceeding guidance (FY24: 26.2%).
Cash position of £14.3 million, debt-free, and ahead of expectations (FY24: £44.2 million).
2. **Strategic Acquisitions**
Completed and integrated acquisitions of CRS Mannheim & Kiel and Cryostore, creating an end-to-end early clinical development platform from preclinical to Phase III.
Four integrated service lines now fully operational: Consulting, Clinical Trials, Human Challenge Trials (HCTs), and Laboratories.
3. **Market Position and Pipeline**
FY25 faced macroeconomic and sector-specific challenges, including programme deferrals and cancellations in HCTs.
Strong momentum in FY26 pipeline across all service lines, with increasing opportunities in infectious diseases and diversified therapeutic areas (e.g., cardiometabolic, respiratory, immunology).
Aggregate value of customer proposals in FY25 exceeded FY24, indicating positive medium-term revenue growth.
4. **Outlook**
Reiterated guidance for high single-digit revenue growth in 2026.
Focus on four key growth initiativesexpanding therapeutic specialisms, enhancing laboratory services, and improving patient recruitment.
Confidence in full-service platform to drive near and long-term growth.
5. **Investor Engagement**
CEO Yamin Mo Khan and CFO Stephen Pinkerton hosted an investor meeting via Investor Meet Company to discuss the update.
hVIVO is well-positioned for growth in 2026, leveraging its diversified service offerings and strengthened infrastructure.
Below is the HTML table code comparing the financials and debt year-on-year for hVIVO PLC based on the provided text:
MetricFY2024FY2025
Revenue (£ million)62.746.7
Adjusted EBITDA Margin26.2%Positive low single-digit
Cash Position (£ million)44.214.3
DebtNoneNone
### Explanation: - **Revenue**: FY2024 revenue was £62.7 million, while FY2025 is expected to be £46.7 million. - **Adjusted EBITDA Margin**: FY2024 was 26.2%, and FY2025 is expected to be a positive low single-digit percentage. - **Cash Position**: Cash decreased from £44.2 million in FY2024 to £14.3 million in FY2025, primarily due to strategic acquisitions. - **Debt**: The company remains debt-free in both years. This table provides a clear year-on-year comparison of key financial metrics for hVIVO PLC.
SAGA logo
Latest RNS 06:01
SAGA

Trading Update

Saga plc

**Summary**
Saga plc, a UK specialist in products and services for people over 50, released a trading update on January 29, 2026, highlighting strong performance and strategic progress. Key points include
1. **Financial Performance**
Underlying Profit Before Tax is expected to exceed prior year figures and surpass half-year guidance.
Ocean and River Cruise segments showed strong growth, with improved load factors and per diem rates.
Holidays division reported robust growth in booked revenue (13%) and passenger numbers (11%).
Insurance Broking outperformed expectations, with growth in policy sales and higher profits.
Net Debt is projected to be lower than previous guidance, supported by strong cash flow and proceeds from the sale of the Insurance Underwriting business.
2. **Strategic Initiatives**
Simplified Travel business under a single management team for efficiency and customer focus.
Launched new partnerships with Ageas (Insurance Broking) and NatWest Boxed (Saga Money).
Introduced an improved instant access savings account and plans to launch more financial products in 2026.
3. **Outlook for 2026/27**
Continued momentum in Cruise and Holidays, with strong booking trends.
Insurance Broking profits expected to align with previous guidance as the Ageas partnership matures.
Further reduction in Net Debt and leverage anticipated, with peak leverage already passed.
4. **Long-Term Goals**
Confident in achieving underlying profitability of at least £100m and leverage below 2.0x by January 2030.
Saga’s preliminary results for the year ending January 31, 2026, are scheduled for April 15, 2026. The company remains focused on delivering high-quality products and services while advancing its strategic objectives.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text: < lang="en">Saga PLC Financials and Debt Comparison

Saga PLC Financials and Debt Comparison (2024/25 vs 2025/26)

Metric2024/252025/26Change
Underlying Profit Before TaxNot specifiedAhead of prior yearImprovement
Ocean Cruise Load Factor91%93%+2 ppt
Ocean Cruise Per Diem£358£394+10%
River Cruise Load Factor89%89%0 ppt
River Cruise Per Diem£326£349+7%
Holidays Booked Revenue GrowthNot specified~13%N/A
Holidays Passenger GrowthNot specified11%N/A
Insurance Broking Underlying Profit Before TaxNot specifiedMarginally higher than prior yearImprovement
Trading EBITDANot specifiedAhead of 2024/25Improvement
Net DebtNot specifiedSignificantly lower than prior yearImprovement
Leverage (excluding £60m Ageas receipt)Not specifiedBelow 4.0xImprovement

Outlook for 2026/27

Metric2025/26 (at same point)2026/27 (at same point)Change
Ocean Cruise Booked Load Factor67%70%+3 ppt
Ocean Cruise Booked Per Diem£394£445+13%
River Cruise Booked Load Factor55%59%+4 ppt
River Cruise Booked Per Diem£349£367+3%
Holidays Booked Revenue£126m£132m+5%
Holidays Booked Passengers38k39k+1%
Net Debt and LeveragePeak leverage point passedFurther reductions expectedImprovement
### Key Notes: 1. **2025/26 Comparison**: The table highlights improvements in key metrics such as load factors, per diem rates, and profitability compared to the prior year. 2. **2026/27 Outlook**: The second table shows projected improvements in bookings and financial metrics for the upcoming year. 3. **Styling**: Basic CSS is included for table formatting and readability. 4. **Assumptions**: Some values for 2024/25 were not explicitly provided in the text, so they are marked as "Not specified" or calculated based on the given percentage changes.
ALFA logo
Latest RNS 06:01
ALFA

Q4 25 Trading update

Alfa Financial Software Holdings PLC

**Summary**
Alfa Financial Software Holdings PLC released a Q4 2025 trading update on January 29, 2026, highlighting strong financial and operational performance. Key points include
1. **Financial Performance**
FY 2025 revenue reached £126.5 million, exceeding market expectations by £2 million and growing 15% year-on-year (17% on a constant currency basis).
Operating profit grew 17% to £40.0 million, £3 million ahead of expectations.
Q4 2025 revenue increased 11% to £32.5 million, driven by strong subscription (up 15%) and delivery revenues (up 16%).
2. **Pipeline and TCV**
Late-stage pipeline expanded to ten prospects (up from eight in Q3), with eight achieving preferred supplier status.
Total Contract Value (TCV) rose 3% to £227 million, with subscription TCV up 18% year-on-year.
3. **Operational Highlights**
Completed nine deliveries in Q4, including a successful Alfa Systems 6 go-live for an Australian customer expanding into New Zealand.
Twenty customers are now live on Alfa Systems 6, with upgrades progressing effectively.
4. **Market Expansion**
Progress in developing Originations, Fleet, and Commercial Finance capabilities, expanding both Serviceable and Total Addressable Markets.
Active discussions with customers for new modules, driving future investment and growth.
5. **Outlook**
CEO Andrew Denton expressed confidence in continued growth in 2026, supported by a robust pipeline and TCV, despite currency headwinds.
Focus on further product investment to drive long-term revenue growth.
Alfa remains well-positioned in the asset finance industry, with strong customer satisfaction and global presence. Full audited results for FY 2025 will be announced on March 12, 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly mention debt, the table focuses on revenue, operating profit, and TCV (Total Contract Value) for FY2025 compared to FY2024.
MetricFY 2025FY 2024Change
Revenue£126.5m£110.0m+15% (17% at constant currency)
Operating Profit£40.0m£34.2m+17%
Total Contract Value (TCV)£227m£220m+3%
### Notes: 1. **Revenue**: FY2025 revenue is £126.5m, up 15% (17% at constant currency) from FY2024. 2. **Operating Profit**: FY2025 operating profit is £40.0m, a 17% increase from FY2024. 3. **TCV**: FY2025 TCV is £227m, a 3% increase from FY2024. 4. **Debt**: The provided text does not include information on debt, so it is not included in the table. This table provides a clear year-on-year comparison of key financial metrics for Alfa Financial Software Holdings PLC.
ITM logo
Latest RNS 06:01
ITM

Half-year Financial Report

ITM Power

**Summary of ITM Power PLC Half-Year Financial Report (January 29, 2026):**
**Financial Performance**
**Revenue Growth** ITM Power reported a 16% year-on-year revenue increase to £18.0 million for H1 2026, up from £15.5 million in H1 2025.
**EBITDA Improvement** Adjusted EBITDA loss narrowed to £11.9 million from £16.8 million in the same period last year, reflecting better cost management.
**Cash Position** Cash reserves stood at £197.8 million as of October 31, 2025, down slightly from £203.1 million a year earlier, but still robust.
**Operational Highlights**
**Contract Backlog** The contract backlog grew to £152 million, with 71% of contracts now profitable, up from 60% in April 2025.
**Key Projects** Secured significant contracts, including NEPTUNE V with Westnetz GmbH, a 120 MW HAR2 project with Uniper, and a 300+ MW confidential project in Asia-Pacific.
**Hydropulse Launch** Introduced Hydropulse, a new business focused on building, owning, and operating decentralized green hydrogen production plants, targeting industrial customers.
**Product and Technology Development**
**ALPHA 50** Launched a highly competitive 50 MW full-scope green hydrogen plant, priced at €50 million, generating strong customer interest.
**CHRONOS Platform** Continued development of the next-generation stack platform, expected to be a game-changer for the electrolyser industry.
**Market and Strategic Progress**
**Government Support** Positioned to benefit from government-backed funding programs like HAR3 in the UK and various schemes in Germany.
**Industry Growth** The global clean hydrogen sector saw investments rise from $10 billion to $110 billion between 2020 and 2025, driven by policy support and industrial demand.
**Board Changes**
Strengthened the board with appointments of Sir Warren East and John Howarth as Non-Executive Directors, and Jürgen Nowicki as Non-Executive Chair.
**Financial Guidance for FY26**
Revenue is expected to range between £35 million and £40 million.
Adjusted EBITDA loss is projected between £27 million and £29 million.
Year-end cash is forecasted at £170 million to £175 million.
**Conclusion**
ITM Power demonstrated strong progress in H1 2026, with revenue growth, improved EBITDA, and strategic advancements in product development and market positioning. Despite macroeconomic challenges, the company remains well-placed to capitalize on the growing green hydrogen market, supported by robust cash reserves and a strong pipeline of profitable contracts.
Here’s an HTML table comparing the financials and debt year on year for ITM Power PLC based on the provided text:
MetricH1 2025 (£'000)H1 2024 (£'000)Change (£'000)Change (%)
Revenue18,02615,5342,49216.0%
Adjusted EBITDA Loss(11,900)(16,800)4,90029.2%
Cash on Hand197,848203,134(5,286)(2.6%)
Contract Backlog (£'m)15243.7108.3248.0%
Gross Loss(6,474)(10,188)3,71436.4%
Loss Before Tax(14,085)(28,792)14,70751.1%
Capital Expenditure6,9005,4001,50027.8%
Inventories51,12173,000(21,879)(30.0%)
Trade and Other Payables95,30567,33027,97541.5%
Total Provisions19,58134,640(15,059)(43.5%)
### Explanation: 1. **Revenue**: Increased by £2.492 million (16.0%) from H1 2024 to H1 2025. 2. **Adjusted EBITDA Loss**: Reduced by £4.9 million (29.2%) from H1 2024 to H1 2025. 3. **Cash on Hand**: Decreased by £5.286 million (2.6%) from H1 2024 to H1 2025. 4. **Contract Backlog**: Increased significantly by £108.3 million (248.0%) from H1 2024 to H1 2025. 5. **Gross Loss**: Reduced by £3.714 million (36.4%) from H1 2024 to H1 2025. 6. **Loss Before Tax**: Reduced by £14.707 million (51.1%) from H1 2024 to H1 2025. 7. **Capital Expenditure**: Increased by £1.5 million (27.8%) from H1 2024 to H1 2025. 8. **Inventories**: Decreased by £21.879 million (30.0%) from H1 2024 to H1 2025. 9. **Trade and Other Payables**: Increased by £27.975 million (41.5%) from H1 2024 to H1 2025. 10. **Total Provisions**: Decreased by £15.059 million (43.5%) from H1 2024 to H1 2025. This table provides a clear comparison of key financial metrics between H1 2024 and H1 2025.
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Latest RNS 06:01
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Holding(s) in Company

Gore Street Energy Storage Fund Plc

<mark style="background-coloryellow">TR1</mark> Buy
['Bank of Montreal', 'Below 5', '5.427303']
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Latest RNS 06:01
GSF

Holding(s) in Company

Gore Street Energy Storage Fund Plc

TR1 Buy
['Bank of Montreal', '5.427303', '3.873154']
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GSF

Holding(s) in Company

Gore Street Energy Storage Fund Plc

TR1 Buy
['Jefferies Financial Group Inc', '2.144000', '0.135000']
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Latest RNS 05:16
0HAF

Proposals by the Board of Directors to Nokia Corporation’s Annual General Meeting 2026

Nokia Oyj

**Summary of Nokia Corporation’s Annual General Meeting (AGM) 2026 Proposals**
Nokia Corporation has released proposals by its Board of Directors for the 2026 Annual General Meeting (AGM), scheduled for April 9, 2026, in Helsinki, Finland. Key highlights include
1. **Board Leadership Changes**
Sari Baldauf will step down as Board Chair.
Timo Ihamuotila is proposed as the new Board Chair, with Thomas Saueressig as Vice Chair.
Meredith Whittaker, President of Signal Technology Foundation, is proposed as a new Board member.
2. **Board Composition and Remuneration**
The Board proposes maintaining 10 members, with re-election of nine current members and the addition of Whittaker.
Annual fees for Board members remain unchanged, with approximately 40% paid in Nokia shares.
Meeting fees and travel reimbursements are also unchanged.
3. **Dividend Distribution**
The Board seeks authorization to distribute up to EUR 0.14 per share in four installments throughout 2026-2027, in line with Nokia’s dividend policy.
4. **Auditor and Sustainability Reporting Assurer**
Deloitte Oy is proposed for re-election as both auditor and sustainability reporting assurer for the financial year 2027.
5. **Share Issuance and Repurchase Authorization**
The Board seeks approval to issue up to 550 million shares and repurchase the same number of shares, aimed at capital structure optimization, acquisitions, and equity-based incentives.
6. **Other AGM Matters**
Adoption of financial statements for 2025, discharge of Board and CEO liability, and approval of the 2025 Remuneration Report.
Complete proposals and candidate resumes are available at [www.nokia.ly/agm2026](http://www.nokia.ly/agm2026). The notice for the AGM, including participation and voting details, will be published in week 6 of 2026.
Proposals
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Latest RNS 05:01
0HAF

Nokia Corporation Financial Report for Q4 2025 and full year 2025

Nokia Oyj

**Summary of Nokia Corporation Financial Report for Q4 2025 and Full Year 2025**
Nokia Corporation released its financial report for Q4 2025 and the full year 2025 on January 29, 2026, highlighting steady performance and strategic progress amid industry challenges.
**Key Financial Highlights**
**Q4 2025 Performance**
Comparable net sales grew 3% year-over-year (YoY) on a constant currency and portfolio basis (+2% reported), driven by growth in Network Infrastructure and Mobile Networks.
Comparable gross margin expanded by 90 basis points (bps) to 48.1%, offset by lower contributions from Nokia Technologies. Reported gross margin declined by 120 bps to 44.9% due to restructuring charges.
Comparable operating margin decreased by 90 bps to 17.3%, while reported operating margin fell by 560 bps to 8.8% due to higher restructuring costs.
Comparable diluted EPS was EUR 0.16
reported diluted EPS was EUR 0.10.
Free cash flow was EUR 0.2 billion, with a net cash balance of EUR 3.4 billion.
**Full Year 2025 Performance**
Net sales grew 2% YoY on a constant currency and portfolio basis (+3% reported).
Comparable operating profit was EUR 2.0 billion, and free cash flow was EUR 1.5 billion (72% FCF conversion).
Comparable diluted EPS was EUR 0.29
reported diluted EPS was EUR 0.12.
Results were within Nokias prior guidance.
**Strategic Initiatives and Outlook**
Nokia strengthened its portfolio with the acquisition of Infinera and sharpened its focus on AI-driven network opportunities.
The company simplified its operating model into Network Infrastructure and Mobile Infrastructure segments from 2026.
Nokia introduced a 2026 financial guidance, targeting EUR 2.0 to 2.5 billion in comparable operating profit.
Long-term targets for 2028 include comparable operating profit of EUR 2.7 to 3.2 billion, with a focus on Network Infrastructure growth (6-8% CAGR) and Mobile Infrastructure profitability.
**Segment Performance**
**Network Infrastructure** 7% net sales growth in Q4, led by 17% growth in Optical Networks. Strong order intake driven by AI & Cloud demand.
**Mobile Networks** 6% net sales growth in Q4, with flat full-year performance. Focus on profitability and 5G technologies.
**Cloud and Network Services** Declined 4% in Q4 but grew 6% for the full year, with 5 points of operating margin expansion.
**Nokia Technologies** Maintained a contracted net sales run-rate of EUR 1.4 billion.
**Dividend and Shareholder Returns**
The Board proposed a dividend authorization of EUR 0.14 per share for 2025, with a EUR 0.03 per share dividend announced for Q4 2025.
**Future Focus**
Nokia aims to capture growth in AI & Cloud, increase efficiency, and build a high-performance culture.
Investments in AI-native networks, 6G, and partnerships (e.g., NVIDIA) position Nokia for long-term leadership.
**Risks and Challenges**
Competitive intensity, supply chain disruptions, inflation, and geopolitical uncertainties remain key risks.
Nokia is also focused on executing cost savings programs and integrating acquisitions effectively.
**Conclusion**
Nokias Q4 and full-year 2025 results reflect disciplined execution and strategic alignment with AI and cloud trends. The company is optimistic about its 2026 outlook and long-term growth potential, despite ongoing industry challenges. Detailed segment-level discussions are available in the complete financial report on Nokias website.
Below is the HTML table code comparing the financial and debt-related metrics year-on-year (Q4'25 vs Q4'24 and Full Year 2025 vs Full Year 2024) based on the provided text:
MetricQ4'25 vs Q4'24Full Year 2025 vs Full Year 2024
Q4'25Q4'24YoY ChangeFull Year 2025Full Year 2024YoY Change
Net Sales (EUR million)6,1255,9832%19,88919,2203%
Gross Margin (%)44.9%46.1%(120)bps43.5%46.1%(260)bps
Operating Profit (EUR million)540861(37%)8851,970(55%)
Operating Margin (%)8.8%14.4%(560)bps4.4%10.2%(580)bps
Profit for the Period (EUR million)544813(33%)6601,284(49%)
EPS (Diluted, EUR)0.100.15(33%)0.120.23(48%)
Net Cash Balance (EUR million)3,3784,854(30%)3,3784,854(30%)
Free Cash Flow (EUR million)200Not ProvidedNot Provided1,500Not ProvidedNot Provided
Debt (Not Explicitly Provided)No specific debt figures provided in the text.
### Notes: 1. **Debt Information**: The provided text does not explicitly mention debt figures, so the debt row indicates that no specific data is available. 2. **Comparable Results**: The table focuses on reported results as per the provided data. Comparable results are not included here but can be added if needed. 3. **Formatting**: The table is structured to clearly compare Q4 and full-year metrics year-on-year, with bold headers for better readability.
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Market AI · 2026-01-29

LONDON MARKET CLOSE: Stocks mixed amid tech earnings, Fed fallout

Stock Market Performance: London stocks mostly higher after US Fed's decision to hold interest rates. FTSE 100 up 0.2% at 10,171.76; FTSE 250 down 0.5% at 23,268.44; AIM all-share down 0.9% at 824.92…

Market AI · 2026-01-29

LONDON MARKET MIDDAY: FTSE 100 rises as gold rally lifts miners

London Stock Market: FTSE 100 up 0.6% at 10,217.40, supported by miners and oil majors. FTSE 250 down 0.1% at 23,378.40; AIM all-share up 0.6% at 836.75. Cboe UK 100 up 0.4%; Cboe UK 250 down 0…

Market AI · 2026-01-29

LONDON BROKER RATINGS: Deutsche Bank, Jefferies reinitiate Unite Group

Here is the provided text formatted as bullet points in HTML: html 29th Jan 2026 09:54 The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: FTSE 100 Goldman Sa…

Market AI · 2026-01-29

LONDON MARKET OPEN: Shares rise as rise in gold lifts miners; 3i jumps

London Stock Market: FTSE 100 opened up 0.6% at 10,217.33. FTSE 250 up 0.3% at 23,456.84. AIM all-share up 0.6% at 836.64. Cboe UK indices also showed gains across the board. Go…

Market AI · 2026-01-29

LONDON MARKET EARLY CALL: FTSE 100 seen up after Fed hold rates

London Stocks: Set to open higher on Thursday, with FTSE 100 futures indicating a 24.6-point (0.2%) rise to 10,179.03, following the US Federal Reserve's decision and a surge in gold prices. Federal Reserve Decisio…

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