RC Fornax PLC

RCFX · AIM · Industrial Goods and Services · mcap £4.5m · 4.7p 2 open situations →

EV: £2.7m
EV / EBIT: –
Net cash: £1.8m
FCF yield: -41.5%
Revenue: £3.8m
Cash returned: 3.6%
Share price 1y: −54%
Insiders 12m: no deals
Next report: around 23 Feb

Beta Briefing, track record and signals & risks are not ready for RC Fornax PLC yet.

We follow 960 UK small caps and every one of their announcements – often hundreds per company. 101 companies are already wired into a briefing: browse them.

Timeline · every situation

dots = announcements

2026 Post-SDR contract and framework pipeline Profit warning Profit warning Placing of 40% of the market value 2 directors buying Profit warning Octopus Investments Limited selling down Placing of 24% of the market value

Open · 2

Transformational contract / build-out

Post-SDR contract and framework pipeline

Second PSR contract won; £4.0m award still pending

Since Nov 2025 RC Fornax has rebuilt its order book after the FY25 slump; the Thales framework was won on 9 Jul 2026. On 18 Sep 2026 it announced selection for a £4.0m initial PSR contract with a new UK Government client, giving about £8.4m of FY27 visibility. FY26 revenue is about £5.2m, marginally below expectations.

Value: No contract value or guaranteed work stated 9 Jul 2026 ↗
Other framework: Top-seven MoD prime framework in final commercial approvals (27 May 2026) 9 Jul 2026 ↗
Award: £4.0m initial value, PSR framework, new UK Government client; selection confirmed 18 Sep 2026 18 Sep 2026 ↗
Conditions: Client's standard procurement process and formal purchase order 18 Sep 2026 ↗
FY27 visibility: About £8.4m: £4.0m Award, about £2.4m from FY26 orders, about £2.0m anticipated renewals 18 Sep 2026 ↗
FY26 revenue: About £5.2m expected (FY25: £4.1m); marginally below market expectations 18 Sep 2026 ↗

Next: purchase order for the £4.0m PSR selection

24 Sep 2026 Second PSR contract won; £4.0m award still pending
18 Sep 2026 Selected; purchase order awaited
18 Sep 2026 £4.0m PSR selection; purchase order awaited
9 Jul 2026 Thales framework won; orders not yet stated

Open the full view – chart and every step →

Upgrade / downgrade cycle

Profit warning

profit warning · third in 12 months

RC Fornax PLC issued a profit warning on 18 Sep 2026; the shares moved +0% on the day. It is the third such statement in 12 months.

18 Sep 2026 profit warning · +0% on the day
18 Sep 2026 below expectations · +0% on the day

Open the full view – chart and every step →

Closed · 6

Upgrade / downgrade cycleProfit warning profit warning · second in 12 months · 24 Feb 2026 – 25 May 2026 −43% Dilutive fundraisePlacing of 40% of the market value completed · 14 Nov 2025 – 17 Dec 2025 −20% Insider conviction2 directors buying £36k in 2 buys · 18 Jun 2025 – 18 Sep 2025 −75% Upgrade / downgrade cycleProfit warning profit warning · 17 Jun 2025 – 15 Sep 2025 −86% OverhangOctopus Investments Limited selling down holder sold out · 11 Aug 2025 – 15 Aug 2025 −14% Dilutive fundraisePlacing of 24% of the market value completed · 17 Apr 2025 – 17 May 2025 −70%

Company filings. Not investment advice.