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UK small-cap RNS · 24 Nov 2025

Every announcement of UK small & mid caps under £2bn. The ones that started or moved a situation are marked – a click opens it.

Key = all announcements except routine filings (voting rights, buybacks, holdings, director forms), plus the ones that are part of a situation. Not investment advice.

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  1. 10:00
    Trading Statement Trading update
    Kwacha basic EPS is guided 26% higher, helped by an improved deferred tax position. That partly eases the 5 November miss at PAT level, though operating performance is unchanged.
    in lineoutlook mixed +0.0% on the day
    Moved: Power supply deficit and costs: Ongoing; raising production costs and squeezing margins → Ongoing; backup power still lifting costs
  2. 07:30
    Trading Update Trading update
    Anemoi International Ltd (AMOI) Anemoi International Ltd: Trading Update 24-Nov-2025 / 07:30 GMT/BST Anemoi International Ltd Anemoi International Ltd (Reuters: AMOI.L, Bloomberg: AMOI:LN) ("Anemoi" or the "Company") Trading Update Further to the Company’s …
    first since Oct 2023 +0.0% on the day
  3. 07:00
    Engsolve Trading update Trading update
    Powerhouse (AIM:PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy together with a revenue generating engineering consulting division (Engsolve), is pleased to announce a trading update for its wholly …
    +0.0% on the day
  4. 07:00
    Trading Update Trading update
    Reconfirms 2025 adjusted operating profit of £33.7m, so it is not a new warning. But it needs c.£12m in Nov-Dec, and 2026 is guided flat, after 2024-25 guidance cuts.
    outlook mixed −2.4% on the day
    Moved: 2025 adjusted operating profit of £32m-£40m (consensus £33.7m).: pending → on_track – Board reconfirms 2025 adjusted operating profit of £33.7m, within the £32m-£40m range, but it needs a big Nov-Dec step up. · Close Plano, Texas site by end of 2025.: pending → on_track – Plano closure is referred to as announced, with last time buys boosting 2025 profit by about £2m.
  5. 07:00
    Trading Update Trading update
    Following the release of our third quarter trading update in early November, we have received and reviewed both the Company's financial results for October and the third quarter revised forecast for 2025, which show a decrease in net revenue versus the …
    below expectations −6.2% on the day
  6. 07:00
    FY25 Trading Update Trading update
    FY25 revenue and adjusted EBITDA are now guided below consensus (£91.3m and £12.7m) because OEM orders are lower and UK projects are delayed. FY26 EBITDA is also expected below consensus (£14.9m).
    £10.6m · 14% of mcapbelow expectationsoutlook mixed, loweredfirst since Oct 2023 −27.2% on the day
    Moved: new: Margin initiatives cost reduction programme – Announced; materially complete before year end · new: OEM customer order weakness – OEM revenue falling; FY26 seen below FY25 · new: Delayed UK customer projects – Delayed; revenue shifts into FY26
  7. 07:00
    Trading Update Trading update
    The US Government shutdown hit Q4 Issues revenue, a high-margin specialism, and the lost revenue won't be recovered in FY25. Growth and profit expectations fall below those set at the interims, with operating profit now £26m-£28m.
    Disposal of a part (break-up) £5.0m · 4% of mcapbelow expectationsoutlook mixed, lowered −5.2% on the day
    Moved: new: Australia restructuring and options review – Restructured; management exploring options · new: Share buyback programme – Board committed up to £5m over 12 months · new: FY25 guidance and FY26 recovery – FY25 guidance cut on US shutdown
  8. 07:00
    Kropz KRPZ £7.0m
    Trading Update Trading update
    Q3 output and sales both rose on the previous quarter, and September was a record month. The mine is still in trial production, so this is progress rather than steady-state operation.
    Project milestones first in 6 months +7.8% on the day
    Moved: new: Elandsfontein trial production ramp-up – Trial production; Q3 output up 17%

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