UK small-cap RNS · 12 Dec 2025

Neo Energy Metals plc / LSE: NEO, A2X: NEO / Market: Main Market of the London Stock Exchange

Interim loss of $32.1m on $18.8m vessel impairment and $22.6m depreciation, but adjusted EBITDA of $18.2m, bank debt fully repaid and vessels outperforming indices.

After selling most of the fleet in 2025, the company returns about $143.4m via pro rata partial compulsory redemption in Q1 2026. Cash goes to shareholders while a cash buffer is retained for operations.

Full-year divisional growth is trimmed (Public Service now slightly below mid single digit, Contact Centre down a high teen %), but margin, free cash flow, debt and medium-term targets are unchanged and £250m savings are delivered.

The Board seeks authority to issue up to 610m shares (about 10% of share capital) without pre-emption rights, which would dilute holders. No raise is agreed yet; price, amount and investors are all unset.

A maiden JORC Ore Reserve of 130.2 Mt gives the MCB project a reportable reserve base for the updated Feasibility Study mine plan and supports the financing talks. Celsius holds only a 40% working interest.

Exceptional First Deep Hole at Newly Identified Iyan Deposit Confirms Major Mineralised Zone at Orom-Cross

Board expects full-year FY2026 in line with market expectations (revenue £55.5m, EBITDA £10.9m consensus), backed by H1 contract wins. Guidance is confirmed, not raised.

Pristine Capital Plc / EPIC: PRIS / Market: LSE

Capita hands the last two legacy Life & Pensions contracts back to Royal London, ending a long-running drag, but pays about £22.47m upfront (cash or c.4.96% new shares), £30m later, and expects £100m free cash outflow over five years.