UK small-cap RNS · 18 Dec 2025

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

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07:00

Ukrproduct Group Ltd UKR £3.1m
Trading Update Trading update
("Ukrproduct", the "Company" or, together with its subsidiaries, the "Group")

first since Oct 2023 −17.6% on the day
07:00

Surgical Innovations Group SUN £3.7m
Trading Update Trading update
Q4 sales were softer than expected, so FY2025 revenue is now c. £11.5m with a commensurate hit to profits, and the Board is also raising its slow-moving raw material stock provision.

£11.5m · 311% of mcapbelow expectationsoutlook negative, loweredfirst since Oct 2023 −18.2% on the day

Moved: new: OEM partner component supply disruption – Supply resuming after quality issue · new: Weak elective surgery demand – Q4 sales hit by flu and NHS strikes
07:00

Naked Wines WINE £41m
Trading Statement Trading update
EBITDA* expected to be towards top end of guidance

ahead of expectations +3.9% on the day
07:00

Nexteq NXQ £22m
Trading Update Trading update
FY25 is in line, but FY26 revenue is guided to not less than $85m with a consequential hit to profitability, and the three-year plan targets slip 12 months to end FY28.

in lineoutlook mixed, lowered −13.9% on the day

Moved: 2025 revenues broadly in line with 2024 and in line with market expectations: pending → on_track – FY25 revenue and adjusted PBT are expected in line with 2025 market expectations. · By end 2027: revenue $108m-$120m, gross margin 35-38%, EBITDA margin 10-15%: pending → delayed – The three-year plan targets are still expected to be met, but delivery is pushed back 12 months to the end of FY28. · More than 10 customers worth $1m or more in 2025: pending → on_track – The company expects an increase in $1m+ customers in 2025, though the number is not given and the target of more than 10 is not confirmed.
07:00

Feedback FDBK £2.9m
Trading Update Trading update
Feedback plc (AIM: FDBK, "Feedback" or the "Company"), the clinical infrastructure specialist, provides a trading update for the six months to 30 November 2025 (the "Period").

first since Oct 2023 +0.0% on the day