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UK small-cap RNS · 15 Jan 2026

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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  1. 15:02
    Replacement - Trading Update Trading update
    FY2025 revenue rose 33% in KZT on 21% higher volumes and 10% higher prices, with the plant at maximum capacity, so growth is now limited by capacity. USD price was slightly lower.
    Project milestones outlook positive +7.9% on the day
    Moved: Clinker line 6 capacity expansion: Decided; debt financing and EPC contractors pending → Decided; costed at USD 35m; financing and contractors pending
  2. 10:45
    Trading Update, Board Changes and Investment Plan Trading update
    Chair Xavier Blutel steps down and CEO Javier del Ser moves up to Executive Chairman. This is an internal reshuffle that combines the chair and executive roles, and the board stays small.
    Project milestones outlook positivefirst since Oct 2023 +7.9% on the day
    Moved: new: Clinker line 6 capacity expansion – Decided; debt financing and EPC contractors pending
  3. 07:00
    Directorate Change Board change
    Pamela Bingham, an experienced international manufacturing CEO, succeeds Paul Hooper. Planned succession with no trading news, so little near-term effect, though it brings a new strategy and execution risk.
    New CEO / reset +0.0% on the day
    Moved: new: CEO succession – Successor named; Hooper retires 31 March
  4. 07:00
    Full Year Trading Update Trading update
    ("DF Capital" or the "Company" together with its subsidiaries the "Group")
    Upgrade / downgrade cycle ahead of expectations +7.3% on the day
  5. 07:00
    Full Year 2025 Trading Update Trading update
    This is a full-year trading update, not a guidance raise. Adjusted EBITDA is above consensus, constant-currency revenue is in line, and FY 2026 growth of 25% is guided for the first time. Reported revenue is below the £39.5m consensus.
    Upgrade / downgrade cycle £38.5m · 23% of mcapin lineoutlook positive +10.2% on the day
    Moved: new: FY 2026 revenue growth guidance – 25% FY 2026 revenue growth guided
  6. 07:00
    Q4 2025 Trading Update Trading update
    Q4 NFI fell 14% with 2025 down 14%, and 2026 NFI is planned slightly below 2025. UK, Spain and ANZ are recovering, but northern Europe is weak. Costs and net cash are steady.
    Upgrade / downgrade cycle outlook mixed −5.5% on the day
    Moved: new: Cost savings and portfolio management – Run rate below £24m; £10m target by 2027 · new: Market recovery and 2026 NFI – 2026 NFI planned slightly below 2025
  7. 07:00
    Trading Update Trading update
    PBT guidance lifted again from above £7.0m (11 Dec) to above £7.4m, with EBITDA above £11.8m and revenue about £63.0m, all above the December floors, driven by Playstack.
    Turnaround plan with targets £8.0m · 15% of mcapahead of expectationsoutlook positive, raised +1.7% on the day
    Moved: Record first annual Profit Before Tax in 2025.: on_track → delivered – FY25 PBT expected above £7.4m, up more than 720% from £0.9m, a record profit year. · Group to grow all profitability lines in 2025 and beyond.: on_track → delivered – Revenue, adjusted EBITDA and PBT all expected to rise in FY25 versus FY24. · Buy back up to £4m of shares by 31 December 2025.: pending → delivered – Two buybacks totalling £8.0m were completed in 2025, double the £4m target.
  8. 07:00
    Second Quarter FUMA Update
    Q2 FUMA update shows FUMA up 3% to £20.1bn and a return to net inflows, supporting the 'Reignite Growth' strategy after prior net outflows.
    Segment turn outlook positive +1.5% on the day
    Moved: new: Reignite Growth strategy – First net inflow quarter since FY 2023
  9. 07:00
    Half-year Results Results
    H1 revenue up 13% to £11.6m with EBITDA of £0.9m and the loss after tax cut to £0.1m, as the chairman's October 'strong results' pre-signal said. Both divisions improved and H2 is guided stronger.
    Sale process / strategic review ahead of expectationsoutlook positivefirst in 11 months +2.2% on the day
    Moved: Obtain Workday certification by mid-FY26 and build pipeline: pending → on_track – Workday integration is stated to be in place, but certification is not mentioned, so it is not confirmed. · Complete development of next-generation access control product in the next finan: pending → delayed – The Janus C4 Ultra access control product is held back by software partner delays; investment was refocused on HCM and Access Control strategy is under review. · Safetell strategic review: Review advancing; costs cut, sales up → review ongoing; salary costs cut c.15%
  10. 07:00
    Annual Report Results
    FY25 was in line with expectations, and the turnaround is showing: gross margin rose from 28.0% to 32.9%, underlying EBITDA from £5k to £811k, and the underlying pre-tax loss narrowed to £40k.
    Turnaround plan with targets £15.8m · 170% of mcapin lineoutlook mixedfirst in 8 months −5.1% on the day
    Moved: Develop a 3-5 year strategy by end of FY24: pending → delivered – The five-year strategic plan was launched in 2024 and is now being executed. · Meaningful gross margin improvement within 12-18 months: pending → delivered – Gross margin rose 4.9 points to 32.9%, with improvements in both business units. · Achieve 10% organic revenue growth and 15% net margin by 2028: pending → on_track – Management says FY25 positions the Group for further progress towards the 2028 targets. FY25 revenue growth was only 2.1%, against a 10% target.
  11. 07:00
    Trading Update Trading update
    Confirms full-year adjusted operating profit in line with consensus (£70.2m-£73.0m) after a weak H1. Q3 I&A orders are growing, so the H2 recovery looks on course.
    Segment turn £48.5m · 4% of mcapin lineoutlook positive +5.4% on the day
    Moved: NanoScience business sale: Agreed; awaiting regulatory approvals → Completed 2 January 2026 (closed) · Imaging & Analysis recovery: H1 actions taken; H2 recovery expected → Q3 orders +2.4%; Belfast savings delivering

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