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UK small-cap RNS · 26 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. 07:00
    New Pension Scheme Agreement & FY25 Trading Update Trading update
    FY25 adjusted operating profit is in line with consensus, margin should exceed the 4.5% target and net cash of £190m beats the £171m expected, though part of that is working capital timing that unwinds in FY26.
    Capital return £20.0m · 3% of mcapahead of expectationsoutlook positivefirst in 8 months +7.0% on the day
    Moved: new: Enhanced shareholder returns – Board's current intention, not yet confirmed
  2. 07:00
    Fourth Quarter Trading Update Trading update
    2025 full year ahead of revised guidance and current consensus
    ahead of expectations +46.3% on the day
  3. 07:00
    Trading Update Trading update
    Pro forma revenue grew 11.1% with UK Power Brands up 20.7% after higher A&P spend, and guidance for the 17-month period is reaffirmed. International fell 8.7% on order timing and distributor disruption, which tempers the result.
    Capital return £35.1m · 44% of mcapoutlook positivefirst since Oct 2023 +2.3% on the day
    Moved: new: Earnings-enhancing M&A pursuit – Actively working on several potential targets · new: Share buyback programme – Ongoing; £1.1m returned by 31 December 2025 · new: International partnership restructuring – Spanish office closing; Scandinavia distributor issue resolved

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