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UK small-cap RNS · 24 Mar 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
    AGM Trading Statement Trading update
    The Board only says it is well positioned to deliver the full-year expectations already upgraded on 26 February; the new H1 figures are strong, but the guidance is confirmed, not raised again.
    Segment turn ahead of expectationsoutlook positive +4.7% on the day
    Moved: New North American energy customer: Third order tranche won; framework talks under way → Framework arrangement being worked on · Medium-term revenue doubling target: First milestone now expected ahead of target in FY26 → H1 FY26 revenue up over 50%
  2. 07:00
    Distil DIS £1.2m
    Trading Update Trading update
    Q4 revenue is significantly below forecast and full-year revenue is materially below market expectations. The loss will be bigger than expected, and the company states no offset beyond higher sales to end customers.
    Sale process / strategic review below expectationsoutlook negative, loweredfirst since Oct 2023 −55.6% on the day
    Moved: Blackwoods Brand Home opening: Opening due by end of January → Opened; 5* Google reviews, early revenue (closed) · Blavod US relaunch: TTB approval received; ready to ship → Delayed by CBMA submission; Q1 FY27 expected · September 2025 equity fundraise: Proceeds used for stock, packaging, EU set-up, Brand Home → Proceeds insufficient; new short-term funding need
  3. 07:00
    Full Year Trading Update Trading update
    FY26 landed in line with October guidance and H2 gross profit growth picked up, but FY27 operating profit is guided broadly flat as c.£4.5m of cost normalisation absorbs high single to low double-digit gross profit growth.
    in lineoutlook mixedfirst in 6 months −15.4% on the day
    Moved: new: Private/public sector go-to-market realignment – Announced, transition to be sequenced · new: FY27 guidance and cost normalisation – FY27 guidance given in trading update
  4. 07:00
    Q3 Trading Update Trading update
    Guidance of £53-57m, raised in February, is now expected towards the upper end. This is a further step up, helped by a stable Naira and cost control.
    ahead of expectationsoutlook positive, raised +10.4% on the day
  5. 07:00
    Q3 Trading Update Trading update
    Confirms full-year performance in line with market guidance after a strong Q3, with record nine-month revenue and PBT. Nothing is upgraded, but it extends the steady trend from H1.
    in lineoutlook positive3 business updates in 3 months – usually less than 1 +0.0% on the day
    Moved: Own-book lending growth strategy: Record book £236m+, 19 consecutive growth quarters → Record book £236.4m, 19 consecutive growth quarters
  6. 07:00
    GGL Trading Statement to 31 December 2025 Trading update
    Gemfields expects a loss for 2025, though smaller than 2024, and calls it a difficult year. PP2 final commissioning is now delayed well into H1 2026, and deleveraging is the priority.
    Project milestones outlook mixed, loweredfirst in 6 months −2.5% on the day
    Moved: MRM second processing plant: Final commissioning, materially on budget → Producing rubies since Sept 2025; commissioning delayed

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