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UK small-cap RNS · 31 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.

Key = all announcements except routine filings (voting rights, buybacks, holdings, director forms), plus the ones that are part of a situation. Not investment advice.

  1. 18:25
    Results of Accelerated Bookbuild Results
    Raises £1.1m (placing plus Chairman-linked subscription) at 0.0225p, a c.48.3% discount to the suspension price, diluting holders by c.23.6% after cash fell to £75k; the raise is oversubscribed and funds working capital.
    £1.1m · 28% of mcapoutlook positivefirst in 9 months −40.9% on the day
    Moved: Capital-light Daemaneng operating model: Funding round launched to cover working capital → Bookbuild completed, oversubscribed; admission pending · FY25 accounts delay and AIM suspension: Equity fundraise launched; suspension status unstated → Funding raised, subject to Admission; suspension status unstated
  2. 17:13
    Annual Report and Accounts & Notice of AGM Results
    Franchise Brands plc (AIM: FRAN), an international multi-brand franchise business, confirms that the Annual Report and Accounts for the year ended 31 December 2025 has now been published on the Company's website and is available to view, download and print at …
    +0.2% on the day
  3. 17:09
    Final Results Results
    · Group revenue of £9.6 million (FY24: £27.5 million), reflecting the disposal of legacy managed services businesses
    first in 9 months +0.0% on the day
  4. 16:45
    Unaudited Interim Results Results
    Ikigai Ventures Limited (LON: IKIV), a special purpose acquisition company focused on acquiring high-growth, scalable businesses, announces the publication of its unaudited interim financial statements for the six months ended 31 December 2025.
    3 acquisitions in 3 months – usually less than 1
  5. 16:30
    Results For The Year Ended 31 December 2025 Results
    ("Plaza", the "Company" or the "Group") today announces its results for the year ended 31 December 2025.
    first in 7 months +0.0% on the day
  6. 14:28
    Team TEAM £18m
    Final Results Results
    FY25 sales rose 16% to £12.0m and adjusted EBITDA loss narrowed to £1.4m, but the business is still loss-making; the company itself says the results understate the enlarged group.
    £12.7m · 71% of mcapoutlook positivefirst since Oct 2023 +0.0% on the day
  7. 10:25
    Half-year Results Results
    Half-year report to 31 Dec 2025 shows the licence renewed to 2035, refinery upgrades done and gold production started after period end, moving IMC from preparation towards cashflow. No financial figures are given in this text.
    outlook positivefirst since Oct 2023 +6.1% on the day
    Moved: Karaberd ore processing agreements: Licence renewed; processing agreements being finalised → Processing agreements in place; first gold extracted · Armenian Stock Exchange dual listing: Planned; to be progressed after licence renewal → Documents prepared; timing deferred · new: Avoca remediation and metals project – Planning with Chinese partners
  8. 09:36
    Annual Report and Accounts and Notice of 2026 AGM Results
    Alfa Financial Software Holdings PLC ("Alfa" or the "Company"), a leading developer of mission-critical software for the asset finance industry, announces that the following documents have today been posted or otherwise made available to shareholders:
    +0.7% on the day
  9. 07:15
    Half-year Results Results
    Interim results show Phalaborwa pilot plant progress, a new Uberaba EA and prices up, but the DFS is only due later in 2026. The US$14.6m raise was needed to fund both studies.
    Project milestones outlook positive +9.8% on the day
    Moved: Phalaborwa DFS and financing: DFS funded; due by end of 2026 → Pilot plant running; DFS funded · Uberaba Economic Assessment: PFS funded; completion in 2027 → EA published; PFS funded
  10. 07:09
    Final Audited Results Results
    Final Audited Results for the year ended 31 December 2025
    first in 6 months −8.2% on the day
  11. 07:01
    Half-year Results Results
    For the six months ended 31 December 2025
    first since Oct 2023 +2.5% on the day
  12. 07:01
    Half-year Results Results
    Interim loss widened to £732k from £689k with no revenue, and cash fell to £75k from £862k, so the shortfall comes just after the audit delay was cleared.
    outlook mixedfirst since Oct 2023 −43.2% on the day
    Moved: FY25 accounts delay and AIM suspension: Audited accounts published; AIM suspension status not stated → Interims published; suspension status unclear · Capital-light Daemaneng operating model: RoM terms agreed; logistics being refined; German talks ongoing → Agreements signed; funding need flagged
  13. 07:00
    Exceptional Technical Results Results
    Exceptional Technical Results and Expansion of Testing with TDK Corporation
    +2.0% on the day
  14. 07:00
    Final Results Results
    Preliminary results for the year ended 31 December 2025
    first in 6 months −0.7% on the day
  15. 07:00
    2025 Preliminary Results Results
    Princes Group plc (the "Group" or the "Company")
    in line +3.6% on the day
  16. 07:00
    Final Results Results
    The January cut to 2026 PBT of £60m-£65m is only confirmed, with trading in line. Profit is still expected to fall from 2025, so this is not a new warning.
    Project milestones in lineoutlook mixed +4.0% on the day
    Moved: Business and portfolio review: Nearing completion; core meat focus expected → Review completed; core meat focus confirmed (closed) · new: Seachill, Foppen, Dalco improvement plans – Improvement plans being implemented · Foppen US shipment disruption: Restrictions continue; US supply from Netherlands → Restrictions continue; £27.6m exceptional costs booked
  17. 07:00
    Unaudited Preliminary Results Results
    Second successive year of disappointing results: adjusted EPS fell 2.9% and statutory EPS nearly halved, and 2026 has started with a weak order book and orders 17% down, though the dividend rises 10%.
    below expectationsoutlook negative, loweredfirst in 8 months +4.5% on the day
    Moved: CEO succession: Announced; effective 9 Feb 2026 → Completed: Prestidge CEO, Cicurel Non-Executive Chair (closed) · new: US funding-driven order weakness – 2026 orders 17% down year to date
  18. 07:00
    Annual 2025 Financial and Operating Results Results
    FY2025 production fell 18% and funds flow fell 68% to $5.37m. Headline net income of $10.89m rests on non-cash deferred tax recovery and a disposal gain, so the underlying result is weak.
    outlook mixed3 business updates in 3 months – usually less than 1 −15.9% on the day
    Moved: Going concern and liquidity: Going concern uncertainty disclosed → Going concern note repeated; 2026 covenant breach projected · Equity raise and loan covenant: Placing completed; 2025 covenant test waived → 2025 waiver used; 2026 breach projected
  19. 07:00
    Half-year Results Results
    Half-year revenue rose to $322,858 from $64,542 and net loss narrowed to $1.56m, but the gross loss widened to $394,493; cash of $3.4m after the raise funds the Sagebrush-1 test.
    Project milestones outlook positive −5.0% on the day
    Moved: Sagebrush-1 extended flow test: Awaiting operatorship; test still the focus → Awaiting final operatorship designation · Coyote Wash development: IMDA approved; moving to permitting and planning → IMDA approved; planning and permitting
  20. 07:00
    Half-year Results Results
    H1 revenue rose 51% to £504k and the net loss narrowed to £209k from £377k, supporting the channel-sales model. The board warns H1 growth should not be extrapolated and going-concern dependence on Parris remains.
    Balance-sheet stress / refinancing ahead of expectationsoutlook mixedfirst since Oct 2023 +0.0% on the day
    Moved: City Oil Field plastic-to-oil rollout: First Jeongeup RGO plant commissioned; PSA agreed, conditional → Korean plant certified and operating; UK/Arizona sites in discussion · Going concern uncertainty: Auditors flag material uncertainty; opinion unmodified → Net liabilities £304k; reliant on Parris support and pipeline · M2G channel sales growth: Orders and early FY26 sales rising → H1 revenue up 51%; orders ahead
  21. 07:00
    2025 Full Year Results Results
    The £85m equity raise at 270p completed on 30 March. It is a heavily discounted placing that dilutes existing holders, but with the debt equitisation and write-off it cuts net debt by c.£112m and avoids a lender-led outcome.
    New CEO / reset £85.0m · 93% of mcapoutlook positivefirst in 7 months +6.8% on the day
    Moved: Debt refinancing and recapitalisation: Shareholders approved all resolutions; admission due 30 March → Completed 30 March 2026; net debt cut (closed) · new: CEO recruitment and cost-saving programme – CEO search underway; savings programme expanded
  22. 07:00
    Financial Results for the Year Ended 30 June 2025 Results
    The audit overhang is cleared and FY25 losses narrowed, with cash of £862k. But the year had no material revenue and the 13 March accounts date was missed again.
    Project milestones outlook mixed −43.2% on the day
    Moved: DMS Plant production ramp-up: Flood recovery; upgrades under way → Upgrades due end-March; colluvial mining 2-3 weeks away · Capital-light Daemaneng operating model: Terms agreed on ROM; German talks continue → RoM terms agreed; logistics being refined; German talks ongoing · FY25 accounts delay and AIM suspension: Slipped again; final South African audit report due → Audited accounts published; AIM suspension status not stated
  23. 07:00
    Final Results Results
    Anpario plc (AIM: ANP), the independent manufacturer of natural and sustainable feed additives for animal health, nutrition and biosecurity, is pleased to announce its full year audited results for the twelve months to 31 December 2025.
    first in 6 months +6.4% on the day
  24. 07:00
    Final Results Results
    ("TomCo" or the "Company" or, together with its subsidiaries, the "Group")
    first in 9 months −5.9% on the day
  25. 07:00
    Unaudited Interim Results Results
    The H1 loss widened to $9.0m as G&A and bond costs rose. Cash fell to $15.1m by 27 March, and with no further well operations planned, the story now depends on finding a farm-in partner.
    New CEO / reset outlook mixedfirst since Oct 2023 +3.1% on the day
    Moved: Complete US senior exchange listing, targeted for 2025 then Q4 2025 or Q1 2026: delayed → missed – US listing activities are suspended as part of cost cutting, so the Q1 2026 target for a US senior exchange listing will not be met. · 2023 strategy reset: Board reshaped; focus moving to engineering → Kodiak-first repositioning, cost cuts, new Board · Kodiak seismic reprocessing and Theta West-2: Seismic reprocessing started; well preparations only → Seismic reprocessing commissioned on NW Kodiak
  26. 07:00
    Half-year Results Results
    Revenue up 32.2% (11.4% proforma) and adjusted EPS up 15.4%, but adjusted EBITDA fell 3.6% with margin down to 16.9% as the cost base outweighs post-divestment revenue.
    Capital return outlook positivefirst in 6 months −2.9% on the day
    Moved: Earnings-enhancing M&A pursuit: Actively working on several potential targets → Several opportunities in discussion, none agreed · Share buyback programme: Ongoing; £1.1m returned by 31 December 2025 → Ongoing; £4.7m returned by 31 March 2026 · International partnership restructuring: Spanish office closing; Scandinavia distributor issue resolved → Madrid office closed; moving to strategic partnerships
  27. 07:00
    Half-year Results Results
    Interims show revenue down to £1.20m and a £2.13m pre-tax loss. Several second-half projects are now likely to slip into next financial year, so the expected H2 uplift will not arrive on time.
    outlook mixed, lowered −38.0% on the day
    Moved: North Sea wellhead framework agreement: First orders received, about £1.5m → £1.5m first orders received March 2026 · Exact rental fleet build-out: Fleet expanded; Middle East and US jobs pending → fleet doubling to 16, 12 sets available soon · Liquidity and going concern: £2m facility agreed; going concern matters noted → £2m OFM facility in place; H1 loss widened
  28. 07:00
    Half-year Results Results
    Half-year revenue slipped 6.9% as crypto trading softened after October, opex rose 35% and EBITDA swung to a loss, while cash nearly halved to £433k, undoing the strong Q1 momentum.
    Balance-sheet stress / refinancing outlook positivefirst since Oct 2023 −34.3% on the day
    Moved: BTaaS platform customer roll-out: Pilot revenue in Q1; formally launched October 2025 → Launched October 2025; early contributions only · XTP token treasury acquisition: Acquired for nil cost; related-party deal → Completed post-period; cash benefit expected · Founder and board share lock-in: Founder Alignment Deed signed 12 March 2026 → Three-year lock-in covers about 63.0% of shares
  29. 07:00
    Half-year Results Results
    Interim results show a shell with £124k of costs in six months and £97k cash, with no operating business; the Sudan gold pivot has no binding deal and funding is stretched.
    Delisting / take-private £0.0m · 1% of mcapoutlook mixedfirst since Oct 2023 −12.5% on the day
    Moved: Main Market delisting to Aquis: Proposed; shareholder approval pending → Shareholders approved; Aquis admission pending · Fundraise before end March: Planned, no terms → Replaced by £30k Chairman loan; raise deferred · Pivot to African gold processing: Review done; no binding agreements → Approved by shareholders; no binding agreements
  30. 07:00
    Audited Results FY25, Annual Report, Notice of AGM Results
    Audited Results for the year ended 31 December 2025,
    +1.7% on the day
  31. 07:00
    Half-year Results Results
    The announcement is interim results, not a guidance raise. Revenue grew 7% reported but only 2.5% at constant currency, and the operating loss widened to £11.4m. The outlook only expects H2 momentum to accelerate.
    Project milestones £36.3m · 13% of mcapoutlook positivefirst since Oct 2023 −1.9% on the day
    Moved: VLP Peanut PROTECT trial: Primary safety met; biomarker data positive → Phase IIb preparation underway · Potential equity raise: No raise agreed; £70m uncommitted debt funding available → No raise; £40m Hayfin debt drawn · Hong Kong dual listing: Still exploring potential dual primary listing → Still exploring dual primary listing
  32. 07:00
    Half-year Results Results
    Unaudited results for the six months ended 31 December 2025 (HY26)
    first since Oct 2023 +0.0% on the day
  33. 07:00
    Half-year Results Results
    Interim results show first diamond sales of only £26,000 and unrecognised HMS inventory, with the 2A Mining Right delayed in a DMRE backlog. Cash did rise to £664k after the £1.56m raise, and loan facilities mature 30 April 2026.
    Project milestones £0.0m · 0% of mcapoutlook positivefirst since Oct 2023 −15.8% on the day
    Moved: 2A Mining Right approval: Objection withdrawn; grant awaited; funding raised → Objection withdrawn; application in DMRE backlog · Aftan arbitration award enforcement: Award granted; Hebei challenging; enforcement ongoing → Hearing held January 2026; judgment awaited · HMS and diamond capacity expansion: Extra retail funding offered; upgrades under way → Upgrades under way; diamond sales begun
  34. 07:00
    Final Audited Results for the Year Ended 31 Dec 25 Results
    Statutory loss of £12.4m (2024: £2.7m profit) stems from a non-cash £10.9m Zenit reclassification charge. Cash rose to £5.4m after the ASX listing and Xinhai investment, so the balance sheet is stronger.
    Project milestones outlook positivefirst in 6 months −3.7% on the day
    Moved: Xinhai strategic investment in Dokwe: Definitive agreement signed; A$8m immediate funding → Investment completed; Xinhai joins board · Tavsan heap-leach ramp-up: c.135,000t loaded; ramp-up through Spring → In production; heap-leach commenced
  35. 07:00
    Half-year Results Results
    Interim Results for the Six Months Ended 31 December 2025
    first since Oct 2023 −10.0% on the day
  36. 07:00
    FY 2025 Results Results
    Strong 25% EBITDA growth ahead of expectations, increased unit volumes and continued product and platform expansion.
    Upgrade / downgrade cycle ahead of expectations +47.1% on the day
  37. 07:00
    Final Results Results
    Entered the new financial year with good momentum
    in linefirst in 6 months +5.7% on the day
  38. 07:00
    Half-year Results Results
    Solid H1 trading and despite challenging markets, our margins have remained strong.
    +1.3% on the day
  39. 07:00
    Half-year Results Results
    Interim results for the six months ended 31 December 2025
    −28.1% on the day
  40. 07:00
    Half-year Results Results
    Half-year loss of A$107.8m (EPS -104.73c vs -8.09c) driven by large case losses, A$99.2m unrealised losses and A$31.1m litigation service expense; restricted cash is almost all of the A$23.6m balance.
    Sale process / strategic review outlook mixedfirst since Oct 2023 −27.9% on the day
    Moved: Strategic review: Review continuing; results delayed to give update → Review approaching conclusion; no outcome yet
  41. 07:00
    Half-year Results Results
    Interim Results for the 6 months ended 31 December 2025
    −0.5% on the day

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