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UK small-cap RNS · 11 Jun 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. 07:57
    Edge AI ASIC Supply Contract Completes Tape-Out
    Customer forecast indicates this chip will become one of the largest revenue generating contracts in EnSilica's portfolio
    Transformational contract / build-out £3.7m · 4% of mcapoutlook positive +6.1% on the day
    Moved: new: Edge AI ASIC supply contract – Production tape-out completed; tooling and samples next
  2. 07:00
    Results for the 53 weeks ended 5 April 2026 Results
    Underlying operating profit of £48.0m is above the £47.5m floor flagged in April and in line with revised post-Fibo expectations. Cash conversion, ROCE and dividend all improved, though organic growth was only 0.6%.
    Disposal of a part (break-up) in lineoutlook mixedfirst in 8 months +1.9% on the day
    Moved: Cash conversion greater than 90% (medium term): on_track → delivered – Cash conversion of 116% is well above the 90% target. · Return on capital employed greater than 20% (medium term): on_track → delivered – Underlying ROCE reached 20.0%, in line with the target of greater than 20%. · Deliver SBTi-validated emissions targets by 2028, cutting scope 1 and 2 emission: on_track → delivered – The 2028 SBTi Scope 1 and 2 target is already met, and the targets will be reset.
  3. 07:00
    Half-year Results Results
    Interim results show an adjusted loss of £0.1m against a £1.5m profit and NAV per share down 14% to 210p. Income fell after disposals and valuations dropped 16%, though the valuation fall was already published on 16 April.
    Disposal of a part (break-up) £9.9m · 33% of mcapoutlook mixedfirst since Oct 2023 −1.8% on the day
    Moved: Portfolio disposal and capital return: Buyback started; wider capital return planned → Buyback under way; wider return depends on GM · St James's Gate Newcastle refurbishment: £1.3m contract placed for two floors → Refurbishment complete; letting needed
  4. 07:00
    AGM Trading Update Trading update
    Confirms four-month LFL net revenue is in line with market expectations after a weak FY25. Issues and Media growth offsets a tough market, so the FY26 recovery case holds, with no upgrade.
    New CEO / reset in lineoutlook mixed +0.7% on the day
    Moved: FY25 guidance and FY26 recovery: FY25 delivered in line; FY26 growth targeted → Four months in line; FY26 growth targeted · Share buyback programme: Buyback to be enlarged in place of dividend → Ongoing buyback programme · CEO succession and interim leadership: Rabbatts Executive Chair since early April → Rabbatts Executive Chair; no CEO named
  5. 07:00
    Issue of shares to directors & broker
    Shares issued in lieu of cash for £179k of directors' pay and £40k of broker fees, with no cash raised. This adds about 4.06m shares (roughly 13% of the enlarged capital) while going-concern doubt persists. Broker shares are priced at 3.75p, below the 6p board price.
    Balance-sheet stress / refinancing £0.2m · 24% of mcapfirst in 11 months +0.0% on the day
    Moved: Going concern uncertainty: Recapitalisation proposed, non-binding, terms unagreed → Costs settled in shares; recapitalisation still unagreed
  6. 07:00
    Record c. £17m contract win
    Largest-ever contract, about £17m over four years from a long-standing European GBAD customer, with an upfront milestone payment funding components. It adds multi-year revenue visibility, though part reflects a one-off last-time-buy of an Intel processor, pulling forward demand.
    Transformational contract / build-out £17.0m · 7% of mcapoutlook positivefirst in 8 months +8.6% on the day
    Moved: new: Record European GBAD supply contract – Order secured; four-year delivery starting · Systems unit path to profitability: FY25 performance below expectations; revenue up 157% → Order intake improving; profitability not yet stated
  7. 07:00
    Record profits delivered and reorganisation to deliver next stage of growth
    Record FY26 underlying EBITDA of £92.0m (+2.2%) matches guidance, but net revenue grew only 1.7%, net debt rose to £132.5m and the £100m EBITDA target was missed.
    Turnaround plan with targets outlook mixedfirst in 8 months +3.1% on the day
    Moved: Deliver £100m underlying EBITDA by end of FY26: delayed → missed – FY26 underlying EBITDA came in at £92.0m, short of the £100m target due by end of FY26. · Net revenue growth of 5-8% a year through FY28: pending → on_track – Target growth rate reaffirmed, though FY26 net revenue grew only 1.7% so delivery depends on reorganisation benefits. · Launch self-service kiosks and extend Royal Mail shop across Collect+: on_track → delayed – Royal Mail Shop extended to 8,500 sites, but self-serve kiosks are only to be piloted in H1 FY27, past the Q4 FY26 deadline.

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