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UK small-cap RNS · 5 Aug 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
    Trading Statement Trading update
    Full-year free cash flow guidance lifted to $170-250m from $70-175m, a real raise after June's confirmation, driven by better production, realisations and progress on Ghana receivables.
    Legal & regulatory ahead of expectationsoutlook positive, raisedfirst since Oct 2023 −6.7% on the day
    Moved: Start Ghana drilling May 2025 and bring two Jubilee wells onstream in Q3 2025: delayed → delivered – Jubilee wells J76-P, J77-P and J50-P onstream in June, July and early August, with J76-P initial rates significantly above expectations. · Jubilee drilling and seismic programme: Third of six 2026 wells onstream this week → Five of six wells onstream · Ghana tax disputes and receivables: Gas payment security agreed; receivables outstanding → Recoverability progressing, still unresolved
  2. 07:00
    Trading Update Trading update
    Revenue is ahead of management expectations, but EBITDA is guided only comparable to last year because of AI, marketing and technology spend. This is a revenue beat, not a profit upgrade.
    Upgrade / downgrade cycle ahead of expectationsoutlook mixedfirst in 6 months +3.4% on the day
    Moved: AI MarTech platform expansion: Early; management pledges more disclosure → Pilots in adjacent sectors, early stage

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