Sulfur battery technology developer Gelion (LON: GELN) reported full year results ahead of expectations with revenues of £2.46m and a pre-tax loss of £5.33m. Net cash was £7.55m at the end of June 2026 and that should cover the next financial year. Earlier this week, there was positive news of the independent testing of its Nano-Encapsulated Sulfur (NESTM) Cathode Active Material (CAM) by National Laboratory of the Rockies (NLR) under the Cooperative Research and Development Agreement (CRADA), which confirmed Gelion’s own tests of its technology. The share price jumped 39.6% to 18.5p.
Medical imaging technology provider Ixico (LON: IXI) has won two contracts for programmes related to Alzheimer’s disease. They are worth £1.5m. The order book was previously worth £16m. The 2025-26 revenues will be better than expected. The share price rebounded 29% to 10p.
Arkadian Strategic Metals (LON: AKN) has completed an initial programme of sample collection at the upper Jack Williams west drive of the Clogau gold mine. This has exposed the vein for geological inspection. The pilot plant is processing material. The company has agreed to sell its interest in the Horse Hill oil project for £137,000. It has also issued proceedings against McKnight Resources AB for specific performance and breach of contract in relation to the Finnsbo Project in Sweden. The share price improved by one-fifth to 0.009p.
Arrow Exploration (LON: AXL) says production has reached a new high of more than 6,500 boe per day as two new wells come onstream. Natural declines in older wells are expected but fourth quarter expectations of 5,700 boe per day could be beaten. Cash was more than $28m on 1 October 2026. The share price gained 14.9% to 42.5p.
FALLERS
Catenai (LON: CTAI) says Innovate UK Loans has filed for the appointment of an administrator for investee company Klarian. Catenai provided a £450,000 unsecured convertible loan note facility. When interest and fees are included, the amount owed is more than £762,000. The share price declined 47.7% to 0.0575p.
Invinity Energy Systems (LON: IES) shares also returned from suspensions after completing a retail offer and subscription. The vanadium flow battery technology developer raised £2.8m in a retail offer and the total raised was £25m. The company was seeking a minimum of £20m. Cornerstone investment of £12.5m was made by National Wealth Fund. Cash will be invested in accelerating product development and manufacturing, as well as covering ongoing losses. The share price slipped 35% to 11.5p.
Litigation Capital Management (LON: LIT) has received a termination notice from a funded party because of an alleged breach of a litigation funding agreement relating to a collective action in the Competition Appeals Tribunal. Litigation Capital Management disputes the validity of the termination and it has invested A$2.7m in the case, while the book value is A$2.4m. The share price fell 33.2% to 0.401p.
Education services provider Malvern International (LON: MLVN) says underlying full year revenues improved from £12.6m to £14.4m. However, there has been a swing from a small positive EBITDA to a loss of £2.5m, including a £700,000 loss on the closed Adult English Language Teaching (ELT) business. Net cash was £700,000 at the end of September 2026. A further loss is expected this year. The share price slid 28.3% to 8.25p.