Tiger Alpha (LON: TIR) has raised £1.55m at 0.375p each, but to issue the shares the par value has to be reduced from 1p to 0.1p. The divestment of legacy resource investments is almost complete and has raised £175,000. The focus is AI investments. The share price jumped 17.7% to 0.5p.
Construction and facilities management software provider Eleco (LON: ELCO) increased annualised recurring revenues by 29% to £34.3m and net cash ended 2025 23% higher at £16.3m. Pre-tax profit is on course to improve from £4.2m to £5.4m. The share price rebounded 15.5% to 152.5p.
Builders merchant Lords Group Trading (LON: LORD) traded in line with downgraded expectations last year. Revenues were slightly higher than expected, but pre-tax profit is equal to the forecast of £2.7m. The heating and plumbing division is being reviewed after a disappointing performance. The CMO business acquired last year was profitable in the second half. A recovery in pre-tax profit to £4.2m is still expected in 2026. The share price increased 14.4% to 26.3p.
Roebuck Food Group (LON: RFG) says GlasPort Bio, which has developed technology to mitigate greenhouse gases in agriculture, including a manure management additive and a feed additive, is generating recurring revenues. There are pilot installations on large-scale farms in three countries. The plant-based ingredients division had a tough 2025, although a stronger second half cut the full year reduction in sales to 11%. Overheads have been reduced. The share price is 10% higher at 22p.
FALLERS
Phoenix Copper (LON: PXC) says that Riverfort Global Opportunities argues that the recent repayment of the short-term loan facility it provided should be classed as a prepayment. Phoenix Copper is trying to determine whether there is a further financial obligation. The share price dipped 4.08% to 2.35p, having been 2.1p earlier in the morning.
Life sciences services provider EKF Diagnostics (LON: EKF) traded broadly in line with expectations in 2025. Revenues of £51.6m are slightly below consensus forecasts, but EBITDA is in line at £12.4m – 10% higher helped by the focus on higher margin products. Both point of care and life sciences divisions grew revenues. A new fermentation development contract has been signed in the US. Cash was £15.8m at the end of 2025. The share price slipped 6.25% to 25.5p.
Aerospace component kits supplier Velocity Composites (LON: VEL) continues to be hit by delays and lower than anticipated Airbus A350 production rates. Lower overheads have offset the lower revenues in 2025, and the pre-tax loss was reduced from £1.3m to £1.1m. A major aerospace components programme in the US will not be transferred until later in 2026. New European business is being sought to offset the loss of a contract. The share price declined 2.63% to 18.5p.
Laundry technology developer Xeros Technology (LON: XSG) says that 2025 revenues will be lower than expected. Cavendish has halved its forecast to £300,000, which increases the loss to £3.4m. The 2026 forecasts are unchanged and there should still be £4m in cash at the end of 2026. Longer-term, there is positive feedback concerning demand from a global OEM launching a product in 2027. The share price fell 1.56% to 1.575p.