Interim figures from medical imaging company IXICO (LON: IXI) show a 23% rise in revenues to £3.9m. There is already 95% visibility for the full year revenues forecast of £7.5m. Although gross profit will improve, additional costs for the TechBio strategy to find partners to help grow the business mean that the full year loss is expected to increase from £1.7m to £2.4m. The share price is 16.7% higher at 7.875p.
Pennant International (LON: PEN) has secured the first contract for its conversion services business. This will convert existing documentation into S1000D data modules for a North American military customer. The share price rose 15% to 23p.
Novacyt (LON: NCYT) has launched an upgraded DPYD pharmacogenomics assay and regulatory approvals are expected in the next few months. This is a high margin genetic test for liver cancer patients with an international market. The share price has risen recently, and it gained a further 5.87% to 48.7p,
First quarter results from gold miner Thor Explorations (LON: THX) show year-on-year revenues increasing from $64m to $74.3m and lower operating costs per ounce of gold. Net income rose from $34.4m to $46.7m. Net cash was $177.9m at the end of March 2026. A dividend of C$0.0275/share was announced. Full year production guidance is 75,000-85,000 ounces of gold with average costs likely to edge up. The share price increased 4.2% to 74.5p.
Asia-focused oil and gas producer Jadestone Energy (LON: JSE) reported a loss of $133.7m on revenues of $408m for 2025, but that figure is complicated by $126m impairment charge and the $18.5m write off for the abandonment of the SKUA-11 well. That masks the strong cash generation of the business last year. Cash generated from operating activities was $91.4m, helped by lower operating costs, and along with the $39.4m proceeds from a disposal this was more than enough to fund capital expenditure and interest charges. Net debt reduced to $89.1m. Jadestone Energy has refinanced debt through a $200m bond issue, which increases the cash available. Production in 2026 could be at the lower end of the 18,000-21,000 boe/day guidance range – last year it was 19,829 boe/day – because of a storm stopping production at the Stag field. That should generate enough cash to cover investment this year. The farm-out process for the Vietnam asset has commenced. The share price initially declined to 30.25p but recovered that loss to be unchanged at 31.5p.
FALLERS
IoT investment company Tern (LON: TERN) is raising a further £222,000 at 0.6p/share. The share price slipped 15.6% to 0.675p.
Lords Group Trading (LON: LORD) has fallen ahead of full year results tomorrow. The consensus forecast pre-tax profit is £2.63m. The share price of the building and plumbing distributor has dropped 7.75p. to 17.25p.
Abingdon Health (LON: ABDX) is issuing 1.67 million shares to cover £200,000 of earn-out consideration for IVDeology Holdings after it achieved its maximum revenues target. The share price fell 4.17% to 11.5p.