AIM movers: Shearwater upgrade and Jet2 improve profit

Premier African Minerals (LON: PREM) shares recovered a further 52.8% to 0.0275p following Monday’s announcement that the Zulu lithium plant restarted on 6 July and optimisation of production will then happen.

Cybersecurity services provider Shearwater (LON: SWG) says revenues and profit in he 15 months to June 2025 were better than expected. The pre-tax profit forecast was raised from £400,000 to £600,000, but the 2025-26 figure is maintained at £1.1m. The share price is one-third higher at 62p.

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Video games developer Everplay (LON: EVPL) has sparked an upgrade with it latest trading statement. There has been a good response to new game and Everplay has acquired the Hammerwatch franchise and two other games for up to £8m. The 2025 pre-tax profit forecast has been raised from £45.7m to £47.5m. Net cash of £73.8m is forecast. The share price improved 13.7% to 356.5p, which is the high for 2025.

80 Mile (LON: 80M) is increasing its interest in Hydrogen Valley from 24% to 49% and the cost of £80,000 is lower than previously agreed. A Hydrogen Valley subsidiary has signed a memorandum of understanding for the supply of 40,000 tonnes of biofuel each year. This number could increase. Other supply deals could be secured. The share price rose 12.5% to 0.27p.

FALLERS

Foreign exchange services provider Finseta (LON: FIN) says interim revenues rose 16% to £5.9m and the number of customers has risen to 1,101. Corporate client generated the majority of revenues. Finseta had already warned that profit would be lower this year due to investment in expansion and there was a slump in the first half. Net cash was £400,000 at the end of June 2025. A strong second half is expected. The share price decline appears to be a reflection of the start to the year, which was anticipated. The share price slumped 24.2% to 23.5p.

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Marketing services company System1 (LON: SYS1) reported figures for the year to March 2025 that are in line with the April trading statement. Pre-tax profit rose from £3.1m to £5.2m. however, there was a decline in revenues in the first quarter of the new financial year. Europe has been a tough market. Canaccord Genuity has cut its 2025-26 pre-tax profit forecast from £7.2m to £6.9m. The share price decreased 9.93% to 390p.

Shares in Tap Global Group (LON: TAP), which moved from Aquis to AIM on 27 June, continue to fall since the introduction and are 10.5% lower at 1.7p.

Airline and tour operator Jet2 (LON: JET2) grew pre-tax profit by 11% to £577.7. Later summer bookings and a higher proportion of flight only bookings have not stopped Canaccord Genuity edging up its 2025-26 pre-tax profit forecast to £578.8m. The share price slipped 6.14% to 1713p.

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