Digital health and pharmacy company Medpal AI (LON: MPAL) says annualised revenues reached £28m in August – based on the monthly revenues multiplied by 12. This is underpinned by monthly recurring revenues. The improvement in revenues last month was purely organic. The share price jumped 18.3% to 6.15p.
United Oil and Gas (LON: UOG) has appointed Donal Meehan as chief operating officer. He was previously at Providence Resources. This appointment is in readiness for the conclusion of the Walton-Morant farmout in Jamaica. The share price increased 17.7% to 0.2p.
Building materials supplier SigmaRoc (LON: SRC) is expanding in the Baltics through the acquisition of Akcine Bendrove Dolomitas for €110m – funded from the company’s debt facility and by a share issue. The deal brings a reserve of dolomitic lime, which is used in steel production. Annual production is 3.4 million tonnes and there are 25 years of proven and permitted reserves. Last year’s EBITDA was €18m. This deal could enhance 2027 earnings by 2%. In the first half of 2026, SigmaRoc improved revenues by 2% to £523m. The like-for-like decline was 1%. Volumes are improving. Underlying earnings improved 12% to 5.2p/share. The share price rose 11.9% to 143.6p.
Prospex Energy (LON: PXEN) revenues from Selva Malvezzi, where it has a 37% interest, are benefiting from higher gas prices and in August it generated revenues of €618,000 net. Hannam and Partners estimates that Selva could generate €5.2m in EBITDA net this year. The cash will help fund the 2027 drilling campaign. In Spain, Viura is also generating cash. Electricity generation at El Romeral in Spain is generating higher revenues and is becoming self-funding. Management is seeking partners to fund the development of the Mniszow oil discovery in Poland. The share price gained 10.3% to 5.35p.
FALLERS
Kefi Copper and Gold (LON: KEFI) has suspended the development of the Tulu Kapi gold project in Ethiopia because of a security incident that led to a number of deaths last Friday. The company is talking with the Ethiopian government and the local community so that safety can be improved enough to restart development. The share price dived 39.7% to 0.71p.
Phosphate producer Kropz (LON: KRPZ) says the Middle East conflict has put financial pressure on the business, which will be restructured. Disruption to fertiliser production has hit demand for phosphate rock and pries have fallen. This is at a time when fuel and freight costs are rising. This means that the Elandsfontein mine continues to lose money. Future sales of phosphate rock will be from stock, and no further mining is currently planned. Instead, the focus will be on the Nanophos market. This is a sedimentary soft rock phosphate, which is used as an organic fertiliser. The share price slumped 38.9% to 0.55p.
Futura Medical (LON: FUM) increased its retail offer from £150,000 to £200,000 because it was significantly oversubscribed. This means the sexual health company has raised a total of £1.8m at 0.2p/share. This should provide enough cash to get to February 2027 giving the company time to assess approaches for the business and/or assets. The share price declined 19.1% to 0.225p.
Automotive connections supplier Strip Tinning (LON: STG) has agreed a £250,000 six-month loan from GPIM Ltd. This will help to fund the increase in production volumes. The loan can be extended for a further three months. The share price slipped 18.5% to 26.5p.