Digital marketing services provider Silver Bullet Data Services (LON: SBDS) has appointed Dara Nasr as a non-executive director. He was previously a vice president at We Transfer. Martyn Rattle and AnnaMaria Khan-Rubalcaba have stepped down from the board. The share price increased 38.7% to 2.15p.
Audio products supplier Focusrite (LON: TUNE) performed strongly in the six months to August 2025. Revenues improved from £81.6m to £87m during the period. This is despite negative currency movements. New product launches helped and offset lower spending on audio reproduction equipment. Gross margin is improving despite tariffs. The 12-month revenues rose from £158.5m to £168m. EBITDA is in line with expectations of £25.2m despite the better revenues. Net debt was £11m at the end of August 2025. The new financial year end is February. The share price rebounded 14.6% to 188.5p.
Video games publisher tinyBuild (LON: TBLD) reported flat interim revenues of $17m, which nearly all came from back catalogue. There was a swing back into profit and positive cash generation. Net cash was $4.6m at the end of June 2025. A swing from a loss of $4.1m to a pre-tax profit of $2.8m is forecast for the full year. The share price recovered 12.8% to 11p.
Advanced imaging and biodetection technology developer Kromek (LON: KMK) moved into profit in the year to April 2025 thanks to revenues from its collaboration agreement with Siemens. A loss of £3.2m was turned into a pre-tax profit of £4.1m, helped by the high margin nature of the Siemens income. The Siemens income will be lower this year, but the rest of the business should grow. Kromek will remain profitable but gross margin will be lower. Regular orders from Siemens are expected in 2027. Net cash is £1.2m and there is no requirement for any share issues, because cash should build from this point. The share price improved 8.25% to 5.25p.
FALLERS
Litigation finance business Manolete Partners (LON: MANO) has warned that its figures will be significantly second half weighted. Fewer large cases have been won in recent weeks, but there are some due in the coming weeks. Full year expectations have been maintained, although Canaccord Genuity will be reviewing the figures at the time of the interims. The loan facility of £12.5m is fully drawn. The share price declined 15.2% to 97.5p.
Fiinu (LON: BANK) has entered an exclusive strategic partnership with Manx Financial (LON: MFG) subsidiary Conister Trust to launch Plugin Overdraft in the UK. It will be launched initially with one million plus retail customers and then rolled out to other customers. It will be branded “Conister Bank Plugin Overdraft®, powered by Fiinu“. There is a profit-sharing agreement. Manx Financial shares rose 2.82% to 36.5p. The Fiinu share price slipped 12.9% to 13.5p, which is below the recent placing price of 15p.
Star Energy (LON: STAR) generated cash from operations in the first half of 2025 with oil and gas production of 1.9mboe/day despite unplanned outages. The lower oil price meant revenues fell from £23.2m to £18.3m, while EBITDA was down from £5.5m to £4.5m, after £1m of investment in geothermal. The cash generated is going into growing the geothermal business in the UK and it has licences in Croatia. Zeus has estimated a total risked NAV of 50p/share. The share price fell 7.69% to 6p.