News blog

AIM 50 Digest 18 July 2025

BY: Andrew Hore |
POSTED: 20/07/2025 |

Ticketing technology provider accesso Technology (ACSO) says that the full year revenues will be at the lower end of guidance. Weak attendance levels for customers reduced transaction revenues. This is the most important trading period. Cash EBITDA margin I still expected to be 15%. A customer says that it will not be renewing one of its agreements and that will reduce 2026 gross profit by $6m. There are some new contract wins. Following a share price slump, Peel Hunt upgraded to Add.
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Construction products distributor Brickability (BRCK) increased revenues from £594.1m to £637.1m in the year to March 2025, helped by acquisitions. Pre-tax profit improved from £35.3m to £37.8m. Renewable energy and contracting products increased revenues, offsetting a dip in bricks revenues.
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Central Asia Metals (CAML) reports first half copper production at Kounrad of 6,218 tonnes, plus 8,692 tonnes of zinc-in-concentrate and 12,613 tonnes of lead-in-concentrate produced at Sasa. Exploration is underway in Scotland and Kazakhstan. Net cash was £42.9m at the end of June 2025. The has increased its offer for New World Resources a number of times and the latest figure is A$0.065/share.
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Johnson Services Group (JSG) says interim revenues were just over 5% ahead at £257.6m with growth from hotel and catering and workwear divisions. Organic growth was 1%. The hotel and catering operations started the summer more slowly than anticipated because of the weak hospitality market, although there are signs of improvement. Workwear volumes are stable. Net debt was £99m at the end of June 2025. The interim will be announced on 2 September. JSG expects to move to the Main Market on 1 August.
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MP Evans (MPE) has completed the acquisition of two Indonesian plantation companies. The own 2,750 hectares. The final consideration is $35.1m, or $12,600 per hectare.
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GlobalData (DATA) plans a tender offer of up to £60m at 150p/share after the interims are announced. Interim revenue rose from £140m to £157m. The weakness of the US$ is hitting the results. There are still plans to move to the Main Market before the end of the year.
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Impax Asset Management (IPX) reported assets under management for June 2025 of £26.1bn, which is up 3% over the quarter. The completion of the acquisition of SKY Harbour added £1.08bn. The majority of funds under management have outperformed their benchmarks, so far this year.
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Video games developer Everplay (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. Bernberg has raised its share price target from 380p to 400p. Barclays increased its share price target from 310p to 435p. The interims will be published on 2 September.
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Offshore services provider Ashtead Technology (AT.) grew first half revenues 23% to £99m, but that is a pro forma decline of 6%. Margins have improved thanks to operational synergies and reduction in low margin equipment sales. Underlying full year EBITDA is likely to be slightly lower than forecast, but pre-tax profit should be in line with expectations of £49.2m. The medium-term outlook is positive. The interims will be published on 26 August.
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Defence company Cohort (CHRT) increased full year revenues by one-third to £270m, while earnings are 27% higher at 54.44p/share. The dividend is 10% higher at 16.3p/share. Net cash of £5.3m was better than expected. The order book was worth £616.4m at the end of April 2025, which means that 79% of this year’s forecast revenues are covered. There are opportunities from the UK Strategic Defence Review. This year’s earnings will be ahead of expectations.
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Airline and tour operator Jet2 (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.
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Niox Group (NIOX) says research revenues doubled in the first half of 2025. Overall revenues were one-fifth ahead at £25.2m. EBITDA is 30% higher at £9.2m. Net cash was £11.8m at the end of June 2025.
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Oil and gas explorer Pantheon Resources (PANR) has contracted a drilling rig for the Dubhe-1 appraisal well targeting the Ahpun Topset. 2C contingent resources are estimated at 282 million barrels of Marketable Liquids and 804 billion cubic feet of natural gas.
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Polar Capital (POLR) increased assets under management from £21.4bn to £23.2bn in the quarter to June 2025. The improvement came from market performance.
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Advanced Medical Solutions (AMS) expects interim revenues to increase from £68m to £110m, while EBITDA should improve from £18.2m to more than £24m. The interims will be published on 17 September.
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Next 15 Group (NFG) is selling subsidiary BYND Ltd, which focuses on Google Cloud platform marketing, to Qodea.
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Young and Co Brewery (YNGA) increased like-for-like revenues by 7% in the first 14 weeks of the current financial year, helped by good weather.
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Rockhopper Exploration (RKH) is confident that it will receive the full Euro31m insurance payment following the annulment of an award after unsuccessful arbitration in Italy.
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Chief executive James Routh is leaving AB Dynamics (ABDP) to become boss of fully listed Victrex. His notice period is 12 months, and he will leave when a replacement is selected. Finance director Sarah Matthews-DeMers bought 1,000 shares at 1544p each.
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CVS Group (CVSG) chief executive Richard Faiman bought 1,644 shares at 1216p each.

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