25th Mar 2025 10:10
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.
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AIM - WINNERS
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EKF Diagnostics Holdings PLC, up 7.2% at 21.95 pence, 12-month range 18.40p-33.80p. Pretax profit triples to GBP6.3 million in 2024, from GBP2.1 million in 2023, despite revenue for the year declining 4.6% to GBP50.2 million from GBP52.6 million, "reflecting the previously reported move away from lower margin products". The growth was driven to administrative expenses reducing 8.1% to GBP18.1 million from GBP19.7 million, as well as the firm recording no asset impairment charges, compared to GBP961,000 in 2023. Exceptional items were down to GBP352,00 from GBP2.8 million, other exceptional items were down to GBP22,000 from GBP1.3 million a year prior, and depreciation & amortisation decreased 15% to GBP4.7 million from GBP5.5 million. "The 2024 results reflect the positive effects of our rationalisation process and the benefits that a more simplified business with greater commercial focus on higher margin products and services can bring to the group," says Chair Julian Baines. "We have already delivered further significant improvements to our adjusted [earnings before interest, tax, depreciation and amortisation] margin and vastly improved cash generation, however we believe our five-year development plan will further improve these metrics, with sensible reinvestment into our key business divisions to drive organic growth and margin improvement." EKF on Tuesday also named Chief Product Officer Gavin Jones as its new chief executive officer, with immediate effect.
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AIM - LOSERS
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Galileo Resources PLC, down 12% at 0.90p, 12-month range 0.74p-1.35p. Completes the third phase of the drilling programme on the Shinganda licence in Zambia, in which Galileo has a 75% stake. Assay results, however, were "inconclusive in some areas due to poor diamond drill core and [reverse circulation] chip recoveries owing to unfavourable ground conditions". More than half of the Shinganda Splay structure remains undrilled, and Galileo notes that "sufficient work" has now been completed to warrant the launch of a phase four programme focused on the Main Fault target. "The drill programmes have confirmed the presence of mineralised dilation zones confined to the hematite-rich lithological unit associated with the Shinganda Splay. A better understanding of the scale of mineralisation will in time require further drilling both along strike to pick up the individual mineralised lenses and to test the full extent of each dilation zone," said Chair & CEO Colin Bird.
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Mission Group, down 7.1% at 26.00p, 12-month range 17.00p-32.00p. Swings to pretax profit of GBP2.9 million for 2024 from a GBP12.0 million loss in 2023. Turnover falls 2.9% to GBP190.3 million from GBP195.9 million, while total revenue grows 1.3% to GBP87.7 million from GBP86.6 million. Headline operating expenses reduce 3.6% to GBP78.6 million from GBP81.5 million, and the firm records no goodwill, business or intangible impairment costs for the year, against GBP10.4 million in 2023. "Trading in 2025 has started in line with our expectations. We remain cautious given the wider macro-economic uncertainty but I'm excited to see further progress against a number of initiatives already underway in 2025," says interim CEO Mark Lund. "I firmly believe these actions will further enhance the quality of the work we do and the value we can bring to our clients and look forward to seeing their impact as the year develops."
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By Emily Parsons, Alliance News reporter
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Related Shares:
Ekf DiagnosticsGalileo ResourcThe Mission Group