23rd Feb 2026 10:51
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.
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AIM - WINNERS
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Empyrean Energy PLC, up 12% at 0.081 pence, 12-month range 0.017p-0.18p. The oil and gas company, with interests in Australia, Indonesia, and the US settles binding documentation for a settlement of historical cash call arrears with Conrad Asia Energy Ltd. Conrad Asia Energy's subsidiary West Natuna Exploration Ltd operates the Duyung production sharing contract and the Mako gas field in Indonesia. The development means Conrad has satisfied all conditions for a farm-out, triggering the cash payment of USD5.0 million to WNEL. "This is the first instalment of the agreed upfront cash consideration of USD16 million under the farm-out. This will be followed by a subsequent payment of USD4.0 million to WNEL in 30-45 days. The final payment of USD7.0 million will be paid to WNEL upon production, currently targeted for late 2027," Empyrean adds. Under an agreement with Conrad, Empyrean is entitled to 8.5% of all cash payments to WNEL.
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TheWorks.co.uk PLC, up 6.1% at 38.30p, 12-month range 17.13p-67.50p. Kelso Group Holdings PLC has increased its stake in the firm to 7.0% from 6.6% and believes it is one of the most undervalued stocks in the UK. Despite a "continued improvement in performance, driven by strong operational management" Kelso noted that The Works is currently trading on an enterprise value to Ebitda multiple of 1.65 times and a revenue multiple of 0.05 times. Kelso shares were down 5.1%.
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AIM - LOSERS
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Victoria PLC, down 12% at 23.05p, 12-month range 22.10p-121.60p. The flooring company says it expects annual profit below consensus, after enduring tough trading conditions in the first half of last month. For the financial year that concludes in late March, Victoria expects to report post-IFRS16 earnings before interest, tax, depreciation and amortisation of around GBP95 million, compared to consensus of GBP110.7 million. In financial 2025, its underlying Ebitda, on a post-IFRS16 basis, was GBP113.7 million. Victoria says trading in the first half of January was hurt by "weak consumer confidence and weak footfall at our end customers due to geopolitical events across our key markets". "Whilst recent weeks have shown improvements in trading, the board now expects Q4 revenue to be below its previous expectations and approximately 5% below FY25," it says. In the third quarter, revenue fell 3%, the pace of decline easing from 7% in the first half. It adds: "Management's immediate focus remains on delivering EBITDA improvement initiatives within our control. The first sales from the new V4 ceramics line in Spain are being delivered in Q4, which will drive growth and improved Ebitda in our Spanish ceramics business through FY27 and beyond. The relocation of rugs manufacturing from Belgium to Turkey also continues to progress in line with expectations, albeit shipping disruptions have been greater than anticipated. The first stages of integrating our UK Underlay businesses and Australian businesses announced at the HY results are also expected to be completed before the end of March."The currently disclosed Ebitda improvement initiatives remain on track, and further Ebitda improvements have been identified across the divisions and will be quantified as part of the ongoing budget process," it says.
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By Eric Cunha, Alliance News news editor
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Related Shares:
EmpyreanTheworks.co.uk.Kelso Grp HldgVictoria