22nd Jul 2025 10:32
(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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Surface Transforms PLC, up 49% at 1.38 pence, 12-month range 0.15p-2.05p. The Liverpool-based producer of carbon-ceramic automotive brake discs expects revenue for the six months that ended June 30 to be around GBP8.1 million, rising 72% from GBP4.7 million the year before. This was the result of "a pivotal change in manufacturing yield and output", as average manufacturing yield increased to 77% in the second quarter from 49% in the first quarter. Total cash advances to June 30 are GBP12.9 million, with repayments expected to begin in the second half of 2025. "Since November 2024, the board has been focused solely on operational improvement and cash management," explains Chief Executive Officer Kevin Johnson. "During Q2 2025 we started to deliver sustainable improvements in output, yield and quality and we are cautiously confident this level of performance will be maintained in the second half of the year and beyond. We remain mindful that there is room for further operational improvements which in turn will ease the financial stress the business has endured." Looking ahead, second-half revenue is expected to grow 20% from the first half. The firm also anticipates receiving GBP2.5 million in cash from VAT receipts and research and development credits, and expects to reduce customer cash advances by about 20%. Expects gross cash of around GBP1.0 million at the year-end.
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SpaceandPeople PLC, up 17% at 144.50p, 12-month range 80.00p-150.00p. The Glasgow-based promotional and short-term retail space provider says revenue in the six months to June 30 is GBP3.7 million, rising 28% to GBP2.9 million the year before. Also delivers "a significant upswing to a break even position" during the six-month period, against a GBP200,000 loss a year prior. The group now anticipates full-year pretax profit of roughly GBP500,000 on revenue of around GBP8.3 million. Net cash at June 30 was GBP750,000 against negative GBP400,000 a year earlier. SpaceandPeople will release its interim results during the week beginning September 15.
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AIM - LOSERS
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Fulcrum Metals PLC, down 30% at 3.25p, 12-month range 3.10p-15.00p. The Canada-focused exploration firm raises a total of GBP1.0 million before expenses through a placing and direct subscription at 3 pence per share. The fundraise includes a GBP175,000 strategic investment by mineral developer Metals One for around a 5.9% stake in Fulcrum Metals. Metals One will be a potential future collaborative partner in reviewing projects for assessment with Extrakt Process Solutions LLC, in the application of Extrakt's technology beyond Fulcrum's current projects in Canada. "This funding strengthens our financial position and enables exciting phases of work to advance the Teck Hughes project on two important value milestones - resource definition and the potentially significant additional value of the optimisation phase using Extrakt's innovative technology," says Fulcrum Metals Chief Executive Officer Ryan Mee.
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By Emily Parsons, Alliance News reporter
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Related Shares:
Surface TransformsSpaceandPeopleFulcrum MetalsMetals One