23rd Sep 2025 11:11
(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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Ascent Resources PLC, up 69% at 0.51 pence, 12-month range 0.26p-2.40p. The oil and gas exploration and production company with principle assets in Slovenia says it has been notified in relation to its energy charter treaty claim that the arbitration tribunal has no further questions for the involved parties. As a result, no further substantive submissions are expected in the proceedings, and the tribunal must render its award within 240 days of the last submission in the proceedings. As the parties submitted their last submissions in July, this means the tribunal's award on merits is currently expected to be received at the end of the first quarter of 2026. The claim against the Republic of Slovenia was filed in 2022, alleging that Ascent's investments had been "unfairly targeted and expropriated by Slovenia". Ascent said that a 2020 change to the country's mining laws, which prohibited the exploration of hydrocarbons using hydraulic stimulation, also known as fracking, had "destroyed the value of the company's investments in the Slovenian energy sector". Following a damages assessment, the company said it was seeking EUR656.5 million from the Slovenian government.
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Tap Global Group PLC, up 39% at 1.94p, 12-month range 0.80p-2.98p. The London-based provider of app-based cryptocurrency payment and settlement services expects to report revenue of around GBP3.4 million for the year that ended June 30, which would be up 30% from the year before, reflecting "continued user growth and product momentum across the platform". The firm adds that its income for the year will be further boosted by around GBP420,000 from bitcoin recovery. After stripping out one-off expenses associated with Tap Global's AIM listing in June and non-cash share option expenses, the company also expected to be materially positive in earnings before interest, tax, depreciation and amortisation for the full year. "Tap Group is leading the way in providing a platform that allows both consumers and businesses to bridge the gap between traditional finance and blockchain technology and we have a number of exciting developments in the pipeline to propel growth in the current financial year and beyond," says Chief Executive Officer Arsen Torosian. Full-year results will be published "in due course".
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AIM - LOSERS
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System1 Group PLC , down 34% at 265.00p, 12-month range 252.51p-749.00p. The London-based marketing firm expects first-half revenue around 5% lower than the year before, due to a planned reduction in its non-platform business, and notes lower "but ongoing" spending from many of its largest clients as a result of US trade tariff uncertainty. Full-year results for financial 2026 are expected "materially below" current market expectations, with revenue expected in line with the GBP37 million reported for the year before and full-year adjusted pretax profit anticipated between GBP2.0 million to GBP2.5 million, down from GBP5.3 million in financial 2025. The firm says trading in the second quarter to September 30 has continued broadly in line with the first quarter, with platform revenue expected at a similar level to the GBP16.7 million posted the year before. This second-quarter performance was also the result of a slowdown in spend, as well as exchange rate headwinds, which have impacted reported US dollar revenue, System 1 explains. The board remains confident in the company's long-term growth prospects, and began a GBP2 million investment in future growth during financial 2025, which it says has now largely been committed.
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By Emily Parsons, Alliance News reporter
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Related Shares:
System1 GroupTap GlobalAscent Resources