7th May 2025 10:39
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
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SMALL-CAP - WINNERS
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Gulf Marine Services PLC, up 5.9% at 17.68 pence, 12-month range 14.15p-22.00p. The provider of self-propelled and self-elevating support vessels for the offshore energy says said first-quarter revenue has risen 14% to USD42.3 million from USD37.1 million. Its adjusted Ebitda has shoots up 21% to USD25.6 million from USD21.2 million. "Adjusted Ebitda guidance for 2025 remains in the range of USD100-108 million. As for 2026, and while we are still closely monitoring the global economic news, we are targeting an Ebitda in the range of USD105-115 million," Gulf Marine says.
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Carr's Group PLC, up 1.9% at 131.40 pence, 12-month range 101.35p-150.00p. The agricultural products manufacturer reports a first-half earnings improvement. Pretax profit in the six months to February 28 jumps to GBP7.7 million from GBP1.8 million. Revenue increases 7.0% to GBP50.6 million from GBP47.3 million. Carr's in January announced the sale of the bulk of its Engineering division to Cadre Holdings Inc for GBP75 million. The sale completed last month. "The group will instigate the return of up to GBP70 million cash to shareholders through a tender offer process. The process is expected to be complete (subject to shareholder approval) by early July," Carr's adds. In addition, it says Chief Executive Officer David White will step down from June 30. Josh Hoopes, currently CEO Global Agriculture, will be appointed group CEO.
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SMALL-CAP - LOSERS
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Card Factory PLC, down 3.2% at 96.40p, 12-month range 73.00p-144.25p. It hails its "strength and resilience" as it reports a rise in annual revenue, but a slight profit decline. Pretax profit in the year to January 31 falls 2.3% to GBP64.1 million from GBP65.6 million. On an adjusted basis, however, it rises 6.3% to GBP66.0 million from GBP62.1 million. The greeting card seller's revenue increases 6.2% to GBP542.5 million from GBP510.9 million. "Our performance in FY25 demonstrates the strength and resilience of cardfactory and our strategy as we continue to evolve the business into a leading global celebrations group. We delivered strong revenue growth, outperforming the wider celebration occasions market. Further expansion of our store estate combined with continued development of our gift and celebration essentials categories, were key drivers of our performance," CEO Darcy Willson-Rymer says. "As we move into FY26, good momentum has continued during our Spring seasons. Despite an uncertain and inflationary backdrop, we remain confident in our ability to deliver mid-to-high single-digit percentage profit growth, underpinned by our strategic focus, our ongoing productivity and efficiency programme and our strong financial discipline. I want to thank our dedicated colleagues whose passion and focus on helping our customers celebrate life's moments, continues to drive our success." For the new year, it expects a "mid-to-high single-digit percentage" hike in adjusted pretax profit.
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By Eric Cunha, Alliance News news editor
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