Author: Fiona Craig

Invinity Energy Systems (LSE:IES) has reported its interim results for the first half of 2025, recording revenue of £2.0 million and a notable reduction in operating losses. The company has advanced efforts to lower battery costs and expand its order book, securing new customer orders totaling 11.7 MWh. Strategic investments from Atri Energy and Next Gen Mobility have strengthened Invinity’s cash position to £39.7 million.

The company is focused on scaling its operations globally, with particular attention to the UK Cap and Floor Scheme, which could support up to 1,000 jobs in Scotland. Invinity is also growing partnerships in India and China to meet rising demand for long-duration energy storage solutions.

Despite these strategic achievements, Invinity continues to face financial challenges, including ongoing losses and pressure on revenue growth. Technical indicators show a mixed outlook, with some short-term bullish signals, while valuation remains difficult due to negative earnings and no dividend payments.

About Invinity Energy Systems

Invinity Energy Systems plc is a global leader in the manufacture of vanadium flow batteries, designed to provide large-scale, high-throughput energy storage for businesses, industries, and power grids. Their factory-built batteries are engineered to operate continuously for over 30 years without degradation, making them ideal for demanding renewable energy applications. Formed in April 2020 through the merger of redT energy plc and Avalon Battery Corporation, Invinity operates in major energy storage markets including the UK, Canada, USA, and China.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Tower Resources PLC (LSE:TRP) has reported its interim results for H1 2025, highlighting notable progress across its African operations in Cameroon and Namibia. The company finalized farm-out agreements for its Thali license in Cameroon and PEL96 in Namibia, attracting significant investment from Prime Global Energies Limited.

Although government approvals have experienced delays, Tower Resources remains optimistic about beginning drilling operations in Cameroon by early 2026. In Namibia, the company is moving forward with seismic data acquisition plans. Meanwhile, in South Africa, discussions for a joint venture license are ongoing, though no substantial progress has yet been made.

About Tower Resources

Tower Resources PLC is an Africa-focused energy company specializing in the exploration and development of oil and gas assets. The company holds interests in offshore licenses in Cameroon and Namibia and participates in joint ventures in South Africa, aiming to expand its presence in the African energy market.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Oracle Power PLC (LSE:ORCP) has signed a binding Right to Mine and Co-Operation Agreement with MEGA Resources and Bain Global Resources for the Northern Zone Gold Project in Western Australia. Under the arrangement, MEGA Resources will fully fund the project, providing mining, geological, and engineering support, while profits will be split equally between Oracle, Riversgold, and the partners.

The agreement removes the need for Oracle to provide upfront capital and allows the company to participate in potential profits from the project. This partnership is expected to accelerate gold extraction and expand drilling operations, strengthening Oracle’s position in the region.

About Oracle Power PLC

Oracle Power PLC is an international mining project developer with a focus on gold exploration and production. Operating through its subsidiaries, the company forms strategic partnerships to advance mining projects, including the Northern Zone Gold Project in Western Australia.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Strix Group (LSE:KETL) has released its interim results for the first half of 2025, showing strong performances in its Billi and Consumer Goods divisions, while the Controls segment faced headwinds from macroeconomic and geopolitical challenges. Revenue declined by 6.4% at constant exchange rates, and the company experienced higher net debt alongside tighter profit margins.

In response, Strix is advancing strategic initiatives such as geographic expansion and new product launches, while actively managing debt and navigating market volatility. Despite the hurdles, the company maintains confidence in its medium-term outlook, focusing on resilience and opportunities from a potential market recovery.

Financially, Strix faces ongoing challenges with profitability and revenue growth. Technical indicators point to a lack of momentum, and valuation metrics remain weak due to negative earnings and no dividend yield. The absence of recent earnings call or corporate event data limits further insight.

About Strix Group

Founded in 1982 and headquartered in the Isle of Man, Strix is a global leader in designing, manufacturing, and supplying kettle safety controls and other water heating, temperature control, steam management, and water filtration devices. Its brands, including Aqua Optima, LAICA, and Billi, provide market-leading water solutions worldwide. Strix is listed on the AIM Market of the London Stock Exchange.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Novacyt S.A. (LSE:NCYT) has released its unaudited interim results for the first half of 2025, highlighting a period of consolidation aimed at supporting long-term growth. The company saw a modest rise in underlying group revenue, largely driven by strong demand for its reproductive health products in the APAC region. While statutory revenue decreased slightly, Novacyt successfully reduced its EBITDA loss through targeted cost-saving measures.

During the period, the company launched the LightBench® Discover instrument for genomic research laboratories, which has achieved promising early sales. Additionally, Novacyt received EU accreditation for its Yourgene QST*R Base assay, underlining its commitment to high-quality standards. With a solid balance sheet, the company is well-positioned to continue investing in R&D and expanding global adoption of its products.

About Novacyt S.A.

Novacyt S.A. is an international molecular diagnostics company offering a comprehensive portfolio of integrated technologies and services, with a focus on genomic medicine. The company develops, manufactures, and commercializes molecular assays and instrumentation, providing end-to-end solutions for human health, animal health, and environmental applications. Novacyt operates across three business segments—Clinical, Instrumentation, and Research Use Only—and maintains a presence in over 65 countries worldwide.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Eurasia Mining PLC (LSE:EUA) has posted a record profit before tax of £6.4 million for the first half of 2025, driven by increased output at the West Kytlim mine and the extension of the NKT licence. The company has doubled its enrichment capacity and enhanced logistics, resulting in higher production volumes. Strong platinum market dynamics, including a continuing supply deficit, have contributed to favourable pricing and strengthened Eurasia’s market position. Additionally, the company secured a secondary listing on the Astana International Exchange, broadening its market reach and providing greater liquidity opportunities for shareholders.

Despite these achievements, Eurasia Mining’s outlook is tempered by ongoing financial challenges, including inconsistent cash flow and previous periods of negative profitability. Technical indicators suggest bearish momentum, while valuation metrics remain unattractive due to a negative P/E ratio and absence of dividend yield.

About Eurasia Mining

Eurasia Mining PLC is a precious metals producer with significant operations in the Urals and Arctic regions. Its core assets include the West Kytlim and NKT mines. The company focuses on platinum group metal enrichment and is actively pursuing production expansion and additional permitting to enhance its mining operations and long-term growth prospects.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Zephyr Energy (LSE:ZPHR) has released its interim results for H1 2025, reporting strong progress on its Paradox Basin project in Utah. The company successfully drilled the State 36-2R well, achieving a peak production rate of 2,848 barrels of oil equivalent per day, highlighting the project’s significant potential. Zephyr is moving toward commercial production and is actively engaging with partners to accelerate further drilling.

In addition, Zephyr completed a US$7.3 million acquisition of producing assets in the Rocky Mountain basins, aimed at strengthening its competitive position and financial performance. This transaction is supported by a US$100 million strategic partnership, designed to drive growth in Zephyr’s non-operated portfolio and support broader expansion efforts.

Despite these operational achievements, Zephyr’s financial outlook is challenged by negative profitability and cash flow pressures. Technical indicators remain bearish, and valuation metrics are weak, weighing on investor sentiment.

About Zephyr Energy

Zephyr Energy plc is a technology-driven oil and gas company focused on responsible resource development in the Rocky Mountain region of the U.S. The company manages a 46,000-acre lease in the Paradox Basin, Utah, and holds interests in producing wells across the Williston Basin in North Dakota and Montana. Zephyr aims to generate cash flow from its non-operated assets to fund Paradox Basin development while pursuing strategic acquisitions to grow its portfolio.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Verici Dx (LSE:VRCI) has marked a milestone in the first half of 2025 by generating initial revenues from its flagship product, Tutivia™, a diagnostic test for acute post-transplant rejection. The company secured £6.35 million in funding to support commercial expansion, extending its cash runway into the second half of 2026. Tutivia™ has received Medicare coverage, enabling broader adoption across transplant centers in the US. With commercial operations scaling up, Verici Dx anticipates a significant increase in testing volumes in H2 2025 and beyond.

Financially, the company continues to face challenges related to ongoing losses and cash flow pressures. While technical indicators are neutral, valuation remains weak due to negative earnings, highlighting the need for careful financial management during this growth phase.

About Verici Dx Plc

Verici Dx plc develops advanced clinical diagnostics for organ transplant patients, with a particular focus on kidney transplants. Its test portfolio leverages RNA sequencing technology to evaluate rejection risk and improve patient outcomes. Key offerings include Tutivia™, for detecting acute post-transplant rejection, and the Pre-Transplant Risk Assessment (PTRA) test, which is licensed to Thermo Fisher.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Cadence Minerals (LSE:KDNC) has secured £2.34 million in funding through a combination of equity subscriptions and contributions from directors, providing the resources needed to restart operations at the Azteca Plant in Brazil. The financing is expected to generate meaningful cash flow, supporting the company’s Definitive Feasibility Study and initial works on the Amapá Project. This move strengthens Cadence’s financial position and lays the groundwork for sustained operational growth.

About Cadence Minerals

Cadence Minerals PLC is an investment and development company in the mining sector, with a focus on advancing mineral resource projects. Its flagship interest is the Amapá Iron Ore Project in Brazil, a fully integrated operation that includes mining, rail, port, and beneficiation infrastructure.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Legal & General (LSE:LGEN) has appointed Andrew Kail as its next Group Chief Financial Officer, effective December 1, 2025, succeeding Jeff Davies, who is stepping down. Kail, who joined L&G in 2021, brings a wealth of experience from his career at PwC and his senior leadership roles within the company. His appointment is viewed as a strategic step to reinforce L&G’s financial strength and growth ambitions, with his in-depth knowledge of the business expected to support both operational execution and long-term strategy.

Despite the leadership transition, Legal & General continues to face challenges tied to declining revenues, weaker profitability, and liquidity concerns. Market indicators suggest a bearish outlook, while a high price-to-earnings ratio points to potential overvaluation. These pressures are somewhat balanced by the company’s attractive dividend yield, though limited corporate updates and the absence of earnings call insights restrict further clarity.

About Legal & General

Founded in 1836, Legal & General is one of the UK’s most established financial services groups and a leading global investor, overseeing £1.1 trillion in assets. The group has a strong presence across Institutional Retirement, Retail Savings and Protection, and Asset Management, with a focus on responsible investment practices and meeting the long-term savings needs of its customers worldwide.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.