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Tandem Group (LSE:TND) reported a 6.2% increase in revenue for 2025 to £26.2 million, supported by strong performance in its bicycles, golf, and home and garden segments. The gains helped offset weaker demand in toys, sports and leisure, where sales were affected by softer discretionary spending and changing purchasing patterns among retailers.

The company also strengthened its financial position during the year. Gross margins improved, net debt was reduced by more than half to £1.9 million, and Tandem returned to statutory profitability, reporting diluted earnings per share of 15.4p. The board has proposed reinstating a dividend of 3.0p per share and noted a positive start to trading in 2026. In addition, the group announced a board transition, with chair Steve Grant set to step down and be replaced by non-executive director Jonathan Crookall at the upcoming AGM.

Bicycle sales were a major driver of growth, rising 37.5% to £10.2 million as demand for both electric and traditional bikes remained strong, supported by the launch of the HOY range. In the toys and leisure division, online marketplace sales increased significantly even though overall segment revenue declined. The home and garden segment delivered a 30.1% increase in sales, driven by strong demand for heating and cooling products during periods of extreme weather, while golf revenue rose 8.6% on the back of product innovation and new ranges.

These improvements helped lift operating profit before exceptional items to £968,000 and increased net assets to £26.1 million. Tighter inventory management also reduced stock levels, further strengthening the balance sheet.

Despite the operational progress, Tandem’s outlook is influenced by valuation and market signals. The company’s relatively high P/E ratio suggests potential overvaluation, while recent insider share purchases provide a supportive signal. However, the absence of dividend yield historically and negative cash flow remain factors weighing on the overall assessment.

More about Tandem Group plc

Tandem Group plc is a UK-listed designer, developer, distributor and retailer of sports, leisure and mobility products. Its portfolio spans bicycles, toys, sports and leisure equipment, golf products, and home and garden ranges. The company sells through a mix of retail partners and direct-to-consumer channels, including its Electric Life brand showroom and online platform.

Predator Oil & Gas (LSE:PRD) reported gross oil sales of US$337,071 for February from its four onshore fields in Trinidad. Output was supported by production from recently drilled development wells BON-18 and BON-19, along with the reactivation of six previously inactive wells.

The company expects oil sales prices for March to be 25% to 35% higher as global oil markets strengthen. Higher realised prices could lift revenues and allow the group to utilise more of its historical tax losses, lowering the effective Petroleum Profit Tax rate applied to its Trinidad operations.

Predator is continuing to advance its operational programme across the portfolio. Work is underway to log and complete the new BON-20 well across several oil-bearing zones, while six workovers are planned across the Inniss-Trinity and Goudron fields. The company has also increased swabbing frequency to improve production and intends to bring the Jacobin-1 well back online once a workover rig becomes available.

In addition, the group is assessing back-to-back drilling opportunities at the Bonasse field to improve rig utilisation and is progressing scheduling for the SC-3 Snowcap appraisal and development well in Morocco. These activities are intended to expand production capacity while positioning the company to benefit from higher oil prices.

Despite operational progress, Predator’s outlook remains constrained by weak financial fundamentals, including the absence of revenue at the group level, ongoing losses and continued cash burn, although the company maintains a relatively low-debt balance sheet and reported some improvement in 2024. Technical indicators offer moderate support, with the share price trading above key longer-term moving averages and a positive MACD signal, though momentum indicators suggest the stock is approaching overbought levels. Valuation remains limited by the company’s loss-making position and the lack of dividend support.

More about Predator Oil & Gas Holdings Plc

Predator Oil & Gas Holdings Plc is a Jersey-based oil and gas company focused on onshore hydrocarbon production in Trinidad and gas appraisal and development opportunities in Morocco. Its Trinidad portfolio includes mature producing fields with potential for production enhancement, while its Moroccan assets target shallow biogenic gas resources benefiting from attractive pricing, supportive fiscal terms and access to existing export infrastructure.

Cohort (LSE:CHRT) announced that its Australian subsidiary EM Solutions has been awarded a AU$21.7 million contract to deliver Cobra and King Cobra satellite communications terminals to the Portuguese Navy. The equipment will support mid-life upgrades of Vasco da Gama-class frigates as well as several new naval construction programmes, with deliveries scheduled through to 2030.

The contract was awarded through the multinational M-Frigate Users Group, with the Netherlands acting as the contracting authority. The agreement further strengthens EM Solutions’ reputation as a provider of advanced naval satellite communications systems and adds to Cohort’s growing order book, improving revenue visibility for the coming years.

The award highlights increasing demand from navies for resilient, high-speed and long-range communication systems capable of supporting modern maritime operations. By expanding its presence within an established European naval fleet and participating in international cooperative procurement frameworks, Cohort is reinforcing its competitive position in the defence technology sector while providing greater certainty around future revenue streams.

Cohort’s outlook is supported by strong financial performance, including robust revenue growth and a balance sheet that remains conservatively leveraged. Technical indicators are generally favourable, with the share price showing strong trend momentum and a positive MACD signal, although elevated RSI and stochastic readings suggest some near-term risk of overextension. Valuation remains a limiting factor due to a relatively high P/E ratio and a modest dividend yield.

More about Cohort plc

Cohort plc is an independent defence technology group listed on London’s AIM market. The company develops and supplies communications, intelligence, sensor and effector systems for military and security customers worldwide. Through seven subsidiaries across the UK, Europe, Australia and North America, Cohort provides capabilities including naval communications, electronic warfare, sonar, surveillance and other advanced defence technologies to domestic and export markets.

Ceres Power Holdings (LSE:CWR) will hold a capital markets event in London on 15 April for analysts and institutional investors, where it plans to present its strategic outlook for on-site power and hydrogen markets while outlining its competitive positioning. The company is also set to introduce its next-generation solid oxide platform for both power generation and electrolysis, highlighting the technology as a key driver of its next stage of commercial growth.

During the event, management intends to discuss rising demand for on-site power solutions from commercial, industrial and data centre operators. Ceres will outline how its technology could address this demand, positioning its solid oxide systems as part of the broader shift toward decentralised power generation and hydrogen-based energy systems.

The presentation is expected to place the new product platform within wider industry trends, including the expanding role of hydrogen and distributed energy solutions. The company will also update investors on its plans to scale deployment, strengthen partnerships and expand its role within the clean energy ecosystem.

Ceres’ outlook is supported by a relatively strong financial position, including low leverage and a solid equity base, alongside robust revenue growth. However, the company continues to report losses and cash outflows, which weigh on overall financial performance. Technical indicators remain mixed, while valuation metrics are constrained by negative earnings and the absence of dividend support. Recent earnings discussions highlighted progress in commercialisation and cost-reduction initiatives, though uncertainties around order intake and revenue recognition remain key risks.

More about Ceres Power Holdings

Ceres Power Holdings is a UK-listed clean energy technology company specialising in solid oxide fuel cells for power generation and electrolysers used to produce green hydrogen. The company operates an asset-light licensing model, partnering with global industrial groups to support the electrification of data centres and commercial and industrial facilities while helping decarbonise sectors such as ammonia production, steelmaking and electrofuels.

Quadrise (LSE:QED) reported a loss after tax of £2.0 million for the first half of FY2026 but finished the period with a stronger financial position, holding £4.0 million in cash and total assets of £8.3 million. The increase reflects continued investment in production capabilities and technology development as the company prepares for wider commercial deployment of its low-carbon fuel solutions.

The group remains focused on building both demand and supply around major marine bunkering hubs while also modernising its technology platform. As part of this effort, Quadrise is digitising two decades of testing data and expanding research collaborations aimed at accelerating AI-driven fuel formulation and biofuel innovation.

During the period, the company made progress across several operational initiatives. These include steps toward vessel trials with MSC and Cargill, preparations for ISCC certification of its bioMSAR™ fuel, and international expansion through a new branch in Belgium as well as project activity in Morocco, Central America and Utah. Management said the combination of technical demonstrations, new partnerships and a broader operational footprint positions the company to move toward commercial-scale deployment in 2026.

The strategy centres on securing early customers and establishing long-term supply chains as global demand grows for cost-effective, lower-carbon fuels in shipping and heavy industry.

However, the company’s outlook remains constrained by weak operating fundamentals, including limited revenue, continuing losses and ongoing cash burn, although its balance sheet carries relatively low leverage. Technical indicators also remain weak, with the share price trading below key moving averages and a negative MACD signal. Valuation metrics provide limited support due to negative earnings and the absence of dividend yield.

More about Quadrise Fuels International

Quadrise Plc is a technology company focused on reducing emissions in shipping and heavy industry through its MSAR® and bioMSAR™ emulsion fuels and biofuel technologies. The company develops low-emission, cost-efficient fuel solutions for global shipping, power generation, industrial and refining markets, targeting customers seeking to cut greenhouse gas emissions without significant capital investment.

Caspian Sunrise (LSE:CASP) has reached an agreement to acquire 100% of Kazikhan Limited, a company holding manganese and gold mineral licences in central Kazakhstan. The transaction includes an initial consideration of $25 million in shares, with total potential value rising to as much as $45 million depending on the future certification of gold reserves.

Kazikhan’s assets include the Borly open-pit manganese mine, which holds state-confirmed probable reserves of roughly 8 million tonnes, and the Zhambas prospect, where C2-category gold reserves have been identified. These reserves, however, have not yet been reported under JORC standards.

At present, Borly produces around 1,000 tonnes of manganese ore per month. Caspian Sunrise plans to invest approximately $4.5 million in additional washing and crushing equipment to expand capacity to as much as 20,000 tonnes per month. The upgrade is expected to be funded primarily through industry prepayments alongside a $1 million secured interim loan.

The acquisition is classified as a related-party transaction involving members of the Oraziman family and will be structured through an initial share-based payment with further deferred share consideration tied to project milestones. The company said the move is designed to broaden its revenue base, reduce reliance on oil markets affected by sanctions, and potentially create additional value if the gold resources are formally certified or divested in the future.

Caspian Sunrise’s outlook reflects strong technical indicators and a favourable valuation profile, with the shares trading above key moving averages and a relatively low P/E ratio suggesting possible undervaluation. Financial performance remains mixed, however, as profitability has been offset by declining revenue and pressure on cash flows. Limited earnings call disclosures and fewer recent corporate updates also constrain deeper analysis.

More about Caspian Sunrise

Caspian Sunrise is an energy company primarily engaged in oil and gas operations in Kazakhstan. The group is now pursuing a broader diversification strategy by expanding into the mining sector. By developing manganese, gold and other metal assets with quicker potential cash flow and exposure to international commodity pricing, the company aims to reduce its dependence on the Kazakh oil and gas market, which has faced challenges linked to Russian sanctions.

Futura Medical (LSE:FUM) announced encouraging results from a four-week home user study evaluating its approved erectile dysfunction gel Eroxon alongside a new prototype formulation, Eroxon Intense. The trial involved 223 men in the UK, most of whom had mild to moderate erectile dysfunction, and showed that both products delivered meaningful improvements in erectile function compared with baseline. Participants also reported high satisfaction with erection hardness and duration, particularly when the gel was applied by a partner.

The study also demonstrated that Eroxon Intense produced a statistically stronger sensorial response during the first two minutes after application compared with the existing formulation. Both treatments were reported to be well tolerated by users and their partners. Futura said it plans to focus marketing on men under the age of 60 with mild to moderate erectile dysfunction, while highlighting partner involvement as part of foreplay.

The company has already submitted a Special 510(k) application to the U.S. Food and Drug Administration for Eroxon Intense and has gathered supporting data for regulatory filings across Europe. Decisions from regulators are anticipated during the first half of 2026.

Futura’s outlook is tempered by a sharply reduced FY2025 outlook outlined during its earnings call and a relatively short cash runway, alongside weak technical trend indicators. These factors are partly balanced by the company’s return to profitability in FY2024 and its debt-free balance sheet, although negative free cash flow continues to weigh on overall financial quality.

More about Futura Medical

Futura Medical is a UK-listed consumer healthcare company focused on the research, development and global commercialisation of topical gel-based treatments for sexual health. Its flagship product, Eroxon, is the only over-the-counter topical gel for erectile dysfunction. The company’s pipeline also includes Eroxon Intense and WSD4000, a candidate targeting female sexual dysfunction.

Great Southern Copper (LSE:GSCU) has released results from its Phase III scout reverse-circulation drilling programme at the Cerro Negro prospect in Chile, confirming high-grade silver and base-metal mineralisation extending about 1.5km south of the historic Mostaza mine. Every reported drill hole intersected notable silver mineralisation accompanied by copper, lead and zinc, including the discovery of a new near-surface copper–silver zone and several stacked silver–lead–zinc lenses that align closely with induced polarisation chargeability anomalies.

The assay results reinforce the company’s interpretation of a large hydrothermal system shaped by structural controls and composed of multiple mineralised lenses. They also support the effectiveness of geophysical targeting in identifying new drilling opportunities. Several high-priority areas along the Mostaza Fault Zone, as well as the nearby Monolith target area, remain largely untested. The new findings will feed into planning for an expanded Phase IV drilling campaign aimed at resource definition and further exploration, potentially increasing the overall scale and significance of the Cerro Negro project within the region.

Despite exploration progress, the company’s outlook continues to be constrained by weak financial fundamentals, including its pre-revenue status, widening losses and persistent negative free cash flow, although it benefits from having no reported debt. Technical indicators are mixed to weak, with the share price trading below its 20-day moving average and momentum indicators remaining subdued. Valuation metrics offer limited guidance due to the absence of meaningful P/E and dividend yield data.

More about Great Southern Copper PLC

Great Southern Copper is a London-listed exploration company focused on copper, gold and silver projects in Chile. Its flagship Especularita Project includes the Cerro Negro prospect and the historic Mostaza mine, located within the coastal metallogenic belt at low elevation with good access to infrastructure. The company currently holds an option to acquire a 100% interest in the Cerro Negro project.

Nativo Resources (LSE:NTVO) has resumed underground operations at its Bonanza gold mine in Peru, quickly encountering gold-bearing vein material within the first six metres of new development. Work is currently focused on a high-confidence target area within the Tesoro concession, where the company has begun selectively extracting and stockpiling mineralised rock to support near-term gold recovery.

Mining activities are being carried out by contractors Kuboc and Frasser, who are progressing narrow-vein development using high-precision techniques. The operation has achieved a 100% Half-Cast factor, a result that reduces dilution and helps maintain cost-efficient extraction. Early results from a structured sampling programme show a grade distribution weighted toward higher values, lending support to Nativo’s geological model and helping guide resource planning and the anticipated production ramp-up at Bonanza.

The company’s outlook remains constrained by weak financial fundamentals, including ongoing losses, negative equity, relatively high leverage compared with asset levels, and continued cash burn. Technical indicators provide some support following a strong short-term price rebound, though momentum appears stretched and the share price remains below the 200-day moving average. Valuation metrics also remain unfavourable due to negative earnings and the absence of dividend support.

More about Nativo Resources

Nativo Resources is a London-listed gold company focused on developing near-term mining and processing opportunities in Peru. Its strategy centres on primary gold mining, gold ore processing and tailings reprocessing, with growth expected from expanding operations on the Tesoro Gold Concession, including the Bonanza and Morrocota mines.

Quantum Helium (LSE:QHE) reported that its Sagebrush oil project produced 11,769 barrels during 2025, generating gross revenue of US$617,044 and approximately US$409,000 in net sales revenue. Production and sales levels remained consistent throughout the year, providing a stable revenue stream for the company.

Management said the project’s unhedged oil output forms a central part of its self-funding strategy. Supported by stronger global oil prices and improved subsurface understanding from a newly completed 3D seismic survey, the Sagebrush field is helping finance the company’s helium-focused activities. The cash flow from oil production is also expected to support preparations for an extended production test at the Sagebrush-1 well.

Operations at Sagebrush have continued in line with expectations into early 2026, with the company focusing on optimising current field performance while assessing additional drilling opportunities that could increase oil production in the future. By pairing near-term hydrocarbon revenue with its longer-term helium ambitions, Quantum Helium aims to strengthen financial discipline and lower funding risk for investors as it enters what it expects to be a busy operational phase.

Despite these developments, the company’s outlook remains constrained by weak financial fundamentals, including ongoing losses, fluctuating and declining revenue, and continued cash burn, even though the balance sheet carries no debt. Technical indicators offer some short-term support, with improving momentum and the share price trading above key moving averages, but valuation remains limited due to loss-making operations and the absence of dividend support.

More about Quantum Helium Limited

Quantum Helium Limited is an AIM-listed exploration, development and production company targeting helium, hydrogen and hydrocarbon resources. Its portfolio includes projects in the United States and royalty interests in Australia. The company’s strategy is to generate operating cash flow from oil and gas assets while advancing higher-potential helium exploration and development opportunities across its project base.