Octopus Renewables Infrastructure Trust PLC reported resilient financial and operational performance for the six months to 30 June 2026, with portfolio revenue 3% ahead of budget and EBITDA 6% ahead despite generation being approximately 1% below expectations. Solar output was 3% above budget and offshore wind 5% ahead, offsetting weaker onshore wind performance. Dividend cover improved to 1.38x after scheduled debt amortisation, supporting the Company’s FY2026 target dividend of 6.23p per share. Net asset value fell to £454.7m, or 86.18p per share, with a -5% NAV total return primarily reflecting revised long-term onshore wind generation assumptions, lower power price forecasts and higher discount rates. The diversified renewable energy portfolio comprises 39 assets and 740MW of capacity across five countries and five technologies, with 86% of forecast revenue over the next two years fixed or contracted, providing strong cash flow visibility. Looking ahead, management remains focused on its 2030 growth strategy, targeting 9–11% medium-to-long-term total returns through construction-stage investments, active asset recycling and capital growth. Asset sale proceeds are expected to support debt reduction towards the Company’s approximately 40% gearing target, while maintaining a fully covered and progressive dividend.

Star Energy Group PLC’s interim results investor update highlights a significant strengthening of the Group’s financial position, with the business moving from net debt to net cash while continuing to invest in growth. For H1 2026, operating cash flow increased 25% to £6.0 million, with cash of £15.7 million and net cash of £4.6 million at 30 June. Operating costs were reduced to £10.5 million, while an £8.5 million equity raise has provided additional capital to support the Group’s growth strategy. Star Energy is now focused on expanding its oil and gas production through organic development and targeted M&A, with management actively assessing producing assets in the North Sea and other jurisdictions. Key organic opportunities include the Singleton gas-to-wire project, expected online in October, and the Glenworth development, with an investment decision targeted for the end of 2026 or early 2027. The Group is also progressing plans to maximise recovery from its existing reserves, including further development opportunities at the Welton field. In geothermal energy, Star Energy is pursuing a capital-light UK development model supported by government grants and third-party infrastructure funding, with two utility-scale heat projects awaiting Green Heat Network Fund decisions. Full-year production guidance is 1,900–1,950 boepd, alongside approximately £6.6 million of cash capital expenditure and £1.3 million of Abington decommissioning costs. With a streamlined portfolio, improving cash generation and capital available for acquisitions, Star Energy is focused on building a larger, more diversified and cash-generative energy business.

FORGENT PLC provided an investor update on its expanded Phase II drilling programme at the 99%-owned Peak Hill gold-copper exploration project in Western Australia. Following encouraging Phase I results, which confirmed multiple shallow gold systems and copper mineralisation, the company has increased Phase II from approximately 130 holes and 8,700 metres to around 142 holes and 9,400 metres. Additional drilling is focused on Curly’s, where FORGENT is testing the continuity and scale of a standout Phase I gold intersection through tighter 20-metre step-outs. At Cathedral, the company has completed the first 26 holes of a planned 112-hole programme targeting a large, previously underexplored area between known mineralised prospects. Management highlighted Peak Hill’s strategic location in an established Western Australian mining district, with direct road access and three operating gold processing plants within approximately 100 kilometres, potentially providing a pathway to future monetisation if a commercial discovery is established. Drilling costs are running at approximately A$40 per metre, with the Phase II programme fully funded and no material cost increase expected from the additional holes. Initial assay results are anticipated over the coming weeks, with the active drilling programme allowing FORGENT to adapt quickly to encouraging results. The company remains focused on Peak Hill while retaining exploration upside across its wider portfolio, including Mount Shoal and Green Rock.

Prospex Energy PLC provided an investor update on its 100%-owned San and Dunajec licences in southern Poland, focusing on the Mniszów oil discovery and its potential development using modern drilling and completion techniques. The company estimates Mniszów contains approximately 13 million barrels of oil in place, with potential recoverable resources of 3.7 million barrels, and has outlined an eight-well phased development programme. Prospex plans to acquire approximately 37km of new 2D seismic in Q1 2027 before targeting a pilot well in Q4 2027, incorporating a circa 400-metre lateral designed to intersect natural fractures within the carbonate reservoir. Management's economic model assumes an initial production rate of 300 barrels per day per well, ultimate recovery of 450,000 barrels per well and an oil price of approximately €60 per barrel, generating an estimated full-field NPV10 of €54 million. Prospex is also preparing a preliminary Competent Person's Report and is engaging with potential investment and joint venture partners, with management targeting partnership confirmation towards the end of 2026. The company's funding strategy is designed to limit shareholder dilution through asset-level investment, subsequent production cash flow and potentially debt funding as the project is de-risked. Beyond Mniszów, Prospex highlighted additional oil and gas exploration potential across both the Dunajec and San licences, including three existing leads on San, providing further opportunities for farm-downs and joint venture partnerships as part of its wider European growth strategy.

TRUFIN PLC reported a strong first half of 2026, marking the Group’s first H1 of EBITDA profitability from continuing operations following the £125 million sale of Playstack in June. H1 revenue from Oxygen and Satago increased to £5.9 million from £5.3 million, with Oxygen growing 12% and Satago 41%. The improved revenue performance delivered significant operating leverage, with EBITDA improving by £0.7 million and adjusted profit before tax by more than £1 million year-on-year. Satago achieved EBITDA profitability ahead of schedule and is now forecast to remain EBITDA profitable for the full year, supported by strong growth in its Sage-focused credit control software offering. Oxygen continued to deliver predictable, cash-generative growth, with more than 65% of early payment clients now purchasing two or more products and over 90% of future revenue for the next four years already supported by existing client relationships. Current trading has also accelerated, with unaudited July and August revenue exceeding £2.1 million, representing 28% year-on-year growth. Following substantial shareholder returns through share buybacks and dividends, TRUFIN PLC retains approximately £25 million of cash. Management’s growth strategy remains focused on disciplined capital allocation, including potential acquisitions, investment in Oxygen and further shareholder returns, while seeking to maximise returns at an appropriate level of risk.

Eagle Eye Solutions Group PLC delivered a strong FY2026 investor update, demonstrating renewed commercial momentum and strategic progress following the loss of the Neptune Retail Services contract. The AI-powered loyalty and personalised marketing specialist exceeded market expectations, with ARR growth of 31%, EagleAI revenue growth of 35% and SaaS revenue increasing to 85% of the revenue mix. Adjusted EBITDA exceeded expectations, while the company generated £3.8 million of cash and closed the year with more than £16 million in cash, strengthening its capacity to invest in growth and pursue selective M&A opportunities.  Eagle Eye reiterated its medium-term target of £100 million revenue and raised its adjusted EBITDA margin ambition to more than 30%, supported by platform efficiencies, AI-driven productivity improvements and increasing operational leverage.  The growth strategy centres on expanding within the US grocery and convenience markets, deepening existing customer relationships, growing its partner ecosystem and scaling its OEM channel, where two clients have already been secured and a further 40 opportunities are in advanced discussions. Management believes the OEM partnership has the potential to materially expand the business.  Product innovation remains another key growth driver, with EagleAI enhancing personalised challenges, promotions and offer ranking, while new AI agents are reducing the time required to create personalised promotions by approximately 80%. Overall, management highlighted increasing revenue quality, strong cash generation and a return to double-digit underlying growth as Eagle Eye targets further revenue and EBITDA expansion in FY2027. 

Personal Group Holdings PLC’s H1 2026 investor update highlights continued revenue growth, strong cash generation and further strategic progress across its insurance, benefits and reward businesses. Group revenue increased 10% year on year to £25.7 million, while adjusted EBITDA rose 22% to £6.7 million and profit before tax increased 21% to £4.6 million. Operating cash generation strengthened 68% to £6.4 million, supporting a strong balance sheet with £29.4 million of cash and no debt, alongside an SCR coverage ratio of 284%. The Group declared an interim dividend of 9 pence per share, maintaining its 100% dividend payout policy. Insurance remained the key growth driver, with record new insurance sales of £8.1 million, annualised premium income up 12% to £42.1 million and retention at a robust 81%. The Simply Health partnership is already generating promising insurance leads, while increased penetration of the existing customer base and investment in the sales operation provide further growth opportunities. Benefits and reward revenue grew 9% to £5.7 million, supported by growth across the Happy and Sage Employee Benefits platforms and Enecto’s pay and reward consultancy. Combined ARR from Happy and Sage reached £7.1 million, while Enecto secured 22 new client wins. With more than 90% of revenues recurring, strong customer retention, a 29.6% return on tangible equity and a proven track record of revenue and EBITDA growth, Personal Group remains focused on expanding insurance penetration, developing digital products, strengthening strategic partnerships and delivering sustainable long-term growth.

Supermarket Income REIT PLC reported a year of significant strategic progress in FY 2026, expanding its portfolio to £2.2bn of gross assets from £1.6bn a year earlier and positioning the business for further earnings and dividend growth. The portfolio comprises 140 supermarkets, with 100% occupancy, an average lease length of approximately 11 years, 83% inflation-linked income and around 75% of income backed by investment-grade tenants. Net rental income increased 6% to £122m, while the EPRA cost ratio improved to 9.2%, reflecting the benefits of scale and internalisation. The company completed £676m of earnings-accretive acquisitions, expanded its Blue Owl joint venture to £855m and undertook approximately £1bn of debt financing, strengthening and diversifying its capital structure. Recent acquisitions have been completed at attractive yields while maintaining the portfolio’s defensive income characteristics, supporting a 2% increase in the dividend for the coming year. Management continues to target a doubling of the portfolio over time, with potential growth across UK supermarkets, grocery-anchored retail parks, European food stores and grocery distribution assets. The balance sheet remains positioned to support the growth strategy, with leverage at approximately 45%, an average cost of debt of 4.4% and 98% of debt fixed or hedged until June 2028. Looking ahead, Supermarket Income REIT expects recent capital deployment, rental growth, management fee income and further operating efficiencies to support earnings growth, improved dividend cover and sustainable shareholder returns.

The Artisanal Spirits Company PLC reported improving momentum in its core branded business for H1 2026, with branded sales increasing 7% and accelerating to 10% year-to-date by the end of August, despite group revenue declining 5% due to the timing of trade cask sales. Growth was supported by the Scotch Malt Whisky Society (SMWS), Single Cask Nation and Artisan Casks, alongside stronger performance in the US, where in-market sales have delivered four consecutive quarters of growth. Branded EBITDA profitability improved by £1.5m year-on-year, driven by approximately £0.5m of additional gross profit and £1.0m of cost savings, while cash outflow improved by £1.5m. The company retains significant asset backing through more than 18,000 whisky casks, independently valued at approximately £50m versus a balance sheet value of £27–28m. Management remains confident in meeting full-year expectations, supported by continued branded revenue growth, approximately £2m of H2 revenue benefit from the US accounting unwind and anticipated trade cask transactions. The growth strategy focuses on expanding SMWS membership, increasing personalisation and product innovation, growing Single Cask Nation distribution, developing Artisan Casks and maintaining disciplined cost and capital allocation. Membership has returned to growth above 40,000, while debt reduction remains the priority for cash generation. Full-year performance remains dependent on completing anticipated trade cask sales, with management targeting a longer-term transition towards a self-funding branded business delivering stronger revenue, margins, profitability and cash generation.