Thruvision (LON: THRU) shares surged 113% to 1.33p after the security technology firm disclosed a Thruvision Asian airport contract worth more than £3m, its largest ever order from the region.
A partner in south-east Asia secured the deal to supply screening systems to a number of regional airports, with equipment deployed for aviation worker screening and insider-threat mitigation. Delivery is due in the six months to March 2027.
Thruvision Asian Airport Contract Extends Regional Momentum
Chief executive Victoria Balchin said the award was the company’s ‘second major regional order this calendar year and third contract worth more than £1 million in Asia within 14 months’, describing it as validation of the firm’s partner-led route to market.
According to the company’s regulatory notice, the systems screen aviation workers while maintaining throughput and minimising operational disruption, addressing airport operators’ focus on insider-threat risks alongside traditional passenger screening.
The contract win follows a period of strong trading. Thruvision reported a 36% increase in revenue to £2.6 million for the six months ended 30 September 2025, according to its interim results on Investegate. Separately, the Lang family cut its stake from 9% to below 3%.
Strip Tinning and Other AIM Risers
Strip Tinning (LON: STG) rose 53.3% to 34.5p after winning a DRIVE35 grant of £3m from Innovate UK and the Advanced Propulsion Centre UK. The company’s announcement said the funds will help scale UK manufacturing capability and develop cell contacting system technology, funding the business beyond 2027.
DRIVE35 is a £4 billion UK government programme of capital and R&D support for the automotive sector running to 2035, delivered with the Advanced Propulsion Centre and Innovate UK. The Scale-Up pillar, under which Strip Tinning’s grant was awarded, has up to £150 million available in total.
Sunda Energy (LON: SNDA) gained 62.1% to 2.35p. The company said Matahio NZ Onshore has been awarded a 10-year petroleum mining permit in the onshore Taranaki region of New Zealand, an important step towards Sunda completing its acquisition of Matahio Energy NZ.
Phoenix Copper (LON: PXC) rebounded 40.6% to 0.675p after RAB Capital disclosed an 11.4% shareholding and Catherine Evans and family reported a 14.7% stake.
Fallers: Mothercare Revenues Slump, 80 Mile Delays Drilling
Mothercare (LON: MTC) fell 28.6% to 0.7p after reporting that 2025-26 net worldwide system sales dropped 22% to £180m and company revenues fell 42% to £22.4m. Adjusted EBITDA declined 63% to £1.3 million, according to Investor Meet Company’s reporting on the results.
Net debt stood at £5.7m at end-March 2026 and the pension deficit is £35m. The loss is forecast to rise from £2.6m to £3.2m this year before a small reduction the following year. A new UK franchise partner announcement is expected. Net debt is expected to rise.
80 Mile (LON: 80M) slumped 34.9% to 0.462p after disclosing that drilling on the Jameson Land Basin oil and gas project in East Greenland has been delayed due to permitting and regulatory approvals. Drilling could now happen in winter 2027. The company has also received a formal warning from authorities for landing equipment without permission.
Caledonian Holdings (LON: CHP) slipped 21.2% to 1.3p after raising £612,000 at 1.25p per share to fund the commercial rollout of Aspire’s multicurrency business current account and debit card, plus near-term trade finance opportunities. Aspire was acquired for £9.33m in June.
Rockfire Resources (LON: ROCK) fell 20.4% to 0.1075p after raising £2.15m at 0.11p per share. The funds will finance a permit application to reopen an underground mine, continue pre-feasibility work, and support drilling at its Molaoi zinc, silver, lead and germanium project in Greece.
The next material test for Thruvision will be whether delivery of the south-east Asian order completes on schedule before March 2027, and whether the company can convert its growing regional pipeline into a fourth contract in Asia.
