Tracsis full year revenues climbed from £81.9m to £85.5m in the year to July 2026, as the transport software and technology group (LON: TRCS) completed its acquisition of Mistral Data and sold its events business, two transactions that will materially alter the shape of the company. Shares rose 7.81% to 345p.
Tracsis Full Year Revenues and the Mistral Data Acquisition
Group EBITDA rose from £12.6m to £13.5m, in line with the analyst consensus tracked by Morningstar/Alliance News, which put the mean estimate at £13.5m with a range of £13.2m to £13.9m.
Cash stood at £19.4m at the end of July 2026, against £23.4m a year earlier, according to the Tracsis trading update published on the London Stock Exchange. That figure excludes proceeds from the disposal of the events unit and the cost of the Mistral Data purchase.
Tracsis sold its events business to Connection Capital LLP for £7.3m earlier in August 2026, according to Morningstar/Alliance News.
The Mistral Data acquisition, completed simultaneously with the trading update, was struck at an enterprise value of £48m on a cash-free, debt-free basis. Mistral Data is a wholly owned subsidiary of FirstGroup plc, according to the Tracsis RNS filed on Investegate.
Mistral Data generated approximately £13m in revenue and approximately £4m in adjusted EBITDA, representing an adjusted EBITDA margin of approximately 30%, in the twelve months ended 31 March 2026. Approximately 85% of its revenue comes from long-term recurring contracts. Net assets at that date were £3.7m.
Analysts tracked by Stock Analysis have a consensus price target of 602.75p on TRCS, implying around 81% upside from Thursday’s close.
AIM Risers: EDX Medical and GEO Exploration
Diagnostics firm EDX Medical (LON: EDX) raised £2.7m at 14p per share to fund its new employee health screening service. Discussions with three potential clients continue, and two further companies have approached the firm.
The company had expected to report 2025-26 revenues of £1.2m, but auditors advised that £860,000 should be deferred into 2026-27. Despite the revision, shares jumped 20.5% to 11.75p.
GEO Exploration (LON: GEO) said results from a trial soil geochemical survey at its Gorge project returned gold in 244 of 245 samples, a detection rate of 99.6%. The programme took place during a site reconnaissance visit in May 2026, according to Share Talk’s summary of the RNS.
Five samples returned more than 1 g/t Au. The highest individual result was 7.74 g/t Au. Historical work at the project has returned rock chip samples up to 134 g/t Au and soil samples up to 233 g/t Au, according to the Gorge Project work programme announcement on FT Markets. GEO shares rose 9.52% to 0.115p.
TAP Global (LON: TAP) launched its digital asset income strategy, a yield-earning digital reserve on its Tap Earn platform. The company said it will deploy its own assets, currently worth £1.75m in crypto holdings, to generate income covering operating expenses. Shares gained 4% to 1.3p.
AIM Fallers: Quantum Helium and Tower Resources
Quantum Helium (LON: QHE) is completing an engineering assessment for the next phase of testing and field development at Sagebrush-1, where helium-bearing gas at approximately 2.5% concentration has been confirmed. Permitting and drill planning is advancing on five further opportunities in Colorado. Shares slipped 13% to 2p.
Tower Resources (LON: TRP) said it is close to receiving final approvals for its farm-out transactions with Prime Global Energies in Cameroon and Namibia. For the Namibia PEL96 licence, the Ministry of Industries, Mines and Energy approved the farm-out of a 25% interest at the end of June 2026 and all partner consents have been received; the transaction was awaiting the Minister’s final signature on the deed of assignment as of the interim results filing, according to the Tower Resources 2026 interim results.
Completion would release a $625,000 closing payment. Tower is also raising £325,000 at 0.01375p per share. Shares fell 9.38% to 0.0145p.
Marechale Capital (LON: MAC) reported results for the year to April 2026, which predate recent transactions that have expanded the business into a fully integrated investment bank. Shares dipped 6.86% to 4.75p.
Vast Resources (LON: VAST) said it has been admitted to the Defense Industrial Base Consortium and the Cornerstone Consortium, positioning it to engage with organisations involved in North American critical mineral supply chains. Shares declined 3.41% to 4.25p.
The Tower farm-out closing payment and the final ministerial signature on the PEL96 deed of assignment are the near-term triggers to watch for Tower Resources shareholders.
