Seeing Machines (LON: SEE) reached a Seeing Machines profit milestone in its full-year trading update, reporting positive underlying EBITDA in the second half of FY2026 and sending its shares up 11% to 5.27p on AIM. Shoe Zone (LON: SHOE), Thruvision (LON: THRU), and Afentra (LON: AET) also posted double-digit gains.
Seeing Machines Profit Milestone: H2 EBITDA Reverses First-Half Loss
Full-year revenues at Seeing Machines came in at $76.3m, 45% ahead of the prior year, with sales accelerating sharply in the second half. According to a Yahoo Finance report on the FY2026 trading update, second-half adjusted revenue more than doubled to $52.9m, while automotive royalty revenue climbed 135% over the full year to $33.9m.
The Seeing Machines profit milestone in the second half is quantified in the same update: adjusted EBITDA for the six months to June 2026 is expected to be between $10.7m and $11.7m, reversing a $13.7m first-half loss. The full-year loss is expected to narrow to $2m–$3m, against market expectations of a $3.9m loss.
Production volumes reached 4.49 million automotive units for the full year, with the fourth quarter setting a record at 2.11 million vehicles, up 64% from the prior quarter and 333% year-on-year. More than 8.2 million cars now carry Seeing Machines driver and occupant monitoring technology.
Cash stood at $4.3m at the end of June 2026, up from $3.4m in December 2025, with no funding facilities drawn. The company has entered exclusive negotiations to refinance its convertible loan note ahead of its 4 October 2026 maturity. Audited full-year results are scheduled for 28 September 2026, per the company’s investor announcements page.
Shoe Zone Cash Beat Triggers Buyback
Shoe Zone (LON: SHOE) said cash generation had come in better than expected, with cash of £7m on 25 July 2026 following strong July trading. The company will return £3.5m to shareholders via a buyback programme running from 11 August to 26 October 2026, managed independently by Zeus Capital, according to AskTraders. Shares rebounded 18.9% to 72.5p.
The pre-tax profit forecast stands at £500,000 for the financial year ending 3 October 2026, an upgrade from July guidance that pointed to an adjusted loss of no greater than £1.0m, as disclosed in a Shoe Zone RNS filing on Investegate. Net cash at end-September 2026 is now forecast at £11.4m, reduced from £13.1m to reflect the full buyback.
Thruvision Secures Third Major Asian Contract
Thruvision (LON: THRU) announced its partner in Asia had won a south-east Asian airports contract worth more than £3m, with delivery due in the six months to March 2027. Per the Thruvision company newsroom, the systems will screen aviation workers and this is the third Asian contract worth more than £1m the company has secured in the past 14 months. The deal supports a partner-led regional strategy, as reported by Yahoo Finance.
The Lang family reduced its stake in Thruvision from 9% to below 3% following the announcement. Shares surged 36.4% to 1.125p.
Afentra and the Day’s Other Movers
Afentra (LON: AET) said the latest drilling of the Pacassa SW well supports the expectation that it could produce around 5,000 barrels of oil per day gross, which would lift the company’s output by more than 25%. The Impala well has returned to production at 3,000 barrels of oil per day. Cavendish values Pacassa SW at 11p per share, with a core NAV of 100.5p per share. The stock gained 10.5% to 70.15p.
Gold miner Thor Explorations (LON: THX) reported second-quarter revenues of $78m, with EBITDA of $49m held back by higher operating costs. Net cash is $219m. Full-year production guidance remains 75,000–85,000 ounces at the Segilola mine, with a final investment decision for the proposed Douta mine expected in the third quarter. Shares fell 5.75% to 59p.
Rentguarantor (LON: RGG) reported interims in line with recently upgraded expectations: revenues rose 250% to £3.39m, net cash was £2.4m at end-June 2026, and full-year pre-tax profit is forecast at £1.2m. That figure could rise to £4.6m next year. Shares dipped 2.83% to 51.5p on profit-taking.
The Seeing Machines convertible loan note refinancing, due to complete before 4 October 2026, is the next concrete event to watch for the stock.
