EARNINGS AND TRADING: RWS agrees to acquire IP platform Obviously

Tue, 05th May 2026 18:52

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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RWS Holdings PLC - Maidenhead, England-based language services and artificial intelligence solutions provider - Reaches a definitive agreement to acquire Obviously Group Ltd, an intellectual property and brand management platform, in a deal worth up to GBP40 million. RWS had earlier on Tuesday said it had agreed in principle to buy Obviously, with it being in advanced and exclusive discussions to finalise and enter into definitive legally binding transaction documents. Says the consideration comprises an initial GBP16.5 million cash consideration, payable upon completion, with earn-out consideration up to GBP23.5 million. Says the deal will be funded through existing facilities, "having successfully refinanced its revolving credit facility in October 2025" and with it remaining "well-capitalised with strong cash generation."

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Pathos Communications PLC - London-based public relations company - Reports a pretax loss of USD526,000 for 2025, widened from USD473,000 in 2024. Revenue meanwhile grows 15% to USD13.1 million from USD11.4 million, with Pathos noting performance was driven by improved effectiveness of the client success and repeat business teams, as well as increased placements in higher-quality publications. The weaker earnings amid the improved top line are owed to higher costs, as administrative expenses grew 9.1% to USD9.8 million from USD9.0 million. Pathos says 2026 trading so far has been in line with market expectations for the full year of USD14.0 million in revenue and USD4.0 million in adjusted earnings before interest, tax, depreciation and amortisation. "We have entered 2026 with strong trading momentum, supported by fully embedded cash collection discipline and a strengthened balance sheet following the IPO.... The board is confident that 2026 will see an acceleration in business growth as we continue to build a globally scalable, AI‑enhanced public relations platform," comments Founder & Chief Executive Omar Hamdi.

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Robinson PLC - Chesterfield, Derbyshire-based manufacturer of plastic and paperboard packaging - Completes the sale of the Hipper House surplus property, with exchange of contracts and completion taking place on Friday last week. Notes the consideration due on completion is GBP760,000, with Robinson committed to paying future costs worth up to GBP30,000. Says the net proceeds of GBP730,000 are earmarked to reduce bank debt, and adds that the property attracted rental income of GBP25,224 during 2025 and had a book value of GBP316,519 at December 31.

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Fulcrum Metals PLC - Canada-focused exploration company - Enters into funding package worth GBP6 million with YA II PN Ltd, an institutional investor managed by Yorkville Advisors Global LP. Explains that the funding comprises equity and convertible debt funding alongside an at-the-market subscription facility arranged with broker Clear Capital Markets Ltd. Says the funding allows it to progress key objectives tied to the implementation of a stand-alone pilot plant to process material from its Teck Hughes and Sylvanite tailings projects and potential project partners material. "With funding secured, we are advancing the pilot scoping study and can begin to secure critical path items and services ahead of implementation. Pilot-scale testing represents a key milestone in de-risking our projects, refining technical parameters and advancing toward commercial deployment," says Chief Executive Ryan Mee.

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Fusion Antibodies PLC - Belfast-based contract researcher that provides discovery, design and optimisation services for therapeutic antibodies - Reports revenue of GBP2.1 million for the financial year that ended March 31, up from GBP2.0 million a year prior. Says it achieved a gross margin of 50%, improving from 22%, and reports an underlying gross margin of 43%, up from 22%. Notes its cash position at March 31 was GBP1.0 million, rising from GBP400,000 a year prior. Says it delivered a "mixed but improving performance" throughout the financial year, with this reflective of a "continuing but slow recovery in market conditions alongside the inherent variability of project-based revenues." Says it remains "cautiously optimistic" for financial 2027 trading. "FY2026 has been a year of continued progress and development as we consolidate and build on the recovery achieved in the prior financial year. While revenues in the first half reflected ongoing market challenges, we have seen improving momentum supported by a stronger order book and pipeline," says CEO Adrian Kinkaid.

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Fermi Inc - real estate investment trust, focused on data centres and a power grid development in Texas - Appoints Chief Power Officer Larry Kellerman to the board of directors to fill the vacancy left by founder & ex-CEO Toby Neugebauer. On Friday, Fermi said it had terminated the contract of Neugebauer due to conduct which violated its terms. Explains that Kellerman will serve as a class three director of the company, with an initial term that expires at the end of its 2028 annual meeting.

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Caledonia Mining Corp PLC - Jersey-registered operator of the Blanket gold mine in Zimbabwe - As initially announced on Thursday last week, the company appoints July Ndlovu as chair, replacing John Kelly, who stepped down after the company's annual general meeting on Tuesday as part of the board's succession plan. Adds that Director Nick Clarke did not stand for re-election at the AGM and has left the board.

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By Christopher Ward, Alliance News reporter

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