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The newsflow should progressively shift from pipeline announcements toward substantial contract awards, revenue growth milestones, and diversified recurring revenue models — with quarterly to semi-annual updates through 2026 and into 2027. I expect the next RNS to highlight either major AgTech commercial deployments (multi-country installs) plus SensorGrow modular product launch details or major roll-out of Injectaclad by the PFP division with a tier1 real estate company.

Light Science Technologies (LST) is not a pure AgTech SaaS company, nor a lighting manufacturer in the traditional sense nor a passive- fire protection company. Its closest structural peers are integrated, IP-led systems suppliers rather than single-product vendors.

LST’s hybrid model (manufacture + IP + data + compliance-driven markets) is harder to value but more resilient if executed properly. LST’s IP supports product families and upgrades, which is a prerequisite for repeat orders, retrofits and subscription data layers. LST is building institutional trust before chasing valuation — a slow but compounding advantage. This is fundamental because risk is low relative to many AIM tech names because real revenue exists, multiple end markets exist and most importantly, IP is not single-point-of-failure. In short, it' the profile of a company that frustrates short-term traders but rewards patient capital investment.

Despite volume rising it's still a small % of shares available. Management holds a sizeable wad and no holdings notices have been triggered. I think a lot of recent capitulation is plain lack of patience by short-term holders who want instant profits. They take a loss to invest in a smoke and mirrors one trick pony that promises instant wealth. Guaranteed to be the best way to lose a fortune. Stick with a multiple industry exposure outfit like this with good track record in high growth arenas. They've got plenty of skin in the game so their futures are aligned with yours. There will lots going on behind the scenes, particularly at PFP Injectaclad and it's a time of year for AgTech to thrive. Happy to watch and wait as I think the quiet RNS period may herald a really decent one. Time will tell.

Volume is starting to perk up a little which makes me sense behind the scenes action in one or more of the divisions. Solid value at this level as we are almost back to the level at which directors topped up. I honestly didn't think we would retrace this far given the positive newsflow since but that's the nature of smaller stocks in the current Trump-centric markets. Great time to get on board for those not already here imo.

It is only a matter of waiting for everything here to fall into place. Definitely a share which you, your children and grandchildren will be glad that you held. Short, medium and long-term objectives will be met.

Absolutely spot on. The fundamental investment case here is compelling. Pressure on the government to resolve cladding issues and food security is increasing weekly. Starmer's crew are so out of touch with reality it's only a matter of time till action on both issues is impossible to ignore.

Three divisions - all in best of class arenas for the future. Good pipeline of quoted work in all three. Excellent management and grade 1 clients. Do the research and look at the fundamentals. The interims laid the groundwork for a decent trading update due anytime.

The original Government Building Safety Pledge was aimed at major developers committing to pay for or remediate unsafe cladding and other life-critical fire safety defects on residential buildings over 11 m tall that they built in the past 30 years. According to official government records, around 49 developers had signed the pledge (also referred to as the developer remediation contract) committing to fix unsafe buildings they developed or refurbished.

Examples of signatories include:

Barratt, Bellway, Berkeley Group, Crest Nicholson, Persimmon, Redrow, Taylor Wimpey and many others — 50+ major housebuilders across the sector.

(This pledge is separate from other government remediation plans involving social landlords (which saw at least 110 social landlords sign a joint plan).

Developers who signed up have agreed to identify buildings they developed that have life-critical fire safety defects (including unsafe cladding) and fund or carry out remediation. Those who failed to sign risk restrictions on their ability to operate (e.g., planning permissions and building control) until they comply. Its meant to protect leaseholders — so they are not left with the bills for safety fixes they had no role in creating.

The pledge ensures the industry pays rather than leaseholders (in many cases) under schemes like the Cladding Safety Scheme or Building Safety Fund.

It creates legal obligations and enforcement mechanisms if developers fail to act.

There are thousands of buildings needing cladding remediation; as of late 2025, only about 35 % had completed works, and around 49 % had at least started remedial works. A significant number of buildings still haven’t been identified or assessed (government estimates suggest hundreds to potentially thousands remain to be fully catalogued).

The Building Safety Pledge represents significant industry commitment to remediate dangerous cladding, but sheer scale, regulatory bottlenecks, legal complexities, backlog in approvals and data gaps mean remediation is still slow — much slower than early political statements implied. With most major firms signed up, practical delivery on the ground continues to lag a timeline many leaseholders hoped would be met sooner but latest information appears to indicate that the situation is now a priority issue and funding congestion is being speedily addressed.

Hopefully this will be confirmed in next LST RNS.

I'm pretty sure we will get a trading update soon if only to reflect progress in the PFP division. Most big builders and real estate companies signed up to the Government Building Safety Pledge giving substance to the need to rectify existing cladding issues. Initial projects have been carried out by LST's PFP Injectaclad division and roll-outs should be in hand. Big decisions and release of funding should be happening as we enter 2026. I suspect the next RNS will confirm those decisions (big companies move slowly but government pressure is there). Once those contracts are cemented then momentum should rapidly increase. Given that PFP work is very CapEx light, it should have a big effect on the bottom line. The other two divisions are also in similar positions regarding inflection points. Interesting year ahead.

I'm sure there's a lot going on behind the scenes in the Passive Fire Protection (PFP) Injectaclad division. The issue of cladding remediation is top of the government list of building priorities to allow safety, reinsurance and mortgage lending on affected properties. Major real estate holders are working with LST and it would appear that funding liquidity is now flowing. This is from Avamore and I'm pretty sure though not certain it relates to a LST remediation. The funding was secured in December and if so, could be the start of the awaited Estate roll-outs. This would certainly be excellent as part of anticipated t/u.

https://benews.co.uk/avamore-capital-completes-5m-pbsa-refinance-and-remediation-facility/

Interesting that the sells that predominated before Christmas (probably driven by need for smaller investor financial liquidity) are reducing in quantity but being hoovered up by gradually bigger buys. It does appear that a swing is in progress ad 2026 opens up. The trading update should certainly cement this and allow the previous rise to continue. Volume is still small but a lot of stale holders must have now exited. I suspect a lot of potential buyers will pile in on the t/u. Time will tell.

Agreed. It would be a perfect time for one of the UK institutions or pension funds to appear on the shareholder register. It's looking good into 2026 and beyond. A sound UK company that's not a one-trick pony. Three decent constituent businesses all capable of upbeat surprises. A competent and invested management team with a good track record and a quoted business pipeline of 3x It's current MCap. Just waiting for an entrepreneurial asset manager to start dipping into the shareholder register. Solid, especially with trading update due anytime.

At the risk of repetition we do appear to be now bouncing off a well sprung floor as the sellers are drying up allowing a period of calm. Volumes have been low, shares are tightly held, and management has a substantial holding. The fact that this is a small MCap with a limited free float of shares it could very quickly turn and retrace. It needs a trigger, and that could well be the next imminent trading update. Good time to join other investors here imo.

I'm more optimistic on that front. The end of line of one of the pest control products for the CEM division was telegraphed early last year and reflected in the interims. A lot has happened since then and that division has secured new contracts whilst also purposefully engaging with and targetting the defence sector (Nov RNS). The AgTech division has also been very active with substantial partnerships in a rapidly expanding field. The big news, I expect, will come from the PFP division. It has been commissioned by and has worked on 'initial' projects for two large real estate companies. These were due to complete in Q4 2025 and then roll-outs for Injectaclad would be considered for the wider estates. This could be the real elephant in the room given where we are at the moment. For my pennyworth: CEM flat but prospects on the increase from defence and onshoring due to global unrest; AgTech gaining traction good outlook; PFP major rollouts at minimal Capex rapidly escalating profits. Will be interesting update when it arrives and I expect the outlook to be very good given global situation. This is an excellent UK small cap deserving of a rating which reflects it's pipeline, management and skillset.

Perfect time to put out a decent trading update due anyday.

Everything has now aligned for a decent t/u in the next week or so. Three constituent businesses all in high-growth industries and feeding into the green, fire-prevention and on-shoring electronics industries. Margins should be escalating nicely and tendered business being increasingly converted to work in progress. Great little company; excellent management with lots of skin in the game and sensible, seasoned work ethics. Solid.

I'm expecting a really good opener to 2026 as Light Science Tech confirms strong progress in all three of its constituent businesses. What a way to start the year. First full week in Jan would now be my best bet as it sets the tone for the year ahead.

Just too darned cheap with 3 growth businesses set for 2026 expansion and rollouts.

On that point I wholeheartedly agree. 2026 is set to be a brilliant year for LST. Merry Christmas and a very Happy New Year to all holders. Not a time to be sitting on the side for FOMO.

Suspect the company is indeed waiting news on the estates roll-out of the PFP Injectaclad division. This would also coincide with the urgent govt design to release funding to clear the backlog. Both imminent so I expect a confirmation RNS early in January. Looking good and buying could easily precede an announcement given the nature of the work and decisions being made by 3rd parties. Solid.