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The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. ---------- SMALL-CAP - WINNERS ---------- Digital 9 Infrastructure PLC, up 0.9% at 5.35 pence, 12-month range 5.2p-10.12p. First Equity has a 5.03% stake in the London-based investor in internet infrastructure as of Thursday, up from none reported. ---------- SMALL-CAP - LOSERS ---------- Tullow Oil PLC, down 3.4% at 10.14p, 12-month range 3.9p-21.4p. The oil and gas producer in Ghana and the Ivory Coast estimates that 2025 revenue will total $847 million, down from $1.54 billion the year before. Says cash flow was hurt by year-end commodity prices and delayed receivables, but notes ‘strong operational momentum’. Free cash flow decreases to $100 million from $156 million. Daily production for the year averages 40,400 barrels of oil equivalent per day. Realised oil price averages $67.8 per barrel, down from $80.2. For 2026, Tullow expects working interest average production between 32,000 boepd and 34,000 boepd, and free cash flow between $150 million and $180 million. Also expects five new Jubilee wells to come onstream. Secondly, Tullow has entered a binding lock-up agreement to implement a refinancing transaction with holders of around 66% of its $1.29 billion 10.25% senior secured notes due May 2026, alongside Glencore Energy UK Ltd. Finally, Tullow announces that the Ghanaian parliament has ratified the extension of its West Cape Three Points and Deep Water Tano petroleum agreements, which cover the Jubilee and TEN fields. It has also secured revised terms for the supply of gas from the Jubilee field to the end of the extended period at an escalating price of $2.50 per million British thermal units, and agreed a gas payment security mechanism and heads of terms for the potential supply of gas from the TEN fields with the government. ---------- Residential Secure Income PLC, down 1.3% at 54.7p, 12-month change 51.4p-61.6p. Declares interim dividend of 1.03p per share, unchanged from the year before. Realisable net asset value is 67.4p per share as of December 31, excluding break gain from its sales process, down from 68.1p at September 30. Realisable NAV total return for the quarter ended December 31 is minus 0.5%. Says that following the sales process, both the shared ownership and retirement portfolios are in exclusivity with the respective purchasers undertaking further diligence. ‘Prospective purchasers are expecting to acquire the portfolio with the existing debt facilities being ported; accordingly, any associated break gain would remain unrealised and should not be interpreted as distributable value under the expected transaction structures,’ ReSI says. Adds that rent collection was consistent at over 99% for the quarter, with rental growth of 4.6% on 472 properties for 2.5% like-for-like growth. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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