Ilika has released a trading and operational update for the six-month period to 31 October 2025. Revenue in the period is expected to be £0.6m (1H25: £1.0m), predominantly from the DRIVE35 PRIMED grant-funded programme. This programme commenced in August 2025 and will continue to grow throughout 2H26. Substantial milestones have been achieved within both the Stereax and Goliath programmes during the period. Initial volumes of Stereax M300 batteries could be delivered to customers by the end of 2 ....