The 1H26 interim trading update to 30th September reports performance in line with unchanged expectations, alongside a series of contract wins and renewals. Revenue of £8.2m for 1H26 represents 44% of FY expectations (1H25: 48%), leading to free cash generation of £0.9m, representing 42% (1H25: £-0.7m; 2H25 £+2.9m) of the £2.2m forecast for FY26E, excluding settlement of £1.8m cash relating to the growth scheme award, which vested in July. Licence revenue of £1.44m (+66% yoy, vs +10% Cav FY26E f ....
