Elixirr (LSE:ELIX) International's shares closed at 512p on 29 October 2026, in the lower part of their 52-week range, despite interim results on 21 September showing higher Revenue and AI-related work. There has been no fresh trading news since; the latest filing is a holdings notice on 20 October.

What happened

Elixirr (LSE:ELIX) is a constituent of the FTSE All-Share index, in the industrial goods and services sector according to a market data page, and works as a management consultancy. That page labels it as AIM-quoted, but search results including a London Stock Exchange page show it moved from AIM to the Main Market in 2025.

The most recent substantive statement is the half-year report to 30 June 2026. We could read only an available data rather than the full announcement, so the figures below should be checked against the original.

That summary gave revenue up 25% at £89.0m and adjusted EBITDA up 29% at £27.6m, a 31.0% margin. Adjusted profit before tax rose 25% to £25.1m, and adjusted Diluted Earnings per Share rose 18% to 34.2p.

AI-related revenue climbed 185% to £8.1m, and 35 clients each generated more than £1m. Kvadrant Consulting, bought in January 2026, added revenue and extended the group's reach in the Nordics, the summary said.

Why it matters for investors

Two details stand out against the growth headlines. Free Cash Flow fell to £1.8m, according to the summary, which did not give the reason. Earnings per share also grew more slowly than profit before tax, and we could not retrieve the explanation.

The outlook wording was steady: the company remained confident of meeting market expectations for full-year adjusted EBITDA. The summary gave no full-year figure, so we cannot say what those expectations are.

Earlier filings show how acquisitions feed through to the share register. An Equity issue for contingent consideration relating to TRC was announced on 20 May, and the board's broker arrangements have also changed. A joint broker was appointed with the 3 August trading update, followed by a clarification of corporate Brokers on 22 September. We have read only the headlines of those notices.

How the shares have performed

The market data page showed 512.00p at the close on 29 October, up 4.00p or 0.79% on the day, and a Market Value of £260.4m. The 52-week range was 461.00p, on 22 September, to 888.76p, on 29 October 2025.

The timing of that low is notable: it came the day after the interims. A UK Investor Magazine headline listed on the page had put the shares at 608p on 16 September, ahead of the results, and Proactive reported a 9% rise on 3 August on the record half. We have not established why the shares then fell, and we do not attribute the move to any single item.

At 512p, the price was about 42% below the 52-week high and 11% above the low, by our calculation. The page listed a trailing price-to-earnings ratio of 12.4 and a declared Dividend of 22.6p, which implies a historical Yield of about 4.4% on our arithmetic.

What to watch next

The first checks are the original interim text on cash generation and any explanation for the fall in free cash flow. We could not confirm the date of the next trading update from the material retrieved, although the August statement offers a precedent for a mid-year update.

Investors may also look at holdings notices, with filings on 25 September and 20 October. We have not read them, so we draw no conclusion about buying or selling.