Amcomri Group Plc (LSE:AMCO) has spent 2026 selling one Business at a large multiple and buying others, and its interim results on 15 September showed the effect on the numbers. First-half Revenue rose 33% to 42.4 million pounds, profit before tax climbed to 7.9 million pounds, and the AIM-quoted group reported higher cash and lower net debt. The update followed a trading statement on 19 August 2026 that lifted first-half profit expectations and nudged the shares up about 3.2% the following day, 19 August.

What the company does

Amcomri began dealings on AIM on 19 December 2024 after raising about 12 million pounds, as an Acquisition vehicle that follows what it calls a Buy-Improve-Build approach: it buys smaller businesses, works to raise their performance and then adds further bolt-ons. Earlier deals included EMC Elite Engineering Services in April 2025 and Electronix Services, its first acquisition in Ireland, completed in August 2025. In 2026 the group completed an acquisition on 1 June, bought North West Transport Supplies on 9 July, and took on the National Compliance and Testing division of SSE plc.

The Premier Limpet sale

The largest event of the year was the sale of Premier Limpet, announced on 1 July 2026, to Dalpo Group UK Limited. Minimum initial consideration was 10.1 million pounds, with extra payments of 0.9 times any trading EBITDA above 1.4 million pounds for 2026. Net cash proceeds after repaying Debt were about 7 million pounds before any additional amount, which the company put at roughly 28 times invested capital. Amcomri had bought the tape converter in August 2021 for 2.95 million pounds initial consideration, of which only 0.25 million came from its own cash, with the rest funded by an asset-based lending facility.

Premier Limpet made about 40 million square metres of tape a year from two sites in Cambridgeshire and Hertfordshire. For 2025 it recorded revenue of about 11.6 million pounds, unchanged on 2024, and profit before tax of about 0.71 million pounds against 1 million. The board said LSE:AMCO was trading in line with market expectations at the time.

Interim results

Adjusted EBITDA for the first half rose 7% to 4.7 million pounds, with growth attributed to acquisitions and key markets. Basic Earnings Per Share were 10.12 pence for the six months. Net debt fell to 2.9 million pounds and cash increased to 13.8 million pounds. The board described the outlook as positive, citing a solid Balance Sheet and an acquisition pipeline it called healthy.

Share register and incentives

A placing of existing ordinary shares was carried out on 22 July 2026, and holding notifications followed on 24 July and 8 October. Final results were published on 14 April 2026, with the Annual Report and AGM notice following on 29 April and the AGM result announced on 29 June. In May LSE:AMCO granted long-term incentive plan Options over shares at nominal cost, tying management rewards to performance.

Sector and index context

Amcomri belongs to the group of small AIM roll-ups where returns depend on disciplined purchase prices and the ability to integrate niche businesses. The Premier Limpet exit shows how value can be realised, but it also means the group has to keep finding fresh acquisitions to sustain growth.

Risks and what to watch next

Integration risk, reliance on acquisitions for growth, dependence on the SSE division's performance and the earn-out on Premier Limpet are the main uncertainties. Investors will watch for new bolt-ons, the full-year trading update and how LSE:AMCO deploys its 13.8 million pounds of cash.