Your Partner for Growth, Hybridan

Hybridan

Your Partner for Growth

Our passion is raising growth capital for exciting, fast growth companies that want to take their business to the next level. We raise capital for companies both listed and unlisted in the most efficient manner possible and pride ourselves as being one of the few consistently profitable broking firms in the City. This has been achieved through a highly disciplined approach when seeking to create both corporate and institutional relationships.

Equity Bottom-Up

<ul>
<li>Alien Metals 0.125p £11.6m (UFO.L) The minerals exploration and development company has reported that its joint venture partner, West Coast Silver Limited has announced that it has entered into a non-binding Memorandum of Understanding with Artemis Resources Limited to evaluate the potential for Artemis' Radio Hill Processing Plant, located near Karratha, to process material sourced from West Coast's Elizabeth Hill Silver Mine in the Pilbara.</li>
<li>Digitalbox 4.75p £5.6m (DBOX.L) The mobile-first digital media business, with websites such as the Entertainment Daily, The Daily Mash, The Poke, The Tab and TV Guide updates on its Q4 period in 2025.</li>
<li>The Company expects EBITDA for the FY December 2025 to be significantly ahead of expectations while revenue to be broadly in line. </li>
</ul>


Alien Metals 0.125p £11.6m (UFO.L) The minerals exploration and development company has reported that its joint venture partner, West Coast Silver Limited has announced that it has entered into a non-binding Memorandum of Understanding with Artemis Resources Limited to evaluate the potential for Artemis' Radio Hill Processing Plant, located near Karratha, to process material sourced from West Coast's Elizabeth Hill Silver Mine in the Pilbara.
Digitalbox 4.75p £5.6m (DBOX.L) The mobile-first digital media business, with websites such as the Entertainment Daily, The Daily Mash, The Poke, The Tab and TV Guide updates on its Q4 period in 2025.
The Company expects EBITDA for the FY December 2025 to be significantly ahead of expectations while revenue to be broadly in line. 


Hybridan Small Cap Feast: 4 December 2025

<ul><li>The progress made by the operational expansion is evidenced by these finals to June 2025, which report a 46% increase in Revenue to £0.83m.</li><li>The loss before tax decreased 32% to £0.457m and year end cash is £0.461m.</li><li>We assume the accelerating trading momentum its maintained, suggesting a 10-12month cash runway at the lower burn rate.</li></ul>

The progress made by the operational expansion is evidenced by these finals to June 2025, which report a 46% increase in Revenue to £0.83m.The loss before tax decreased 32% to £0.457m and year end cash is £0.461m.We assume the accelerating trading momentum its maintained, suggesting a 10-12month cash runway at the lower burn rate.

Hybridan Research: Physiomics plc: Building Lasting Traction

Strategic Minerals PLC / Equity Bottom-Up

<ul><li>* A corporate client of Hybridan LLP.</li><li>** Potential means Intention to Float (ITF) or similar announcement has been made.</li><li>***Arranged by type of listing and date of announcement.</li></ul>

* A corporate client of Hybridan LLP.** Potential means Intention to Float (ITF) or similar announcement has been made.***Arranged by type of listing and date of announcement.

Strategic Minerals PLC - Hybridan Small Cap Feast: 11 December 2025

Aptitude Software Group / Equity Bottom-Up

<ul>
<li>Aptitude Software Group 293p £161.44m (APTD.L) The provider of finance transformation software solutions specialising in fully autonomous finance announces a significant contract renewal and a go-live for its Fynapse intelligent finance data management and accounting platform.</li>
<li>The customer is a US-based global communications organisation and has renewed its contract for a further three years for £7.6m, which also includes the renewal of licences for Aptitude's leasing and revenue recognition engines.</li>
<li>Aptitude has also completed a successful Fynapse go-live trial highlighting Fynapse's ability to support mid-market and Tier 2 organisations with modern automation capabilities and rapid, efficient implementation.</li>
</ul>


Aptitude Software Group 293p £161.44m (APTD.L) The provider of finance transformation software solutions specialising in fully autonomous finance announces a significant contract renewal and a go-live for its Fynapse intelligent finance data management and accounting platform.
The customer is a US-based global communications organisation and has renewed its contract for a further three years for £7.6m, which also includes the renewal of licences for Aptitude's leasing and revenue recognition engines.
Aptitude has also completed a successful Fynapse go-live trial highlighting Fynapse's ability to support mid-market and Tier 2 organisations with modern automation capabilities and rapid, efficient implementation.


Hybridan Small Cap Feast: 10 December 2025

<ul>
<li>After a sequence of contracts building from the core business, the YE Trading Update reports revenue higher than expectations, with a consequential reduction in losses and higher cash balances.</li>
<li>Assuming the momentum is maintained, it extends the cash runway to 12 months.</li>
<li>Revenue expectations for June 2025 are increased to £834k which is 46% ahead of FY June 24, while the Loss After Tax is 31% lower at £419k, than the comparable period. </li>
</ul>


After a sequence of contracts building from the core business, the YE Trading Update reports revenue higher than expectations, with a consequential reduction in losses and higher cash balances.
Assuming the momentum is maintained, it extends the cash runway to 12 months.
Revenue expectations for June 2025 are increased to £834k which is 46% ahead of FY June 24, while the Loss After Tax is 31% lower at £419k, than the comparable period. 


United Kingdom

Physiomics plc develops computer simulation technology to understand and predict patient responses to pharmaceuticals.

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Physiomics (PYC LN)

Hybridan Small Cap Feast: 4 December 2025

The Company expects EBITDA for the FY December 2025 to be significantly ahead of expectations while revenue to be broadly in line.

Hybridan

Hybridan Research: Physiomics plc: Building Lasting Traction

The progress made by the operational expansion is evidenced by these finals to June 2025, which report a 46% increase in Revenue to £0.83m. The...

Hybridan

Strategic Minerals PLC - Hybridan Small Cap Feast: 11 December 2025

* A corporate client of Hybridan LLP. Potential means Intention to Float (ITF) or similar announcement has been made. *Arranged by type of...

Hybridan

Hybridan Small Cap Feast: 10 December 2025

Aptitude Software Group 293p £161.44m (APTD.L) The provider of finance transformation software solutions specialising in fully autonomous finance...

Hybridan

Hybridan Research: Physiomics plc

Physiomics PLC (PYC) announced a trading update. We have published research on this which is attached and a snapshot of the research is below.

Hybridan

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Hybridan Small Cap Feast: 4 December 2025

The Company expects EBITDA for the FY December 2025 to be significantly ahead of expectations while revenue to be broadly in line.

Hybridan

Hybridan Research: Physiomics plc: Building Lasting Traction

The progress made by the operational expansion is evidenced by these finals to June 2025, which report a 46% increase in Revenue to £0.83m. The...

Hybridan

Strategic Minerals PLC - Hybridan Small Cap Feast: 11 December 2025

* A corporate client of Hybridan LLP. ** Potential means Intention to Float (ITF) or similar announcement has been made. ***Arranged by type of...

Hybridan

Hybridan Small Cap Feast: 10 December 2025

Aptitude Software Group 293p £161.44m (APTD.L) The provider of finance transformation software solutions specialising in fully autonomous finance...

Hybridan

Hybridan Research: Physiomics plc

Physiomics PLC (PYC) announced a trading update. We have published research on this which is attached and a snapshot of the research is below.

Hybridan

* A corporate client of Hybridan LLP. Potential means Intention to Float (ITF) or similar announcement has been made. *Arranged by type of...