The tile retailer published a Q1 trading update this morning which offered investors some cause for cheer. Noting market outperformance, the company also saw continued growth in its online sales and added that its trade app is expected to go live in Q3, an initiative that is expected to improve both customer loyalty and lifetime value. The selective acquisitions made in recent months are also yielding results and the Topps Tiles share price was trading more than 3% higher shortly after the bell.
Down into the small caps and Galantas Gold announced this morning that it had acquired the Adnacollo Oro gold project in Chile for a total consideration of $32m, payable over the next four years, along with a significant equity stake in Galantas. Given the continued support for gold prices right now, the market has been supportive of the move and the Galantas share price is up around 85% in early trade.
Another small cap mover this morning was the investment incubator Tekcapital, following the publication of an update on one of its portfolio companies. Innovative Eyewear reported unaudited sales for Q4 of $1m, up 45%, with FY25 sales now expected to be 65% higher. The investee company’s management team have also committed to buying further stock in the company. Tekcpaital may only own 17% of Innovative Eyewear, but the Tekcapital share price was up around 8% by 8.45am.
Most read news on Investegate this morning
Q1 Trading Update - - Topps Tiles (TPT)
H1 FY 2026 Trading Update - - EnSilica (ENSI)
December 2025 Quarter Production Update - - Greatland Gold (GGP)
