Libertine Holdings PLC - Sheffield, England-based technology for power generation from renewable fuels - In the financial year ended March 31, revenue jumps to £824,000 from £32,000 a year before, as pretax loss widens to £3.3 million from £817,000. Says it delivered £2.9 million of commercial and grant revenue during the period, up from £100,000. Since March, has completed performance validation prototype design and manufacture for the combustion testing of Mahle Powertrain, which will take place in third quarter of financial 2023. Also notes the award of additional grant funding to support developing the Mahle Powertrain. Looking ahead, will continue to focus on developing long-term relationships with original equipment manufacturers, manufacturing partners and strategic development partners.

Chief Executive Sam Cockerill comments: ‘We are pleased to have delivered both technical and commercial progress in the period in line with our plans set out at IPO. Our fundraising and listing on the London Stock Exchange’s AIM market have enabled us to continue to invest for growth and support the use of Libertine’s technology by our customers and strategic partners.’

Current stock price: 19.45 pence, up 2.4% on Wednesday

Change since December: down 2.8% from IPO price of 20p

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