Edison and Aquis: Insights from Aquis's class of 2025 celebration

1. Aquis Exchange

Aquis delivered strong growth in 2025 despite difficult conditions, says David Stevens, CEO of Aquis Exchange, citing record trading, more than £300m raised and 12 IPOs. He says the group is focused on sustaining momentum through innovation, improving the IPO process and expanding issuer support. The SIX acquisition should add scale across trading, technology and listings while preserving Aquis’s challenger culture.

Aquis Exchange operates a pan-European equities trading venue, the Aquis Stock Exchange for growth companies, and Aquis Technologies, which develops exchange software. It is part of SIX, positioning Aquis as a platform for broader European market access.

2. B HODL

Bitcoin can be made productive rather than passively held, says Freddie New, CEO of B HODL, highlighting the company’s strategy of combining treasury holdings with Lightning Network node operations that generate routing fees. B HODL holds just over 161 BTC and is expanding its node network, where liquidity management and optimisation create a barrier to entry.

B HODL (AQSE: HODL) is a bitcoin treasury company focused on accumulating bitcoin and generating income through Lightning Network node operations. It aims to make bitcoin holdings productive via transaction routing fees.

3. IntelliAM AI

Machine learning can help manufacturers predict failures and reduce downtime, says Keith Smith, co-founder and COO of IntelliAM AI. The platform uses machine data to support proactive maintenance and improve efficiency. He highlights the larger US market opportunity and the company’s partnership with SKF, including co-development of connected lubrication systems.

IntelliAM AI (AQSE: INT) is a software-led asset management business using machine learning to help manufacturers improve reliability and performance. Its platform supports predictive maintenance and operational decision-making, particularly in fast-moving consumer goods.

4. Premier Miton Group

Global capital is starting to rotate towards UK equities, particularly income stocks, says Gervais Williams, head of equities at Premier Miton, as investors seek diversification from concentrated large-cap exposure. He notes strong UK performance in 2025 and early 2026, with small caps no longer lagging. Recovery is likely to begin with modest reallocations into small and micro caps, where flows can have an outsized impact, supported by improving secondary deal flow.

Premier Miton Group (LSE: PMI) is a UK-based active investment manager offering equity, fixed income, multi-asset and absolute return strategies via funds, investment trusts and portfolio services.

5. Sterling Digital

Stranded gas offers a compelling low-cost energy source for off-grid Bitcoin mining, says Dragan Jovanovic, founder and CTO/COO of Sterling Digital. The company is developing modular mining operations in the US, starting in Texas, using gas that would otherwise be flared. Rising AI-driven power demand is making grid electricity less attractive, supporting the case for off-grid mining as Sterling moves towards initial deployment and scaling.

Sterling Digital (AQSE: ASIC) is an Aquis-listed bitcoin mining and digital-asset treasury company. It plans to deploy containerised mining facilities on stranded US natural gas sites, using low-cost off-grid power to mine bitcoin while monetising gas that would otherwise be flared.

6. Sulnox Group

Fuel-conditioning products can reduce fuel use and emissions without engine changes, says Sophie Eleftheriou, senior commercial manager at Sulnox Group. She highlights reported savings of around 5% in marine use and up to 15% in generators, alongside lower emissions. She argues fuel-reliant sectors such as shipping and mining will remain dependent on combustion engines, supporting demand as distribution agreements develop.

Sulnox Group (AQSE: SNOX) develops fuel-conditioning products designed to improve combustion efficiency and reduce emissions from diesel and other liquid hydrocarbon fuels. It targets sectors such as shipping, logistics, mining and power generation without requiring engine modifications.