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Iconic Labs plc (ICON) AI Stock Analysis

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GB:ICON

Iconic Labs plc

(LSE:ICON)

Select Model
Rating:42Neutral
Price Target:GBX 1.00â–¼(-20.00% Downside)
Action:reiterated
Date:10/28/26

The score is driven primarily by very weak financial performance (near-zero revenue, recurring operating losses, negative equity, and negative operating/free cash flow), which materially elevates solvency and funding risk. Technicals are also bearish with the price below key moving averages and a negative MACD, despite oversold readings. Valuation provides limited support because the negative P/E reflects losses and dividend yield is unavailable.

Positive Factors
Digital media business modelThe company operates in digital media and online publishing, with a model centered on building and monetising owned audiences. If these assets remain active, the approach can support scalable distribution and multiple marketing-related revenue opportunities without relying solely on physical operations.
Negative Factors
Near-zero revenue and persistent operating lossesNear-zero recent revenue and consistently negative EBIT indicate that the core operating model is not currently producing a meaningful earnings base. This weakens the company’s ability to fund investment internally, sustain its digital activities, or absorb further business setbacks without external support.

Iconic Labs plc (ICON) vs. iShares MSCI United Kingdom ETF (EWC)

-60%-40%-20%0%20%40%60%GB:ICON-44.44%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 224.98K
Dividend Yield
―
Average Volume (3M)
181.59K
Price to Earnings (P/E)
-0.3
Beta (1Y)
0.20
Revenue Growth
―
EPS Growth
26.98%
Country
UK
Employees
3
Sector
Communication Services
Sector Strength
60
Industry
Advertising Agencies

Iconic Labs plc Business Overview & Revenue Model

Company Description

Iconic Labs Plc functions as a media and technology enterprise, primarily concentrating on digital marketing solutions and developing products powered by content and advanced technology. The company also engages in digital and social media publishing...

Iconic Labs plc Financial Statement Overview

Summary

Very weak fundamentals: revenue has effectively fallen to near-zero in recent years, operating losses persist (negative EBIT across all years shown), equity is negative throughout (solvency risk), and operating/free cash flow is mostly negative, indicating ongoing cash burn and funding pressure.

Income Statement

8Very Negative

Balance Sheet

6Very Negative

Cash Flow

10Very Negative
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2023Jun 2022
Income Statement
Total Revenue0000026.82K
Gross Profit0000026.24K
EBITDA-475.79K-475.79K-555.12K4.77M52-759.60K
Net Income-548.88K-548.88K-628.23K4.77M418.95K-762.00K
Balance Sheet
Total Assets21.55K21.55K95.04K50.24K139.34K6
Cash, Cash Equivalents and Short-Term Investments4,3634,36335.74K50.24K129.31K5
Total Debt3.53M3.53M3.08M1.94M2.65M2.42M
Total Liabilities4.50M4.50M4.06M3.69M2.86M8.94M
Stockholders Equity-4.48M-4.48M-3.96M-3.64M-2.72M-8.94M
Cash Flow
Free Cash Flow-192.76K0-448.07K-919.76K-802.71K-50.92K
Operating Cash Flow-446.87K-446.88K-448.07K-919.76K-802.71K-50.92K
Investing Cash Flow000000
Financing Cash Flow415.50K415.50K354.50K970.00K881.78K0

Iconic Labs plc Technical Analysis

Technical Analysis SentimentNegative
Last Price1.25

Price Trends

50DMA1.60Negative
100DMA1.59Negative
200DMA1.73Negative

Market Momentum

MACD-0.11Positive
RSI26.31Positive
STOCH17.33Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ICON, the sentiment is Negative. The current price of 1.25 is below the 20-day moving average (MA) of 1.54, below the 50-day MA of 1.60, and below the 200-day MA of 1.73, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 26.31 is Positive, neither overbought nor oversold. The STOCH value of 17.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:ICON.

Iconic Labs plc Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

GB:ICON against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:SYS1GB:SYS162NeutralGBP 41.87M31.889.14%1.82%-1.27%-70.61%
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
GB:TMGGB:TMG56NeutralGBP 24.46M-1.57-26.56%―13.48%-495.86%
GB:MDZGB:MDZ50NeutralGBP 1.54M1.8868.09%―29.26%―
GB:DNMGB:DNM47NeutralGBP 19.52M-27.66-10.38%―2.25%-158.24%
GB:ICONGB:ICON42NeutralGBP 230.19K-0.3412.60%――26.98%
GB:MIRIGB:MIRI40NeutralGBP 409.74K-0.00-148.46%―――

* Communication Services Sector Average

Performance Comparison

0%100%200%GB:ICONGB:MDZGB:TMGGB:SYS1GB:MIRIGB:DNMDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:ICON and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:ICONIconic Labs plc1.25-1.00-44.44%
GB:MDZMediazest plc0.07-0.03-25.00%
GB:TMGThe Mission Group plc27.006.5031.71%
GB:SYS1System1 Group plc330.0094.3040.01%
GB:MIRIMirriad Advertising plc0.010.000.00%
GB:DNMDianomi Plc65.0047.50271.43%

Iconic Labs plc Corporate Events

Business Operations and StrategyFinancial Disclosures

Iconic Labs Stays in Cash-Shell Limbo as Hunt for RTO Target Continues

Negative
Oct 22, 2026

Iconic Labs Plc, a former media and technology venture now operating as a cash shell on the London Stock Exchange, is concentrated on acquiring a new business through a reverse takeover after exiting administration. With Gay Star News as its only ass...

Delistings and Listing ChangesRegulatory Filings and Compliance

Iconic Labs Updates Share Capital and Admits New Stock to LSE Main Market

Neutral
Sep 30, 2026

Iconic Labs PLC is a London-listed company with ordinary shares traded on the Main Market of the London Stock Exchange, providing investors with a single-class equity structure in which each low‑denomination share carries one voting right. The...

Private Placements and FinancingRegulatory Filings and Compliance

Iconic Labs Expands Share Capital Through Convertible Note Conversion

Neutral
Sep 30, 2026

Iconic Labs PLC has received a valid conversion notice for one convertible note, resulting in the issuance of 370,370 new ordinary shares at a conversion price of GBP 0.0135 per share and an aggregate principal amount of £5,000. The new shares a...

Private Placements and FinancingRegulatory Filings and Compliance

Iconic Labs Issues New Shares Following Convertible Note Conversion

Neutral
Sep 14, 2026

Iconic Labs PLC has received a valid notice to convert one of its outstanding convertible notes into equity, resulting in the issue of 420,168 new ordinary shares at a conversion price of GBP 0.0119 for a principal amount of £5,000. The new shar...

Delistings and Listing ChangesRegulatory Filings and Compliance

Iconic Labs updates total voting rights after new share admissions

Neutral
Aug 28, 2026

Iconic Labs plc has confirmed that its issued share capital now comprises 16,780,647 ordinary shares of £0.0001 each, all carrying one voting right and with no shares held in treasury, establishing the total number of voting rights shareholders...

Private Placements and FinancingRegulatory Filings and Compliance

Iconic Labs Increases Share Capital Following Convertible Note Conversion

Neutral
Aug 26, 2026

Iconic Labs plc has received a valid conversion notice for one of its convertible notes, resulting in the conversion of £5,000 principal into 427,350 new ordinary shares at a price of £0.0117 per share. The new shares, each with a nominal v...

Regulatory Filings and Compliance

Iconic Labs Confirms Total Voting Rights at 16.4 Million Shares

Neutral
Jul 31, 2026

Iconic Labs PLC has confirmed that, as of 31 July 2026, its issued share capital comprises 16,410,277 Ordinary Shares of £0.0001, each carrying one voting right. The company holds no shares in treasury, so the total number of voting rights fully...

Private Placements and FinancingRegulatory Filings and Compliance

Iconic Labs Boosts Share Capital After Convertible Note Conversion

Neutral
Jul 29, 2026

Iconic Labs PLC, a London-listed company whose ordinary shares represent its voting rights base, operates within the framework of U.K. financial regulation, including the FCA’s transparency regime and the Market Abuse Regulation. Its capital ma...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 28, 2026