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EARNINGS: Afentra's interim profit falls but crude lifting boosts cash

9th Sep 2025 13:10

(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Sylvania Platinum Ltd - South Africa-focused platinum group metals producer and developer - Reports net revenue of USD104.2 million for the year ended June 30, up from USD81.7 million the year before. Earnings before interest, tax, depreciation & amortisation climbed to USD29.3 million from USD13.5 million, and net profit surged to USD20.2 million from USD7.0 million, while pretax profit rose to USD27.7 million from USD13.5 million. Sylvania declares a final dividend of 2 pence per share for a total payout of 2.75p, against the prior year's 2p annual dividend and 1p special dividend. Also says production exceeded guidance. Total 4E platinum group metals from Sylvania Dump Operations increased 11% on-year to "a new record of" 81,002 ounces from 72,704 ounces, and 6E PGM rose 13% to 104,233 ounces from 92,426 ounces. For the current financial year, Sylvania targets 4E PGM production of between 83,000 and 86,000 ounces, and 100,000 to 130,000 tonnes of chromite concentrate through its Thaba joint venture.

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EPE Special Opportunities Ltd- Bermuda-based investment company - Net asset value per share is 301p as of July 31, down from 319p one year prior and down 8% from 328p on January 31. Pretax loss for the six months ended July 31 totals GBP9.1 million, widened on-year from GBP1.5 million. Interest income decreased to GBP164,347 from GBP374,341, and EPE swung to a net fair value loss on investments totalling GBP7.4 million, against the prior year's gain of GBP256,129. Highlights from its portfolio companies include Luceco PLC reporting double-digit half-year growth in a recent trading update, and maintaining full-year guidance in line with expectations, while Rayware has delivered on-year sales growth despite "challenging trading conditions". EPE reports a cash balance of GBP16.1 million as of August 31, after the completion of a debt facility refinancing by Whittard of Chelsea. This was up from GBP7.0 million as of July 31.

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Afentra PLC - Africa-focused oil and gas company - Reports results for the first half of 2025. Says revenue decreased on-year to USD52.0 million from USD73.1 million, with pretax profit falling to USD10.6 million from USD29.0 million. Cash and equivalents stood at USD14.0 million at the period's end, down from USD46.9 million as of December 31, but Afentra received additional cash of USD35.4 million in July due to a crude oil lifting completed on July 1. Gross average combined production for Block 3/05 and 3/05A was around 21,350 barrels of oil per day, down from 22,722 bopd. Rates from late June surpassed 23,000 bopd after "an acceleration of light well intervention activities", and gross production in July and August averaged 22,172 bopd. Afentra says its multi-year redevelopment plan remains on track, targeting increased recovery and production growth, with first-half progression including ten light well interventions delivered to date; various upgrades to infrastructure; and platform surveys and access preparation, which should "support rig mobilisation and drilling in 2026".

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Tialis Essential IT PLC - Edinburgh-based IT support services provider - Reports revenue of GBP8.8 million for the first half of 2025, down from GBP10.7 million the prior year. Says the decrease is "primarily due to delayed customer orders in the context of a challenging financial market environment", but it "believes these conditions are cyclical and that underlying demand...remains robust". Pretax loss narrows to GBP912,000 from GBP991,000. Adjusted Ebitda, which excludes impairment charges, non-underlying items, and "loss on disposal of fixed assets and share-based payment", has increased to GBP950,000 from GBP936,000. Amortisation & impairment decreased to GBP677,000 from GBP1.1 million, and charges for share-based payments decreased to GBP98,000 from GBP176,000. "New business wins for 2025 are in line with the budget, with significant contract wins due to be signed in H2 2025," Tialis adds. Looking ahead, it expects full-year trading to remain in line with current market expectations.

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Flowtech Fluidpower PLC - Cheshire, England-based supplier of fluid power products, systems and solutions - Revenue for the first half of 2025 has increased 2.1% to GBP56.9 million from GBP55.7 million the year before. Swings to continuing pretax loss of GBP79,000 from profit of GBP338,000. Total administrative expenses increased to GBP19.3 million from GBP18.0 million. Cash & equivalents totalled GBP422,000 as of June 30, down from GBP6.4 million one year prior. Flowtech says revenue is down 12% on-year on a like-for-like basis, removing contributions from acquisitions. However, revenue rose 5% LFL compared with the second half of 2024, "highlighting more positive momentum gains in the period with June representing the strongest month of revenue, gross margin, and Ebitda contribution for over 12 months". Expects "higher levels of profitability and strong cash generation" in the second half, despite also anticipating "continuing challenging and volatile industrial markets".

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Pebble Group PLC - Manchester, England-based services provider for the global promotional products industry - Reports pretax profit of GBP2.6 million for the first half of 2025, down 10% from GBP2.9 million the year before. Revenue decreased 4% to GBP58.6 million from GBP60.8 million, "with revenue from new contract wins at Brand Addition partially offsetting softening in some existing client spend". Adjusted Ebitda, which is before share-based payment charges or credit, fell 16% to GBP6.2 million from GBP7.4 million, which Pebble says reflects revenue variance at Brand Addition alongside planned investment in sales and marketing to accelerate new Facilisgroup partner wins. Adds that this investment "is already delivering results". Brand Addition revenue decreased 3.7% to GBP50.0 million from GBP51.9 million, while Facilisgroup revenue edged lower to GBP8.3 million from GBP8.5 million. Pebble describes the half-year results as "robust" and reflective of the "uncertain" environment in which Brand Addition clients are operating. The company expects full-year results to align with market expectations, with sales activity from new and existing Brand Addition clients for the rest of the year keeping total revenue stable.

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accesso Technology Group PLC - Berkshire, England-based provider of software for the leisure, entertainment and cultural sector - Reports pretax profit of USD1.9 million for the six months ended June 30, multiplied from USD295,000 the year before. Revenue decreased 1.9% to USD67.9 million from USD69.2 million, and decreased 1.0% excluding the disposal of its Brazilian subsidiary in January and the exit from its business-to-consumer arm in May last year. Ticketing & distribution revenue rose 2.5% to USD53.1 million, and Professional Services revenue rose 4.8% to USD4.4 million, but Guest Experience revenue fell 21% to USD10.4 million. Finance expenses decreased to USD697,000 from USD1.2 million. accesso still expects full-year revenue towards the lower end of its guidance range, but says robust July and August trading gives it confidence "that the weakness seen in June has not carried forward". "While near-term conditions may remain variable, our diversified model, enhanced product set, and improved commercial execution give us confidence in delivering long-term growth," accesso says.

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PCI-PAL PLC - London-based secure payment solutions provider - Pretax loss for the year ended June 30 comes to GBP172,000, narrowed from a GBP1.7 million loss the previous year. Revenue increased 25% on-year to GBP22.5 million from GBP18.0 million, and annual recurring revenue saw "a record uplift" of 25% to GBP19.3 million from GBP15.5 million, while contracted ARR rose 16% to GBP22.2 million from GBP19.2 million. Adjusted Ebitda, which excludes "exchange movements charged to the profit and loss and expenses relating to share option charges", more than doubled to GBP2.3 million from approximately GBP870,000. Cash & equivalents stood at GBP3.9 million at the year's end, down from GBP4.3 million one year prior. PCI-PAL says trading so far in financial 2026 is in line with the board's expectations, and that it "continues to experience robust demand" and is well-positioned to accelerate organic growth and "capitalise on the growing adoption of Conversational AI solutions within contact centres".

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By Emma Curzon, Alliance News reporter

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


Related Shares:

Sylvania PlatinumEpe Special OppLucecoAfentra Plc.Tialis Essen ItFlowtech Fluid.The Pebble Gro.Accesso Technology GroupPci-pal
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