27th Nov 2025 18:28
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News:
----------
Altitude Group PLC - marketplace operator for the promotional products industry - Swings to pretax loss of USD591,000 for the six months to September 30 from pretax profit of USD55,000 the year prior, despite revenue rising 18% to USD21.6 million from USD18.3 million. Net debt rises to USD2.3 million from USD800,000. Revenue growth reflects a strong merchanting performance from newly onboarded Gear Shop sites and continued expansion across the ACS affiliate network. But margins moderate, as expected, due to the greater weighting of lower-margin merchanting revenue and the early-stage contribution profile of new Gear Shop sites. The uplift in net debt reflects the working capital investment required to bring new Gear Shop sites into operation, including the increase in total inventory held across the expanded store base, the company says. "As we move into the second half, our focus remains firmly on accelerating progress in the core AIM business, improving scalability, and positioning the group for sustainable growth into FY27 and beyond," comments Chief Executive Alexander Brennan.
----------
Palace Capital PLC - London-based property investor - Swings to pretax profit GBP300,000 in the six months ending September from loss of GBP900,000 the year prior. EPRA net tangible asset per share is 244 pence, down from 251p, with net asset value of GBP49.4 million, down 32% from GBP72.5 million. Says the first half saw progress on returning cash to shareholders and it now only has five investment properties remaining. "The success of our disposal strategy since July 2022 means that the company is debt-free and has an unencumbered portfolio, which enables both flexibility and optionality over the timing of its disposal programme. Assuming that the properties currently under offer are sold, it is anticipated that the company will return further cash to shareholders through another tender offer in the first quarter of 2026," it says. Notes that dividends paid to shareholders since July 2022 total GBP18.7 million.
----------
Gelion PLC - London-based battery energy storage systems firm - Pretax loss narrows to GBP6.0 million in the financial year to June 30 from GBP8.0 million the year prior, as total income rises to GBP2.7 million from GBP2.0 million. This includes first-ever revenue from contracts with customers of GBP912,000. Explains this is consistent with market expectations and marks the company's transition into a commercial revenue phase. "2025 has been a defining year for Gelion, marked by major breakthroughs in Sulfur battery technology and the formation of powerful global partnerships that accelerate our path to commercialisation," says Chief Executive John Wood. "We are confident in our strategy and the scale of the opportunity ahead," he adds, noting strong partner engagement, growing validation from Tier-1 manufacturers and the support shown in the oversubscribed fundraise post year-end.
----------
Vp PLC - Harrogate, England-based equipment rental company - Pretax profit slumps 44% to GBP11.0 million in the half year ending September from GBP19.5 million the year prior. Revenue drops 2.3% to GBP188.4 million from GBP192.5 million. Describes performance as "solid" given the difficult macro-economic environment and market backdrop, which has continued into the second half of the financial year. Vp explains the reduction in profit reflects challenges in the UK market, in particular in Brandon Hire Station, where "decisive actions have been taken to reposition the division." More positively, it highlights a strong performance in the International segment led by good growth levels in Ireland and Germany. Holds the interim dividend at 11.5p per share. Despite the uncertainty, says full-year performance is currently expected to be in line with market expectations. Vp says the company compiled consensus is for full-year revenue of GBP386.1 million and pretax profit before one-offs of GBP37.3 million. In addition, the process to recruit a new chief executive is in progress.
----------
Cardiff Property PLC - Surrey, England-based property investor and developer - Pretax profit perks up 21% to GBP1.7 million in the financial year to September from GBP1.4 million a year ago, or to 132.90 pence per share from 102.75p. Revenue for the year is flat at GBP700,000. Net asset value per share is GBP30.53, up 4.2% from GBP29.31, and the dividend is increased 17% to 27.5p per share from 23.5p. Chair Richard Wollenberg comments: "The Thames Valley commercial and residential property market has remained quiet over the year. Until investors see consistent signs of stability and credible growth prospects the market will remain subdued." He also points to confidence in the property sector being at a "low ebb" as investors continue to be buffeted by ongoing concerns over the economic trajectory for the UK.
----------
By Jeremy Cutler, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Altitude GroupPalace CapitalCardiff PropertyVpGelion