10th Aug 2026 15:22
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued since the start of August and not separately reported by Alliance News:
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Alternative Income REIT PLC - real estate investment trust focused on specialised alternative property sectors - Net asset value per share declines to 83.3 pence at June 30 from 84.4p the quarter prior. This reflects the small reduction in the group's property portfolio and exceptional costs associated with corporate activity. Given the on-going corporate activity, the board expects that the exceptional costs will continue in the new financial year to June 30 2027. Alternative Income REIT is the subject of an offer from Glenstone REIT PLC which it opposes, preferring a rival tilt from AEW UK REIT PLC. "This period of corporate activity has resulted in the board devoting significant time and resources to evaluating the various proposals. The board recognises that these matters may have raised some uncertainty for shareholders, but the board is committed to consider the best interests of all shareholders," it says. At June 30, the group held 19 properties valued at GBP103.1 million, down slightly from GBP103.5 at March 31. EPRA earnings per share increase 21% to 1.7p versus 1.4p at March 31, but adjusted EPS plummets 36% to 0.9p from 1.4p.
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Trekor Metals Ltd - North America-focused copper producer formerly known as Taseko Mines - Adjusted earnings before interest, tax, depreciation and amortisation totals USD125.1 million in the three months ended June 30, multiplied from USD17.4 million the year prior. Adjusted net income is USD40.5 million, swung from USD13.02 million loss the year before. Adjusted basic earnings per share are USD0.11, swung from a loss of USD0.04 per share a year before. Revenue nearly triples to USD330.6 million from USD116.1 million. "Record copper prices and strong production at Gibraltar led to some of the best results we have ever recorded," says Chief Executive Stuart McDonald. "We expect strong financial performance in the coming quarters with production growth at Florence Copper, and as our margins are no longer limited by the USD5.40 copper collars which matured in June," he adds. Production guidance remains unchanged for Gibraltar (110 million to 115 million pounds) and Florence Copper (30 million to 35 million pounds). At June 30, the company had a cash balance of USD186 million and total available liquidity of USD342 million, including its undrawn corporate revolving credit facility.
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Ferrexpo PLC - Baar, Switzerland-headquartered iron ore producer - Provides an update on proceedings against its subsidiary Ferrexpo Poltava Mining in Ukraine. Says that after a review regarding compliance with currency control restrictions, FPM has been fined around USD788 million. FPM considers the review to be "irregular on the grounds that it was conducted with multiple procedural violations and that the tax authority failed to consider relevant factual circumstances, including arbitration awards under several export contracts." Those awards procedurally preclude the imposition of penalties in respect of those contracts, which account for the majority of the penalty assessed, it says. FPM has filed a formal objection to the report and plans to challenge any tax notices-decisions. It says the financial liabilities set out in the TNDs remain unconfirmed and unenforceable.
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PetroTal Corp - Calgary, Alberta-based oil producer - Net income drops to USD20.1 million in the six months ended June 30 from USD48.4 million the year prior. Ebitda is USD69.7 million, down from USD113.6 million. First half production averages 13,726 barrels of oil per day, down from 22,153 a year ago, but 3% ahead of budget expectations. Company says its development drilling campaign is progressing on schedule. "The Estrella drilling rig is now in Peru and we have increasing confidence that drilling will resume in accordance with our October target date. Delivery on these key project milestones reflects strong execution by our operations and drilling teams and lays the groundwork for a return to production growth in 2027. Looking ahead, we remain focused on disciplined capital allocation and advancing our drilling campaign as we work toward that objective," says Chief Executive Manuel Pablo Zuniga-Pflucker.
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Aeorema Communications PLC - London-based live events agency - Confirms that trading in the six months ended June 30 has been "strong" and now expects to exceed current market expectations for the full year. Expects 2026 sales of not less than GBP22.0 million, ahead of market expectations of GBP20.4 million, and pretax profit, excluding non-trading foreign exchange gains and losses, to be not less than GBP810,000, above market expectations of GBP740,000. The performance reflects continued strong demand from the group's global client base, alongside the benefits of the restructuring and operational changes implemented during 2025. In the first half of 2026, it expects revenue to be no less than GBP17.4 million, up 32% on the prior year, and pretax profit, excluding non-trading foreign exchange gains and losses, to be no less than GBP1.5 million.
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Rights and Issues Investment Trust PLC - investor in smaller UK companies - Net asset value per share climbs 4.1% to 2,711.4 pence at June 30 from 2,603.7p at the end of 2025, underperforming the FTSE All-Share Capital Index which rises 5.3% over the same period. Discount to net asset value closes to 19% at June 30 from 24% six months earlier. Declares an interim dividend of 12.5p per share, up from 12.25p the year before.
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Chrysalis Investments Ltd - Guernsey-based, UK and Europe-focused investor - Net asset value per share is 131.09 pence at June 30, down 2.1% from March 31. "This movement largely reflects stock specific factors, with the decrease in key peer valuations being a major driver of the diminution in Starling's carrying value," the firm says.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Alternative IncAew Uk ReitTaseko Mines LimitedFerrexpoPetroTalAeorema Comm.Chrysalis Inves