24th Sep 2026 20:02
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Amirose London Holdings PLC - contract manufacturing service provider in the personal care sector - Pretax loss widens to GBP692,625 in the year to March 31 from GBP240,044 a year ago. Revenue rises 25% to GBP13.7 million from GBP11.0 million. Loss reflects costs associated with the reverse takeover completed during the period and admission to trading on the Aquis Stock Exchange Growth Market. Says these investments have created "an important platform for the future, while continued revenue growth and positive operating cash generation demonstrate the underlying strength of the business." Raised GBP440,500 through the admission subscription and subsequent placings. Looking ahead, says it enters the new financial year with a larger customer base, a stronger management team and improving margins. Notes "profitable" trading in the three months to June 30 as the trading business records a profit before tax of GBP121,340 on revenue of GBP3.35 million, with gross margin of 41.7% higher than 35.2% in the same period last year. Says priorities are to "sustain that improvement in margin and convert it into profit at group level," as well as "improve the availability and cost" of funding and "continue to make better use of the capacity available at Thetford."
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System1 Group PLC - London-based advertising and communications agency - Raises pretax profit guidance for the year to March 31 2027 to GBP5.0 million from GBP4.2 million before. Continues to expect revenue in line with consensus of GBP38.8 million. In the five months to August 31, adjusted pretax profit rises to GBP2.1 million from GBP300,000 a year ago. Chief Executive James Gregory comments: "I am incredibly proud of the results the team have achieved so far this year. Double digit revenue growth demonstrates the momentum we are seeing across the business alongside the successful delivery of efficiency measures. Whilst we have maintained our revenue forecast at the same level as current consensus market expectations, we have identified further cost savings and efficiency measures that have enabled the board to increase our forecast of adjusted profit before taxation for [2027] to GBP5.0 million. We look forward to updating shareholders on our progress with our half year trading update in late October."
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Clean Power Hydrogen PLC - Doncaster, Yorkshire-based green hydrogen technology and intellectual property company - First half pretax loss widens to GBP5.5 million from GBP3.7 million a year ago. Reports no revenue compared to GBP4,000 in the prior-year period. In May, Clean Power notified the market of an unexpected incident during the third and final stage of factory acceptance testing for its MFE220 1-megawatt unit. During a shutdown procedure, the unit experienced significant damage. In June the company announced its decision not to restart activities relating to factory acceptance testing for the MFE220 electrolyser and instead pursue alternative, non-manufacturing commercial activities. Clean Power said it lacked the financial and engineering resources to continue manufacturing. It requested its shares be suspended in London following the incident. The suspension was lifted in July. CEO Richard Scott, appointed in July, says Clean Power showed "significant progress" in the half prior to this "significant setback". Says following its oversubscribed fundraise, leadership overhaul and strategic shift it is now "in a strong position with significantly reduced cash burn going forward." Adds: "The reset has allowed us to reposition the company towards more attractive capital-light model and the flexibility to enter higher growth global markets, better aligned with our core strengths and capabilities. Our focus is now firmly on executing the new strategy and generating renewed commercial traction." Says its existing three licensees across 14 countries "remain an important foundation" for the revised commercial model, and that it is "encouraged that the licensees have continued to support the business following the testing incident."
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Asiamet Resources Ltd - company focused on the development of a portfolio of large copper, copper-gold and polymetallic deposits in Indonesia - First half net loss narrows to USD2.4 million from USD2.5 million a year ago. Post period end, the company completed the sale of Indokal Ltd to Norin Mining (Hong Kong) Ltd, after which it announced a USD93.0 million special cash dividend to shareholders. It had agreed to sell the asset to Norin back in November for USD105 million. Looking ahead, says it continues to assess "the appropriate path forward" for its Beutong copper and gold project, as well as its broader strategy.
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Coral Products PLC - Manchester, England-based maker of bespoke plastic products - Board reaches agreement with CEO Ian Hillman and Finance Director Paul Rice, under which they step down immediately. Paul Rice remains chief financial officer and Ian Hillman an employee. Non-executive Chair David Low is named interim executive chair and will oversee day-to-day operations. Additionally, says market conditions remain challenging. Records sales in its financial first quarter to July 31 in line with budget, but says profitability has been "significantly below budget and the same period last year."
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Foresight Enterprise VCT PLC - venture capital trust focused on UK investments - Net asset value per share falls 3.0% to 48.3 pence at June 30 from December 31. NAV total return is minus 3.0% given "continued difficult market conditions" but says "overall resilience of the portfolio is encouraging" with a 3-year return of plus 9.8%. Notes GBP38.6 million fundraise during the period and the continued deployment of capital, making three new investments and four follow‑on investments. Comments: "The board remains confident in the manager's disciplined investment approach, with a continued focus on backing well‑researched businesses operating in sectors where attractive long-term growth prospects are supported by strong underlying fundamentals. This, together with the manager's hands-on approach to portfolio management and support to investee companies, gives the board confidence about the company's potential for future performance." Pays no dividends for the period.
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Vault Ventures PLC - London-based technology development company focused on blockchain, AI, and augmented reality - Updates on its post-quantum cryptography-based technology platform, with which it intends to provide financial institutions and regulatory bodies "tools to support the integrity and verification of electronic communications in a post-quantum environment." Says it has continued to progress the platform through its engineering partnership with Whitespace. The platform's core architecture has now been defined and a detailed use case mapped against a retail bank's end-of-day processes, Vault says. Additionally, the partners have established a co-design programme. Earlier this week, Venture said it intends to change its name to Sentry 7 and appoint Mark Evans-Smith as its first chief executive officer
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First Property Group PLC - property fund manager and investor in UK and Central Europe - Holds its annual general meeting, at which it has proposed the resumption of dividend payments with a final dividend of 0.25 pence per share, or GBP370,000 in total. Additionally, removes resolution 7 to authorise its directors to allot shares under section 551 of the Companies Act 2006 worth up to GBP492,810; resolution 8, conditional on the passing of resolution 7, to disapply statutory pre-emption rights, including in respect of shares worth up to GBP295,686; and resolution 9 to authorise repurchases of up to 14.8 million shares. Says upon review of proxy votes, it concludes the resolutions would be unlikely to receive the majorities required to pass.
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By Aidan Lane, Alliance News reporter
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Foresight EntSystem1 GroupClean Power HydCoral ProductsAsiamet Resources LimitedFirst Property