30th Mar 2026 14:57
The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Technology Minerals PLC - London-based company focused on the battery metal circular economy - Pretax loss widens to GBP13.6 million in the year ended June 30, 2025 from GBP7.5 million in financial 2024, with the company booking a GBP7.0 million loss on the partial sale of its 70% stake in an Idaho copper project, offset by a GBP400,000 gain on the sale of Irish lithium assets. Net finance costs rise to GBP2.2 million from GBP1.7 million. Revenue, however, improves to GBP1.5 million from GBP547,000. Notes that it has renewed a black mass offtake dealing with mining house Glencore PLC, for which deliveries began a year ago, and which "is currently surpassing the contracted 20 tonnes a month". Also notes last July as the first month of positive cash flow for 48%-owned subsidiary Recyclus, and that Recyclus in August secured a GBP1.1 million loan from Close Brothers Group PLC. Adds that it has agreed on amendments for an inter-company loan to Recyclus. Chief Executive Alex Stanbury says the subsidiary "is well positioned to scale its operations and capture the significant opportunities emerging in the battery recycling sector." Stanbury continues: "Looking ahead, we will focus on advancing the company's exploration portfolio alongside our strategic holding in Recyclus, while also identifying new opportunities for growth through the broader implementation and expanded use of circular economy processes. This is an area of expected growth, driven by the need for greater national resource resilience, increasing demand for [lithium ion] batteries, and the accelerating pace of technological advancement."
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AOTI Inc - The wound healing-focused medical technology company - Swings to pretax profit of USD3.0 million in 2025 from a USD945,000 loss the year prior, as revenue jumps 14% to USD66.5 million from USD58.4 million. Attributes this primarily to Medicaid business in the US, which represents roughly 45% of total sales, and grew 38% over the course of the year. Notes that it "has intensified its efforts with the Arizona state Medicaid agency to secure a positive resolution to the ongoing reimbursement issues that have persisted for more than a year... However, a resolution is not expected by 1 April 2026. Consequently, the company has no alternative but to cease the treatment of new Medicaid patients in Arizona from this date." Says it "has adapted where needed to navigate market headwinds" in a year "marked by significant uncertainty across the US healthcare sector". Predicts that 2026 will "remain a transitional year" as it grapples with "ongoing challenges", but sees New York Medicaid and Veterans Administration business driving sales.
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Sintana Energy Inc - Calgary, Alberta-registered oil explorer in Namibia and Uruguay - Notes a 57% increase to the Mopane 3C contingent resource estimate, part of the PEL 83 licence offshore Namibia, in which Sintana has a 4.9% stake. Operator Galp Energia has updated the contingent resource estimate to 1.38 billion barrels of oil equivalent from 875 million boe, which puts Sintana's net interest at 67 million boe. Says TotalEnergies SE is in the process of taking over as operator, with a three-well drill campaign scheduled in the second half of 2026. A target final investment decision is expected in 2028, with an eye to first oil production in 2032. Sintana adds that its 3D seismic acquisition in Uruguay, known as Area Off-1, is "well underway", with 22% of the planned season-one acquisition complete. Also stresses "strong regional momentum" in Uruguay, with Chevron Corp and QatarEnergy both farming in offshore blocks adjacent to Sintana's Area Off-3 block. Adds that it has received USD3 million in cash as the first installment of a settlement from ExxonMobil Corp. This relates to the VMM-37 block in Colombia's Middle Magdalena Valley Basin. Sintana subsidiaries Patriot Energy Oil & Gas Inc and Patriot Energy Sucursal Colombia last month agreed to conditionally assign rights and interests to ExxonMobil, which owes an additional USD6 million, on top of the USD3 million already paid.
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Probiotix Health PLC - Wakefield, England-based life sciences firm - Pretax loss widens to GBP1.2 million in 2025 from GBP852,000 in 2024, though contract revenue from rises to GBP2.7 million from GBP1.9 million. Sales costs tick up to GBP1.3 million from GBP886,000, while administrative expenses increase to GBP2.7 million from GBP1.8 million. Declares no dividend, unchanged from the year prior, but calls 2025 "a further year of progress" and maintains a "positive" outlook, with a "record" order book at the start of 2026. Also says it has swung to profit in the first quarter of the new year. "Based on the group's performance and outlook, the board and management continue to believe that the company's underlying fundamentals are not yet fully reflected in its current market capitalisation," it adds.
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Sterling Digital PLC - London-based bitcoin mining company - Books a pretax loss of USD482,000 and no revenue in its maiden earnings report, covering the six months ended December 31. Attributable loss amounts to USD395,000. Expects equipment to be installated at its Texas bitcoin mining facility in the second quarter of financial 2026, as planned, with mining servers and other hardware already purchased. "During the last quarter of 2025, the Bitcoin market experienced a retracement of much of the gains made during its last bull run," the company notes, with October 10 being "the largest one-day liquidity drawdown in the crypto-currency's history". Says this has "presaged a pivot by some of the larger BTC miners towards AI model processing...This, as well as the cheaper pricing of BTC, will assist Sterling Digital's mining activities once they commence."
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By Holly Munks, Alliance News reporter
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Related Shares:
Tech MineralsGlencoreClose BrosAoti, Inc.ASIC.LSintana Energy