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EARNINGS AND TRADING: CAB Payments rebuffs Helios bid approach

5th Mar 2026 21:57

(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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CAB Payments Holdings PLC - London-based payment processing and foreign exchange provider - Pretax profit rose 5.1% to GBP18.5 million in 2025 from GBP17.6 million in 2024. Total income increases 12% to GBP119.0 million from GBP106.4 million with strong acceleration in the second half of 2025, up 30% versus the first, despite emerging net interest income headwinds from reduced global interest rates. Payments Income is flat on-year, Banking Income rises 8%. Earnings per share total 5.4 pence, down 3.6% from 5.6p. Looking ahead to 2026, company says: "we are well-placed to build on our progress. The strong run-rate of sustainable revenues, a robust pipeline of new clients, and ongoing market expansion provides confidence for further growth." CAB Payments says it is expecting to face interest rate "headwinds" going into next year, as global interest rates fall, particularly in the US and UK. Overall, it aims for high-teens to low-20s percentage compound annual growth in total income (excluding net interest income) over the next three years. In addition, rejects "highly opportunistic" bid from Helios Consortium which it says "fundamentally undervalues" CAB Payments. Believes 2025 achievements provide "clear evidence of delivery, while the medium‑term opportunity is substantially greater." CAB Payments points to the long timeline of any bid and forex uncertainty given the cash offer is denominated in USD.

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Zenith Energy Ltd - Calgary, Canada-based oil company, which has interests in Italy, Tunisia and the US - Announces the acquisition of an additional photovoltaic development project in the Puglia region of Italy. The acquisition represents a strategic advancement toward the objective of achieving a solar energy development portfolio capacity exceeding 200 megawatt peak by the close of 2026. Zenith will pay EUR1.1 million with payment to be made upon securing all required permits and achieving ready-to-build status at the conclusion of the development process. Chief Executive Andrea Cattaneo says: "Following this acquisition, our solar development pipeline has increased to approximately 135.5 MWp, and we intend to continue expanding it rapidly toward our target of at least 200 MWp by the end of 2026."

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Staffline Group PLC - Nottingham, England-based flexible staff recruitment in UK and Ireland - Confirms that tranche 2 of the buyback is now complete, having repurchased 5.8 million shares total GBP2.7 million.

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Helium One Global Ltd - London-based helium explorer in Tanzania, also has a 50% working interest in the Galactica Project which is operated by Blue Star Helium Ltd - Blue Star Helium provides update on the Galactica Project. Advises that the Pinon Canyon Plant has commenced integrated operations. Raw gas is now being processed through the amine unit to remove carbon dioxide with the resulting helium-enriched stream being refined before being pumped into the tube trailer. Blue Star reports that a "significant commercial milestone" has been reached with the plant currently filling a tube trailer with refined helium gas for sale under established spot-market arrangements.

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Predator Oil & Gas Holdings PLC - Morocco and Trinidad-focused oil and gas company - Following the management team's site visit to Trinidad last week, initial site and land registry investigations for two locations for an SC-3 and a potential follow-up SC-4 well have commenced. In addition, says the BON-20 drilling programme, objectives and current progress were reviewed. A further update will be issued after the completion and anticipated testing of BON-20.

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Quantum Helium Ltd - Sydney-based mining company targets helium, hydrogen and hydrocarbons in the US and Australia formerly called Mosman Oil and Gas - Announces that the US Bureau of Indian Affairs has formally approved the assignment of the Sagebrush lease to Quantum, where the company holds a 90% working interest. The approval represents a "major regulatory milestone" and clears the way for key next steps being the appointment of Quantum as operator and the subsequent planned extended production test of the Sagebrush-1 well, which Quantum intends to commence as soon as possible. "All long-lead items required for the production test have already been secured, allowing the company to move rapidly into operations," it adds. The approval follows shortly after the recent BIA approval of the Coyote Wash Indian Mineral Development Agreement.

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Beximco Pharmaceuticals PLC - Dhaka, Bangladesh-based producer of pharmaceutical ingredients - Provides an update regarding the timeline for its outstanding writ petitions to be heard by the High Court Division of the Supreme Court of Bangladesh. Says the hearing of Writ Petition No 525 of 2025 (challenging the proposed appointment by the Bangladesh Securities and Exchange Commission of nine additional independent non-executive directors to the company's board) and Writ Petition No 1243 of 2026 (challenging the BSEC's order to hold a board meeting onboarding the nine additional independent directors) will now commence after April 18.

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Atlas Metals Group PLC - natural resources and energy investor, formerly known as MetalNRG - Continues work to finalise acquisition of Universal Pozzolanic Silica Alumina Ltd, which continues to progress in line with expectations.

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Secure Property Development & Investment PLC - Southeastern Europe-focused commercial property investor - Announces, further to its announcement in November, that in line with the initial loan agreement as amended by the heads of terms with AdvEn Industries, SPDI extended the initial loan repayment date to February 28 and accordingly the capital amount repayable has increased to EUR275,000. As of Thursday, AdvEn Industries has not repaid the loan. The SPDI remains in constructive discussions with AdvEn on agreeing an amended repayment schedule which will also likely form part of an amended heads of terms between the parties. Notwithstanding the discussions on the amended repayment schedule, the company reserves all rights in respect of enforcing its rights under the loan agreement.

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Lansdowne Oil & Gas PLC - Exploration company with Irish offshore licences which was designated a cash shell in September 2023 - Confirms it has entered into further convertible loan notes for GBP110,000, arranged by Tavira Financial Ltd, the company's joint broker, with a number of existing shareholders. The aggregate CLNs outstanding are now GBP440,000. Funds raised have provided working capital over the last two years, as well as the necessary funds to enable the company to secure litigation funding for its litigation claim against the Government of Ireland where it will be seeking compensation in excess of USD100 million. Proceeds have also been deployed on key transactional costs incurred as part of the company's proposed reverse takeover. Company believes it has now raised sufficient funds from the loan exercise.

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Xtract Resources PLC - Australia and Zambia-focused miner - Provides an update on work completed on the Amghas and Ighoud antimony licences, both former producing antimony mines and the board's decision to formally approve further investment to specifically fast track towards production at both mine sites. The antimony exploration licences are held by Xtract's 80%-owned venture, Wildstone SARL. Says since the acquisition of these licences last September, the focus has been on the assessment and development of two former mining licences Amghas and Ighoud and completion of baseline and Environmental Impact Assessments and Feasibility Studies required in order to reactivate these former mining licences. Work has revealed notable antimony mineralisation at both sites. Results are such that the Xtract board has instructed the on-site team to progress project development initially at Amghas and to complete all necessary steps to take the project to production in the shortest timeframe.

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Ormonde Mining PLC - natural resources company with assets in Newfoundland and Scotland - Its 36.5%-owned investee company TRU Precious Metals Corp updates on the ongoing target generation field works at its Golden Rose Project. TRU says field work to follow up the mineralised sandstone unit discovered during the 2025 drilling program positions the sandstone unit within an extensive and previously unrecognised mineralised trend. The mineralised trend is supported by outcrop and float mapping and sampling. Field work also identified new targets in previously unexplored areas. "This information has dramatically advanced the knowledge and understanding of the distribution of mineralization across much of the project area which is important in focussing and accelerating work streams into the future," TRU says.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


Related Shares:

Cab PaymentsZenith EnergyStafflineHelium OnePredator OilQuantum HeliumBeximco PharmaAtlas Metals Group PLCSecure PropLansdowne OilXtractORM.L
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