28th Aug 2025 14:02
(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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Cambridge Cognition Holdings PLC - brain health software provider based in Cambridge, England - Pretax loss in the six months to June 30 narrows to GBP1.0 million from GBP1.1 million a year prior. While revenue declines 23% to GBP4.3 million from GBP5.6 million, operating expenses are reduced by 21% to GBP4.3 million from GBP5.4 million a year prior. In addition the firm announces it has raised GBP1.1 million through a share placing and a subscription. It reports 4.1 million new shares have been subscribed for at 27.25p per share, raising just under GBP1.1 million. A placing of 1.1 million shares with existing institutional investors at the same price secures it GBP310,000. Cambridge Cognition also reports that Chief Operating Officer Rob Baker joins the board with immediate effect. "It is also expected that Alex Livingstone-Learmonth, chief commercial officer, will join the board in due course. Additionally, Ronald Openshaw, who has served as a consultant since 2024, will be appointed as chief financial officer and head of corporate development with immediate effect. It is intended that Ronald will be appointed to the board in due course," the firm says.
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Arrow Exploration Corp - focused on Colombian oil assets - Pretax profit in second quarter to June 30 declines 41% to USD2.1 million from USD3.6 million. Revenue, after royalties, falls 4.8% to USD15.9 million from USD15.1 million. "The second quarter of 2025 has been very busy for Arrow. The two horizontal development wells at Alberta Llanos have highlighted the potential for horizontal development in the Ubaque in other areas of the Tapir block. The company plans to further test this potential with an exploration well at Mateguafa Oeste in Q3 and is putting the infrastructure in place for exploration wells at Mateguafa Attic, Capullo and Icaco, all of which could have a material impact on the company," CEO Marshall Abbott says.
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Tungsten West PLC - focused on Hemerdon tungsten mine in Devon, UK - Receives non-binding letter of interest from Export-Import Bank of US outlining its "capacity to provide financial support" to Tungsten West and Hemerdon. "EXIM is able to consider financing up to USD95 million for a maximum repayment term of 15 years. The anticipated financing would not be tied to specific equipment purchases, and is predicated upon the project's offtake agreement with US buyers," Tungsten says. "The contemplated funding package would form a significant part of the debt financing required to bring Hemerdon back into production."
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Mast Energy Developments PLC - developer of reserve power generation plants - Pretax loss in six months to June 30 widens to GBP558,903 from GBP492,055 a year prior. Revenue surges to GBP727,488 from GBP202,258. Administrative expenses are cut by 7.6% to GBP288,929 from GBP312,600 and project expenditure is reduced by 30% to GBP129,701.
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Partners Group Private Equity Ltd - portfolio of investments in private companies - Net asset value per share at June 30 half-year end weakens 8.3% to EUR13.79 from EUR15.03 in December. "The period since early 2025 has been characterised by geopolitical uncertainty, much of it linked to news flow out of the US, which has had a direct impact on financial market confidence, expectations for GDP growth in developed economies, sales and profitability at many corporates, and levels of activity in the M&A market," Partners Group says.
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Doric Nimrod Air Three Ltd - investment firm focused on the leasing and resale of aircraft - As part of deal to sell all its Airbus A380-861 aircraft to airline Emirates, it announces it has received sale proceeds of GBP32.7 million. "For the company's three remaining Airbus A380-861 aircraft (MSNs 132, 134 and 136), operating leases will continue as contracted until the respective lease end dates," it says.
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FIH Group PLC - operates businesses such as construction, ferries and art storage in the Falkland Islands and UK - Announces sale and leaseback of warehousing facilities in Leyton used by Momart, its art storage arm. The GBP22.7 million cash deal is with a subsidiary of global real estate manager Hines. "As part of the transaction, Momart will enter into a ten-year lease of the Leyton property at an initial rent of circa GBP1.3 million per annum, with a review after five years. The lease includes a tenant-only break option after five years as well as a tenant-only option to renew the lease for a further ten years, again with a tenant-only break option after five years," FIH adds.
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By Eric Cunha, Alliance News news editor
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Cambridge CogArrow Explor.Tungsten westMast Energy.Partners Grp EDoric Nimrod 3Fih Group