5th Oct 2026 10:31
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued last week and not separately reported by Alliance News:
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Chrysalis Investments Ltd - Guernsey-based, UK and Europe-focused investor - Completes sale of its remaining stake in Klarna Group PLC for around GBP34 million, following a GBP6 million disposal in July. Announces compulsory capital redemption of around GBP25 million at 127.0p per share, equivalent to around 4.1% of issued shares. The remaining GBP9 million of net proceeds will be retained for operating capital and potential follow-on investments. Expects cash and cash equivalents of around GBP19 million following the disposal and redemption. Latest redemption payment date is October 9.
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CEPS PLC - Bath, England-based investment company focussed on industrial sector - Says its 75%-owned Aford Awards Group Holdings Ltd acquires A J Sharp Ltd, trading as English Pewter Co, for GBP3.5 million on a cash-free, debt-free basis. The consideration comprises GBP2.7 million in cash and GBP710,000 of vendor loan notes, with CEPS funding the deal from existing cash resources. A J Sharp generates revenue of GBP3.2 million and pretax profit of GBP326,932 in 2025, with CEPS estimating normalised Ebitda of around GBP690,000 after removing non-continuing costs. The company says the bolt-on acquisition aligns with its shareholder value creation strategy.
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Built Cybernetics PLC - London-based company, focused on smart buildings - Agrees to acquire Ecolibrium Inc in an all-share deal that constitutes a reverse takeover, with the value of the consideration to be determined by the price of an associated fundraise. Built Cybernetics says India-based Ecolibrium provides artificial intelligence-led energy and operational optimisation systems to large commercial and industrial customers, with its technology deployed across more than 600 sites in eight countries. Ecolibrium's largest shareholder, Unbound Holdco Ltd, which is managed by Shravin Bharti Mittal, is expected to become Built Cybernetics' largest shareholder following completion. Built Cybernetics' shares are suspended from trading on AIM while it conducts the fundraise, with the capital access window expected to remain open for around two weeks.
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Andrada Mining Ltd - London-listed tin producer with critical minerals assets in Namibia - Says contained tin production rises 13% to 576 tonnes in the first half of financial 2027 from 511 tonnes a year earlier, while tin concentrate production increases 11% to 955 tonnes from 858 tonnes. The miner says higher feed grades and improved plant performance drive the increase, with the average processing rate rising 7.0% to 153 tonnes per hour. Andrada secures NAD98 million, around GBP4.4 million, to fund operational upgrades at its Uis mine, including a new ore-sorting circuit. The circuit is expected to increase annual tin concentrate production by 50% to 70% to around 2,500 to 3,000 tonnes.
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Ubuntu Mining & Metals Inc - British Virgin Islands-registered early-stage exploration and development company - Pretax loss widens 81% to USD116,000 in the six months to June 30 from USD64,000 a year earlier, as administrative expenses rise to USD109,000 from USD83,000. The company generates no revenue during the period. Ubuntu completes the acquisition of a 25% interest in the Dilotiko Iron Ore Project in Kenya and holds an option to increase its stake to 60%. It also enters non-binding letters of intent relating to two prospective gold projects in Tanzania and says it continues to assess further mining and exploration opportunities across Africa.
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VPC Specialty Lending Investments PLC - investor in asset-backed loans to businesses originated by non-bank lenders - Net asset value per ordinary share rises 2.4% to 20.60p at June 30 from 20.12p at March 31, while total net asset value increases to GBP57.3 million from GBP56.0 million. The company reports a 2.4% NAV return for the second quarter, compared with a negative 2.3% return in the first quarter, while its total shareholder return is negative 2.4%. Its share price falls to 11.23p from 11.50p, widening the discount to NAV to 45.5% from 42.9%.
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DP Aircraft I Ltd - Guernsey-based company focused on acquiring and selling aircraft - Pretax profit falls 3.0% to USD2.0 million in the six months to June 30 from USD2.0 million a year earlier, while lease rental income is unchanged at USD4.3 million. The company says operating profit falls 5.0% to USD3.1 million from USD3.3 million, as general and administrative expenses rise 28% to USD1.1 million. Finance costs fall 17% to USD1.5 million from USD1.8 million, while basic and diluted earnings per share decline to 0.763 US cents from 0.784 cents.
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Ethernity Networks Ltd - Israeli supplier of data processing semiconductor technology for networking appliances - Pretax loss narrows 42% to USD1.2 million in the six months to June 30 from USD2.1 million a year earlier, as revenue falls 30% to USD416,569 from USD598,599. The company says its adjusted Ebitda loss narrows 37% to USD748,291 from USD1.2 million, while research and development expenses fall 57% to USD647,050. Ethernity says most first-half revenue comes from deliveries under its USD1.7 million contract and extended order with a Tier 1 US aerospace customer. It continues to pursue intellectual property licensing opportunities and appoints a brokerage firm to evaluate potential monetisation of its patent portfolio.
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CLS Holdings PLC - London-based commercial property investment company - Chair Lennart Sten will step down from the board on October 31 after 12 years as a director, including seven years as chair, due to additional external commitments. The company says its process to appoint a successor is well advanced, with Vice Chair Anna Seeley set to become interim chair if a permanent replacement is not appointed by then. Separately, CLS agrees to sell its Fangdieckstrasse life sciences campus in Hamburg for EUR25.4 million, 9% below its latest valuation. Completion is expected in the fourth quarter, with the proceeds to be used to reduce debt.
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Fevara PLC - Carlisle, UK-based animal feed manufacturer - Expects adjusted Ebit to rise around 60% to GBP6.0 million in the financial year to August 31 from GBP3.7 million the year before, ahead of market expectations of GBP5.5 million. The firm expects revenue of around GBP86 million, up 8% like-for-like from GBP78.8 million, with its UK, European and US businesses performing well. Fevara says year-end net debt of around GBP2.0 million is better than previously expected, helped by strong cash conversion and disposals. Trading in the first weeks of financial 2027 is encouraging and in line with expectations, while the company maintains its medium-term targets including GBP120 million in revenue and GBP15 million in adjusted Ebitda.
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Manolete Partners PLC - Buckinghamshire, England-based insolvency litigation financing firm - Settles a large insolvency case for GBP3.0 million in late September. The company says the settlement forms part of expected realised revenue for the current financial year alongside realisations from its other cases. Manolete says its board's expectations remain unchanged and it plans to provide a first-half trading update in early October, followed by interim results in November.
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Capricorn Energy PLC - Edinburgh-based fuel producer - Says it does not need to convene another court or general meeting for the increased recommended cash offer from Genel Energy PLC, after more than 99% of shares voted support the original offer in August. The company says the Egyptian merger condition has been satisfied, leaving the Egyptian condition as the only outstanding regulatory requirement. Capricorn says significant progress is being made towards satisfying the remaining condition, with Genel continuing to expect the acquisition to become effective in the fourth quarter of 2026. DNO ASA has said its competing offer is final and will not be increased.
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By Eva Castanedo, Alliance News senior economics reporter
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