22nd Dec 2025 15:38
(Alliance News) - 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:
----------
Corcel PLC - oil exploration and production in Angola and Brazil - Pretax loss widens to GBP3.6 million in the financial year to June from GBP3.0 million the year prior as administrative expenses climb to GBP3.1 million from GBP2.6 million. Basic and diluted losses per share are 0.17 pence compared to 0.20p a year ago. Bottom line suffers from GBP284,000 worth of impairments compared to nil the year before, although other income balloons to GBP452,000 from GBP43,000. Says it ends the financial year as a "fundamentally stronger business" with a "significantly enhanced balance sheet" and a "broadened institutional investor base." In addition, says the year ahead will be "transformational, with seismic acquisition at KON-16, preparations for drilling in 2026, renewed activity across KON-11 and KON-12, and further expansion opportunities internationally."
----------
Christie Group PLC - London-based provider of professional services, including stock and inventory systems, for customers in the hospitality, leisure, healthcare, medical, childcare, education and retail sectors - Agrees to sell its visitor attraction software business, Vennersys, to Digital Ticketing Systems Ltd for up to GBP1.4 million. The consideration is made up of an initial cash payment of GBP500,000, payable upon completion of the sale, and up to GBP900,000 of additional retained consideration payable within 18 months, subject to certain post-completion performance conditions being achieved. Completion of the sale is expected no later than January 31, 2026. At the end of 2024, Vennersys held gross assets of GBP1.4 million and generated a pretax loss before extraordinary items of GBP1.6 million. "The disposal further reflects the board's continued focus on improving the quality of earnings and its balance sheet strength, enabling the group to focus on investing in its remaining brands to deliver sustainable growth and earnings," Christie Group says.
----------
Shield Therapeutics PLC - Newcastle, England-based commercial-stage pharmaceutical company - Following a priority review, Shield announces that the US Food & Drug Administration approves the extension of the indication for Accrufer to include adolescents. Accrufer is now indicated for the treatment of iron deficiency in adult and pediatric patients 10 years of age and older. This is supported by positive results from the phase 3 pediatric clinical trial (Fortis/ST10-01-305) that confirmed the efficacy, safety, and tolerability of the new oral liquid pediatric formulation in children aged 1 month and above with iron deficiency, presenting as iron deficiency anaemia. Shield plans to file for a further extension of the indication to include children 1 month and above.
----------
Atlas Metals Group PLC - natural resources and energy investor, formerly known as MetalNRG - Provides an update on the proposed acquisition of Universal Pozzolanic Silica Alumina Ltd. Says whilst the deal continues to progress in line with expectations, UPSA is actively engaging with potential UK off-takers for its substantial pozzolanic silica alumina sand resource and has signed a number of letters of interest with scaled construction customers in the UK which provide indicative off-take volumes and pricing. Atlas says it will make further updates on the UPSA off-take arrangements when they are sufficiently advanced. In addition, Atlas notes UPSA continues to engage with other potential off-takers, with discussions ongoing in the US, Africa and Australia.
----------
Block Energy PLC - Georgia-focused oil and gas company - Says initial results of the phase 1 CCS pilot on the Patardzeuli field in Georgia confirm rapid mineralisation. "The successful pilot de-risks the project and provides a strong technical foundation for the next steps which include a field-wide scale-up and defined commercialisation scheme," Block Energy adds. Explains that the next stage in the project is to refine current storage estimates as well as the annual carbon dioxide injection potential of the project and to work to receive independent certification of the permanent storage. Updates on the progress of phase 2 will be made as appropriate. "These results are a major technical milestone for Block," comments Chief Executive Paul Haywood.
----------
Van Elle Holdings PLC - Nottinghamshire, England-based ground engineering contractor - Confirms that the disposal of Van Elle Canada Inc completed on Friday.
----------
Valereum PLC - Manchester, England-based digital asset infrastructure firm - Announces that Wageen Token, the digital asset, will imminently be listed on VLRM Markets, the company's licensed and regulated tokenisation venue. The agreement is expected to generate USD600,000 in revenue for VLRM Markets upon the successful completion of the Wageen token issuance. WAG1 offers an 11% fixed annual yield, payable annually, with investors gaining exposure to Wageen Corp's planned growth in the Mobility-as-a-Service sector ahead of its intended equity offering.
----------
SysGroup PLC - Liverpool, England-based IT services, cybersecurity and cloud hosting provider - Announces the GBP1.3 million cash acquisition of Saxis Group Ltd on a debt-free basis from L Douglas. A further GBP500,000 may be payable, in two instalments in 2026 and 2027, subject to certain performance conditions. The deal is funded from existing cash resources. Saxis is a UK-based specialist provider of enterprise storage, data protection and hybrid infrastructure solutions, including NetApp technologies. For the twelve months ended September 29, Saxis delivered unaudited revenue of GBP2.1 million and normalised earnings before interest, tax, depreciation and amortisation of GBP500,000. "The acquisition of Saxis adds a highly complementary infrastructure technology capability that meaningfully enhances our ability to offer a complete, end-to-end solution to our customers," comments Executive Chair Heejae Chae.
----------
By Jeremy Cutler, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
CorcelChristieShield TheraAtlas MetalsBlock Energy P.Van ElleSysgroup