15th Apr 2025 21:47
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Pod Point Group Holdings PLC - London-based electric vehicle charging network operator - Notes two areas that will adversely impact adjusted earnings before interest, tax, depreciation and amortisation for financial 2024. First, identifies debtor balances that company is no longer certain it will collect, related to years 2020 to 2024. Will take a bad debt provision to cover these. Second, identifies additional non-cash items through the audit processes. Consequently, adjusted Ebitda loss will be below market guidance of GBP14 million by around GBP8 million, the majority relating to the bad debt provision. Says since the start of the year, the group has made good progress on collections, with additional recruitment into the credit collection team. The debtor collection process is now operating normally.
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UK Oil & Gas PLC - London-based energy company - New Reserves Report carried out for the Horndean field operator has assessed that the field's remaining reserves have increased by up to 62% compared to the same period one year ago. UKOG's wholly owned subsidiary UKOG GB holds a 10% non-operated interest in Horndean. The increase in reserves is a direct result of increased field performance via the combination of recent well workovers and the prior installation of new electric pumps in mid-2023.
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Everyman Media Group PLC - London-based premium cinema chain - Revenue climbs 18% to GBP107.2 million in the financial year to January 2 from GBP90.9 million a year prior. But pretax loss widens to GBP10.2 million from GBP5.5 million. Bottom line is hurt by increase in administrative expenses to GBP72.9 million from GBP58.8 million. Food and beverage spend per head rises 3.4% to GBP10.64 from GBP10.29 and paid for average ticket price increases 2.8% to GBP11.98 from GBP11.65. Reports positive momentum in the first quarter of 2025, with trading driven by Bridget Jones: Mad about the Boy.
"Confident of strong performance in 2025 underpinned by a well-balanced, consistently-phased film slate."
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Futura Medical PLC - Guildford, Surrey-based sexual health products - Swings to pretax profit of GBP1.3 million in the 2024 from GBP7.0 million loss a year prior as revenue soars to GBP13.9 million from GBP3.1 million. "FY24 was another year of achievement. We delivered on all of our strategic priorities for the year. With the launch of Eroxon, a brand-new consumer healthcare product, in over 15 countries across the Americas, Middle East and Europe we took great steps forward and delivered significant revenue growth and our maiden profit," company says. Looks ahead with confidence.
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Henderson Far East Income Ltd - investor in companies in the Asia Pacific - Net asset value per share is 216.48 pence at February 28 compared with 221.97p at August 31, 2024. Net assets stable at GBP363 million compared with GBP366 million in August. Declares second interim dividend of 6.20p per ordinary share, up 1.6% on-year. Says dividend growth will remain robust and this, and the "defensive nature of our holdings should produce a less volatile outcome for investors in a market that is looking increasingly uncertain".
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J Smart & Co (Contractors) PLC - Edinburgh-based construction contractor - Pretax profit falls to GBP128,000 in the six months to January 31 from GBP205,000 a year prior, despite revenue rising to GBP9.0 million from GBP8.6 million. Declares unchanged dividend of 0.96 pence per share. Says it is difficult to predict what the headline profit will be for the year to July 31, given global uncertainty and fragile UK economy. Notes consumer confidence in the housing market had started to improve, but in the short term this may stall again. Remains to be seen whether current reservations will convert and what the level of new reservations will be.
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Kooth PLC - London-based provider of digital youth mental health care - Swings to pretax profit of GBP9.9 million in the year ended December 31 from loss of GBP2.0 million a year prior as revenue doubles to GBP66.7 million from GBP33.3 million. Basic earnings per share are 0.22 pence compared with LPS of zero. Revenue growth is primarily driven by contracts with the state of California and supplemented by Aetna Illinois. Describes 2024 as an "exceptional year", although it has been challenging in the UK. "As 2025 progresses, we expect that Ebitda margins will return to more typical levels as we invest in and expand our practitioner network," Kooth says.
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tinyBuild Inc - Seattle, Washington-based video game developer and publisher - Pretax loss narrows to USD20.3 million in the twelve months ended December from USD63.5 million a year prior. Revenue drops 22% to USD34.7 million from USD44.7 million. Expects cash and cash equivalents to reach a trough point in the summer of 2025 and then improve post the launch of certain high-potential new games. Says cash position will be "carefully managed" and company has no borrowings. Notes the pipeline for 2025 and beyond is strong and remains confident the company is on track to deliver results in line with expectations.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Pod PointUK Oil & GasEveryman MediaFutura MedicalHend.far EastSmart (J) & CoKooth PlcTinybuild Inc