1st Apr 2026 14:51
The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Fermi Inc - Amarillo, Texas-based real estate investment trust focused on data centres - Enters a senior unsecured promissory note with YA II PN Ltd, an investment fund managed by Yorkville Advisors Global LP, which provides up to USD156.3 million in funding. The note is payable in up to five advances over an availability period extending through October 1, with each advance funded by a 4% premium. It matures in September 2027 and has a 0% annual interest rate, subject to increase upon the event of a default. Funds will be used for general corporate purposes. Fermi describes Yorkville as an "experienced" structured financing provider for public listings, making it a suitable supporter for Fermi's Matador power grid development. As part of their arrangement, Fermi has agreed to negotiate "to establish a committed equity line of credit facility with Yorkville, and to use commercially reasonable efforts to register the resale of shares of common stock issuable under the note and the equity line of credit." Yorkville's backing is in addition to USD865 million provided through financing deals with with Mitsubishi UFG Financial Group Inc, Keystone National Group and CSG Investments/Beal Bank USA, Fermi adds, pushing its funding commitments over the USD1 billion mark.
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Technology Minerals PLC - London-based company focused on the battery metal circular economy - Pretax loss for the six months ended December 31 widens to GBP1.8 million from GBP1.6 million, though revenue advances to GBP1.5 million from GBP695,000. Books a loss of GBP147,000 on the disposal of an associate, compared with none the year prior, while net finance costs tick up to GBP842,000 from GBP96,000. Says it will apply for its shares to be restored to trading - they had been suspended pending publication of results. Technology Minerals on Monday had posted annual results for the year ended June 30, in which its pretax loss widened to GBP13.6 million from GBP7.5 million in financial 2024. The company says it starts the second half of financial 2026 with "operational momentum". Chief Executive Alex Stanbury comments: "With a growing network of customers and partnerships and a strengthened position within the UK battery supply chain, we are well positioned to capitalise on increasing demand for domestically sourced critical materials, while continuing to expand our exploration efforts."
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One Media iP Group PLC - Buckinghamshire, England-based digital music rights acquirer, publisher and distributor - Pretax profit rises to GBP848,927 in the year ended October 31 from GBP776,238 in financial 2024, while attributable profit grows to GBP1.0 million from GBP577,828. Revenue remains broadly stable at GBP4.8 million. CEO Michael Infante attributes this to "a relentless focus on cost optimisation" and "the high quality of the portfolio of music rights that we have aggregated over the past two decades". The company says it has decided against dividend payments for the year, as it "prioritises strategic reinvestment of funds into the business". One Media iP says music industry growth "continues to support the company's model, driven by digital distribution, the expansion of streaming and rising demand for music usage".
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Red Rock Resources PLC - London-based, Africa and Australia-focused miner - Attributable loss widens to GBP1.7 million from GBP1.5 million. Says it continues to expect a judgement on an arbitration related to its operations in the Demcratic Republic of Congo "imminently", saying: "The state mining company holds the funds and awaits the judgment of the court as to the correct payees, so that a judgment can be followed without undue delay by payment." Notes progress on a social housing joint venture in the DRC, where its partner can now accept government funds to build three factories which will manufacture the housing units. Adds that it has an indicative deal for renewal of its licences in Kenya, pending finalisation.
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Guaranty Trust Holding Company PLC - Lagos, Nigeria-based banking franchise - Pretax profit falls 2.8% to NGN1.231 trillion, or USD891.7 million, in 2025 from NGN1.266 trillion in 2024. Interest income rises to NGN1.653 trillion from NGN1.341 trillion, while non-interest income slides to NGN497.2 billion from NGN806.5 billion, due to a 72% reduction in other income to NGN140.0 billion from NGN 499.1 billion. Earnings per share fall 28% to NGN25.4 from NGN35.4, which Guaranty says reflects an "increase in the number of shares on the back successful capital raising". Maintains confidence in its "long-term earnings potential". Chief Executive Segun Abaje adds: "The strength of our underlying earnings, despite a stronger Naira and tighter regulatory parameters, reflects the quality of our franchise and the discipline with which we execute our strategy. Importantly, this strong core earnings performance underpins our capacity to sustain and grow shareholder returns."
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By Holly Munks, Alliance News reporter
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