8th May 2025 15:47
(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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Flutter Entertainment PLC - New York-based sports betting and gambling company - Announces up to USD225 million share buyback, the third tranche of the current programme. The buyback, to be run by Davy Securities, will start on July 1 and end no later than September 30. It forms part of the up to USD5 billion programme announced last September. In 2025, Flutter expects to return around USD1 billion.
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Partners Group Private Equity Ltd - investment company managed by Partners Group Holding AG - Says net asset value decreases by 3.9% to EUR14.33 per share in March from EUR15.03 in February. Portfolio revaluations and unfavourable currency movements driven by a weaker US dollar impacted NAV. Says the largest decline in revaluation, 1.6% of NAV, came from KinderCare Learning Co.
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MaxCyte Inc - Rockville, Maryland-based cell engineering technology company - net loss widens to USD10.3 million in the three months ended March 31 from USD9.5 million a year prior as revenue dips to USD10.4 million from USD11.3 million. Operating expenses fall to USD21.2 million from USD22.2 million but interest income also falls to USD2.0 million from USD2.7 million. MaxCyte reiterates 2025 revenue guidance for core business revenue and SPL program-related revenue. It expects core revenue to grow 8% to 15% compared to USD38.6 million in 2024, inclusive of revenue from SeQure Dx. "Despite the increasingly dynamic macroeconomic environment since the beginning of the year, we are confident that our disciplined operational focus, highly differentiated offerings, and healthy financial foundation will continue to position MaxCyte for growth in 2025 and beyond," company says.
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Uniphar PLC - Dublin-based healthcare services company - issues trading update ahead of Thursday's annual general meeting. Reports a good start to 2025, with performance in the first four months in line with the board's expectations. "Uniphar remains well positioned to deliver organic gross profit growth across each division in line with previous guidance and to deliver on expectations for the full year," it says.
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FBD Holdings PLC - Dublin-based insurer - issues trading update ahead of Thursday's annual general meeting. Remains confident in the underlying profitability, future growth prospects and capital strength of the business. Says growth momentum has been sustained in 2025 with gross written premium increasing by 10% compared to the same period in 2024. Further, says progress is being made in settling claims related to the cold spell of January and Storm Eowyn. Investment return through the income statement in the year to date has been positive. Income from bond portfolios continues to increase as maturities are invested at higher yields which has offset the fall in liquid risk asset values arising as a result of wider investment market volatility.
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Lords Group Trading PLC - London-based distributor of building materials - swings to pretax loss of GBP2.6 million in 2024 from profit of GBP3.0m the year before as revenue falls 5.6% to GBP436.7 million from GBP462.6 million. Basic loss per share is 1.19 pence compared with EPS of 0.84p. The dividend is more than halved to 0.84p from 2.00p. Merchanting like-for-like revenue drops 3.6% and Plumbing and Heating revenue tumbles 10%. Sales in renewable products leap 99% to GBP5.5 million. Reports progress against its strategy to deliver margin accretive growth by opening new branches, extending the product range and expanding digital revenues. Also delivers like-for-like efficiency savings of GBP3.7 million. Sales fare better in the first of 2025, with Merchanting revenue up 11% and P&H sales up 22% year-on-year. Board expectations for full year are unchanged.
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Polarean Imaging PLC - medical imaging technology developer - pretax loss narrows to USD8.5 million in 2024 from USD11.9 million a year prior. Revenue more than triples to USD3.1 million from USD890,933 and total operating costs drop to USD10.2 million from USD12.9 million. Revenue exceeds prior guidance of USD2.5 million to USD3.0 million. For 2025, firm reaffirms revenue guidance for USD5.0 million to USD6.0 million. Company believes that the foundation is now in place for meaningful sales acceleration in the second half of 2025. Notes refinement of the company's planned gas exchange trial means it is now expected to be completed for USD4.0 million to USD4.5 million, a substantial reduction from the prior estimate of USD9.0 million to USD11.0 million.
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Personal Group Holdings PLC - Milton Keynes-based employee benefits and services provider - issues trading statement ahead of Thursday's annual general meeting. Reports positive trading performance in the first quarter of 2025. Notes continued momentum in both Insurance and Benefits, building on the strong growth in 2024. "The pace with which the management team are executing the growth strategy, the strength of our balance sheet and the increasing levels of recurring revenue streams, provide the Board with confidence in delivering another strong performance in 2025 and I am pleased to confirm we remain in line with market expectations," company says.
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By Jeremy Cutler, Alliance News reporter
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