31st Mar 2026 22:06
(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:
----------
Ironveld PLC - London-based mining company targeting South Africa - Plans to raise up to GBP1 million via placing and direct subscription at 0.0225 pence per share to new and existing institutional and other investors. The fundraise will be conducted by way of an accelerated bookbuild. Proceeds will be used to advance business development and for working capital purposes, ensuring the company "maintains momentum across its operational and commercial workstreams as cash flows from established operations build up". Turner Pope Investments Ltd is acting as sole bookrunner and sole broker in respect of the fundraise. The fundraise shares represent around 22% of the company's enlarged issued ordinary share capital. In addition, provides trading update regarding its Daemaneng contract. Has reviewed written evidence confirming that Daemaneng is fully funded to restart operations and to bring DMS-grade magnetite production into operation, with first deliveries of material anticipated before the end of the second quarter of 2026. These deliveries relate to an agreement Daemaneng has secured with a large, reputable coal producer in South Africa, with expected volumes of no less than 1,000 tonnes per month. Also reports results for six months to December. Pretax loss stretches to GBP732,000 from GBP689,000.
----------
Plexus Holdings PLC - gas, oil and renewable energy projects focused on the UK & Netherlands - Provides a trading update for the financial year ending June 30. Continues to see sustained interest in its technology and maintains a strong pipeline with a high conversion rate, although projects are typically seeing significant delays in starting from when the operator initially intended. Further, notes progress on other North Sea projects has been slower than expected, with a number of CCS and gas storage wells, as well as some P&A activity delayed at the planning stage. Plexus considers current project delays to be a "deferral of activity rather than lost work". But whilst it is possible that some material contracts could be signed during the second half of financial 2026, due to the timing of orders, it is now likely that revenues for the current financial year will be significantly below previous expectations. Believes that, with no additional capital expenditure required in the immediate future, current working capital resources together with revenues generated as current projects progress are sufficient for the immediate future.
----------
Cirata PLC - Sheffield, England-based software solutions provider - Pretax loss narrows to USD11.4 million in 2025 from USD14.3 million the year prior as revenue jumps to USD11.9 million from USD4.6 million. Flags a 96% increase in total bookings to USD13.9 million from USD7.1 million, while Data Integration bookings balloon to USD13.2 million from USD4.7 million. It is the strongest annual DI performance since 2017. Looking ahead, says the timing and conversion of new business opportunities remain uncertain. But reaffirms FY26 outlook and anticipates annualised operating expense run-rate of USD12 million to USD13 million, a cash flow positive first quarter, and cash break-even for the financial year overall. Further, says following the completion of the audit for 2025 Chief Financial Officer Ricardo Moura who joined Cirata IN September 2024 on a fixed term contract will be leaving Cirata at the end of May. Ed Kee, who joined Cirata in December 2024, and currently serves as the group's financial controller, has been appointed as finance director with immediate effect.
----------
Future PLC - Bath, England-based online magazine publisher and owner of price comparison website Go Compare - Announces a pre-close trading update for the six-months period ending March. Says the expected continued shifts in the audience derived from Google search, have been more pronounced than anticipated. This is driving lower year-on-year sessions, negatively impacting higher-margin programmatic advertising and ecommerce revenues and has also led to PPC cost inflation across the industry. Overall, first half revenue is expected to be broadly in line with management's expectations but the earnings before interest, taxes, depreciation and amortisation margin is now expected to be in the range of 24% to 25% driven by the revenue mix. Looking ahead, audience sessions will remain volatile and "we are taking a cautious view for the balance of the year". The group now expects second half organic revenue to decline year-on-year by a low single-digit percentage. As a result, the full year Ebitda margin is expected to be in the range of 25% to 27%. Cash generation remains strong and given the share price, Future says "we are accelerating the execution of the current share buyback programme." "The board believes that the group is fundamentally undervalued," it adds.
----------
Ixico PLC - London-based medical research company, focused on analysing trial data using neuroscience imaging and biomarkers - Raises GBP10.5 million comprising GBP2.8 million first placing, GBP100,000 subscription, GBP7.1 million second placing and GBP500,000 retail offer at 8 pence per share. Intends to use the proceeds to develop the IXI platform (including platform integration, automation and standardisation), to invest in the staff needed to sell the IXI platform into partners and to develop the product into a Food & Drug Administration approved software as a medical device.
----------
Digitalbox PLC - Peterborough, England-based digital media company and owner of brands such as Daily Mash, Tab and TV Guide - Pretax loss widens to GBP267,000 in 2025 from GBP25,000 from the year prior. Revenue rises to GBP3.9 million from GBP3.7 million as a result of organic growth and bolt-on acquisitions, with year-on-year growth in each operating segment. Says enters 2026 with stronger underlying margins, improved earnings quality and balance sheet strength to pursue growth.
----------
Team PLC - Jersey-based wealth, asset management and financial services - Pretax loss widens to GBP3.0 million in 2025 from GBP2.9 million the year prior. Revenue grows 16% to GBP12.0 million from GBP10.3 million, with all three divisions growing organically. Client assets increase 11% to GBP1.29 billion from GBP1.16 billion, primarily being driven by growth in the International division. Enters FY26 in a "good position and now has the opportunity to accelerate the group's growth rate using its increased scale," it says.
----------
Altitude Group PLC - marketplace operator for the promotional products industry - Provides a trading update for the financial year ending March. Expects full year revenue to be above market expectations in the range of USD43.5 million to USD44.5 million, up from USD37.3 million the year prior, year-on-year growth of between 17% and 19%. Adjusted operating profit for the year is expected to be in line with the USD3.7 million indicated in the November trading update, unchanged on-year, with adjusted pretax profit also flat at USD1.6 million. Expects to close the year with net debt of USD600,000 versus USD700,000 net cash a year earlier, reflecting the timing of certain AIM supplier revenue. The revolving credit facility provides the group with sufficient headroom for FY27.
----------
Videndum PLC - Richmond, London-based broadcasting hardware and software provider - Pretax loss narrows to GBP66.8 million in 2025 from GBP103.4 million the year prior. Revenue falls to GBP228.8 million from GBP283.6 million, loss per share is 68.1 pence, down from 155.8p. Says rate of revenue decline moderates throughout the year with first half sales down 25% and second half down 8%. "2025 was another tough year for trading. Amongst the challenges, the US tariffs announced on April 2 2025, meant that the US was hit particularly hard. Subsequent reductions in tariffs in H2 helped to reduce the impact on demand but significant uncertainty still remained." "For FY 2026, the board expects good revenue growth, supported by the introduction of new products in both FY 2025 and FY 2026."
----------
By Jeremy Cutler, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
IronveldPlexusCirataFutureIxicoDigitalboxTeamAltitude GroupVidendum Plc