28th Aug 2026 20:09
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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GenIP PLC - London-based generative AI services provider - Pretax loss widens to USD800,120 in the six months to June 30 from USD665,585 a year prior as revenue sinks to USD53,641 from USD125,166. Administrative costs rise to USD694,267 from USD584,307. CEO Melissa Cruz says: "Our focus for the first half of 2026 has seen us continue our current relationships and establishing repeat and recurring revenue streams, and I am pleased with the progress we have made to date in this regard. With support from the funds of the April 2026 placing, we have accelerated platform development, improved commercialisation, increased automation and expanded our proprietary datasets, putting the business in a stronger position going forward. The company enters the second half of FY26 with a good pipeline, deeper client engagement and increasing industry recognition. While first-half revenues reflect the absence of last year's exceptional contract, underlying indicators are positive and aligned with the company's development stage. GenIP remains focused on disciplined execution, technology development and commercial conversion."
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Somero Enterprises Inc - Fort Myers, Florida-based concrete-levelling machinery maker - Says consultation with shareholders on the proposed changes to the company is now complete. As a result, determines to propose the following amendments to its bylaws: To move to majority voting from plurality voting in uncontested director elections. Says this brings Somero "closer to normal practice for UK listed companies, implemented consistent with Delaware law and practice," and a two-year staggered re-election of directors. Says this brings arrangements closer to the standards of the 2023 QCA corporate governance code "while preserving a degree of continuity." "Having weighed these against the company's strategic priorities and regulatory requirements, the board is confident that the agreed changes represent a meaningful enhancement of the company's governance framework while preserving the flexibility required to execute its strategy for the benefit of all shareholders." Additonally, executive vice president of sales Howard Hohmann will transition from the board and assume the title of Chief Commercial Officer. Says this "more accurately reflects the span of his responsibilities and involvement." Says purchases under the expanded 2026 buyback of USD6.0 million to USD12.0 million are expected to begin after the publication of interim results on September 8.
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Halo Minerals PLC - London-based mineral development company - Pretax loss widens to GBP2.9 million from GBP442,000 a year ago. Administration expenses rise to GBP2.4 million from GBP235,000 a year ago. Definitive feasibility study and bankable feasibility study are targeted for completion by year-end. Chief Executive Officer Andrew Dennan says: "This has been a transformative period for the Company. We have completed our Admission to AIM, strengthened our balance sheet and significantly progressed our flagship Playa Verde project closer towards development and production. We have a number of strategic priorities for the remainder of the year including completing the remaining DFS optimisation and BFS-level workstreams and, following this, bringing the funding process to a final conclusion. Playa Verde is a low-risk project with very robust economics. We look forward to continuing to progress this project towards production whilst also building a portfolio of similar assets."
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Beowulf Mining PLC - explorer of iron ore, graphite, gold and base metals, targeting Sweden, Finland and Kosovo - Pretax narrows to GBP834,022 in the six months to June 30 from GBP1.0 million a year ago. Reports no revenue, unchanged: CEO Ed Bowie says: "Securing the strategic investment from Bacchus Capital & Affiliates is transformational for Beowulf. The company will be fully funded to advance its assets through to the end of 2027, delivering key workstreams to demonstrate and unlock the value of the portfolio. The final Swedish FDI approval is anticipated within the coming month and will enable us to close the Financing and make additional progress at our flagship assets. The completion of the infill drilling campaign at Kallak provides us with positive momentum going into the second half of the year. I look forward to beginning this next chapter in Beowulf's growth, supported by the augmented board and management team."
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Power Metal Resources PLC - metals explorer with projects in North America, Africa, Saudi Arabia and Australia - Begins on-site work at its Tati Gold Project near Francistown, Botswana. The initial phase of work comprises rotary air blast drilling designed to test below the base of oxidation, in order to preclude the effects of supergene enrichment on results. This will be followed by drilling down-dip to develop information on the geometry and continuity of the mineralised body, and subsequently by drilling along strike to test the lateral extent of mineralisation, Power Metal says. "An extremely strong gold price environment continues to materially support the advancement of the Tati Gold Project and the potential for small-scale mining at Cherished Hope, reinforcing the economic rationale for continued investment and evaluation," company adds
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Oracle Power PLC - Australia and Pakistan-focused minerals and power projects developer - Submits a native vegetation clearing permit to the Department of Water and Environmental Regulation for the Northern Zone Intrusive Hosted Gold Project, 25 kilometres east of Kalgoorlie in Western Australia. Mine development and closure proposal remains on track to be submitted in September. Chief Executive Naheed Memon says: "The completion and submission of the NVCP to the Department of Water and Environmental Regulation puts us another step closer to the Company monetising our key Northern Zone Gold Project near Kalgoorlie. The gold price continues to remain strong, and this is a great time to be on the path to production. We remain firmly on track to submit our MDCP to the DMPE in early September, and we are working very closely with our funding partners, MEGA Resources, on finalising mine planning and scheduling."
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Tooru PLC - AIM-listed company focused on the branded health and wellness sector - Agrees to sell its 100% owned subsidiary, Market Rocket Ltd, to MR's management team which includes Matthew Peck, a previous Tooru director. "MR is a specialist accredited agency which partners with a range of clients, helping them to maximise their online sales potential across multiple digital channels. The consideration for the sale is GBP1, however, as part of the transaction, approximately GBP343,000 of external liabilities will be eliminated plus the intercompany balances with MR," company says. Adds: "MR is regarded as a non-core business for the Group, and the Board believes that the resources of the group would be better focused on the building and development of its leading consumer brands operating in the wellness sector."
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Caledonia Mining Corp PLC - operator of the Blanket gold mine in Zimbabwe - Updates on its Blanket Mine in Zimbabwe. Announces a 22% increase to the underground measured and indicated mineral resource estimates at Blanket to 2.178 million ounces of gold, contained in 17.7 million tonnes at a grade of 3.83 grammes per tonne. CEO Mark Learmonth says: "This most recent mineral resource estimate at Blanket re-confirms that Blanket's mineralisation continues at depth with generally improving grades and widths and creates the potential to extend Blanket’s mine-life by deepening its operations. A technical study to evaluate the optimal approach to further deepen Blanket's operations below the current depth of 1,100 meters below surface is well-advanced and is expected to be published towards the end of 2026."
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GENinCode PLC - Oxford-based genetic testing company and Thermo Fisher Scientific Inc - Reports new study results on its CARDIO inCode-Score Coronary Artery Disease Polygenic Risk Score test, which shows "major advance in the prediction and potential prevention of coronary artery disease. "The results demonstrated that polygenic risk assessment personalises coronary artery disease risk assessment and has significant implications for primary care and preventive cardiology. A single, low-complexity genetic test delivered as part of routine clinical consultation can identify those patients assessed as moderate-risk by conventional risk factors who are likely to benefit most from intensified prevention treatment. Genetic testing can also support the safe de-escalation of those who are found to be at low genetic risk," company says. Data show genetic information changed the overall risk assessment in 42.6% of moderate-risk patients, with 11.6% of patients reclassified upward, 14.9% downward, with 6.8% on the upward reclassification threshold, and 9.2% with a high polygenic burden while retaining a moderate risk. One in four changed their risk category outright. Says effectiveness and cost-effectiveness analyses are ongoing.
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KR1 PLC - digital asset investment company, which is focused on proof-of-stake blockchain networks - Net asset value per share falls to 17.70 pence at July 31 from 18.10p at June 30.
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By Aidan Lane, Alliance News reporter
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Related Shares:
Oracle PowerPower Metal Resources PLCSomeroHalo MineralsGenip PlcTooruCaledonia MinGenincodeBeowulf Mining PLCKr1 Plc