30th Jul 2025 13:48
(Alliance News) - 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:
----------
Goodwin PLC - Stoke-on-Trent-based engineering firm - Pretax profit jumps 42% to GBP34.3 million in the financial year to April 30 from GBP24.2 million a year prior. Revenue increases 15% to GBP219.7 million from GBP191.3 million. Basic and diluted earnings per share rise to 327.17 pence from 224.53p. Reflecting the profit growth, Goodwin more than doubles the full year dividend to 280p from 133p. The increased performance is in line with expectations, Goodwin says, with growing momentum within the Mechanical division the primary driver. The increase in the gross margin to 42% is a reflection of the quality of the nuclear and defence related contracts starting to come through, company adds. The "excellent" result helps reduce net debt to GBP13.6 million from GBP42.9 million the year before, taking gearing down to 9.9% from 35.1%.
----------
Aberdeen Group PLC - Edinburgh-based asset manager - Pretax profit rises 45% to GBP271 million in the six months to June 30 from GBP187 million a year prior, on an IFRS basis. Adjusted operating profit drops 2.3%, however, to GBP125 million from GBP128 million. Diluted earnings per share climb 48% to 13.5p from 9.1p. Assets under management totals GBP517.6 billion up 1% compared to GBP511.4 billion last year, net outflows in the period are GBP0.9 billion compared to net inflows of GBP0.8 billion last year. Chief Executive Jason Windsor says Aberdeen has "made good progress against our strategic ambition to become the UK's leading Wealth & Investments group." Notes interactive investor continues to go from "strength to strength" while Q2 net flows in Adviser "at their best level for over two years". At interactive investor, trading revenue rises 36% at GBP45 million year-on-year, with trading volumes reaching record levels in April. Windsor continues: "In Investments we have made further progress in improving efficiency, which has kept profits stable as we reposition the business towards our strengths in credit, specialist equities and real assets." Looking ahead, "there is clear growth potential across all three of our businesses and we remain focused on delivering against our 2026 targets," he adds. Aberdeen says transformation programme achieved GBP137 million of run rate savings by end of the first half and is on-track to deliver target of at least GBP150 million of annualised cost savings by the end of 2025, the majority of which will benefit Investments. Aberdeen is "confident in the outlook for the business", underpinned by the full-year 2026 group targets of adjusted operating profit above GBP300 million, and net capital generation of GBP300 million.
----------
Rathbones Group PLC - London-based investment and wealth manager - Pretax profit drops 4.6% to GBP62.3 million in the six months to June 30 from GBP65.3 million. Operating income nudges up however, by 0.4% to GBP449.1 million from GBP447.4 million. Basic earnings per share is 42.6 pence down from 43.9p a year prior. The dividend is hiked 3.3% to 31.0p per share from 30.0p. In addition, Rathbones announces first ever share buyback of GBP50 million. Funds under management total GBP109.0 billion at June 30 up from GBP104.1 billion at the end of the first quarter and broadly in line with the year-end 2024 position of GBP109.2 billion. Net outflows were GBP1.0 billion compared to GBP0.6 billion a year ago, but flows improve as the half progresses. Chief Executive Paul Stockton says: "The first half of 2025 marked a pivotal phase for Rathbones, as we successfully completed the planned client and asset migration of Investec Wealth & Investment." "These results mark a turning point since the combination and enable the business to shift its focus from migration to the future opportunity ahead," he adds.
----------
Greencoat UK Wind PLC - London-based investment company that focuses on acquiring and managing operating wind farms in the UK - Swings to pretax loss of GBP72.4 million in the six months to June 30 from GBP19.1 million profit a year prior. Investment income totals GBP216.7 million, down slightly from GBP218.8 million a year ago. Basic and diluted loss from continuing operations is 3.23 pence per share compared to EPS of 0.83p. Net asset value per share is 143.4p at June 30 compared to 151.2p at the end of 2024. The target dividend for 2025 is 10.35p per share and Greencoat declares a payout of 2.59p for the second quarter of 2025, after paying 2.50p in the first quarter. "Despite lower portfolio generation due to low wind, the group delivered robust cash generation of GBP163 million to achieve dividend cover of 1.4x. The team continues to progress a number of key initiatives aimed at optimising asset performance and enhancing long-term value," company says. In addition, Greencoat announces the sale of three wind farms for GBP181 million, which will bring the cumulative value of disposals over the past year to GBP222 million. Expects proceeds to be allocated primarily to decrease gearing and in support of the extended share buyback programme announced in February. Gearing at June 30 was 41.5% with pro forma gearing, taking account of the disposals, at 39.5%, assuming all proceeds are applied to reducing debt.
----------
Alfa Financial Software Holdings PLC - London-based provider of software to automotive finance providers - Says revenue rose 18% year-on-year to GBP31.4 million in the quarter to June 30, or 22% at constant currency. "This was in line with our expectations," Alfa says. Revenue increases 20% to GBP62.5 million for the half year to June from last year, or by 22% at constant currency. Subscription revenue is up 17% up on last year, Software Engineering sales up 72% and Delivery revenue 10%. Notes late-stage pipeline "remains strong" with seven prospects. "We are the preferred supplier with six of these and have started working under letters of engagement with all of them. One customer prospect has deferred their project and moved out of the late-stage pipeline as a result of their current supplier extending support for their legacy system," Alfa adds. Chief Executive Adrian Denton says: "We are well positioned to achieve our expectations for the year."
----------
Tritax Big Box REIT PLC - London-based real estate investment trust - Signs lease deal with a "leading data management company" for its recently completed 391,000 square foot logistics facility at Symmetry Park, Rugby. The 15-year lease contains open market rent reviews every five years with rental levels setting a "new high" for the scheme. Tritax expects yield-on-cost towards the upper end of its 6% to 8% guidance. Director Jonathan Wallis says: "Symmetry Park Rugby continues to be incredibly successful," adding the latest letting "underlines our insight-driven approach to development, delivering modern, high-quality buildings matched to occupier needs. We are seeing strong occupational interest in the remaining two units at Rugby, further demonstrating the quality of the location and the buildings themselves."
----------
FDM Group Holdings PLC - London-based IT-focused professional services provider - Expects an annual result "significantly lower than its previous expectations". "After an initial improvement during the first quarter, escalating trade tensions and newly-heightened macroeconomic and geopolitical uncertainties from early April... saw the group's activity levels revert to the lower rates seen in the second half of 2024," FDM says. "Our engagement with our clients remains positive and there are many ongoing conversations regarding future deployments and projects. However, the inherent lack of certainty and confidence in many of our end markets is resulting in much-lengthened timelines, with client procurement processes elongated and commercial decisions frequently delayed or deferred," FDM says. Pretax profit in the first six months of 2025 slumps 48% to GBP8.0 million from GBP15.5 million, while revenue falls 31% to GBP97.3 million from GBP140.2 million. In response, slashes dividend to by 40% to 6.0p per share from 10p. "While current market uncertainties make the immediate outlook very difficult to predict, we remain optimistic about FDM's opportunities for growth over the longer term," it adds.
----------
By Jeremy Cutler, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Greencoat UK WindAlfa FinTritax Big BoxGoodwinAbrdnRathboneFDM Group