12th May 2025 12:12
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Likewise Group PLC - Birmingham, England-based floor coverings distributor - Pretax profit in 2024 decreases 86% to GBP25,467 from GBP188,431. Revenue, however, improves 7.4% to GBP149.8 million from GBP139.5 million. Adjusted pretax profit declines to GBP2.0 million from GBP2.3 million, an outcome it says reflects investment made, "particularly" in the first half. Likewise maintains its final dividend at 0.25p per share. Its total dividend is up 7.1% to 0.375p from 0.35p. In addition, it will launch a further GBP250,000 share buyback. "The group has made a strong start to 2025. The trajectory gives the board confidence in achieving the objectives before us, including the current market forecasts. There are many opportunities to continue to gain market share and it is very encouraging that increased profitability and subsequent improved return on investment is beginning to be achieved," Likewise adds. Zeus Capital Ltd will carry out the repurchases under the buyback programme. Shares re-acquired will "initially held in treasury and then may be cancelled periodically".
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Tristel PLC - Newmarket, England-based maker of infection prevention products - The US Food & Drug Administration completes review of 510(k) regulatory filing by Tristel for a disinfectant for ophthalmic and optometry medical devices. Tristel OPH has granted its clearance for immediate sale. "With 16 million ophthalmic procedures taking place every year in North America, the board believes that FDA clearance has the potential to transform ophthalmic disinfection practice in the region," Tristel adds. "Tristel OPH has a short contact time of two minutes, is compatible with all widely used ophthalmic medical devices, is easily used at the point of care and is instantly deployable."
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Mycelx Technologies Corp - Georgia, US-based clean water and air technology firm - Pretax loss narrows to USD2.6 million in 2024 from USD3.3 million in 2023, despite revenue falling 55% to USD4.9 million from USD10.9 million. It posts a one-off USD1.9 million gain on sale of property and equipment in 2024. It puts the revenue fall down to the sale of its Saudi Arabia business operations. In February 2024, the company sold its Saudi Arabia branch assets for USD7.1 million. "Today, Mycelx stands at an important inflection point in its journey - poised to deliver growth in its core markets, profitability, and delivering the future of clean water globally. Given our continued innovation, refinement, and global deployment of our proprietary technologies, we are now seeing the commercial momentum that has been built from years of foundational work."
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Iofina PLC - Colorado, US-based iodine producer - Iofina reports record annual revenue but a profit decline. Pretax profit falls 42% to USD4.8 million in 2024 from USD8.3 million. Revenue, however, increases 8.9% to USD54.5 million from USD50.0 million. Cost of sales increase 20% to USD41.2 million from USD34.4 million. "In 2024, Iofina achieved record revenues for the seventh straight year," Chief Executive Officer Tom Becker. "Profitability was somewhat impacted by the renegotiation of two brine water supply contracts as well as logistical delays in December that pushed USD2 million of confirmed sales into 2025. However, good progress was made in increasing iodine production by 13%."
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Tialis Essential IT PLC - Edinburgh-based provider of IT support services - Pretax loss in 2024 widens to GBP3.3 million from GBP1.8 million as revenue decreases 7.0% to GBP20.8 million from GBP22.4 million. "Trading in the current financial year remains in line with board expectations. Our in-year pipeline for 2025 stands at GBP8 million annual value with a broad range of customers and continues to grow, giving us strong visibility over future growth," Tialis adds. On Thursday, Tialis announced an initial GBP250,000 investment by its subsidiary AI Auxesis Ltd in QPC. QPC is a software company in the cloud contact centre space. "As part of the investment, AI Auxesis will provide both paid consulting services and an equity stake in QPC," Tialis adds.
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Malvern International PLC - London-based learning and skills development company - Malvern reports revenue increase in 2024 and largely unchanged loss. Pretax loss widens slightly to GBP145,054 from GBP144,782. Total revenue climbs 36% to GBP16.6 million from GBP12.3 million. "We continue to grow student numbers in the Pathways and Juniors businesses. Students are achieving high levels of attainment, and we are receiving positive feedback on student satisfaction," CEO Richard Mace says. "With both new international study centres in addition to University of East London due to welcome students from September 2025, we will see a period of forward investment as we prepare to grow international student numbers, creating a significantly larger organisation."
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Tan Delta Systems PLC - provider of oil-quality monitoring and maintenance systems for commercial and industrial equipment - Pretax loss widens in 2024 and revenue declines. Tan Delta's pretax loss stretches to GBP1.2 million from GBP1.0 million. Revenue falls 16% to GBP1.2 million from GBP1.5 million. Tan Delta says its commercial pipeline stands at GBP35 million as of the end of 2024, up markedly from GBP2.5 million a year prior. "Our challenge has not been a lack of opportunity - in fact, the scale and quality of engagements in our pipeline continue to grow. Conversion of trials to order and the time that takes has been frustrating at times and we have taken numerous steps in our customer engagement processes to standardise our approach to planning and executing trials to address this from which we are already seeing very early positive signs. Much of this is linked to the larger size and scale opportunities now being seen," Tan Delta adds.
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Caledonia Mining Corp PLC - Zimbabwe-focused exploration, development and mining firm - The firm hails an "exceptional" first-quarter. Pretax profit during period jumps to USD17.8 million from USD4.6 million. Revenue shots up 46% to USD56.2 million from USD38.5 million. Gold production improves 9.3% on-year to 19,106 ounces. Production guidance at the Blanket Mine for 2025 has been maintained at 74,000 to 78,000 ounces of gold. Output at the Blanket Mine alone in the first-quarter is 9.5% higher on-year at 18,671 ounces.
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Rome Resources PLC - mineral explorer with tin project in Democratic Republic of the Congo - The company, which announced last month it would mobilise and commence drilling at the Bisie North project in DRC, says it is currently operating helicopter support from Kisingani. Kisingani is located in the Tshopo Province of DRC. Rome Resources says drilling operations have now resumed. Chief Executive Officer Paul Barrett says: "We are very pleased to be back to drilling and look forward to completing the programme in a timely manner. Assays from the last three holes are now in-house and the company will advise the market of their results along with a detailed technical update on the strategy for the current drill programme in the coming days." In March, it had announced the temporary shutdown of drilling operations at the asset amid regional instability.
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By Eric Cunha, Alliance News news editor
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Related Shares:
Tialis Essen ItCaledonia MinRome ResourcesLikewise GroupTristelMycelx DiIofinaTan DeltaMalvern Intl