23rd Mar 2026 20:21
(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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Pennant International Group PLC - Cheltenham, England-based provider of systems support, technical services and training with focus on defence sector - Pretax loss narrows to GBP2.5 million in 2025 from GBP3.0 million the year before, despite lower revenue of GBP9.7 million, down 30% from GBP13.8 million. Gross margin levels remain "strong" at 49%, down slightly from 50% a year ago. Pennant says software annual recurring revenue is a record GBP2.4 million, up 26% from GBP1.9 million the year before. Further, company notes 60% of revenue is now recurring in nature. "As we look ahead to 2026, the group enters the year with increasing momentum and a clearer pathway to sustainable performance and profitability," company says. Pennant expects software ARR to exceed GBP3.0 million by the end of 2026, further strengthening margins and reinforcing the benefits of a strategic shift toward "higher value, scalable software solutions". Pennant expects a return to a break‑even adjusted pretax profit in 2026 and has "confidence in delivering on market expectations for the year." In 2025, Pennant reports adjusted pretax loss of GBP1.9 million, widened from a GBP300,000 loss in 2024.
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Orcadian Energy PLC - North Sea focused oil and gas exploration and development company - Pretax loss widens to GBP500,239 in the six months to December from GBP449,015 the year prior. Basic and diluted losses per share are 0.63 pence compared to 0.60p. "While short‑term outcomes are difficult to predict, the board believes that energy security will become an increasingly important priority for governments over the medium to long term compared with the position a decade ago," company says. Orcadian expects that, "over time", UK government policy will continue to evolve to encourage "responsible investment in domestic oil and gas resources, including the North Sea." Believes the transition to the Oil & Gas Price Mechanism provides "greater clarity and is likely to encourage long‑term investment decisions".
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Theracryf PLC - Cheshire, England-based pharmaceutical firm focused on cancer and brain disorders - Announces completion of preclinical dose range finding studies for its lead orexin-1 receptor antagonist programme being developed for addiction. Says Ox-1 blocker was well tolerated at doses up to one gram per one kilogram of body weight, the highest that is permissible by regulators in such a study. Findings from this study are consistent with data reported for other Ox-1 and dual Ox-1/2 antagonists that have achieved full marketing approval, company adds. Based on these results, doses have been selected for the pivotal 28-day toxicology studies, the final major pre-clinical studies required for submission for regulatory approval for the first in human clinical study. These studies will commence imminently, with final reporting on schedule in the third quarter of 2026." "We continue to deliver a potentially class leading asset on target for clinic readiness in the fourth quarter of this year, exactly in line with the plan outlined at the start of this project," says Chief Executive Huw Jones.
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Nativo Resources PLC - Peru-focused exploration company - Says underground operations at the Bonanza gold mine restated in February and notes an early intersection of gold-bearing vein material within the first 6m of a newly advanced development heading. Naticao says it is prioritising a "high-confidence gold target zone, enhancing near-term recovery potential". A comprehensive sampling programme is in progress, supporting grade control and metallurgical optimisation, it adds. Chief Executive Stephen Birrell says: "These early results from Bonanza are highly encouraging and validate both our geological interpretation and our decision to prioritise this target zone. Intersecting gold-bearing material within the first few metres of development is exactly the outcome we were aiming for." Adds: "We are still at an early stage of development at Bonanza, but the combination of early mineral exposure, disciplined execution and a clear strategy gives us increasing confidence in the potential of the project."
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Caspian Sunrise PLC - mining company focused on Kazakhstan's oil and gas sector - Buys Kazikhan Ltd for an initial USD25 million, rising to as much as USD45 million. Kazikhan, a company registered in Kazakhstan's Astana International Financial Center, holds shares in a group of companies, which in turn hold licences to explore for minerals being principally manganese and gold, but also silver, copper and molybdenum. One of its principal assets is the licence to explore for and produce manganese at the Borly location in the Karaganda province of central Kazakhstan. Consideration will be satisfied by issue of 373.1 million shares to be issued at 5 pence per share. On the confirmation within five years of completion of the acquisition by the Kazakh authorities of certified gold reserves, additional consideration would be due of USD4 million for each tonne of gold reserves certified by the Kazakh state, up to a maximum of USD20 million. This will be satisfied by the issue of up to a further 298.5 million shares at 5p each.
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CleanTech Lithium PLC - Chile-focused lithium explorer - CleanTech Lithium's wholly owned subsidiary, Atacama Salt Lakes Spa receives around GBP1.0 million, representing input VAT already incurred on the Laguna Verde project. This follows the successful application for an advance recovery of VAT in Chile. "To receive this VAT refund, along with support from the Ministry of Economy, demonstrates the Chilean Government's commitment to our Laguna Verde project. The team has worked diligently to achieve this outcome and the funds will strengthen our financial position," Chief Executive Ignacio Mehech says.
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Kendrick Resources PLC - mineral exploration and development company with projects in Namibia and Sweden - Raises GBP1 million from existing shareholders, new investors and directors through the issue of shares at 2.6 pence each. The fundraising comprises a placing of raising GBP250,000 via Shard Capital Partners PLC and share subscriptions raising GBP750,000. Executive Chair Colin Bird subscribes for GBP65,000 worth shares.
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CQS Natural Resources Growth and Income PLC - London-based investor, provides exposure to mining and resource-focused equities - Agrees six months' protective notice with its investment manager, CQS UK LLP. If formal notice of termination is served by the company prior to June 30, the six months' notice period will be deemed to have started on March 13. "Taking this action is in the best interests of shareholders as the company continues to explore its options for the long term," CQS says. CQS adds it "continues to consider a number of options at its disposal."
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Gfinity PLC - London-based e-sports and gaming services company - Pretax loss narrows to GBP233,944 in the six months to December from GBP271,284 the year prior. Revenue increases 8.0% to GBP421,381 from GBP390,099, reflecting continued recovery in Gfinity Digital Media and initial contributions from Connected IQ. Gross margin expand to 38.4% from 33.3%, driven by a shift towards higher-value direct sales and technology-driven revenue streams. Chief Executive David Halley says: "We are excited about the prospects for Gfinity as we enter the second half of the financial year. The period under review saw meaningful progress across all three of our growth pillars: Gfinity Digital Media returned to consistent profitability, Connected IQ is starting to generate commercial revenue and building momentum with brands and agencies, and Yentra.AI is creating an entirely new revenue stream in the fast-growing sovereign AI market." He adds: "We look forward to the remainder of FY26 with confidence and anticipate strong revenue growth in the coming months and thereafter into 2026."
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Pennant InternationalOrcadian EngyNativo ResourcesTheracryf PLCCaspian SunriseCleantech LithiumKendrick ResourcesCQS Natural Resources Growth & IncomeGfinity