5th Feb 2026 20:21
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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React Group PLC - Birmingham, England-based provider of cleaning and soft facilities management services - Operating profit falls to GBP204,000 in the financial year to September from GBP287,000 the year prior although revenue rises to GBP24.9 million from GBP20.7 million. Adjusted Ebitda rises 27% to GBP3.1 million from GBP2.4 million. Results benefit from strong second half rebound following a softer first half, supported by improved business mix and disciplined cost control. Says early FY26 trading has been encouraging, supported by sustained demand for reactive and planned services. Continues to take a cautious approach to discretionary project work, while the overall market backdrop is increasingly supportive of the group's strategic ambitions.
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Vaalco Energy Inc - exploration and production firm with assets in Canada, Ivory Coast, Egypt, Gabon and Equatorial Guinea - Enters agreement for the sale of all of its non-core producing properties in Canada to a third party for around CAD35.0 million (USD25.6 million), subject to customary closing adjustments. The Canadian properties current working interest production is at 1,850 barrels of oil equivalent per day. The effective date of the sale is February 1, and it is expected to close within the next 30 days. "While we believe that the Canadian assets are solid, we have decided to focus on our core assets with significant drilling campaigns and continued upside. With all of the recent successes in our assets and continued large scale drilling campaigns underway or planned in those areas, we determined that now was the right time to sell," comments Chief Executive George Maxwell.
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Verici Dx PLC - Cardiff, Wales-based developer of advanced clinical diagnostics for organ transplants - Enters agreement with Blue Cross and Blue Shield of Illinois for Tutivia, the company's post-kidney transplant test focused on early detection of acute rejection. The agreement ensures that Tutivia is considered as an in-network benefit for patients which streamlines the claims process and ensures that patients receive testing at in-network rates. BCBS also has its own preferred provider organisation network, of which Verici Dx is now a member. As a result, the company receives access to open contract processes with other BCBS entities, including BCBS Texas. In addition, says unaudited revenues in 2025 is USD3.8 million, up from USD3.3 million the year prior. This comprises USD3.0 million from recognised revenue of Tutivia and USD800,000 from license income, reflecting the expected timing of milestone payments under the outlicensed contract. "Whilst recognised Tutivia revenues of USD3.0 million were slightly behind market expectations for the full year, we continue to see strong testing volume acceleration beyond the USD3.2 million of orders received during the year. We are confident that our clinical and regulatory foundations will continue to show successful commercial traction across 2026 and beyond," company says.
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Tungsten West PLC - focused on the Hemerdon tungsten mine in Devon, UK - Raises GBP29.3 million through a direct subscription by a new "prominent international investor". It will also raises up to GBP11.0 million via a placing and a separate retail offer of up to GBP3 million. The issue price for the fundraising is 18.00p per share. The firm intends to use the net proceeds to deliver the 2025 feasibility study, pay for financing and transaction costs, repay its bridge facility and fast track production. Tungsten West adds that the fine gravity circuit commission is expected to begin in the third quarter of 2026.
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Cornish Metals PLC - mineral exploration and development company focused on advancing South Crofty, a tin mine located in Cornwall, England - Receives non-binding letter of interest from the Export-Import Bank of the US, outlining potential financing support for the development of the South Crofty tin project in Cornwall. Under EXIM's Supply Chain Resiliency Initiative, the LOI specifies EXIM's capacity to consider up to USD225 million in financing. South Crofty may also qualify for special consideration under EXIM's China and Transformational Exports Program. "This Letter of Interest from EXIM is a testament to the quality and strategic importance of South Crofty and its potential to become the first new tin producer in the western world. This indicative support also demonstrates the ramping up of our discussions with potential project financing sources as we progress towards a final investment decision," says Chief Executive Don Turvey.
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Arcontech Group PLC - London-based provider of real-time financial market data and services says pretax profit falls 24% to GBP394,622 in the six months to the end of December from GBP518,166 a year prior. Revenue decreases by 4.7% to GBP1.4 million from GBP1.5 million, as Arcontech says recurring revenue falls 3% and one-off revenue drops 69%. The firm adds that is is now unlikely to make up the recurring revenue loss in the full year. It notes that one-off revenue was exceptionally high in the previous year. Arcontech says revenue was down due to the loss of a long-standing customer and some downsizing. "With our strong pipeline we are confident that we will build back lost business and return to growth next year," says Chair Geoff Wicks.
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By Jeremy Cutler, Alliance News reporter
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React GroupVaalco EnergyVerici DxTungsten westCornish MetalsArcontech Group