15th Dec 2025 21:20
(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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Kelso Group Holdings PLC - acquisition vehicle - Intends to raise GBP1 million via placing and subscription at an expected price of 3 pence per share. Proceeds will be used to expand Kelso's current investment portfolio into "identified opportunities which will improve the balance of risk versus reward." The investments will be made in line with Kelso's business model, which aims to identify opportunities where the board believes the market has underestimated the intrinsic value and where a catalyst is required to unlock that value.
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Versarien PLC - Gloucestershire-based advanced materials group - Updates on the disposal of wholly owned subsidiary, AAC Cyroma Ltd, to Harper Bennett Ltd for GBP550,000, which was completed in September 2024. The consideration was payable in cash in 16 equal quarterly instalments commencing in December 2024. Since that date, four instalments have been paid, totalling GBP137,500, leaving GBP412,500 outstanding. Versarien has now been advised that AAC Cyroma intends to enter into a creditors' voluntary liquidation. Consequently, Versarien will now seek to invoke its charge over AAC Cyroma's assets to recover the outstanding consideration payable.
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Calculus VCT PLC - venture capital trust - Net asset value per share declines to 56.43 pence at September 30 from 59.04p at March 31. The strongest positive movement within the qualifying portfolio was generated by Quai Administration Services, while Insurtech business Optalitix continued its strong momentum. "Given the broader economic and political environment and the recent period of instability, some valuation reductions across parts of the portfolio were unavoidable," Calculus says.
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Trafalgar Property Group PLC - South-East England-focused residential property developer - Pretax loss widens to GBP155,000 in the six months to September 30 from GBP83,000 the year prior. Revenue grows to GBP715,000 from just GBP1,000, but the cost of sales rises to GBP743,000 from nil a year ago. The prior year also benefited from GBP118,000 in other income compared to nil this time. Cash in bank at the period's end was GBP62,813 compared to GBP53,095 a year ago.
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Worsley Investors Ltd - Guernsey-registered closed-ended, self-managed investment firm - Net asset value per share increases 23% to 42.71 pence at September 30 from 34.62p at March 31. Earnings per share rise to 7.82p from 4.11p a year ago. NAV total return is 6.6% down from 8.4% a year prior. The company "delivered a solid half year performance, making good progress in a number of areas," it says.
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Goldplat PLC - gold miner and producer with recovery operations in Ghana and South Africa - Pretax profit falls to GBP2.0 million in the financial year to June 30 from GBP6.0 million the year prior. Revenue decreases by 22% to GBP56.7 million from GBP72.7 million, and operating profit falls by 62% to GBP3.7 million from GBP9.8 million. "Considering the operational challenges during the year, specifically business model changes required in Ghana, I am pleased with the trading results achieved by the group this year and the board are confident in the foundational work which continues to be done," Chief Executive Werner Klingenberg says. "Looking forward to the next financial year, I believe Goldplat can build on current operational performances, through increase of supply and progressing processing of the [tailings storage facility] and we look forward to reporting on our progress throughout 2026."
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Sure Ventures PLC - venture capital fund backing early-stage artificial intelligence, augmented and virtual reality, and internet of things companies - Net asset value falls to 170 pence at September 30 from 176p at March 31. "This outcome is in line with expectations, reflecting normal short-term market fluctuations while the funds continue to deploy capital and mature their portfolio companies," Sure Ventures says. "The company's exposure to artificial intelligence, cybersecurity, and immersive technology continues to look well positioned," it adds, noting "these are among the few segments where valuation multiples are increasingly justified by tangible adoption and consistent revenue growth, rather than by speculative narrative."
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Amigo Holdings PLC - West and Central Africa-focused gold exploration company - Reports pretax profit of GBP70.8 million in the 18 months to September 30 compared to a loss of GBP1.2 million in the 12 months to March 31, 2024. Chief Executive Officer Nick Beal says: "During the financial period we completed the scheme of arrangement and made all of our staff redundant. That drew a line under Amigo's difficult recent past." Amigo is now looking to identify and pursue a reverse takeover in the mining sector. " If no reverse takeover happens, shareholders are unlikely to receive any remaining value once Amigo runs out of funds and is liquidated," it says. In October, Amigo appointed Craig Ransley as a consultant to assist with this. On Monday, Amigo reports that the work on identifying potential reverse takeover candidates continues to make meaningful progress, and says Ransley will join the Amigo board as director and executive chair. Furthermore, Amigo looks to raise GBP188,100 via a retail offer at 0.3p each.
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Helium One Global Ltd - London-based helium explorer in Tanzania, also has a 50% working interest in the Galactica Project which is operated by Blue Star Helium Ltd - Says gathering system has been successfully pressure-tested at the Galactica Project and is now tied in to the production facility. The production facility has reached substantial completion, with facility commissioning to commence this week. First gas is still scheduled ahead of year-end, Helium One says.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Kelso Grp HldgVersarienCalculus VctTrafalgar PropWorsley Inv LtdGoldPlatSure VenturesAmigoHelium One