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EARNINGS AND TRADING: SysGroup revenue rises, CFO steps down

8th Jul 2026 18:40

(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:

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Galantas Gold Corp - mining and exploration company, focused on producing gold and copper from its assets in Northern Ireland and Chile - Chair Roisin Magee resigns with immediate effect, as she "has decided to move to a senior role in private equity." Board names David Cather, previously a non-executive director, as interim chair.

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EMV Capital PLC - life sciences-focused investor - Invests in portfolio company Dogtooth Technologies' GBP14 million growth funding round. Says Dogtooth is "a pioneer in AI-powered robotic harvesting systems," and will use the proceeds "to accelerate the commercial deployment of its harvesting robots across the UK and international markets." The funding also includes equity from 24 Haymarket and ACF Investors, grants from Innovate UK, and a venture leasing facility from Kineo Finance. EMV says Dogtooth has already shown that its technology is commercially ready, including through the use of its systems by Dyson Farming, and is at the forefront of "applying artificial intelligence to physical machines capable of interacting with real-world environments." Says 'embodied AI' is being "increasingly recognised as the next major phase of AI deployment". "Dogtooth exemplifies our investment thesis: finding world-class deeptech teams early, adding value through our platform, and scaling our commitment as the business proves itself," comments EMV Chief Executive Officer Ilian Iliev.

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SysGroup PLC - Manchester, England-based IT services, cybersecurity and cloud hosting provider - Reports group revenue of GBP22.1 million for the year ended March 31, up 7.7% from GBP20.5 million. Adjusted earnings before interest, tax, depreciation and amortisation increase 26% to GBP1.2 million from GBP945,000, in line with its expectations in April. Pretax loss narrows to GBP2.2 million from GBP2.5 million. "What we have built over the past two years is not a restructured legacy MSP; it is a fundamentally different business," comments Executive Chair Heejae Chae. "We have leaned fully into AI, re-engineering how the company operates from the ground up rather than bolting technology onto old processes...FY26 shows the model working: revenue up 8%, Adjusted Ebitda up 26% and strong cash generation, all achieved in a cautious SME spending environment. This is MSP 3.0: a connected, AI-native service model that breaks the traditional link between growth and headcount." Looking ahead, Chae says: "We have entered FY27 on the same trajectory as H2 FY26, and that momentum has been maintained in the early months of the new financial year. The board remains confident of making further progress. The board expects to exceed market expectations for FY27." Also, Chief Financial Officer Owen Phillips steps down, effective immediately, "to pursue a new opportunity". However, he "will support the group over the next few months to provide an orderly handover." SysGroup promotes Financial Controller Craig Ormesher, who spent four years in the same role at LBG Media PLC, to interim CFO.

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Boku Inc - San Francisco, California-based mobile payment service provider - Chief Executive Officer Stuart Neal acquires 106,000 common shares at 95 pence each, for GBP100,700 in total, on Wednesday in London. Transaction increases Neal's holding to 925,195 shares or 0.31% of Boku's issued share capital.

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Frenkel Topping Group PLC - Manchester, England-based specialist financial and professional services firm - Scheme for its acquisition by Irwell Financial Services Bidco Ltd, a vehicle indirectly owned by a limited partnership managed by Harwood Private Equity LLP, has now become effective. Expects its shares to be cancelled from trading on AIM from 0700 BST on Thursday. Non-Executive Director Tim Linacre steps down from the board, while Non-Executive Chair Christopher Mills retains his role on an interim basis, "pending the identification and recruitment of a suitable alternative chairperson as soon as practicable."

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VSA Capital Group PLC - London-based investment bank and broker - Reports turnover of GBP2.4 million for the year ended March 31, down from GBP2.8 million the year before. Says its retained corporate client base grew to a record 37 from 30, "despite a continued decline in the number of companies listed on the London Stock Exchange and AIM." Pretax loss widens to GBP641,423 from GBP7,622. "During the period, we successfully completed significant fundraisings for corporate clients, including GBP14.1 million for Aurrigo International PLC and GBP25 million for Invinity Energy Systems PLC," Non-Executive Chair Mark Thompson adds. He continues: "Global and domestic economic and political developments have been unhelpful in the past couple of years but we are well placed to build on our capabilities. We look forward to the months ahead with cautious optimism."

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By Emma Curzon, Alliance News reporter

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


Related Shares:

Emv CapitalSysgroupLBG MediaBokuFrenkel ToppingAurrigoInvinity EnergyGalantas Gold
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