24th Mar 2026 18:26
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Altona Rare Earths PLC - Africa-focused resource exploration and development - Receives completed assay results from its 2025 drilling campaign at Monte Muambe, paving the way for the mineral resource estimate. Says fluorspar results "meet expectations". Of note, hole MM156 returns 30 metres at 42.5% fluorspar from surface. This represents the highest grade x intercept length recorded to date at Monte Muambe, Altona says. The weighted average grade of all significant intercepts is 30% fluorspar, "aligning with industry benchmarks for commercially viable open-pit mining operations." Says Gallium results "exceed expectations". Reports Gallium mineralisation "over wide, consistent intercepts" up to 50 metres (averaging 18 metres), with a weighted average grade of 63 grams/ton of gallium oxide. Says these results "surpassed internal pre-drilling expectations." Gallium metallurgical testing is now underway to assess recovery potential from fluorspar tailings, "an essential step toward evaluating commercial viability." Chief Executive Officer Cedric Simonet comments: "While gallium associated to carbonatites and fluorspar is a new type of deposit, and much work remains to be done to establish its ultimate commercial viability, these results clearly strengthen the case for investing further in gallium studies. The initiation of gallium metallurgical testing announced last week is a essential part of these studies."
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Neo Energy Metals PLC - owns uranium and gold projects in South Africa - Negotiations on an access to site agreement with Sibanye-Stillwater Ltd are currently underway to secure unrestricted access to the New Beisa Complex. Neo Energy says the access agreement will enable certain preparatory work to commence while it awaits section 11 approval. Further, security contractors and mineral rights specialists are now engaged with Sibanye-Stillwater and Neo Energy is recruiting professionals and contractors to complete its Neo implementation assessment "with a view to achieving the targeted medium-term production timeline date of December 2027." Sibanye-Stillwater Section 11 and Section 102 applications have been submitted to the Department of Mineral and Petroleum Resources, with approval expected in June. Following approval of the section 11 applicaiton, Neo Energy will submit its own application by December 6. Additionally, Neo Energy is currently updating the resource statements "to reflect the improved operating environment and prices in the gold and uranium markets". Elsewhere, expects approval by December of the mining right application for the Henkries Complex.
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Time Finance PLC - Bath, England-based asset, loan and invoice finance provider for small and medium enterprises - Provides trading update for the nine months to February 28. Own-book lending origination climbs 27% to GBP86.5 million from GBP69.3 million a year ago. Revenue rises 4% to a record GBP28.3 million from GBP27.3 million. Pretax profit improves by 5% to a record GBP6.2 million from GBP5.9 million. Gross lending book increases 12% to a record GBP236.4 million at February 28 from GBP210.2 million. Says Invoice Finance and Asset Finance have accounted for 96% of new lending volume originated during the period, up from 91% a year ago, and now make up 88% of the total lending book compared to 81% a year ago. Expects full year results to be in line with market expectations. CEO Ed Rimmer says: "To be able to report all-time record nine-month group revenue and profit before tax in what remain challenging macro-economic conditions is particularly pleasing. To have made these strides forward while maintaining robust credit criteria, as shown by the continued improvement in our arrears and our write-offs, is another key performance indicator that we feel underlines the robust nature of the business."
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Ultimate Products PLC - Oldham, England-based homeware company - Ultimate Products Employee Benefit Trust trustee JTC Employer Solutions Trustee Ltd buys 15,000 shares at 45.21 pence. Following the transaction, the EBT holds 3.1 million ordinary shares, representing around 3.6% of the Ultimate Products's share capital. The EBT holds shares for the benefit of employees and satisfies the vesting of awards made under the company's share incentive schemes.
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Real Estate Investors PLC - Birmingham, England-based real estate investment trust - Reports 2025 results. Revenue falls to GBP9.4 million from GBP10.8 million in 2024. Underlying profit before tax declines to GBP2.9 million from GBP3.4 million, with a pre-tax loss of GBP800,000 narrowed from a GBP2.4 million loss in 2024, primarily due to the revaluation deficit of GBP3.0 million on investment properties compared to a GBP6.3 million revaluation deficit in 2024. EPRA net tangible assets per share falls to 49.1 pence from 51.3 pence, while EPRA earnings per share declines to 1.7 pence from 1.9p. Basic loss per share is 0.5 pence compared to 1.4 pence. CEO Paul Bassi says "unprecedented low levels of investment sales activity...and a particularly slow [fourth quarter] caused by the uncertainty in the lead up to the November 2025 UK Budget...resulted in our sales and debt repayment being slower than anticipated." Adds: "Despite these challenges, REI has remained disciplined in the execution of its orderly sales programme, completing and contracting disposals totalling GBP18.9 million in 2024 and GBP8.0 million in 2025, whilst continuing to pay a covered dividend throughout the sales process." Total dividend drops to 1.6 pence from 1.9p in 2024.
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GetBusy PLC - Cambridge, England-based document workflow software for professional and financial services firms - Swings to pretax loss of GBP1.0 million in 2025 from profit of GBP594,000 in 2024. Revenue rises to GBP22.1 million from GBP21.4 million. Group annual recurring revenue improves to GBP22.6 million from GBP21.6 million. Comments: "Strong execution and favourable market dynamics drove faster ARR growth in SmartVault, supported by stronger new business, higher pricing, improved retention and early traction from SmartRequestAITM in a significantly larger addressable market. Workiro continued to build momentum in the enterprise market while refocusing efforts on professional services customers, leveraging its established reputation in that segment." Looking ahead, considers AI to be "a driver of enhanced strategic value for the group's products as trusted vertical platforms with embedded workflows become the essential layer through which transformative AI capabilities reach end users."
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By Aidan Lane, Alliance News reporter
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