10th Jun 2025 21:39
(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:
----------
Ariana Resources PLC - London-based mineral explorer and developer, which has gold mining interests in Africa and Europe - pretax profit multiplies to GBP2.7 million in 2024 from GBP59,000 a year prior. No revenue, but bottom line benefits from GBP5.7 million share of profit of Zenit compared to GBP2.1 million a year ago. "This has been a year of substantial progress, both in terms of our operational performance and our longer-term strategic development as a gold mining company. Amidst global uncertainty, heightened geopolitical tensions and fluctuating commodity markets, Ariana not only held its ground but also took bold strides forward," company says. The near-term focus is clear, Ariana says, "achieve first gold pour at Tavsan and to deliver the Dokwe Feasibility Study ahead of project financing." At the same time, will look to continue to advance exploration across south-eastern Europe in partnership with Newmont Mining Corp. "With a disciplined approach to capital allocation, strong local partnerships, and a growing track record of project delivery, Ariana has entered its next growth phase with great confidence and purpose," it adds.
----------
Spiritus Mundi PLC - special purpose acquisition vehicle focused on the clinical diagnostics sector in Europe and Asia - pretax loss widens to GBP592,921 in the 12 months to September 30 from GBP537,979 a year prior. No revenue is reported, unchanged. During the financial year, the directors reviewed a number of potential acquisition targets in Europe and the Asia Pacific regions, company says, with the greatest potential seen in the clinical laboratory and clinical diagnostic areas. In February, company announced that it was now pursuing the acquisition of Restalyst Pte Ltd, solely.
----------
Metir PLC - Surrey-based developer of real-time mass spectrometers - raises GBP850,000 via a placing and subscription at 0.65 pence per share. Placing raises GBP780,000 while subscription by certain directors raises GBP70,000. The placing represents around 40% of the enlarged issued share capital of Metir. Metir believes that additional financing will support stronger growth and move the company into profitability more quickly. Proceeds are intended to provide working capital and settle outstanding past due creditors. On completion of the placing, the company's current net cash position is expected to be GBP850,000 and the company will have adequate working capital headroom to continue to operate for the foreseeable future.
----------
Savannah Resources PLC - developing Barroso lithium project in Portugal - At annual general meeting, says moving forward with confidence despite the challenging market conditions. "It is our intention today to continue at our current pace in the months ahead, generating further news flow, as we work towards our next major project goals, being completion of the definitive feasibility study and the RECAPE submission in the environmental licencing process," Savannah says.
----------
Zinc Media Group PLC - television and audio production group - reports it has secured a "seven figure commission for filming and event production in the United Arab Emirates". It will "lead the creative process from concept to delivery of a major event for a corporate client", Zinc adds. It is its 10th seven-figure commission, meaning GBP1 million or more, over the past 10 months.
----------
GenIP PLC - London-based generative AI services provider - announces its expansion into Chile through an engagement for 30 analytical assessment orders from a leading research institution. The order increases the total value of invention evaluator orders received by GenIP since its IPO last October to over USD850,000. "This milestone strengthens GenIP's growing footprint in Latin America and underscores global demand for its GenAI-enabled services," says GenIP Chief Executive Melissa Cruz.
----------
John Wood Group PLC - Aberdeen, Scotland-based oilfield and engineering services provider - Wins USD2.8 billion contract from Abu Dhabi National Oil Co to deliver an engineering, procurement and construction management package for the long-term gas processing facilities at the UAE's Habshan facility. The contract value includes pass through revenue, with Wood anticipated to recognise around USD400 million of revenue through EPCm services. Wood's scope includes the delivery of substantial upgrades and debottlenecking solutions to the existing Habshan and Habshan 5 gas processing mega-complexes and pipelines, including brownfield modifications and the installation of new facilities. "This win reinforces our position as a leader in highly complex engineering and project delivery solutions at considerable scale," says Chief Executive Ken Gilmartin.
----------
AEW UK REIT PLC - Leeds, England-based real estate investment trust - Buys Freemans Leisure Park, an 8.4-acre freehold site in the centre of Leicester, for GBP11.2 million. The purchase price reflects an "attractive" net initial yield of 10.6% and a capital value of GBP103 per square foot. The property is fully let to tenants including Odeon Cinemas Ltd, Mecca Bingo Ltd, Spirit Pub Co Ltd and Nando's Chickenland Ltd, providing a weighted average unexpired lease term to expiry of greater than eight years. The acquisition completes the redeployment of sale proceeds from the disposal of Central Six Retail Park in Coventry. "We are very pleased to have completed this acquisition which returns the company to a fully invested position. Freemans Leisure Park offers an accretive income profile, as well as being defensively priced relative to surrounding alternative-use land values. We continue to actively monitor a pipeline of investments and remain optimistic about the attractive opportunities for investment in the current market," says AEW UK REIT Portfolio Manager Laura Elkin.
----------
Cloudified Holdings Ltd - British Virgin Islands-incorporated shell company - further to the announcement in May, continues to progress the previously identified acquisition opportunity and is now targeting completion in October.
----------
By Jeremy Cutler, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
ArianaSpiritus MundiMetir PlcSavannah ResourcesZinc MediaGenip PlcWood Group (J)Aew Uk ReitCloudified Holdings Limited