23rd Jun 2026 13:35
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and Friday and not separately reported by Alliance News:
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Angus Energy PLC - UK-focused onshore oil and gas developer - Swings to an interim loss as revenue falls. The company swings to a pretax loss of GBP69,000 in the six months to the end of March from a GBP757,000 profit a year earlier. Revenue falls 16% to GBP9.5 million from GBP11.3 million. Non-Executive Chair Krzysztof Zielicki says the first half of the year has been "one of significant progress for the company". "The production uplift achieved at Saltfleetby is expected to support improved revenues and cash flow generation going forward. The Board continues to evaluate further opportunities to optimise field performance and maximise value from reserves at the company's flagship asset," the chair adds. Looking ahead, Angus Energy says it is focused on the completion of the restructuring process and the restoration of trading in its shares. "Operationally, we expect to benefit from the full impact of the Saltfleetby workover programme during the remainder of the year while continuing to pursue further optimisation opportunities across the portfolio. Once this is complete, Angus will turn its attention to organic and inorganic growth opportunities, including potential mergers and acquisitions," the firm adds.
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Arkle Resources PLC - Dublin-based mineral exploration and development company - Reports a narrower pretax loss for 2025 due to nil impairments and lower administrative expenses. The pretax loss narrows to EUR498,492 in 2025 from EUR2.0 million in 2024. In 2024, Arkle reported a EUR1.8 million impairment of exploration and evaluation assets. Administrative expenses fall 17% to EUR225,244 from EUR271,223. In January 2026, Arkle says it announced a "transformational" acquisition that repositions it as an energy metals explorer "with uranium at its centre". Chair John Teeling says: "The acquisition of four uranium licences in Namibia's Erongo Region, which completed shortly after the year end, is a logical next step in our journey, positioning Arkle to become one of London's premier uranium explorers at the beginning of a sustained global nuclear expansion cycle."
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Wolfram Resources PLC - Acquisition vehicle targeting critical minerals, formerly Miotal PLC - Reports a narrower loss for the first half of the year as administrative expenses sink. The loss for six months to the end of March from continuing operations narrows to GBP51,773 from GBP226,161 a year earlier. Administrative expenses slide 77% to GBP51,773 from GBP226,161. Chair Graeme Muir says the firm is operating on a skeleton basis to keep the loss as low as possible. "The board are not currently taking a salary whilst they have been diligently procuring an established business or businesses in the strategic metals and rare earth assets," he adds. At the end of March, the company's cash position was GBP10,367, down 88% from GBP84,983 in 2025. "Since the end of the reported period, the company has continued to actively pursue alternative acquisition opportunities involved in strategic metals and rare earth assets," Chair Muir adds.
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Phoenix Copper Ltd - US-focused base and precious metals producer and explorer - Reports a narrower loss despite higher exploration & evaluation expenditure as operating expenses fall. The pretax loss for 2025 narrows to USD4.4 million from USD7.1 million in the previous year. Phoenix Copper reports no revenue for 2025, unchanged on-year. Exploration & evaluation expenditure multiplies to USD1.1 million from USD12,394. Administrative expenses fall 36% to USD1.6 million from USD2.5 million, while other operating expenses sink 71% to USD1.3 million from USD4.6 million. Phoenix Copper says 2024 financial statements are restated to reflect the reversal of unauthorised transactions. As previously announced, Phoenix Copper says its former executive chair and former chief financial officer made unauthorised payments to Lloyd Edwards Jones SAS without the current board's knowledge or approval. The payments took place over a nine-year period and amounted to USD1.7 million. The firm says it is taking active steps to seek reimbursement of the unauthorised payments from Marcus Edwards-Jones and Richard Wilkins. These proceedings are at an early stage. It has received a USD40,000 payment in 2026. "The board considers that further recovery is uncertain and may not exceed legal expenses to be incurred by the company," Phoenix Copper adds. "With copper prices holding above USD6.00/lb, gold above USD4,000/oz, and silver above USD60/oz the outlook for mining and milling at Empire is outstanding. Despite the recent challenges faced by the company, the Empire mineral reserve remains intact," says Chief Executive Officer Ryan McDermott.
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By Michael Hennessey, Alliance News reporter
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Related Shares:
Arkle ResAngus EnergyWolfram ResPhoenix Copper Limited