29th May 2025 13:40
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Atalaya Mining Copper SA - copper producer in Spain - First-quarter pretax profit jumps to EUR37.5 million from EUR2.1 million a year prior, as revenue nearly doubles to EUR130.7 million from EUR69.9 million, while exploration expenses surge to EUR3.3 million from EUR855,000. Earnings before interest, tax, depreciation, and amortisation surges to EUR52.5 million from EUR10.3 million, marking the highest quarterly Ebitda in company history. Diluted EPS rises to 20.8 cents from 1.4 cents. Net cash at March 31 grows to EUR38.1 million from EUR36.1 million a year before and EUR52.9 million at December 31. Reiterates full-year guidance. Copper production in the three-month period reaches 14,291 tonnes, up 34% from 10,666 tonnes and its best quarter since 2021's second quarter. "We remain very optimistic about the year ahead," says Chief Executive Officer Alberto Lavandeira. "We expect to make further progress across our copper growth projects in Spain, at a time when the copper market remains very tight despite global political developments and ongoing sector [mergers & acquisitions] is reducing options for investors that seek exposure to copper growth stories."
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Galantas Gold Corp - gold mining company focused in Northern Ireland and Scotland - Net loss for the three months to March 31 widens to CAD1.2 million, around USD876,000, from CAD653,616 a year prior, as the company records no revenue in either period. Administrative expenses ease slightly to CAD1.1 million from CAD1.2 million, while a CAD365,000 unrealised derivative gain offsets some losses. Basic and diluted loss per share remains at CAD0.01. Cash at March 31 totals CAD729,000, down from CAD1.3 million a year earlier. Working capital deficit expands to CAD17.3 million from CAD11.3 million.
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Odyssean Investment Trust PLC - Exeter, England-based investor in small-cap companies - Net asset value per share at March 31 is 137.9 pence, down 11% from 154.4p a year before. NAV total return for the year that ended March 31 is negative 10.7%, against a negative 0.4% return on the DNSC ex IT plus AIM index and compared to 3.7% a year prior. "Although the uncertainties driven by the tariff announcements have created market volatility, at the time of writing, it feels like markets are past the point of peak panic," says Chair Linda Wilding. The company remains confident in the portfolio's underlying value and is focused on driving long-term NAV per share growth. Odyssean anticipates "a comfortable recovery and potential medium-term gains without additional share issuance".
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Asiamet Resources Ltd - copper mine development in Indonesia - Posts widened pretax loss of USD5.5 million in 2024, from USD5.2 million the year prior. Reports no revenue. Asiamet says updated mining strategy at its 100%-owned BKM Copper Project reduces total material mined by 47% and lowers the life-of-mine strip ratio to 0.77. Capital costs are revised down by USD58 million. It raises USD3.6 million through a share placement and retail offer in October 2024.
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Serabi Gold PLC - Brazil-focused gold miner - Pretax profit for the three months to March 31 surges to USD10.8 million from USD3.6 million a year before, as revenue climbs 36% to USD27.6 million from USD20.2 million. Ebitda more than doubles to USD12.4 million from USD4.7 million. Gold output rises 11% to 10,013 ounces from 9,007 ounces. Average gold price received up 40% to USD2,908 per ounce from USD2,081. Cash at March 31 grows to USD26.5 million from USD22.2 million at December 31. "Q1 2025 marked a strong start to the year, continuing the positive momentum from H2-2024," says Chief Financial Officer Colm Howlin. Reiterates 2025 exploration spend of USD9 million, with drilling underway at Palito and Coringa.
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Rockhopper Exploration PLC - oil and gas exploration company, with key interests in the Falkland Islands - Swings to pretax profit of USD76.8 million in 2024 from a loss of USD2.8 million in 2023, driven by USD79.8 million of other income from monetising an arbitration award. Revenue remains immaterial. Operating costs fall, with administrative expenses down to USD3.3 million from USD3.8 million. Diluted EPS from continuing operations improves to 7.09 cents from negative 0.48 cents. Ends 2024 with USD20.9 million in cash and term deposits, up from USD8.0 million. Says development of Sea Lion project advances, with final investment decision targeted for the second half of 2025.
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Rockfire Resources PLC - Greece and Australia-focused gold, base metal and critical mineral exploration company - Pretax loss in 2024 widens to GBP2.0 million from GBP1.8 million the year prior, as administrative expenses also increase to GBP2.0 million from GBP1.8 million. Diluted loss per share narrows to 0.07 pence from 0.10p. The total comprehensive loss, including foreign exchange movements, amounts to GBP2.3 million, up from GBP2.0 million. Rockfire highlights a 500% increase in inferred resources at its flagship Molaoi project in Greece, where it continues to explore zinc, lead, silver and germanium prospects. "The year to 31 December 2024 has been a transformative one for Rockfire. The company has delineated a significant zinc/lead/silver resource, which is an outstanding achievement for any junior resource company," Chair Gordon Hart says. "Further, Molaoi is now set for resource upgrades, commercial scoping and financial and technical feasibility analysis."
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CT Private Equity Trust PLC - Edinburgh-based investment trust for private equity assets - Net asset value per share at March 31 is 693.40 pence, delivering a negative NAV total return of 0.8% for the first quarter, but up from 685.46p a year prior. Declares quarterly dividend of 7.01p per share, unchanged from the prior year and payable July 31. Makes GBP15.7 million of new investments, down 33% from a year before. Realisations total GBP10.3 million, down from GBP16.1 million a year prior. Net debt at March 31 stands at GBP90.4 million.
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By Eva Castanedo, Alliance News reporter
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Related Shares:
SerabiAtalaya MiningRockfire ResourcesGalantas GoldOdyssean Inves.Asiamet ResRockhopperCt Priv. Ord