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EARNINGS: Caledonian widens annual loss; Fair Oaks dividend unchanged

30th Sep 2025 18:12

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Caledonian Holdings PLC - investment company focused on financial services - Reports pretax loss of GBP4.4 million for the year ended March 31, widening from GBP777,000 a year earlier. Says the loss is mainly due to a GBP4.0 million negative fair value movement on investments, particularly Conduit Pharmaceuticals, WeShop and Aeristech. Net assets fall to GBP2.9 million from GBP6.2 million, while cash increases to GBP787,000 from GBP54,000. Company raised around GBP2 million in two post-year-end fundraises to support its new strategy, including a GBP1.0 million investment into AlbaCo, a prospective new bank targeting UK SMEs. Chair Brent Fitzpatrick says setbacks in the legacy portfolio "underline the importance of the decisive shift in strategy now underway."

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Strategic Minerals PLC - mineral producer in the UK, US and Australia - Reports pretax profit of USD568,000 for the six months to June 30, down from USD950,000 a year before. Revenue slips to USD2.0 million from USD2.1 million, with operations at Cobre in New Mexico briefly shut down for 10 days due to wildfires. Post-tax profit drops to USD151,000 from USD667,000, reflecting board restructuring costs, US tax settlements and higher exploration spending. Basic and diluted earnings per share from continuing operations is 0.9 US cents, down from 3.3 cents. Cash at June 30 rises to USD1.5 million from USD621,000 at December 31. Company raises GBP1.0 million in April placing to advance Redmoor tungsten-tin-copper project in Cornwall. Also receives GBP764,000 in UK government grant funding. Executive Chair Charles Manners says: "We have in Redmoor the opportunity to develop a leading source of critical and strategic minerals to provide resilience to western world supply chains. Now that the Cobre magnetite operation is performing strongly, we are focused on accelerating the development of Redmoor to unlock its true value."

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Vox Valor Capital Ltd - London-based technology investment company - Reports revenue of USD15.7 million for 17 months to May 31, compared with USD5.6 million for 2023. Pretax loss widens to USD1.8 million from USD569,585. Operating loss is USD1.3 million versus USD90,000. Total comprehensive loss of USD953,000 compared with profit of USD469,000. Basic and diluted loss per share is 7 US cents versus 1 cent. Chair Konstantin Khomyakov says the group remains focused on growing organically and through acquisitions. Notes expansion of mobile marketing services in the UK, US, Europe and Asia, while evaluating opportunities in digital content, Web3 and blockchain.

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EMV Capital PLC - life sciences focused investor - Reports revenue in six months to June 30 at GBP1.1 million, slightly down from GBP1.1 million a year earlier. Pretax loss narrows to GBP1.5 million from GBP1.8 million. Loss attributable to owners of parent is GBP1.1 million, compared with GBP1.7 million. Basic and diluted loss per share is 4.1 pence versus 7.1p. Assets under management total GBP104.7 million at June 30, down from GBP106.7 million a year earlier but up from GBP98.5 million at December 31, 2024. Total assets rise to GBP19.7 million from GBP19.5 million, while net assets ease to GBP13.6 million from GBP14.1 million. Cash at period-end is GBP500,000 million, down from GBP1.0 million. Chief Executive Officer Ilian Iliev says: "Despite continued challenging market conditions, our AuM remains above GBP100 million as we protected and strengthened our positions in key portfolio companies. We supported our portfolio through GBP5 million in syndicated fundraisings, with proactive management and hands-on value creation services."

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Fair Oaks Income Ltd - Guernsey-based investor which specialises in collateralised loan obligations - NAV total return for 2021 shares is 1.2% in the half-year, compared with 5.8% a year earlier. NAV total return for realisation shares is 0.2%, compared with 6.8%. Declares dividend of 4.0 US cents per 2021 and realisation share, unchanged from a year prior. Profit for the six months ended June 30 falls to USD2.4 million from USD14.0 million. Earnings per 2021 share 0.63 cents, versus 3.17 cents. Earnings per realisation share 0.11 cents, versus 3.80 cents.

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Goldstone Resources Ltd - Ghana-focused gold explorer - Pretax loss widens to GBP3.8 million for the six months ended June 30, from GBP2.4 million a year earlier. Revenue rises to USD6.7 million from USD2.6 million, with gross profit up more than threefold to USD3.9 million. Says production reaches 2,917 ounces of gold to the end of August, supported by infrastructure upgrades and recommencement of mining at Pit 1. Chief Executive Emma Priestley says: "Looking ahead, we remain confident in the fundamentals of our assets and our ability to execute our growth plans."

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Hydrogen Utopia International PLC - London-based company focused on the conversion of non-recyclable mixed waste into clean hydrogen, new materials and renewable heat - Pretax loss of GBP201,361 for six months to June 30, narrowing from GBP418,367 a year before, as administrative expenses more than halve to GBP186,000 from GBP496,000. Basic and diluted loss per share improves to 0.05 pence from 0.11p. Cash at June 30 stands at GBP373,000, up from GBP239,000 a year earlier. Chief Executive Aleksandra Binkowska says the company is "no longer knocking on closed doors" in Europe, but instead "walking through open ones" in the Middle East, where demand for waste-to-hydrogen is accelerating.

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By Eva Castanedo, Alliance News reporter

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


Related Shares:

Caledonian HoldStrategic MineralsVox Valor CapEmv CapitalFair Oaks Inc21Goldstone ResourcesHydrogen Utopia
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