1st Apr 2025 12:43
(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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NIOX Group PLC - Oxford, England-based developer of medical devices for asthma diagnosis and management - Reports a 90% increase in pretax profit in 2024 to GBP7.8 million from GBP4.1 million in 2013. Revenue advance of 14% to GBP41.8 million from GBP36.8 million drives this improvement, with NIOX proposing a final dividend of 1.25 pence per share, reflecting a 25% increase from 1.0p. Reports strong demand in the Clinical business, which grew by 11%. Management expects operating costs to increase broadly in line with inflation in 2025. Adds that discussions with Keensight Capital regarding a proposed acquisition of NIOX at 81p per share remain in preliminary stages, with no certainty any firm offer will be made, nor as to the terms of any such offer, should one be made. Executive Chair Ian Johnson comments: "2024 was another good year for the Group. Revenue increased 14% to GBP41.8 million... All three of our geographic regions grew revenues, with APAC leading the way".
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Corero Network Security PLC - London-based cybersecurity firm specialising in distributed denial of service protection - Swings to pretax profit in 2024 of USD555,000 from a loss of USD153,000 in 2023, as revenue increases 9.9% to USD24.6 million from USD22.3 million. Notes increased order intake of 13% to USD28.2 million from USD24.8 million with annual recurring revenue growing 16% to USD19.5 million from USD16.9 million. Reports a "strong new business pipeline" for 2025, adding that 2025 trading has got off to a "solid start" with "customer wins across the globe, contract expansion with alliance partner Juniper Networks". Corero says it has expanded its partnership with Juniper, enabling it to now sell Corero's full portfolio of DDoS protection solutions to customers with any network infrastructure configuration. Expresses confidence in medium-term trading prospects of the firm. Chief Executive Carl Herberger comments: "I am delighted with the performance of Corero across 2024; we have made significant progress in both further developing our product stack alongside aggressively expanding our go-to-market strategy...The global demand for our products is strong and Corero remains well placed to capitalise on this sizeable and growing market opportunity."
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Sancus Lending Group Ltd - London-based alternative financial services provider - Swings to pretax profit in 2024 of GBP130,000 from a restated loss of GBP9.0 million in 2023. Notes inclusion of GBP2.8 million on the buy-back of some zero dividend preference shares. Revenue improves 36% to GBP16.8 million from a restated GBP12.3 million and operating expenses fall 7.8% to GBP6.0 million from a restated GBP6.5 million, with changes in expected losses swinging to GBP402,000 credit from a restated GBP4.8 million charge. Says this reflects a stabilisation in the credit quality of its on balance sheet loan portfolio and continued progress in managing legacy loan exposures. Reports loan book at year-end increase of 18% to GBP237.6 million from GBP202.1 million. Adds that UK assets under management grew 33% to GBP84.0 million from GBP63.0 million. On current trading, says first two months of 2025 have generated 20% on-year increase to GBP3.0 million from GBP2.0 milliom, with AuM at February 28 of GBP247.9 million, up 4.3% from GBP237.6 million at December 31. Chief Executive Rory Mepham says: "Our priority focus continues to be achieving sustainable growth and profitability. Our residential property lending businesses are now operating efficiently in the UK & Ireland, as is our joint venture for property lending in the Channel Islands... While we have much work to do in order to deliver sustained operating profitability, these results and the benefits of actions taken in the year to improve the positioning of our core business gives me confidence that we now have the platform from which to deliver profitable growth and accelerate our strategic progress."
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Ironveld PLC - South Africa-focused mining company - Shares are restored to trading on AIM following the publication of its financial 2024 results. Also posts its interim numbers for financial 2025. Reports no revenue in the 6 months ended December 31, 2024, down from GBP440,000 the prior year. Pretax loss widens to GBP689,000 from GBP514,000. Notes cash and cash equivalents of approximately GBP525,000 as of Thursday last week. For financial 2024, revenue more than doubles to GBP267,000 from GBP103,000 in 2023, while its loss before tax widens to GBP1.2 million from GBP1.23 million from GBP1.17 million.
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By Christopher Ward, Alliance News reporter
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Related Shares:
Niox GroupCorero NetworkSancus LendIronveld