29th Sep 2025 13:15
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News:
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Coro Energy PLC - South East Asian energy company focused on natural gas and renewables - Swings to a pretax profit of USD23.7 million in the six months that ended June 30 from a loss of USD1.2 million the year prior. First-half revenue rises to USD310,000 from USD136,000, while general & administrative costs tick up to USD1.4 million from USD1.2 million on-year. The firm says it has "finalised the company's pivot to a 100% renewables strategy" after divesting a 15% stake in the Duyung production sharing contract, with the long stop date revised to the end of September. Coro also notes its recapitalisation through a GBP2.1 million fundraise during the first half. Since June 30, it has signed a memorandum of understanding with Threefold Energy Group for energy storage opportunities in Vietnam and South East Asia, and raised an additional GBP1.6 million.
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United Oil & Gas PLC - mining company with an exploration asset in Jamaica - Narrows its pretax loss in the first half of 2025 to USD461,180 from USD1.4 million a year earlier. The company is yet to generate revenue, but says it has entered the second half "with real momentum". United Oil & Gas intends to prioritise securing the necessary permits for its Walter Morant licence in Jamaica, whilst seeking a farm-out partner. Discussions in this regard are "ongoing", the firm says, "with potential partners reviewing the licence data" but still under non-disclosure agreements. Back in March, the company was granted a two-year extension for the licence until January 2028. It estimates that Walter Morant has around seven billion barrels' worth of "unrisked potential".
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CleanTech Lithium PLC - lithium exploration company focused on Chile - Says it looks to the months ahead "with confidence" after pretax loss narrowed to GBP1.2 million in the half-year ended June 30 from GBP2.2 million the previous year. However, the company notes it has "paused" plans for a dual listing on the Australian Securities Exchange, and "will revisit that intention once there is greater clarity on CleanTech Lithium's CEOL bid." The company's licences at Laguna Verde currently cover about 97% of an area subject to a government special lithium operating contract, or CEOL. CleanTech sees itself in a strong position to receive the CEOL award. Chief Executive Ignacio Mehech says: "We are now front runners for a new streamlined process, which should be opened in the coming months." Following the end of the half-year, restructuring has resulted in four directors stepping down from the board, while "a new Jersey-resident director is expected to be appointed soon."
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Keras Resources PLC - Surrey, England-based mine developer targeting West Africa and the US - Posts a narrower pretax loss of GBP299,000 in the first half of 2025, compared to GBP436,000 a year earlier. The company cites lower expenses for the improvement, with cost of production reduced to GBP116,000 from GBP420,000 and net finance costs totalling GBP4,000, versus GBP80,000 on-year. However, revenue falls to GBP415,000 from GBP556,000 in the first half of 2024. Keras maintains a positive view, noting progress in ramping up US phosphate production, as well as receipt of the first payments on the Nayega manganese mine in Togo. This relates to an agreement signed in 2023 with Togo's state manganese company. Keras notes that "the manganese market has rebounded strongly off its lows over the past 18 months" and that Nayega has begun production in line with guidance. This "will underpin cashflows from the company's flagship operation in Utah," Keras says.
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Alien Metals Ltd - Australia-focused mining company - Widens its pretax loss to USD622,000 in the six months ended June 30 from USD579,000 the year prior. The firm says it continues working towards production at Hancock, its flagship iron ore project in Pilbara, whilst "assessing alternative strategic options for the project." Alien Metals adds: "The months ahead will be pivotal. At Hancock, finalising a value-maximising opportunity is our clear priority." Also during the first half, Alien Metals secured a stake in the Pinderi Hills joint venture, which has copper and nickel potential as well as government funding. Back in May, the firm completed its Elizabeth Hill silver JV, receiving around USD600,000 in cash, alongside shares in its partner West Coast Silver Ltd, which are worth around USD4 million. Alien Metals retains 30% interest in Elizabeth Hill.
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By Holly Munks, Alliance News reporter
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Coro EnergyKeras ResAlien MetalsUnited Oil&gasCleantech Lithium