29th Sep 2025 12:29
(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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Devolver Digital Inc - Austin, Texas-based video game publisher - Devolver Digital's pretax loss in the first half of 2025 narrows to USD4.1 million from USD4.8 million a year prior, even though revenue falls by a quarter to USD38.8 million from USD51.6 million. Administrative expenses are reduced by 23% to USD16.4 million from USD21.4 million. "Our performance in the first half of 2025 was resilient against a tough prior-year comparator. We have good visibility on the second half of the year, supported by signed platform deals, Steam publisher and seasonal sales, a healthy release schedule and strong current trading since the half year end. We're delighted with the new titles we've delivered so far in 2025. These exciting new games have been very well received and will bolster the back catalogue in the future," Chief Executive Officer Harry Miller says. Devolver Digital says it is on track to meet guidance of revenue of over USD100 million for the full-year. Revenue in 2024 totalled USD104.8 million.
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Helios Underwriting PLC - London-based investment vehicle that provides participation in the Lloyd's of London insurance market - Helios Underwriting reports net asset value per share of GBP2.39 at the June 30 half-year point, rising from GBP2.33 at the end of December. "NAV is expected to increase further in H2 as a greater proportion of pipeline profits are recognised," it adds. Interim Executive Chair John Chambers says a "strong pricing environment in the insurance market continues to show through in our pipeline profits". "Whilst the 2025 year of account is at a very early stage of development, we are hopeful that the current strong rating environment will ultimately result in good returns for this year and beyond despite the modest headwind of a softening US dollar The ongoing strong financial performance of Helios reflects the strength of our unique proposition, our continued strategic delivery and favourable underwriting conditions," the chair adds. Helios Underwriting ups its dividend to 10p per share from 6p. In addition, it plans a tender offer to return up to GBP7.3 million to shareholders at 238p per share. The move follows "strong results over recent years, and good underwriting conditions in the Lloyd's market". Shares in the company are up 8.2% at 221.87p each in London on Monday afternoon, having closed at 205.00p on Friday.
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Spectra Systems Corp - Rhode Island, US-based company, provides technology for secure transactions, from banknotes to gaming - Pretax profit in half-year to June 30 jumps to USD14.1 million from USD5.9 million a year prior, as revenue surges 54% to USD35.0 million from USD22.7 million. Revenue is helped by the cost accounting-based revenue recognition of a manufacturing contract with a central bank customer, Spectra says. "The board therefore believes that the company is on track to achieve record earnings and meet market expectations for the full year," Chief Executive Officer Nabil Lawandy says.
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Water Intelligence PLC - London-based provider of water infrastructure technology solutions - Pretax profit in the six months to June 30 falls 11% to USD4.2 million from USD4.7 million a year prior, while revenue increases 8.4% to USD45.0 million from USD41.5 million. The profit decline is due to the IFRS 3 treatment of profits from an Irish acquisition, it says. Water Intelligence reports a finance expense of USD1.2 million, rising from USD731,327 a year prior. The company says results are in-line with market expectations.
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Huddled Group PLC - investor in e-commerce brands - Huddled's pretax loss in the first half of 2025 stretches to GBP1.9 million from GBP1.6 million, but revenue jumps 81% to GBP9.5 million from GBP5.3 million. Cost of sales rise to GBP9.3 million from GBP5.3 million, and administrative expenses increase to GBP2.1 million from GBP1.6 million. Since the half-year end, Huddled's Discount Dragon and Nutricircle units see divisional operating profit in August. The firm expects maiden net operating profit across all brands, before head office costs, in September. "We look forward to the busy Q4 2025 period with excitement. We will continue to improve the proposition in all three brands, whilst managing the transition of our fulfilment operations to THG Ingenuity, which is expected to be fully embedded and operational ahead of Black Friday," Huddled says.
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Aurrigo International PLC - Coventry, England-based transport technology provider - Pretax loss in first half of 2025 widens to GBP2.1 million from GBP1.6 million. Revenue declines 9.8% to GBP3.5 million from GBP3.9 million. Aurrigo in August warned it expected 2025 revenue "significantly below" market expectations at the time of GBP12.0 million. In 2024, the company reported revenue of GBP8.9 million. Aurrigo adds: "The group enters the second half in line with revised board expectations for FY25 as set out in the August trading update. The group anticipates continued tariff-related pressures in its Automotive business, albeit with expectations of volume stabilisation later in the year."
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Ebiquity PLC - London-based firm providing clients with insight on advertising industry - Ebiquity reports a pretax loss of GBP9.0 million in the first half of 2025, widening from GBP943,000 a year prior, while revenue is flat at GBP37.9 million. An impairment of goodwill and intangibles of GBP8.4 million hurts Ebiquity's bottom line. "The uncertain macroeconomic environment in North America has proved more persistent than previously anticipated and negative impacts on client spending and decision-making prevail. The group has proactively taken action in restructuring the North American leadership team and is also implementing targeted cost savings to improve profitability," Ebiquity says. It expects 2025 revenue of GBP75 million, in line with 2024.
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Surgical Innovations Group PLC - Leeds, England-based surgical and medical instrument manufacturer - Pretax profit in half-year ended June 30 amounts to GBP21,000, swinging from a loss of GBP487,000 a year prior, while revenue edges down to GBP6.1 million from GBP6.2 million. Other operating expenses decline by a quarter to GBP1.9 million from GBP2.5 million. "The group continues to deliver momentum internationally, with sustained growth in Europe and another strong performance expected in Japan," Surgical Innovations says. "The group remains well-positioned for sustained growth and long-term margin expansion." In addition, Surgical Innovations announces new additions to its board. Roy Davis, Andrew Boteler and Duncan Soukup join as non-executive chair, independent non-executive director and non-executive director, respectively. Jonathan Glenn and Keyvan Djamarani step down from as non-executive chair and non-executive director. The changes are with immediate effect. Davis is currently chair of neonatal respiratory firm Inspiration Healthcare Group PLC. Boteler is a non-exec at Cake Box Holdings PLC, while Soukup brings with him "over 35 years of investment experience".
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Epwin Group PLC - Solihull, England-based manufacturer of energy efficient and low-maintenance building products - Epwin's pretax profit in the half-year ended June 30 rises 6.3% to GBP8.5 million from GBP8.0 million. Revenue improves 9.2% to GBP172.5 million from GBP158.0 million. Epwin reports third-quarter trading to date has "followed a similar trend to the first half of the year". It does not expect a "significant improvement in market conditions" in 2025. Epwin does not declare an interim dividend, after a 2.10 pence payout a year prior. Epwin in August accepted a takeover bid from Laumann Stiftung & Co KG, a Germany-based provider of construction product solutions and IT services. The bid values the entire share capital of Epwin at around GBP167.3 million on a fully diluted basis, with an enterprise value of GBP269.6 million.
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By Eric Cunha, Alliance News news editor
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Related Shares:
Water Intel.Spectra (unres)Epwin GrpSurgical InnovationsHelios UnderwEbiquityAurrigoDevolver Dig. SHuddled Group