2nd May 2025 18:01
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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First Class Metals PLC - gold and critical metals explorer in Ontario, Canada - Pretax loss narrows to GBP1.4 million in 2024 from GBP1.6 million in 2023, as administrative expenses reduce by 6.7% to GBP1.4 million from GBP1.5 million and finance costs are down 78% to GBP26,766 from GBP123,324. The firm continues to report no revenue. The board remains "cautiously optimistic" and "resolutely focused" for the year ahead, says Chair James Knowles. "The achievements of 2024 have laid a strong foundation. We have built considerable momentum in our exploration programmes, forged beneficial partnerships, and upheld financial prudence. Our task now is to carry this momentum forward into the coming year and beyond, converting our exploration success into tangible value for our shareholders."
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Digital 9 Infrastructure PLC - London-based investor in internet infrastructure such as data centres and subsea fibre - Net asset value per share at December 31 is 34.36 pence, down 26% from 46.59p on June 30 and down 57% from 79.33p on December 31, 2023. Annualised consolidated portfolio revenue for 2024 is up 3.8% on-year to GBP381 million from GBP396 million, while earnings before interest, tax, depreciation and amortisation grow 1.1% to GBP179 million from GBP181 million. Declares no dividend for 2024, against 3p per share in 2023. "2024 was a year of significant change for the company, with the appointment of a new board and investment manager, InfraRed Capital Partners Ltd, to effect the managed wind-down of the company," says Chair Eric Sanderson. "We believe the company is in a more stable position, and we have materially progressed the managed wind-down mandated by shareholders last year, with the signed divestments of EMIC-1 and Aqua Comms."
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Atlas Metals Group PLC - natural resources and energy investor formerly known as MetalNRG - Pretax loss widens to GBP3.4 million in 2024 from GBP1.5 million in 2023, as administrative expenses increase 75% to GBP2.8 million from GBP1.6 million. The firm swings to a GBP288,966 loss on the disposal of investment impairment, from a GBP175,000 disposal a year prior. Finance costs multiply to GBP275,693 from GBP92,263. "2025 began with a review of our extensive pipeline of other potential acquisition targets and we are currently engaged in discussions with a number of potential acquisition targets," says Director Christopher Chadwick. "The board is therefore confident in the company’s ability to conclude a value accretive reverse takeover transaction during the course of 2025 and with it the recapitalisation and full repositioning of Atlas Metals as a growth focused mid-tier mining company on the London Stock Exchange.
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Rockpool Acquisitions PLC - Belfast-based special purpose acquisition company - Swings to pretax profit of GBP239,300 in the nine months that ended December 31 from a GBP505,677 loss in the twelve months that ended March 31, 2024. The firm in March changed its year-end date to December 31 from March 31. Records other income of GBP452,500 from none in the prior period, while administrative expenses are reduced by 58% to GBP212,824 from GBP505,275. The firm in December agreed the terms for a reverse takeover of European Lingerie Group AB, to be followed by Rockpool's re-admission to the Equity Shares (Commercial Companies) category of the Official List, and the Main Market of the London Stock Exchange. "We were delighted to announce the proposed transaction with European Lingerie Group in December. We have since then made progress towards the consummation of the transaction and achieving re-admission. We look forward to providing shareholders with further updates," says Non-Executive Chair Richard Beresford.
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Supernova Digital Assets PLC - looks to identify investment and business building opportunities in the Solana and crypto currency ecosystem - Swings to pretax profit of GBP2.5 million in the year that ended October 31, 2024, from a restated GBP6.9 million loss the year before, as the firm also swings to GBP100,000 in profit on investment disposals from a GBP3.8 million loss on-year. Delivers fair value movements in intangible assets like cryptocurrencies of GBP3.0 million, against GBP264,000 the prior year. Records revenue of GBP89,000 for the year, from none the year before. The firm during the year "decided that best interests were served by divesting a number of non-core businesses and focusing on the Solana cryptocurrency ecosystem," says Executive Chair MS Edwards. "It is the board's opinion that Solana will be integral to the success of the crypto environment and there will be an increasing level of development of system architecture that sits on the Solana ecosystem. In doing so, the overhead burden of the company was significantly reduced." The firm remains positive regarding its outlook for cryptocurrencies generally, and Solana in particular.
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Sealand Capital Galaxy Ltd - Asia-focused digital investor that offers financial and strategic support to entrepreneurs - Pretax loss narrows to GBP350,224 in 2024 from GBP427,046 in 2023, despite revenue declining 3.2% to GBP121,802 from GBP125,793. Administrative expenses are reduced by 24% to GBP409,569 from GBP537,554. "Despite the global economy experiencing turbulence and uncertainty in the face of conflict and tensions in international trade, the group remains dedicated to enhancing its performance," says Executive Chair Elena Suet Sum Law. "However, the group acknowledges the challenges posed by ongoing political conflicts between nations. Nevertheless, the group is steadfast in the belief that the group can expand its sales within our region, employing a strategic approach that emphasizes the expansion of direct sales through online shopping platforms."
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Corpus Resources PLC - London-based oil and gas company formerly known as Curzon Energy PLC - Pretax loss narrows to USD642,087 in 2024 from USD735,253 in 2023, as administrative expenses reduce by 28% to USD412,589 from USD571,548. The firm continues to report no revenue. Corpus in February fully implemented the creditor voluntary arrangement passed by the company creditors and shareholders at two meetings in September 2024, which has provided a "solid foundation" for the company to move forward with a potential reverse takeover, noted Non-Executive Chair Richard Glass. This would reduce its liabilities by USD4.1 million.
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Skillcast Group PLC - London-based digital compliance content and technology provider - Swings to pretax profit of GBP548,639 in 2024 from a GBP647,963 loss in 2023, as total revenue grows 17% to GBP13.2 million from GBP11.3 million. Administrative expenses are up 23% to GBP9.7 million from GBP7.9 million. Declares total dividend of 0.517 pence per share for the year, up 16% from 0.447p the year before. Earnings before interest, tax, depreciation and amortisation swing to GBP500,000 from a GBP600,000 loss on-year. "I am particularly pleased with the growth of our all-inclusive Premium plan, which reached 6% of total [annual recurring revenue] within the first year of launch, and the take-up of CoreCompliance, our pre-configured, self-serve offering for small businesses. We are excited about the performance of Aida - our AI-powered compliance assistant launching this year, and how it has been received by clients and prospects. We expect it to support the sales of both Premium plan and CoreCompliance in the coming years," says Chief Executive Officer Vivek Dodd. "We are confident that our product and exceptional customer service will allow us to continue scaling up our ARR and revenues, and our operational gearing will allow us to continue improving our Ebitda margin."
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By Emily Parsons, Alliance News reporter
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Related Shares:
First Class MetDigital 9Atlas MetalsRockpool AcquiSealand CapCorpus Resources PLCSkillcast