24th Sep 2025 11:48
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and Tuesday and not separately reported by Alliance News:
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Everyman Media Group PLC - London-based premium cinema chain - Everyman's pretax loss in the half-year to July 3 narrows to GBP3.4 million from GBP4.9 million, on revenue which grows 21% to GBP56.5 million from GBP46.9 million. Adjusted earnings before interest, tax, depreciation and amortisation rise by a third to GBP8.2 million. Admissions increase 15% to 2.2 million and Everyman has "confidence" in the remainder of the year due to a release pipeline which includes Downton Abbey: The Grand Finale in September, Wicked: For Good in November, and Avatar: Fire and Ash in December. "Despite the hottest UK summer on record and a continuing challenging economic environment, the group is currently trading in line with market expectations," Everyman adds. It puts market expectations at GBP121.6 million for revenue and GBP20.0 million for adjusted Ebitda. In the financial year ended January, revenue amounted to GBP107.2 million and adjusted Ebitda was GBP16.2 million.
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Time Finance PLC - Bath, England-based asset, loan and invoice finance provider for small and medium enterprises - Time Finance reports improved annual earnings and says trading will be in line with expectations in the new year. Revenue in the year ended May 31 improves 12% to GBP37.1 million from GBP33.2 million, helping push pretax profit 34% higher to GBP7.9 million from GBP5.9 million. Non-Executive Chair Tanya Raynes says the growth came despite "wider macro-economic headwinds". The lending book stood at GBP217.4 million as at the year end, rising from GBP201.2 million 12 months earlier. Chief Executive Officer Ed Rimmer says: "At the same time arrears have fallen from 12% to 5% and secured lending, namely Invoice Finance and Hard Asset Finance, has moved from 52% to 83% of the total lending book. Our brand has continued to grow amongst our key introducer base, we have a highly capable and driven team, and the business has been simplified. We can now look forward as we embark on our new, three-year plan through to May 2028 with great optimism." For the new year, it expects trading "to be at least in line with market expectations". Revenue in the first quarter improves 3% to GBP9.4 million from GBP9.1 million, with pretax profit up 11% to GBP2.1 million from GBP1.9 million. The lending book stood at GBP221.1 million at the end of August, up from GBP205.3 million a year earlier.
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Baillie Gifford China Growth Trust PLC - invests in shares or depositary receipts of Chinese companies -Net asset value per share at July 31 half-year end improves 14% to 294.53 pence from 259.07p in January. Baillie Gifford China Growth Trust's total return over the six months is just under 15%, improving from just over 10% a year prior. It beats the MSCI China All Shares Index benchmark which returns just over 10%. "The very strong performance in the past year is therefore steadily recouping the underperformance since the mandate change. From the mandate change to Baillie Gifford in September 2020 until 31 July 2025, the company NAV TR and share price total return has underperformed the benchmark by 9.9% and 14.7%, respectively," the investor adds. Formerly known as Witan Pacific Investment Trust, the firm changed its investment policy to Chinese equities in 2020, having had a broader Asia Pacific focus. Baillie Gifford China Growth Trust does not pay interim dividends. It pays a single full-year dividend declared with annual results. Looking ahead, it says: "Recently, conditions for growth investing in China have been supported by an outline China-US trade deal, China government stimulus to stabilise the economy and ongoing state support for the private sector. More notable for Baillie Gifford's concentrated portfolio of growth stocks is mounting evidence of Chinese companies' leadership in EVs, e-commerce and AI. Portfolio holdings such as BYD, ByteDance (owner of TikTok), PDD (owner of Temu), CATL, Meituan and Pop Mart have all achieved global recognition."
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Weiss Korea Opportunity Fund Ltd - invests primarily in listed South Korean preference shares which trade at a discount to their common share counterparts - The firm, in a managed wind down since April, reports an increase in its net asset value. NAV per share at June 30 rises to GBP1.63 from GBP1.40 in December. The net asset value return since the managed wind down began is 20%, short of its benchmark which returns 27%. "Since the managed wind-down, WKOF increased its holdings of cash and cash equivalents and decreased its holdings of Korean preference shares. Given the recent market rally in Korea's equity markets, WKOF's NAV performance has lagged The Korea Index," WKOF says.
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Dianomi PLC - London-based provider of native digital advertising services - "Lower publisher traffic levels" and weaker demand hits Dianomi's interim earnings. Pretax loss in the first half of 2025 widens to GBP694,000 from GBP142,000. Revenue falls to GBP13.2 million from GBP14.2 million. "Macroeconomic conditions have been turbulent in 2025 which naturally impacted our trading performance. That said, we continued to attract new, premium advertisers and publishers. Furthermore, behind our headline numbers, we have been investing in expanding the team, particularly our global sales function, launching new sector-targeted products and harnessing AI to drive operational efficiencies," CEO Rupert Hodson says. Dianomi hails the "positive scaling of new publisher partnerships with CNN and AP News". "Revenue in July and August was flat year on year but positive signs from new budgets commencing in September indicate a stronger second-half of the year," it adds.
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Andrews Sykes Group PLC - provider of air conditioning, heating, pumps, chillers and boilers based in England's West Midlands region - Pretax profit in the first six months of 2025 rises 2.9% to GBP10.0 million from GBP9.8 million, but revenue declines 1.2% to GBP37.9 million from GBP38.4 million a year prior. Administrative expenses in the half-year shrink 5.5% to GBP7.6 million from GBP8.0 million. "Unfavourable" exchange rate movements in the euro and UAE dirham hurt revenue. However, Andrew Sykes reports record operating profit of GBP10.0 million, rising from GBP9.7 million a year prior. "Revenue in the period at Andrews Sykes Hire in the UK declined by 10.9% compared with the same period in 2024, with reduced pump revenue accounting for the majority of this decrease. With the UK experiencing one of the driest springs on record, and England experiencing the driest start to a year since 1976, weather-related revenue opportunities were negatively impacted," Andrew Sykes says. "Our businesses in Europe fared more positively, with revenue in the period increasing 8.1% compared to the same period in 2024." Its UAE business, Khansaheb Sykes, "continues to experience an improvement in trading performance and the recent trend of revenue growth". Revenue there grows 38% on-year. Trading the in the second half to date has been largely in line with the first, with UK softness offset by strength elsewhere. Looking ahead, it says: "Overall, the board remains confident of delivering full year results in line with its expectations, with the geographical diversification of the group mitigating the risk of any one market underperforming. In the longer term, the board remains optimistic that the business will continue to improve but are mindful of the impact that adverse macro-economic issues can pose to the business and customer demand." Andrew Sykes maintains its interim dividend at 11.90p per share.
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Getech Group PLC - Leeds-based locator of subsurface resources - Pretax loss in first six months of 2025 widens to GBP914,000 from GBP821,000 a year prior, as revenue declines 3.3% to GBP2.1 million from GBP2.2 million. Getech hails "a significant restructuring" which helps trim annualised costs by 20%. "The changes made in the first half of 2025 have re-shaped the business for the better. We now have a coherent and focussed commercial base together with a sustainable business strategy which the new strengthened executive board are delivering on. Early indicators - such as the reduced cost base and sales pipeline improvements - are positive," Chair Michael Covington says. Getech's adjusted Ebitda loss narrows to GBP100,000 from GBP300,000 a year prior. It adds: "As we enter our traditionally stronger second half of the year, we are leveraging our pipeline of expected renewals and new business opportunities to focus on achieving our targets of delivering mid-to-high single digit organic revenue growth and achieving Ebitda positive for 2025. In parallel, we are progressing our portfolio of Natural Hydrogen joint exploration projects with a view to material value creation in the medium to long-term."
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Block Energy PLC - Georgia-focused oil and gas company - Block Energy swings to a half-year loss amid a fall in oil prices. Pretax loss in the six months to June 30 amounts to USD639,000, swinging from profit of USD2,000. Revenue declines to USD3.4 million from USD3.7 million. Oil sales are made at an average realised price of USD60.5 per barrel, down from USD71 a year prior. "Declines in realised prices were caused by a reduction in the Brent benchmark price," Block Energy adds.
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Savannah Resources PLC - lithium development company with asset in Portugal - Pretax loss in the six months to June 30 narrows to GBP1.5 million from GBP1.9 million a year prior. Savannah Resources is yet to earn revenue from its Barroso lithium project, though it was a "busy" first half, it adds. "The progress we made during the period, and in the September quarter to date, continues to secure our prominent position in the formation of the European lithium industry and hence places us front and centre in the next development phase in the global lithium market," the company says. "Investment in the project increased during the period", Savannah Resources says, noting phase 2 drilling was completed between January and July. This led to a new, upgraded resource estimate announced earlier in September. The estimate showed a 40% increase in the project's overall resource to 39 million tonnes at 1.05% lithium oxide. Looking ahead, the firm says: "Savannah remains very well placed to play a prominent role in Europe's lithium supply chain. Supported by the national government, the European Commission, its strategic partner, shareholders and stakeholders who share its vision of making the Barroso region a leader in Europe's new lithium industry, Savannah expects to make meaningful progress in the remainder of 2025 and 2026."
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Directa Plus PLC - graphene product maker with operations in Lomazzo, Italy - Pretax loss in the first half of 2025 narrows to EUR1.7 million from EUR2.5 million, as revenue improves 15% to EUR3.9 million from EUR3.4 million. Its loss before interest, tax, depreciation and amortisation narrows to EUR1.1 million from EUR1.8 million, "confirming the trajectory towards breakeven". Directa Plus says an upgrade to its production system is "nearing completion". "The revamping of the group's production line, due to be fully commissioned in Q4 2025, will deliver a fully automated and scalable facility capable of processing multiple precursors. It will also enable the production of nanographite-based materials, significantly reducing direct production costs, while enhanced automation and the switch from argon to nitrogen gas for the plasma process are expected to further lower production costs, improve sustainability and complete the process certification that will allow us to programme licensing actions," Directa Plus says. The firm reports second half trading has "started well". It expects its full-year Ebitda to materially improve from the EUR3.6 million loss in 2024.
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By Eric Cunha, Alliance News news editor
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Related Shares:
Getech GrpTime FinanceAndrew SykesBaillie Gif. ChBlock Energy P.Directa PlusEveryman MediaSavannah ResourcesDianomiWeiss Korea Opp