10th Sep 2025 12:45
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Frontier Developments PLC - Cambridge, England-based video game developer - Reports swing to pretax profit of GBP12.4 million for the year ended May 31, against the prior year's GBP28.4 million loss. Group revenue has increased to GBP90.6 million from GBP89.3 million. Revenue from construction & management simulation (CMS) games, which made up 77% of total revenue, rose 25% on-year. Adjusted earnings before interest, tax, depreciation and amortisation surged to GBP9.4 million from around GBP900,000. Adjusted operating profit multiplied to GBP13.2 million from GBP4.6 million and Frontier posted a GBP12.7 million statutory operating profit, swung from a GBP28.4 million loss caused by "impairment charges for underperforming games". Frontier credits "strong trading, a lower operating cost base and the sale of publishing rights" for its "significant uplift in financial performance". Its cash balance at May 31 was GBP42.5 million, up from GBP29.5 million one year prior. Looking ahead, Frontier expects "to deliver further annual growth in FY26 through nurturing and expanding our genre-leading game franchises".
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Social Housing REIT PLC - real estate investment trust investing in UK specialised supported housing - Says it swung to pretax loss of GBP2.9 million for the half year ended June 30, against the previous year's GBP5.3 million profit. Net rental income climbed 19% to GBP19.79 million from GBP16.64 million. Total income increased to GBP19.8 million from GBP19.1 million. Company has declared 2.81 pence per share in dividends for the period, up 2.9% from 2.73p and in line with the annual payout target, which Social Housing increased 3% to 5.62p in May. "The increase was possible due to successful lease assignment progress, reduced costs, index-linked rental growth and our highly attractive, long-term, low cost of debt," it says. Its portfolio is valued at GBP611.8 million with a 6.42% net initial yield, against GBP626.4 million and 6.22% the year before. Company says: "[Investment Manager] Atrato's focus remains on continuing to grow earnings, portfolio optimisation and maintaining cost discipline. SOHO's diverse residential property portfolio benefits from secure, inflation-linked income ultimately funded by the government, a growing dividend and tangible operational progress under the new investment manager."
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Prospex Energy PLC - Europe-focused gas and power project investor - Says that for the first half of 2025, its pretax loss has narrowed on-year to GBP239,508 from GBP275,120. Generated no revenue, unchanged from the year before. Finance income rose to GBP424,011 from GBP252,842 and Prospex incurred no finance costs, against GBP6,753 the previous year. Cash and equivalents total GBP147,134 at June 30, up from GBP10,991 one year prior but down from GBP1.2 million six months previously. Prospex during the period invested GBP950,000 in its VIura asset and acquired all remaining shares in Tarba Energia SL for GBP484,000. Highlighting Prospex's investments in Spain, Italy and Poland, Non-Executive Chair Bill Smith comments: "Progress is rarely a straight line...as detailed above, show a positive trend towards increased production revenue and asset growth, notwithstanding regulatory and operating challenges." Company says gas production from "the newly drilled Viura well" increased its portfolio's net production to around 86,000 standard cubic metres of gas per day, more than triple its production rate in January, 2024. Looking ahead, Prospex "has investment opportunities in each of its four current operating areas, some of which will come to fruition over the next 24 months".
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Clontarf Energy PLC - oil, gas and minerals explorer with projects in Bolivia and Ghana - Pretax loss for the first half of 2025 narrows to GBP245,000 from GBP403,000 the year before. Company is non-revenue generating, unchanged. Administrative expenses decreased on-year to GBP158,000 from GBP334,000, although impairment of exploration & evaluation assets increased to GBP87,000 from GBP69,000. Cash & equivalents total GBP579,000 at June 30, down from GBP601,000 one year prior. "Recent months have witnessed accelerated work on Clontarf's key projects on several fronts," says Chair David Horgan, noting that Europea and the US "are now keenly aware of the need to secure reliable, clean and competitive materials" and "Bolivia has committed itself to becoming a key supplier to all key markets." Clontarf says its confidence in the potential of new direct extraction techniques has been vindicated through recent testing and that work with technical partners has potentially opened up independent lithium and magnesium income streams. Clontarf hopes to deploy a pilot plant to a Bolivian site "ideally by mid-2026". In the longer term, it plans to deploy an additional plant every six months to five separate salares, and to produce 150,000 tonnes of lithium carbonate equivalent by 2030.
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450 PLC - London-based acquisition vehicle eyeing the content, media and technology sectors - Pretax loss for the year ended June 30 has widened to GBP711,241 from GBP505,747 the prior year. Basic & diluted loss per share widened to 0.11p from 0.08p. Administrative expenses increased to GBP837,384 from GBP705,576, and finance income decreased to GBP126,143 from GBP199,829. Cash balance is GBP3.1 million as of June 30, down from GBP3.7 million the same day in 2024. Going forward, it says the board "continues to assess opportunities with the potential to capitalise on content and consumer trends, including product and brand, where the directors have extensive experience". It continues to assess potential acquisition opportunities but says it recognises that, in terms of M&A deal flow at attractive valuations, the environment remains challenging, particularly in its target sectors.
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By Emma Curzon, Alliance News reporter
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Related Shares:
Frontier DevSocial HousingProspex EngClontarf450 Plc