26th May 2026 11:26
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Galantas Gold Corp - mining and exploration company, focused on producing gold and copper from its assets in Northern Ireland and Chile - Reports net loss for the three months to March 31 widens to CAD2.4 million, around USD1.7 million, from CAD1.2 million a year prior, while cash at March 31 rises to CAD10.8 million from CAD729,387 a year prior. Revenue remains nil, while general administrative expenses widen to USD1.6 million from USD1.1 million. The company says working capital swings to a surplus of CAD5.0 million from a deficit of CAD17.3 million a year earlier. Galantas notes it launched a brokered private placement earlier in May aiming to raise up to CAD85 million to support its Chilean projects.
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Calnex Solutions PLC - Linlithgow, Scotland provider of test and measurement solutions for the global telecommunications sector - Pretax profit rises 73% to GBP1.2 million in the year ended March 31 from GBP720,000 a year earlier, as revenue climbs 19% to GBP21.9 million from GBP18.4 million. The firm says growth reflects strong execution and momentum across digital infrastructure, government and defence markets. Calnex proposes a final dividend of 0.68p per share, taking the total dividend to 0.99p from 0.95p. Says cash at March 31 falls to GBP9.3 million from GBP10.9 million, but rises to GBP11.2 million by May 22 after further payments are received. Calnex says it is strongly positioned heading into financial 2027, supported by its product roadmap, balance sheet and diversified market footprint.
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MTI Wireless Edge Ltd - Rosh-Ha'Ayin, Israel-based communication and radio frequency solution provider - Revenue for the three months to March rises 6% to USD12.8 million from USD12.0 million a year earlier, while operating profit increases 21% to USD1.5 million from USD1.2 million. Net profit attributable to shareholders climbs 18% to USD1.2 million from USD1.0 million. The communications technology firm says net cash at March 31 falls to USD8.5 million from USD9.4 million at December 31. MTI notes a "record level" of defence-related orders worth more than USD9 million received in April, with most expected to be fulfilled in 2026.
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Nostrum Oil & Gas PLC - oil and gas exploration and production company which operates in Kazakhstan - Revenue for the first-quarter ended March 31 rises 9.3% to USD32.8 million from USD30.0 million a year earlier, supported by higher exports, increased third-party feedstock volumes and stronger Brent prices. Earnings before interest, tax, depreciation, and amortisation edges down to USD11.3 million from USD11.4 million, while operating cash flow improves to USD10.2 million from USD100,000. The firm says unrestricted cash at March 31 increases to USD151.3 million from USD143.3 million at December 31, though net debt rises to USD576.2 million from USD541.5 million.
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Southern Energy Corp - natural gas and light oil assets company with operations in Mississippi - Petroleum and natural gas sales for the three months ended March 31 rise to USD5.5 million from USD5.1 million a year earlier, while net loss narrows to USD1.3 million from USD3.9 million. Adjusted funds flow from operations more than doubles to USD1.4 million from USD629,000. Average production falls 21% year-on-year to 10,167 Mcfe/d, primarily due to the voluntary shut-in of output linked to an ongoing transportation dispute. Southern says it exited the quarter with no senior bank debt following a USD22.0 million financing completed in February. Separately, the company signs a joint venture agreement with a strategic partner to evaluate the Cotton Valley oil prospect in Williamsburg, with the first well expected to spud in late July.
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Earnz PLC - Cheltenham, England-based energy services company focused on global decarbonisation - 2025 revenue jumps to GBP11.8 million from GBP2.6 million a year earlier, while pretax loss narrows to GBP1.7 million from GBP3.6 million. The firm says adjusted Ebitda turns positive at GBP100,000 from a GBP1.0 million loss, helped by contributions from acquisitions including Cosgrove & Drew, South West Heating Services and A&D Carbon Solutions. Earnz says it continues to develop a list of potential acquisition targets across the decarbonisation sector and remains confident in the outlook for 2026, citing a strong pipeline of opportunities and further contract wins in the first quarter.
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Union Jack Oil PLC - onshore exploration, development and production in the UK and US - Swings to a pretax loss of GBP6.9 million in 2025 from a GBP406,218 profit in 2024. Revenue falls 37% to GBP2.5 million from GBP3.9 million. The firm says it is confident the "successful transition of focus" to the US will drive further growth. Executive Chair David Bramhill says: "I am confident that an increase in drilling, appraisal and development activity currently being evaluated in the pursuit of growth from our balanced UK and US portfolios has the potential for notable value creation for shareholders."
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By Eva Castanedo, Alliance News reporter
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Related Shares:
Galantas GoldCalnex Solutio.Mti WirelessNostrum Oil&gasSouthern EnergyUnion JackEarnz Plc