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EARNINGS: Galileo swings to profit; Cadence narrows interim loss

29th Sep 2025 13:36

(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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Cadence Design Systems Inc - San Jose, California-based electronics and system design company - Pretax loss for six months to June 30 narrows to GBP841,000 from GBP2.5 million a year earlier. Basic loss per share narrows to 0.29 pence from 1.39p. Total assets fall to GBP17.7 million at June 30 from GBP18.5 million at December 31. Says Amapa iron ore project is nearing licence approvals, with staged restart of the Azteca Plant expected to deliver early cash flow. Notes heads of terms for a USD4.6 million prepayment offtake facility with a global trading partner. Updated pre-feasibility study values Amapa at USD1.97 billion with a 42% IRR.

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Galileo Resources PLC - copper, gold and lithium mine development in Zambia, Zimbabwe and Botswana - Swings to pretax profit of GBP1.7 million for financial year ended March 31 from loss of GBP966,115 a year earlier. Profit attributable to shareholders GBP1.5 million, versus GBP1.1 million loss. Earnings per share 0.13 pence compared with loss per share of 0.09p. Other income rises to GBP227,000 from GBP131,000. Cash balance at March 31 grows to GBP1.7 million from GBP42,860. Says progress made at Luansobe and Shinganda copper projects in Zambia, as well as at assets in Zimbabwe, Botswana and the US.

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Seascape Energy Asia PLC - Southeast Asia-focused exploration & production company - Swings to pretax profit of GBP5.7 million for half year ended June 30 from GBP12.5 million loss a year earlier, driven by GBP8.2 million profit from discontinued operations compared with prior-year loss. Pretax loss from continuing operations narrows to GBP2.5 million from GBP2.8 million. Cash reserves rise to GBP8.6 million from GBP1.3 million, including GBP2.0 million of restricted cash. Adjusted administrative costs fall to GBP1.9 million from GBP2.5 million. Says strategy focused on building portfolio of Malaysian gas assets is gaining momentum, with near-term catalysts including formal commitment to drill Kertang well in Block 2A and advancing Temaris cluster development.

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DP Aircraft I Ltd - Guernsey-based company focused on acquiring and selling aircraft - Reports profit after tax of USD2.0 million for six months to June 30, down from USD2.6 million a year prior. Earnings per share fall to USD0.00784 from USD0.0111. Lease rental income broadly flat at USD4.3 million versus USD4.4 million. Finance costs narrow to USD1.8 million from USD2.0 million. Net asset value per share rises to USD0.19428 from USD0.18644 at December 31. Says dividend suspension, in place since April 2020, remains due to lending arrangements.

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Gowin New Energy Group Ltd - Cayman Islands-based business involved in LED - Revenue in the six months to June 30 falls to CNY51,000 from CNY75,000 a year earlier. Pretax loss widens to CNY3.3 million from CNY2.3 million. Loss per share increases to CNY0.011 from CNY0.008. Says it remains mindful of headwinds from the geopolitical and trade environment.

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By Eva Castanedo, Alliance News reporter

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


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