29th Sep 2026 15:30
(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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GENinCode PLC - Oxford-based genetic testing company - Pretax loss narrows to GBP2.5 million in the six months ended June 30 from GBP3.0 million the year prior, although revenue drops to GBP1.1 million from GBP1.6 million. UK sales decrease to GBP64,000 from GBP383,000 on-year, due almost entirely to the reduced NHS testing of LIPID inCode. Discussions continue with the NHS around future reinstatement. US sales volumes were ahead of last year, but the time taken to receive payment from insurers "continues to be a concern" due to Insurance medical necessity reviews, denials and appeals. Hence, the firm only recognises 15% of gross insurance invoices, versus 42% last year. "We continue to take a cautious approach to revenue recognition whilst we establish payment arrangements with Insurers," the firm says. Administrative expenses fall to GBP2.8 million from GBP3.4 million. Eyes around GBP200,000 of "real" cost savings within salaries, rent, and professional fees, which are expected to continue throughout the rest of the year. As a result of lower-than-expected NHS sales and slower uptake through Thermo Fisher in the US and EU, the company now expects revenue for the full year to be approximately GBP3.2 million, but with reduced impact on adjusted Ebitda following strong cost reductions over the year. The company expects cash runway to the first quarter of 2027. Chief Executive Matthew Walls says: "While revenues have not been as strong as hoped, adjusted Ebitda losses have reduced over the period and are expected to improve further in the second half as revenues improve."
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Tern PLC - London-based 'internet-of-things' focused investor - Pretax loss narrows to GBP382,000 in the six months ended June 30 from GBP959,000 the year prior. Fee income is GBP34,000 versus GBP19,000. Bottom line benefits from GBP72,000 gain from movement in fair value of investments versus GBP434,000 loss a year ago. Losses per share total 0.05 pence against 0.18p. "The first half of 2026 has been characterised by disciplined financial management and selective investment as the board remained focused on seeking to preserve and enhance long-term shareholder value in a challenging market environment," Tern says. Notes the constrained backdrop of funding markets for early-stage technology businesses. Net asset value per share drops to 0.9p from 1.8p a year ago, and from 1.0p at the end of 2025.
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Billington Holdings PLC - Barnsley, England-based construction company - Pretax profit jumps 70% to GBP2.8 million in the six months ended June 30 from GBP1.7 million the year prior as revenue climbs 29% to GBP54.0 million from GBP41.8 million. Basic earnings per share improve 66% to 16.3 pence from 9.8p. Says higher sales principally reflect a return to higher average steel content across structural steelwork projects in the period. Highlights a record order book, which provides "excellent" visibility into 2027 and, for certain projects, into 2028, underpinned by significant contracts across a range of sectors, notably energy, data centres and infrastructure. "Whilst the wider structural steelwork and construction markets remain challenging, with continued pricing pressure, Billington is well positioned in those sectors experiencing strong demand and has a significant pipeline of further opportunities," it says. In addition, Chief Executive Mark Smith says he intends to step down on January 1, 2027. He will then remain with the business in an advisory capacity for at least one year. Chief Operating Officer Trevor Taylor will succeed him, ensuring an "orderly transition and continuity of leadership".
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Ebiquity PLC - London-based firm providing clients with insight on the advertising industry - Swings to pretax profit of GBP412,000 in the six months ended June 30 from GBP9.0 million loss the year prior, although revenue drops to GBP36.1 million from GBP37.9 million. The prior year was hurt by a GBP8.4 million impairment charge versus nil this time. "We have restructured the business, are on track against plan, and are now laser-focused on translating our strategic and operational changes into profit growth," says CEO Ruben Schreurs. Says adjusted operating profit in July and August is up year-on-year. "Our visible revenue is growing and our win rate and new business conversion rate are improving. While the full benefits for the transformation programme will take time to be realised, the progress made in the first half and into the second mean that we are currently on track to meet or exceed market expectations of our profit for the full year," the firm adds.
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S&U PLC - Solihull, England-based lender focused on motor finance and property bridging - Pretax profit rises to GBP15.7 million in the six months ended August 5 from GBP15.6 million the year prior as revenue climbs to GBP57.3 million from GBP51.8 million. Basic earnings per share increase to 96.8 pence from 95.5p. Declares an interim dividend of 36p per share, up on-year from 35p. S&U says the first half has produced results which "give cause for optimism" at Advantage Finance, its motor finance business, and also at Aspen Bridging, particularly since that business benefited from a large unexpected recovery in the first half of 2025. Chair Anthony Coombs says: "However unpromising the economic and political environment in which we are apparently pre-destined to operate, S&U intends to rise above it. Current trends indicate our ability to do just that - to the benefit of our customers and shareholders."
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Made Tech Group PLC - London-based provider of digital, data and technology services to the UK public sector - Pretax profit more than doubles to GBP4.7 million in the financial year ended May 31 from GBP2.0 million the year prior as revenue climbs 27% to GBP58.9 million from GBP46.4 million. Adjusted basic earnings per share grow 73% to 2.38 pence from 1.38p. Gross margin declines to 30.4% from 32.0%, but adjusted Ebitda margin ticks up to 10.0% from 7.5%. Higher sales reflect continued market-share gains across core public-sector markets. Trading in FY27 is showing strong performance and growth to date, and a record GBP40 million contract win and growing contracted backlog drive strong revenue visibility. Made Tech expects H127 to be its strongest half-year bookings performance.
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By Jeremy Cutler, Alliance News reporter
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GenincodeTernBillingtonEbiquityMade TechS & U