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EARNINGS: GreenX Metals loss widens; Caledonian Holdings loss narrows

1st Oct 2026 13:11

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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Cizzle Biotechnology Holdings PLC - London-based life sciences company engaged in developing a blood test for the early detection of the different forms of lung cancer - Pretax loss narrows to GBP354,000 in the six months to June 30 from GBP381,000 a year earlier, while net loss narrows to GBP329,000 from GBP368,000. The firm says its CIZ1B blood test for lung cancer receives accreditation for clinical use in the US, marking the start of its commercialisation phase. Cizzle also receives new patents in the US and Canada and says guaranteed minimum royalty receipts under its licensing agreement with Cizzle Bio Inc increase to around USD5.9 million. It receives GBP350,000 through convertible loan notes during the period.

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Caledonian Holdings PLC - Bingley, England-based investment company focused on financial services - Pretax loss narrows to GBP1.2 million in the financial year to March 31 from GBP4.4 million the year before, as fair value losses on investments fall to GBP335,000 from GBP4.0 million. The company says it continues to develop its two key investments, AlbaCo Ltd and Aspire Commerce Group Ltd, acquiring 100% of Aspire in June. Caledonian says its auditor identifies a material uncertainty related to going concern due to its requirement for further funding, but does not modify its opinion. It says delivery of its strategy depends on securing the necessary funding and the performance of its underlying businesses.

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Beacon Energy PLC - Germany-focused upstream oil & gas company – Says pretax loss widens to USD1.2 million in the six months to June 30 from USD444,000 a year earlier, as administrative expenses more than double to USD1.1 million from USD497,000. The energy company completes its strategic investment in LNEnergy Ltd in March alongside a GBP3.8 million fundraise and readmission to AIM. Beacon says LNEnergy's production concession application in Italy is well advanced, although the timing of an award remains unclear. It remains focused on securing the concession and reaching a final investment decision by the end of 2026.

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Hydrogen Utopia International PLC - London-based developer of technology to convert non-recyclable waste plastics into hydrogen and other clean energy - Pretax loss widens to GBP440,722 in the six months to June 30 from GBP201,361 a year earlier, as administrative expenses rise to GBP431,123 from GBP185,892. The company says it redirects its technology towards sustainable aviation fuel, with a particular focus on the UK, after the European hydrogen market fails to develop as it originally anticipated. Hydrogen Utopia says its outlook remains "very positive" and it has a "high degree of confidence" in the execution of its strategy.

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Active Energy Group PLC - London-based Renewable energy solutions company - Says loss widens to GBP860,000 in the six months to June 30 from GBP430,000 a year earlier, while it reports maiden revenue of GBP160,000 compared with none. The company says cash falls to GBP170,000 from GBP770,000 at the end of 2025, while it raises around GBP1.1 million in net proceeds in May. Active Energy says its Ghummud facility begins commercial hosting operations in April, marking its transition to a revenue-generating business. It remains in discussions over a potential debt facility to support near-term liquidity, with no binding agreement yet reached.

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GreenX Metals Ltd - developing Arctic Rift copper project in Greenland - Pretax loss more than doubles to AUD12.3 million in the financial year to June 30 from AUD6.0 million the year before. The firm records an AUD4.4 million impairment of exploration and evaluation assets, while exploration expenses more than triple to AUD2.2 million and arbitration-related expenses rise 6.9% to AUD3.3 million. Other income jumps to AUD1.6 million from AUD279,076, while interest income rises 26% to AUD308,459.

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Global Connectivity PLC - Isle of Man-based investment firm in the communications and connectivity sectors - Pretax loss narrows to GBP152,000 in the six months to June 30 from GBP7.7 million a year earlier, when it recorded a GBP7.6 million loss on financial assets. The company values its indirect investment in rural broadband provider Voneus at GBP3.5 million at the period end. Following the period, Voneus acquires the operating assets of Airband, increasing its coverage to 170,000 ready-for-service gigabit premises and its customer base to 60,000. Global Connectivity also raises GBP293,239 in August to provide working capital.

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Golden Rock Global PLC - Hong Kong-based special purpose acquisition company - Operating loss widens to GBP656,355 in the six months to June 30 from GBP288,713 a year earlier, reflecting increased spending on professional advisers and costs related to its proposed reverse takeover. The company says cash rises to GBP728,659 from GBP272,892, and it secures increased convertible loan note funding of GBP1.0 million, taking its total facility to GBP1.5 million. Golden Rock says its shares remain suspended as it works to complete the proposed reverse takeover of StarEdge Digital Infrastructure Inc, which has faced delays due to StarEdge's reorganisation. It also appoints SPARK Advisory Partners Ltd as sponsor and financial adviser for the proposed transaction.

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Critical Mineral Resources PLC - London-based resource developer targeting Moroccan metals - Swings to a pretax profit of GBP65,478 in the six months to June 30 from a GBP445,525 loss a year earlier, helped by GBP625,901 in finance gains. The company says cash rises to GBP1.2 million from GBP90,000 at the end of 2025 after raising around GBP3.1 million through equity placings and warrant exercises. Net assets improve to GBP3.4 million from net liabilities of GBP1.0 million. Critical Mineral Resources says it remains on track to publish a maiden mineral resource estimate for its Agadir Melloul copper-silver project in the fourth quarter of 2026.

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Catenai PLC - London-based digital media and technology company - Loss narrows to GBP78,494 in the six months to June 30 from GBP221,308 a year earlier, as revenue jumps to GBP146,709 from GBP7,600. The firm says cash rises to GBP467,979 from GBP94,092, while net assets increase to GBP2.4 million from GBP1.0 million. Catenai invests a further GBP250,000 in Alludium during the period and says Klarian continues to progress commercial programmes, including plans for a potential pipeline pilot with ROSEN in the fourth quarter. It says existing resources are expected to be sufficient for at least 12 months.

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By Eva Castanedo, Alliance News senior economics reporter

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


Related Shares:

Cizzle BiotechCaledonian HoldBeacon Energy.Hydrogen UtopiaActive EnergyGreenx Metals LimitedGolden RockCritical Mineral Resources PLCCatenai Plc
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