29th Sep 2025 12:53
(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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itim Group PLC - retail software solutions provider - Reports revenue of GBP8.0 million for six months to June 30, down from GBP8.8 million a year before. Pretax loss widens to GBP707,000 from GBP73,000. Basic loss per share 1.60 pence compared with 0.27p. Net cash is GBP1.8 million at June 30, down from GBP3.0 million a year earlier. Adjusted earnings before interest, tax, depreciation, and amortisation falls to GBP400,000 from GBP1.2 million. Says pipeline of opportunities remains strong but notes delays to project commitments amid fragile consumer confidence and rising costs in retail. Outlook for crucial Christmas trading period described as "uncertain".
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Ceiba Investments Ltd - investment firm dedicated to investing in Cuba, with interests in the commercial and tourism real estate sectors - Reports swing to pretax loss of USD4.3 million in the six months to June 30 from profit of USD8.3 million a year earlier, as it records no gains in fair value of financial assets compared with USD6.6 million in the prior year. Net asset value per share falls to 91 US cents at June 30 from 94 cents at December 31. Net assets fall 3.3% to USD125.7 million from USD130.0 million. Chair John Herring warns that Cuba faces "ongoing US sanctions, significantly impaired electrical and other essential infrastructure, a lack of provision of basic goods and services to the population, and inflationary and other economic challenges". Says Cuba's outlook for 2025 and 2026 is negative, with "retreating GDP, double-digit inflation" and "extremely tense" US relations.
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Union Jack Oil PLC - UK and US focused onshore hydrocarbon, production, development, exploration firm - Swings to pretax loss of GBP521,685 in six months to June 30 from profit of GBP683,644 a year earlier, as revenue falls to GBP1.3 million from GBP2.3 million. Net assets down to GBP21.4 million from GBP22.3 million. Executive Chair David Bramhill says results are "operationally positive with the Company remaining in a strong position, free of debt, retaining a robust balance sheet and holding a balanced portfolio of production assets on both sides of the Atlantic." Notes lower revenue reflects "a sharp decline in the oil price and a continuing downward trend in the value of the US dollar against Sterling." Reports average production of 149 barrels of oil equivalent per day in the half, down from 198 a year earlier, but says production has since increased to about 164 boepd.
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Acceler8 Ventures PLC - acquisition vehicle - Pretax loss narrows to GBP71,000 in six months to June 30 from GBP83,000 a year earlier, reflecting lower administrative expenses of GBP70,997 from GBP83,033. Basic and diluted loss per share GBP0.09, narrowing from GBP0.11. Says it "continued to pursue its investment and acquisition strategy" and is "currently assessing opportunities within its chosen sectors of interest." Post period-end, raises GBP400,000 via convertible loan notes to support its inaugural transaction. Cash balance GBP300,000 as of September 18, up from GBP1,399 at June 30.
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Bay Capital PLC - Jersey-based investor in industrial, construction and business services sectors - Pretax loss narrows to GBP129,475 in six months to June 30 from GBP283,896 a year before, as administrative costs fall to GBP139,367 from GBP304,310. Basic and diluted loss per share 0.2 pence, improved from 0.4p. Cash balance GBP4.5 million at June 30, compared with GBP4.7 million at year-end. Says it "continued to pursue its investment and acquisition strategy" and is "currently assessing potential transactions across a number of sectors."
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Red Capital PLC - Jersey-based acquisition company - Pretax loss narrows to GBP99,548 in six months to June 30 from GBP110,517 a year prior, as administrative expenses ease to GBP99,802 from GBP111,803. Basic and diluted loss per share steady at 0.01 pence. Cash balance GBP40,765 at June 30, down from GBP160,427 at December 31. Says it "continued to pursue its investment and acquisition strategy" and is assessing opportunities within chosen sectors.
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East Star Resources PLC - Kazakhstan-focused copper explorer and resource developer - Swings to pretax loss of GBP756,000 in six months to June 30 from GBP9,000 profit a year prior, reflecting higher admin costs and foreign exchange losses, against other income in the comparative period. Basic and diluted loss per share 0.19 pence, versus 0.004 pence earnings. Cash and cash equivalents GBP737,000 at June 30, up from GBP411,000 a year earlier. Says first half "characterised by technical progress across exploration strategies" and focus for second half is on delivering results from drill programmes at Rulikha, Talovskoye and Verkhuba.
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Lexington Gold Ltd - gold explorer, with assets in the US and South Africa - Reports pretax loss of USD357,000 for six months to June 30, widened from USD276,000 a year before, as operating costs rise to USD465,000 from USD416,000. Basic and diluted loss per share 0.03 US cents, compared with 0.02 cents. Cash at period-end USD700,000, down from USD900,000 at December 31. Says period marked by operational progress, including maiden JORC exploration target at Bothaville, commencement of drilling at Jennings-Pioneer, and Section 11 approval for White Rivers Exploration acquisition. Notes gold price hit record highs in September, enhancing asset potential.
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By Eva Castanedo, Alliance News reporter
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