29th Sep 2026 14:48
(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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Gowin New Energy Group - Cayman Islands-based business with investments in LED-related products, tea trading and agarwood trading - Swings to pretax profit of CNY568,000, or USD84,660, for the six months ended June 30, from a loss of CNY3.3 million a year earlier. This partly reflects a CNY506,000 fair-value gain, swung from a loss of CNY472,000 a year earlier, and a foreign exchange gain of CNY1.2 million from a loss of CNY1.5 million on-year. Notes the launch in mid-July of its real-world asset tokenisation project for tea assets. "The board's primary focus remains unchanged: to establish sustainable cash flows and a clear path to profitability for the group, while continuing to assess options to reduce debt and restructure the balance sheet," Gowin says. "We remain mindful of the headwinds presented by the turbulent global geopolitical and trade environment but are encouraged by the ongoing support of our stakeholders and the new business introductions that continue to come to us."
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Union Jack Oil PLC - UK- and US-focused onshore oil and gas company - Reports that its first-half pretax loss widens to GBP896,456 from GBP521,685 on-year. Revenue rises to GBP1.6 million from GBP1.3 million, though an uptick in the cost of sales weighs on the bottom line. The company notes its net loss before impairment charges narrowed to GBP416,051 from GBP489,674. A new board was appointed late last month, and new Chair Craig Howie comments: "Union Jack's priority must be an urgent right-sizing of its central cost base, particularly with regard to directors' remuneration. On this front, we have taken immediate action, which I am confident will be reflected in future reporting periods." Howie also reports progress with restructuring and technical advisers on making "more effective capital allocation decisions going forward". The company reiterates its recommendation that shareholders reject a takeover approach from Reabold Resources PLC.
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Investment Co PLC - Reports a net asset value of 73.88 pence per share at June 30, down 7.2% from 79.62p a year earlier. Since the year-end, though, NAV per share has risen 5.4% to 77.84p. Chair Ian Dighe says: "Of this increase, 3.2% has been achieved since the appointment of Dowgate as portfolio manager on 28 July 2026. The board is pleased with the progress to date and looks forward to working with Dowgate over the coming years."
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Kefi Gold and Copper PLC - gold and copper exploration and development company in Ethiopia and Saudi Arabia - Pretax loss for the six months ended June 30 widens to GBP4.6 million from GBP3.1 million on-year. Notes that the Tulu Kapi mine's development finance package has been fully assembled. It expects the project to generate average earnings before interest, tax, depreciation and amortisation of about USD355 million to USD697 million per year over the first three years of production, of which USD305 million to USD599 million will be net to Kefi. However, the company also acknowledges "a serious security incident" at Tulu Kapi on September 4, which led to the deaths of multiple people, including a member of staff. Kefi says: "Consultations with representatives of the local community and the Ethiopian and Oromia governments, and their respective agencies have reaffirmed support for the project and for the company's careful approach to resuming development. Principal contractors, lenders and local investors also remain supportive."
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Petro Matad Ltd - company focused on petroleum exploration, development and production in Mongolia - Books a pretax loss from continuing operations of USD590,000 for the first half of 2026, narrowed from USD1.7 million on-year. Cash balance stands at USD2.8 million as of June 30, up from USD2.4 million a year prior. Outstanding net receivable from oil production at the end of June totals USD2.2 million, based on average oil prices, but the company is yet to execute an oil sales agreement with PetroChina. "Petro Matad has raised the issue of the long delay to oil sales agreement approval with all stakeholders and is receiving full support and assistance from [Mineral Resources & Petroleum Authority of Mongolia], the Minister of Industry & Mineral Resources and the Office of the Deputy Prime Minister to seek a rapid and positive resolution," says Petro Matad. "Production operations continued without incident up until the September shut down whilst other operational activities remained on hold pending receipt of revenue. Discussions with potential farminees continue."
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By Holly Munks, Alliance News reporter
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Related Shares:
Union JackReabold ResourcesInvestment Co.GWIN.LPetro MatadKefi Gold & Copper