30th Jun 2025 14:21
(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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MS International PLC - defence equipment manufacturer - Hails "another record financial performance" and believes an "international focus on defence" is a positive for the company. Pretax profit in year to April 30 rises 28% to GBP20.1 million from GBP15.7 million. Revenue improves 7.2% to GBP117.5 million from GBP109.6 million. "The group order book at the April year end was marginally lower than the record figure reported last year. This is purely owing to delays in the placing of substantial defence equipment orders as both military requirements and governments have changed," MS adds.
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Dekel Agri-Vision PLC - agricultural company - Pretax loss in 2024 narrows to EUR3.6 million from EUR4.4 million, but revenue is down 24% to EUR28.2 million from EUR37.2 million. "Looking ahead, the palm oil operation is expected to remain a reliable contributor to the group's financial performance. However, the key catalyst for enhanced overall results lies in the ongoing turnaround of the cashew operation. Following the successful integration of new cashew processing equipment in late 2024, we are already seeing a meaningful uplift in production volumes and operational efficiencies in 2025," Dekel adds. "Further momentum is expected with the imminent arrival of additional lines of the same equipment, representing a modest capital outlay. This expansion is set to deliver a step-change in production capacity, positioning the cashew operation to achieve its first full-year positive Ebitda performance in 2025."
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Georgina Energy PLC - onshore helium, hydrogen and hydrocarbon prospects company - Pretax loss in nine months to January 31 widens to GBP5.4 million from GBP1.1 million in the year ended April 30, 2024. No revenue reported for either period. The firm was formerly known as Mining Minerals & Metals, but then undertook the reverse takeover of Georgina Energy. This was sealed in July 2024. Looking ahead, it says: "We remain confident in the long-term demand for natural gas, particularly as a key enabler of energy transition in both domestic and regional markets. Our asset portfolio is strategically located in a region with supportive infrastructure and growing demand, offering a strong potential pathway to commercialization."
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Keras Resources PLC - owns the Diamond Creek organic phosphate mine in Utah, US - Revenue in 2024 amounts to GBP1.1 million, rising from GBP916,000 in 2023, though pretax loss stretches to GBP753,000 from GBP440,000. "2024 marked the start of the company's transition into a wholly owned, fully focussed North American business targeting the robust organic fertiliser market. The final payment for the acquisition of Diamond Creek is a significant milestone for the company - this is the cornerstone asset of the company which is considered to be the highest-grade rock phosphate project in North America," Executive Chair Russell Lamming says. "The acquisition of the Delta property and construction of the Granulator plant underpins the future value of that strategic asset and I believe the company is now extremely well placed to take advantage of its position as the only 100% independent organic rock phosphate producer in North America."
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EnergyPathways PLC - West Sussex, England-based energy infrastructure project company - Pretax loss in 2024 narrows to GBP1.2 million from GBP1.9 million in 2023. No revenue reported in either year. "This has been a transformative year for the company. Having started the year with ambitions to develop the Marram gas field as a small-scale low carbon footprint gas development, the company has now matured a project of national significance and of major scale that can make a material contribution to the UK government's ambitious energy transition targets," CEO Ben Clube says.
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Active Energy Group PLC - London-based biomass-focused renewable energy developer - Reports no revenue in 2024, unchanged from 2023. Pretax loss narrows markedly to GBP1.9 million from GBP23.5 million. Reports impairment charge of GBP378,834, falling from GBP20.4 million. "The company remains committed to exploring opportunities that generate value for its shareholders. This includes both the monetisation of existing assets and the evaluation of new investment opportunities that align with our strategic objectives. As part of this process, the company will continue to exercise strict financial discipline, ensuring that costs are maintained at a minimal level to preserve resources and maximise potential returns," Active Energy adds.
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Ethernity Networks Ltd - supplier of data processing semiconductor technology for networking appliances - Pretax loss in 2024 narrows to USD5.8 million from USD6.4 million in 2023. However, revenue shrinks 63% to USD1.4 million from USD3.8 million. "The company faced this period with considerable uncertainty but succeeded in generating interest in its Universal Edge Platform offering, which integrates Ethernity's patented data processing technology, software applications, and a fully production-ready appliance. This traction ultimately led to the ASIC opportunity that the company is now focused on executing," Chief Executive David Levi says. "I believe this dual-market strategy, grounded in proprietary technology and strong customer interest, will significantly elevate our market profile and position Ethernity Networks as a leading semiconductor innovator in the access and edge networking domains. We look ahead with optimism and determination as we work to bring this vision to market."
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Phoenix Digital Assets PLC - invests in portfolio of cryptocurrency, and in companies or funds which have exposure to NFT or blockchain technology - Pretax profit in 2024 rises to GBP27.1 million from GBP20.1 million in 2023. Phoenix Digital gets a GBP29.3 million boost from fair value movements in digital assets and tokens, up from GBP22.9 million in 2023. "The crypto market outlook for 2025 remains strong as we are entering the fourth year of the crypto cycle and the board is very bullish about the next twelve months," it adds.
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Catenai PLC - London-based digital media and technology company - Pretax loss in 2024 narrows to GBP128,174 from GBP261,318, while revenue multiplies to GBP131,500 from GBP28,670. "The company's balance sheet is the strongest it has been for many years following its recent fundraise. The company has an investment in Alludium which the directors believe has huge potential," CEO John Farthing says. In addition, it enters an extension agreement to a convertible loan agreement with Klarian. "Under the terms of the extension agreement, Klarian will repay Catenai the GBP567,500 due under the CLN and related fees by 31 December 2025. If repayment occurs after 31 September 2025, Catenai will be due an additional fee of GBP56,750. If repayment occurs prior to 31 September 2025, then Catenai will receive a proportion of the extension fee.
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Oxford BioDynamics PLC - Oxford, England-based clinical diagnostics company - Pretax loss in six months to March 31 widens to GBP5.9 million from GBP4.9 million. Revenue rises to GBP587,000 from GBP327,000. "The bedrock for the commercial success of this business and the source of vital non-dilutive funding will be through 'doing deals' and I am confident it is not a case of 'if' but 'when'. However, I can confirm that although we are in several commercial discussions with third parties, carrying out in-house evaluations and remain optimistic that product, technology and data access deals can be signed, nothing substantive has yet come to fruition and there is no guarantee they will within our current cash runway. Accordingly, we will now take steps, in liaison with our shareholders and advisers to 'right-size' and preserve the integrity of the business," Executive Chair Iain Ross says.
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Verici Dx PLC - Cardiff, Wales-based developer of advanced clinical diagnostics for organ transplants - Achieves "record" revenue of USD3.3 million in 2024, rising from USD1.0 million in 2023. Pretax loss narrows to USD5.9 million from USD8.7 million. "FY2024 was a successful year for Verici Dx in which we delivered on all the milestones required to propel Tutivia into the next phase of its commercialisation. We have laid a strong foundation for the business and are now in a position where Verici Dx is poised to deliver long-term sustainable volume growth and greater value to shareholders. We are very grateful to our existing shareholders for their continued support and welcome our new shareholders as we continue to improve patient access to Tutivia and address the significant unmet market in transplant care," CEO Sara Barrington says.
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MyHealthChecked PLC - consumer home-testing healthcare company - Pretax loss in 2024 widens to GBP1.8 million from GBP195,000, as revenue tumbles to GBP3.6 million from GBP11.0 million. "Although sales of wellness tests in the current year to date have increased by approximately 62% over the comparable period in the prior year, demand for Covid [lateral flow tests] by end users has continued to reduce. Despite tight cost controls the loss for H1 of the current year is therefore expected to be broadly comparable to the prior year. However, we will continue to drive towards long-term growth in consumer wellness testing," CEO Penny McCormick says.
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Roadside Real Estate PLC - Abingdon, England-based investor in roadside property - Pretax loss in six months to March 31 amounts to GBP603,000, swinging from profit of GBP3.4 million. Revenue amounts to GBP291,000, up from GBP132,000. "We have identified a significant opportunity in both the active management of operational real estate in the roadside sector, alongside building and scaling a high-quality, substantial portfolio of modern, ESG compliant roadside real estate investments," CEO Charles Dickson says.
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Team PLC - wealth and asset management and related financial services - Total client assets at March 31 half-year end rise to GBP1.11 billion from GBP1.09 billion at end of September. Assets under management at Investment Management are up to GBP345 million from GBP325 million. In Advisory & Consultancy they remain at GBP280 million and in International segment, they climb to GBP487 million from GBP480 million. Pretax loss in six months to March 31 widens on-year to GBP1.8 million from GBP1.0 million a year prior. Revenue rises 41% to GBP5.8 million from GBP4.1 million, however. CEO Mark Clubb says: "We are a professional home for serious advisers who want to build, grow, and eventually exit on their own terms. There are many such advisers out there, and that is where our growth will come from. I remain confident in Team PLC's trajectory and our mid-term targets: annual revenue of GBP20 million, an Ebitda margin exceeding 30%, and assets under advice/management of GBP4 billion."
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By Eric Cunha, Alliance News news editor
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