19th Nov 2025 13:40
(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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Mulberry Group PLC - Somerset, England-based luxury handbag maker - Pretax loss narrows to GBP6.9 million in the 27 weeks that ended September 27 from GBP15.7 million a year prior, although revenue dips 3.9% to GBP53.9 million from GBP56.1 million. Like-for-like Retail & Digital revenue declines 2% but in Retail Stores, both full price and off price LFL revenue increases 4% in the key markets of UK, Europe and the US, with positive momentum building since the second quarter. Chief Executive Andrea Baldo says: "This has been an encouraging first half as we continue to deliver our 'back to the Mulberry spirit' strategy. We're still early in the turnaround, but the foundations we've put in place are working, and we're starting to see that reflected in performance." Gross margin increases to 69% from 67% from maintaining a full price, non-discounted offering in Retail and Digital. Operating expenses decrease 16% to GBP42.7 million from GBP50.7 million as action "was taken to manage the cost base and drive efficiencies, offset by continued investment in marketing and brand." Looking ahead, Mulberry says that "positive trading momentum continues, despite ongoing external headwinds and inflationary pressures for the sector."
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Zoo Digital Group PLC - Sheffield, England-based digital media service provider - Pretax loss narrows to USD1.4 million in the six months to September 30 from USD2.7 million a year prior, despite revenue falling 19% to USD22.4 million from USD27.6 million. "Zoo has seen increasing momentum during H1 FY26, with Q2 outperforming Q1 on all financial metrics, and a growing number of new opportunities and projects being progressed as customers become more settled in their content strategies and restructured operations. While the transactional nature of our business offers limited visibility of revenues for the duration of H2, we are trading in line with our expectations," it says. Zoo puts consensus at USD42.3 million for revenue in all of financial 2026, which would represent a decline from USD49.6 million in financial 2025. Looking further ahead, Zoo aims to "increase our market share and a return to revenue growth in FY27."
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Bradda Head Lithium Ltd - North American-focused lithium explorer and owner of the Basin project in Arizona - Swings to pretax loss of USD727,268 in the six months to August from USD2.2 million profit a year prior. Prior year benefits from USD3.0 million gain on disposal and USD230,000 of 'other income' compared to no such income this time around. General and administrative expenses drop to USD761,153 from USD1.2 million. Diluted losses per share are 0.19 US cents compared to EPS of 0.27c a year ago. Says the six-month period has been "challenging but we remain positive." Bradda sees gradual and steady improvements in lithium markets and continues to focus efforts on key projects and to ensure the company is ready to advance quickly when the market changes. "The company is also seeking new opportunities, constantly assessing if they merit acquisition and meet company thresholds of potentially becoming economically feasible," it says.
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Creightons PLC - Peterborough, England-based beauty and wellbeing consumer goods manufacturer - Pretax profit falls 11% to GBP1.5 million in the six months that ended September from GBP1.7 million a year prior, while revenue edges up 0.5% to GBP27.2 million from GBP27.1 million. Sales are driven by strong Private Label growth of 15% from new retailers and category expansion, offset by 51% decline in Contract Manufacturing due to a major customer delaying product launch to 2027. Gross profit margin improves to 44.7% from 44.0% due to favourable sales mix, reduced lower-margin stock keeping units, increased higher-margin digital sales, successful new launches and operational efficiencies from targeted manufacturing investments. Diluted earnings per share drop 7.5% to 1.49 pence from 1.61p. Creightons expects revenue momentum to increase, supported by private label growth, brand diversification, and international expansion initiatives.
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Crimson Tide PLC - Kent, England-based software developer - Swings to pretax profit of GBP322,000 in the six months that ended October 31 from a GBP598,000 loss a year prior, although revenue is flat at GBP3.0 million. Annual recurring revenue picks up to GBP2.8 million from GBP2.7 million and the churn rate falls to 8.8% from just over 12%. "We are actively engaging with our customers to reduce churn and are experiencing early signs of progress in this regard," Crimson Tide says. Gross margin remains "broadly constant" at 87.6% compared to 87.1% while overheads fall 29%, reflecting management's efforts to "right size the business." Looking ahead, the company says monthly recurring revenue as at April 30 2026 is currently projected at GBP461,000, up 11% since the end of October, 2025. "Our new-prospect pipeline is expanding, with a strong flow of promising opportunities," Crimson Tide says.
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Northern Bear PLC - Newcastle Upon Tyne, England-based specialist building and support services company - Reports pretax profit of GBP4.0 million in the six months that ended September 30, rising from GBP1.7 million a year prior. Revenue climbs 31% to GBP49.4 million from GBP37.6 million, and gross margin improves to 24.7% from 23.8%, driving the profit growth. Basic earnings per share multiplies to 21.9 pence from 8.4p a year ago. Results include a non-recurring operating profit of GBP1.3 million. Northern Bear says revenue and profit were ahead of management expectations with a strong underlying trading performance across all divisions. But it adds: "Market conditions are largely flat within our major regions and we are finding market pressures starting to affect some of our businesses, specifically at Arcas Building Solutions Limited and Jennings Roofing Ltd. We do not envisage any market uplift in the coming 12 months." More positively, notes the forward order book "remains stable and should support our trading performance in the coming months."
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Manolete Partners PLC - London-based insolvency litigation financing firm - Pretax loss widens to GBP658,000 in the six months to September 30 from GBP185,000 the year prior, as revenue falls 12% to GBP12.7 million from GBP14.4 million a year ago. No interim dividend is proposed, unchanged. Manolete reports 505 new case referrals in the half-year, up 16% on-year, and 146 new case investments, also 16% higher. In addition, discloses a "record" number of case completions at 146, up 7% on a year ago, albeit "at a lower than normal average value". Manolete "remains confident in the prospects for the business, expecting a return to higher average settlement values in the second half of the year and total realised revenues."
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Eco Atlantic Oil & Gas Ltd - oil and gas exploration in South Africa, Namibia and Guyana - Pretax net loss is flat at USD1.6 million in the three months that ended September 30. At that point, it has cash and cash equivalents of USD2.1 million and no debt, down from USD4.7 million at the end of March. Total assets are USD18.9 million, total liabilities USD1.4 million, and total equity of USD17.6 million at the end of September compared to USD21.6 million, USD1.2 million and USD20.4 million at the end of March. "As we move through the remainder of 2025 and into 2026, Eco is well-positioned with an international footprint across three of the best hydrocarbon jurisdictions in the world, and a clear path toward multiple near-term catalysts that we believe will create long-term value for our shareholders," Eco Atlantic says.
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By Jeremy Cutler, Alliance News reporter
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Zoo DigitalBradda Head LithiumCreightonsMulberry GroupCrimson TideNorthern BearManolete Partn.Eco (atlantic)