30th Sep 2026 14:56
(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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Reabold Resources PLC - London-based oil and gas investment company - Says pretax loss during the first half of the year narrowed to GBP994,000 from GBP1.5 million a year earlier. Reabold will use the GBP4.3 million raised during the period for recompletion work at the West Newton A-2 well, UK, which is expected to take place in the fourth quarter. Also in the fourth quarter, Reabold expects to complete its transaction with Beacon Energy PLC by selling its remaining shareholding in LNEnergy Ltd to Beacon. In exchange, Reabold will receive an earn-out worth up to EUR16 million based on its share of the future cash generated by the Colle Santo project, Italy, once it starts producing. Reabold will also receive more Beacon shares, increasing its Beacon ownership to about 28%.
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Harvest Minerals Ltd - Perth-based fertiliser producer, which operates primarily in Brazil's Minas Gerais region - Reports a AUD1.2 million pretax loss for the first six months, narrowed from AUD2.0 million a year earlier. Revenue from fertiliser sales rose 18% to AUD610,415 from AUD516,533. However, it says the outlook for the fertiliser business is "very unclear" and that it will keep evaluating its position in the group. The company highlights its recent acquisition of Scanty Mineracao Ltda from Union Star Metals Ltd, which it says represents a "significant milestone" for the group's rare earth business development in Brazil. Harvest says 2026 remained a challenging year for its flagship Arapua project. Total sales through June 30 reached 12,210 tonnes. Outlook for the rest of the year has been "substantially reduced", and the company now expects total annual sales of 44,000 tonnes.
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Seascape Energy Asia PLC - Southeast Asia-focused exploration and production company - Reports narrowed pretax loss to GBP464,112 in the first six months, from GBP2.5 million a year earlier. Administrative costs were cut 79% to GBP585,066 from GBP2.8 million, reflecting "tight cost controls". Seascape says it has made "material operational progress" across its Malaysian projects, with Temaris approaching field development in the fourth quarter. Partnering and financing initiatives progressed in the period, and Seascape now expects significant gas production in Malaysia in 2028 to deliver higher value to shareholders. Also, Executive Chair James Menzies has stepped down as he is recovering from a cycling accident, and the company has appointed Geraldine Murphy as permanent non-executive chair. Murphy is already an independent non-executive chair at Ithaca Energy PLC.
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By Camilla Borri, Alliance News reporter
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