24th Mar 2025 12:18
(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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RTC Group PLC - London-based recruitment company - Pretax profit in 2024 is flat on-year at GBP2.5 million. Revenue falls 2.0%, however, to GBP96.8 million from GBP98.8 million."2024 was an extremely satisfying year for the group. Another strong set of results, another constructive year of value enhancement for our shareholders, while continuing to invest in the future, and a business with an outstanding balance sheet, and long-term revenue visibility through its strong order book with blue chip clients. A group with strong independent yet interlinked subsidiary businesses with proven track records in both UK and International markets," Chair & CEO Andy Pendlebury says. It proposes a final dividend of 5.0 pence per share, up 11% from 4.5p. It would take its total dividend to 6.1p, also up 11% from 5.5p. RTC adds: "In assessing our future prospects, it would be irresponsible of me to not acknowledge potential headwinds threatening the broader UK economy and which in turn traditionally flow down to the recruitment sector. For many, 2025 has begun with a continuation of the trading challenges which began to emerge in 2024 as the post Covid hiring boom, which began in 2022, started to normalise."
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Science Group PLC - Cambridge, England-based science, engineering and technology business that provides services to the medical, defence, industrial, food & beverage and consumer sectors - Reports an increase in annual profit despite a fall in revenue. Pretax profit in 2024 jumps 93% to GBP14.7 million from GBP7.6 million a year prior. Revenue, however, falls 2.4% to GBP110.7 million from GBP113.3 million. Administrative expenses decline by 26% to GBP21.4 million from GBP28.7 million. Science Group maintains its dividend at 8.0 pence per share, "reflecting capital allocation prioritisation". In addition, it announces it increases its share buyback for 2025 to "over GBP6.0 million", compared to GBP5.0 million for 2024. "Science Group reports another solid performance in 2024, despite economic and political volatility, maintaining strong margins with record adjusted earnings per share, the primary metric for shareholder value. The Consultancy Services Division was somewhat affected by the market instability, but this was offset by the performance of CMS2 resulting from the successful turnaround of that business. Accordingly, the group's strategy again demonstrates resilience and translates into tangible results," it adds. Earlier this year, Science Group began building a stake in Ricardo PLC, a science and technology consultancy and engineering business. As of March 19, it owned just over 16% of Ricardo. "Science Group has had dialogue with the Ricardo board in relation to managing the investment. The Ricardo poor financial performance, with weak cash conversion and a stretched balance sheet, has led to a significant degradation of shareholder value in this once great British company. The contrast to Science Group and its record earnings per share, for similar consultancy and systems businesses, is stark. A catalyst for change is required to restore shareholder value in Ricardo and to address the ineffective governance," it adds. Last week Monday, Ricardo accused Science Group of attempting to seize board control without paying a "paying a premium for that control".
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Tandem Group PLC - Birmingham, England-based developer of sports, leisure and mobility products - Tandem reports a pretax profit for 2024 of GBP30,000, swinging from a loss of GBP1.2 million. Revenue rises 11% to GBP24.6 million from GBP22.2 million. "Despite ongoing market challenges and uncertainties, we are pleased to report that sales for 2025 have started well and are in line with the board's expectations, marking an optimistic beginning to the current financial year," Tandem adds. It does not pay a dividend for 2024, unchanged from 2023. "In previous years it has always been the board's intention to maintain a progressive dividend as trading results and funds permit. However, and as previously announced, the board is of the view that no dividend should be paid in respect of FY24," Tandem says. "The board will resume dividend payments in the future at such time as the Company's profits permit."
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Social Housing REIT PLC - invests mostly in newly developed social housing assets in UK - IFRS & EPRA net tangible assets per share at the end of 2024 declines to 99.05 pence, down 13% from 113.76p the year earlier. It says it collected 92.6% of rent in 2024, up from 90.2% in 2023. Earlier this month, it announced a 1.365 pence per share payout for the final-quarter of 2024. It means it makes a total payout of 5.46p for 2024, unmoved a year prior. Total income in 2024 rises 1.7% to GBP35.85 million from GBP35.25 million. However, it swings to a pretax loss of GBP36.4 million from profit of GBP35.0 million. Reports a GBP53.0 million fair value loss on investment properties, swinging from a gain of GBP15.5 million.
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Built Cybernetics PLC - London-based company focused on smart buildings - Pretax loss from continuing operations in year to September 30 widens to GBP1.8 million from GBP351,000. Revenue, however, improves 38% to GBP19.7 million from GBP14.3 million. Personnel related costs rise 28% to GBP11.5 million, hurting its bottom line. The firm was previously named Aukett Swanke and it had a focus on architecture. "This was a transformational year. The evolution from a pure architecture business to a business lead by smart buildings drawing on our strong architecture heritage quickened significantly, with smart building revenues exceeding architecture revenues for the first time. We believe there is significant opportunity for growth within the smart buildings sector and look forward to the future with excitement and optimism," Chair Clive Carver says. Trading in first half of new year "has started much better" than the prior year.
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Quadrise PLC - supplier of emulsion technology, fuels and biofuels for the power generation, shipping and industrial sectors - Pretax loss in six months to December 31 narrows to GBP1.7 million from GBP3.1 million a year prior. "Commercial revenues and sustainable positive cashflows" are expected to begin in the third-quarter of 2026. Quadrise believes "market and regulatory trends are creating a favourable environment". "As conventional biofuels like biodiesel and renewable diesel face growing demand from other sectors, the need for lower-cost, widely available non-conventional biofuels is likely to rise. These trends, combined with the use of cheaper non-conventional waste-based biofuel feedstocks such as glycerine, should enhance the attractiveness of bioMSAR for end-users," it adds.
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Goldplat PLC - mining services with recovery operations in Ghana and South Africa - Pretax profit in six months to December 31 improves 12% to GBP1.8 million from GBP1.6 million. Revenue, however, falls 21% to GBP29.6 million from GBP37.4 million. "I am pleased with the continued strong operating results achieved by the group, considering the team implemented several new processes and procedures in a short period of time to focus the business on local beneficiation in Ghana and on streamlining the operations in South Africa due to lower visibility of supply of material," CEO Werner Klingenberg says.
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Wildcat Petroleum PLC - investor in the petroleum industry's upstream sector - Pretax loss in six months to December 31 amounts to GBP154,000, swinging from profit of GBP131,000. Administrative expenses rise 23% to GBP154,000. Wildcat last week said it has agreed to collaborate with the South African state-owned Strategic Fuel Fund Association. Wildcat said it will work with the South African government on evaluating petroleum assets in South Sudan previously held by Petronas. "The board notes the growing tension in South Sudan first reported in early March 2025. In August 2024, Petronas announced the withdrawal of its operations in South Sudan and Nilepet said it would assume all assets and responsibilities held by Petronas in South Sudan. In September 2024, WCAT signed a MOU with Nilepet valid for six months to collaborate together for acquiring the assets. The MOU with Nilepet expired on 12 March 2025, both parties decided to let the MOU lapse but continue to be engaged in productive conversations," Wildcat says.
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By Eric Cunha, Alliance News news editor
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Related Shares:
Rtc Grp.Science GroupRicardoTandem GroupSocial HousingBuilt CybernetQuadriseGoldPlatWildcat Petrol.