29th Jun 2026 11:52
(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Monday and not separately reported by Alliance News:
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Focusrite PLC - High Wycombe, England-based software - Revenue rises to GBP164.6 million in the 12 months to February 28 from GBP162.5 million, but Focusrite swings to a pretax loss of GBP4.2 million from a GBP1.1 million profit the year earlier. The group, which recently changed its financial year-end to February 28, lifts its total dividend to 8.84p per share from 6.60p. Focusrite says trading in the first quarter of its new financial year is ahead of the prior year, supported by improved market conditions and new product launches. CEO Tim Carroll says: "Adjusted Ebitda for the pro-forma 12-month period to February 2026 increased to GBP24.7 million from GBP23.3 million, demonstrating the group's ability to grow profitability despite a challenging macro-economic backdrop characterised by tariff instability, geopolitical pressures and subdued consumer confidence in several key markets. Both divisions contributed to this performance, with Content Creation returning to organic constant currency growth of 3.6% and Audio Reproduction broadly stable."
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Wynnstay Group PLC - Powys, Wales-based agricultural supplies and specialist merchanting firm - Pretax profit for the six months that ended April 30 rises 12% to GBP6.2 million from GBP5.5 million, despite revenue edging down to GBP304.1 million from GBP304.9 million. The company increases its interim dividend by 3.5% to 5.9p per share from 5.7p. Wynnstay says trading in the second half has started in line with board expectations, and it remains confident of delivering full-year results in line with current market expectations. CEO Alk Brand says: "The first half has provided clear evidence that 'project genesis' is delivering. We have improved profitability, increased earnings per share and strengthened our balance sheet despite tough market conditions for the agriculture industry."
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Fiinu PLC - Weybridge, Surrey financial technology provider - Pretax loss widens to GBP10.4 million in 2025 from GBP700,068 in 2024. Books revenue of GBP662,666, up from none in 2024. But Fiinu takes an exceptional charge of GBP8.6 million, compared to none the year before, as it recognises a GBP7.3 million non-cash goodwill impairment relating to the Everfex acquisition. CEO Marko Sjoblom says: "While disappointing, this accounting adjustment does not affect the group's cash resources, operational performance or strategic rationale for the acquisition. Everfex continues to provide revenue generation, a foothold in Central Europe and opportunities to support the group's wider growth ambitions."
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UK Oil & Gas PLC - London-based energy company transitioning from onshore UK petroleum into "clean power", focusing on hydrogen-ready gas storage projects - Reports a pretax loss of GBP1.2 million for the six months that ended March 31, narrowing from GBP1.6 million a year earlier, despite revenue falling to GBP123,000 from GBP314,000 as the company winds down its legacy oil and gas business. During the half-year, UKOG raises GBP5.0 million through placings, strengthens its cash position to GBP2.1 million from GBP30,000 at the September year-end, and continues its strategic pivot towards hydrogen storage, it says. The company says it is advancing its Dorset and East Yorkshire hydrogen storage projects through agreements with National Gas and Wales & West Utilities, while also agreeing the sale of its Horse Hill oil field interest for GBP1.0 million, subject to approvals, as part of its exit from UK onshore oil and gas. CEO Stephen Sanderson says: "[We] welcomed the [UK's] government's ongoing commitment to developing a UK hydrogen economy, including its support for hydrogen transport and storage infrastructure. We continue to monitor the evolution of the government's hydrogen policy framework and believe that our Dorset and Yorkshire salt cavern storage projects are well positioned to support the UK's future clean energy infrastructure and industrial decarbonisation objectives."
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Safestay PLC - London-based hostel operator - Revenue falls to GBP20.6 million in calendar 2025 from GBP22.5 million in 2024, as challenging trading conditions across Europe weigh on performance. Pretax loss widens to GBP10.1 million from GBP3.1 million, reflecting lower earnings alongside GBP6.0 million of non-cash impairment charges and a GBP1.4 million loss on asset disposals. Safestay says liquidity has improved and gross debt has been reduced to GBP14.1 million from GBP19.5 million following property sales. While trading remains affected by the Middle East conflict, tourist levies, and cost pressures, the board says it remains confident in Safestay's long-term growth prospects and continues to evaluate strategic options, including further disposals and sale-and-leaseback transactions. During 2025, the company sells two freehold sites in Edinburgh and Brighton and adds three new hostels in Italy and Austria. Chair Larry Lipman says: "Given the challenging trading environment described above, total bed nights decreased by 6% to 877,674 [from 931,688 in 2024] and the occupancy rate was 70%", down from 75.2% in 2024.
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Verici Dx PLC - Cardiff, Wales-based developer of advanced clinical diagnostics for organ transplants - Reports higher 2025 revenue of USD3.7 million from USD3.3 million, driven by the first USD2.9 million of recognised sales from its Tutivia kidney transplant diagnostic, partly offset by lower licence income. Pretax loss widens to USD6.9 million from USD5.9 million as administrative costs increase alongside commercial expansion. During the year, Verici Dx secures Medicare coverage for Tutivia, expands adoption to transplant centres representing 20% of annual US kidney transplants, and completes a USD7.9 million net equity raise. Verici says testing volumes continued to accelerate in the first quarter of 2026, with 392 tests ordered, up 32% from the fourth quarter, and believes its commercial progress and June fundraising to support growth through the end of 2026.
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Beowulf Mining PLC - explorer of iron ore, graphite, gold and base metals, targeting Sweden, Finland and Kosovo - Reports a narrowed pretax loss of GBP1.6 million for 2025 from GBP1.7 million in 2024, despite administrative expenses rising to GBP1.6 million from GBP1.5 million. Loss per share from continuing operations improves to 3.10 pence from 4.79p. During the year, Beowulf advances its Kallak iron ore and Grafintec graphite projects, while continuing efforts to streamline its wider portfolio. Post-period, Beowulf says a proposed strategic investment from Bacchus Capital & Affiliates would provide funding through to the end of 2027, subject to shareholder and regulatory approvals.
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Majestic Corp PLC - Deeside, Wales-based recycler of precious and non-ferrous metals from used electronics and batteries - Reports 2025 pretax profit of USD1.4 million, up from USD1.0 million in 2024. The company says revenue falls to USD38.2 million from USD49.3 million, but net asset increases to USD10.1 million from USD8.5 million. Majestic expects pretax profit to rise significantly in 2026, supported by its new Wrexham processing facility, the integration of Telecycle Europe and a strong commercial pipeline, subject to market conditions. Chair Peter Lai says: "The strategic decisions we have taken over the past two years have strengthened our business, improved our operational platform and positioned the group for its next phase of growth. Despite a challenging market environment, we delivered a resilient performance while continuing to invest in our future."
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TomCo Energy PLC - targets hydrocarbon resources in the US - Reports a pretax profit of GBP32,000 for the six months ended March 31, swinging from a GBP115,000 loss a year earlier, helped by a GBP384,000 profit on the disposal of a subsidiary and a GBP26,000 contribution from its Greenfield joint venture. During the period, the company completes a GBP550,000 equity fundraising and restructures its partnership with Valkor, which now jointly owns Greenfield on a 50-50 basis. TomCo says the closer partnership provides a clearer route to developing its Utah oil sands assets, with potential drilling from 2027, subject to securing funding.
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By Eva Castanedo, Alliance News reporter
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