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EARNINGS: Time Out says "reduced footfall" in Gulf amid conflict

1st Apr 2026 12:18

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Time Out Group PLC - London-based media and hospitality company - Pretax loss in six months to December 31 widens to GBP7.0 million from GBP6.8 million but revenue edges up 2.3% to GBP39.8 million from GBP38.9 million. The net finance expense rises 58% to GBP6.7 million from GBP4.2 million. "The first half of FY26 has been a period of significant operational progress and financial improvement for Time Out Group. Following a rigorous review of our strategy, we are seeing the direct impact of our focus on cost efficiency and the expansion of our high-margin, capex-light model," Chief Executive Officer Chris Ohlund says. "The most notable turnaround occurred in our Media division, where we have adapted to changing user behaviour and see significant further potential. Our Markets division continues to be a cornerstone of the group's value proposition." Adjusted earnings before interest, tax, depreciation, and amortisation improve 23% to GBP6.0 million from GBP4.8 million. In the Markets division, it falls to GBP6.7 million from GBP6.9 million. Media returns to adjusted Ebitda profit of GBP1.9 million, swinging from a loss of GBP600,000 a year prior. Time Out says it has a "number of management agreement Markets and a media franchise" in the Gulf Cooperation Council region. "We are in regular dialogue with our local partners. All Time Out partners in the GCC region are currently trading, but with significantly reduced footfall due to the conflict," it adds.

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Catalyst Media Group PLC - London-based provider of content and production services to betting industry - Catalyst's pretax loss in the six months to December 31 narrows to GBP171,910 from GBP420,229 a year prior. Revenue falls to GBP1,249 from GBP12,500. Its share of the loss of equity-accounted associated narrows to GBP92,429 from GBP370,131, improving the bottom line. CMG owns a 21% chunk of Sports Information Services Holdings Ltd and results include its share in the firm's profit and loss. "SIS's racing business, both for retail and online, has remained robust in the period although market conditions for racing remain challenging. SIS's non-racing business (eSports and Numbers) has seen significant growth in the period from both an increase in customers and in the volume of events, as well as revenue growth from existing customers," CMG says. Sports Information Services provides content for betting industry operators.

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Tap Global Group PLC - London-based cryptocurrency payment and settlement operator - Pretax loss in six months to December 31 widens to GBP500,347 from GBP8,614. Revenue edges down to GBP1.7 million from GBP1.8 million. Operating expenses were up 35% to GBP1.9 million. "Despite some challenging months for businesses exposed to the recent drawdown of crypto assets, the first half of the financial year for Tap Group has seen stable revenues and meaningful operational progress, building stronger foundations for future growth. Looking ahead, the board remains focused on disciplined execution, strong governance and ensuring the business is well positioned for sustainable long-term growth," Chair Manuel De Luque Muntaner says.

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Schroders Capital Global Innovation Trust PLC - investment trust in managed wind-down - Net asset value per share at December 31 year end rises 12% to 22.23 pence from 19.94p. "Performance during the year was primarily driven by the company's life sciences portfolio, with the sale of Araris generating GBP18.0 million of fair value gains during the year. The company's growth portfolio also contributed positively with both AI Company II and Revolut delivering valuation uplifts," it adds. It expects to make a further GBP18 million return to shareholders in June through a tender offer.

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Venture Life Group PLC - Berkshire, England-based developer and manufacturer for the consumer self-care market - Swings to pretax loss of GBP1.9 million in the 12 months to December 31, from profit of GBP19,000, though revenue improves 32% to GBP35.2 million from GBP26.6 million. It booked GBP2.8 million in exceptional costs, largely stemming from a new enterprise resource planning system. Venture Life has changed its financial year end to May 31 from December 31, so its next batch of results will be for the 17 months ended May.

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Quantum Helium Ltd - targets helium, hydrogen and hydrocarbons in the US and Australia - Pretax loss in half year ended December 31 narrows to AUD1.6 million, around GBP835,224, from AUD2.5 million. Revenue amounts to AUD322,858, rising from AUD64,542. It was a "transformational phase" for the firm, Executive Chair Carl Dumbrell says. "During this time, the company repositioned its strategy, strengthened its board and management team, and delivered a series of significant technical, operational and corporate milestones that have materially advanced our Colorado helium portfolio," Dumbrell adds. On Wednesday, it gets notice that operatorship of the Sagebrush project in Colorado, US has been approved by the Bureau of Indian Affairs. "This key milestone follows an extensive and proactive engagement process undertaken by the company and its advisors with regulatory authorities and stakeholders. The company's recent visit to Colorado, including meetings with the Ute Mountain Ute Tribe and regulatory bodies, contributed positively to the progression and successful conclusion of the approvals process," Quantum Helium says.

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Sabien Technology Group PLC - London-based provider of energy reduction technologies - Pretax loss in half year ended December 31 narrows to GBP209,000 from GBP382,000 a year prior, as revenue improves 51% to GBP504,000 from GBP334,000. "The first half of FY26 represents a period of meaningful progress for Sabien, with strong revenue growth, a materially reduced loss, and continued advancement in positioning the group for its next phase of development," it reports.

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Kazera Global PLC - mining investment firm focused on early-stage assets - Pretax loss in six months to December 31 widens to GBP763,000 from GBP555,000 a year prior. It reports nominal revenue of GBP26,000, having posted none a year prior. "Despite some unexpected delays, we have continued to make good operational progress across both our heavy mineral sands and diamond activities during the period as the group advances its transition from development-stage projects into early-stage production," CEO Dennis Edmonds says.

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JPMorgan UK Small Cap Growth & Income PLC - invests in UK listed smaller companies - Net asset value per ordinary share at the January 31 half-year end rises 9.3% to 374.0p from 342.3p a year prior. It perks up 3.1% from 362.6p in July. The NAV total return for the six months was 5.3%, shy of the benchmark, the Numis Smaller Companies AIM plus ex Investment Companies Index, which returned 8.9%. Dividends for the half year total 7.26 pence, down 3.5% from 7.52p a year prior. It declares a third interim dividend of 3.63p, down 3.5% from 3.76p.

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By Eric Cunha, Alliance News news editor

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


Related Shares:

Time OutSchroders Capital Global Innovation TrustQuantum HeliumVenture LifeJpm Uk Sml CapCatalyst MediaKazera GlobalSabien Tech.Tap Global
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