30th Sep 2025 12:10
(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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Tortilla Mexican Grill PLC - London-based fast-casual Mexican restaurant group - The company's pretax loss widens to GBP2.3 million in the half-year to June 29, from GBP235,045 a year prior. Revenue, however, rises 14% to GBP36.0 million from GBP31.5 million. Tortilla reports a GBP2.0 million loss from its French operation, "reflecting the early stage of investment in the region". Current UK trading is ahead of expectations, Tortilla says, but in France, it now expects an annual outcome below market expectations. Tortilla expects group adjusted earnings before interest, tax, depreciation and amortisation around 10% below previous expectations. In addition, the company named Richard Haley as chief financial officer, with effect October 6. Haley has held finance roles with Trainline PLC, Future PLC and Halma PLC.
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Jadestone Energy PLC - upstream production and development company focused on Asia-Pacific - Jadestone swings to a pretax profit of USD38.1 million in the first half of 2025, from a loss of USD29.1 million a year earlier. Revenue increases to USD228.3 million from USD185.1 million. Output year-to-date has averaged around 20,300 barrels of oil equivalent per day. Jadestone's guidance is for a full-year output between 19,500-21,500 boe/d.
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Majestic Corp - recycler of precious and non-ferrous metals from used electronics and batteries - Pretax profit in the first half of 2025 down roughly half to GBP590,542 from GBP1.2 million a year prior. Revenue declines to GBP18.2 million from GBP25.0 million. "Revenue stood at USD18 million, reflecting the temporary impact of geopolitical tensions, regulatory adjustments, and uncertainty surrounding retaliatory trade tariffs. Importantly, many of these headwinds have proven to be transitory and are now easing, with key markets showing clear signs of stabilisation," Chair and CEO Peter Lai says. "We remain confident that our strategic focus will continue to drive continuous profitable growth, create long-term shareholder value, and secure the supply of critical and precious metals for economies worldwide and future generations."
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Malvern International PLC - London-based learning and skills development company - Pretax profit in first half of 2025 more than doubles to GBP376,000 from GBP139,000, while total revenue improves 19% to GBP7.3 million from GBP6.1 million. "I am pleased with the progress made in growing both revenues and student numbers, driven primarily by increased enrolments in University Pathways. We have also made great strides in our strategy to transform Malvern into a significantly larger business with a broader client base and diverse revenue streams. Since the start of the year, we have secured three new university partnership contracts enabling further growth for the 2025/26 academic year and beyond," CEO Richard Mace says.
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Animalcare Group PLC - York, England-based veterinary services and pharmaceuticals firm - Pretax profit from continuing operations in the six months to June 30 declines to GBP4.0 million from GBP6.0 million. Including discontinued operations, profit declines from GBP19.7 million. Revenue rises 19% to GBP43.8 million from GBP36.9 million. "Based on the first half performance and trading post period end, the board is confident that full year results will be in line with expectations. The group continues to make good progress optimising its existing portfolio and developing its innovative pipeline to position the company for accelerated sustainable growth in the medium to long-term," Animalcare adds. Animalcare lifts its interim dividend by 10% to 2.2 pence per share.
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Futura Medical PLC - Guildford, Surrey-based developer of sexual health products - Futura reports a weaker half-year amid "slower than originally anticipated in market sales of Eroxon". Pretax loss in the first half of 2025 amounts to GBP6.7 million, swinging from profit of GBP866,641, as revenue slumps to GBP1.0 million from GBP7.0 million. Futura Medical says that weaker sales of the Eroxon erectile dysfunction treatment means inventory from 2024 "are still being used". Earlier in September, it predicted revenue for 2025 between GBP1.3 million and GBP1.4 million, versus company-cited consensus at the time of GBP5 million. In 2024, Futura's revenue totalled GBP13.9 million.
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Niox Group PLC - Oxford, England-based developer of medical devices for asthma diagnosis - Pretax profit in six months to June 30 rises 34% to GBP5.9 million from GBP4.4 million a year prior, as revenue increases 20% to GBP25.2 million from GBP21.0 million. "Both the clinical and research businesses performed strongly, with research sales more than doubling," CEO Jonathan Emms says. Trading during July and August was ahead of management expectations, Niox adds. It expects annual results sin line with consensus.
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Ukrproduct Group Ltd - dairy and food manufacturer in Ukraine - The company swings to a pretax loss of GBP163,000 in the first half of 2025, from profit of GBP975,000 a year earlier, despite revenue rising 22% to GBP20.2 million from GBP16.6 million. Cost of sales rise to GBP16.7 million from GBP13.2 million, and administrative expenses increase to GBP1.2 million from GBP797,000. "The operating environment is expected to remain fragile, with the war in Ukraine and financial constraints continuing to weigh on the group. Our export growth has benefited from EU market access; however, any tightening of safeguards or re-imposition of quotas on Ukrainian dairy would reduce volumes and price realisation, particularly in commodities," the company says.
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Argo Blockchain PLC - London-based blockchain technology company focused on cryptocurrency mining with operations in the US and Canada - Revenue slumps in the first half of 2025, but Argo's loss narrows. Revenue falls to USD6.3 million from USD29.3 million, as the refurbishment and relocation of machines in the first quarter led to a slump in bitcoin mined. Bitcoin mined in the first half fell to 65 from 442 a year earlier. Argo's pretax loss narrows to USD8.5 million from USD37.2 million. Power and hosting costs decline to USD5.1 million, aiding its bottom line, from USD19.2 million a year earlier.
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By Eric Cunha, Alliance News news editor
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Tortilla MexicMalvern IntlAnimalcare GrpJadestone EnergyFutura MedicalUkrproductArgo Blockchai.Niox GroupHalmaTrainlineFuture