4th Mar 2026 14:40
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and Wednesday and not separately reported by Alliance News:
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Riverstone Energy Ltd - London-based investor in energy infrastructure - Posts an improved net asset value of USD16.07 as of December 31, up 8% from USD14.83 a year prior. Proposes no dividend, unchanged on-year. Chair Richard Horlick notes "rapid and positive progress" in its managed wind-down process, which was approved by shareholders in August. Full liquidation is expected "in due course". The firm's cash balance totalled USD17.1 million at the end of December, down from USD78.5 million on-year. Says it remains focused on realising value from its remaining assets. Horlick adds: "We have realised substantial proceeds from our investments already, the vast majority of which we have returned to our shareholders. We will continue to focus on realising the remaining portfolio and returning capital in a timely manner. The board expects to notify the quantum and timing of the second compulsory share redemption to shareholders during March."
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MTI Wireless Edge Ltd - Rosh-Ha'Ayin, Israel-based communication and radio frequency solution provider - Lifts its 2025 final dividend to 3.4 US cents per share from 3.3 cents in 2024, as pretax profit rises to USD5.4 million from USD5.4 million, on revenue of USD51.5 million, up from USD45.6 million. Notes "another excellent year" for antennas, noting: "Higher margin sales for military antennas rose sharply due to demand from both local and international markets leading to a 15% rise in the division's operating profits." Revenue from water control and management rises 10% thanks to "high demand in Israel, North America and Europe". Adds that the distribution and professional consulting services unit begins 2026 "with a healthy backlog of orders and a long pipeline of new opportunities consisting primarily of governments seeking to increase their investment in defence." Chief Executive Moni Borovitz says the company is "extremely proud" of its performance in 2025, and adds: "Our target end-markets remain in growth mode. Military conflicts are increasingly reliant on electronics, a shift which is to MTI's advantage, especially when coupled to a global increase in government defence budgets."
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Mila Resources PLC - gold exploration firm focused on Australia - Operating loss narrows to GBP239,046 in the six months ended December 31 from GBP360,727 on-year. Attributable loss per share narrows to 0.4p from 0.7p. Exploration costs rise to GBP406,298 from GBP45,909, as drilling ramps up at the Yarrol prospect.
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Gaming Realms PLC - Says it has nearly completed a buyback programme for up to GBP6 million, announced back in March 2025, and consequently, is extending the programme by a further GBP5 million. By the end of February, it had repurchased around 14.0 million shares for a total of GBP5.4 million, and held GBP16 million in net cash. Also notes: "Due to limited liquidity in the ordinary shares, the company, in discussions with its brokers, Peel Hunt LLP and Investec Bank PLC, has agreed that on any given trading day the programme may exceed 25% but remain below 50% of the average daily trading volume of the ordinary shares."
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Tern PLC - internet-of-things focused investor - Reports the outcome of an open offer announced in February which closed for acceptances on Monday. Says it has received valid acceptances from shareholders for a total of 78.2 million new shares, representing 81% of the 96.1 million open offer shares available, and raising GBP312,654 via the issue of the new shares at 0.4p each. Adds that it will update further "in due course" on the use of proceeds. Director Iain Ross subscribes for 230,476 open offer shares, bringing his stake in the company to 0.24% of enlarged capital. Albert Sisto, a person discharging managerial responsibilities, subscribes for 7.8 million open offer shares, raising his stake to 2.81%. Back in February, Tern said the open offer was to fund participation in a short-term convertible loan note fundraise by Device Authority Ltd, which the board believes is crucial to preserve the value of Tern's holding in Device Authority. It also said the proceeds were to maintain the costs of Tern's admission to the AIM market and participate in other "pay-to-play" or follow-on rounds that its direct portfolio companies may perform in future.
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Astrid Intelligence PLC - London-based company specialising in artificial intelligence, formerly known as Cel AI PLC - Chair Olivia Edwards steps down with immediate effect, and is replaced as chair by CEO Mark Creaser, while Director Siam Kidd takes over the CEO role. Creaser says: "I have valued working with Olivia and appreciate the leadership and support she has provided during her time as chairperson. On behalf of the board, I would like to thank her for her contribution and wish her well for the future. Astrid remains focused on executing its strategy, and I look forward to working closely with Siam and the wider team as we continue building the company's position at the forefront of the distributed AI sector."
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Crushmetric Group Ltd - seller of goods such as pens, chairs and tumblers made by denting aluminium cans which operates in the US, Hong Kong and Singapore - Raises HKD1.7 million, roughly GBP159,705, by issuing 1.9 million shares priced at 0.85p each. Expects admission of the new shares to the Growth segment of the Aquis Exchange on or around Tuesday.
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By Holly Munks, Alliance News reporter
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Related Shares:
Riverstone EnergyMti WirelessMila ResourcesGaming RealmsTern