Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Add shares to your
quickpicks to
display them here!

EARNINGS UPDATES: Gym Group and PensionBee annual losses narrow

16th Mar 2023 14:48

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


PensionBee Group PLC - London-based online pension services provider - Posts revenue of GBP17.7 million for 2022, up from 38% from GBP12.8 million in 2021. Pretax loss narrows to GBP22.4 million from GBP25.0 million. Assets under administration increase by 17% year-on-year to GBP3.0 billion from GBP2.6 billion in 2021, driven by strong "net flows" from new and exiting customers. Chief Executive Officer Romi Savova says: "We are pleased to report strong full-year results for 2022, having exceeded GBP3 billion of assets under administration, despite the challenging global capital markets." Looking ahead, PensionBee says remains on track to achieve ongoing adjusted earnings before interest, tax, depreciation and amortisation profitability by the end of 2023 and to be profitable for the full year 2024.


IOG PLC - North Sea-focused gas and infrastructure operator - Posts revenue of GBP75.4 million in 2022, compared to none in 2021. Pretax loss widens to GBP17.1 million from GBP2.4 million a year ago. Says loss reflects the impact of GBP52.6 million of asset impairments following the "very disappointing Southwark A2 well result". Looking ahead, says lower-than-expected production following the Southwark A2 setback has created uncertainty over future cash flows.


Gym Group PLC - low-cost gym chain operator - Warns it will take longer than thought for conditions to normalise after the Covid-19 pandemic. Membership numbers improve 8.4% from year-end to 890,000 at the end of February. That growth has slowed from 15% in the same time last year, however. Earnings for 2022 improve, with revenue 63% higher at GBP172.9 million from GBP106.0 million. Pretax loss narrows to GBP19.4 million from GBP44.2 million, as adjusted loss per share improves to 3.9p from 16.7p a year earlier. Adjusted earnings before interest, tax, depreciation and amortisation is GBP71.3 million, up from GBP35.4 million in 2021. Looking ahead, Gym Group says it has seen an "uneven" start to 2023.


PYX Resources Ltd - Sydney-based zircon producer - Records revenue of USD22.7 million for 2022, up 83% from USD12.4 million in 2021, mainly due to a boost in "premium zircon, rutile and ilmenite production, increased sales volumes, and strong pricing", it explains. Net loss before tax, however, widens to USD9.3 million from USD3.4 million, as cash cost of production increases to USD17.3 million from USD10.4 million. Says it expects to deliver further strong growth in 2023.


By Xindi Wei, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

FTSE 100 Latest