1st Jul 2025 12:47
(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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Wynnstay Group PLC - Powys, Wales-based agricultural supplies and specialist merchanting firm - It hails a "significant improvement" in the first half of its financial year. Pretax profit in the six months to April 30 improves 26% to GBP5.5 million from GBP4.4 million. Revenue, however, falls 7.2% to GBP304.9 million from GBP328.5 million. "Profitability improved, reflecting management initiatives, effective margin management and early benefits from project genesis," Wynnstay adds. Genesis is a three-year project "to establish a more efficient operating model to drive higher margins, profits and cash generation and to support the wider growth plans". Wynnstay ups its interim dividend by 1.8% to 5.7 pence per share from 5.6p. The firm adds: "Trading in H2 to date has been in line with management expectations and the group remains on track to deliver a stronger full-year performance compared to FY24, in line with market expectations."
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Supreme PLC - Manchester, England-based consumer products distributor with products including batteries, lighting, vaping, sports nutrition and wellness, branded distribution and soft drinks - Pretax profit in year to March 31 rises 2.6% to GBP30.9 million from GBP30.1 million. Revenue improves 4.4% to GBP231.1 million from GBP221.2 million. "I am pleased to report another strong performance from Supreme, which has seen the business extend its sector reach through a number of highly complementary acquisitions," Chief Executive Officer Sandy Chadha says. "With our more recent acquisitions of Clearly Drinks and Typhoo Tea now fully integrated into the business, our team is now fully focused on leveraging both cross and up-sell opportunities alongside developing an exciting range of new products to deliver to market." Supreme declares a 3.4p per share final dividend, rising 6.3% from 3.2p. Its total dividend is higher at 5.2p per share from 4.7p. Supreme says it has made a "positive start" to the new year and expects to trade in line with current market expectations, which it puts at GBP236 million for revenue and GBP36.5 million for adjusted earnings before interest, tax, depreciation, and amortisation. Its adjusted Ebitda in the year just gone rose to GBP40.5 million from GBP38.1 million.
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Augmentum Fintech PLC - investor focused on European private fintech - Net asset value per share after performance fee at March 31 year end is 161.5 pence, down 3.5% from 167.4p the year before. "After a period of necessary recalibration, the European fintech market is entering a new chapter of stability and maturity. The inflated valuation multiples of the post-Covid era have returned to more sustainable levels, and the underlying fundamentals of the sector are robust, reinforced by supportive public policy in the UK and across the continent," says Tim Levene, CEO of Augmentum Fintech Management Ltd. "Looking ahead, we believe the next five years will be defining for European fintech. As capital increasingly flows into the region, our strong track record and robust portfolio position us perfectly to continue backing the category leaders of tomorrow and delivering exceptional value to shareholders." Augmentum proposes an amendment to its investment advisory structure. Subject to shareholder approval at a general meeting on July 24, Augmentum Capital LLP will be appointed as the firm's investment advisor. At its launch it had an "internalised management structure", with Augmentum Fintech Management, a subsidiary, appointed portfolio manager. "Since that time, an unanticipated disadvantage of the internalised structure emerged," it adds. "Following careful consideration by the board, and having consulted with the company’s major shareholders, the board has agreed that, subject to shareholder approval, AFML will appoint Augmentum Capital LLP, an English limited liability partnership controlled by Tim Levene and Richard Matthews, the CEO and COO of AFML, as Investment Adviser in relation to AFML's portfolio management duties". Augmentum Capital LLP is not a subsidiary, it adds.
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Eco Buildings Group PLC - London-based manufacturer of pre-fabricated wall products for use in residential, commercial and industrial construction - Eco Buildings hails 2024 as a year "of significant improvement on the technical, operational and commercial areas" of the company. "It set a solid foundation for growth in 2025," Chief Executive Officer Sanjay Bowry says. Eco Buildings reports a pretax loss of EUR3.9 million in 2024, widening from EUR2.5 million in 2023. Revenue, however, surges to EUR1.4 million from EUR139,552. Administrative and other operating expenses jump to EUR4.4 million from EUR1.5 million. Eco Buildings says: "As we continue to expand at pace, we are fully aware that rapid growth brings both opportunities and challenges. While our progress reflects strong market demand, we recognise that scaling quickly can introduce operational complexity, strain resources, and test the foundations of our business. Managing this phase responsibly is essential to building a resilient and sustainable company."
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Windar Photonics PLC - provider of light detection and ranging solutions for the wind energy industry with production, R&D and administrative operations in Ishoj, Denmark - Pretax loss in 2024 widens to EUR1.1 million from EUR351,091 in 2023. Revenue declines 4.3% to EUR4.6 million from EUR4.8 million. "The uncertainty surrounding the timing of new orders in North America has increased reflecting the broader macroeconomic backdrop where some customers are pausing to allow current tariff volatility to pass. Nonetheless the group is expecting to announce a substantial order from this region in the near future and we remain optimistic for the North American market," Windar adds. "We entered 2025 in a strong position, supported by a solid forward orderbook and a growing pipeline of opportunities." It notes "increased caution" in the North American market due to tariff uncertainty, though "overall demand for our solutions remains strong".
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Goldstone Resources Ltd - Ghana-focused gold explorer - Pretax loss in 2024 widens to USD4.2 million from USD2.7 million in 2023. Revenue, however, surges to USD5.0 million from USD2.2 million. Cost of sales total USD3.7 million, up markedly from USD936,480, hitting its bottom line. "Following a challenging start to 2024, our production profile at the Homase gold project in the Ashanti region of Ghana improved considerably during the final quarter of the year. This positive momentum has continued into 2025, with consistent and improving production levels that reflect the changes implemented at site. This includes enhancements in equipment and processes that are now delivering measurable results in both output and recovery rates," Goldstone says.
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Zanaga Iron Ore Co Ltd - iron explorer focused on the Republic of Congo - Pretax loss in 2024 narrows to USD2.3 million from USD2.7 million. It reports no revenue in either year. "We have enjoyed a transformative period in the company's history, securing the exit of Glencore as a large shareholder and termination of its offtake rights, and the entry of a new group of investors with significant experience in the mining industry, including deep project and infrastructure development expertise. Furthermore key pillars of the strategy were developed to progress and create value at the Zanaga Project. I am confident with the current momentum the project is on a pathway to realising its true potential," Non-Executive Chair Clifford Elphick says.
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Hydrogen Future Industries PLC - London-based developer of wind-based green hydrogen production system - Expects to be in position to release results for year ended July 31, 2024 and half-year results for period to January 31 of this year "in due course". Shares will be restored to trading on AQSE once the results are published. Last month, it said it would be in a position to publish the results by the end of June.
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Eurasia Mining PLC - Russia-focused palladium, platinum, rhodium, iridium and gold - Pretax loss in 2024 widens to GBP8.6 million from GBP6.7 million, though sales jump to GBP6.6 million from GBP2.1 million. Cost of sales surge to GBP6.7 million from GBP1.6 million. Eurasia says: "During 2024, the planned sale of our assets remained the primary focus for the company. To ensure this, work is maintained at an adequate level to keep all our projects in good standing. More recently, with possible major changes to the geopolitical landscape, the company is reviewing its options for the future development of the Kola assets. Recent news of US interest in development of critical metals in the Russian Arctic supports a possible thawing in the relationship between these countries." Says strategy remains "to focus primarily on the potential sale of the company's assets in Russia".
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By Eric Cunha, Alliance News news editor
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Related Shares:
Goldstone ResourcesWynnstayEco BuildingsWindar PhotoSupreme PlcZanaga IronEurasia MiningAugmentum Fint.