21st Mar 2025 13:20
(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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Yu Group PLC – Nottingham, England-based independent supplier of gas and electricity, meter asset owner and installer of smart meters to the UK corporate sector – Pretax profit rises 12% to GBP44.5 million in 2024 from GBP39.7 million the year prior, as revenue jumps 40% to GBP645.5 million from GBP460.0 million, while diluted earnings per share climbs to 187 pence from 169p. Net cash more than doubles to GBP80.2 million from GBP32.1 million. Declares total dividend of 60p, up 50% from 40p in 2023. Says energy volume delivered rose 78% to 2.21 terawatt-hours and market share nearly doubled to 2.7%. Guides for 2025 revenue of GBP730 million to GBP760 million, with adjusted Ebitda and EPS in line with market expectations. Chief Executive Officer Bobby Kalar says: "This growth is set to continue, although at a slower pace in percentage terms due to the larger base… We are again increasing our dividend payment… reflecting our progressive dividend policy and confidence in the future with over GBP1 billion of forward revenue already contracted."
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Pebble Group PLC- Manchester, England-based firm, which provides products and services to the global promotional products industry - Pretax profit rises 9.5% to GBP8.1 million in 2024 from GBP7.4 million a year prior, as revenue edges up 0.9% to GBP125.3 million from GBP124.2 million. Operating cash conversion improves to 68% from 63%, aided by a reduction in capitalised development costs. Diluted earnings per share rises 11% to 3.82p from 3.45p. Declares a 54% increase in final dividend to 1.85p per share from 1.20p. Cash at year-end stands at GBP16.5 million, up from GBP15.9 million. Pebble says the cash-generative nature of the business will support accelerated organic growth into 2026, and it remains confident in its long-term prospects despite potential tariff risks. CEO Chris Lee says the group is "well-placed for growth", with ongoing investment in its Facilisgroup technology platform and strong client retention at Brand Addition.
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Mortgage Advice Bureau Holdings PLC – Derby, England-based mortgage broker – Pretax profit rises 42% to GBP22.9 million in 2024 from GBP16.2 million a year prior, as revenue grows 11% to GBP266.5 million from GBP239.5 million. Diluted earnings per share increase to 27.4 pence from 23.5p. Final dividend is lifted to 14.8p per share from 14.7p, making total dividend for 2024 stand at 28.2p, up from 28.1p. Mortgage completions rise 4% to GBP26.1 billion, with market share nudging up to 8.4% from 8.3%. Revenue per adviser climbs 12% to GBP138,700. CEO Peter Brodnicki says MAB is "well-placed to deliver another year of strong revenue and profit growth" in 2025, supported by growing adviser productivity, investment in proprietary tech, and strengthening consumer demand. The board continues to consider a move to the Main Market of the London Stock Exchange from AIM.
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Atalaya Mining Copper SA - copper producer in Spain - Pretax profit falls 13% to EUR31.5 million in 2024 from EUR36.1 million in 2023, as revenue slips 4% to EUR326.8 million from EUR340.3 million. Copper production declines to 46,227 tonnes from 51,667 tonnes, while cash costs rise to USD2.92 per pound from USD2.79. Final dividend of USD0.03 per share proposed, taking the full-year payout to USD0.07, down from USD0.09 in 2023. CEO Alberto Lavandeira says: "Key accomplishments that were achieved in 2024 despite the challenges we faced with lower production. We are particularly optimistic about the prospects for 2025." Atalaya forecasts copper output of 48,000 to 52,000 tonnes in 2025, with lower cash costs. The company also completed its move to Spain and the Main Market, with FTSE All-Share inclusion set for March 24.
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Fonix PLC – London-based mobile payments and messaging company – Pretax profit rises 6.9% to GBP7.9 million in the six months to December 31, from GBP7.4 million a year prior, despite revenue dipping 2.3% to GBP38.8 million from GBP39.7 million. Diluted earnings per share improve to 6.1 pence from 5.7p. Fonix increases its interim dividend by 12% to 2.9p frp, 2.6p, and also paid a special dividend of 3.0p in February. The company highlights contract wins with News UK and Bauer Media, as well as expansion into Portugal through deals with all major mobile operators. CEO Rob Weisz says the firm is "well-placed for a strong second half."
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Light Science Technologies Holdings PLC - Provider of lighting, science and plant monitoring solutions - Posts record annual revenue and trades "close to breakeven". Its pretax loss narrows to GBP30,409 in 2024 from GBP1.1 million the year prior. Revenue improves 30% to GBP12.0 million from GBP9.3 million. Loss per share narrows to 0.01 pence from 0.36p.
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Litigation Capital Management Ltd - Sydney-based asset manager and provider of dispute financing - Swings to pretax loss of AUD11.7 million, around USD7.7 million, in the six months to December 31 from a profit of AUD8.9 million a year prior, as total income drops to AUD7.4 million from AUD21.9 million. Litigation Capital says the decline was mainly due to a AUD32 million negative fair value movement on concluded investments, despite securing seven realisations generating AUD51 million in revenue and net realised gains of AUD37.4 million. New commitments fall to AUD34 million from AUD90 million, but the company expects a rebound in the second half of financial 2025. Fund III remains on track for launch before June 30. CEO Patrick Moloney says the transition to a fund management model is gaining momentum and should reduce volatility over time, adding: "We remain disciplined in capital allocation, focused on generating strong long-term returns."
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By Eva Castanedo, Alliance News reporter
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Related Shares:
Yu EnergyThe Pebble Gro.Mortgage Advice BureauAtalaya MiningLitigation Cap.FonixLight Science Technologies