16th Apr 2026 21:42
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Narf Industries PLC - London-based cybersecurity provider - Unaudited revenue is USD4.2 million in the financial year to March up from USD3.0 million the year prior. Growth has been driven primarily by continued momentum within the group's Government Research and Development activities, it says. Narf has also strengthened its forward revenue visibility with around USD5.3 million in financial 2027 revenue come from contracted backlog. This reflects both new contract awards and the extension of existing programme activity, it says. "The board remains confident in the group's strategy and its ability to convert its growing pipeline into sustained revenue growth. Improved visibility from contracted revenues provides a strong foundation for the current financial year. Continued progress in commercial partnerships and the development of the UPxi platform are expected to support the group's transition towards a scalable and repeatable revenue model," company adds.
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IntelliAM AI PLC - South Yorkshire, England-based provider of AI-driven software solutions for the manufacturing and engineering sectors - Revenue grows by 35% to GBP5.3 million in the financial year to March from a pro-forma GBP3.9 million the year prior. Annual recurring revenue doubles to GBP1.7 million from GBP810,000. However, company says this strong growth in both turnover and ARR is "below the market forecasts, which primarily reflects a shift towards larger average deal sizes, particularly in the second half of the year, which has lengthened sales cycles and affected the timing of revenue recognition." Underlying demand remains strong and continues to rise, it stresses. Adjusted loss before interest, tax, depreciation and amortisation is expected to be GBP925,000, reflecting the material levels of investment during the period. Cash at year-end is GBP100,000. In addition the company will shortly conclude a working capital facility. "We remain positive about the outlook and confident in the Group's long-term opportunity," says Chief Executive Tom Clayton.
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Audioboom Group PLC - London-based podcast producer - Provides update on strategic review announced last October. Confirms it is in discussions with a small number of parties who are considering making a cash offer for the company. The indicative pricing of preliminary proposals received to date are at a premium to the closing price on October 2, 2025. Aims to conclude process by June 30. Also releases results for 2025. Revenue rises 10% to USD80.4 million from USD73.4 million, while pretax profit climbs to USD993,000 from USD904,000. Annual adjusted Ebitda of USD5.1 million, is up 54% on 2024's USD3.4 million, and ahead of market expectations. Discloses record quarterly revenue of USD24.9 million and record quarterly adjusted Ebitda of USD2.2 million in the fourth quarter, reflecting a 9% adjusted Ebitda margin. Average global monthly distribution of 118 million downloads and video views, up 20% on 2024 following the acquisition of Adelicious in July and the "fast-paced" growth of Audioboom's video podcasts. Heading into 2026, reports first quarter performance with revenue of USD22.5 million, up 30% on-year from USD17.3 million, and adjusted Ebitda profit of USD1.4 million, more than double last year's USD600,000.
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Mila Resources PLC - gold exploration firm focused on Australia - Raises GBP600,000 through a placing at 1 pence per share. Investors will also receive one warrant per placing share to subscribe for one new ordinary share at an exercise price of 1.5 per share. This may be exercised from December 1 2026 until the second anniversary of admission. Proceeds will be used to extend drilling operations and advance key technical studies at Yarrol and to accelerate the company's ability to publish a maiden resource estimate. Funds will also be used to build on the early-stage exploration at Monal to define drill targets and provide additional general working capital. Mark Stephenson, executive chair, subscribes for shares worth GBP50,000, now holds 3.4% stake in Mila.
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Creo Medical Group PLC - Chepstow, Wales-based medical device company - Enters into an agreement to sell its manufacturing operations to Creo's current manufacturing operations management as a management buyout for an undisclosed amount. The transaction is expected to close in May. "Having considered various options, the transaction represented the best outsourcing option, delivering financial benefits while derisking the technology transfer, maintaining the know-how of an experienced team and ensuring continuity of supply," Creo says. Manufacturing of Creo's product portfolio will be undertaken by NewCo as a third-party manufacturer, ensuring continuity of supply and manufacturing quality. The manufacturing outsourcing is expected to reduce annual operating costs by over GBP1 million, representing a further 15% reduction from the 2025 closing run rate on a pro forma basis, which were already 40% lower than the 2024.
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Equipmake Holdings PLC - Norfolk, England-based maker of electric motors, inverters, and drivetrains - Receives a further GBP950,000 order from Agrale SA to supply electric drivetrain systems for nine Agrale buses of varying types for delivery during the financial year ending May 2027. Last September, the company announced an order for electric drivetrain systems for 50 Agrale buses which are now being successfully deployed in Buenos Aires. On the back of this, Agrale placed a further order to cover an additional 23 buses in January and has now placed an order to cover a further nine buses. "We are delighted to receive another order from Agrale, demonstrating the value they see in Equipmake systems for their buses in South America. This latest order means that they have now ordered nearly GBP9 million of Equipmake electric drivetrain systems since September last year. We look forward to continuing to build our relationship with Agrale based on our shared commitment to provide a robust sustainable transport network in the region," says Chief Executive Ian Foley.
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BP Marsh & Partners PLC - investor in early-stage financial services businesses - Confirms that it has received the final tranche of deferred consideration of GBP9.5 million from the sale of its stake in Paladin Holdings Ltd, the parent company of CBC UK Ltd. Total proceeds received from sale, including upfront and deferred consideration, are GBP62.7 million. Following receipt, BP Marsh announces its intends to return GBP2.0 million to shareholders in the financial year ending 2028 by way of special dividend. "Remains committed to its established dividend policy, which seeks to deliver sustainable and progressive returns to shareholders over the long term, while retaining sufficient capital to support the growth of the investment portfolio," company says.
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Quantum Blockchain Technologies PLC - London-based blockchain sector-focused research & development technology company - Raises GBP500,000 via placing at 0.35 pence per share. Proceeds will help fund continued research and development programme for its proprietary technology and to invest GBP100,000 into BlocKeeper, a new company which is developing a hardware-free Bitcoin "virtual mining" operation. QBT is seeking to list BlocKeeper on AQSE Stock Exchange Growth Market. "We have been looking at ways for some time now to create a valid business strategy to physically mine Bitcoin utilising our extensive industry network and own cutting-edge technology. We have developed BlocKeeper to complement our core strategy of deploying our AI-based software products to Bitcoin miners. BlocKeeper is, we believe, a unique and scaleable way to enter this market," company says.
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
NARFAudioboom Grp.Mila ResourcesCreo MedicalB.p MarshQuantum Block