26th Nov 2025 21:30
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Avation PLC - Singapore-based commercial aircraft leasing company - Releases Executive Chair Jeff Chatfield's annual general meeting statement. Says global passenger traffic has increased 3.6% on an annual basis, according to IATA. International traffic is up 5.1% with a 7.4% rise for Asia Pacific carriers, "where Avation generates much of its revenue". Company says market values for new commercial aircraft remain stable with positive inflationary increases, and values for previous generation commercial aircraft remain stable. Avation notes that it currently owns a fleet of 32 commercial aircraft leased to 15 airlines in 14 countries. Says the fleet's average age is 8.9 years with an average remaining lease term of 4.1 years, "providing stability and ongoing revenue visibility". Adds that the proceeds of its subsidiary's issuing USD300 million of 8.5% unsecured notes were deployed to fully redeem its outstanding USD298 million of 8.25% senior unsecured notes due 2026, and that the refinancing provides "a stable long-term capital structure and a platform for future growth", extending its financial flexibility out to 2031, "Demand for passenger air travel remains strong and industry dynamics continue to favour leading aircraft lessors such as Avation," Chatfield says. "This encouraging backdrop supports our ability to place the remaining aircraft from our orderbook on lease at attractive terms and successfully transition aircraft between airlines as and when leases conclude... The company is optimistic as we look to the future and remains committed to prudent, growth-oriented fleet management leveraging our orderbook, purchase rights, and opportunities in the secondary market."
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RTC Group PLC - London-based recruitment company - Announces that it expects to deliver 2025 results "that are broadly in line with last year" despite the "challenging UK economy which has impacted recruitment generally, and the significant additional cost burdens imposed by the government's decision to increase employers' national insurance contributions in the Autumn Budget 2024". "Whilst there is a broad feeling of uncertainty across many industry sectors in the United Kingdom, we firmly believe that our group business model of building long-term strategic relationships with blue chip clients, in both domestic and international markets, will continue to provide long-term order book opportunities," RTC adds. Notes "well-advertised softness in the rail sector" but also "the healthy progress made by our energy business", and says it remains "cautiously optimistic of our future prospect". "I am delighted the group expects to deliver such a strong set of results given the current market conditions," comments Chair & Chief Executive Officer Andy Pendlebury. He continues: "I believe the group has continued to demonstrate the strength of its offering through its strong and growing order book across its key target markets. Our balance sheet continues to operate free of term debt, enhancing year-on-year earnings and net value per share for its shareholders and positioning us well to take advantage of growth opportunities as they arise."
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Ascent Resources PLC - oil and gas exploration and production with principal assets in Slovenia and the US - Enters, alongside partner American Helium LLC, an option agreement with Neometals Ltd and Omaha Value LLC. The deal grants Neometals and Omaha a 60-day exclusive option to negotiate a definitive access and use licence over Ascent and AH's portfolio of existing oil and gas wells and leases in Utah's Paradox Basin, to explore and potentially extract lithium and potash from critical mineral-rich brines. Ascent says the proposed arrangement represents a new monetisation pathway for its large Paradox Basin acreage position, without its incurring any upfront drilling or development costs; provides access to deep, artesian brines previously intersected during historic exploration; reduces time and expenses by using existing wellbores and infrastructure; and leverages the critical mineral status of lithium and potash. Notes that because of this status, operations may qualify for accelerated permitting and potential US federal funding. Neometals and Omaha will use the exclusivity period to conduct technical, legal and commercial due diligence, and Ascent says it will update the market on material developments as appropriate.
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New Frontier Minerals Ltd - minerals exploration company in Australia with exposure to copper, heavy rare earth minerals and uranium - Receives firm commitments to subscribe for AUD2.3 million, or GBP1.1 million, through a placement of 107.1 million shares at 2.1 Australian cents each "to professional and sophisticated investors". Says participants will receive one free attaching option for every two new shares allocated, with an exercise price of four cents per option and a two-year expiry from the issue date. New Frontier will use the funds to advance the Harts Range Project, where a roughly 2,500 metre drilling campaign of up to 46 holes is starting and targeting depth extensions of HREE mineralisation, particularly dysprosium and terbium. Says it will also allocate funds to progress the mining lease application at the NW Queensland Copper Project. "Receiving the exceptional beneficiation results for dysprosium and terbium from Harts Range raw ore," says Chair Gerrard Hall, "then executing a binding commercial framework with Metallium [Ltd] to create a potential pathway to supply US magnet and defence customers has built up tremendous forward momentum for New Frontier ahead of our maiden drilling campaign getting underway. As such, we are delighted with the overwhelming support from new and existing investors for this capital raise."
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Savannah Resources PLC - lithium development company with asset in Portugal - Provides update on current workstreams and developments within the lithium sector following its recent oversubscribed GBP9.8 million fundraise. Says it has total cash reserves of around GBP21 million and is therefore "in a strong position to progress the [Barroso Lithium Project] towards a final investment decision next year". Says that global lithium demand has continued increasing during the second half of 2025, and the price of spodumene has increased by around 80% since the end of June to surpass USD1,200 per tonne in recent trading and was USD1,100 as of Wednesday. Savannah is in the process of completing the acquisition of the Aldeia mining lease, and progressing towards securing a possible German government guarantee on a project finance loan of up to USD270 million, with Germany's KfW IPEX-Bank working on due diligence. Savannah "remains in close contact with the Portuguese Government ministry and agencies involved in approval of the temporary land access order needed to complete the drilling required to finalise the project definitive feasibility study", and "continues to expect this approval during the current quarter". It continues "to make good progress with the other workstreams required to complete the DFS and environmental licencing process as well as with additional workstreams which will become the focus once these tasks are completed". "It is also an important development to see the European Commission expressing a strong focus and sense of urgency around the development of its domestic and international critical raw material supply chains," adds Chief Executive Officer Emanuel Proenca. "We look forward to further announcements around the proposed 'RESourceEU' initiative, including the potential for investment in strategic projects for the production and processing of critical raw materials in Europe."
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abrdn UK Smaller Cos Growth Trust - investment trust - Changes name to Aberdeen UK Smaller Cos Growth Trust PLC, with effect from Tuesday, following approval by shareholders at the annual general meeting and final approval from Companies House. Says it "will liaise with the FCA and the LSE to effect the name change on the Official List and for trading purposes as soon as practicable".
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By Emma Curzon, Alliance News reporter
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AvationRtc Grp.Ascent ResourcesNew Frontier MineralsSavannah ResourcesAbrdn Uk Small