15th Jul 2025 16:18
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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ProBiotix Health PLC - Wakefield, England-based life sciences business - Reports revenue for the six months to June 30 rose 33% to GBP1.3 million from GBP1.0 million a year prior. Gross profit also up 33% to GBP748,000. Earnings before interest, tax, depreciation and amortisation loss narrowed to GBP110,000 from GBP268,000. Says current order book is at a record level, supporting expectations for a strong second half. Notes progress with partnerships in China, South Korea, Greece and the US. Says US business "continues to move apace", with new product launches by Life Extension and expanded distribution by partner Seed. Will publish half-year results on September 8.
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Challenger Energy Group PLC - Caribbean and America-focused oil and gas company - Provides an operational update on its Uruguay offshore licences. Says the environmental permitting process for Area Off-1 is well advanced, with 3D seismic acquisition on track to begin in the fourth quarter of 2025. Reports encouraging preliminary technical results at Area Off-3, where it has expanded its work programme to evaluate new amplitude anomalies, including a newly identified prospect named "Benteveo." Challenger expects to launch a farm-out process for Area Off-3 in September, with a technical update ahead of opening the data room. Chief Executive Officer Eytan Uliel says both licences are progressing in line with expectations, setting up for "a busy and exciting period" in late 2025 and early 2026.
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Arrow Exploration Corp - Calgary, Canada-based mining company with Colombian oil assets - Reports current production between 4,600 and 4,800 barrels of oil equivalent per day net. Brings four new wells on stream in recent months, including two horizontal wells at Alberta Llanos field with strong initial output. Continues to review and develop its drilling schedule for 2025 and 2026. Base production has stabilised as expected, and company sees further output gains in the second half. Ends June with USD13.5 million in cash and no debt. Says its flexible balance sheet supports potential acquisitions and continued investment.
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Altitude Group PLC - Sheffield-based marketplace operator for the promotional products industry - Chief Executive Officer Nichole Stella steps down with immediate effect to pursue other opportunities. Non-Executive Chair Alexander Brennan becomes executive chair, while Chief Operating Officer Deborah Wilkinson expands responsibilities. Trading continues in line with market expectations for the current year. Reports strong order growth of 43% at ACS division and rising adoption of collegiate Gear Shop solution, with 45 live locations expected by end of August. Reiterates confidence in outlook.
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Zinc Media Group PLC - television and audio production group - Says revenue secured and due to be recognised in financial 2025 stands at GBP35 million, up from GBP27 million year-on-year, with a further GBP5 million in advanced discussions. Maintains a "strong" cash position of GBP4.2 million. Unveils new medium-term targets of GBP50 million turnover and GBP5 million Ebitda. Notes progress in three growth areas: Middle East expansion, entertainment TV formats, and monetisation of owned IP. Says it expects to double turnover in the coming years. CEO Mark Browning says: "The group has delivered excellent results through the first half, and we remain confident in our ability to continue to grow revenues, and operating profit over the coming years. We are outperforming in all our markets and have a clear strategy for the years ahead. Our first-half performance is the best since we introduced the transformation plan in 2020."
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Ascent Resources PLC - oil and gas exploration and production with principle assets in Slovenia and the US - Says five wells in Utah and Colorado have been returned to production with strong flow rates of around 58 barrels of oil equivalent per day, while a further four are under maintenance. Focuses on safely resuming production at Locin Oil assets in the coming weeks. Expects to take direct lease interests from Arb Energy and Locin Oil over the next 12 months. Issues 215.3 million shares, including 89.6 million to Locin, 111.9 million to Arb, and 13.8 million to executives and directors in exchange for reduced cash pay. Says board members David Bullion and Edouard Etienvre take part in the equity issue.
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Afentra PLC - upstream operator in Africa with carried interest in Odewayne block onshore in southwestern Somaliland - Reports gross average production of 21,350 barrels per day in the first half of 2025, with net output of 6,348 bopd. Sells 700,000 barrels at USD72 per barrel for USD52.0 million in first-half revenue. Completes a third lifting post-period, adding USD35.4 million in revenue and moving to net cash of USD19.9 million from net debt of USD15.5 million at June-end. Signs agreement to acquire additional interests in blocks 3/05 and 3/05A from Etu Energias and secures new licences in Angola's onshore Kwanza Basin. Sets medium-term strategy focused on redevelopment, reserve growth, and production expansion.
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By Eva Castanedo, Alliance News reporter
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