The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News:
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itim Group PLC - retail software solutions provider - Reports revenue of £8.0 million for six months to June 30, down from £8.8 million a year before. Pretax loss widens to £707,000 from £73,000. Basic loss per share 1.60 pence compared with 0.27p. Net cash is £1.8 million at June 30, down from £3.0 million a year earlier. Adjusted earnings before interest, tax, depreciation, and amortisation falls to £400,000 from £1.2 million. Says pipeline of opportunities remains strong but notes delays to project commitments amid fragile consumer confidence and rising costs in retail. Outlook for crucial Christmas trading period described as ‘uncertain’.
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Ceiba Investments Ltd - investment firm dedicated to investing in Cuba, with interests in the commercial and tourism real estate sectors - Reports swing to pretax loss of $4.3 million in the six months to June 30 from profit of $8.3 million a year earlier, as it records no gains in fair value of financial assets compared with $6.6 million in the prior year. Net asset value per share falls to 91 US cents at June 30 from 94 cents at December 31. Net assets fall 3.3% to $125.7 million from $130.0 million. Chair John Herring warns that Cuba faces ‘ongoing US sanctions, significantly impaired electrical and other essential infrastructure, a lack of provision of basic goods and services to the population, and inflationary and other economic challenges’. Says Cuba’s outlook for 2025 and 2026 is negative, with ‘retreating GDP, double-digit inflation’ and ‘extremely tense’ US relations.
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Union Jack Oil PLC - UK and US focused onshore hydrocarbon, production, development, exploration firm - Swings to pretax loss of £521,685 in six months to June 30 from profit of £683,644 a year earlier, as revenue falls to £1.3 million from £2.3 million. Net assets down to £21.4 million from £22.3 million. Executive Chair David Bramhill says results are ‘operationally positive with the Company remaining in a strong position, free of debt, retaining a robust balance sheet and holding a balanced portfolio of production assets on both sides of the Atlantic.’ Notes lower revenue reflects ‘a sharp decline in the oil price and a continuing downward trend in the value of the US dollar against Sterling.’ Reports average production of 149 barrels of oil equivalent per day in the half, down from 198 a year earlier, but says production has since increased to about 164 boepd.
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Acceler8 Ventures PLC - acquisition vehicle - Pretax loss narrows to £71,000 in six months to June 30 from £83,000 a year earlier, reflecting lower administrative expenses of £70,997 from £83,033. Basic and diluted loss per share £0.09, narrowing from £0.11. Says it ‘continued to pursue its investment and acquisition strategy’ and is ‘currently assessing opportunities within its chosen sectors of interest.’ Post period-end, raises £400,000 via convertible loan notes to support its inaugural transaction. Cash balance £300,000 as of September 18, up from £1,399 at June 30.
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Bay Capital PLC - Jersey-based investor in industrial, construction and business services sectors - Pretax loss narrows to £129,475 in six months to June 30 from £283,896 a year before, as administrative costs fall to £139,367 from £304,310. Basic and diluted loss per share 0.2 pence, improved from 0.4p. Cash balance £4.5 million at June 30, compared with £4.7 million at year-end. Says it ‘continued to pursue its investment and acquisition strategy’ and is ‘currently assessing potential transactions across a number of sectors.’
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Red Capital PLC - Jersey-based acquisition company - Pretax loss narrows to £99,548 in six months to June 30 from £110,517 a year prior, as administrative expenses ease to £99,802 from £111,803. Basic and diluted loss per share steady at 0.01 pence. Cash balance £40,765 at June 30, down from £160,427 at December 31. Says it ‘continued to pursue its investment and acquisition strategy’ and is assessing opportunities within chosen sectors.
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East Star Resources PLC - Kazakhstan-focused copper explorer and resource developer - Swings to pretax loss of £756,000 in six months to June 30 from £9,000 profit a year prior, reflecting higher admin costs and foreign exchange losses, against other income in the comparative period. Basic and diluted loss per share 0.19 pence, versus 0.004 pence earnings. Cash and cash equivalents £737,000 at June 30, up from £411,000 a year earlier. Says first half ‘characterised by technical progress across exploration strategies’ and focus for second half is on delivering results from drill programmes at Rulikha, Talovskoye and Verkhuba.
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Lexington Gold Ltd - gold explorer, with assets in the US and South Africa - Reports pretax loss of $357,000 for six months to June 30, widened from $276,000 a year before, as operating costs rise to $465,000 from $416,000. Basic and diluted loss per share 0.03 US cents, compared with 0.02 cents. Cash at period-end $700,000, down from $900,000 at December 31. Says period marked by operational progress, including maiden JORC exploration target at Bothaville, commencement of drilling at Jennings-Pioneer, and Section 11 approval for White Rivers Exploration acquisition. Notes gold price hit record highs in September, enhancing asset potential.
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