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The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: ---------- AdvancedAdvT Ltd - London-based owner of software for business solutions, healthcare compliance, and human capital management businesses that were formerly part of Capita PLC - Reports pretax profit of £11.3 million for the year ended February 28, up from £5.2 million a year earlier, as revenue more than doubles to £43.3 million from £21.1 million. Recurring revenue contributes 80% of the total, reflecting the strength and stickiness of its client base. Cost of sales rose to £15.6 million from £8.3 million. The company attributes growth to improved go-to-market execution, strong momentum in contract renewals, and three acquisitions: intelligent automation platform inSTREAM in July 2024, followed by workforce SaaS provider HFX Ltd and digital transformation firm GOSS Technology Group Ltd after the year-end. Closes the year with £88.5 million in cash. Executive Chair Vin Murria says performance is driven by ‘positive momentum from customers embracing the benefits of digital transformation and choosing us to support their strategic delivery.’ ---------- Zephyr Energy PLC - Rocky Mountain region-focused oil and gas company that aims for responsible resource development and carbon-neutral operations - Reports widened pretax loss of $20.0 million for 2024, from $5.1 million a year earlier, reflecting a $14.5 million impairment charge on property and equipment tied to lower year-end commodity prices. Revenue slips slightly to $24.3 million from $25.2 million. Adjusted earnings before interest, tax, depreciation and amortisation total $10.9 million, compared with $11.8 million in 2023. Gross profit remains flat at $7.2 million. A recent production test at the Paradox State 36-2R well delivered a peak flow rate of 2,848 barrels of oil equivalent per day, positioning the well among the top 6% of US gas wells and confirming the potential for significant recoverable resources. Chair Rick Grant says the company is ‘on the cusp of realising’ the Paradox project‘s substantial scale and looks forward to ‘the coming months with confidence.’ Zephyr also eyes material growth at Williston, supported by a new $100 million funding partnership and a planned $7.3 million acquisition expected to add 400 boepd and $4 million in operating income. The company recently raised £10.5 million in a placing and director subscription to support growth, including £700,000 from directors and management, pending shareholder approval at a general meeting in July. Chief Executive Colin Harrington, Chair Rick Grant, and other board members participated in the fundraise. ---------- Chariot Ltd - London-based, African-focused company working on wind power, green hydrogen, and gas projects in Morocco and Mauritania - Posts widened pretax loss of $22.3 million in 2024 from $15.6 million the year before, despite revenue rising to $162,000 from $80,000. Loss reflects impairments, development costs and share-based payments. Confirms plans to demerge its Upstream Oil & Gas and Renewable Power divisions into two standalone businesses to ‘unlock and realise the full value’ of its asset base. Chief Executive Officer Adonis Pouroulis says: ‘We will now evolve again into two distinct businesses... and look to release unrecognised value that is sitting within the group.’ Highlights progress across Morocco gas licences, including a discovery at OBA-1 onshore and re-taking operatorship at Anchois offshore. Etana Energy power trading arm secured $155 million financing and $20 million equity from Norfund. Green hydrogen feasibility study in Mauritania confirms 10GW potential. Raised $7.1 million gross in June to support continued growth. ---------- Tiger Royalties & Investments PLC - London-based investor in ‘utility’ meme coins and natural resources - Posts pretax loss of £390,579 in 2024, narrowing slightly from £403,242 a year earlier. Net asset value per share improves to 0.04p from 0.02p. Highlights transformation into a tech-first incubator via subsidiary Bixby Technology, with launch of AI-native VC agent AROK and subnet Tiger Alpha on the Bittensor network generating over $7,000 in daily revenue. On Monday, launches second subnet ’Beta’ following strong demand. Notes Bittensor’s closure to new subnet registrations enhances scarcity value of its assets. Chair Colin Bird calls the shift a ‘bold reorientation’ toward the convergence of AI and decentralised finance. Tiger retains legacy resource holdings but says its strategic focus is now firmly on innovation and disruption. ---------- Coro Energy PLC - South East Asian energy company with a natural gas and clean energy portfolio - Reports widened pretax loss of $21.4 million in 2024, from $5.0 million in 2023, largely due to a $18.9 million impairment charge. Revenue rises to $297,000 from $235,000. Loss reflects pivot away from legacy oil & gas assets. Highlights major strategic transformation: exits Indonesian Duyung gas project post year-end and completes full balance sheet recapitalisation, including £2.1 million equity raise and bond restructuring. Now debt-free. Operational solar portfolio with Mobile World Group in Vietnam reaches 3.4 megawatts, adds 0.8MW post year-end and expects further 6MW contract shortly. Cites annualised cash flow of $720,000 from 6.4MW solar assets. In Philippines, developing 80MW solar plant and progressing two 100MW wind projects on Cebu Island. ---------- Bezant Resources PLC - copper and gold exploration company with projects in Africa, South America and the Philippines - Narrows pretax loss to £1.0 million in 2024 from £6.1 million in 2023. Records no revenue for the year. Loss reduction reflects absence of prior-year impairments. Highlights significant operational progress at Hope & Gorob copper-gold project in Namibia, including the award of a 15-year mining licence in June 2025. Says mine development planning is now ‘implementation based,’ with negotiations under way on infrastructure to reduce upfront capex. Large-scale ore sorting trials deliver strong results, with feed grade exceeding 2.8% copper. Confident production will commence against resilient copper and gold prices. Sees potential annual output of 7,000 tonnes of copper equivalent from six years of open-pit mining, with longer-term underground potential. Elsewhere, completes sale of IDM International interest to Blackstone Minerals for shares valued at around £5.8 million, exceeding current market cap. Disposes of Argentina Eureka asset and exits Zambia PCB Mining project to focus resources on Southern Africa. ---------- Mercantile Ports & Logistics Ltd - India-focused developer of a port and logistics facility - Narrows pretax loss to £18.7 million in 2024 from £21.3 million in 2023, despite revenue falling to £4.4 million from £5.5 million. Cites headwinds from regional elections, regulatory delays, and lender negotiations, which affected throughput and contract momentum. Says full-year cargo volumes rose to 1.5 million metric tonnes from 1.3 million in 2023. Highlights progress on refinancing efforts and operational enhancements, including ISPS certification and customs alignment with India’s largest container terminal. Expects container handling to commence in H2 2025. Confident refinancing will unlock next growth phase, with rising infrastructure demand and container traffic in western India supporting long-term expansion. Chair says the company is ‘now at an advanced stage of negotiations with lenders’ and poised to ‘fully capitalise on operational readiness.’ ---------- Versarien PLC - Gloucestershire, England-based advanced materials engineering group - Narrows interim loss before tax to £1.5 million for six months to 31 March 2025 from £1.6 million year-on-year, with revenue rising to £1.5 million from £1.3 million. Adjusted loss before interest, tax, depreciation and amortisation widens slightly to £773,000 from £673,000. Ends March with £850,000 in cash, up from £150,000 at September-end, but warns current free cash may not cover liabilities beyond early August without additional funds or restructuring. Strategic investment talks delayed by regulatory clearances; company no longer expects earnings before interest, tax, depreciation and amortisation to break-even by year-end. Reviewing group structure to cut costs, including plans to sell UK tech assets and wind down Korean unit. Signs graphene supply deal with Montana Quimica, delivers 6 tonnes to Flux Footwear, and sees commercial pipeline rise to £2.1 million. CEO Stephen Hodge says focus remains on monetising intellectual property ‘including our know-how, by being a manufacturing-light operation that licences Versarien’s technology and brands as commercial traction for graphene develops’. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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