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The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: ---------- Tortilla Mexican Grill PLC - London-based fast-casual Mexican restaurant group - Revenue rises to £35.4 million in the half year to June 29 from £31.5 million a year prior, with UK like-for-like growth of 5.0%. LFL growth slows, however, in Q2 to 4.2% from 5.9% in Q1. The franchise network performs strongly with H1 LFL revenue growth of 13% for the UK and 17% for the UAE. Weekly sales records were achieved in 13 locations across these markets, company says. Adjusted earnings before interest, tax, depreciation and amortisation is £1.2 million, including a £2.4 million gain in the UK, up 33% on-year. The French business contributes a loss of £1.2 million. Expects FY 2025 results to be in line with market expectations. ---------- Unicorn Mineral Resources PLC - mineral exploration company - Pretax loss widens to €628,605 in the financial year to March 31 from €504,887 a year prior. Cash balance at March 31 is €586,898, down from €642,778 a year ago. At August 5, the company had cash of €474,157. During the year, the company continued to review and develop its mineral projects in Ireland with exploration costs of €55,016 being incurred in relation to the two gravity surveys carried out in the year. ---------- Immupharma PLC - London-based specialist drug discovery and development company says its pretax loss widened to £1.9 million in the six months that ended June 30, from a £594,767 million loss a year prior. This is primarily due to research and development expenses rising 46% to £690,021 from £473,521, and administrative expenses nearly doubling to £490,676 from £258,023. ‘At an operational level, we have maintained a strong focus on rigorous cost control measures and strategic outsourcing to minimise fixed overheads, while advancing our research and development efforts,’ says Chief Executive Officer & Chair Tim McCarthy. ‘These initiatives are aligned with our preparation for upcoming patent filings this year. Furthermore, we strengthened the balance sheet and extended our cash runway through the successful completion of an oversubscribed placing in February 2025.’ The firm adds it remains focused on bringing its two key late-stage clinical assets, P140 for systemic lupus erythematosus and chronic inflammatory demyelinating polyneuropathy, closer to the market, and on securing further partnership deals for P140 together with its earlier stage assets. ---------- MTI Wireless Edge Ltd - Rosh Haayin, Israel-based technology company which manufactures antennas for military and commercial use - Subsidiary, PSK Wind Technologies Ltd secures three contracts from existing local customers for the delivery of defence services and equipment, collectively worth $1.4 million. Says 75% of the value of these orders will be delivered in 2025 and the remainder over the period from 2026 to 2027. Chief Executive Moni Borovitz comments: ‘We are very pleased to have received these orders which mean PSK’s revenue in the first half of the year together with existing backlog for 2025 is now ahead of internal budgets for the current year. Furthermore, we have good visibility on a pipeline of upcoming tenders for PSK which will ensure the business is well-placed for sustained growth over the medium to long-term.’ ---------- Physiomics PLC - Oxfordshire, England-based mathematical modelling company focused on aiding development of new therapeutics - Announces the award of a second contract by a UK-based biotech client following the successful completion of a previous project with the same company, which was announced in June 2024 and fell into the company’s Modelling and Simulation division. Under the new contract, Physiomics will update a model previously developed for the client, incorporating clinical data from their ongoing Phase 1 study. The project will leverage Physiomics’ proprietary Virtual Tumour platform and is expected to be completed over the next two months. The project is valued at around £38,000. ---------- abrdn European Logistics Income PLC - investment trust, which buys and sells European warehouse properties - Sells its warehouse in Zeewolde, the Netherlands, for around €27.2 million, a 2.5% discount to the first quarter valuation. The freehold property comprises 35,351 square metres of net leasable area and is let on a long-term lease. The sale further progresses the shareholder-approved managed wind-down, with 17 of the original 27 assets in the company’s portfolio now sold, generating proceeds of over €320 million, prior to the repayment of associated debt. Of the 10 remaining assets, three disposals are anticipated to complete in Q4 2025. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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