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EARNINGS: Carclo swings to annual profit; t42 hails ‘step-change’

ALN

The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News:

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Carclo PLC - Mitcham, London-based provider of precision components - Reports revenue decline but swing to profit in year ended March 31. Carclo swings to a pretax profit of £2.7 million from a loss of £3.9 million 12 months prior. Revenue falls 8.6% to £121.2 million from £132.7 million, but Carclo says the swing to profit is ‘driven by manufacturing process optimisation, increased asset utilisation and efficiency, with improved customer pricing’. ‘The success of the strategic actions taken in recent years to turn the business around are bearing fruit and their success is evident in the improved operational and financial performance reported for FY25. The board expects the group to continue this positive trajectory through FY26 with continued margin expansion and positive cash generation, notwithstanding an increasingly complex global backdrop,’ it says.

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t42 IoT Tracking Solutions PLC - Jersey-based provider of real-time tracking solutions for the freight market - T4T makes a pretax loss of £891,000 for the six months to June 30, narrowed from £1.4 million a year prior. Revenue rises 12% to £2.3 million from £2.0 million a year prior. ‘The first half of 2025 has marked a genuine step-change for the company, with commercial, operational, and financial achievements that strengthen our position as a leading provider of supply chain monitoring and security solutions worldwide,’ the firm says. ‘We close the first half of 2025 with strong momentum - supported by major contracts, improved liquidity, an expanded product range approaching commercial launch, and a growing global demand for our solutions.’

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Bigblu Broadband PLC - London-based firm focused on bringing broadband connectivity to regional, rural and remote households - Pretax loss in six months to May 31 narrows to £850,000 from £1.3 million a year prior. Revenue improves to £327,000 from £249,000 and costs are cut. ‘We continued to reduce cash outflows with further rationalisations of group’s overheads to ensure the costs of the group were proportionate to the revised size of the group. Overall performance of the group is in line with the board’s expectations for the period as we focus on delivering further realisations from the group’s outstanding interests and distributing value to shareholders,’ Chief Executive Officer Frank Waters says.

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Atome PLC - developer of green fertiliser projects with flagship asset in Paraguay - Pretax loss in six months to June 30 largely unchanged at $2.5 million. Reports no revenue, unchanged from a year prior. Atome says it continues to make progress at its Villeta project in Paraguay. ‘The Villeta project is expected be the largest low-carbon fertiliser production facility in the world when it comes on stream. With news of signing the definitive offtake agreement with Yara, constitution of the project equity club and of the multilateral lenders in the project financing expected in the coming weeks, we will then be well set to navigate our course for FID and commencement of construction by the end of the year,’ CEO Olivier Mussat says. During the half-year, clean hydrogen infrastructure fund Hy24 became the ‘anchor and lead equity investor for the Villeta project’, Atome adds.

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Alba Mineral Resources PLC - Northern Europe-focused mineral explorer - Pretax loss in half-year ended May 31 stretches slightly to £761,000 from £639,000. A £372,000 loss on dilution of an investment in an associate drives the wider loss. No revenue is reported, unchanged on-year. Alba’s assets include the Clogau-St David’s gold mine in Wales. ‘At Clogau, we anticipate the resumption of our next blasting phase as quickly as possible and to progressing the processing and refining of the ore recovered,’ Alba adds.

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GreenRoc Strategic Materials PLC - Greenland-focused critical mineral project developer - Pretax loss in six months to May 31 widens slightly to £432,000 from £399,000 a year prior. No revenue is reported, unchanged from prior year. ‘The EU’s designation of Amitsoq as a ’strategic project’ under the critical raw materials act, combined with invitations to present at high-level raw materials summits, highlights GreenRoc’s central role in securing a stable and sustainable graphite supply chain,’ it adds.

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