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The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: ---------- Gem Diamonds Ltd - Lesotho-focused diamond miner - Gem Diamonds reports it has ‘not been immune to the sustained pressure on rough diamond prices’. Gem swings to a pretax loss of $20.0 million in the six months to June 30, from $10.5 million profit a year prior. Revenue declines 42% to $45.4 million from $78.0 million. The firm says: ‘Diamonds has implemented decisive measures to conserve cash and protect shareholder value in response to the prolonged weakness in global diamond prices, compounded by a weak US dollar and ongoing US tariff uncertainties. While the company has met its production targets in H1 2025, it has not been immune to the sustained pressure on rough diamond prices. Key short-term cashflow optimisation measures implemented include the short-term reduction of waste and access to additional Satellite Pipe ore to be treated, workforce rationalisation due to the scaled-back activities and a reduction in corporate costs.’ ---------- Brooks Macdonald Group PLC - London-based wealth manager - Total funds under management and advice increase 17% on-year to £19.2 billion at its June 30 financial year end, from £16.4 billion. Annual net outflows amount to £400 million ‘with a marked improvement in the second half of the financial year’. Second half net outflows amount to £100 million easing from £300 million in the first half. Revenue increases 4.6% to £111.6 million from £106.7 million the year prior. Pretax profit, however, decreases 29% to £17.5 million from £24.6 million. Total underlying costs rise to £85.2 million from £78.8 million. Brooks Macdonald lifts its dividend by 3.8% to 81.0 pence from 78.0p. ---------- abrdn UK Smaller Cos Growth Trust PLC - invests in UK-quoted smaller companies - Net asset value per share at June 30 financial year end rises 4.5% to 581.37 pence from 556.19p 12 months earlier. abrdn UK Smaller lifts its total dividend by 10% to 13.20p from 12.00p. Its net asset total return for the year is 6.8%, easing from 18% in financial 2024 and lagging the Deutsche Numis Smaller Companies plus AIM (ex investment companies) Index which returns 7.8%. ‘Having outperformed the reference index at the half year stage, the second half of the year proved more challenging for the company,’ the firm says. The company is proposing a name change to Aberdeen UK Smaller Co Growth Trust PLC, echoing the name change of its manager Aberdeen Group PLC. ‘If approved, the change of the name will be effected as soon as possible after the AGM,’ it adds. ---------- Sancus Lending Group Ltd - London-based alternative financial services provider - It swings to a pretax profit of £134,000 in the six months to June 30, from a loss of £612,000. Revenue improves 29% to £9.7 million from £7.5 million. ‘The group has had an encouraging start to 2025 in what remains, especially in the UK and Channel Islands, a somewhat challenging market environment. In the first half of the year our residential lending businesses in the UK and Ireland, along with our Channel Islands property lending joint venture, have all made further progress in strengthening their market positions and operating platforms,’ CEO Rory Mepham commented. New loan facilities written increased 64% to £84.4 million. Assets under management amount to £258.8 million at June 30, from £237.6 million at the end of December. ---------- Tern PLC - internet-of-things focused investor - Pretax loss in six months to June 30 narrows to £959,000 from £2.7 million a year prior. Hit from movement in fair value of investments reduces on-year to £434,000 from £2.0 million a year earlier. ‘The first half of 2025 has been a period of both progress and adjustment for Tern,’ it says. ‘While portfolio valuations were primarily affected by foreign currency movements, we were pleased to invest 60% of funds raised in the Period into our portfolio to meet ongoing commitments and to complete our first new investment in three years, made possible through the continued support of our shareholders.’ ---------- Eurocell PLC - manufacturer, recycler and distributor of window, door and roofline PVC products - Pretax profit in first half of 2025 halves to £3.8 million from £7.6 million, but revenue climbs 10% to £193.2 million from £175.7 million. Overheads increase 7.0% to £75.3 million from £70.4 million. Non-underlying items total £4.0 million, including strategic IT project costs of £2.2 million and restructuring expenses of £1.4 million. Non-underlying items only totalled £400,000 a year prior. ‘Our first half financial performance was resilient, in the context of trading conditions that remain subdued. We delivered an increase of 9% in adjusted operating profit despite lower organic volumes, thanks to a strong contribution from Alunet and effective cost control. Our cash generation was solid and our financial position remains strong,’ Chief Executive Darren Waters says. ‘While demand in our core repair, maintenance and improvement market remains sluggish, we have seen some modest early signs of an improving picture in new build housing, albeit from a very low base.’ ---------- Newmark Security PLC - London-based designer and manufacturer of specialist products and services that ensure safe and secure workplaces - Pretax profit in year ended April 30 rises by roughly two-thirds to £643,000 from £388,000. Revenue improves 3.4% to £23.0 million from £22.3 million. The company says it has made a ‘good start’ to the new year. ‘With a robust pipeline, proven execution, and a clear five-year technology roadmap, we are confident in meeting our targets for the coming year and delivering sustained value for shareholders,’ Chair Maurice Dwek says. ---------- Fusion Antibodies PLC - Belfast-based contract researcher that provides discovery, design and optimisation services for therapeutic antibodies - Pretax loss in year ended March 31 narrows to £1.8 million from £2.3 million, as revenue improves to £2.0 million from £1.1 million. ‘We were very pleased to deliver an improved FY2025. We made significant progress in improving revenues and in Fusion’s strategic development in key new markets such as Diagnostics which has reduced our exposure to the more volatile VC funded biotech sector. We also announced large contract wins in May 2024 and again in February 2025, the latter being the source of three further contract wins announced on 27 August 2025,’ CEO Adrian Kinkaid says. ‘We are increasingly positive about the improved position of the company, and we look forward to realising the true potential of the business going forward. Lastly, we are always grateful to our dedicated shareholders for their constant support.’ ---------- Jersey Oil & Gas PLC - upstream oil and gas company focused on the UK Continental Shelf - Pretax loss in six months to June 30 narrows to £697,258 from £2.6 million a year prior. Administrative expenses fall to £938,553 from £2.8 million a year earlier. No revenue is reported, unchanged on-year. ‘Against a challenging backdrop where the North Sea oil and gas industry has been unnecessarily damaged by the 78% EPL tax rate, we have positioned the company to withstand the on-going fiscal and regulatory uncertainty by halving the cost base and maintaining a strong cash position,’ CEO Andrew Benitz says. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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