The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- M Winkworth PLC - London-based franchisor of real estate agencies - Pretax profit in the six months to June 30 falls 19% to £825,000 from £1.0 million a year prior, while revenue rises 1.1% to £5.2 million from £5.1 million. Administrative expenses rise 12% to £3.7 million from £3.3 million. ‘We are delighted with our performance in sales in H1 2025 and the solid contribution from lettings, where management fees are making an increasingly important contribution. Net cash generated by the business nearly doubled compared to the first half of 2024, and we have continued to invest in our franchisees, while supporting them through new marketing initiatives,’ CEO Dominic Agace says. M Winkworth lifts its interim dividend to 6.6p per share from 6.0p. Looking ahead, it says: ‘After the strong uplift in Q1 completions ahead of the stamp duty holiday in April 2025, activity slowed in Q2, but we have since seen renewed interest from sales applicants over the summer, up by around 10% year-on-year. This provides encouragement for a busier autumn market, albeit that the autumn statement will inevitably be a cause of uncertainty.’ ---------- Hercules PLC - Cirencester, England-based labour supply company for the UK infrastructure and construction sectors - It has won ‘major’ contracts in the UK water sector. The new deals, within Thames Water, Severn Trent Water and Anglian Water regions, are worth £6.5 million in total. ‘The award of these contracts from Galliford Try, Costain, Tilbury Douglas, MWH Treatment, Glanua and Thames Water demonstrates the strength of Hercules’ position within the UK water sector as a trusted delivery partner,’ it adds. ---------- Mycelx Technologies Corp - Georgia, US-based clean water and air technology firm - Posts weaker half-year earnings amid delays to revenue recognition from a Nigeria project. Pretax loss in the first half of 2025 widens to $1.9 million from $1.3 million. Revenue halves to $1.7 million from $3.5 million. ‘Revenue recognition from the Nigeria project was delayed due to on-site timing, shifting approximately $5.5 million of project revenue into the second half of the year. As a result, the second half is expected to be substantially stronger, driven by revenue from the Nigeria REGEN and Middle East EOR projects, increased recurring media sales, PFAS project revenue, and another equipment sale,’ Mycelx adds. ---------- Nexteq PLC - Cambridge, England-based technology solutions provider to customers in selected industrial markets - Nexteq’s Quixant brand enters the Brazil market with a ‘first mass production purchase order from a Brazilian state video lottery operator’. ‘This follows the group’s launch of a specifically engineered solution developed in anticipation of this new and rapidly emerging market opportunity, utilising the group’s market leading computer engineering capabilities,’ Nexteq says. ‘The Brazilian gaming market, of which the state lottery forms a sub-set, represents a strategically significant opportunity for the group, and this landmark purchase order is the first step in developing a series of opportunities through its innovative and market specific product range.’ ---------- Facilities by ADF PLC - serviced production facilities for the film and television industry - Pretax loss in first six months of 2025 widens to £2.0 million from £796,000 a year prior. Revenue improves 14% to £17.4 million from £15.2 million. Profit is hit by ‘increased costs, partly due to higher employer national insurance contributions and the increased national living wage which impacted both payroll and agency costs’. Facilities by ADF reduces its interim dividend to 0.3p per share from 0.5p. ‘Momentum has grown into H2-FY25, and the overall trend indicates a return to more stable operating patterns as production schedules begin to normalise, and pipelines recover. Whilst the timing and budgets for projects continue to be uncertain, and activity levels will be weighted to the second half, the board currently expects that performance for the full year will be in line with market expectations,’ the firm adds. Revenue in the eight months to August 31 amounts to £25.7 million. ---------- Symphony International Holdings Ltd - Asia-focused investment company focusing on the healthcare, hospitality, lifestyle, logistics and education sectors - Net asset value per share at June 30 half-year end rises to $0.88 from $0.74 a year prior and up from $0.85 from December. ‘The change in NAV from 31 December 2024 to 30 June 2025 is due to an increase in the value of unlisted investments and follow-on investments made during the same period that were partially offset by a decrease in value of listed securities and general operating expenses,’ it says. ---------- AVI Japan Opportunity Trust PLC - focused on small and mid-cap listed companies in Japan - Net asset value per share at June 30 half-year end increases 24% to 172.3 pence per share from 139.4p a year prior. The NAV total return for the period is 12%, beating the MSCI Japan Small-Cap Index which returns 6.5%. AVI Japan lifts its ordinary dividend to 1.6p per share from 1.0p, in addition, there is a 0.6p per share special dividend. ---------- Mila Resources PLC - mining company with exploration sites in Western Australia - A drill rig has now been mobilised at the Yarrol gold project in Queensland, Australia. It is for a phase two drilling campaign at Yarrol. ‘The campaign is broken up into two parts; comprising a 1,600m diamond drilling campaign to provide detailed structural data on the controls of mineralisation, followed by a 3,000m reverse circulation programme to both infill and extend the tested mineralisation footprint,’ Mila explains. In addition, Chris Spurway is named country manager, ‘strengthening the Queensland team’. Spurway has previously worked at EMX Royalty Corp, where he was responsible for projects within Australia. ---------- GSTechnologies Ltd - Perth, Australia-based fintech company - Currently holds 8.8 bitcoin in its treasury, bought at an average of $113,593 each, $999,618 in total. Total value of bitcoin holding is currently at $1.0 million. ‘Further bitcoin will be added to the company’s treasury at strategic intervals, and in a phased approach, when market pricing provides appropriate opportunities,’ GSTechnologies says. ---------- Centaur Media PLC - London-based business consultancy group - Centaur’s pretax loss in the first six months of 2025 widens to £1.8 million from £227,000, while revenue declines to £11.1 million from £11.9 million. ‘During the first half of 2025 we have made significant progress on implementing our strategic review to enhance the reputation of the brands within Centaur and maximise shareholder value, while remaining our customers’ partner of choice for business intelligence, learning and specialist consultancy in the marketing and legal sectors.’ CEO Martin Rowland says. Centaur maintains its interim dividend at 0.6p per share. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
|