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The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: ---------- Firering Strategic Minerals PLC - Zambia and Ivory Coast-focused mining company - Says it remains focused on scaling up production at its Zambian quicklime operation Limeco Resources Ltd, aiming for output of between 600 and 800 tonnes of quicklime per day. Notes that first production from Kiln 1 was achieved in the first quarter, as announced in February, and was re-fired in August after being taken offline in July. Kiln 1 has stabilised at production of approximately 45 to 50 tonnes of kiln material per day, and feedstock has been drawn from a stockpile exceeding 150,000/tonnes. Says refurbishment work on Kiln 2 is underway ‘with final equipment being shipped from India and hot commissioning on track over the coming months’. Adds that Limeco’s commercial pipeline continues to strengthen with buyers in all product categories and sufficient demand to support bringing the plant’s other six kilns online, and that it has appointed an in-house salesperson with extensive experience on quicklime in Zambia. ‘Looking ahead and having secured a mining licence for its Tier/1 limestone deposit, Limeco plans to commence mining during Q4 2026,’ Firering says. ---------- EJF Investments Ltd - invests in debt issued by smaller US banks and insurance companies, participating in income streams of EJF Capital LLC - Announces that on Thursday it invested in the CDO Equity Tranche of EJF Capital-sponsored securitisation TruPS Financials Note Securitization 2025-2, via its sibsidiary. ‘This represents the twelfth risk retention investment made by the company since its inception in 2017 and the second such investment of 2025,’ EJFI says. Total investment was approximately $18.9 million, or around 15% of its latest reported net asset value. EJFI funded the investment with $12.8 million in proceeds from its investment in the CDO Equity Tranche of TFINS 2019-1; $2 million of proceeds from the redemption at par of its mezzanine debt investment in TFINS 2019-1; and $4.1 million in additional cash. Believes the TFINS 2025-1 investment will generate an approximate 18% yield to maturity. Says TFINS 2025-1 has a final maturity date in 2039 and is callable after July 2027, and a mandatory auction call will start after July 2032. ---------- Pennant International Group PLC - Cheltenham, England-based, defence sector-focused provider of systems support, technical services and training - Raises gross proceeds of £929,531 from now-closed subscription announced on Tuesday, issuing 4.3 million shares at 21.5 pence each pursuant to the ‘Firm Tranche’. Says it is no longer seeking to issue further shares pursuant to the previously announced ‘Conditional Tranche’, following shareholder consultation. Final allocations comprise 3.7 million shares to be issued to subscription underwriter Brett Gordon, and 650,000 to Rockwood Strategic PLC. Pennant will apply the net proceeds to in the immediate term reduce its overdraft as planned, and to support continued investment in its system support software Auxilium through strengthening its balance sheet. Also says it has ‘indications of support from certain shareholders’ for a shareholder loan to replace the conditional tranche, were this later thought necessary. ---------- Power Metal Resources PLC - metals explorer with projects in North America, Africa, Saudi Arabia and Australia - Announces proposed normal course reduction of capital to make sure it has sufficient distributable reserves to return capital to shareholders. ‘The company recognises the importance of providing returns for the company’s investors and considers it highly desirable that the company has the maximum flexibility to return value to shareholders via a distribution of reserves,’ Power Metal says. It will seek shareholder approval to cancel the entire amount standing to the credit of its share premium account, effective from receiving the relevant court order. Says the amount cancelled will then be credited to its distributable reserves. This, Power Metal says, will improve its distributable reserves position and provide flexibility to support actions like share buybacks and dividend payments. ---------- Pulsar Helium Inc - White Rock, Canada-based helium developer - Confirms sustained helium concentrations of 7% to 8% in the gas stream of the Jetstream #1 appraisal well at its flagship Topaz helium project in Minnesota, and therefore ‘a robust helium-rich reservoir’. Says this ‘comfortably exceeds typical commercial thresholds ([around] 0.3% helium) and validates Jetstream #1’s primary helium production potential’. Also says the Jetstream #2 well found similarly high helium concentrations of up to 8% in initial samples and strong initial shut-in pressure, indicating ‘a highly charged reservoir with excellent pressure support’. Adds however that sustained flow from #2 was limited during the testing, ‘due to persistent wellbore blockages’, and is planning a cleanout. After this, it ‘is optimistic that...#2 will demonstrate flow rates and deliverability in line with its high helium grades and pressure’. Says Jetstream #1 delivered a maximum natural flow rate of approximately 501,000 cubic feet per day and demonstrated stable long-duration flows, producing 150,000 to 300,000 cf/d for 12 to 18-hour periods on smaller choke sizes. Also says #1’s ‘clean flow’ confirms that the project’s helium has no water or hydrocarbons, which simplifies future production. ‘The high helium concentration and low impurities underscore that Topaz is a rare primary helium source...and bodes well for efficient helium purification and liquefaction,’ Pulsar says. ---------- Celtic PLC - Glasgow, Scotland-based football club - Says group revenue for the year ended June 30 increased 15% to £143.6 million from £124.6 million the year before. Pretax profit multiplied to £45.7 million from £17.8 million. Gains from player trading surged to £31.5 million from £6.6 million. ‘These gains were largely reinvested into the playing squad, aligned to the Club’s commitment to sustained on-field success,’ says Chair Peter Lawwell. Celtic’s total investment in player registrations for the last three years to June 30 comes to £77.5 million, including committed agent fees. ‘The board shares the ambition of our supporters to see the strongest possible team on the pitch and will continue to balance short-term performance with long-term financial stability, and we must factor in the long-term implications of all decisions made today, Lawwell says. ’This strategy is vital to Celtic and has been pivotal to our success over the last 20 years.‘ Notes that the men’s team won the Scottish premiership for the fourth time in a row, won the Premier Sports Cup and reached the final of the Scottish cup. Women’s team reached the ’historic milestone‘ of debuting in the UEFA Women’s Champions League and finished fourth in the domestic league. ---------- Life Science REIT PLC - real estate investment trust focused on UK life sciences properties - Concludes, following the conclusion of its strategic review, that a managed wind-down would be in shareholders’ best interests. Says it conducted a detailed assessment of the probable return this would deliver, and in parallel received multiple non-binding offers for it and/or its assets, leading to ’a period of extensive negotiation between the parties over a number of months‘. Says the board determined that the indicative potential value from the wind-down would be materially more than the value available from the indicative offers, saying the latter represented material discounts to NAV. Says the wind-down also provides an opportunity ’capture the value associated with further asset management initiatives and potential additional letting activity ahead of disposals‘. Realisations under the wind-down may be disposals of single assets, groups of assets or the portfolio as a whole, the trust adds. ---------- Genflow Biosciences PLC - London-based biotechnology firm, with research facilities in Belgium - Files formal request in China for the examination of its patent application entitled ’SIRT6 Variants for NASH’. Application covers proprietary variants of the SIRT6 gene designed to address severe progressive liver disease non-alcoholic steatohepatitis, for which treatments are limited. ’By pursuing examination in China, Genflow is reinforcing its global intellectual property portfolio and furthering its commitment to developing innovative therapies for patients worldwide,‘ Genflow says. ’We are committed to advancing our research into SIRT6-based therapies and believe that our approach holds strong potential to transform the treatment landscape for NASH,‘ comments CEO Eric Leire. ---------- Valereum PLC - Manchester, England-based digital asset infrastructure firm - Says it has accelerated its mission to build a blockchain-powered finance ecosystem by integrating best-in-class third-party white-label platforms as service providers. Adds however that it moved beyond third-party reliance by selectively investing in key segments’ category leaders. Says a wide spectrum of capabilities across the digital asset lifecycle are now embedded into the business, creating ’a cohesive, scalable ecosystem‘. Ecosystem capabilities highlighted by Valereum include regulated real-world assets marketplace infrastructure; secure business to business stablecoin settlement rails; and regulated issuance and distribution platforms. Company says these position it as a gateway for turnkey acquisition, tokenisation and settlement in the industry, with partners able to access fully regulated, compliant, institutional-grade infrastructure. Expects this strategy ’to drive larger and faster revenue for Valereum and its portfolio companies‘, and believes it ’is paving the way for significant growth...over the short, medium and long term‘ ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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