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EARNINGS AND TRADING: B90 revenue jumps; Ilika project starts

ALN

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

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B90 Holdings PLC - Isle of Man-based company in the online gambling industry - B90 hails ‘strong operational and financial progress’. Its pretax loss in the first half of 2025 narrows to €45,722 from €329,537. Revenue surges 75% to €2.4 million from €1.4 million, with earnings before interest, tax, depreciation and amortisation climbing 65% to €302,716. The growth in Ebitda, its ‘main’ performance indicator, is ‘driven by revenue growth, tight cost controls, and increased partner engagement’. Executive Chair Ronny Breivik says: ‘We are no longer a turnaround story. With increased Ebitda profitability and a 75% increase in revenue, we are delivering against our KPIs and positioning the business for scalable, long-term growth.’

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Ilika PLC - Hampshire, England-based solid-state battery technology company - Begins the PRIMED solid-state battery programme, which has ‘steering support’ from Jaguar Land Robver and an Oxford University professor. ‘The programme will deliver several critical outcomes. These include the production of P2 solid-state battery prototype cells, development of 50 amp hours A-Sample batteries, creation of a production scale model, and a comprehensive business case review for gigafactory-scale manufacturing,’ Ilika says.

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Ondo InsurTech PLC - London-based claims prevention technology company for home insurers - Continues to achieve ‘meaningful progress’, particularly in the US, since releasing its full-year results in July. Since the start of its current financial year at the beginning of April, the company has shipped 38,000 devices to US homes, which represents 80% of its global shipments and on-year growth of more than six times. Registered customers now total around 185,000, with the US representing 30% of its total customers and more than 50% of annualised contracted recurring revenue. Looking ahead, Ondo Insurtech remains focused on scaling LeakBot and strengthening its relationships with ‘leading insurers’, particularly in the US. ‘With multiple US partners expanding into new states, we are optimistic that these efforts will accelerate our growth and reinforce our market position. This ongoing momentum underscores the demand for our technology and sets the stage for continued success in the months to come,’ the company says.

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Colefax Group PLC - designer and distributor of furnishing fabrics and wallpapers - Colefax is encouraged by trading in its Fabric division but is ‘cautious’ amid tariff uncertainty. Fabric unit sales in the 19 weeks to September 12 are up 7.8% on-year. ‘Sales in the US, which is our largest market accounting for 64% of the Fabric Division total, were up by 6.8%,’ it adds. Europe sales are up 7.8%, while UK sales are 12% higher but ‘against a weak prior year comparative’. Colefax adds: ‘Whilst the Fabric Division sales performance is encouraging, we remain cautious about prospects due to the end of the pause in additional US import tariffs on 1 August 2025 and the additional 50% import duty applicable to Indian origin goods from 27 August. These tax changes have come into effect at the start of our important autumn trading period and will add approximately $6 million to annual costs requiring significant pricing adjustments which may adversely affect sales volumes.’

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Oriole Resources PLC - West and Central Africa-focused gold exploration company - Reports final drilling results at the Mbe asset in Cameroon. Results from the final holes, MBDD021 to MBDD024, return ‘further 59 gold mineralised intersections’. It takes the total number of gold-bearing intersections over the programme to date to 344.

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Corpus Resources PLC - London-based oil and gas company formerly known as Curzon Energy PLC - Corpus reports a pretax profit of $3.9 million in the six months to June 30, swinging from a loss of $510,956 a year earlier. Aiding its bottom line is a $2.6 million gain on the write back of loan creditors. Corpus reports no revenue, unchanged on-year.

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Jangada Mines PLC - natural resources development company, with interests in Brazil - Pretax loss in first half of 2025 widens to $387,000 from $275,000. Gain on fair value of investments falls to $33,000 from $277,000, hitting Jangada’s bottom line. The company’s assets are not yet revenue generating.

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Creo Medical Group PLC - Chepstow, Wales-based medical device company - Creo swings to a pretax profit of £16.1 million in the six months to June 30, from a loss of £14.8 million a year prior. Revenue rises 40% to £2.2 million from £1.6 million a year earlier. Boosting profit is a £26.2 million profit on disposal from the sale of 51% of Creo Medical Europe.

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