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The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News: ---------- Black Sea Property PLC - property developer in Bulgaria - Swings to pretax loss of £1.1 million in the six months to June 30 from £111,619 profit a year prior. Revenue more than halves to £668,278 from £1.5 million, while net rental expenses of £514,907 compares to income of £256,976 a year ago. ---------- Kropz PLC - Africa-focused phosphate producer and developer - Swings to pretax loss of $8.5 million in the financial year ending March from profit of $370,000 a year prior. The prior year benefits from £19.0 million impairment reversal compared to nil this year. Revenue falls to £37.2 million from £40.1 million. Says further increases in production volumes and efficiency are essential to achieving its strategic objectives, and the management team is working hard to achieve this. Explains the long-term strategy is to build a portfolio of high-quality phosphate mines and to be a major player within the sub-Saharan African plant nutrient sector. Its priority is to bring Elandsfontein to steady-state production and profitability whereafter the development of Hinda will be prioritised. ---------- WH Ireland Group PLC - London-based wealth-management firm - Pretax loss stretches to £9.2 million in the financial year to March from £6.0 million the year prior, reflecting the impact of restructuring costs of £0.9 million compared to £2.9 million a year ago, and impairments of £6.1 million, compared to nil. Revenue falls to £13.2 million from £21.5 million, reflecting the sale of the Capital Markets division in July 2024. Earlier in September, WH Ireland announced a conditional disposal of its Wealth Management division. With the planned sale, the group now intends to delist from the AIM market and commence a process of winding down its operations. Non Executive Chair Simon Moore says: ‘Market conditions during the period have had a significant impact on our financial performance leading to a fall in [assets under management] and Wealth Management revenues and losses for the year at both the statutory and underlying levels.’ ---------- Seneca Growth Capital VCT PLC - venture capital trust - Loss on ordinary activities before tax is £617,000 in the six months to June 30, narrowed from £2.8 million a year prior. Net asset value at June 30 for the ordinary shares is 11.3 pence per share and for the B shares 48.7p, down from 17.9p and 56.9p a year ago. Loss per share is 2.5p per ordinary share, widened from 0.6p before. Declares dividend of 3.0p per share compared to nil last year. ---------- CVC Income & Growth Ltd - invests in senior secured loans and other sub-investment grade corporate credit - Swings to pretax loss of €2.4 million in the six months to June 30 from profit of €9.9 million the year prior as investment revenue declines to €12.4 million from €13.7 million. Results include €2.0 million loss on financial assets held at fair value compared to €9.4 million gain a year ago; foreign exchange loss on financial assets held of €7.0 million compared to €3.5 million gain; and foreign exchange gain on ordinary shares of €6.9 million compared to loss of €3.5 million. ---------- Sovereign Metals Ltd - Malawi-focused mine explorer and developer - Pretax loss balloons to $40.4 million in the financial year to June 30 from $18.6 million a year ago as exploration and evaluation expenses increase to $33.9 million from $14.8 million. Interest Income rises to $2.0 million from $1.8 million. No dividend is declared, unchanged. ---------- Aminex PLC - oil and gas investment in Tanzania - Pretax loss widens to $1.5 million in the six months to June 30 from $1.4 million the year prior. Loss per share is 0.04 US cents compared to 0.03c a year ago. ‘The Ntorya Gas Development has now entered its construction phase, marking a decisive turning point for Aminex and for Tanzania’s energy future. With a long-term development plan submitted, strong support from the Ministry of Energy, TPDC and PURA, and first gas expected shortly after mid-2026, Ntorya is positioned to deliver cleaner, reliable energy that will help alleviate energy poverty, drive industrial growth and create lasting value for both Tanzania and our shareholders,’ company says. ---------- Phoenix Spree Deutschland Ltd - investor specialising in Berlin residential real estate - Pretax loss narrows to €7.0 million in the six months to June 30 from €24.1 million a year prior. Gross rental income drops to €11.0 million from €14.2 million. EPRA net tangible assets per share are 3.49 euro cents compared to 3.68c. Portfolio realisation plan on track, company says, prioritising the sale of individual condominiums at a significant per square metre valuation premium to equivalent properties. Full year condominium sales are expected to exceed €30 million in 2025 and €55 million in 2026. ‘’The progress achieved during the first half of 2025 has positioned Phoenix Spree Deutschland strongly for the remainder of the year and beyond. We are seeing good demand in the Berlin condominium market, with sales prices remaining robust and volumes meeting expectations,‘ Robert Hingley, chair says. ---------- Buccaneer Energy PLC - Texas-focused exploration company, previously known as Nostra Terra Oil & Gas Co - Pretax loss widens to $945,000 in the six months to June 30 from $792,000 a year ago. Revenue falls to $889,000 from $938,000, while production costs rise to $1.0 million from $708,000. Net production totals 13,930 barrels oil compared to 13,203 barrels oil a year ago. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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