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The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: ---------- Orosur Mining Inc - South America-focused minerals explorer and developer - Swings to a profit for the year, improved from a loss in the previous year. The firm reports a net income of $9.9 million for the 12 months to the end of May, swung from a $3.4 million net loss in the previous financial year. Revenue is nil, unchanged on-year, and corporate and administration expenses climb 29% to $2.6 million from $2.0 million. Net loss for the year for continuing operations is $2.9 million, narrowed from $3.8 million a year ago. The final figure benefits from $12.9 million income from discontinued operations, multiplied from $403,000 in the prior year. The firm says it thinks the mineralisation that has been defined so far at the Pepas prospect could underpin ‘a range of development options’. It is aiming for a mineral resource estimate by December for Pepas, to be followed by an economic assessment of potential near term production. ---------- Quadrise PLC - London-based fuel and biofuel company - Pretax loss widens to £3.2 million for the twelve months to the end of June from £3.1 million a year ago. Revenue is up to £42,000 for the period from nil a year ago, while Quadrise also records other income of £28,000, up from none in the prior year. Production and development costs rise 11% to £1.6 million from £1.5 million, while other administration expenses climb 18% to £1.6 million from £1.3 million. The firm notes that progress on its project pipeline during the year was slower than anticipated. ‘This past year has seen Quadrise take firm steps to advance our journey toward commercialisation. While project progress has been slower than hoped, we have nevertheless achieved significant milestones that have strengthened the financial and strategic position of the company,’ says Chair Andy Morrison. ‘With a robust financial foundation, a further enhanced executive team and a regulatory tailwind, Quadrise is enviably placed to play a leading role in the decarbonisation of shipping.’ ---------- Ariana Resources PLC - London-based mineral exploration and development firm - Pretax profit falls 78% to £151,000 for the six months to the end of June from £680,000 a year ago. Revenue is nil, unchanged from the prior year. Administrative expenses rise 57% to £1.3 million from £806,000. The share of profit of associate accounted for using the equity method rises 75% to £2.0 million from £1.1 million. At the end of the half year, 10,513 ounces of gold have been produced from Zenit mining operation in Turkey, of which Ariana owns 24%, recording $34.6 million in revenue. ‘Ariana remains focused on advancing its high-quality pipeline of gold projects, leveraging strong market conditions and strategic partnerships to deliver shareholder value,’ says Managing Director Kerim Sener. ‘Operational progress at Dokwe and Tavsan, combined with our enhanced financial flexibility following the [Australian Securities Exchange] listing, positions the company for continued growth.’ ---------- CPPGroup PLC - Leeds, England-based provider of digital financial services - The interim pretax loss narrows to £3.5 million in the six months to the end of June from £4.5 million a year ago. Revenue falls 35% to £926,000 from £1.4 million, but administrative expenses drop 24% to £4.3 million from £5.7 million. CPP Turkey was sold in June for combined proceeds totalling £6.1 million, while CPP India was sold after the reporting date for around £14.4 million. CPPGroup says it is now solely focused on scaling its InsurTech platform, Blink. ‘Following this strategic transformation, Blink is well positioned to capture the significant growth opportunities in our two core markets of travel disruption and consumer cyber-security. With strong recurring revenues, a growing pipeline of opportunities, and a new [chief executive officer] in place, we remain confident in Blink’s ability to deliver sustainable growth and shareholder value,’ says Simon Pyper, CEO of CPPGroup. ---------- ICFG Ltd - investment company established to acquire businesses focused on improving the delivery and use of financial services in Asia, formerly known as Fintech Asia Ltd - Reports net interest income of $26.3 million for the six months to the end of June, up 39% from $18.9 million a year ago. Net fee and commission income rises 62% to $5.8 million from $3.6 million, while total revenue from contracts with customers falls 50% to $872,000 from $1.8 million. Overall, net operating income climbs 13% to $24.9 million from $21.9 million. ICFG swings to a pretax loss of $139.3 million from a profit of $14.8 million a year ago. This is due to $154.9 million of share based payments on reverse acquisition, compared to none last year. In February, the firm changed its name after it completed a reverse takeover. ‘The company remains confident in its ability to deliver growth in the second half of the year, supported by a resilient balance sheet, diversified revenue streams, and prudent cost and risk management,’ says interim CEO Enkhmaral Batkhuyag. ‘Subject to no material changes in market conditions, the board anticipates the group’s full-year performance to be broadly in line with current management expectations.’ ---------- Ascent Resources PLC - oil and gas exploration and production with principle assets in Slovenia and the US - Reports £78,000 of revenue for the six months to the end of June, multiplied from £1,000 a year prior. The pretax loss widens slightly to £1.3 million from £1.0 million, as cost of sales multiplies to £429,000 from £26,000. Looking ahead, the firm says it is well positioned at the end of the first half of the year to be a US onshore upstream oil and gas producer. ‘With [GNG Partners LLC] looking to secure a significant investment after the period under review, we expect a significant increase in production from American Helium’s operated acreage by calendar year-end,’ adds Chair Jean-Michel Doublet. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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