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The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- Uru Metals Ltd - mineral exploration & development company - Reports net loss for the year ended March 31 narrowing sharply to $832,000 from $5.9 million the year before, as exploration expenditure and impairment of intangible assets drop to $162,000 from $5.1 million. Basic and diluted loss per share reduces to $0.02 from $0.11. Ends year with $14,000 in cash, down from $190,000. Says it awaits approval of a Mining Right from South Africa’s Department of Mineral Resources, the final regulatory step needed to advance Zeb Nickel into mine development. Notes airborne geophysical surveys, drilling and geochemical analysis confirmed high-grade nickel-copper-PGE sulphide horizons, strengthening the geological model. ‘With the mining right approval pending, the company is moving steadily toward its objective of establishing Zeb Nickel as a world-class supplier of critical metals essential to the renewable energy and battery storage sectors,’ says Non-Executive Chair Kyle Appleby. ---------- Atlas Metals Group PLC - natural resources and energy investor formerly known as MetalNRG - Reports no revenue for the six months to June 30, unchanged from a year before. Pretax loss narrows to £620,211 from £1.3 million. Basic and diluted loss per share widens to 4.93 pence from 0.09p, reflecting the December 2024 share consolidation. Notes disposal of Gold Ridge Investment for $550,000. Post period-end, enters conditional agreement to acquire Universal Pozzolanic Silica Alumina Ltd. ---------- Rome Resources PLC - mineral explorer with tin project in Democratic Republic of the Congo - Reports no revenue for the six months to June 30, unchanged year-on-year. Pretax loss widens to £560,000 from £214,000. Administrative expenses more than double to £578,000 from £214,000. Says 5,143 metres drilled at Mont Agoma and Kalayi prospects in eastern DRC, providing sufficient data to undertake maiden mineral resource estimates, expected by mid-October. CEO Paul Barrett says tin, copper, zinc and silver are all heavily represented in Mont Agoma and will form an integral part of the resource going forward. ---------- Marwyn Value Investors Ltd - St Helier, Jersey-headquartered closed-ended investment company - Reports net asset value per share of 222.2 pence at June 30, up from 186.8p a year prior. NAV total return for the half year is 13.4%, compared with 8.7% a year earlier. Ordinary share price total return around 30%. Declares dividends 4.53p per share, in the first half, unchanged. Expects to pay a quarterly dividend of 2.265p per share in November. Chair Robert Ware says: ‘We are pleased with the results delivered in the first half of 2025 and remain confident that the company is exceptionally well-positioned for further value creation.’ ---------- Aquila European Renewables PLC - managed by Aquila Capital, invests in European renewable energy assets - Reports net asset value per share of 73.9 cents at June 30, down from 88.7 cents a year prior. Declares interim dividend of 1.58 cents per share, reduced from 2.9 cents. Net assets fall to €279.3 million from €335.3 million. NAV total return per share negative 10.9%, compared with negative 7.1% a year earlier. Chair Ian Nolan notes subdued wind conditions, ‘below-average solar irradiation’ and lower European electricity prices, alongside higher costs, as drivers of the decline. Says active asset sale processes are ongoing as part of the company’s managed wind-down strategy. ---------- Phoenix Copper Ltd - US-focused base and precious metals producer and explorer - Reports pretax loss of $706,776 for the six months to June 30, narrowing from $1.1 million a year earlier. No revenue, unchanged year-on-year. Loss per share 0.35 US cents, from 0.71 cents. Net assets fall to $41.6 million at June 30, from $48.6 million a year prior, including $44.3 million invested in the Empire Mine in Idaho. Chair Marcus Edwards-Jones highlights higher copper, gold and silver prices, saying they have boosted the Empire open-pit life-of-mine cash flow by more than $80 million. He adds: ‘Negotiations to place additional corporate copper bonds to raise the necessary finance appear to be nearing completion.’ ---------- Bezant Resources PLC - copper and gold exploration company with projects in Africa, South America and the Philippines - Reports pretax profit of £4.1 million for the six months to June 30, swinging from a £487,000 loss a year prior, driven by a £4.1 million gain from the IDM International Ltd merger with Blackstone Minerals Ltd. No revenue, unchanged year-on-year. Earnings per share 0.027 pence, compared with a 0.004p loss. Total assets £9.9 million, up from £5.1 million at December 31. Post period-end, agrees to acquire 90% of Namib Lead & Zinc Mining Ltd, which owns a processing plant to support the Hope & Gorob copper-gold project. Chair Colin Bird says the project is ‘an exceptional situation’ as global copper concentrate shortages loom. ---------- Baker Steel Resources Trust Ltd - invests in mining companies, with exposure to cement, potash, copper, gold and other materials in projects located in Australia, Indonesia, Peru, Zimbabwe and elsewhere - Reports NAV up 16% in the six months to June 30, with share price rising 11%. Compares with a 3.6% increase in the MSCI World Metals & Mining Index. Total comprehensive income £15.6 million, up from £4.1 million a year before. Earnings per share 14.68 pence, versus 3.81p. Chair Fiona Perrott-Humphrey says shares ‘continue to trade at a disappointingly wide discount’ despite five-year NAV growth of 35%. Largest holding Cemos rises to £32.3 million, or 29% of NAV, while Futura accounts for 26% of NAV but faces coal price headwinds. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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