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The following is a round-up of earnings by London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- Bow Street Group PLC - London-based casual dining restaurant operator, formerly Tasty PLC - Swings to pretax loss of £7.5 million in the 29 weeks to June 29, from a profit of £13.4 million a year prior. Revenue falls 21% to £15.1 million from £19.1 million, while cost of sales reduces 19% to £14.4 million from £17.8 million. Notes cost of £6.6 million from highlighted items, compared to a gain of £13.5 million. Bow Street highlights ‘well-publicised’ external pressures impacting the casual dining sector, as well as its restructuring plan which meant that the company traded from five fewer restaurants at the period end, compared to a year ago. Executive Chair David Page says: ‘The group will refurbish restaurants where there is a clear potential to increase trade and will actively adjust the property portfolio where appropriate. We will also seek out and partner with successful restaurant entrepreneurs, leveraging Bow Street Group’s status as a highly attractive platform for exciting eating out brands, offering structural benefits of scale, operational synergies, and attractive incentivisation plans for management teams.’ ---------- Incanthera PLC - Manchester, England-based developer of technologies in dermatology and oncology - Pretax loss widens to £2.0 million in the financial year ended March 31, from £1.5 million, as operating expenses increase 41% to £1.8 million from £1.3 million. ‘The launch of Skin+CELL cosmetic range is the beginning of our commercial ambitions in formulation and delivery expertise, globally. It provides an opportunity for growth, product development and international recognition, alongside shareholder returns,’ Incanthera says. ---------- Phoenix Digital Assets PLC - London-based investor in blockchain assets - Swings to pretax loss of £6.6 million in the six months to June 30, from a profit of £18.7 million a year prior. Pertinently, notes loss of £6.1 million from fair value movements in digital assets and tokens in the first half of 2025, compared to a gain of £19.8 million a year ago. Executive Chair Jonathan Bixby says: ‘The market has gone through a large consolidation phase, and we remain very optimistic on the crypto market into the first quarter of 2026. We have re-aligned our portfolio of liquid assets to best take advantage of what we believe is the continuation of the crypto bull market.’ ---------- Seeen PLC - London-based media and technology platform - Pretax loss narrows to $516,953 in the first half of 2025 from $938,540 a year prior. Revenue jumps 87% to $2.1 million from $1.1 million, however cost of sales increase 97% to $1.5 million from $771,430. Looking ahead, Seeen says its outlook ‘continues to improve’, as it is on track for over $5.0 million in revenue in 2025, compared to $3.0 million in 2024. The annualised revenue run rate has increased to $6.5 million, the company says. It stood at $5.8 million at the end of June. Seeen notes a ‘strong’ customer and reseller sales pipeline, with ‘significant’ large opportunities with sports clubs, sports leagues and major publishers. ---------- Verici Dx PLC - Penarth, Wales-based developer of advanced clinical diagnostics for organ transplants - Pretax loss widens to $3.1 million in the six months to the end of June from $1.3 million a year ago. Revenue falls 43% to $1.9 million from $3.3 million. ‘We have significantly de-risked the business, achieving all the milestones to enable two validated products to be commercialised. We have in place commercial requirements to support the business: our laboratories and logistical operations are set up, we have all the required regulatory approvals, and we have reimbursement,’ says Chief Executive Officer Sara Barrington. The company continues to expect to meet full-year guidance. ---------- Xeros Technology Group PLC - Rotherham, England-based laundry technology developer - Pretax loss narrows to £1.7 million in the first half of 2025 from £2.5 million a year prior. Revenue falls 18% to £65,000 from £79,000. Administrative costs decrease 31% to £1.8 million from £2.6 million. The company says ‘exciting’ progress is being made, but partnerships on filtration and denim manufacturing were finalised later than expected. This resulted ‘in some revenue from royalty payments and XOrbs moving from the current year into 2026.’ CEO Neil Austin says: ‘In spite of the lower revenue outlook for 2025, the board is delighted with the group’s progress and is now more confident about the prospects for the group than at any previous point in its recent history. We now have in place commercial and development agreements across all three of our technologies that are capable of delivering meaningful revenue and are anticipating further news shortly. The expansion of agreements over the medium term will offer the group increasing protection from licensor product delays.’ ---------- Copyright 2023 Alliance News Ltd. All Rights Reserved.
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