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EARNINGS: Mercantile Ports loss widens; Dilistone eyes sales growth

ALN

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

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Mercantile Ports & Logistics Ltd - India-focused developer of a port and logistics facility - Pretax loss widens to £18.0 million in the six months to June 30 from £6.0 million the year prior as revenue drops to £976,000 from £1.1 million. Mercantile explains performance was impacted by the ongoing negotiations with its lenders, given that the company has been engaged for nearly two years with its banks to refinance the debt held by its Indian lenders. Says business operations on the ground have been constrained by the uncertainty and the time taken to conclude the debt settlement process. Notes ongoing litigation surrounding this with a court interim ruling due in October. As and when the position with the lenders is resolved, the board remains ‘confident in the prospects of its facility and the board looks forward to updating investors in due course.’

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Secure Property Development & Investment PLC - Southeastern Europe-focused commercial property investor - Net operating income climbs to €712,439 in the six months to June 30 from €614,429 the year prior. Profit for the period from continuing operations drops to €23,122 from €319,336 as administration expenses rise and the firm reports a foreign exchange loss compared to a gain last year.

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Ferro-Alloy Resources Ltd - developing Balasausqandiq vanadium deposit in southern Kazakhstan - Pretax loss narrows to $3.5 million in the six months ended June 30 from $4.0 million the year prior. Revenue drops to $2.5 million from $2.1 million reflecting the processing of concentrates with a higher molybdenum content than in the prior year, benefiting from the currently high molybdenum prices. Chief Executive Nick Bridgen says: ‘The company is positioned to benefit both from the anticipated growth in vanadium demand for energy storage and we now have a superior milling process to develop the fast-moving advent of our carbon black substitute product.’ Adds: ‘We are eagerly awaiting the imminent publication of the feasibility study to demonstrate the preeminent financial and operating characteristics of the Balasausqandiq project.’

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Dillistone Group PLC - Basingstoke, England-based software supplier for the international recruitment industry - Pretax loss stretches to £48,000 in the six months to June 30 from £15,000 the year prior, as revenue falls 14% to £2.2 million from £2.5 million, in a ‘tough’ recruitment market. Notes recurring revenue represents 91% of group revenue, unchanged year-on-year. Expects to deliver full year results in line with adjusted pretax profit market expectations. Now expects 2026 to be the first year of revenue growth since 2022 and only the second since 2016.

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Active Energy Group PLC - London-based, biomass-focused renewable energy developer - Pretax loss narrows to £429,502 in the six months to June 30 from £814,871 the year prior. No revenue is reported, unchanged year-on-year. Reports strong progress in the third quarter, with early benefits now evident from strategic initiatives launched in the first half of the year. ‘We are confident that the momentum generated in the second half of 2025 will carry through into the final quarter, positioning AEG to accelerate delivery and achieve its 2026 growth forecasts,’ Chief Executive Paul Elliott says.

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Boston International Holdings PLC - London-based holding company was originally formed to acquire an investment in the foreign exchange sector - Pretax loss narrows to £75,000 in the six months to June 30 from £279,000 the year prior. No revenue, unchanged year-on-year.

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Roebuck Food Group PLC - Dublin-based investor in food and agribusiness sectors - Pretax loss widens to £1.1 million in the six months to end June from £325,000 the year prior, as revenue falls to £5.4 million from £6.0 million. Does not declare interim dividend, unchanged year-on-year. Regarding the plant-based ingredients and products business, ‘we have seen a welcome improvement in trading trends in recent weeks and face less challenging like-for-like comparisons in the second half of the year,’ Roebuck says.

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