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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: ---------- Sealand Capital Galaxy Ltd - Asia-focused digital investor that offers financial and strategic support to entrepreneurs - Pretax loss widens to £361,920 in the six months to June 30 from £162,174 the year prior. Revenue climbs to £99,529 from £71,631 but administrative expenses increase to £361,280 from £199,758. ‘During the first half of the year, we have remained focused on our strategic priorities of operational efficiency, while continuing to deliver value of our shareholders and high-quality outcomes for our clients and stakeholders,’ company says. ‘Looking ahead to the second half, the board remains confident in the company’s strategy and prospectus. We are well positioned to build on the progress achieved to date, supported by a robust financial position and a clear commitment to sustainable long-term growth,’ it adds. ---------- Premier African Minerals Ltd - developer of RHA tungsten and Zulu lithium and tantalum projects in Zimbabwe - Pretax loss narrows to $7.7 million in the six months to June 30 from $12.0 million the year prior. Revenue is nil, unchanged year-on-year. Says the past six months have been a period of ‘transition’ and the business is focused on building momentum. Says Zulu project remains the immediate priority. Notes the optimisation process is advancing and has already delivered some encouraging results, but further refinements are required, and there can be no assurance that the plant will consistently reach its designed performance within the near term. Looking ahead, thinks the key to unlocking Zulu’s full production capacity lies in the current discussions on a revised offtake agreement and securing the complementary funding package. ---------- Aseana Properties Ltd - Jersey-based property development company focused on Vietnam and Malaysia - Swings to pretax profit of $2.5 million in the six months to June 30 from $4.7 million loss the year prior. Revenue is $10.7 million, up from nil a year ago. Other operating expenses rise to $13.1 million from $5.8 million. ‘The first half results of 2025 reflect the early outcome of the group’s implementation of its business priorities of preserving its limited cash balances, safeguarding ownership of the remaining assets to prevent destruction of value from distressed force sale activities and critically raising funds and bank refinancing to elevate the group from its financial distress position,’ company says. Remains focused on restructuring the debt profile, and says there is still ‘significant amounts of work to be done ahead.’ ---------- Ethernity Networks Ltd - supplier of data processing semiconductor technology for networking appliances - Pretax loss narrows to $2.1 million in the six months to June 30 from $3.5 million the year prior while revenue rises to $598,599 from $582,008. Bottom line benefits from lower expenses and reduced financing costs. Decides to de-risk its ASIC plan by shifting from an OEM co-funded model to a semiconductor partnership model, supported by interest from leading wireless vendors. Under this approach, the company will partner with a semiconductor vendor who would fund the full ASIC cost, meaning Ethernity would not be required to raise the millions of dollars upfront to co-fund the development costs. Instead, Ethernity would receive non-recurring engineering income for its role in the development, along with a future revenue share. Execution of such a plan with a lead semiconductor vendor would enable Ethernity to achieve near-term positive cash flow and profitability, in contrast to the years of investment required under the previous model. ---------- Rockpool Acquisitions PLC - Belfast-based special purpose acquisition company - Pretax loss totals £109,164 in the six months to June from compared to £100,257 the year prior. ‘Despite the delays in European Lingerie Group AB raising much-needed additional working capital, the board is hopeful of seeing completion during the second quarter of 2026 of the acquisition of ELG, associated fund raising, and re-admission,’ company says ---------- Pineapple Power Corp PLC - cash shell with a focus on acquisitions in clean and renewable energy sectors - Reports pretax loss of £46,492 in the six months to June, narrowed from £160,167 the year prior. No revenue reported, unchanged year-on-year. ---------- Crushmetric Group Ltd - Operations in US, Hong Kong and Singapore and makes range of consumer products including pens, chairs and tumblers made by denting aluminium cans - Pretax loss narrows to HK$9.4 million, around £898,394, in the financial year to March, from HK$67.9 million the year prior. Revenue falls to HK$4.0 million fro HK$6.9 million. Explains the period was a tale of two halves. ‘While we were encouraged by a strong sales performance in the first six months, which exceeded the same period in 2023, the second half of the period was exceptionally challenging, leading to an overall revenue decrease of 42% for the whole period.’ This significant decline is primarily attributed to a substantial contraction in marketing activities during the latter part of the period due to limited available funds. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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