|
The following is a round-up of trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: ---------- Anglo Asian Mining PLC - Azerbaijan-focused mining company - copper production in third quarter multiplies to 2,287 tonnes from 654 tonnes in the prior quarter. Credits this to the first production at Demirli, and a full quarter of production from Gilar. Gold and silver production benefits ‘substantially’ from the Gilar mine, with third quarter gold production at 6,798 ounces, multiplying from 2,956 ounces a year earlier. Silver production advances to 41,605 ounces from 3,315 ounces. Backs revised full-year guidance of copper production between 8,100 and 9,000 tonnes, and gold production between 25,000 and 28,000 ounces. ‘I am delighted to report our strong performance in the nine months to end September in this transformational year. The new Gilar and Demirli mines are both performing well, with very strong grades at Gilar in particular,’ says CEO Reza Vaziri. ---------- Insig AI PLC - London-based data science and machine learning firm - Expects revenue for the six months to October to come in marginally higher than previously guided at ‘just under’ £440,000. Notes this is more than double what was achieved in the prior year period. Says new sales leads offer encouragement for the outturn for the full year. Notes recent £1.0 million raise ‘bolstering Insig AI’s sales activities and the continuing evaluation of strategic options’, which includes investing in digital assets and related enterprises. Also reports extension of dates of the £1.0 million and £500,000 convertible loan notes issued to Richard Bernstein and David Kyte respectively. Says these have been extended by 15 months to December 31 next year. ---------- Ixico PLC - London-based medical research company, focused on analysing trial data using neuroscience imaging and biomarkers - Expects revenue for the financial year that ended September 30 to exceed market expectations at £6.5 million, rising from £5.8 million the prior year. Says the top line gains reflect contract wins, extensions and a broadening of its offerings into new verticals. Notes a year-end order book of £13.8 million, advancing from £15.3 million. Expects full-year loss before interest, tax, depreciation and amortisation to land ‘slightly ahead’ of market expectations at no more than £1.6 million, improving from a £1.7 million. ‘I am thrilled with the performance of the IXICO team this first full financial year of my tenure with the Company. The oversubscribed capital raise at the start of the year allowed us to double down investments in specific areas of growth targeting new customers and novel verticals,’ says CEO Bram Goorden. ---------- Capital Ltd - mining services firm - Lifts 2025 revenue guidance to $335 million to $350 million, from $320 to $340 million. Says this includes upped MSALABS revenue guidance of between $65 million to $75 million from $55 million to $65 million given previously. Reports third quarter revenue of $93.9 million, up 7.4% on the prior quarter’s $87.4 million, and up 0.2% on-year. Company expects positive momentum to continue into 2026. ‘The mining and exploration market is entering a phase of high levels of demand, underpinning a multi-year growth cycle. We are strategically positioned to benefit from this demand backdrop, as currently demonstrated by our high level of tendering activity,’ says the company. ---------- EnSilica PLC - Oxford, England-based computer chip maker - Says it generated ‘solid new business momentum’ in the financial year that ended May 31, with recurring revenue improving to £5.7 million from £2.9 million a year earlier. However, says the SIAE MICROELETTRONICA project remains on holds due to SIAE’s cash constraints. Notes SIAE has been awarded €149 million in grant funding, with this anticipated to be released in 2026. In light of this, EnSilica decides to make bad debt provision of £1.6 million for financial 2025. Adds that it is being conservative and revising expectations for chip supply volumes to an unnamed customer in financial 2026, owing to ‘a recent cybersecurity issue within an automotive customer’s supply chain.’ Now expects full-year revenue of around £18.2 million and an Ebitda loss of around £1.3 million for financial 2025. Adds that it has made a ‘strong start’ to financial 2026, with year-to-date revenues ‘significantly exceeding those achieved in the prior year.’ ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
