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The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- CyanConnode Holdings PLC - Cambridge, England-based developer of narrowband radio frequency mesh networks - First half trading to the end of September was ‘successful’ with company noting contract wins which ‘materially’ strengthen the contracted order book which remains ‘robust’ at £157 million at the period end. ‘With this increased momentum, we expect to continue to deliver in the second half of this financial year. The successful execution of existing projects, together with the commencement of the Goa AMISP contract, positions CyanConnode for a period of sustained growth and market expansion,’ company says. Remains encouraged by the group’s strong order book and says the pipeline of opportunities in India remains ‘substantial.’ Anticipates that full-year revenue will benefit from the momentum, although recognises that the precise timing of revenue recognition remains dependent on project schedules. ---------- Hochschild Mining PLC - London-based gold and silver miner in Argentina, Brazil and Peru - Remains on track to achieve revised 2025 production targets. At Mara Rosa, the optimisation process is progressing well, with improvements to the tailings filter processes and mining activities meeting expectations and setting a solid foundation for 2026, company says. Anticipates cash flow to increase in the fourth quarter as output from Mara Rosa gradually ramps up, supported by strong metal prices and a robust period expected at the Inmaculada and San Jose mines. In the third quarter, produces 48,367 ounces of gold, 1.8 million ounces of silver, 70,308 gold equivalent ounces and 5.8 million silver equivalent ounces. Reiterates 2025 revised guidance for production of 291,000 to 319,000 gold equivalent ounces and all-in sustaining costs of $1,980 to $2,080 per gold equivalent ounce. ---------- Trafalgar Property Group PLC - South-East England-focused residential property developer - Post tax loss narrows to £400,266 in the financial year to March from £516,723 the year prior. Revenue totals £600,000 compared to zero a year ago, reflecting rental income received while interest payable drops to £20,369 from £129,333. Loss per share is 0.05 pence reduced from 0.15p. ‘The overall result continues to be disappointing,’ company says, although ‘we continue to seek property opportunities.’ ---------- System1 Group PLC - London-based marketing firm - Reports revenue of £8.3 million for the quarter to September 30, down 6.7% year-on-year from £8.9 million, with platform revenue slipping 2.5% to £7.9 million from £8.1 million as continues to see ‘lower, but ongoing, spend’ from many of its largest clients, due to the ‘wider macroeconomic uncertainty’. Half-year revenue falls 6.6% to £17.1 million from £18.3 million. Gross margin remains strong at 87%, and cash rises to £10.8 million. Chief Executive James Gregory says trading is in line with guidance and that ‘October is looking strong’. Expects to report half-year adjusted pretax profit of £200,000 to £300,000, down from £2.5 million the year prior. ---------- Virgin Wines UK PLC - Norwich, England-based online wine retailer - Reports full-year revenue of £59.0 million, unchanged from the prior year, despite the broader online drinks market contracting during the period, and pretax profit of £1.6 million versus £1.7 million. Gross product margin falls to 35.6% from 37.6%, reflecting inflationary pressures and higher operating costs amidst a rise in alcohol duty, glass and packaging prices as well as the introduction of a new sustainability tax. Balance sheet remains ‘strong’, with net cash of £9.3 million, down from £10.3 million a year ago. Virgin Wines says trading so far in the new financial year remains in line with market expectations and expresses confidence in achieving sustainable long-term growth. ‘We remain confident in meeting market expectations for FY26,’ says Chief Executive Jay Wright. ---------- Hardide PLC - Bicester, England-based provider of advanced surface coating technology - Revenue grows 25% to £6.0 million in the financial year to September from £4.7 million the year prior, driven by new recurring work in the aerospace sector and new development work won more recently in the energy sector. Expects this growth to deliver materially improved earnings before interest, tax, depreciation and amortisation of £1 million compared to break-even a year ago, at an Ebitda margin of over 16%, together with a positive earnings per share outcome ‘for the first time in many years.’ Remains confident in the group’s prospects and ‘highly focused’ on delivering the medium-term objective to double revenues from 2024 levels to ‘at least’ £10 million over ‘the next few years,’ leveraging existing spare capacity to drive ‘significant operating margin and earnings growth.’ ---------- LBG Media PLC - Manchester, England-based digital entertainment company which owns social media accounts such as LADBible - Says revenue and profit for the financial year to September are in line with expectations, reflecting continued demand from brands and social audiences for content. Revenue grows 10% to £92.2 million from £86.2 million at constant currency and adjusted Ebitda by 2.0% to £25.0 million from £24.5 million. Highlights ‘excellent’ growth in the US, driven by demand from global blue-chip brands. Direct revenue climbs 13%, including double-digit growth in the US and UK while Indirect revenue rises 2%. ‘Remains confident of the growth outlook for FY26,’ LBG says. ---------- Macfarlane Group PLC - Glasgow-based packaging and labelling supplier - Warns that its full-year adjusted operating profit will be 20% to 25% below market expectations, citing a fatal incident at recently acquired Pitreavie and slower-than-anticipated improvements in its Distribution unit. Macfarlane says Pitreavie’s full-year performance will fall materially short of previous management forecasts, though its Manufacturing operations excluding Pitreavie continue to perform well. The company adds that net bank debt remains comfortably within its £40 million facility. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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