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The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: ---------- First Tin PLC - tin mine developer targeting Germany and Australia - Posts a pretax loss of £1.6 million for the year that ended June 30, narrowed from £3.0 million the previous year. Reports no revenue, unchanged on-year. Ends June with £6.4 million in cash, up from £1.3 million a year earlier. Chief Executive Bill Scotting calls financial 2025 ‘a period of significant progress’ with a £10.1 million equity raise in late 2024 bringing the company nearer to development approval for its projects. Says the company is prioritising the projects’ shift into the operational phase, and maintains ‘the strong fundamentals for tin’. ---------- Lansdowne Oil & Gas PLC - Exploration company with Irish offshore licences which was designated a cash shell in September 2023 - Books a wider pretax loss of £337,000 for the first half that ended June 30, against a £138,000 loss on-year. Loss per share widens to 0.02 pence from 0.01p. Administrative expenses more than double to £322,000 from £138,000 the year prior. Says that the company’s shares remain suspended as it continues to work on a planned reverse takeover. Also continues to advance a compensation claim related to Barryroe oil and gas field, following the Irish government’s decision not to award the company a lease undertaking for the site. Adds that ‘a great deal of information has been provided to a potential third-party litigation funder’ and that it expects the litigation to conclude in ‘the very near future’ though there is no certainty of a positive outcome for Lansdowne. Chair Jeffrey Auld notes that the company had hoped for the litigation and reverse takeover workstreams to complete in the third quarter, but that ‘this has slipped into the fourth quarter.’ ---------- Truetide PLC - Glasgow, Scotland-based investor in listed and unlisted companies in technology sector formerly known as Braveheart Investment Group PLC - Reports 3.51p in net asset value per share as at September 30, down 35% from 5.42p a year earlier. Overall net asset value is £2.8 million, down 20% from £3.5 million on-year. Pretax profit rises to £129,044 from £43,606, while earnings per share edge up to 0.16p from 0.07p. Truetide exited its position in biotechnology business Kirkstall Ltd for £146,421 earlier this month. As of September 30, two of Truetide’s investees are unlisted, and four are listed companies. Chief Executive Trevor Brown comments: ‘Since a major proportion of shareholder funds are deployed into the listed segment of our portfolio, it should be much easier than in the past for shareholders to keep track of changes in NAV, hopefully positive, as the second half of the year unfolds.’ ---------- Georgina Energy PLC - London-based onshore helium and hydrogen explorer with Australian licenses - Says that its pretax loss narrowed to £1.1 million in the six months to June 30 from £4.5 million the year prior. Loss per share narrows to 1.08p from 33.66p on-year. However, operating loss widens to £1.0 million from £604,974 as project costs advance 65% to £310,296 from £188,573. Reports a £139,939 foreign exchange gain, up from £1,270 on-year, partially offset by a £121,846 loss on currency conversion related to overseas subsidiaries, swinging from a gain of £47,507 the previous year. Notes that the company underwent a reverse takeover in July 2024 through the acquisition of the former Georgina Energy, since renamed Georgina Production Ltd, and as a result, that it used a merger accounting method to provide comparative figures for the first half of 2024. ---------- Hidong Estate PLC - Malaysia-based investment company - Posts pretax profit of MYR76,701, which is around £13,663, for the half year ended September 30, down 20% from MYR95,855 a year earlier. Books a MYR27,633 fair-value gain on investments, reduced from a MYR74,745 gain the previous year. Net income falls 7.8% on-year to MYR128,579 from MYR139,441, while administrative expenses tick up 19% to MYR51,878 from MYR43,586 in the first half of 2024. The company proposes no dividend, unchanged from the previous year. Net cash amounts to MYR6.4 million as of June 30, up from MYR6.5 million on-year. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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