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The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- IntelliAM AI PLC - South Yorkshire, England-based provider of AI-driven software solutions for the manufacturing and engineering sectors - Reports first-half revenue of £2.4 million, up around 58% from £927,000 a year earlier, reflecting strong customer adoption and contract growth. Annual recurring revenue rises sharply to about £1.2 million from £140,000, supported by expanded partnerships with Hovis and SKF. Ends the half year with £778,000 in cash and says trading is in line with expectations. Confirms confidence in achieving full-year targets, including ARR of £2 million, with second-half weighting expected. ---------- Adsure Services PLC - holding company for business assurance services provider TIAA Ltd - Double-digit order book grows since April 1 at subsidiary TIAA Ltd, supported by new one-off and long-term contracts that expand recurring revenue. Says it has achieved substantial growth in the housing sector, with client numbers up about 20% to more than 130 organisations, and notes strong demand for audit and grant work with Homes England. Secures three new university clients worth £159,800 over the 2025/2026 academic year, reflecting higher-value recurring contracts. Adds that its ’Fit for the Future’ strategy is progressing, with the K10 Vision audit software fully launched and its proprietary AI tool, TIAA Insight, entering client testing. ---------- Vianet Group PLC - Stockton-on-Tees, England-based provider of retail sales and volume monitoring systems - Expects first-half revenue of about £7.7 million, broadly stable year-on-year, with recurring income maintained at 84% of total. Operating profit rises 10% to around £1.6 million from £1.4 million, supported by improved margins and strong cash generation. Net debt falls to £500,000 from £1.0 million, while cash increases to £2.5 million. Declares an interim dividend of 0.4 pence per share, up 33% from 0.3p. Says performance reflects resilience amid economic uncertainty and remains ‘confident’ in the outlook for the year. ---------- Image Scan Holdings PLC - Leicestershire, England-based provider of X-ray screening systems - The Leicestershire, England-based provider of X-ray screening systems expects to report revenue of £1.6 million for the 12 months to the end of September, down from £2.9 million a year ago. It expects to swing to a pretax loss of £300,000 from a £200,000 profit a year prior. ‘The financial results for the full year were impacted by a slow start to the year and compounded by supply chain constraints and delays to a high-value contract,’ the company says. It adds that trading in the second half was profitable and demonstrates a ‘considerable operational turnaround’. ‘We acknowledge that the timing challenges inherent in complex government procurement programmes, coupled with the supply chain difficulties that led to market guidance being withdrawn in August, have resulted in disappointing results for the year ended 30 September 2025,’ says CEO Vincent Deery. ‘However, I am extremely encouraged by the operational recovery achieved. Following the significant loss recorded in H1, the second half of the year proved to be significantly profitable, which mitigated the full-year loss. The operational stabilisation is a testament to rigorous and sustained cost management.’ ---------- RUA Life Sciences PLC - holding company of multiple medical device businesses - Expects revenue of £6.6 million for the 18 months to September 30, up sharply from £2.2 million in the year to March 2024, following a shift from research to commercial operations. Says biomaterials royalties rose 80% to £900,000, UK contract manufacturing revenue more than doubled to £3.5 million, and French subsidiary Abiss generated £2.2 million. Notes improved customer diversification, with its largest client now accounting for 54% of UK manufacturing revenue, down from 95%. Adds it remains Ebitda positive and expects cash of £3.2 million at period end. ---------- Solid State PLC - Worcestershire-based-based electronics supplier for industry and defence - Expects to report first-half revenue of more than £85 million, up from £61.8 million a year earlier, and adjusted pretax profit above £4.8 million versus £2.5 million. Says performance was driven by strong defence and security sales, which offset softer industrial demand and US tariff uncertainty. Notes operating margin improved to around 7% from 5.1%. Starts the second half with an open order book of £87.3 million, rising to £96.6 million including the new UK defence contract for Project CAIN. Plans to publish interim results on December 1. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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