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The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Corero Network Security PLC - London-based cybersecurity firm specialising in distributed denial of service protection - It hails a ‘key customer renewal’. It received a ‘renewal and significant expansion order with a key customer, a leading US cloud computing provider in October 2025’. ‘The renewed and expanded contract, providing DDoS protection solutions to the customer’s current and planned data centre portfolio, has a total contract value of $6.8 million,’ it adds. It reaffirms its revenue outlook range of $24.0 million to $25.5 million. It backs its adjusted earnings before interest, tax, depreciation and amortisation guidance range, which spans a $1.5 million to breakeven. In 2024 revenue amounted to $24.6 million and its adjusted Ebitda totalled $2.5 million. ---------- Kitwave Group PLC - North Shields, England-based food wholesaler - Trading in the six months since the start of July has been ‘as anticipated’, so it expects profit in line with market expectations for the year ended October 31. ‘In May, the group announced that it had taken the proactive decision to incur some additional operational investment at the new South West depot to maintain service levels, as the business transitioned from three separate locations to one. The new depot is operating at an improved level since the group’s last update and is on track to meet expected performance levels by early 2026,’ Kitwave says. Kitwave announced in August a plan to change its year end date to December 31 from the end of October. ‘Consequently, the group will publish audited annual accounts for the 14-month period ending 31 December 2025. The group intends to provide the market with a detailed trading update in January 2026, covering the 12-month period to October 2025, and then expects to publish its 2025 audited annual accounts in April 2026,’ Kitwave says. In addition, Kitwave announces that Chief Financial Officer David Brind will leave the firm after the 2025 accounts are published. Financial Controller Mark Earl will become the new CFO. ‘Mark has worked within Kitwave for 10 years. In 2015, he joined as Finance Director of Kitwave’s Frozen and Chilled division, before assuming the role of group financial controller in 2019. A handover period between David and Mark will commence immediately to ensure a seamless transition of CFO responsibilities,’ Kitwave adds. ---------- Zambeef Products PLC - cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - Expects revenue for year to September 30 to be ‘moderately ahead of market expectations’ and operating profit to ‘broadly align’ with the market view. ‘This financial performance has been delivered through strong underlying operational performance, volume growth and disciplined cost management, despite facing a challenging economic environment,’ Zambeef adds. However, pretax profit is to be between 10% and 15% of market expectations due ‘rising financing costs’. Zambeef adds: ‘The group navigated a challenging operating and economic landscape characterised by limited consumer spending. However, we are optimistic for the outlook as we observed positive developments in macroeconomic fundamentals towards the end of the financial year, indicating a favourable response to monetary and fiscal policy measures.’ ---------- capAI PLC - focused on artificial intelligence systems for media and medicine - Will begin trading on the OTCQB Venture Market on Wednesday. ‘This cross-listing has the potential to enable greater liquidity in the ordinary shares on the Main Market by easing cross-border trading for potential US investors,’ it adds. ---------- Alien Metals Ltd - exploration and development company focused on Australia - Joint-venture partner West Coast Silver Ltd says visual native silver and related silver-bearing minerals have been reported in four of the five initial drill holes at a section of the Elizabeth Hill project in Western Australia. Alien Metals has a 30% free-carried interest through to a decision to mine. ---------- TPXimpact Holdings PLC - London-based technology-enabled services company - The firm is ‘confident’ it can achieve full-year guidance for adjusted earnings before interest, tax, depreciation and amortisation of £6 million to £7 million. The first half to September was ‘encouraging’, it adds. ---------- Built Cybernetics PLC - London-based company focused on smart buildings - Sells Anders + Kern UK Ltd subsidiary to Barrie Meehan, the unit’s managing director, for a nominal fee. The unit was ‘significantly loss making’. ‘In the year ended 30 September 2024 A+K recorded a total comprehensive loss of £342,000 and concluded that year with a net liability position of £45,000. The business made further losses in the year ended 30 September 2025,’ Built Cybernetics says. ---------- Redcentric PLC - Harrogate, North Yorkshire-based IT service provider - At the continued Managed Services Provider asset, revenue amounts to £67 million in the first half to September 30, Redcentric says in a trading update, down from £69 million a year prior. ‘This is in line with management expectations and reflects the focus on selectively attracting and maintaining higher margin business,’ it adds. Earnings before interest, tax, depreciation and amortisation are up to £9.1 million from £8.9 million. ‘This is modestly above management expectations reflecting the focus towards higher margin business and continued tight expense control, driving higher quality of earnings. This performance reinforces the group’s market-leading position in UK managed IT services which remains focused on expanding high-quality recurring margin while maintaining disciplined cost management to deliver sustainable value for all stakeholders’ Redcentric says. ---------- Alternative Income REIT PLC - investor in commercial property - Net asset value per share at September 30 increases 0.4% on-quarter to 84.0 pence. Portfolio valuation increases by 0.2% to £107.6 million during the quarter. Alternative Income REIT declares a first interim dividend of 1.4p per share, in line with its 5.6p target for the year ending June 30. ---------- Alkemy Capital Investments PLC - critical minerals-focused investor - Appoints ABG Sundal Collier ASA to lead the project level financing for the Tees Valley lithium asset. ABG is the manager, bookrunner and financial advisor for te proposed $245 million bond and equity financing. ‘This partnership with ABGSC marks a significant milestone for Tees Valley Lithium, as we move towards delivering Europe’s largest independent lithium hydroxide refinery,’ Alkemy Chair Paul Atherley says. ---------- VH Global Energy Infrastructure PLC - renewable energy investment trust - VH Global Energy Infrastructure reports the energisation and commissioning of an additional solar and energy storage hybrid system in Australia. The system includes a solar site and a battery energy storage asset, ---------- Union Jack Oil PLC - UK and US-focused onshore hydrocarbon, production, development, exploration and investment company - Union Jack reports an ‘unexpected and disappointing result’ from work at the Sark well in Oklahoma. ‘Sark was drilled to a Total Depth of 5,391 feet and the Prue interval was highlighted on electric logs as hydrocarbon bearing following evaluation. Temporary production facilities were installed and a 30-day test programme was undertaken. The production test of the Prue Sandstone failed to produce commercial hydrocarbons,’ it adds. ---------- Tertiary Minerals PLC - mineral development company focused on deposits in the US, Zambia and northern Europe - Begins drilling at Target A1 at the Mushima North project in Zambia. The asset is a polymetallic prospect. It plans drilling of around 1,000 metres. ---------- Alba Mineral Resources PLC - Northern Europe-focused mineral explorer - Drilling has begun at Finnsbo, where it is seeking ‘high-grade gold, copper and rare earth mineralisation’. ‘Samples taken by Alba from the same location were found to contain visible gold and returned assay,’ Alba says. ---------- Oriole Resources PLC - West and Central Africa-focused gold exploration company - Oriole signs a completion deal with BCM International concerning 2024 earn-in agreements on the Bibemi and Mbe gold projects in Cameroon. BCM is to pay $900,000 in three equal monthly instalments from November and it will also contribute $300,000 for an MB01-N drilling programme. ‘A planned 2,950m diamond drilling programme, expected to commence in December 2025, will focus on converting the existing exploration target,’ Oriole says. ‘The MB01-N drilling programme is anticipated to complete in late Q1 2026.’ ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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