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The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: ---------- Cordel Group PLC - London-based transport corridor analytics platform - Announces new contract with V/Line, the statutory authority that operates regional passenger rail and coach services in the Australian state of Victoria. The initial contract is for an eight week data capture program on the V/Line Northern Corridor and Western Corridor, totalling 820 kilometres of mainline track and passing loops. ‘This win underscores our technology leadership and proven ability to capture, analyse and deliver vital insights with speed and precision,’ company says. ---------- Value & Indexed Property Income Trust PLC - investor in UK commercial property - Net asset value per share declines to 211.9 pence at September 30 from 214.7p at March 31. VIP’s property portfolio total return was 2.5% over the six months to September against 2.7% for the MSCI UK Quarterly Property Index. Over the half year, rent increases were achieved on 13 properties, adding £0.5 million to total contracted rents. The portfolio is fully let, with no voids. The trust declares dividend of 7.2p in the half year up from 6.8p the year prior. ---------- Kefi Gold and Copper PLC - Nicosia, Cyprus-based miner focused on Tulu Kapi gold project in Ethiopia - Announces that full project development is planned to commence by year-end 2025, at its Tulu Kapi gold project. Says the project’s around $340 million budget has been finalised, with $240 million debt portion of the funding approved by the lenders and equity commitments and proposals received in excess of the remaining $100 million. ---------- Lift Global Ventures PLC - Reports pretax loss from continuing operations of £27,371 in the financial year ending June, narrowed from £976,152 the year prior. Revenue falls to £280,733 from £476,506 while administration expenses drop to £358,759 from £532,619. Last year’s bottom line was hurt by £750,000 fair value loss on financial assets at fair value and a £102,933 impairment loss of trade receivable. Core investment, Miriad, continues to provide solid financial performance and cash generation, posting a positive net cash inflow of £58,003 with turnover of £280,733. ---------- Tower Resources PLC - oil and gas company focused on Africa - Plans to raise £280,000 via a subscription at 0.028 pence per share. Proceeds will be used to fund working capital and is a follow-on to the previous subscription of £550,000 announced on October, and is in response to further investor demand following that subscription. ‘In the circumstances, we felt it was prudent to accept these further funds and bolster our working capital position as we move forward with our various work programmes,’ company says. ---------- RC Fornax PLC - provider of engineering solutions to the UK defence industry - Raises just over £2.3 million via placing and retail offer at 6 pence each. ---------- Tekmar Group PLC - technology and services provider for the offshore energy industry - Wins new contract worth in excess of €3.5 million to supply cable protection technology to a major offshore energy project in the Middle East, with delivery scheduled by June 2026. The award is Tekmar’s largest polyurethane cable protection contract to date with this customer, a leading global oilfield services provider. ‘This award highlights our continued growth in the Middle East and the confidence customers place in Tekmar’s proven technology and engineering expertise. We are seeing strong momentum in regional demand for cable protection, following the $10 million Middle East contract announced in September,’ company says. ---------- Young & Co’s Brewery PLC - London-based pub operator - Starts up to £10 million share buyback programme. ---------- BATM Advanced Communications Ltd - provider of network infrastructure, cybersecurity and diagnostic technologies - Receives order worth $670,000 for its 10G carrier ethernet and aggregation solutions from a leading internet services provider to homes and businesses across the US. Order is to be delivered in the current year. ‘As the customer continues to expand its service locations as well as execute on its mission to offer ever-faster internet speeds, we believe there is significant scope for further orders with this customer,’ company says. ---------- Fevara PLC - Carlisle, England-based agriculture products, including livestock supplements formerly called Carr’s Group PLC - Announces the completion of a new banking facility with HSBC. The new facility consists of a revolving credit facility with £20 million of committed facilities and a further £10 million of uncommitted facilities. The banking facility is valid for three years and expires in November 2028, with two further one-year extension periods beyond this date. ---------- Pembroke VCT PLC - venture capital trust - Net asset value per share declines to 99.0 pence at September 30 from 103.2p the year prior. Dividend is unchanged at 2.0p per share. Net asset value total return per share is 141.0p up from 140.2p the year prior. ‘The board and the manager continue to seek out investment opportunities and to support our existing portfolio. Whilst we remain conscious of the macro-economic environment and the venture capital market of the UK, the board is confiden that the founders of our portfolio companies will continue to adapt and seek growth opportunities. We shall continue to work with the investment manager to generate further shareholder returns. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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