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The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: ---------- Schroder UK Mid Cap Fund PLC - investor in mid-cap equities, aiming to provide a total return in excess of the FTSE 250 (ex-Investment Companies) Index - Reports total return of positive 10.8% for the year ended September 30, ahead of the plus 6.7% generated by the FTSE 250 ex Investment Trusts Total Return Index. ‘The company has therefore outperformed its benchmark over the last one, three, and ten years, both in terms of NAV and share price,’ Schroder UK Mid Cap notes. Company also declares a 16.1 pence per share final dividend, which alongside the 6.3p interim payout brings the total dividend for the year to 22.4p, 4.2% higher than the prior year’s total. Schroder UK Mid Cap says that looking ahead, it remains confident in the long-term opportunity presented by UK mid caps, although the broader environment remains complex due to geopolitical tensions and the ever-present threat of tariffs. ---------- ActiveOps PLC - provider of decision intelligence software for service operations - Total revenue for the six months ended September 30 climbs 45% on-year to £20.8 million from £14.3 million. Reports pretax loss of £747,000, flipped from a profit of £470,000 the prior year. Adjusted pretax profit, which excludes costs related to mergers & acquisitions costs, rises 40% to around £700,000 from around £500,000. Adjusted earnings before interest, tax, depreciation and amortisation double to £2.0 million from £1.0 million. ‘The first half of FY26 has seen continued progress in the delivery of our strategy, supporting an accelerated organic growth rate, increased pace of new customer acquisition and major expansions with existing customers, all underpinned by continued profitability and cash generation,’ comments Executive Chair Richard Jeffery. ‘Since the period-end, I am pleased to report that trading has continued to be healthy...We are well-positioned for a strong second half, with current momentum expected to deliver full-year results in line with the recently upgraded market expectations.’ Company gives full-year market expectations as revenue between £42.4 million and £45.0 million; adjusted Ebitda of £3.4 million to £5.3 million; and adjusted pretax profit of £2.1 million to £4.4 million. ---------- Equipmake Holdings PLC - Norfolk, England-based maker of electric motors, inverters and zero-emission electric drivetrains and power electronic systems - Reports results for the year ended May 31. Turnover decreases to £3.5 million from £7.3 million. Pretax loss widens to £10.9 million from £9.1 million. Adjusted Ebitda loss widens to £8.6 million from £7.4 million. Equipmake says revenue decreased ‘against the backdrop of the challenges the group faced’, noting its ‘Formal strategic review process with decisive restructuring and refocusing activities, including finishing certain legacy loss-making contracts and a significant reduction in the group’s cost base’ during the period. Looking ahead, Non-Executive Chair Tim Metcalfe says: ‘The decisive restructuring and refocusing undertaken following the strategic review have positioned the company well to take advantage of the opportunities being presented. I believe that Equipmake has the right offering and strategy in place to deliver profitability and strong future growth.’ ---------- Inqo Investments Ltd - sub-Saharan Africa-focused social impact investment company - Revenue for the six months ended August 31 rises on-year to R 11.3 million from R 8.2 million. Pretax profit multiplies to R 9.9 million from R 1.3 million. Grant income more than doubles to R 13.2 million from R 5.1 million, and utilised grant funding falls to R 14.1 million from R 41.6 million. Company says Kuzuko Lodge (Pty) Ltd in South Africa continued to demonstrate significant operational momentum, with revenue growing by a ‘robust’ 40%, although the business reported a R 1.3 million widened interim loss. Inqo says this reflects a R 794,628 interest expense and notes that the period ‘falls just after the low tourism season’. ‘Given the strong underlying revenue growth, the directors remain confident that the Lodge is well-positioned to achieve another profitable outcome by the end of the financial year as the peak season approaches,’ Inqo says. Inqo currently generates 80% of its revenue from its holding in the Kuzuko Lodge. ---------- Andrada Mining Ltd - tin and tantalum producer in Namibia - Reports results for the six months ended August 31. Revenue increases by 12% on-year to £12.2 million from £10.8 million. Average tin price increases 6% to $33,154 per tonne from £31,397. Pretax loss narrows to £2.8 million from £3.2 million. Ore processed rises 10% to 527,583 tonnes from 481,504 tonnes, tin concentrate rises 14% to 858 tonnes from 752 tonnes, and tantalum concentrate: increases 12% to 27 tonnes from 24 tonnes. Andrada says administrative expenses decreased by 26% to £3.7 million from £5.0 million due to corporate restructuring. ---------- First Property Group PLC - UK and Central Europe-focused property fund manager and investor - Pretax profit for the six months ended September 30 increases to £1.5 million from £1.2 million. Revenue decreases to £3.7 million from £3.9 million. ‘The increase in profit was mainly a result of higher rent and service charge income from Blue Tower, Warsaw and a reduction in operating expenses to [£2.0 million from £2.4 million],’ First Property says. Total assets under management comprise £193 million as of September 30, down from £220 million six months prior. ‘I am pleased by these results which reflect continued improvement in the group’s underlying assets and operations,’ comments CEO Ben Habib. ‘The economic and market turmoil set in train by lockdowns, changing working habits, damaging government policies, increases in interest rates and a marked withdrawal of capital from the sector has made it very challenging for investors in commercial property. We have however, navigated these difficult times relatively well. The markets and economy continue to be challenging. Notwithstanding this, I anticipate we will successfully go on protecting asset values as best as possible and adding value whenever the opportunity to do so arises.’ ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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