|
The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- Topps Tiles PLC - Leicestershire-based tile retailer - Annual earnings improve, though it notes sales growth has slowed in recent weeks. For the year ended September 27, Topps Tiles swings to a pretax profit of £8.3 million, from a loss of £16.2 million, as revenue improves 18% to £295.8 million from £251.8 million. Topps Tiles’ like-for-like revenue improves 5.3%, after a 9.1% slide in the prior year. It is a ‘market beating performance’, Topps Tiles adds. It raises its final dividend by 75% to 2.1 pence per share from 1.2p. The total dividend is 21% higher at 2.9p from 2.4p. Sales growth is 3.3% in the first nine weeks of the new year, excluding CTD, which Topps Tiles bought in August 2024. Topps Tiles’ like-for-like sales are up 2.0%. ‘Sales growth over the first nine weeks of the new financial year have moderated due to weaker consumer confidence,’ it explains. Also, on Monday it announced the appointment of Caroline Browne as chief financial officer from the spring. Browne replaces Stephen Hopson. Browne is currently the finance & investor relations director at Watches of Switzerland Group PLC. ‘Prior to Watches of Switzerland, she was the group financial controller at Next PLC and held several senior finance positions at Boots,’ Topps added. In June, Topps announced Hopson would leave to join pub operator Marston’s PLC. He joined Marston’s in September. Topps had named Mike Killick as interim CFO. It added on Monday that Rob Swales recently became interim CFO, replacing Killick. Swales was formerly commercial finance director at retailer Pepco Group NV. ---------- Gooch & Housego PLC - Somerset, England-based manufacturer of optical components and systems - Pretax profit in the year ended September 30 rises 27% to £5.3 million from £4.2 million, with revenue climbing 11% to £150.5 million from £136.0 million. Gooch & Housego keeps its final dividend at 8.3p per share, meaning an annual payout of 13.2p, also unchanged on-year. ‘I am delighted with the substantial progress the group has made in FY2025. Our operational performance has shown sustained improvement and resilience in the face of a complex and uncertain macroeconomic environment, with unprecedented supply chain and tariff challenges,’ Chief Executive Officer Charlie Peppiatt says. ‘With our growing order book and differentiated photonics expertise aligned to markets with structural growth from megatrends, we remain confident in our ability to deliver further progress.’ It is confident of ‘profitable growth in the medium term’. ---------- IG Design Group PLC - Buckinghamshire, England-based firm that makes celebration products, including greeting cards, gift wrap, Christmas crackers and partyware - ‘Softer UK demand’ and tariff uncertainty stemming from the US keep a lid on half-year earnings, IG Design says. Pretax profit in the first half ended September 30 falls 54% to $3.7 million from $8.0 million. Revenue falls 13% to $131.4 million from $151.3 million. ‘IG Design delivered a solid performance in the period. This was supported by disciplined execution and firm cost-control measures across the group. While the macro environment remains mixed, we know exactly what we need to do to continue strengthening the business,’ Interim Executive Chair Stewart Gilliland says. IG Design still expects annual revenue between $270 million and $280 million. This will be well down on $729.3 million in financial 2025 and reflects IG Design’s disposal of its loss-making US business back in May. ---------- Celebrus Technologies PLC - Sunbury-on-Thames, England-based data management platform - Celebrus swings to a pretax loss of $2.3 million in the six months to September 30, from profit of $250,000 a year prior. Revenue decreases 40% to $10.4 million from $17.2 million. ‘Our focus for the rest of FY26 on growing and closing the late-stage pipeline is total and the board remains comfortable that the group continues to trade in line with its expectations. The group is mindful however of the current market uncertainty with slower decisioning and tighter budgets remaining a feature inevitable slowing down deal closure. The board continues to monitor this closely, but we believe we are well placed to navigate these challenges,’ Celebrus says. ---------- System1 Group PLC - London-based marketing firm - Pretax profit in six months to September 30 slumps 90% to £254,000 from £2.6 million a year prior. Revenue falls 6.6% to £17.1 million from £18.3 million. System1 ‘experienced lower, but ongoing, spend from many of its largest clients during H1, due to the wider macroeconomic uncertainty’. It continues to trade in line with guidance, expecting revenue largely in line with the £37 million achieved in financial 2025. ---------- Severfield PLC - North Yorkshire, England-based maker of structural steel in the UK and India - Pretax loss widens to £7.6 million in six months to September 27, from £5.8 million a year prior, as revenue declines 18% to £206.0 million from £252.3 million. Severfield decides against an interim dividend, after a 1.4p per share payout a year prior. Severfield says: ‘The results for the first half of FY26, which are in line with expectations, reflect a continued challenging market backdrop across the UK and Europe. Financial performance in H1 was impacted by lower levels of activity across the group, driven by subdued demand, some contract delays, and a sustained period of tighter pricing, particularly for near-term work.’ Severfield says the market backdrop ‘remains uncertain’. ‘This is leading to some projects, including key ’anchor’ projects, either not being awarded or progressing more slowly than expected and, in the near term, reduced industry demand is contributing to significant pricing pressure,’ it cautions. ---------- Mercia Asset Management PLC - alternative asset manager focused on regional UK small and medium enterprises - Assets under management as of the September 30 half-year end rise to £2.00 billion from £1.84 billion a year prior. They are largely unmoved from £1.99 billion from the end of March. It reports inflows of £52 million for the six months to September 30, and notes a £16 million boost to AuM from performance. Mercia says £56 million of distributions were made to both fund investors and Mercia shareholders, detracting from AuM. Pot-period end inflows amount to £38 million, it adds. Mercia Asset says revenue in the six months declines 3.9% on-year to £17.2 million from £17.9 million a year prior, though pretax profit edges up 1.1% to £2.5 million from £2.4 million. Mercia Asset ups its interim dividend to 0.39p share from 0.37p. ---------- Image Scan Holdings PLC - Leicestershire, England-based provider of X-ray screening systems - Revenue falls and its loss widens in a year of ‘contrasts’. Pretax loss in the year ended September 30 amounts to £288,024, swinging from profit of £207,767. Revenue falls 43% to £1.6 million from £2.9 million. ‘The first half was marked by global uncertainty and delayed procurement decisions, which impacted our revenues and resulted in a loss for the year. However, I am proud of how the team responded-demonstrating resilience, discipline, and a relentless focus on operational efficiency,’ CEO Vince Deery says. ‘The second half saw a clear turnaround, with improved activity levels, a return to profitable trading, and a robust closing order book. Our cash position is strong, and we continue to invest in product innovation and strategic partnerships to drive future growth.’ ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
