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The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Victorian Plumbing Group PLC - Lancashire, England-based bathroom retailer - Pretax profit jumps 68% to £15.1 million in the financial year ended September from £9.0 million the year prior as revenue climbs 4.8% to £310.0 million from £295.7 million. Diluted earnings per share balloon to 4.2 pence from 1.7p, or grow by 1.9% to 5.4p from 5.3p on an adjusted per share basis. The dividend increases 34% to 2.15p per share from 1.61p. Sales growth reflects ongoing market share gains, the company says. Order volume grows to a record 1.1 million from 1.0 million a year ago, but the average order value decreases by 1.0% to £287 from £290. Gross profit margin of 49.4% declines from 50.0%, reflecting the introduction of the extended producer responsibility tax from April 1, and a change in product category and channel mix across the year. Reports a ‘positive start to the current financial year with continued revenue growth across all categories, and in line with market expectations.’ ---------- Theracryf PLC - Cheshire, England-based pharmaceutical firm focused on cancer treatment and brain disorders - Pretax loss widens to £1.3 million in the six months to September from £1.2 million a year prior. Revenue is nil, unchanged, while operating expenses edge up to £1.3 million from £1.2 million. Diluted losses per share total 0.06 pence compared to LPS of 0.29p a year ago. Theracryf says its addiction-treatment programme, Ox-1, made significant progress in the period and is on track for regulatory submission in the fourth quarter of 2026. Cash runway outlook is unchanged from previous guidance to the end of 2026, excluding any potential milestone payments. ‘I anticipate multiple opportunities for strong news flow in Q1 and throughout 2026 as we drive towards the clinic and I look forward to working with the team to ensure the value of these important steps in the company’s growth is communicated effectively,’ says Chair Alastair Smith. ---------- Ondo InsurTech PLC - London-based claim prevention technology company - Pretax loss widens to £3.9 million in the six months to the end of September from £2.4 million a year ago. Revenue jumps 26% to £2.1 million from £1.7 million, while administrative expenses climb 28% to £3.2 million from £2.5 million. Recurring revenue doubles to £1.8 million from £900,000. The company says it expects revenue in the current year to be between £4.5 million and £5.0 million and that earnings before interest, tax, depreciation and amortisation loss will be between £5.0 million and £5.5 million. Company points out that the US is a ‘key driver’ of growth and is now Ondo’s biggest market with 51% of total revenue. ‘I’m very encouraged by the momentum we’ve built in the US. Delivering seven-fold growth has validated both our model and the size of the opportunity. With strong partner demand and a growing pipeline, this is the right moment to invest in building a truly national US solution so we can support expansion across the whole of the United States and cement our position as the market leading solution,’ comments Chief Executive Craig Foster. Ondo ends the period with cash of £600,000. In addition, the firm intends to secure £2.2 million in a fundraise from new and existing institutional investors and other investors. It says the fundraising will be at a price of 25p per share in a placing to raise not less than £1.4 million, a direct subscription to raise £760,000 and a retail offering to existing shareholders. Proceeds will be used to accelerate the firm’s commercial progress in the US through the expansion of US plumber coverage and infrastructure, the company says. ---------- SysGroup PLC - Liverpool, England-based IT services, cybersecurity and cloud hosting provider - Pretax loss widens to £1.6 million in the six months ended September from £1.1 million the year prior. Revenue drops to £9.9 million from £10.2 million but improves by 10% in the second quarter from the first. Gross margin declines to 48.5% from 49.6%. Adjusted earnings before interest, tax, depreciation and amortisation halve to £200,000 from £400,000. Managed IT Services revenue stabilises and is now well positioned to return to growth after two years of decline, the company says, while cybersecurity represents a ‘significant and fast-growing revenue stream’, comprising 47% of revenue in the period. SysGroup says AI is delivering a measurable return on investment, with service desk reduced from 36 to 22 and throughput per engineer increased by 17%. ‘Looking ahead, we expect a stronger H2 than H1, with improved Ebitda driven by AI-enabled efficiency and productivity gains. Full-year performance is expected to be in line with expectations,’ says Executive Chair Heejae Chae. ‘SysGroup is well positioned for margin expansion and a return to growth in FY27,’ Chae adds. ---------- SDI Group PLC - Cambridge, England-based maker of scientific and technology products for digital imaging and sensing control applications - Pretax profit leaps 47% to £2.5 million in the six months to October 31 from £1.7 million the year prior as revenue increases 10% to £34.0 million from £30.9 million. Diluted earnings per share total 1.70 pence, up from 1.18p. Organic revenue grows 3.2%, or 3.0% on a constant currency basis, with 6.9% growth from acquisitions. ‘We have delivered a great set of results despite challenging market conditions,’ says Chief Executive Stephen Brown. ‘Whilst we do not expect these conditions to improve significantly in the near term, we remain on track to meet full-year market expectations,’ he adds. Brown says market consensus for financial 2026 is for revenue of £75.2 million, adjusted operating profit of £11.4 million and adjusted pretax profit of £9.8 million. In the financial year to April, 2025, SDI reported revenue of £66.2 million, adjusted operating profit of £10.0 million and adjusted pretax profit of £8.5 million. SDI says its acquisition pipeline ‘remains active’, with potential for further M&A in financial 2026. ---------- NextEnergy Solar Fund Ltd - Jersey-registered investor in environmental infrastructure in the UK and Europe - Net asset value per share falls 6.6% to 88.8 pence at September 30 from 95.1p at March 31, primarily driven by a reduction in power price forecasts from third-party consultants. Declares dividends of 4.21p per share in the six months to September, unchanged from a year ago, and reconfirms the full-year dividend target guidance of 8.43p per share. ‘The board continues to monitor the company’s ordinary share price and strongly believes that the current discount to net assets is wholly unjustified, given our operating performance, the success of asset disposals above NAV, our well-structured balance sheet, and a cash-covered dividend. The board is continuing to take steps to address this discount,’ comments Interim Chair Paul Le Page. ---------- STS Global Income & Growth Trust - UK-based investment trust which invests in a portfolio of global equities - Net asset value per share, ex-income, edges down to 239.11 pence at September 30 from 239.26p six months earlier. Despite this, the dividend increases to 4.20p per share in the six months to September from 3.17p. STS explains that performance lagged its comparison index, the Lipper/Global-Equity/Global/Income/Index, which recorded a return of 8.3%. ‘While we are disappointed not to have matched that performance level, we believe your manager’s philosophy and portfolio positioning has remained consistent, and the gap is explained by current market dynamics,’ STS says. Looking forward, STS recognises that global equity markets may face a number of headwinds but believes it is well positioned for any potential ’bumpiness’ ahead. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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