|
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: ---------- Zambeef Products PLC - cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - Pretax profit rises 22% to $9.5 million in the financial year to September from $7.8 million the year prior as revenue edges up 2.5% to $302.6 million from $295.1 million. Describes performance as ‘resilient’, achieving earnings growth despite operating in a ‘challenging macroeconomic environment.’ Explains that the year was marked by currency volatility, elevated input costs, and continued national power shortages driven by the aftermath of the prior year’s severe drought. These conditions placed upward pressure on production costs, particularly through increased reliance on generator power and costly imported electricity, Zambeef says. Despite these headwinds, Zambeef generates ‘improved volumes across key categories, supported by strong commercial execution, disciplined cost management, and the ongoing benefits of operational optimisation initiatives.’ Looking ahead, Zambeef says: ‘As the current macroeconomic situation continues to improve, expectation is that there will be the easing off of the monetary policy which should in turn increase money supply and therefore demand for our products. With our strong brand presence and integrated business model, the group is well-positioned to capitalise on emerging growth opportunities and adapt to changing consumer dynamics.’ ---------- Amala Foods PLC - cash shell - Pretax loss narrows to £94,354 for the six months to September from from £95,254 the year prior. Administrative expenses fall to £37,621 from £49,054. No dividend is declared, unchanged year-on-year. Amala Foods says it is ‘actively seeking new opportunities that will lead to a reverse takeover.’ ---------- Lendinvest PLC - London-based non-bank mortgage lender - Swings to pretax profit of £1.2 million in the six months to September from a loss of £2.4 million the year prior. Net interest income rises 55% to £9.3 million from £6.0 million, while net fee income increases 9.4% to £11.6 million from £10.6 million. Funds under management increase 14% to £5.31 billion from £4.67 billion. New lending grows 23% to £663.6 million from £539.1 million. ‘As we look ahead, our focus remains on disciplined execution - scaling lending, protecting margins, and compounding profitability. While we experienced some temporary slowdown in property purchase activity ahead of the November budget, performance for the full year is expected to remain in line with market expectations,’ company says. ---------- Corcel PLC - oil exploration and production in Angola and Brazil - Raises £3 million by way of an equity placing at £0.0035 per share. The fundraising is conducted by Auctus Advisors and comprises two highly experienced new shareholders. ‘Their participation and leadership in the placing reflect strong conviction in the company’s strategy and long-term potential,’ Corcel says. Chief Executive Scott Gilbert says: ‘Their support provides us with additional strength and optionality as we enter a pivotal phase for the company. Operations are now underway on our 2D seismic programme at KON-16, and we continue to advance multiple workstreams as we pursue growth opportunities both in Angola and internationally across the E&P life cycle. With a busy operational schedule ahead, 2026 is set to be a transformative year for Corcel, with several key milestones expected to drive substantial growth in shareholder value.’ ---------- GreenRoc Strategic Materials PLC - Greenland-focused critical mineral project developer - Draws down €848,175 of loan funding from the Export and Investment Fund of Denmark to cover ‘key’ costs in the next phase of work related to the development of the Amitsoq graphite deposit and Active anode materials pilot plant. At Amitsoq, the funds will be utilised for: collection of bulk sample; gap analysis towards pre-feasibility study; preparations for Phase III drilling in 2026; and EIA field work. At the AAM plant, funds will be used for: hydrofluoric acid free purification optimisation test work; purchase of graphite mills; and warehouse for pilot plant, reconstruction and preparations for installation. ---------- Medpal AI PLC - London-based digital health and AI company focused on wellness management - Announces the release of a major upgrade to its MedPal AI wellness app on both iOS and Android platforms. The update introduces advanced AI capabilities. ‘The new unified AI assistant allows users to interact via text, voice, or image within a single chat interface covering wellness, fitness, sleep, recovery, and nutrition,’ company says. The updated app is now being rolled out across networks of UK gyms under the company’s partnership agreement with Epassi UK Ltd. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
