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The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News. ---------- Gfinity PLC - London-based e-sports and gaming services company - Reports results for year ended June 30. Revenue falls 55% to £860,580 from £1.9 million a year prior. Pretax loss narrows to £780,877 from £989,273. Administration expenses drop 61% £664,449. Calls 2025 ‘a difficult year’ amid industry changes brought upon the advent of large language models by companies such as OpenAI, X and Google. Says its focus on cost reduction, budgetary restraint and offering a quality product has allowed it to navigate the period which saw many digital publishers close down. Notes successful onboarding of Connected IQ and its new 51% owned subsidiary in Yentra.AI during the year. Says these transactions allow it to enter the new financial year in a much stronger position. Looking ahead, says a focus on both AI and its legacy Digital Media operations offers it excellent growth potential. Emphasizes continued cost management. ---------- Harena Rare Earths PLC - rare earths company focused on the Ampasindava ionic clay rare earth project in Madagascar - Provides operational updates regarding talks with the US International Development Finance Corporation and the submission of its pre-feasibility study for the Ampasindava. Harena is now moving into a formal application process with the DFC for project development finance of up to $5 million, intended to support the next phase of development activities at Ampasindava. Says this is ‘an important step forward in advancing its project financing strategy and in building relationships with US government-backed development finance institutions.’ Further, completes the technical submission of its PFS and is now engaged in a collaborative and highly interactive review process with the Ministry of Mines of the Republic of Madagascar, to ensure the study aligns with the Ministry’s specific, prescribed formatting requirements. Says the submission ‘represents a key milestone for Harena as it progresses towards the award of an exploitation permit’ for Ampasindava. Remains focused on working closely with the Ministry to ensure alignment across both technical and commercial aspects of Ampasindava as it progresses along its anticipated permitting timeline. ---------- Feedback PLC - London-based provider of software and systems for use in clinical settings - Provides trading update for six months November 30. Expects project revenue around €400,000 for the period, flat compared to a year ago. Cash outlook remains in line with expectations and continues to have sufficient cash runway through to mid-2027. Says backdrop is stabilising after last year’s uncertainty and disruption across the NHS. Notes increased focus from policymakers and NHS management on the role of technology and digitisation in reducing NHS waiting times and moves towards neighbourhood healthcare. Management expects sales momentum could build around the next tax year with the company positioned to scale quickly and effectively. Chief Executive Tom Oakley says: ‘The 10-year plan and direction of travel of the NHS are clearly aligned with the solutions we provide. Spending Review funding is due to be released to the NHS frontline for 2026/27, and we believe that this combined with an increasing recognition of the role of technology in healthcare will drive a new phase of commercialisation for Feedback.’ ---------- Nexteq PLC - Cambridge, England-based technology solutions provider to customers in selected industrial markets - Says 2025 trading has remained robust across both divisions and expects revenue and adjusted pretax profit in line with market expectations. Says focus on three-year plan has yielded strong results. Expects to show significant improvements in pipeline growth, revenue from new IP and an increase in over-$1 million customers. ‘A focus on technology development and innovation is driving delivery of the product roadmap and therefore building pipeline opportunities for longer term, sustainable growth,’ comments. Negatively, delivery of the plan is expected to be delayed 12 months to the end of 2028. Cites a period of uncertainty for the Gaming division after the acquisition of its largest customer. However, says there is a significant mid-term new business opportunity for Nexteq with the acquirer, which is developing quickly, but which presents a short-term revenue challenge. As a result Nexteq now expects revenue for 2026 to be not less than $85 million with a consequential impact on profitability. ---------- Aferian PLC - Cambridge, England-based business-to-business video streaming company - Expects 2025 revenue to increase 20% on-year to $31.5 million. Cites sales execution in the Amino business which has resulted in higher order volumes from existing PayTV customers as well as new deployments in Enterprise and Digital Signage. Also, advance orders from Amino customers for 2026 are at slightly higher levels compared to the same point last year. Says new customer wins have significantly strengthened the sales pipeline of 24i, due to product innovation including enhancements to the 24i video cloud. Net debt is $16.0 million at November 30, including a $2.1 million loan arranged by its largest shareholder, Kestrel Partners LLP that matures on January 31. Says cash flow and working capital continue to be carefully managed. ---------- MOH Nippon PLC - crowdfunding services provider for real estate investment in Japan - First half net other operating income is JP¥334.1 million, about £1.7 million, compared to JP¥346.9 million a year ago. Pretax profit rises to JP¥73.9 million from JP¥235.1 million a year ago. Revenue nil. Administrative expenses decline to JP¥263.8 million from JP¥896.7 million. Working capital to maintain operations past March is dependent on the disposal of the second-series investment of JP¥1.4 billion in the Soemon-cho Project, which is yet to complete. Is currently exploring the disposal of other projects it if it does not complete. Chief Executive Officer Hoken Yanase says: ‘The past six months have presented both challenges and opportunities for the Group. We are undergoing a transition from a traditional real estate investment platform to an advanced technology integrated real estate platform. This transformation requires not only the optimisation of our existing business structure, but also comprehensive upgrades in technology, talent and operating models.’ ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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