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The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Announces the renewal of the group’s banking facilities, which were due to mature in October 2026. The renewed £60 million revolving credit facility and a £50 million term loan are for an initial three-year term, with two extension options, each of one further year, and are provided by existing lenders, HSBC Holdings PLC and Barclays PLC. The increased facilities are provided at the same pricing as the existing facility and also incorporate an accordion feature allowing the group to increase the facility by up to an additional £40 million. ---------- Metals One PLC - London-based metals exploration and development company - Signs a binding term sheet to lend an additional C$4.0 million to Lions Bay Capital Inc by way of promissory note bearing interest at a rate of 20% per annum. Metals One originally invested C$750,000 in equity in Lions Bay Capital in August for a 19.1% shareholding. In November, Metals One announced an investment of up to $1.8 million through a convertible loan note in Lions Bay Capital’s South African joint venture, Lions Bay Resources. ‘Lions Bay Capital has access under its umbrella to two of the most compelling precious and critical minerals opportunities we have seen for a long time. Through advancing the Loan, Metals One, can enable Lions Bay Capital to unlock these opportunities without delay and create significant value for its shareholders including Metals One,’ says Managing Director Daniel Maling. ---------- Fiinu PLC - Weybridge, Surrey financial technology provider - Continues to make constructive progress on its white-label partnership with Conister Bank, with the project reaching a number of important milestones. These include, Conister Bank having just received regulatory approval, the start of user acceptance testing within Fiinu’s production environment for the Conister Bank plugin overdraft, powered by Fiinu. Both parties are now targeting a launch in the first quarter of 2026. Fiinu confirms that, ‘while there are outstanding actions on both sides, there are currently no known insurmountable technical or operational issues that would prevent launch within the expected timeframe.’ In parallel with its work with Conister Bank, Fiinu continues to engage in discussions with a number of other European banks regarding potential white-label deployments of the plugin overdraft platform. ---------- Huddled Group PLC - investor in e-commerce brands - Says revenue in 2025 will be around £19 million, up 47% year-on-year, with Discount Dragon and Nutricircle Basket margin up significantly in the second half versus the first. Says focus in the second half has been on consistency, both in terms of average order value and basket margin. Whilst this has led to revenue being flat compared to the first half, it has enabled both Discount Dragon and Nutricircle to achieve divisional adjusted earnings before interest, tax, depreciation and amortisation profitability in recent months, Huddled says. ---------- Baronsmead Venture Trust PLC - UK-focused venture capital trust managed by Gresham House PLC - Net asset value per share increases 1.5% to 53.62 pence at September 30 from 52.84p the year prior. ‘This was as a result of an increase in the value of the unquoted portfolio and a recovery in the value of the AIM listed portfolio in the second half of the year,’ company explains. Declares final dividend of 2.0p per share, after an interim payout of 1.75p. ‘Although we are encouraged by this second year of growth in net asset value and the exit activity set out later in this report, the board recognises that there needs to be a sustained improvement in investment performance to recover the loss of value suffered in previous years,’ company adds. ---------- GRIT Investment Trust PLC - investor in small and mid-capitalisation natural resources and mining companies - At March 31, says the company had net liabilities equivalent to 2.51 pence deficit per share reduced from 3.20p net deficit per share the year prior. Notes the continuing war in Ukraine, elevated levels of global inflation and subdued economic conditions continue to have a detrimental effect in equity markets. Continues to work on acquisition of Nabirm Global LLC through a reverse takeover. ‘If an RTO transaction can be achieved the board continues to believe it will provide a platform for the future growth of the company and a positive outcome for shareholders,’ GRIT says. ---------- Electric Guitar PLC - London-based cash shell - Continues to pursue its proposed acquisition of US energy and digital infrastructure company, Dunbar Energy Inc, which would constitute a reverse takeover. Detailed talks have continued since reaching the agreement in principle in July. While finalising these discussions has delayed the due diligence process and therefore the signing of definitive legal agreements, the board expects the proposed RTO to be put to shareholders for approval in the first quarter of 2026. In addition, expects to publish unaudited interim results for the six months to September before the end of December. ---------- daVictus PLC - Subang Jaya, Malaysia-based investor, which is focused on Asia’s food and beverage sector - Pretax profit falls to £8,482 in the financial year to December 2024 from restated £85,751 in 2023. Revenue is unchanged at £300,000, while administrative expenses increase to £291,518 from restated £214,254. ‘Subsequent to the financial year end, the company has terminated its franchise businesses and has fully redirected its focus towards the provision of Business and Management Consultancy services, which management believes offers greater scalability and sustainable growth opportunities,’ company says. ‘We are confident that this diversification strategy will position Davictus Plc for long-term success as we continue to deliver value to all stakeholders,’ company adds. ---------- Prudential PLC - London-based insurer - Confirms that the third and final tranche of its $2 billion share buyback programme for $500 million announced and commenced in July has now completed. As previously indicated, the company intends to commence a further share buyback programme in early 2026. ---------- Northamber PLC - London-based distributor of audio-visual and information technology equipment - Pretax loss widens to £4.0 million in the financial year to June from £1.5 million the year prior, despite revenue rising 13% to £63.3 million from £56.0 million. Bottom line hurt by increase in administrative costs to £7.5 million from £4.3 million which includes a number of one-off restructuring, integration and legacy clean-up costs. Calls financial 2025 a year of ‘deliberate transition, focused on reshaping Northamber into a more scalable, value-add technology distribution platform, with broader geographic reach and a more disciplined economic model.’ Says ‘while trading conditions in the first half of FY26 remain subdued in the UK, trading conditions in Ireland and the Benelux have been more resilient, and demand trends across the group are strengthening.’ Declares dividend of 0.3 pence per share, unchanged year-on-year. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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