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The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Tortilla Mexican Grill PLC - London-based fast-casual Mexican restaurant chain - The company expects to report revenue for the year to December 28 of £73.8 million, a rise of 8.5%. It hails a ‘UK market outperformance’, with like-for-like sales rising 6.3%. In France, it sees ‘early positive indicators from converted stores’. Seven Fresh Burritos sites have now been converted successfully to the Tortilla brand. ‘The group has had a positive start to the year, with the UK outperforming the market in each of the first three weeks of 2026. We continue to assume that pressure on UK employment could have a downward impact on the consumer economy this year. Cost headwinds seen in FY25 and those announced in the autumn budget will continue into FY26 therefore, in line with others in the sector, we will review our pricing,’ it adds. ‘The board remains confident that the outlook for FY26 will continue to show good improvement over FY25.’ ---------- Gulf Marine Services PLC - London and Abu Dhabi-based operator of self-propelled self-elevating support vessels for offshore energy industry - GMS gets a ‘variation order’ from a major national oil company in the Middle East. It is for an extension to an existing pact for two vessels, adding six years of contract duration. ‘This variation reinforces GMS’s strong partnership with the client and its continued commitment to supporting the region’s offshore energy operations,’ the company says. Its backlog now stands at $700 million. ---------- Equipmake Holdings PLC - Norfolk, England-based maker of electric motors, inverters and zero-emission electric drivetrains and power electronic systems - Equipmake receives a further £2.4 million order from Agrale SA to supply electric drivetrain systems for 23 buses ‘of varying types’. ‘We are delighted to receive a further order with Agrale which demonstrates the confidence that they have in our ability to deliver Equipmake systems in South America. The successful deployment of the initial fleet in Buenos Aires has led to this follow-on order which helps cement the relationship with such an important customer together with our shared commitment to developing a robust sustainable transport network in the region,’ CEO Ian Foley says. ---------- Avation PLC - Singapore-based commercial aircraft leasing company - Begins the lease and delivery of ATR 72-600 aircraft to Colombian carrier Clic Air. ‘We are pleased to have completed the transition of an ATR72-600 MSN 1473 for a six year lease,’ Avation Executive Chair Jeff Chatfield says. ---------- Cloudbreak Discovery PLC - gold and metals project developer targeting Western Australia - Cloudbreak announces ‘multiple gold targets’ have been identified after a survey at the Darlot West asset in Western Australia. ‘The interpretation further validates the company’s view on the potential of the Darlot West gold project,’ Cloudbreak adds. ---------- Strategic Minerals PLC - London-based mineral producer, which operates in the UK, US and Australia - Drilling at the Redmoor asset show a ‘trifecta of high-grade tungsten, tin and copper intersections’. ‘Drillhole results continue to return multiple zones of high-grade tin and copper intersections, supporting the presence and continuity of tin-copper lode structures within the existing Redmoor mineral resource, which will be further modelled,’ Managing Director Dennis Rowland says. ---------- Powerhouse Energy Group PLC - Bingley, England-based firm focused on turning non-recyclable waste into low carbon energy - Powerhourse submits a full planning application to the Mid & East Antrim Borough Council in Northern Ireland for a proposed 40 tonne per day waste-to-hydrogen facility. The facility will be located at the Silverwood Business Park in the town of Ballymena. ---------- Malvern International PLC - London-based learning and skills development company - Malvern signs an exclusive 15-year deal with London Metropolitan University. The deal aims to ‘rapidly expand the international student body starting in September 2026’. ‘Operating out of LMU’s international study centre based at the Holloway campus, Malvern, will deliver undergraduate foundation and pre-master’s programmes, supporting international students to progress onto a variety of undergraduate and postgraduate courses,’ Malvern says. ---------- MedPal AI PLC - London-based digital health and AI company - Its MedPal Ltd subsidiary has been approved as an authorised purchaser of Eli Lilly & Co pharmaceutical products in the UK. ‘The approval enables the company to purchase and dispense Eli Lilly’s portfolio of medications, including Mounjaro, the GLP-1 receptor agonist approved for the treatment of type 2 diabetes and weight management,’ MedPal says. MedPal AI Chief Executive Officer Jason Drummond says this is an ‘important milestone’ for the company. ‘Access to Mounjaro strengthens our ability to serve patients through MedPal.clinic, where our AI triage technology connects individuals with appropriate clinical pathways for weight management. With our robotic dispensing facility in Swaffham, we are well positioned to meet growing patient demand,’ the CEO says. ---------- Kooth PLC - London-based company offering digital mental health services - Revenue for 2025 of £63.3 million is expected, falling from £66.7 million in 2024, but ‘broadly in line with expectations’. It puts consensus at £64.8 million. Kooth says the outcome reflects ‘foreign exchange movements and a delay to the signing of a new contract with a US state’. Kooth expects adjusted earnings before interest, tax, depreciation, and amortisation ahead of market expectations, which it puts at £9.5 million. The adjusted Ebitda in 2024 amounted to £15.8 million, a sharp rise from £2.3 million the year prior. Kooth last week announced the signing of a deal with a US state. The one year contract with the undisclosed state is for the provision of digital mental health services for up to 100,000 students. The contract has an expected value of $2.6 million. ---------- Physiomics PLC - Oxfordshire, England-based mathematical modelling for the development of new therapeutics and personalised medicines - The firm wins a new deal with existing partner Numab Therapeutics AG. The deal will see the company’s ‘modelling expertise’ applied to Numab’s pipeline, Physiomics says. It aims to ‘accelerate the development of innovative therapies’. ---------- Sorted Group Holdings PLC - Manchester-based delivery platform operator - Receives a roughly £308,000 cash sum stemming from a successful UK research and development tax claim for the year 2024. ‘The group intends to apply the proceeds of the R&D tax credit claim towards the general working capital requirements of the group,’ it adds. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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