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The following is a round-up of earnings and trading updates for London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Aberforth Geared Value & Income Trust PLC - Edinburgh-based investment trust - Reports results for the six months ended December 31. Net asset value per share is 93.8 pence as of December 31, down from 95.9p one year prior and from 99.6p at June 30. NAV total return is minus 1.5% for the period. Company also declares a first interim dividend of 1.56p per share, up 4.0% from 1.50p the year before. ‘While the UK market lacks significant exposure to technology companies, the FTSE All-Share still delivered strong returns, ending 2025 at a record high,’ says Chair Angus Lennox. ‘This performance was driven by its larger companies, which are less exposed to concerns about UK politics and the outlook for the domestic economy than are its smaller companies.’ Looking ahead, he says he takes ‘encouragement from the renewed interest in larger companies,’ and that its managers are ‘optimistic about the future performance of AGVIT’s portfolio, particularly in view of the attractiveness of investee companies’ valuations at the present time.’ ---------- REA Group Ltd - Melbourne-based real estate advertising company - Carol Gysin steps down as managing director, effective immediately. Luke Robinow, who has worked at the company’s principal operating subsidiary PT REA Kaltim Plantations since 2008, and became president director of REA Kaltim in 2018, succeeds Gysin as an executive director and group managing director. However, he continues to reside in Indonesia, with Gysin fulfilling REA’s need for a London-based senior director to oversee the London office and its administrative activities. She remains as an executive director on a part time basis. Company also appoints Grant Lutz as a non-executive director. ---------- Blackrock Income & Growth Investment Trust PLC - London-based investment trust - Reports results for the year ended October 31. NAV per share is 245.97p as of the year’s end, up from 222.22 one year prior. NAV total return is plus 14.3% for the period, against plus 18.1% for the previous year. Underperforms against the FTSE All-Share Index, which gives a return of plus 22.5%, improved from plus 16.3%. Chair Graeme Proudfoot calls financial 2025 ‘one of the most tumultuous years in recent memory...shaped by significant volatility across global markets,’ but adds: ‘Despite this, equity markets on average performed strongly (albeit that strength was very concentrated) during the period under review, with the FTSE 100 reaching record highs, aided by strong earnings, low valuations, M&A activity and a weaker US dollar.’ Looking ahead, Proudfoot says: ‘Our portfolio managers anticipate further volatility in 2026 and recent events regarding Venezuela and Greenland certainly support that expectation. They do however believe that risk appetite may return in a more benign environment of easing monetary policy and falling inflation.’ ---------- DXS International PLC - Leicestershire, England-based healthcare information and clinical decision support systems provider - Reports results for the six months ended October 31. Revenue falls 2.6% to £1.68 million from £1.73 million the year before, as the company’s core recurring revenue model ‘remains resilient’. Pretax loss widens to £154,041 from £58,869. Grant income falls to £6,201 from £170,610. Available cash totals £160,400 as of October 31, up from £96,431. The company says it remains confident of meeting full-year market expectations. Chief Executive David Immelman comments: ‘At DXS, we remain focused on achieving shareholder value...We are sensing a shift in NHS urgency at an ICB level to resolve problems. We finally have the sense that we expect revenue to begin to grow in around April 2026. We are positive that the NHS is moving in the right direction with regards to their commitment to digital transformation as one solution.’ ---------- Great Western Mining Corp PLC - Nevada-focused gold, silver and copper explorer - Reports results from an IP geophysical survey and a reverse circulation drilling programme at the Rhyolite Dome prospect in its Olympic Gold epithermal precious metals project. Says six IP geophysical survey lines were successfully completed, and that data inversions identified a near-surface zone of anomalous resistivity that coincides with a mapped fault zone, as well as a chargeable feature at depth of approximately 25 milliradians. Four shallow RC drill holes, meanwhile, ‘intercepted several intervals of silicified rhyolite with locally common pyrite, together with hydrothermally altered volcanic rocks.’ Great Western says low concentrations of gold were also encountered, with maximum intercepts of five feet (1.5 metres) at 0.12 grams per tonne and 5 ft (1.5 m) at 0.11 g/t Au in hole RDRC005. Also reports ‘more significant’ silver intercepts including 70 ft (21.3 m) at 1.64 g/t in hole RDRC004. ---------- Pebble Beach Systems Group PLC - Surrey, England-based software company - Shares rise 4.3% in London, following Pebble Beach’s trading update for 2025. Says it continued to trade well after ‘a very encouraging first-half performance’. Expects revenue and adjusted earnings before interest, tax, depreciation and amortisation to be slightly ahead of current market expectations for revenue of £11.5 million and adjusted Ebitda of £4.0 million. It anticipates reporting revenue of around £12.2 million, up 6% from £11.5 million in 2024, and adjusted Ebitda rising 27% to around £4.2 million from £3.3 million. Annual recurring revenue increases 8% on-year to about £6.6 million. Pebble Beach also reports strong cash flow and expects to achieve a net cash position by the end of this year. Looking ahead, it ‘remains confident’ in its ‘prospects for continuing recurring revenue growth and further improvements in gross margin over 2026 and beyond, underpinned by high levels of contracted revenue.’ ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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