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The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: ---------- Globalworth Real Estate Investments Ltd - real estate investor focused on Central and Eastern Europe - Swings to pretax profit of €37.5 million in 2025 from €84.6 million loss in 2024. Revenue edges lower to €236.3 million from €238.3 million but bottom line benefits from reduced fair value loss on investment property. This drops to €15.0 million from €99.8 million. Prior year also impacted by loss on disposal of subsidiary of €24.6 million. Says the total combined portfolio market value slightly increases by 0.9% reaching €2.6 billion, primarily influenced by small revaluation gains, while average occupancy of combined standing portfolio was 85.4% as of December 31, down 1.4% from 2024 year-end. ---------- Blue Star Capital PLC - Investor focused on blockchain, e-sports, and payments - Pretax loss narrows to £665,606 in 2025 from £4.5 million in 2024. Revenue is zero, unchanged. Fair value movements in financial instruments designated at fair value through profit or loss drops to £346,928 from £4.3 million. Basic LPS is 1.93 pence, up from 0.09p. Blue Star says: ‘The last year has been one of significant change for Blue Star. We have more than doubled our shareholding in SatoshiPay to around 58% on a diluted basis. SatoshiPay, through its 100% owned business Vortex, has launched a fiat-to-crypto infrastructure platform to enable foreign exchange and instant, low-cost transactions.’ Adds: ‘Vortex is now firmly established in Brazil, growing quickly and planning to offer a full money transfer business later this year. Although Vortex is performing strongly, It remains early-stage and is therefore difficult to value. Despite this uncertainty, the board believes progress over the last year justifies its confidence in SatoshiPay and the potential for it to provide significant returns for Blue Star shareholders.’ ---------- Beowulf Mining PLC - exploration for iron ore, graphite, gold and base metals in Sweden, Finland and Kosovo - Pretax loss from continuing operations is unchanged at £1.7 million in 2025 compared to 2024. Beowulf says it continues to review alternative, non-dilutive sources of capital to support the development of its portfolio at the asset level and hopes to be able to update the market in due course. These potential sources of longer-term funding are currently at non-binding stages, ‘so no assurance can be given that they will successfully complete, or on the final terms of which any such transactions may be completed.’ In addition, Beowulf says whilst it hopes to be able to announce positive progress in the near-term, ‘the timelines to close each transaction remain open’. If the transactions, and in particular, the sale of Vardar, fail to close or closing is delayed, the company will need to secure additional financing and working capital by early April, it says. Accordingly, it is currently working with its advisers in Sweden and the UK to procure additional near-term financing. ‘While discussions are progressing, there can be no certainty that such financing can be obtained or on the terms of any financing.’ ---------- Vox Valor Capital Ltd - London-based technology investment company - Swings to pretax profit of £76,499 in the six months to November from loss of £616,070 the year prior. Revenue drops to £5.2 million from £6.2 million, but bottom line benefits from fall in operating costs to £5.1 million from £6.5 million. Vox Valor says it is ‘cautiously optimistic’ that the group will be able to continue its revenue growth trajectory and contain its operating expenses despite continued inflation, which may increase the cost of the services that the group provides. ‘The board is also continuing to evaluate any acquisition and commercial partnership opportunities in the wider mobile marketing and advertising sector, including digital and mobile marketing opportunities in the Web3 and blockchain sector.’ ---------- B&M European Value Retail SA - value retailer - Announces the company is now registered in Jersey as B&M European Value Retail PLC under company number 164498. Was previously registered in Luxembourg. ---------- Medpal AI PLC - London-based digital health and AI company - Pretax loss widens to £4.0 million in the financial year to August from £13,587 the year prior. This reflects £1.8 million listing costs and rise in operating costs to £2.2 million from £13,587 the year before. ‘In just six months since our AIM admission we have transformed MedPal from a pre-revenue company into a fully vertically integrated digital health platform,’ Chief Executive Jason Drummond says. ‘With nearly 8,000 app installs, over 70,000 items dispensed, an Eli Lilly direct supply agreement secured and our Frankfurt listing now live, we have built strong momentum and multiple clear pathways for accelerated growth. The board views the future with considerable confidence.’ ---------- Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Provides update on formal sale process. Says one of parties evaluating the possible acquisition of Kore Potash decides to suspend its interest in acquiring the company for internal reasons. Kore Potash says one other party remains engaged in the FSP and is continuing its due diligence exercise. ---------- Oxford Nanopore Technologies PLC - Oxford-based specialist in DNA and RNA sequencing technologies - Notes that in the Australian patent proceedings against MGI Australia Pty Ltd et al, MGI has conceded that its ‘Cyclone SEQ WT02’ infringes four of Oxford Nanopore’s Australian patents. A trial has been set for 2027 at which MGI’s remaining defences will be adjudicated. Consideration of additional or enhanced damages will take place after the trial. Separately, in the UK, Oxford Nanopore has issued proceedings in the High Court alleging trade secrets infringement, breach of confidence and breach of contract against multiple MGI/ BGI entities. In both instances, Oxford Nanopore initiated legal proceedings to protect the intellectual property that underpins its sensing platform, supported by patents granted in Australia and in many other jurisdictions. The company continues to invest in innovation and is committed to safeguarding this IP as a core driver of long-term value creation for customers and partners worldwide. ---------- Everest Global PLC - Investor focused on the food and beverage distribution sector - Revenue for the financial year ended October was £566,755, up from £437,768 the year prior, with the company reporting a pretax loss from continuing operations of £1.1 million, widened from £629,780. Gross profit margins have continued to improve, reflecting better supplier terms and a more favourable product mix, Everest says. Administrative expenses have been ‘managed prudently’, with the company focused on ‘maintaining operational discipline while investing in future growth’. Cash generated from treasury activities during the prior year has been fully repaid and the treasury management strategy is ‘under review’. Everest says the focus for financial year ahead will be to continue growing ‘via acquisition, investment and joint ventures in the food and beverage industry, with a particular emphasis on the beverage distribution and production sector in the UK and the rest of Europe.’ The company will ‘require additional capital to invest in strategic opportunities as they arise’. ---------- Wellnex Life Ltd - Melbourne-based consumer healthcare products company - Reports ‘significant’ improvement in the first half of financial 2026 as revenue increases 8% to A$12.9 million. Gross margin improves 9.4 percentage points on corresponding prior period to 32.1%,reflecting improved cost control and operational efficiency. ‘Importantly’, says finished the second quarter operating at breakeven, providing ‘positive momentum’ heading into the second half of financial 2026. ‘During the period, the company began a strategic turnaround focused on transitioning to a leaner and more efficient operation with stronger management processes and tighter capital management,’ it says. Following the period end, Wellnex says it is reviewing funding options to raise capital, including towards settlement of related parties loans. In the second half of financial 2026, says focus remains on delivering ‘consistent performance with a goal of building long-term shareholder value.’ ---------- Winking Studios Ltd - Singapore-based video game services firm - Pretax profit rises to $578,000 in 2025 from $354,000 as revenue climbs 43% to $45.5 million from $31.9 million. Underlying organic revenue growth is 8.6%, with ‘momentum strengthening in second half of the year as expected.’ Mainland China and Hong Kong remain the largest revenue contributor, increasing 51% to $16.7 million from $11.1 million. US revenue more than doubles to $7.3 million from $3.5 million, driven mainly by the addition of Mineloader. Trading in 2026 has started in line with expectations, with outsourcing demand exceeding earlier expectations as the global games market enters a recovery phase, albeit with continued price sensitivity, Winking says. ‘Supported by favourable long-term market drivers, good revenue visibility, increased capacity and a robust balance sheet, the board is confident in the group’s positioning for FY2026 and its ability to continue executing its growth strategy.’ ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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