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The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: ---------- Henderson High Income Trust PLC - investing in dividend-paying UK companies - Net asset value per share at December 31 year end rises 14% to 198.77 pence from 174.72p 12 months earlier. NAV total return is 20.4%, just shy of benchmark’s 20.6%. Henderson High Income ups its payout by 2.8% to 10.90 pence per share from 10.60p. ---------- Strip Tinning Holdings PLC - Birmingham, England-based provider of connection systems to the automotive sector - Pretax loss in 2025 narrows to £2.3 million from £4.9 million, though revenue falls 4.8% to £8.6 million from £9.0 million. Administrative expenses decline 9.0% to £6.0 million from £6.6 million. ‘We believe that 2026 will be a year of execution for Strip Tinning, as the three new nominations enter serial production. We will continue the investment needed to maximise our success in delivering the strong Battery Technologies and Glazing sales nominations already secured, and once serial production is successfully underway in more aggressively pursuing new opportunities. I have utmost confidence in the executive team to deliver on the company’s growth plans and look forward with optimism,’ Non-Executive Chair Paul George says. The firm is ‘confident’ it can be earnings before interest, tax, depreciation, and amortisation positive from 2026. Its adjusted Ebitda loss in 2025 narrowed to £492,000 from £1.9 million in 2024. ---------- Sundae Bar PLC - operator of a unified marketplace for artificial intelligence agents - Pretax loss in year ended September 30 widens to £27.0 million from £2.4 million. Sundae Bar reports no revenue in either period. It reports an impairment of goodwill of £25.1 million, hitting its bottom line. The impairment was linked with its buy of Ora Technology PLC. ‘The goodwill recognised on acquisition represented the excess of the purchase consideration over the fair value of the identifiable net assets acquired and reflected expectations regarding the future growth and commercial potential of the sundae_bar platform,’ the firm says. It sealed the buy of Ora in April 2025. Ora Technology offers infrastructure that supports secure transactions, compliance and AI agents management. ---------- Helium One Global Ltd - London-based helium explorer in Tanzania, also has a 50% working interest in the Galactica project which is operated by Blue Star Helium Ltd - Pretax loss in six months to December 31 narrows to $1.7 million from $1.9 million, on no revenue in either period. ‘This has been a hugely significant period for the company across both our projects. We have further demonstrated the potential of the southern Rukwa Helium Project and are now pushing ahead seeking a strategic partner to assist with its future development; whilst, with our partner Blue Star, achieving first gas in the US,’ Chair James Smith says. Separately, it reports six wells have now been tied into the Pinon Canyon facility, sealing stage one of the development campaign at Galactica in Colorado. It says: ‘The global helium market continues to face structural supply chain disruptions, rationing, and surcharges particularly due to prolonged instability in Middle Eastern supply routes. This environment has significantly increased the demand for reliable, US-sourced domestic supply. The operator is leveraging these market tailwinds to advance its offtake strategy.’ Helium One also announces a fundraise of £3.5 million, through a subscription of 583.3 million new shares at a price of 0.6 pence each. In addition, it plans a retail offer targeting a further £1.0 million. ‘The net proceeds of the Fundraise will be utilised to further advance the Galactica project, maintain the southern Rukwa helium project whilst pursuing the farmout strategy, and for general working capital purposes,’ it explains. ---------- PetroTal Corp - Calgary, Alberta-based oil producer - Oil revenue in 2025 falls 15% to $316.9 million from $373.9 million in 2024, pushing net income 60% lower to $44.2 million from $111.5 million. ‘Recent strength in oil pricing is welcome, but cost reductions and capex optimization remain a key focus of our board and management team in 2026. We are continuing to target significant reductions in operating costs and run-rate G&A expense over the course of 2026,’ Chief Executive Officer Manuel Pablo Zuniga-Pflucker says. ---------- Altona Rare Earths PLC - Africa-focused resource exploration and development - Pretax loss in half-year ended December 31 narrows to £376,000 from £512,000. No revenue is reported in either year. ‘The reported period has been very important for the Company, with the execution of the Monte Muambe fluorspar and gallium drilling campaign and the negotiation of the USTDA grant. Improving the capital structure of the Company and maintaining financial discipline remain key corporate objectives to ensure a solid base for further growth during 2026,’ CEO Cedric Simonet says. Altona back in February announced the US government confirmed its intention to support the Monte Muambe rare earths project in Mozambique. ‘This commitment of support from USTDA is a powerful external validation of the Monte Muambe project’s strategic quality and economic potential. It highlights the strong, high-level interest from a leading US government institution in developing a secure, alternative source of rare earths,’ said Simonet last month. ---------- First Development Resources PLC - explorer for critical minerals and rare-earth elements in Western Australia and Northern Territory - Pretax loss in six months to December 31 widens to £926,000 from £176,000 a year prior. Reports no revenue in either year. ‘It has been a transformational period for the company with our successful IPO in July. Since admission we have made significant progress in understanding our licences and obtaining data to inform or next drilling works scheduled for later this year. In parallel we have sought to expand our licence portfolio improving the overall prospectivity of our portfolio. In doing so we have been prudent with our exploration expenditure and remain well funded for the proposed exploration programmes to come during the remainder of 2026. On behalf of the whole board I would like to welcome new shareholders and together with existing shareholders thank them for their ongoing support,’ CEO Tristan Pottas says. ---------- Capricorn Energy PLC - oil and gas exploration and production company with assets in Egypt - Swings to pretax loss of $4.6 million in 2025, from profit of $13.9 million in 2024. Revenue declines 8.7% to $134.9 million from $147.8 million. Chief Executive Randy Neely says: ‘Despite a volatile macroeconomic environment and fluctuating commodity prices, we collected $217 million from Egypt, reducing the company’s accounts receivable to $86 million. Capricorn’s progress in 2025 provides a robust platform to build a cash-generative business. A key priority for 2026 will be accelerating development activities in the merged concession area.’ In 2026, it sees daily production ranging from 18,000 to 22,000 barrels of oil equivalent per day. Full year production was 20,024 boepd in 2025, down from 23,763 in 2024. ---------- Town Centre Securities PLC - Leeds, England-based property investor, car park and hotel operator - EPRA net tangible assets per share at the December 31 half-year end fall to 253 pence from 261 pence six months prior. The like-for-like portfolio valuation is down 1.2% over the six months. Town Centre swings to a £1.4 million pretax loss from profit of £1.0 million a year earlier. Gross revenue falls 2.1% to £8.0 million from £8.2 million. It leaves its half year dividend at 2.5 pence per share. ‘The maintenance of the interim dividend at 2.5p reflects the resilience of the underlying earnings of our core business and also the strengthening of the balance sheet following the asset sales completed over the last three years - this dividend is fully covered and represents 89% of EPRA earnings,’ it adds. ---------- India Capital Growth Fund Ltd - invests in companies based in India - Net asset value per share at December 31 year end falls 10% to 187.29 pence from 209.01p a year prior. Net asset value total return is negative 10%, after positive 16% in 2024. ‘After a poor 2025 for the Indian Stock Market, valuations of Indian stocks, which had looked stretched a year ago, are now beginning to look more reasonable. Indian GDP growth is likely to remain in the region of 6-7% for the next few years and inflation is under control, although food price inflation remains a risk. In the short term the war in the Middle East will continue to create uncertainty, particularly with regard to energy supply security, the price of energy and knock on impact on growth and inflation,’ Chair Elisabeth Scott says. At an extraordinary general meeting on Wednesday, the introduction of an annual dividend was backed. It will be paid semi-annually. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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