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EARNINGS AND TRADING: Westmount Energy and Jarvis swing to profit

ALN

The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Westmount Energy Ltd - oil and gas investing company focused on high impact drilling outcomes in emerging basins - Swings to pretax profit of £202,779 in the six months to December 31, from a £230,266 loss a year prior, driven by a £313,843 net fair value gain versus a £95,066 loss. Says performance reflects non-cash gains on portfolio investments, including foreign exchange movements. Notes exposure to assets in the Falklands, Guyana and South Africa, with ongoing corporate activity including farm-in agreements and potential acquisitions across its investee companies. Reports cash of £224,000 and listed securities of £441,000 million at December 31, with no debt. Says continues to minimise costs while seeking value creation and evaluating project and consolidation opportunities. Adds progress across key licences remains subject to government approvals and ongoing negotiations.

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Jarvis Securities PLC - Kent, England-based provider of stock broking services - Swings to pretax profit of £7.4 million in the six months to December 31 from £422,076 loss a year prior, driven by £10.3 million exceptional gain versus £3.2 million loss. Revenue falls to £1.6 million from £6.2 million. Says continues wind-down of business and reviews dividend capacity quarterly. Reiterates commitment to complete wind-down over coming months. Chair Andrew Grant says: ‘The group remains committed to completing an effective and efficient wind down over the coming months.’

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Clean Power Hydrogen PLC - Doncaster, Yorkshire-based green hydrogen technology and manufacturing company - Says first 1MW MFE220 unit leaves factory for final testing stage, with completion expected in April. Reports firm orders for four units and a growing sales pipeline across the UK, India and Middle East. Notes non-binding agreements with Siemens and other partners to support scaling, development and market expansion. Says technology achieves high-purity hydrogen and medical-grade oxygen, opening new revenue opportunities. Adds first commercial revenues expected in Q3 2026 following site acceptance testing. CEO Jon Duffy says: ‘We have proven and patented technology for the production of high purity hydrogen and medical-grade oxygen, tailored for the growing part of the market. In an unstable world, alternative energy sources are vital. Where electrification is unsuitable, CPH2 technology can support decentralised energy projects everywhere.’

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Ethtry PLC - London-based company building ethereum treasury for investments in ‘breakthrough technologies’ - Appoints Founder Mike Murphy as executive director with immediate effect. Adds he currently serves as chief strategy officer and executive director at Hamak Strategy Ltd. Notes appointment strengthens board as company advances its ethereum-focused treasury strategy. Murphy says: ‘As founder, I have followed the company’s progress closely and believe there is a clear opportunity to build further value as Ethtry advances its strategy.’

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t42 IoT Tracking Solutions PLC - provides real-time tracking and monitoring of shipping containers - Announces a distribution partnership with M2M Nordic Aps in Denmark, with potential expansion across the Nordic region. Says the agreement combines its IoT technologies with M2M Nordic’s regional expertise to deliver asset tracking, security and data solutions. Adds the deal supports its strategy to expand global footprint and strengthen position in the IoT market. Companies do not disclose the financial terms of the agreement. CEO Avi Hartmann says: ‘We believe that there is a compelling backdrop for our solutions and look forward further growing our routes to market via low-risk, low-cost partnerships globally. We have established strong foundations for growth, with a world-class product suite incorporating both hardware and software solutions.’

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Pri0r1ty Intelligence Group PLC - AI-focused data and marketing services - Says it will delay publication of its annual results and face a temporary suspension of its shares from trading on AIM. The company says its accounts for the year to September 30, 2025 will not be published by the March 31 deadline due to the complexity of first-time consolidation and accounting for recent acquisitions, including Halfspace. As a result, trading in its shares will be suspended from April 1 until the accounts are released. Pri0r1ty says it continues to build momentum, with contracted revenue of around £0.7 million for the current financial year and more than 200 paying users. It adds the business is progressing as a scalable AI-led SaaS and consultancy platform, and expects to publish its accounts in the coming weeks. Non-Exec Chair Marcus Yeoman says: ‘While Pri0r1ty is in its relative infancy for a technology-led business, the Board believes the business is in a strong position to expand its user base on the platform as it rolls out AI SaaS solutions to SMEs via an experienced sector specific approach. While a delay to complete technical analysis on acquired businesses for accounting consolidation purposes is frustrating, the growing revenue pipeline demonstrates that the diversified business model is delivering results.’

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European Metals Holdings Ltd - developing Cinovec lithium project in Czech Republic - Posts a pretax loss of A$8.2 million for the year, around $5.6 million, compared with A$1.3 million in the six months to December 31, 2024, following its change in reporting period from a June 30 to a December 31 year-end. European Metals says demand for energy storage systems is rising and electric vehicle production has increased sharply, supporting a positive outlook. The company adds it remains confident in its prospects for the foreseeable future.

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DCI Advisors Ltd - British Virgin Islands-based investor in residential resorts in Greece and Cyprus - Reports a sharply narrowed interim loss for the six months to December 31, as costs fall significantly and no valuation write-downs are recorded. Pretax loss narrows to €2.7 million from €15.6 million a year earlier, while total operating and other expenses drop to €2.7 million from €14.9 million. The prior-year period includes a €11.6 million valuation hit, compared with none in the latest half. Revenue declines to €228,000 from €567,000. Net loss attributable to shareholders narrows to €2.5 million from €15.5 million. DCI says it continues to make progress on asset disposals and cost reductions, adding it is moving towards potential capital returns to shareholders as transactions complete. The company says it remains focused on monetising assets despite a cautious investment backdrop linked to geopolitical tensions, and notes continuing momentum towards shareholder returns.

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