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The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- React Group PLC - Birmingham, England-based provider of cleaning and soft facilities management services - Continues to perform well, supported by a more stable trading environment than at this time last year, notwithstanding disruption caused by the recent geopolitical developments in the Middle East. Sales and marketing initiatives are delivering positive results across all divisions, and new business pipeline remains encouraging. 24hr Aquaflow Services continues to strengthen its position and contribute positively, while Project Sparkle, the digital platform, is performing well. The next phase, development of a customer portal, is underway and is expected to be delivered quickly and cost effectively. Overall, ‘demand for our services remains robust,’ React says. ---------- Rainbow Rare Earths Ltd - developer of the Phalaborwa rare earths project in South Africa and the Uberaba project in Brazil - Pretax loss widens to $5.9 million in the six months to December from $2.1 million the year prior. Reflects a £3.9 million charge for change in fair value of royalty financing liability, driven by stronger forecast rare earth prices. Total cash outflow in the period was $2.5 million, leaving a cash balance of $1.4 million at December 31, down from $6.1 million a year ago. In addition, raises £11.1 million via subscription from ‘strategic investors’ at 20 pence per share. The strategic investors include two US-based single family offices and Traxys Group, one of the suppliers servicing ’’Project Vault’’, and one of the largest traders of rare earth products in the West. Project Vault is the $12 billion strategic fund set up by the US government for building a strategic critical minerals stockpile. Proceeds cover the company’s financing requirements beyond the end of the second quarter of 2027 and allow for the finalisation of the Phalaborwa definitive feasibility study in 2026, the completion of the Uberaba pre-feasibility study in 2027 and for general working capital purposes. ---------- Ironveld PLC - London-based mining company targeting South Africa - Pretax loss narrows to £1.6 million in the 12 months to June from a restated £1.8 million, the year prior. No dividend is declared, unchanged on-year. Cash and cash equivalents are £862,000 at June 30, improved on-year from £4,000. ‘The period under review, and the months immediately following it, represent a fundamental turning point for Ironveld. We have made significant strides in our transition towards becoming a fully operational mining and processing business, with the establishment of strategic partnerships that have fundamentally de-risked our business model and positioned us to unlock the considerable value inherent in our asset portfolio,’ comments Non-Executive Chair John Wardle. ‘With the DMS plant now transitioning towards scaled production and meaningful commercial discussions underway, the milestones achieved during and after the period provide a robust foundation for the company’s next phase,’ he adds. ---------- Anpario PLC - Nottinghamshire, England-based animal feed additive manufacturer - Pretax profit jumps 54% to £8.0 million in 2025 from £5.2 million the year prior. Revenue rises 24% to £47.2 million from £38.2 million. Basic earnings per share climb 63% to 40.20 pence from 24.66p. Total dividend is up 11% to 12.50p per share from 11.25p, including final payout up to 8.90p per share from 8.00p. Says trading to date in current year is in line with ‘strong’ first quarter from the prior year. ‘Our logistics teams are working with our customers to mitigate any impact resulting from the current conflict in Iran and the surrounding region,’ company adds. ---------- Plexus Holdings PLC - gas, oil and renewable energy projects focused on the UK & Netherlands - Pretax loss widens to £2.1 million in the six months to December from £1.3 million the year prior as revenue slides to £1.2 million from £2.9 million. Sales drop reflects reduced activity levels across core markets. The first half of the year was characterised by challenging market conditions, driven by local government uncertainty and cyclical commodity prices, Plexus says. ‘While market conditions have been slower than anticipated, we have used this time productively to strengthen our offering, advance key prospects and build momentum across our core markets,’ says Chief Executive Craig Hendrie. However, Plexus cautions that the unexpected slow progress of projects materialising in the North Sea, as well as global uncertainty affecting the Middle East and other markets, means that several projects are now more likely to be delayed into the next financial year. ---------- Severfield PLC - North Yorkshire, England-based maker of structural steel in the UK and India - Full-year 2026 underlying pretax profit is expected to be in line with current market expectations of £10.2 million, Severfield says. But net debt is seen around £28 million lower than current market expectations of £48.5 million, providing year end facility headroom of £39 million. UK and Europe order book of £438 million provides good visibility, although current subdued market conditions have seen delays in some start dates to late financial 2027. Expects financial 2027 underlying pretax profit of £12 million to £15 million, reflecting a ‘cautious view of the year ahead based on later project start dates, the current tight pricing environment, macroeconomic conditions, and current geopolitical uncertainty.’ Says market conditions in the UK and Europe have remained subdued, reflecting macroeconomic uncertainty, elevated interest rates, and geopolitical instability, weighing on business confidence and the timing of project awards. Continues to progress its previously announced review of the business which should be concluded before the presentation of the year end results in June. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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