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The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- Litigation Capital Management Ltd - asset manager focused on dispute financing - Chief Executive Officer Patrick Moloney says the first half ‘has been the most challenging period’ in the firm’s history. ‘We experienced a number of large case losses which resulted in a significant financial loss for shareholders. In September 2025 we commenced a strategic review to explore all options for restoring LCM’s balance sheet strength and realising value for shareholders. The strategic review is now approaching a conclusion and we will communicate its outcome to shareholders as soon as we are able to,’ the CEO adds. Pretax loss in the period widens to A$111.7 million from A$8.0 million. It suffers a net realised loss on investments of A$26.5 million, swinging from a gain of A$93.4 million. Net unrealised losses stretch to A$99.2 million from A$67.7 million. ---------- Aurora UK Alpha PLC - investment trust and alternative investment fund - Net asset value per share at December 31 year end rises to 299.2 pence, from 256.17p 12 months earlier. It lifts its dividend to 4.70p per share from 3.00p. The NAV total return was just shy of 17%, much improved from negative 4.3% in 2024, though shy of the FTSE All-Share Index total return of 24%. ---------- Globalworth Real Estate Investments Ltd - real estate investor focused on Central and Eastern Europe - Swings to 2025 pretax profit of €37.5 million from loss of €84.6 million in 2024. Revenue falls 0.8% to €236.3 million from €238.3 million. Aiding its bottom line, there is a non-repeat of a loss on disposal of subsidiary of €24.6 million. Finance costs decline to €71.0 million from €80.6 million. ‘After a stabilising 2025, the year ahead of us is already signalling the return of core-capital into the CEE real estate industry. Pragmatic optimism of investors is being sustained by a better visibility of macro-economic trends, despite geopolitical risks still lurking in the shadows, while the office sector is regaining its foothold on the investment scene sustained by solid fundamentals in traditional markets and in capital cities,’ Globalworth says. ---------- Iconic Labs PLC - London-based media and technology company - Posts no revenue in six months to December 31, unchanged from a year earlier, and pretax loss narrows to £269,830 from £293,680. ‘The company is focusing all of its time, resources, and energy on acquiring a suitable target through a reverse takeover to generate long-term growth and value for its shareholders,’ Iconic Labs says. ‘While there are numerous businesses interested in being listed on the Main Market of the London Stock Exchange, identifying suitable targets takes a significant amount of time and resources.’ ---------- Allergy Therapeutics PLC - biotechnology company focused on allergy immunotherapies - Pretax loss in six months to December 31 widens to £19.3 million from £11.4 million a year prior. Revenue rises 6.6% to £36.3 million from £34.0 million. Total administrative expenses are 22% higher at £33.4 million from £27.3 million. ‘With a highly focused approach to our business priorities, and building on the significant achievements within our grass and peanut allergy programmes, we enter 2026 with a strengthened commercial portfolio and increased confidence in the potential of our pipeline of next-generation allergy immunotherapies,’ Chief Executive Officer Manuel Llobet says. ---------- Touchstone Exploration Inc - onshore oil and gas development in Trinidad & Tobago - Swings to $202,000 pretax loss in 2025, from profit of $6.0 million in 2024, as petroleum and natural gas sales fall 20% to $45.8 million from $57.5 million. In the fourth quarter, production averaged 4,877 barrels of oil equivalent per day, down from 5,287 a year prior. ---------- TomCo Energy PLC - targets hydrocarbon resources in the US - Pretax loss in year ended September 30 narrows to £686,000 from £6.3 million the year prior. It reports no revenue, unchanged on-year. It reports no impairment losses, compared to £4.3 million. ---------- Ariana Resources PLC - mineral exploration, development and production company with gold project interests in Africa and Europe - Ariana swings to a 2025 pretax loss of £12.4 million, from profit of £2.7 million. It posts a loss on remeasurement to fair value of £4.1 million and a foreign currency translation loss of £6.8 million, both compared to none in 2024. Its reporting structure changed, it explains. It says some ‘interests are now accounted for as equityaccounted associates’. ‘In addition, the group’s interest in Zenit is now recognised as an investment measured at fair value following the change in valuation approach. These changes do not alter the group’s underlying cash position but provide a more appropriate representation of the economic substance of its interests,’ Ariana adds. ---------- Pantheon Resources PLC - oil and gas company focused on developing the Ahpun and Kodiak onshore oil fields in Alaska - Pretax loss in six months to December 31 widens to $9.0 million from $6.9 million. It reports no revenue, unchanged from a year prior. ‘As we told shareholders at our annual general meeting earlier this month, our absolute focus at Pantheon in 2026 is to conserve our financial resources and identify the ideal financial partner who can help us unlock the value of our exciting acreage. With that in mind, I am encouraged by the level of interest shown in our data room and I look forward to holding constructive discussions with potential partners in due course,’ CEO Max Easley says. ---------- Zinnwald Lithium PLC - European focused lithium company - Pretax loss in 2025 widens to €3.4 million from €2.7 million, as finance income falls to €86,882 from €380,607. It reports no revenue in either year. The year saw a pre-feasibility study published at the Zinnwald asset in Germany. ‘2025 has been a key year for Zinnwald Lithium, marked by the publication of our pre-feasibility study, which confirmed the scale, longevity and robust economics of the Project. With a strong technical foundation, increasing government support and improving market dynamics, we are well positioned to advance one of Europe’s most strategically important lithium developments and play a meaningful role in securing domestic supply of critical raw materials,’ Non-Executive Chair Jeremy Martin says. ---------- GCM Resources PLC - focused on the Phulbari coal and power project in Bangladesh - Pretax loss in six months to December 31 narrows to £1.0 million from £1.3 million. It reports no revenue, unchanged from the prior year. ‘Within Bangladesh the national discussion regarding energy security and the utilisation of domestic coal resources continues to evolve. The country has already invested significantly in coal-based power generation capacity but remains largely dependent on imported fuels to supply these plants. Within this context the Phulbari coal and power project remains uniquely positioned as a large-scale, development-ready domestic coal supply option capable of supporting Bangladesh’s existing coal-fired power generation fleet,’ GCM says. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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