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The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: ---------- Oakley Capital Investments Ltd - provider of exposure to the education, technology, consumer and business service sectors through investments in Oakley Capital funds - Net asset value at March 31 is £1.26 billion, or 758 pence per share, up from £1.25 billion and 707p per share the year prior. The total NAV per share return is 7.5% on-year and 2.7% since the end of December. The largest contributors to the first quarter total NAV return include North Sails, TechInsights, Exaforce and Bright Stars. ‘The underlying portfolio companies delivered good performance over the quarter, despite the challenging macroeconomic environment, supported by robust demand for their products and services,’ the company says in a statement. In addition, the firm authorises a further £30 million to its share buyback programme. ---------- Breedon Group PLC - Derby, England-based construction materials firm - At Wednesday’s annual general meeting, says trading in the first quarter was in line with expectations. Revenue increases 5% on-year, benefitting from contributions from Lionmark in the US and Booth in Ireland. On a like-for-like basis, revenue rises by 2%, with an ‘encouraging’ first quarter in both the US and Ireland offsetting a softer start to the year in Great Britain. In GB, trading in the quarter reflected a continuation of the trends seen in the second half of last year. Ready-mixed concrete volumes were sequentially lower in what remains a subdued residential market; however volumes in other products have been more encouraging and there are some signs of stabilisation in non-residential end markets, Breedon says. Looking ahead, Breedon expects that ‘residential demand will remain challenging for the remainder of 2026; however non-residential, which comprises the majority of our end-market exposure, is expected to be more resilient.’ ---------- Elementis PLC - London-based chemical manufacturer - Says it delivered a strong first quarter performance. On an organic basis, revenue increases by around 2% and adjusted operating profit and margins grow ‘strongly’ year-on-year, supported by the continued progress on self-help initiatives and ‘positive’ pricing actions. Personal Care revenue on an organic basis improves marginally year-on-year due to higher pricing and improved mix offsetting isolated weaker demand in the Americas. Coatings achieves good revenue growth on an organic basis year-on-year, driven by higher volumes in Asia that more than offset volume weakness in the Americas, while the Energy business continued to perform strongly. Says the Middle East conflict did not have a material effect on performance, and its direct exposure is less than 2% of group annual revenue. ---------- RHI Magnesita NV - Vienna-based refractory products maker - Confirms full-year guidance as updates on trading for the three months to March. Adjusted earnings before interest, tax and amortisation rise 15% year-on-year (46% on a constant currency basis), while reported earnings before interest and tax increase 25% on-year (84% on a constant currency basis). The improvement is primarily driven by ‘sustained cost discipline and the continued benefits of management-led self-help measures,’ implemented in 2025 and 2026, RHI says. Demand for refractories weakened in steel markets in Europe, Middle East and Latin America, and were at expected levels in other regions, the firm notes. RHI says steel sales volumes were broadly in line on-year. Industrial refractory demand decreases slightly in cement and industrial projects, it adds. The conflict in the Middle East did not have a ‘material impact’ on quarterly performance but did depress sales volumes in March in the region. Expects full-year adjusted Ebita of €435 million on a constant currency basis, or €400 million after foreign exchange headwinds. ---------- PureTech Health PLC - Boston, Massachusetts-based biotech and pharmaceutical firm - Swings to net loss before tax of $110.9 million in 2025 from a $23.8 million profit the year prior. Prior year benefits from $151.8 million gain on deconsolidation of a subsidiary. Revenue edges down to $4.7 million from $4.8 million. ‘2025 was a year of continued progress for PureTech, as we built on the strength of our portfolio and took important steps to sharpen our strategic focus,’ says Chief Executive Robert Lyne. ‘We have refined how we deploy capital and scale our programs, with an emphasis on advancing therapeutic candidates through key value-inflection points and leveraging external investment to support later-stage development,’ he adds. PureTech has cash of $248.1 million as of March 31, down from $277.3 million at the end of December. Says it has ‘operational runway’ at least through the end of 2028. In addition, announces its intention to voluntarily delist American Depositary Shares from Nasdaq and concentrate trading on the London Stock Exchange. ---------- Naked Wines PLC - Norwich, England-based online wine seller - Says adjusted Ebitda, excluding inventory liquidation and associated costs, is expected to be towards the top end of the guidance range for the financial year to March 30 of between £5.5 million to £7.5 million. But revenue is expected to be £200 million, the bottom of the £200 million to £216 million guidance range, reflecting the strategy to focus on a smaller, more profitable core business. This would be down around 20% from £250.2 million the year prior. Inventory continues to improve, and is at its lowest level in 5 years, firm says. Net cash increases by £3 million to £33.4 million on-year. ‘We go into FY27 with momentum and energised for what lies ahead for Naked,’ says Chief Executive Rodrigo Maza. ---------- Trifast PLC - East Sussex, England-based maker of industrial fastenings - Expects to report underlying earnings before interest and tax of £16.0 million in the financial year to March, in line with market expectations, reflecting continued margin improvement. Revenue declines around 7.0% yearonyear, to £207.0 million, driven primarily by lower volumes and exit of low margin customers. This reflects subdued demand in a number of markets, caused by tariff disruption as well as ongoing weakness in the automotive sector. Despite this, the group improves gross profit margins by a further 150 basis points to 30%. Group Ebit margins are expected to improve to 7.8% on-year from 6.7%. In addition, decides to close its manufacturing operations in Malaysia after a review. ‘The closure will reduce fixed costs, simplify the footprint in Asia and the positive mix impact will accelerate progress towards our returns target,’ Trifast says. Regarding the Middle East, notes one customer operating in Saudi Arabia has experienced disruption, which is expected to adversely affect revenues in the region. This, combined with the Malaysian closure, will reduce FY27 revenue by around £8.0 million. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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