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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: ---------- AltynGold PLC - London-based exploration and development company - Revenue for 2025 increases 82% to $175.4 million from $96.5 million in 2024. Volume of gold sold increases 30% to 50,442 ounces from 38,708 ounces. Ore mined rises to 926,000 tonnes from 750,000 tonnes, and gold poured increases to 53,852 ounces from 37,279 ounces. Adjusted earnings before interest, tax, depreciation and amortisation increase to $101.4 million from $50.9 million. Pretax profit increases to $82.0 million from $30.4 million. AltynGold says it is actively pursuing opportunities to expand its ore processing capacity to 2 million tonnes per annum, and is working to secure a production licence for the Teren-Sai project. Expects to receive approval by the end of this year. Also says it continues to review the potential introduction of a dividend policy. ---------- Hutchmed China Ltd - Shanghai-based pharmaceutical company - Says the China National Medical Products Administration has accepted and granted priority review for its new drug application for sovleplenib. The indication is for adults with warm antibody autoimmune hemolytic anemia, who have had an insufficient response to at least one previous glucocorticoid treatment. AIHA is an autoimmune disorder characterised by the destruction of red blood cells. Hutchmed says the NDA is supported by data from the ESLIM-02 phase 2/3 trial, the phase 3 stage having met its primary endpoint of durable hemoglobin response rate within weeks 5 to 24 of treatment. Adds that phase 2 results showed an encouraging haemoglobin benefit compared with placebo, with an overall response rate of 43.8% in the first eight weeks, and an overall response rate of 66.7% over 24 weeks of treatment. ---------- Ecora Royalties PLC - London-based critical minerals-focused royalty company with interests in the Americas, Europe and Africa - Releases a trading update for the first quarter of 2026. Portfolio contributions more than double on-year to $12.3 million from $6.0 million. Net debt is $84.4 million as at March 31, down from $85.5 million at December 31. Contribution from Ecora’s base metals portfolio more than doubles to $8.3 million from $3.3 million. Specialty metals and uranium portfolio generates $2.3 million, up 35% from $1.7 million, while the bulks & other portfolio contribution more than doubles to $1.7 million. ‘Voisey’s Bay production continued to ramp-up towards full capacity during Q1, although some of these volumes missed the quarter end due to shipping timelines,’ comments Chief Executive Officer Marc Bishop Lafleche. ‘With 98 tonnes of cobalt set to be received in April, compared to 70 tonnes received in the entirety of Q1, and a resilient commodity price environment benefiting our wider portfolio, we are well positioned to deliver a strong Q2.’ ---------- Cindrigo Holdings Ltd - Guernsey, Channel Islands-based renewable energy developer and producer - Enters binding agreements with a strategic investor group for over £11 million in investments and guarantees ‘to support and strengthen the group’s development’. Says the deal also provides for the expansion of its biomass operations through the joint development of an integrated sustainable wood pellet business via Fuelwood Finland Oy. Says the investors will provide approximately £6.7 million in equity funding at 12 pence per share, and contribute a further €3 million into Fuelwood. They have also committed a further up to £2 million which can be drawn down if Cindrigo’s warrants exercisable until July 31 are not exercised. Furthermore, they have the right to subscribe another £2 million. Says the Fuelwood joint venture will have an initial capitalisation of approximately €4 million, including a €1 million development loan from Cindrigo. It and the investors will jointly operate Fuelwood, with Cindrigo originally holding a 20% stake while retaining the right to acquire a majority holding. ‘We expect ramp-up during 2026, with initial pellet production volumes commencing during the year and building towards the winter season,’ says Cindrigo CEO Lars Guldstrand. ‘By the end of 2026, we aim to achieve a rolling annual pellet production rate of approx. 80,000 tonnes, providing a solid base for expansion towards our longer-term target of approximately 400,000 tonnes per annum.’ ---------- Helical PLC - London-focused property developer - Exchanges contracts to lease a further 10,022 square feet of fitted space at its Old Street campus. Notes that a further 21,970 square feet of space is currently under offer, and once this is let The Bower will be 96.6% occupied. ‘Adding to the vibrant tenant mix which includes tech, fintech, AI and fashion, the 3rd floor of The Tower has been let to a multinational mobility business who is due to take occupation in June this year,’ Helical adds. ‘With two further floors under offer and regears agreed on an additional five floors, we look forward to announcing more positive progress over the coming weeks,’ comments CEO Matthew Bonning-Snook. ---------- ADM Energy PLC - West-Africa focused London-based natural resource investor - Announces the formation of, and an investment in, Vega Upstream JV LLC, a joint venture with Covenant Oil Group Corp to mainly identify and coordinate investment opportunities in US onshore oil and gas assets. Says Vega has identified a portfolio of operated and non-operated producing natural gas, natural gas liquids and oil wells in Oklahoma, alongside a fee-generating natural gas gathering system and its associated surface land and equipment, known as the Midcon assets. Vega has also agreed to acquire an unnamed private US company and membership interests in its subsidiaries, and the Midcon assets, for around $14.9 million. Expects the acquisition to be financed through an institutional credit facility of approximately $14.0 million and a $1.0 million equity contribution to Vega, of which ADM will issue around $100,000. ADM also says Vega has issued an option to acquire a 50% interest in certain of the Midcon assets to London-based cash shell Electric Guitar PLC. Electric Guitar, in its own announcement, notes the Midcon option and also states that its discussions continue regarding the planned acquisition of Dunbar Energy Inc. Says this ‘has been delayed by the changing nature of Dunbar’s asset base and structuring matters as Dunbar continues to develop its strategy in the USA of behind-the-meter power from gas wells to local intensive compute sites.’ Adds that it ‘has been introduced to other complementary oil and gas assets,’ hence the ‘new acquisition opportunity’ regarding the Midcon assets. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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