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EARNINGS AND TRADING: Iofina celebrates ‘record’ annual results

ALN

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

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Cairn Homes PLC - Dublin-based housebuilder - Says its closed and forward order book stands at around 3,850 new homes with a net sales value of €1.5 billion, up from 3,452 new homes worth €1.32 billion on March 4. Says it expects this growth to continue and forecasts ‘a strong H1 outturn, underpinning our full year growth.’ Reassures that it does not expect a material impact on its full year outlook from the conflict in the Middle East but remains alert to ‘any further inflationary pressures that may result’. Looking ahead, Cairn ‘is firmly positioned to achieve significant growth, delivering c.6,000 new homes between this year and next’. Its approximate financial 2026 forecasts are for revenue of €1.05 billion to €1.08 billion, operating profit of €180 million to €185 million, and a return on equity of 16.5%.

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Evoke PLC - Gibraltar-based owner of sports betting and gambling platforms William Hill and 888 - Reports revenue of £1.78 billion for 2025, up 2% from £1.75 billion for 2024. Pretax loss is £549.1 million, widened from a £220.9 million loss. Earnings before interest, tax, depreciation and amortisation rises 43% to £301.3 million from £211.4 million. Adjusted pretax profit is £5.7 million, flipped from a £39.2 million loss. Adjusted Ebitda increases 14% to £356.2 million from £312.5 million. Evoke has also confirmed that around 270 betting shops are being closed as it looks to offset a hit from higher taxes amid talks over a £225.3 million takeover, PA reports. Says it earmarked the sites for closure following a review of its estate, and that its widened loss is mainly due to UK tax increases. Evoke does not provide forward-looking financial guidance, citing its ongoing strategic review. ‘Throughout 2025 we delivered consistent operational progress...However, the significant UK duty increases announced in November represented a fundamental shift in the economics of our largest market and will have a substantial impact across the regulated industry,’ comments Chief Executive Per Widerstrom. Adds: ‘In Q1 2026 we have traded in line with our expectations.’

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Iofina PLC - London-based exploration and production company - Revenue for 2025 increases 22% to $66.5 million from $54.5 million in 2024. Adjusted Ebitda increases 56% to $11.8 million from $7.6 million. Pretax profit rises 75% to $8.4 million from $4.8 million. CEO Tom Becker says the company ‘delivered record revenues for the eighth consecutive year, alongside record iodine production and Ebitda, which was driven by crystalline iodine sales, higher pricing, robust demand, and continued operational execution, with IO#11 commissioned in Q3 2025.’ Crystalline iodine production increases by 17% to 743 metric tonnes from 634.1 metric tonnes. Iofina says first-quarter production totals 178.9 metric tonnes, up from 124.1 the year before. Upgrades first-half production guidance from between 325MT and 355MT to an amount ‘in the region of 385MT’. Adds that its first plant in the Permian Basin is currently under construction, and expects it to be delivered on time and within budget. ‘The company has a clear short-term pathway to exceed 1,000MT of annual production and, in the forthcoming years, grow beyond 2,000MT through the development of larger-scale plants,’ Becker says.

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