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The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: ---------- Cardiff Property PLC - Surrey, England-based property investor and developer - Pretax profit falls to £726,000 in the six months to March from £756,000 the year prior, with basic and diluted earnings per share of 57.28 pence, down from 57.80p. Net asset value per share at March 31 climbs to £30.92 from £30.53 at September 30, and from £29.72 the year before. Chair Richard Wollenberg says: ‘During the first quarter of the financial year the Thames Valley property market indicated signs of recovery. The second quarter has inevitably been affected by current world events and the possibility of an increase rather than decrease in interest rates.’ ---------- Aterian PLC - minerals exploration and trading in Africa, including copper-silver projects in Morocco and Botswana and an exploration licence in Rwanda - Pretax loss widens to £2.0 million in 2025 from £1.6 million the year before, although revenue climbs to £110,000 from £42,000. ‘2025 was a year of continued progress for Aterian as the company advanced its exploration portfolio across Africa while strengthening its position within the critical minerals sector despite challenging capital market conditions,’ Aterian says. ---------- NewRiver REIT PLC - London-based real estate investment trust focused on retail and leisure properties - Expects full-year underlying funds from operations per share and EPRA net tangible assets per share to be in-line with analyst consensus for 8.3 pence per share and 107p per share respectively. Capital & Regional assets successfully integrated and are delivering growth during first full year of ownership with £6.2 million cost synergies unlocked. Chief Executive Allan Lockhart comments: ‘Our first full year of ownership of the Capital & Regional portfolio has delivered against the strategic objectives of the transaction.’ This has been combined with ‘disciplined capital allocation, disposing of assets at book value, executing an accretive share buyback, and completing a refinancing that returns the group to a fully unsecured debt structure with extended maturities,’ he adds. Feels New River is ‘well positioned.’ ‘The portfolio has been strengthened, and we have the platform, pipeline, and balance sheet to deliver growth,’ he adds. ---------- Shield Therapeutics PLC - Newcastle, England-based commercial-stage pharmaceutical company - Releases unaudited first quarter trading update and announces a chief financial officer transition. Revenue rises to $18 million in the quarter from $7 million a year ago, with positive earnings before interest and tax of $2.5 million compared to a $4.4 million loss. This is primarily driven by $7.9 million development milestone payment by ASK in China, and increased ACCRUFeR sales in the US. ACCRUFeR sales leap 54% to $9.9 million from $6.4 million, with a strong March performance representing nearly 46% of total quarterly sales. In addition, says CFO Santosh Shanbhag will be stepping down effective June 1 to pursue a new role. CEO Anders Lundstrom becomes interim CFO with the search started for a permanent successor. ---------- ProService Building Services Marketplace PLC - Manchester, England-based operator of a digital marketplace for customer and supplier acquisition, formerly known as HSS Hire - Expects revenue of around £248 million in the financial year to March, below market consensus of £260 million, and breakeven adjusted earnings before interest, tax, depreciation and amortisation, in line with expectations. Says slower than anticipated progress in mobilising and ramping up the supply agreements with Speedy Hire alongside broader macroeconomic pressures, particularly within the UK construction sector, has weighed on demand across parts of the group’s end markets. Retains the view that financial 2027 will be a ‘transitional’ year. Given the uncertain macro-economic backdrop, the firm now expects FY27 underlying Ebitda between £9 million and £12 million, below market consensus of £19.6 million. ---------- Bluebird Mining Ventures Ltd - British Virgin Islands-based gold streaming, mining and treasury company - Pretax loss widens to $1.3 million in 2025 from $897,558 the year prior. Operating loss also widens to $1.0 million from $717,037. This reflects higher administrative expenses. Chief Executive Sath Ganesarajah says: ‘2025 has been a year of transition laying the foundations for our strategic transition into a focused gold-streaming and treasury company. We are building the infrastructure and institutional relationships required to support scalable growth. We are making good progress with a pipeline of gold-streaming and bitcoin-linked opportunities with the potential to deliver both near-term cash flow and multi-year growth.’ ---------- Pulsar Group PLC - London-based software-as-a-service provider for the marketing and communications industries - Pretax loss widens to £9.5 million in the financial year to November from £6.7 million the year prior on revenue down slightly to revenue £61.2 million from £62.0 million. Diluted loss per share widens to 7.83 pence from 5.94p. Adjusted Ebitda rises 12% to £10.4 million from £9.3 million, underpinned by a restructuring programme, which removed £7.0 million from the annualised cost base. Annualised recurring revenue increases by £3.9 million in the period, demonstrating ‘sustained growth momentum’. ARR growth was driven by a one-percentage point increase in renewal rates compared to the prior year and a major, multi-year contract win with a multinational marketing and communications company. Chief Executive Joanna Arnold calls 2025 a ‘pivotal year.’ ‘We are at a clear inflection point in our cash generation profile, with a strengthened balance sheet and significant operational momentum to support sustainable growth, margin expansion and cash generation in the year ahead,’ she adds. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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