|
The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and Friday and not separately reported by Alliance News: ---------- Pacific Assets Trust PLC - Edinburgh-based investment firm focused on the Asia Pacific region, including India but excluding Japan - Reports a net asset value per share of 412.0 pence as at January 31, down from 417.5p one year prior. NAV total return for the year ended January 31 is 0.0%, compared with the previous year’s plus 9.7%. The sterling-adjusted MSCI All Country Asia ex Japan Index, by contrast, delivers a plus 28.6% total return for the period. ‘This disappointing outcome places the company at the bottom of its peer group over most longer time periods and remains a central concern for the board,’ Chair Andrew Impey comments. Notes that the firm’s strategic review continues, and says it ‘expects to make an announcement within the next few weeks.’ Says conditions were ‘uneven’ across the target region, with ‘a narrow group of technology-led markets’ dominating, meaning that ‘quality companies across India and Southeast Asia (core areas of the portfolio) were largely overlooked despite solid fundamentals.’ ---------- Augmentum Fintech PLC - London-based investor in the European financial technology sector - Announces, alongside its intended buyer Frontier Bidco Ltd, that the Financial Conduct Authority ‘has determined to approve, or is to be treated as having approved [the acquisition], unconditionally’, satisfying the relevant condition for the scheme of arrangement enabling the takeover. Augmentum shareholders voted in favour of the acquisition by Frontier, a vehicle controlled by Verdane Fund Manager AB, in mid-April. ---------- GreenRoc Strategic Materials PLC - Greenland-focused critical mineral project developer - Reports £828,000 pretax loss for the year ended November 30, widened from a £778,000 loss the previous year. Administrative expenses decrease to £824,000 from £830,000, with the non-revenue-generating company also reporting no ’other income’ for the year, down from £53,000. Cash and equivalents total £184,000 as of November 30, up from £94,000 one year prior. Company notes that the EU awarded GreenRoc’s Amitsoq graphite mine ’Strategic Project’ status under the Critical Raw Materials Act, and Chief Executive Stefan Bernstein says the firm’s ‘engagement with European institutions has been extensive throughout the year.’ ‘2025 has seen GreenRoc materially strengthen its balance sheet, providing a robust platform for accelerated project development,’ he adds. For 2026, GreenRoc’s priorities include starting phase 3 drilling at Amitsoq, and ‘further engagement with potential off-takers and strategic partners,’ Bernstein adds. ---------- Africa Opportunity Fund Ltd - Closed-ended investment fund focused on Africa - Reports, on Thursday, a $4.2 million in net gains on investment in subsidiaries for 2025, down from $4.4 million in 2024. Dividend revenue increases to $480,709 from $257,104. Operating pretax profit decreases to $4.4 million from $4.6 million. Earnings per share decrease to 30.9 US cents from 34.0 cents. ‘2025 was a superb year for African stock markets,’ Chair Myma Belo-Osagie says. Notes that the firm sold First Mutual Properties, its second-largest Zimbabwe holding, this year. ‘The recent conflict in the Middle East adds a new element of uncertainty, yet periods of turmoil create opportunities for the Fund to make investments on attractive terms,’ Belo-Osagie says. ‘We are optimistic about the fund’s outlook, despite the current macroeconomic backdrop.’ ---------- Technologies New Energy PLC - London-based energy company supporting decarbonisation projects - Reports on Thursday €362,141 in revenue for 2025, up from €178,852 in 2024, ‘reflecting strong commercial activity at [Technologies New Energy] SA across its four business units.’ Chair Jose Meneses da Silva Moura says 2025 was ‘a transformational year’ largely due to its reverse takeover of TNE, a Portuguese renewable energy company, for £28 million in shares. Reports an €40,323 pretax profit, flipped from an €165,950 loss. Looking ahead, it expects TNE ‘to generate positive cash flows and operating profits’ for 2026, ‘supported by its growing revenue backlog, proprietary biorefinery project portfolio and its strategic agreement for the Data District project in Canada.’ ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
