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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: ---------- Touchstone Exploration Inc - onshore oil and gas producer in Trinidad - Reports net loss of $2.4 million for the first quarter, against a $13.6 million profit for the fourth quarter and a $41,000 profit for the first three months of 2025. Says this represents a ‘normalisation’ after the previous quarter’s result was ‘skewed’ by one-time non-cash gains totalling $14.5 million. Average daily production increases 7.9% on-year to 4,657 barrels of oil equivalent per day from 4,317 boe/d, ‘as production from the Central field (2,131 boe/d) successfully mitigated natural declines in legacy assets.’ Petroleum and natural gas sales increase 13% to $12.5 million from $11.1 million. Cash from operating activities falls 15% to $4.8 million, and the funds flow from operations falls 28% to $1.8 million. ---------- CT Automotive Group PLC - Portsmouth, England-based maker of interior components for the automotive industry - Issues an update ahead of its 2025 results, which it plans to release on Wednesday, May 20. Says it expects to report $114.8 million in revenue, in line with prior guidance, and $9.5 million in adjusted pretax profit, below previous guidance of $10.0 million. Says the decrease is largely due to a pricing overstatement in a contract with a UK customer, and to re-working ‘certain lease accounting calculations’ in China. CT Automotive also reports that certain accounting mis-statements for 2024 have been identified. The ‘most significant’ of these relate to an incorrect posting in the consolidation when converting from local GAAP to IFRS, and a misclassified customer prepayment from 2021. Says none of the adjustments affect its working capital, cash, underlying operational performance or expected future financial performance. Says its 2024 adjusted pretax profit will be restated to $7.9 million from $8.7 million, due to the changes increasing administrative expenses by around $800,000. Total net assets as of December 31, 2024, are reduced by $5.0 million to $21.2 million. Says it has conducted a comprehensive review of its balance sheet and historical accounting treatments, and implemented additional controls ‘to ensure there is no recurrence of these errors.’ ---------- Thruvision Group PLC - Abingdon, England-based provider of walkthrough people-screening technology - Announces new strategic partnerships, adding RedteQ and Bavak Security Group to its value-added reseller network on a non-exclusive basis. Says it has entered agreements with both VARs, which will enable them to provide product supply, installation and commissioning, support and maintenance, and end-user training services for Thruvision products in its Entrance and Customs markets. Farnborough, England-based RedteQ will provide the services in the UK, and Noordwijk, Netherlands-based Bavak will cover the Netherlands, Belgium and Luxembourg. ‘Indirect sales through trusted partners are an increasingly important part of our business and are critical to our ability to scale rapidly and cost-effectively...We look forward to working with both RedteQ and Bavak to increase our reach to key clients in the government and Critical Infrastructure sectors,’ comments Thruvision Chief Executive Victoria Balchin. ---------- Proteome Sciences PLC - London-based life sciences company - Chair Christopher Pearce, at its annual general meeting, states: ‘Good progress is being made in order levels in our services business and the recovery that we hoped for in TMT and reagent sales continues in the first half following the cuts in US NIH budgets and academic grants in 2025. With the significant investment made in the business over the last 2 years, we believe we are well positioned to deliver substantial returns from our activities in the fast growing field of proteomics.’ In April, Proteome reported that revenue fell to £3.8 million in 2025, while its pretax loss widened to £3.6 million, but it said it was at a cyclical low following prior investment. Follows its interim report in September, which saw revenue falling 16% to £1.9 million for the first half. It said Service revenue more than doubled to £1.1 million from £370,000 but that TMT reagent sales and royalties dropped to £790,000 from £1.9 million due to reduced academic research funding in the US. ---------- Tap Global Group PLC - London-based cryptocurrency payment and settlement operator - Announces that its Tap Earn yield product, which offers ‘competitive variable yields on eligible cryptocurrency and stablecoin holdings,’ is now available in the UK. Reiterates its statement last week that Tap Earn offers variable customer-facing yields of up to 7.0% on supported stablecoins, up to 3.5% on ethereum and up to 2.5% on bitcoin. Now that Tap Earn is live in the UK, it is now available across all the company’s markets. Tap will release a separate trading update, covering Tap Earn’s early-access performance metrics, ‘in due course’. ‘The UK is a cornerstone market for Tap, and today we are proud to bring Tap Earn to our UK customers,’ CEO Arsen Torosian comments. ‘With Tap Earn now live across all our markets, we’re focused on scaling the product across existing customers as a new revenue stream for the company.’ ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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