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EARNINGS & TRADING: Sound Energy loss narrows; DeFi posts revenue

ALN

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:

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Airtel Africa PLC - London-based provider of telecommunications and mobile money services - Begins share buyback programme to repurchase up to 1% of its share capital. ‘The board’s decision reflects the continued strength of the group’s balance sheet and its ability to preserve financial flexibility while supporting ongoing investment to capitalise on the compelling growth outlook across the Group’s footprint,’ company says.

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Sound Energy PLC - gas development projects in Morocco - 2025 pretax loss narrows to £22.3 million from £126.6 million a year ago. Reports nil revenue, unchanged from 2024. Records impairment of exploration and development assets of £12.8 million, down from £122.0 million in 2024. Chief Executive Officer Majid Shafiq says: ’’The progress made during 2025 positions the company at an important inflection point. We are focussed on advancing and optimising our businesses in Morocco, with the objective of transitioning them into cash-generative operations on an expedited basis and strengthening our balance sheet. We will look to diversify our asset base with strategic acquisitions of accretive businesses outside Morocco. With a strengthened leadership team and a clear strategic focus, we believe Sound Energy is well placed to enter its next phase of development.’’

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Cordiant Digital Infrastructure Ltd - UK-based investor in specialist digital infrastructure, managed by Cordiant Capital Inc - Polish portfolio company Emitel acquires a data centre just outside Warsaw, with 2 megawatts of total IT load capacity and scope for future expansion. Says this enables the launch of data centre services. ‘This is a milestone for Emitel, marking its entry into the data centre market and further cementing its position as Poland’s leading digital infrastructure and telecommunications provider. The new facility has been developed to Tier III+ reliability standards, as defined by the Uptime Institute and currently offers co-location, cloud computing and data processing services to Polish and Pan European enterprise customers,’ company says.

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Atome PLC - Leeds, England-based green fertiliser project developer - Selects Sungrow Hydrogen as the electrolyser supplier for its 260,000 tonne-per-year low-carbon fertiliser project at Villeta, Paraguay. Villeta will deploy 110 megawatts of Sungrow’s alkaline electrolyser technology, powered by 100% renewable baseload hydropower from the Itaipu Dam, to produce green hydrogen for the production of 260,000 tonnes per year of low-carbon calcium ammonium nitrate fertiliser. Also signs a long-term service agreement to provide maintenance support for the equipment. ‘The selection of Sungrow as the electrolyser partner at Villeta marks the start of what Atome and Sungrow expect to be a long-term strategic partnership with further cooperation on other projects already in discussion,’ company says.

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Rift Helium PLC - helium exploration and development firm - Chief Executive Officer Charles FitzRoy and Chair Patrick Muwowo, travel to Dodoma, Tanzania, to advance the company’s in-country relationships as Rift progresses its funded work programme at the Upepo Project. Discussions with Tanzania’s Ministry of Minerals centred around responsible exploration, investment in the country and the regulatory environment for helium exploration. Additionally, notes announcement by Tanzania’s Minister for Minerals, Anthony Mavunde, that helium is to be included on the country’s new critical and strategic minerals list. ‘This is a positive development for Tanzania’s emerging helium sector and further supports the country’s potential to play a meaningful role in the global helium supply chain,’ Rift says.

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UIL Ltd - closed ended investment company focused on investments worldwide where the underlying value is not fully recognised - Investee company Diraq Pty Ltd signs a letter of intent with the US Department of Commerce for up to $38 million in proposed federal funding from the CHIPS Research and Development Office. Says the award will support production and scaling of fault-tolerant silicon quantum computing processors via the US semiconductor industry.

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DeFi Development Corporation UK PLC - provider of AI platform that allows businesses to automate tasks - Pretax loss in year ended January 31 narrows to £2.9 million from £25.6 million a year ago. Revenue rises to £18,338 from none a year ago. ‘The group’s AI products started to generate revenue, although revenues remained modest and below the level required to cover operational costs,’ DeFi says. Notes two fundraises in the first six months of the financial year raised a total of £1.6 million to fund the AI business and the issuance of prepaid warrants worth 2.5 million. ‘Looking ahead, the board remains focused on generating further revenues from the AI Agent platform, advancing the digital asset treasury strategy, and maintaining financial discipline. The UK and global regulatory landscape for digital assets continues to evolve, and the Board carefully considers these factors in its approach to risk management and strategic planning,’ company adds.

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