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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: ---------- Petra Diamonds Ltd - South Africa and Tanzania-focused diamond miner - Notes an ‘unprecedentedly weak diamond market, due to global macro factors as well as the recent Middle East tensions’ and in particular ‘deterioration in the value of the smaller sized diamonds, where we do not currently expect a material near-term recovery. ’ Tender results for April 2026 and May 2026 yield an average price for Cullinan Mine of $81 per carat compared to $109/ct in the third quarter. Finsch averages $47/ct, down from $56/ct during the third quarter. Also notes ‘the sustained stronger Rand has had a significant impact, with no indication that this is going to change in the near future.’ Petra has been implementing immediate cash preservation measures, including stopping capital expenditure at Finsch, refocusing effort to increase production in the high value areas in the Cullinan Mine, and piloting additional productivity enhancing levers at the Cullinan Mine. Announces a business rescue process at Finsch in accordance with the South African Companies Act. Is now searching for a business rescue practitioner. Comments: ‘This is being done in order to protect the overall business, which we believe has a viable future given the Cullinan Mine’s unique product mix, which has thus far allowed it to mitigate both the weaker market and the stronger Rand.’ Also announces the launch of a process contemplated in Section 189A of the South African Labour Relations Act, 66 of 1995, ‘as a way of reducing expenditure at the Cullinan Mine and the rest of the group.’ Says given the current diamond market and the state of Finsch, ‘we need to further optimise the Operations at Cullinan Mine and the rest of group.’ The Act governs the process for large scale retrenchments. ---------- Spirax Group PLC - Cheltenham, England-based thermal energy and fluid technology and Halma PLC - Amersham, England-based safety products manufacturer - Halma Environmental & Analysis Sector Chief Executive Constance Baroudel to step down at end-August to become CEO of Spectris Ltd, a supplier of precision instrumentation and controls owned by Kohlberg Kravis Roberts & Co. Baroudel is to be succeeded by Steve Brown, currently Healthcare Sector Chief Executive, starting September 1. Baroudel is currently a non-executive director at Spirax. ---------- NCC Group PLC - Manchester, England-based cybersecurity company - Completes the sale of its Escode business to TDR Capital LLP for a total enterprise value of £275.0 million, and an aggregate gross consideration of £309.1 million. Estimated net proceeds of the transaction after transaction costs are £253 million. Plans to return £185 million to shareholders. ‘No proceeds are being retained specifically for M&A. While this may change with time, the board has no current plans to embark on any M&A activity and the focus is on organic growth and profit improvement of the retained Cyber business. The method for the proposed return of capital remains subject to the board’s decision, which will be made upon finalisation of the Cyber review, and will be made in accordance with applicable laws and regulations,’ company says. ---------- First Class Metals PLC - Ontario, Canada-focused gold and critical metals explorer - Completes the final cash payment under the Kerrs Gold Property option agreement and has now secured 100% ownership of the Kerrs Gold Project in northeastern Ontario, ahead of schedule. ‘The Kerrs Gold Project is situated within the highly prolific Timmins Mining Camp in Ontario, Canada, one of the world’s premier gold producing regions, surrounded by major mining operations including Newmont’s Hoyle Pond and Hollinger mines and McEwen Mining’s Black Fox Complex,’ First Class says. Chair James Knowles says: ‘We believe outright ownership of quality projects in established mining jurisdictions, particularly those with defined gold inventory and resource expansion potential, will become increasingly important as new models for recognising and financing resource-backed gold assets continue to emerge.’ ---------- GreenRoc Strategic Materials PLC - Greenland-focused critical mineral project developer - Updates on the phase III drilling programme at its Amitsoq Graphite Project in Greenland. Drill rigs and equipment are en route from Canada to Nanortalik Greenland, a hub for transport to Amitsoq. Mobilisation of drill contractors and Company personnel is scheduled for the second half of June 2026. Additionally, at its pilot active anode material plant, produces several 100 kilograms batches of graphite concentrate. Analytical results from the first 100 kg test batch show a median particle diameter of 14.8 micrometers and a tap density of 0.85 grams per cubic centimeter. ‘Given the target [median particle diameter] was set at 15.0 micrometer, and a tap density of 0.9 g/cm3, this is considered very good results for the first test run. The tap density serves as a guide to the degree of roundness of the graphite grains. The results were obtained after several runs with the QWJ 60 microniser and QWJ 30 spheroniser mills,’ GreenRoc says. Also, joins the UK Critical Minerals Association. The industry body is dedicated to building secure and sustainable critical mineral supply chains. ---------- Roadside Real Estate PLC - Abingdon, England-based investor in roadside property such as petrol stations and convenience stores - Updates on the acquisitions of DA Roberts Fuels Ltd and Hoch Group Ltd. Expects short delay to the completion of the DAR transaction due to the recent death of a major DAR shareholder. ‘An accelerated probate process is being undertaken in relation to the vendor’s estate, which means an unavoidable delay in completion. The Company now expects the acquisition to complete by the end of June 2026,’ Roadside says. Now expects to complete the HOCH acquisition before the end of June 2026. ---------- Great Western Mining Corp PLC - Nevada-focused gold, silver and copper explorer - Signs option agreement with KGHM Polska Miedz SA over the pooled Eastside-Tango copper porphyry project in Nevada, in which it holds a 30% participating interest. Under the option agreement, KGHM may earn up to a 100% interest in the project through staged payments and a minimum exploration commitment of $5 million during a six-year option period. The execution payment and annual option payments over the six-year option period total $650,000, $195,000 net to Great Western. Should KGHM acquired 100%, a 2% net smelter royalty will be retained by the Eastside-Tango Parties, of which 0.6% is net to Great Western. Also includes advance royalty and milestone payments of $675,000 net to Great Western linked to the declaration of a resource, preliminary economic analysis and feasibility study. Great Western says the transaction supports its strategy of ‘partnering assets while retaining long-term upside exposure.’ ---------- Petro Matad Ltd - petroleum exploration, development and production in Mongolia - Expects the oil sales agreement with PetroChina to be approved ‘imminently.’ Also, Heron-1 well ‘continues to perform as forecast’ with average oil production of 126 barrels per day through the first quarter. The water cut remains low and stable at around 3%, Petro Matad says. ‘The gradual decline in the oil rate is in line with the production characteristics of the basin. The approved plan of development for Heron includes water injection wells later in the field life to support reservoir pressure and improve recovery per well and increase the overall recovery factor from the field,’ company adds. Further, Gazelle-1 production has been optimised and the water cut has stabilised at around 20% with a daily oil production average of 123 barrels. This is greater than Petro Matad’s initial forecast when water breakthrough was first detected. Says discussions with the most advanced potential farminee ‘have not yet reached a conclusion’ as it awaits the completion of seismic reprocessing of Block XX data by the farminee. ‘We are disappointed that the evaluation is moving so slowly but the current high oil price has led to a significant uptick in interest from other potential partners for Block XX and Block VII and we are following up,’ company says. At Block XX, receives a ‘technically and commercially attractive offer from the seismic acquisition contractor with the most experience in Mongolia’ to conduct a high resolution 3D seismic survey over the Block XX exploitation area. Says it is ‘urgently evaluating the proposal as the crew is available to begin in late June or early July.’ ---------- Touchstone Exploration Inc - onshore oil and gas development in Trinidad & Tobago - Update on operational activities in the Republic of Trinidad and Tobago. FR-1835 and FR-1836 development wells on the WD-8 block have been successfully completed and placed on production in mid-May 2026. The wells collectively averaged approximately 175 barrels of oil per day of medium-gravity crude oil, since startup, in line with expectations. Additionally, is advised that Atlantic LNG Train 4 is undergoing a scheduled 54-day maintenance shutdown from May 26. During this period, central block gas volumes will be redirected to Train 2/3 and the domestic market. Expects this to enhance its realized natural gas pricing. At Cascadura, mechanical and electrical installation booster compressor continues on schedule, with commissioning expected to begin in June. At the Carapal Ridge 3 well, Touchstone is preparing for a coiled tubing cleanout and acid stimulation program to address an inflow restriction and maximize production performance. Chief Executive Officer Paul Baay says: ‘We continue to prioritize disciplined capital allocation, focusing on high-return well and facility optimizations.’ ---------- SkinBioTherapeutics PLC - Newcastle Upon Tyne, England-based life sciences - Expects that the half year 2026 results and restated 2025 results to be published shortly, along with actions both taken and planned in respect of the findings of its investigation. The board anticipates that trading in the company’s ordinary shares will resume following publication of those results. ‘Whilst the board had expected to publish the HY26 results by the end of May, there were some difficulties in obtaining all the information and evidence which the investigating committee considered to be relevant, and finalising our remediation plans have therefore been slightly delayed,’ company says. In February, SkinBioTherapeutics appointed FRP Advisory to undertake an independent, forensic review relating to the earlier resignation of CEO Stuart Ashman for ‘matters relating to his conduct’. At the time, the firm said it was ‘urgently conducting an investigation’ into Ashman’s conduct and said it now has reason to believe that he ‘misrepresented material information to the board, senior management, auditors and advisors’. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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