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The following is a round-up of earnings reports by London-listed companies, issued on Wednesday and Tuesday and not separately reported by Alliance News: ---------- Clean Power Hydrogen PLC - Doncaster, Yorkshire-based green hydrogen technology and intellectual property company - Conditionally raises approximately £2.5 million through a firm placing of 169.3 million new ordinary shares at an issue price of 1.5 pence each. Raises approximately £460,000 more through a conditional placing of 30.7 million shares at the issue price. Adds that West Hill Capital LLP clients have indicated an intention to subscribe for up to £4.0 million in new shares at the issue price, and highlights their ‘significant contribution’ to its capital raises in the past. Certain directors intend to subscribe for 666,667 new shares and Clean Power intends to provide existing shareholders, who have not participated in the placing, with the opportunity to subscribe for 33.3 million shares through a retail offer. Will issue up to 500.7 million shares at the issue price to raise up to £7.5 million. Intends to use the proceeds to support its revised strategic direction, focused on ‘transitioning towards a capital-light model’. Also on Wednesday, Clean Power Hydrogen reports its 2025 results. Pretax loss narrows to £7.6 million from £14.9 million. Company is non-revenue-generating and reports no ’other operating income’ for the year, down from £334,000 for the year. Impairment losses reduce to £77,000 from £9.1 million. Cash balance is £4.0 million as of December 31, up from £327,000 one year prior. Chief Executive Officer Jon Duffy, who is stepping down this month, says the firm’s ‘primary focus over the coming year will be activating our existing licensees and securing new partners as we pivot to a technology development and licensing business.’ ---------- Carclo PLC - London-based provider of precision components - Revenue for the year ended March 31 decreases 5.8% to £114.2 million from £121.2 million the prior year. CTP division’s revenue falls 8.2% to £9.7 million from £13.6 million, while Speciality revenue rises 13% to £16.0 million from £14.2 million. Underlying operating profit increases 28% to £12.6 million from £9.8 million. Pretax profit increases 82% to £4.8 million from £2.7 million. Return on sales improves to 11.0% from 8.1%, ahead of Carclo’s 10% mid-term target set in 2022. Return on capital employed improves to 29.1% from 24.4%, ahead of the 25% target. Details its ’Precision 2030’ growth plan, the targets for which are organic revenue growth at a compound annual rate of more than 8%; net debt of less than 0.5x; and new work continuing to deliver on the minimum targets of 10% ROS and 25% ROCE. Carclo says market conditions are mixed, citing continued strong demand in Aerospace but a ‘notably weaker respiratory virus season’ affecting Life Sciences. Expects demand to strengthen ‘as a number of our new growth initiatives come on stream,’ and to deliver positive full-year organic revenue growth. ---------- S-Ventures PLC - London-based company that invests in brands across the natural, wellness, and food-tech sectors - Reports results for 2025, noting that it completed the sale of its subsidiary investments to Tooru PLC, in which it retains ‘a material stake’, during the period. Generates no revenue from continuing operations, down from £13.9 million for 2024. ‘Revenues are obviously now lower as we have transitioned to being an investment company (or ’enterprise company’ under the Aquis Rules),’ S-Ventures explains. Pretax loss narrows to £758,000 from £1.9 million. Operating expenses fall 97% to £221,000 from £7.3 million. Depreciation, amortisation and impairments fall 97% to £44,000 from £1.4 million. ‘During the turbulent recent years, we took on debt which we are now totally clear of, and we can look towards making investments and realising returns going forwards,’ the company says. ‘We remain actively looking for new investments and potentially a reverse takeover transaction.’ ---------- Tooru PLC - London-based company focused on the branded health and wellness sector, formerly known as Riverfort Global Opportunities PLC - Reports £12.3 million in net sales for 2025 on Tuesday, down 12% from £13.9 million in 2024. Company revenue totals £7.1 million, up from none the year before. Administrative expenses rise to £4.1 million from £519,000. Pretax loss widens to £1.8 million from £1.0 million. Notes that in May it ‘completed the acquisition of the various operating companies from S-Ventures PLC, thereby becoming an operating company ourselves.’ Adds that Juvela has continued to perform strongly since its acquisition, Pulsin substantially reduced its running costs, and Purely returned to growth and is still trading positively. Earnings before interest, tax, depreciation and amortisation increase 3.3% to £1.7 million from £1.6 million. Non-Executive Chair Nicholas Lee says that ‘2026 has started in a positive way and we are very much looking forward to implementing our strategy in a meaningful way as the year progresses.’ ---------- Ubuntu Mining & Metals Inc - British Virgin Islands-registered early-stage exploration and development company - On Tuesday, reports results for 2025, noting that it completed the acquisition of a 25% legal and beneficial interest in the Dilotiko Iron Ore Project in Kenya. Says it will not be recommending a final dividend, unchanged from 2024. Reports no revenue for the year but intends to develop the Dilotiko project whilst scouting for new precious metal mining concessions, and to keep looking for ‘new ways to increase cashflow’. Administrative expenses rise 8.8% to $223,000 from $205,000. Pretax loss widens to $203,000 from $206,000. Ubuntu says it ‘continues to actively evaluate additional mining and exploration opportunities across Africa, with particular emphasis on gold projects’, and is currently assessing two prospective projects in Tanzania. ---------- capAI PLC- company focused on artificial intelligence systems for media and medicine - Reports results on Tuesday for the six months ended March 31. Says this period ‘marked a clear transition for capAI, the applied AI venture platform, as it moved from strategic repositioning into early-stage operational execution.’ Pretax loss widens to £967,906 from £136,946 the year before. Administrative expenses surge to £968,791 from £137,062, which capAI says is mainly due to the costs of maintaining its London listing and supporting ongoing operations. ‘These costs included regulatory and professional fees, consultancy services, D&O insurance, non-executive director fees, and executive director share-based remuneration,’ the company says. Cash balance is £120,487 as of March 31, from £101,101 one year prior, in light of continued fundraising during the half-year. Executive Chair Ronjon Nag says capAI ‘is progressing its focused strategy of disciplined execution, capital efficiency and the selective advancement of high-potential AI opportunities, supported by its licence and option partnership with R42.’ ---------- Black Sea Property PLC - property developer in Bulgaria - Reports, on Tuesday, revenue from camping reservations of €4.1 million for 2025, up 38% from €3.0 million in 2024. Cites increased occupancy at Camping South Beach, which it says ‘continued its strong growth trajectory,’ with overall occupancy increasing to 49.59% from 42.67%. Net asset value is 2.11 euro cents per share as of December 31, up from 2.10 cents one year prior. Group revenue increases 30% to €5.2 million from €4.0 million. Pretax profit falls 67% to €795,757 from €2.4 million. Property operating expenses increase 49% to €3.8 million from €2.5 million. Fair value gain on revaluation of investment properties falls 26% to €2.4 million from €3.2 million. Looking ahead, Chair Simon Hudd says Black Sea’s operating environment remains challenging, and that it is unable to fully assess the potential impact of ongoing global conflicts. Adds, however, that Camping South Beach ‘is well placed to continue its positive performance in 2026,’ expecting continued reservation revenue growth this year. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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