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The following is a round-up of earnings by London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- Gresham House Renewable Energy VCT 1 PLC and Gresham House Renewable Energy VCT 2 PLC - London-based venture capital trusts - Report results for the six months ended March 30 on Tuesday. VCT 1’s net asset value per share is 23.3 pence as of March 30, down from 36.4p at March 31, 2025. VCT 2 reports an NAV per share of 22.9p, down from 35.7p. The trusts have been selling their assets ahead of a proposed members’ voluntary liquidation. They note that in late June they announced the sale of their remaining solar assets to a UK entity managed by True Green Capital Management LLC, for total gross proceeds of around £20 million and net proceeds of around £6.3 million for each trust. They plan to ‘return as much as possible of the sale proceeds to shareholders through a dividend or capital distribution,’ Chair Gill Nott says, calling the solar assets’ sale ‘an important milestone’. ‘All of the company’s renewable assets have now been disposed of, with the small wind assets disposed of in February 2026 and the rooftop solar installations disposed of in April 2023,’ Nott continues. ‘The board expects to announce details of the distribution to shareholders arising from the proceeds of this sale as soon as practicable.’ ---------- ZCCM Investment Holdings PLC - Lusaka-based mining investor - Releases, on Tuesday, a trading statement and provisional abridged unaudited results for 2025. Says it expects to report earnings per share that are around 107% lower than those for 2024. Mainly attributes this to a one-off gain, recognised in 2024, and to the underperformance of Mopani Copper Mines PLC and Konkola Copper Mines PLC, as both firms undergo ‘strategic operational reforms’. Accordingly, for 2025 ZCCM reports a group basic & diluted loss per share of ZMW17.26, flipped from EPS of ZMW247.80. Pretax loss is ZMW2.80 billion, or £116.6 million, against the prior year’s ZMW40.42 billion. The one-off gain in 2024 was regarding a subsidiary loan modification and totals ZMW35.03 billion. Revenue from contracts customers falls 94% to ZMW169.5 million from ZMW3.21 billion. However, company investment income increases to ZMW3.38 billion from ZMW2.42 billion, while its pretax loss narrows to ZMW1.21 billion from ZMW3.80 billion. Basic & diluted loss per share narrows to ZMW7.32 from ZMW27.26. Says the previous year’s company performance was affected by non-recurring exceptional costs associated with a strategic equity partner transaction involving Mopani. ‘While the group recorded a decline in financial performance, this outcome reflects the deliberate execution of transformational initiatives to secure sustainable, long-term value for our shareholders,’ ZCCM says. ‘Mining remains inherently long-term in nature, and the full benefits of these strategic initiatives will take time to materialise. Nonetheless, we remain confident that the actions undertaken are positioning the group for recovery, resilience, and enduring growth.’ ---------- Dotlines Global Ltd - operating in the telecommunications, digital infrastructure, cybersecurity and financial technology sectors - Reports results, on Tuesday, for 2025 at Dotlines International Ltd, and for the 17 months ended December 31 for Audra Solutions Ltd. Notes that the results are for a period prior to the May 11 acquisition of Audra and Dotlines International parent Dotlines (Guernsey) Ltd, and says it will publish consolidated results for the first half of 2026 by September 30. Dotlines International revenue increases 4.9% on-year to £21.5 million from £20.5 million. Pretax profit rises 10% to £1.1 million from £1.0 million. Audra Solutions revenue for the 17 months totals £104,010, up from £9,995 for the year ended July 31, 2024. Pretax loss is £959,563, widened from £421,039. Administrative expenses more than double to £1.1 million from £431,034. ---------- Geiger Counter Ltd - investor in uranium exploration and production stocks - Reports results for the six months ended March 31 on Tuesday. NAV per share increases 22% to 87.12p at the period’s end from 71.66p at September 30. Chair Gary Clark says it was ‘a busy period’ for Geiger as ‘the uranium market has continued its recovery’. Notes that the uranium spot price was ‘volatile’, starting the half-year at $81.9 per pound before surging to $101.5 and then stabilising at $84 as of March 31. ‘The longer-term average contracting price was more encouraging and ended the period in the low $90s/lb range as utilities sought to secure longer-term supplies,’ Clark continues. ‘The uranium equities in the portfolio performed well and towards the end of the period our biggest position, Nexgen, received its long-awaited final authorisation to commence development.’ Looking ahead, he says: ‘The outlook for the uranium market remains very positive with global AI and data centre power requirements giving a strong emphasis to the stable base load characteristics of nuclear power...with growing global nuclear power demand coupled with a highly constrained and fragile supply landscape, our portfolio is well-positioned to benefit.’ ---------- London BTC Co Ltd - bitcoin miner with a gold hedge strategy, and operations in the US and Canada - Reports revenue of £1.2 million for the year ended February 28, up 22% from £957,473 for the 18 months ended February 28, 2025. Pretax loss narrows to £6.5 million from £15.6 million. ’Other expenses’ fall to £1.5 million from £14.9 million, while administrative expenses decrease to £923,385 from £979,580. ‘The financial year ended 28 February 2026 has been a defining year in our short history as a publicly listed company,’ comments Chair David Lenigas. ‘We have completed our branding transformation, scaled up our mining operations, materially grown our bitcoin treasury, and laid the foundations for a future dual North American listing.’ He says the price of bitcoin ‘has been volatile,’ but adds: ‘Importantly, the structural picture remains highly supportive. Publicly traded companies now hold over 1.18 million bitcoin between them, with corporate buying running at multiples of new mining issuance.’ Also notes that gold ‘has had an exceptional year, with prices trading at approximately $4,000 per ounce on safe-haven demand.’ Company expects ‘further sharp moves in both directions’ for bitcoin, and plans to ‘keep mining, keep accumulating, keep capital structure clean, and keep our hedges deliberate and proportionate.’ ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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