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The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- Oryx International Growth Fund Ltd - Guernsey-based investor in medium and small quoted and unquoted companies in the UK and US, managed by Harwood Capital Management - Net asset value per share is £16.22 as of March 31, up from £16.15. Says NAV rose 16% in the six months ended September 30, but gave back most of these gains in the second half of the year ended March 31 due to a sell-off that month. Chair Jamie Brooke says domestic and geopolitical headwinds, including UK national insurance increases and the war in Iran, ‘were felt universally across UK equities, leading to further redemptions across the UK market.’ Adds: ‘Fortunately, your company benefits from the certainty of closed-ended capital and is therefore insulated from the retail redemptions which have weighed on open-ended rivals and, in turn, on the wider UK market itself.’ Also notes positive corporate activity, including the acquisition of Kitwave Group PLC, Fevara PLC returning £70 million following the sale of its Engineering division, and Animalcare Group PLC recommending an ‘attractive’ cash offer from Charterhouse Capital Partners. Looking ahead, meanwhile, the current year could be ‘an exciting period’ if geopolitical tensions are resolved, noting increasing takeover bids for UK assets and renewed buying activity, as well as rising shareholder activism. ---------- Afentra PLC - Africa-focused oil and gas explorer and producer with interests onshore and offshore Angola - Reports gross average production of 19,379 barrels of oil equivalent per day for the six months ended June 30, which were affected by downtime due to the positioning of the Borr Grid drilling unit over the Pacassa platform, and a planned shutdown of the gas compression system. Says production, water injection and gas compression have been fully restored. Says drilling of the Pacassa SW well is progressing and expects the reservoir section to be drilled in the coming weeks, with initial well results anticipated in late July. Its multi-year redevelopment plan ‘remains on track,’ with water injection averaging around 45,000 bwpd and infrastructure upgrades progressing ‘across key platforms’. Reports revenue of $91.0 million for the six months, generated through two liftings of 997,252 barrels of crude oil at an average price of $91.3 each. Also reports cash resources of $97.4 million and net cash of $28.4 million as of June 30. Says it has drawn the first $70 million tranche under its new $125 million Gunvor prepayment facility agreed in May. Expects three further crude oil liftings of around 450,000 barrels each in the remainder of 2026. ‘Across our offshore and onshore portfolio, we have multiple pathways to deliver the production and reserves growth we have been building towards,’ Chief Executive Officer Paul McDade comments. ---------- Vianet Group PLC - Stockton-on-Tees, England-based provider of retail sales and volume monitoring systems - Publishes Chair James Dickson’s annual general meeting statement, which says the year ending March 31, 2027 ‘has started positively’. Group revenue for the first quarter is up 3.1% on-year with recurring revenue up 5.8%. Vianet’s net cash position is approximately £700,000 as of June 30. The Hospitality and Unattended Retail divisions have both generated year-on-year recurring revenue and gross profit growth for the quarter. Notes the completed rollout of Hospitality’s Beverage Metrics inventory platform across approximately 100 sites for a ‘leading’ US restaurant chain, and a net increase from Unattended Retail of 640 additional cashless devices connected during the first quarter, helping keep the division on track to meet the current year’s connection targets. Vianet recognises that ‘the wider macroeconomic environment remains uncertain,’ but ‘remains confident’ in its prospects for financial 2027. ‘Supported by high levels of recurring revenue, long-standing customer relationships, a strengthening net cash position and disciplined capital allocation - underlined by the materially increased final dividend payable later this month - we believe Vianet is well positioned to deliver sustainable, profitable growth and create long-term shareholder value,’ Dickson comments. ---------- Insig AI PLC - London-based machine learning solutions company - Says it continues to expect accelerated sales growth for financial 2027, with revenue more than doubling year-on-year to approximately £1.7 million, and to therefore achieve operating profitability. Says its business is ideally placed to provide customers enterprise solutions over data sets and models whilst connected to large language models, also citing its proprietary central bank and corporate reporting repositories, and other datasets. Also reports ‘good progress’ on its digital asset investments proposition, as the board continues to assess a potential dual listing on the Nasdaq. Furthermore, Insig announces that Chief Executive Richard Bernstein has offered to invest £250,000 at 15 pence per share, a ‘substantial premium’ to its closing price of 11.75p at the close on Monday. He also proposes an equity funding ’call option’ to invest up to an additional £250,000 at 18p per share, exercisable from within six months of the initial 15p per share investment. Insig says it is evaluating his proposals, noting that ‘many US investors are investing heavily in the AI space,’ and will issue a further announcement in due course. ‘We have multiple opportunities. I am very keen to ensure that the company fully capitalises on them,’ Berstein comments. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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