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The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: ---------- WAG Payment Solutions PLC - London-based provider of payment and data services to trucking companies in Europe - Bock Capital EU Luxembourg WAG Sarl, an affiliate of TA Associates Management LP, intends to sell around £30 million worth shares in WAG Payment, a statement from broker Peel Hunt says. TA Associates currently owns 118.5 million in the company, around 17% of its share capital. The sale and price will be conducted and determined by way of an accelerated bookbuild to institutional investors. Peel Hunt LLP has been appointed as sole global co-ordinator and joint bookrunner and Wood & Co Financial Services as joint bookrunner. The company is not party to the placing and will not receive any proceeds. TA Associates initially invested in WAG Payment back in 2016 and helped take the business public through a initial public offering on the London Stock Exchange in 2021. ---------- SIG PLC - Sheffield-based construction specialists - Group like-for-like sales decline 1.5% year-on-year in the six months ended June 30 due to continuing challenging conditions in its major markets, which were exacerbated by poor weather conditions at the start of the year. Performance improved in the second quarter (LFL up 1%) following a particularly weak Q1 (LFL down 5%) with first half underlying operating profit anticipated to be £10 million, down from £15 million the year before. Net debt at June 30 was £532 million (including leases) with liquidity remaining strong at £154 million despite a targeted inventory build ahead of raw material price increases. No material recovery in market conditions is anticipated in the second half of 2026, and SIG now expects 2026 underlying operating profit to be £25 million. Assuming no recovery in the second half of 2026 or 2027, SIG has developed an ‘improvement plan’. This aims to generate cash of at least £100 million, through a combination of business simplification, disposals, business improvement and working capital optimisation. It is also targeting an annualised operating profit run rate improvement of £50 million by the first half of 2028. Further details of the plan will be shared with the H1 2026 results on August 4. ---------- Helical PLC - property developer targeting London - Provides an update covering its trading activity for the April 1 to July 15. Says it has been a ‘strong start’ to the financial year, ‘our development pipeline looks increasingly well timed’ and continues to ‘progress at pace’. ‘With our development at Delta Paddington now out of the ground and our Southwark PBSA on track to receive Gateway 2 approval this year, we have a clear pathway to generating meaningful and sustainable returns,’ Helical says. Helical also announces that it has exchanged an agreement for lease for the 12th floor of The Tower, The Bower, comprising 9,572 square feet, to Audio Network Ltd, a global music company. Audio Network will relocate to The Bower in November. The lease has been agreed on an 11-year term, with a tenant break option at year six, and is in line with the March 2026 estimated rental value. Following this transaction, occupancy at The Bower has increased to 96.6%. ---------- Northern Bear PLC - Newcastle Upon Tyne, England-based specialist building and support services company - Pretax profit rises to £5.0 million in the financial year ended March 31 from £3.1 million the year prior, as revenue climbs 10% to £86.1 million from £78.1 million. Basic earnings per share balloon to 30.2 pence from 16.8p, adjusted basic EPS jumps 18% to 22.7p from 19.3p. Says site activity levels remained high in the first six months of FY26, ‘although the ongoing macro-economic challenges have had a negative impact on the construction industry generally, including our own performance, during the last 6 months of FY26.’ Trading in the first quarter of the current financial year has been stable and results are in line with management expectations, Northern Bear adds. ‘The latest expectations for FY27 are for underlying revenues to remain broadly consistent with the excellent underlying results in FY26.’ Maintains ordinary dividend at 2.5p per share on-year, raises special dividend to 5p per share from 1p. ‘Our intention is to continue with a progressive dividend policy,’ firm adds. ---------- Somero Enterprises Inc - Fort Myers, Florida-based concrete-levelling machinery maker - Reports better-than-expected trading in the six months ended June 30, as improved conditions seen toward the end of 2025 continued through the first half, primarily reflecting continued stabilisation in US private non-residential construction, the company’s largest market. Following the stronger first half, and assuming trading in the second half of the year is in line with management expectations, Somero now expects 2026 revenue to be ahead of market expectations, with commensurate improvement in profit and operating cash generation. Somero puts market consensus for revenue of $86.0 million, adjusted earnings before interest, tax, depreciation and amortisation of $15.9 million, and adjusted pretax profit of $13.5 million. ‘The board is encouraged by the improvement in customer activity, while remaining mindful of ongoing market uncertainty,’ it adds. Chief Executive Tim Averkamp says: ‘Conditions across our markets are still uneven, and we are early in any stabilization rather than through it, but the direction of travel is positive.’ ---------- MS International PLC - Doncaster, Yorkshire-based defence equipment manufacturer - Says pretax profit falls to £15.1 million in the financial year ended April 30 from £20.1 million the year prior while revenue ebbs to £115.0 million from £117.5 million. Says falls ‘both anticipated and signalled in earlier shareholder communications.’ Diluted earnings per share are 65.7 pence, down from 87.0p. ‘We continue to receive substantial international interest for our range of defence and security products, especially our timely combat proven counter-drone capability,’ firm says. However, order book at the April year end was marginally lower than the previous two years mainly owing to delays in the placing of some substantial anticipated defence orders. Recommends a final dividend of 20p per share, up from 18p on-year, making a total for the year of 26p per share, raised from 23p. In addition, confirms the appointment of Anthony Wreford as independent non-executive chair with immediate effect. Wreford replaces Michael Bell who is stepping down as executive chair after 50 years with the firm. Bell will become life president, with immediate effect. Michael O’Connell has been appointed as group chief executive with immediate effect following his tenure as managing director and finance director before that. ---------- Capital Ltd - mining services company - Revenue rises 34% to a record $117.3 million in the three months ended June 30 from $87.4 million the year prior. Drilling & associated revenue grows 7.9% to $68.0 million, Mining revenue increases 7.0% to $25.5 million and MSALABS revenue jumps 17% to $23.8 million. ‘Our drilling business delivered consistent performance during the quarter and is in the late stages of negotiation on several growth opportunities. During the quarter, we began demobilising from our drilling operations at the NGM complex in the USA and Sadiola in Mali, with equipment being redirected to higherreturning opportunities across our existing portfolio,’ notes Chief Executive Jamie Boyton. Against a backdrop of record commodity prices, strong tendering activity and increasing capital markets activity, ‘we reiterate our fullyear revenue guidance of $410-$440 million and remain well positioned to deliver continued growth across all three divisions,’ the CEO adds. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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