EARNINGS and TRADING: Aeorema ups guidance; ZCCM swings to profit
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:
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Aeorema Communications PLC - London-based live events agency - First half revenue rises 33% to £17.5 million from £13.2 million a year ago bringing pretax profit to £1.5 million from £485,137. Expects 2026 revenue to be "significantly more weighted towards the first half and as such "the exceptional level of profitability achieved during the first half should not be extrapolated directly across the full year." Even so, "trading remains robust, client engagement continues to be strong, and we are seeing encouraging opportunities across our core markets and the wider global events calendar," Aeorema says. Aeorema has raised irs 2026 revenue outlook to £23.0 million from £22.6 million previously. Now sees pretax profit excluding foreign exchange effects of £1.1 million, up from £1.0 million before.
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Symphony International Holdings Ltd - Asia-focused investment company focusing on healthcare, hospitality, lifestyle, logistics and education sectors - Net asset value per share declines to USD0.83 at June 30 from USD0.86 at December 31. Expects private capital markets in Asia "to remain selective but constructive." Adds: "While geopolitical uncertainty and higher financing costs may continue to affect transaction timing and valuations, Asia's long-term investment case remains underpinned by rising incomes, urbanisation, favourable demographics and accelerating technology adoption." Says India, in particular, is "a significant source of high-growth investment opportunities, supported by its large domestic market, expanding digital economy and improving depth of the capital markets."
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ZCCM Investment Holdings PLC - Lusaka-based mining investor - Swings to first half pretax profit of ZMW234.3 million or £9.0 million, from a ZMW721.6 million a year ago. Revenue climbs to ZMW57.8 million or £2.2 million from ZMW44.1 million. Says "a key influence" on its results was the appreciation of the Zambian Kwacha against the US Dollar, leading to adverse foreign exchange losses. Looking ahead, says "the ongoing transformation" of Konkola Copper Mines PLC and Mopani Copper Mines PLC and the "successful delivery" of its investment pipeline, "will lay the foundation for stronger earnings and shareholder value creation." Adds: "We therefore encourage our shareholders to focus on the group's long-term trajectory, recognising that the groundwork laid today will yield substantial benefits in the years ahead."
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Oriole Resources PLC - West and Central Africa-focused gold explorer - Swings to first half pretax profit of £986,000 from a loss of £567,000 a year ago. Reports no revenue, unchanged. Results include a £1.5 million gain on change of asset ownership. Cash balance at June 30 is £1.5 million, down from £2.5 million at December 31. Says all of its projects "are now well placed to generate important results and advancement in the months to come." Adds: "As always, the board's priority is to realise the full potential of the company's projects in a timely and cost-effective way, generating value for shareholders. Much has been achieved during the year to date which is a credit to the whole Oriole team in Cameroon and the UK, and this has undoubtedly put the company in good stead to achieve its corporate objective. As we reach the next anticipated project milestones and beyond, our optimism and confidence are high that this will translate into value for shareholders."
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itim Group PLC - London-based retail software solutions provider - First half earnings before interest, taxes, depreciation and amortisation rises to £1.3 million from £378,000 a year ago. Swings to pretax profit of £167,000 from a loss of £707,000 as revenue rises to £8.6 million from £8.0 million. Administrative costs fall £2.1 million from £2.3 million. Chief Executive Officer Ali Athar says: "I am pleased to report a much stronger first half, with the Group returning to profit and growing our recurring revenue base. Despite a UK retail market that remains under pressure, our existing customers continued to back us, and our operations in South America performed particularly well. The launch of itimAIQ during the period marks an important step for us in AI, and we enter the second half with a growing pipeline and real confidence in where the business is heading."
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BP Marsh & Partners PLC - investor in early stage and small to medium-sized financial services intermediary businesses - Updates on the six months to July 31. Sees "continued portfolio growth and strong underlying performance," with three new investments completed across specialist sectors of the financial services space, alongside one disposal. Acquires 25.0% of Ventura Risk Partners Holdings Ltd, 30.0% of Nine Edge Wealth Ltd, and a 17.9% preferred interest in Autonomy Investment Partners LLC. Sells its 39.2% stake in Amiga Specialty Holdings Ltd to portfolio company Sodalis Capital Ltd. Additionally, increases its investment in Pantheon Specialty Group Ltd to 41.0% from 39.0%. Comments: "The group continues to see strong levels of inbound interest, receiving 45 new business enquiries during the period. This sustained origination activity reflects the continued appeal of the group's partnership-led approach and deep sector expertise to high-quality management teams across its target markets, as well as the strength of the group's reputation and brand."
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Mission Group PLC - Devon, England-based owner of a group of digital marketing and communications agencies - First half pretax loss narrows to £26,000 from £4.0 million a year ago. Turnover rises to £88.2 million from £83.4 million. Headline operating costs fall to £30.4 million from £31.9 million. Says while "market conditions remain uncertain" it "remains confident in delivering profitable growth across all operating segments." Expects profit to be weighted towards the second half, as in prior years. Backs 2026 revenue guidance of USD69.0 million and its headline operating profit outlook of £8.0 million and margin expectations of 12%. CEO John Carey says: "We made strong progress in the first half, with 43% growth in our headline profit before tax driven by successful delivery against the strategy we set out earlier in the year. Having simplified and strengthened our operating model we are seeing the benefits of the deeper and more integrated expertise we can offer to clients. This position of strength is supported by a reduced cost base which leaves us well placed to drive further margin and profit enhancement, strong cash generation and year on year debt reduction. The second half has begun well, with strong new business conversion and a healthy pipeline looking into the remainder of the year. This trading momentum, combined with the continued progress against our strategic growth priorities, reinforces the board's confidence for the calendar year 2026 and beyond."
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SkinBioTherapeutics PLC - Newcastle Upon Tyne, England-based life sciences - Interim CEO Rachel Parsonage and acting Chair Alyson Levett agree to make their roles permanent. Says it is in discussions to appoint an additional non-executive director, with an announcement to be made soon. Additionally, says it expects to report revenue of £4.7 million its year to June 30, representing growth of 21% from a year ago. Sees adjusted Ebitda loss of £1.6 million, narrowed from a restated £1.7 million. Says trading in financial 2027 has thus far been ahead of expectations. Its focus is on "revenue growth, reducing the underlying operating loss and preserving cash," company says.
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Supply@Me Capital PLC - London-based inventory monetisation platform - Delays publication of its financial results for the six months to June 30 until after the September 30 deadline. It continues to work on its 2025 report. Supply@Me says the delay is due to talks over preposed acquisitions from Societe Financiere Europeenne SA. In January, Supply@Me entered into non-binding head of terms with SFE regarding the proposed acquisition of its inventory ownership business. In July it expanded the scope of the acquisition to include an Italian regulated credit intermediation business and certain inventory monetisation funding know-how relating to relevant financing structures. Says final agreements have to yet been signed as the board is awaiting confirmation from SFE as to the availability of the funds that it has committed to provide to the company under the new proposed convertible loan note agreement. One confirmation is received and the deal complete, Supply@Me will be able to publish the delayed results.
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