EARNINGS AND TRADING: Mincon says 2026 results to beat expectations
The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News:
----------
Scancell Holdings PLC - Oxford-based pharmaceutical company focused on cancer immunotherapies - Publishes results for the year to April 30. Pretax loss widens to £20.2 million from £15.3 million. Reports no revenue, down from £4.7 million. In July, Scancell announced a merger with biotechnology firm Neuphoria Therapeutics Inc via an all-share transaction. The combined company is to be listed on the Nasdaq in New York. In line with the transaction, Scandell on Friday says it has entered into a loan agreement with certain funds and accounts managed by BlackRock Inc for a loan facility of up to USD25.0 million. "The debt facility is an important part of an equity and debt package in conjunction with the planned merger that allows Scancell to proceed at pace to initiate and execute the global registrational Phase 3 trial for its lead programme, iSCIB1+," says Scancell Chief Executive Phil L'Huillier. On October 2, Scancell proposed a 10 to 1 share consolidation. Trading on a consolidated basis is expected to begin on October 31.
----------
Dekel Agri-Vision PLC - West Africa-focused agricultural company - Provides third quarter production update for its Ayenouan palm oil project and Tiebissou cashew processing plant in the Ivory Coast. Says despite the period representing the seasonal low point for fresh fruit bunch availability, its palm oil operation delivered crude palm oil production broadly flat with that of a year ago. Sees "a stronger finish to the quarter in September." Meanwhile, palm kernel oil production more than doubles year-on-year. Says this reflects the processing of palm kernel stock held at June 30. CPO and PKO sales prices remaine at historically elevated levels. CPO production falls 0.7% to 2,709 tonnes, with the extraction rate stable year-on-year at 19%. CPO sales volume decreases 6.6% to 2,535 tonnes. CPO production exceeds sales by 170 tonnes, which remains available for sale in the fourth quarter. PKO production more than doubles to 551 tonnes and PKO sales volumes jumps 79% to 948 tonnes, reflecting sales of PKO stock built up during the first half of 2026. PKO sales prices increase 6.4% to EUR1,334 per tonne, "broadly in line" with a year ago.
----------
Pristine Capital PLC - cash shell - Pretax loss widens to £170,905 in the six months to April 30 from £98,902. Administrative expenses rise to £171,438 from £104,297. Reports no revenue, unchanged. For the year to October 2025, loss before tax widens to £870,652 from £284,784. In December 2025, Pristine said it would no longer be pursuing a planned acquisition of a regional property portfolio for around £20 million. Says the vendor no longer wished to sell the property portfolio to Pristine at the price which had originally been agreed. Since, the company has reviewed its financial position and options. Accordingly, announces plans to raise £68,850 through the issue of 688,500 shares. It has also proposed a £500,000 fundraise and settlement arrangement with its creditors which, subject to approval by shareholders. Says this will clear its liabilities and provide it with funding to pursue a future transaction. Shares remain suspended, subject to approval of the £500,000 fundraise.
----------
Achilles Investment Co Ltd - investor in closed-ended, London-listed investment companies - Declares pretax profit of £5.2 million for January 20 2025 to June 30 2026. Says it remains "positive on the outlook for the sector, where discounts to net asset value across listed property, infrastructure and other real-asset-backed companies remain wide." Adds: "We continue to see excellent value in heavily discounted property stocks. Governance and discounts have firmly come to the fore, and complacency has reduced, a trend we expect to continue until the sector is structurally right-sized...The sector-wide narrowing of discounts since launch was the more straightforward phase. What remains are companies at an impasse, where sales have failed, wind-downs have stalled or boards are resistant to change, and where returns depend on engagement rather than on the market."
----------
Mincon Group PLC - Shannon, Ireland-based engineering firm - Provides trading update for the nine months to September 30. Expects 2026 revenue and earnings before interest, taxes, depreciation and amortisation ahead of market expectations. Says strong momentum has continued in the third quarter. Revenue for the nine-month period climbs 28% from a year ago. Notes it continues to "gain traction with customers in the construction market, driven by our innovative drilled foundations solution, spiral flush." Adds: "This is particularly evident in North America, where work on existing major infrastructure projects will continue into 2027. During the quarter we also won two significant new projects in Sweden, which we expect to complete between [fourth quarter] 2026 and [first quarter 2027." Highlights growth in its mining business across Africa, Australia and North America. Says cost pressures have eased. Expects further improvement in margins.
----------
Motorpoint Group PLC - Derby, England-based vehicle retailer - Reports retail volume growth of 7.6% in the six months to September 30 from a year ago, helped by new stores in Leeds. Expects to report first half underlying pretax profit of £6.5 million, up 81% from £3.6 million last year. Looking ahead, says it is confident in its outlook for 2027 and that trading is in line with the recently upgraded market consensus. Plans to announce its interim results on November 11. Chief Executive Mark Carpenter says: "Motorpoint has delivered another strong period of volume and profit growth. This is despite a backdrop of consumer uncertainty fuelled by inflation, high interest rates and the impending government budget. The investments made in technology have driven tangible operational and financial benefits, helping us source the right vehicles and price them for optimised rate of sale, which results in consistently high metal margins. The competitive advantages resulting from this investment, along with strong financial performance in the first half of [2027] gives us confidence in the group's prospects for the remainder of the year and beyond."
----------
Octopus Apollo VCT PLC - venture capital trust focused predominantly on unquoted companies - Net asset value per share falls to 48.3 pence at July 31 from 50.0p a year ago. First half post-tax profit falls to £6.0 million from £8.9 million. Declares 1.2 pence interim dividend, down from 1.3p. "This is a satisfactory outcome against a challenging backdrop for business-to-business technology businesses. While broader public equity markets proved relatively resilient during the first half of 2026, comparable public software market multiples remained volatile, reflecting wider geopolitical and macroeconomic uncertainty alongside changing investor sentiment towards artificial intelligence. Since the period end, valuations of public software companies have shown some signs of stabilisation, although they remain subject to continued volatility," says Chair Murray Steele.
----------
Copyright 2026 Alliance News Ltd. All Rights Reserved.