EARNINGS AND TRADING: Science Group profit slips; RTC holds dividend
The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Science Group PLC - Cambridge, England-based science and technology consultancy - Pretax profit tumbles to £8.1 million in the six months ended June 30 from £32.2 million the year prior as revenue drops 17% to £47.2 million from £57.2 million. Core revenue drops more modestly to £46.4 million from £48.7 million, with the difference reflecting the managed reduction of low margin, pass-through defence revenue. Adjusted operating profit increases to £11.5 from £11.3 million, with margin improving to 24.3% from 19.7%. Cash conversion remains strong at 94%, generating £10.7 million from operations in the period, down from £21.2 million a year ago. Looking ahead says: "whilst the geopolitical environment remains volatile, the board anticipates sequential period growth in the second half of the year, driven principally by the Services division." Highlights its "particularly strong" balance sheet, and continues to evaluate corporate opportunities where the potential risk-adjusted returns justify the deployment of capital. Anticipates capital allocation to the share buy-back will exceed £20.0 million in 2026.
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RTC Group PLC - Derby, England-based recruitment company - Pretax profit totals £747,000 in the six months ended June 30, down from £1.2 million the year prior. Revenue from continuing operations drops to £45.2 million from £48.3 million, gross margin eases to 18.3% from 18.4% on-year. Fully diluted average earnings per share decline to 4.21 pence from 6.62 pence. Proposes an unchanged interim dividend of 1.21p per share. Calls it a "solid" first half performance despite the "myriad headwinds" highlighted in May. The order book remains "resilient" and RTC says it is "well placed" to benefit from improving activity levels.
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Quartix Technologies PLC - Newtown, Wales-headquartered vehicle tracking software firm - Pretax profit rises 21% to £4.8 million in the half-year ended June 30 from £4.0 million the year prior. Revenue increases 12% to £19.4 million from £17.3 million, but diluted earnings per share fall to 5.51 pence from 6.50p. The interim dividend is lifted to 2.70p per share from 2.50p. Free cash flow improves 18% to £3.0 million from £2.5 million. "The group has delivered a strong financial performance in the first half, with solid growth in revenue, profit and free cash flow. This reflects the strength of our subscription‑based model, disciplined pricing and increasing upsell momentum across our customer base. The second half has started well, and with targeted investment in our upsell capabilities and customer acquisition we look to the remainder of the year and 2027 with confidence," says Executive Chair Andrew Walters.
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Dianomi PLC - London-based provider of native digital advertising services - Expects to report revenue of £13.4 million in the six months ended June 30 versus £13.2 million, up 1.5% year on year. At constant currency,revenue grows 4.5% year on year. A strongly improved gross margin performance leads to an increase in gross profit to £3.9 million from £3.3 million, a margin of 28.9%, up from 25.3%. Expects to recognise a small loss at earnings before interest, tax, depreciation and amortisation level, "significantly" improved on the prior year's £600,000 loss. Cash as at June 30 is £6.0 million, up from £5.7 million, and the group remains debt free. "This has been an active first six months which has translated into a good trading performance showing improvement across all our key metrics. While advertisers remain cautious compared to historic ad spend levels we have continued to innovate and develop our premium product services through the launch of Dianomi Interactive, a new partnership with AI media infrastructure company Dappier and most recently the introduction of a dedicated IR and Corporate Communications vertical," says Chief Executive Rupert Hodson.
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iFOREX Financial Trading Holdings Ltd - British Virgin Islands-based financial services provider - Expects revenue of around USD27.0 million in the six months ended June 30 versus USD27.6 million the year prior, and adjusted Ebitda of USD4.2 million on a constant currency basis, in line with the board's expectations. On a non-constant currency basis, sees adjusted Ebitda of USD2.4 million reflecting the "exceptional strengthening of the ILS against the USD." Feels that is prudent to take a cautious approach to exchange rates for the rest of the year and, as a result, expects full year operational costs to be USD2 million higher on a USD basis than previously expected at the start of the year.
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Zinc Media Group PLC - London-based media company - As of June 30, says it has revenue secured and due to be recognised in the full-year of £25 million, down from £35 million a year ago. A further £9 million is at a highly advanced contracting stage for recognition in the year, compared to £4 million this time last year, while it is working on a total further pipeline of £16 million. Chief Executive Mark Browning says: "Our Middle East business is outperforming our FY26 growth expectation but there are headwinds in the market, and this may impact the delivery of some large productions due in H2. The group has a strong pipeline, including potential opportunities with the largest global streamers underpinning the positive long-term outlook for the group."
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