EARNINGS: Cobra Resources swings to profit; African Pioneer loss falls
The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Cobra Resources PLC - South Australian mineral exploration and development company - Swings to pretax profit of £179,889 in 2025 from a pretax loss of £423,336 the year prior. Benefits from gain on financial instruments at fair value of £1.4 million versus none in 2024. ’Other’ expenses double though to £1.1 million from £565,298. ‘2025 was a year that shaped Cobra for future value creation through a trifecta of portfolio developments in ISR rare earths, copper, and the divestment of non-core gold assets,’ company says.
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Ceiba Investments Ltd - investor in the Cuban commercial and tourism real estate sectors - Pretax loss narrows to $13.2 million in 2025 from $28.6 million the year prior. Income totals $2.3 million compared to $2.6 million. Net loss in fair value of financial assets at fair value through profit or loss narrows to $5.8 million from $16.1 million a year ago. Net loss in fair value of loans and lending facilities at fair value through profit or loss narrows to $329,017 from $10.8 million.
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Predator Oil & Gas Holdings PLC - Morocco and Trinidad-focused oil and gas company - Reports first revenue generation but wider annual loss. The Jersey-based oil and gas company says 2025 revenue totals £938,835, compared to none the year before, though pretax loss widens to £3.0 million from £2.1 million. Adds it remains debt-free and highlights progress in Trinidad and Morocco, including asset acquisitions and preparations for 2026 drilling activity. Chief Executive Paul Griffiths says: ‘2025 has been a transformational year for the company with the addition of revenue-generating production through the acquisition of 3 oilfields in Trinidad. These have potential for improved operational efficiencies and enhanced oil production as we enter a cycle of rising commodity prices. The acquisitions have safe-guarded local jobs and services and have ensured that the management of the fields are to best practice environmental standards.’
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Supernova Digital Assets PLC - looks to identify investment and business building opportunities in the Solana and crypto currency ecosystem - Pretax loss narrows to £12,000 in 2025 from restated £574,000 in 2024 as revenue increases to £564,000 from £89,000. Benefits from £947,000 fair valuation movement in investments compared to £252,000 loss the year prior. Notes all companies exposed to cryptocurrency have encountered challenges. Is in discussions with other lenders and indications are that improved terms can be obtained which will ensure that the company has no requirement to liquidate crypto holdings for cash in the near to mid-term at what the board believe to be unacceptably low prices. ‘We will continue to carefully manage the Company through challenging times in Crypto and hope and expect to come out of this period in a position to take advantage of any upsides that present themselves,’ company adds.
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Chesterfield Resources PLC - copper and gold explorer in Cyprus and Labrador - Swings to pretax profit from continuing operations of £426,839 in 2025 from £684,962 loss the year prior. Bottom line benefits from £858,608 net gain on disposal of quoted investments versus loss of £53,017 the year before. ‘Remains committed to a selective and disciplined approach where a strong desire not to enter into a transaction in which all the aborted costs would fall on the company; however, we are encouraged by the progress made and the quality of opportunities under consideration. We look forward to concluding a transaction in due course and to updating shareholders as developments occur,’ company says.
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Guaranty Trust Holding Company PLC - Lagos, Nigeria-based banking franchise - Pretax profit is NGN302.9 billion in the first quarter, around £162.1 million, versus NGN300.3 billion the year prior. Interest income us NGN467.0 billion versus NGN397.4 billion. Earnings per share are 6.2 naira versus 7.8 naira.
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African Pioneer PLC - natural resource explorer and developer focused on sub-Saharan Africa - Pretax loss narrows to £612,466 in 2025 from £650,973 the year prior. Basic & diluted losses per share are 0.23 pence versus 0.29p. Says it continues to make progress in all aspects of its business and have reached the point where the full potential of the Ongombo project has been determined. Against a backdrop of price volatility and constrained copper supply, African Pioneer feels it has assembled an ‘enviable’ portfolio of projects well positioned to benefit from a potential acquisition cycle within the copper sector or, alternatively, to attract project financing for the development of its own operations.
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