EARNINGS: Everyman hails "positive" half-year; Tribal profit down
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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Everyman Media Group PLC - London-based chain of 49 premium cinemas - Everyman swings to a half-year profit, as revenue and admissions grow during a period that was boosted by "a wide range of films, genres and events". Pretax profit in the first half of 2026 amounts to £1.9 million, swinging from a loss of £3.4 million. Revenue rises 24% to £69.8 million from £56.5 million a year prior. Admissions rise 21% to 2.6 million from 2.2 million a year prior. "The passion and the pride in what we do is palpable every day at Everyman. We have momentum and a strong focus to manage the business with discipline and prudent investment," Chief Executive Farah Golant says. The second half has a strong pipeline new cinema releases, Everyman says, coinciding with the release of The Odyssey and Spider-man: Brand New Day, which came out in July. The comic book hero theme returns later in the year, with Avengers: Doomsday released in December. Focus will also be on Dune: Part Three, also out in December. Everyman adds: "While trading performance has been positive for the first half, the directors retain a degree of caution for the full year outlook due to the challenging economic environment and the significance of Q4 trading to the overall annual performance of the company."
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Tribal Group PLC - Sheffield, England-based educational software and services provider - Pretax profit in first half of 2026 falls 2.0% to £5.5 million from £5.6 million a year prior. Revenue improves 8.0% to £48.9 million from £45.3 million, but administrative expenses climb 16% to £18.8 million. "We have delivered another half of solid strategic and operational progress, with continued growth in recurring revenues, improving operational efficiency and important milestones," Chief Executive Mark Pickett says. Adjusted earnings before interest, tax, depreciation and amortisation rise 4.8% to £8.7 million from £8.3 million a year prior. For the full-year, Tribal expects revenue and adjusted Ebitda "comfortably in line with current market expectations". It puts consensus for revenue at £93.6 million and for adjusted Ebitda at £17.0 million. Revenue in 2025 was £92.5 million and adjusted Ebitda £17.5 million.
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Eurocell PLC - Derbyshire, England-based manufacturer, recycler and distributor of window, door and roofline PVC products - Eurocell swings to a pretax loss of £1.4 million for the half year to June 30 from profit of £3.8 million a year earlier, despite revenue rising 6.2% to £205.2 million from £193.2 million. Restructuring costs of £9.4 million hurt its bottom line. "Our first-half underlying financial performance was robust, despite weak trading conditions, rising input costs and the effects of the situation in the Middle East. Adjusted operating profit was 10% ahead of last year, supported by a strong contribution from Alunet and disciplined cost control," Eurocell says. "The momentum in Q2 sales has continued into the second half, and we expect to make further progress this year. The medium and long-term prospects for the UK construction market remain attractive, and we are well positioned to drive sustainable growth in shareholder value." Eurocell raises its interim dividend to 2.5 pence per share from 2.3p.
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Camellia PLC - holding company for agriculture businesses such as tea, avocado, macadamia and rubber - Camellia swings to a pretax profit of £15.6 million for the half-year to June 30, from a loss of £10.4 million a year prior. Revenue falls 2.9% to £104.6 million from £107.7 million. Boosting profit, Camellia books a £18.4 million profit on disposal of assets classified as held for sale. Its trading loss narrows to £5.0 million from £9.6 million. "The events in the Gulf, El Nino and the recently announced profits warning in Kakuzi have created headwinds for the trading profits for the full year. However, crop yields and realised prices for the remainder of the year continue to remain uncertain, making the full-year outcome difficult to predict," Camellia says. In August, Camellia flagged a profit warning from subsidiary Kakuzi, which cited disruptions to global shipping routes for a first-half profit downturn. Camellia owns 50.7% of Kakuzi, a Nairobi-based plantation operator that warned that net earnings in 2026 may be at least 25% lower on-year.
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Brooks Macdonald Group PLC - London-based wealth manager - Brooks Macdonald hails a year of "strong progress", noting a return to net flows. Total funds under management and advice increase 14% to £21.7 billion at the June 30 financial year end from £19.1 million a year prior. Net flows for the year amount to £200 million. It suffers outflows totalling £400 million in financial 2025. Pretax profit for the year falls 82% to £3.2 million from £17.5 million, but revenue rises 5.8% to £118.1 million from £111.6 million. Underlying adjustments of £25.8 million, rising from £11.4 million, hit its bottom line. These include strategic transformation costs of £12.1 million, up from £2.7 million and organisational restructure expenses of £6.8 million, rising from £2.1 million. Brooks Macdonald lifts its final dividend by 2.0% to 52.0 pence per share from 51p. Its total dividend amounts 83.0p, up 2.5% from 81.0p. Looking ahead, the company says: "With the period of major investment now completed, organic investment is expected to decline materially from FY26 levels to high single digit millions in FY27 as we continue to invest organically in initiatives aligned to our strategic priorities. We will continue to assess potential Financial Planning M&A opportunities. The board currently anticipates that FY27 financial performance will be marginally ahead of current market expectations."
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Tapir Holdings Ltd - investment holding company focused on investments in African real estate, land and urban development projects - Net asset value per share at June 30 half-year end rises to USD1.09 from USD1.05 in December. Tapir has a 10% stake in Rendeavour Holding Ltd, an investor in east and west African urban development projects. Tapir plans a £15 million open offer, at 40 pence per share. "It is expected that the proceeds of the open offer will be used to finance further investments in accordance with the company's investment policy and provide for ongoing working capital including funds to repay current short term related party unsecured loan facility balances between the company and Moongate Holdings Group Ltd," Tapir says.
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Gem Diamonds Ltd - Lesotho-focused diamond miner - Swings to a first-half pretax profit of USD3.1 million from a USD20.0 million loss a year earlier, as revenue rises 32% to USD59.7 million from USD45.4 million. Says "encouragingly strong demand" supports an improvement in diamond prices, with the average price achieved increasing to USD1,395 per carat from USD1,008. Cost of sales rises to USD47.9 million from USD39.7 million.
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Tungsten West PLC - owner of Hemerdon tungsten and tin mine in Devon, England - Pretax loss in the year to March 31 widens markedly to £175.6 million from £5.9 million, as net finance costs surge to £167.7 million from £5.9 million. Revenue totals £601,550, against none reported in financial 2025. "The financial results reported for the previous financial year reflect the strategic pivot of the company to a development project and full-scale production early next year. As a direct result of this journey, and the conversion of the company's convertible loan notes, our financials reflect a non-cash finance adjustment of £167.3 million. Importantly, this is a non-cash accounting adjustment only and has had no impact whatsoever on the company's cash position, liquidity or ability to execute its business plan," CEO Jeff Court explains. "I am delighted that we are positioned on a firm financial and operational footing to support the restart of Hemerdon. Initial production is already underway, and we look forward to the progress towards full commissioning in Q1 2027 (calendar year)."
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