EARNINGS: Goldplat to resume dividends; Nexteq watching memory prices
The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News.
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Gem Diamonds Ltd - Lesotho-focused diamond miner - Swings to a pretax loss of $92.1 million in 2025 from a $12.4 million profit a year prior. Revenue falls 36% to $98.4 million from $154.2 million. Says loss is driven by a $77.5 million impairment of its carrying value in Letseng, due to ‘downward pressure on the rough diamond market’ and the weakened US dollar against the Lesotho loti. ‘The continued weakness in the diamond market required decisive action to protect the financial viability of Letseng and the rest of the Group, which led to the launch of the business resilience programme in the second half of 2025. These measures were essential to ensure that Letseng remains a sustainable operation capable of supporting employment, communities and stakeholders over the longer term,’ says Chief Executive Officer Clifford Elphick. Does not propose a dividend due to ‘volatility in the current macro-economic outlook, the impact thereof on the diamond market, the group’s available cash resources, and the medium-term operational outlook, which will result in higher-value Satellite Pipe ore only being accessible from 2031.’
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Aberdeen Asian Income Fund Ltd - Chelmsford, England-based investment firm - Net asset value total return climbs to 22.2% from 10.8% in 2024, above the MSCI AC Asia Pacific ex Japan Index total return benchmark of 21.3%. Basic earnings per share improves to 14.73 pence from 11.35p. Increases total dividend to 16.24 pence from 14.43p. Says it is ‘cautiously positive’ and ‘dividend cuts appear unlikely,’ as ‘the earnings base across the portfolio is resilient’. Adds dollar softness or US policy easing would be ‘supportive for equities and fund flows in Asia.’ Says ‘the case for investing in the company remains ever compelling.’
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Mineral & Financial Investments Ltd - Cayman Islands-based investment company focused on natural resources sector - Net asset value in the six months to December 31 rises 30% to £16.4 million from £12.7 million a year ago. NAV per share at December 31 climbs 22% on-year to 39.3 pence. Net earnings multiply to £2.6 million from £1.2 million. Fully diluted EPS is 6.1 pence, up from 3.1p a year ago. Investable capital is £16.9 million at period-end 31, up 28.9% on-year. Says cash position is £1.1 million ‘as profits were taken by the Tactical Portfolio in precious metal investments.’ CEO Jacques Vaillancourt comments: ‘Our performance is currently, in part, due to the current global political and economic instability...The NAV per share results did not keep pace with the NAV growth due to the increase in the number of fully diluted shares due to the granting of long-term equity incentives to members of the board and management.’
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Dianomi PLC - London-based provider of native digital advertising services - Expects to deliver revenue £27.4 million in the year to December 31, in line with market forecasts and up from £28.0 million a year ago. Expects ‘strongly improved gross margin performance. Gross profit climbs to £7.5 million,’ up from £7.3 million in 2024. Sees slightly improved earnings before interest taxes, depreciation and amortisation compared to a £300,000 loss last year. Says this is ahead of market forecasts of a £1.1 million loss. Cash at year end is £5.8 million, down from £8.8 million last year. Comments: ‘While trading was held back by a subdued market reflecting broader macroeconomic conditions, Dianomi improved its margin performance through ongoing operational optimisations. The group also expanded its product offering and continues to offer a very compelling proposition, underpinned by excellent distribution capability, reaching 500 million digital devices each month across a network of more than 250 premium publishers.’ Full results are expected in May.
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Nexteq PLC - Cambridge, England-based technology solutions provider to customers in selected industrial markets - 2025 revenue rises to $90.2 million from $86.7 million in 2024, bringing pretax profit to $3.2 million, up 88% from $1.7 million. Increases 2025 dividend to 3.9 pence from 3.7p. Says it is now in the second phase of its growth plan. Achieves financial commitments in 2025 despite the decline in volume from its biggest gaming customer following its acquisition. Says trading environment remained complicated, as potential tariffs and global geopolitical uncertainty impacted customer confidence. Nexteq adds it has been ‘proactive in managing both the availability and rising cost of DDR4 memory, a key component of our gaming hardware platforms.’ This includes ‘decisive mitigating actions, including qualifying alternative supply options, running a structured customer testing and validation programme for alternative DDR4 sources, and implementing price actions to reflect higher manufacturing costs and protect gross margins. We continue to monitor this into 2026.’
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Goldplat PLC - gold miner and producer with recovery operations in Ghana and South Africa - Revenue in sixth months to December 31 jumps to £45.2 million from £29.6 million a year prior. Pretax profit multiplies to £4.7 million from £1.8 million. Attributable profit is £3.3 million, up from £1.4 million. Dividends declared during the period total £350,000 compared to none a year ago. CEO Werner Klingenberg says: ‘I am encouraged by the continued strong results achieved by the group (supported by good volumes and high gold price) and Group being in a position to start paying regular dividends. We remain focussed on strengthening our control of the outcome on the TSF, maintaining and increasing market share, improving recoveries and margins in Ghana, unlocking potential in other precious metals in South Africa and maximising value from the current high gold price, whilst returning value to shareholders on a regular basis. There is still significant work to be completed but all our efforts will create a more robust business providing a niche solution to the industry it operates in.’
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Marwyn Acquisition Co III Ltd - Tortola, Virgin Islands-registered acquisition vehicle established by Marwn Partners - First half pretax loss climbs to £406,661 from profit of £66,503 a year ago. Administrative expenses rise to £345,740 from £305,826. Finance income totals £93,079, up from £172,329. Says as it has not yet acquired a trading business, ‘it is therefore inappropriate to make a forecast of the likelihood of any future dividends.’
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