EARNINGS: Insig AI expects revenue to double; TruFin loss narrows
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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Majestic Corporation PLC - recycler of precious and non-ferrous metals from used electronics and batteries - Pretax profit balloons to USD3.3 million in the six months ended June 30 from USD590,542 the year prior, as revenue more than doubles to USD37 million from USD18 million. Gross profit margin improves to 12.9% from 8.6%. Earnings per share are 16.10 US cents versus 2.92c. Cash in bank and on hand of USD4.4 million as at June 30 grows from USD800,000 a year ago. Notes strong demand for critical minerals driven by supply deficits and secondary-supply needs and says the Wrexham facility is on track to reach full operational capacity by year-end. Chief Executive Peter Lai comments: "Demand for critical minerals shows no sign of slowing, and few operators are positioned to meet it the way we are: profitable today, building infrastructure today, with the intelligence to make every future site smarter than the last."
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Insig AI PLC - London-based machine learning solutions company - Pretax loss narrows to £2.1 million in the financial year ended March 31 from £6.1 million the year prior with revenue up to £768,588 from £529,509. Results benefit from absence of impairment of intangible assets versus £4.4m cost a year ago. Says current financial year revenue to date has exceeded the revenue generated in the first half of the prior financial year, with July and August averaging £100,000 per month. Expects revenue for the current financial year to more than double to £1.6 million, and eyes an underlying operating profit. Chief Executive Richard Bernstein says: "The huge pace of change in AI presents the company with risks and opportunities. Last year, we delivered creditable top line growth and are forecasting a further acceleration in the current year. We have positioned the business to benefit."
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TruFin PLC - London-based financial technology firm - Pretax loss narrows to £1.5 million in the six months ended June 30 from £1.9 million the year prior on gross revenue up 11% to £5.9 million from £5.3 million. Gross revenue at Oxygen increases by 12% to £4.9 million, driven by growth in its recurring revenue streams and other income sources. Here, earnings before interest, tax, depreciation and amortisation increase by 30% to £2.1 million. Gross revenue at Satago increases 41% to £1.0 million and company says the unit turned Ebitda profitable in June, in line with expectations. "Given the current momentum, we now expect Satago to record its first full year of positive Ebitda for 2026, ahead of previous expectations," the firm adds. The company says it has traded well in H2 to date, with gross revenue for the two months to August up 28% year-on-year. It expects to be loss-making for 2026, but targets full-year profitability in 2027.
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Sound Energy PLC - Pretax loss from continuing operations narrows to £4.3 million in the six months ended June 30 from £6.4 million the year prior. Exploration costs and impairment of exploration assets amount to £2.2 million versus none a year ago, but the bottom line benefits from a foreign exchange gain of £879,000 against a loss of £3.9 million a year ago. "Sound is in a very different position today from where it was at the beginning of the year. We completed the sale of Tendrara and eliminated debt from the balance sheet. We now have the financial capacity to pursue growth opportunities rather than having to navigate the constraints of the company's historic balance sheet," says Chief Executive Majid Shafiq.
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Guardian Metal Resources PLC - London-based miner, focused on tungsten exploration in Nevada - Pretax loss stretches to USD10.0 million in the financial year ended June 30 from USD2.7 million the year prior on nil revenue, unchanged on-year. Administrative expenses increase to USD8.4 million from USD2.7 million, while Guardian incurs listing and admission expenses of USD2.2 million versus nil the year before. The company completed a US listing on the New York Stock Exchange in March. "This has been another transformational year for Guardian Metal Resources. We continue to establish ourselves as a leading US-focused tungsten developer at a time when the strategic importance of secure domestic critical mineral supply has never been clearer," says CEO Oliver Friesen. "We are well placed to build on this momentum as we work towards establishing the first domestic source of mined tungsten in the US in more than a decade," he adds.
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Landore Resources Ltd - North America-focused precious, base and battery metal exploration and development company - Pretax loss narrows to £587,755 in the six months ended June 30 from £1.3 million the year prior. Administrative expenses rise to £1.2 million from £769,135, but exploration costs decline to £143,044 from £846,072. Non-Executive Chair Helen Green comments: "The first half of 2026 has provided Landore with a clearer platform from which to move forward. Our immediate priority is to complete and assess the current work at Lamaune while continuing to evaluate the wider potential of Junior Lake. At the same time, the board will maintain a disciplined approach to expenditure and consider opportunities to realise value from our assets."
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