EARNINGS: MJ Gleeson slashes dividend; oil price rise benefits Kistos
The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News:
----------
MJ Gleeson PLC - Sheffield, England-based housebuilder - Swings to pretax loss of £2.7 million in the financial year that ended June 30 from £20.5 million profit the year prior. This includes exceptional costs of £13.6 million versus just £1.3 million before. Revenue climbs 12% to £410.0 million from £365.8 million. Loss per share is 3.3 pence versus earnings of 27.1p. Home sales for the financial year are 1,968, up 9.8% from 1,793 last year, and the forward order book is 848 plots against 845. "In a subdued market we delivered a robust performance," says Chief Executive Graham Prothero. MJ Gleeson says build-cost inflation continues to outpace selling price increases. August is much weaker than usual but the firm expects FY27 results in line with expectations. Cuts the total dividend to 5.0p per share from 11.0p, including a final payout of 1p versus 7p. Says the board has "taken the view that the dividend should reflect the challenging environment". This "will give us greater flexibility in deploying capital for the medium-term benefit of the business," it adds.
----------
EKF Diagnostics Holdings PLC - Cardiff, Wales-based diagnostics and biotechnology company - Pretax profit falls to £3.4 million in the six months ended June 30 from £3.6 million a year prior. Basic and diluted EPS is 0.54p versus 0.43p. Revenue is little changed at £25.0 million against £25.2 million, while the gross margin picks up to 53.0% from 50.2%, driven by higher margin product revenue. No dividend is declared, unchanged on-year. EKF says expectations for the full-year remain unchanged. "The group's strong order book and delivery schedule through the second half support the recovery of the majority of deferred Point-of-Care revenues, and the company remains on track to deliver revenue and adjusted Ebitda growth in line with market expectations," it says. EKF understands consensus revenue and adjusted earnings before interest, tax, depreciation and amortisation forecasts for 2026 to be £54.6 million and £13.6 million respectively.
----------
Afentra PLC - Africa-focused oil and gas explorer and producer with interests onshore and offshore Angola - Pretax profit climbs 22% to USD12.9 million in the six months ended June 30 from USD10.6 million a year prior as revenue grows 75% to USD91.0 million from USD52.0 million. "The first half of 2026 has been a period of significant strategic and financial delivery, marking our transition into the execution phase of our organic growth strategy with the first drilling in Block 3/05 in over a decade," says CEO Paul McDade. Highlights the recent USD125 million refinancing which McDade says provides "the financial flexibility to support our ongoing investment programme". Looking forward, the CEO says "the completion of Pacassa SW, the drilling of Impala-2, the anticipated completion of the Etu acquisition and the commencement of onshore 2D seismic acquisition provide an active period with multiple near-term catalysts. We now have multiple pathways across our offshore and onshore portfolio to deliver the material production and reserves growth we have been building towards"
----------
Kistos Holdings PLC - London-based oil and gas producer from offshore and onshore assets in the UK, Norway, and the Netherlands - Swings to pretax profit of USD80.9 million in the six months that ended June 30 from a pretax loss of USD6.9 million a year prior, as revenue balloons to USD211.9 million from USD87.9 million, or to USD290.2 million on a pro-forma basis. Production grows to 11,800 barrels of oil equivalent per day from 6,200 a year ago, or to 20,800 on a pro-forma basis. Pro-forma numbers are defined as results if the Oman Block 3&4 and Block 9 acquisitions had completed on January 1 this year, based on draft financial information provided by the seller. Ebitda multiplies to USD154.0 million from USD23.7 million, or to USD205.0 million pro-forma. Improved earnings reflect higher realised oil price of USD97 per barrel versus USD67 the year before. "With the group fully unhedged, we captured the full benefit of strong prices during the period," explains Executive Chair Andrew Austin. He says Kistos is "on track" to meet full-year pro forma production guidance of 19,000 to 21,000 boepd. "We continue to see a range of value-accretive M&A opportunities across our core geographies, and we believe our track record and ability to execute transactions make us an attractive counterparty," Austin adds.
----------
McBride PLC - Manchester, England-based private-label products manufacturer - Pretax profit drops to £39.9 million in the financial year that ended June 30 from £49.0 million the year prior. Basic EPS is 17.7p are against 19.5p on-year. Revenue edges up 0.8% to £934.2 million from £926.5 million, but declines 1.8% at constant currency. CEO Chris Smith says the US-Israeli war on Iran created "major macroeconomic volatility and significant immediate raw material and logistics cost pressures in the second half", but McBride took prompt actions to mitigate the "material" cost impact faced. "We expect further input cost uncertainty as we start the new financial year, and we continue to monitor and be ready to respond to possible further rises," he adds. McBride says volumes in the early part of the new financial year are in line with internal expectations, with some possible early signs of stronger market growth in certain regions. The cost environment is difficult to predict given ongoing geopolitical tensions and further price rises are increasingly likely, it adds.
----------
Mpac Group PLC - Tadcaster, North Yorkshire-based high-speed packaging and automation solutions - Pretax loss narrows to £500,000 in the six months that ended June 30 from £8.8 million a year prior, though revenue falls 2.3% to £71.0 million from £72.7 million. Basic loss per shore is 0.8p versus 34.2p a year ago. Net debt increases to £54.0 million from £43.2 million. Closing order book is £80.5 million, up 5.6% on-year from £76.2 million. "The pipeline of potential future projects continues to grow, and is now larger and building faster than last year. However, global customer decision making remains slow, and the impact of 50% US tariffs recently imposed on goods from Canada is not yet clear. The timing of a broader market recovery remains uncertain," the firm cautions. The full-year outlook remains unchanged, Mpac says.
----------
Eagle Eye Solutions Group PLC - London-based loyalty software provider - Swings to pretax loss of £200,000 in the financial year that ended June 30 from a £3.0 million profit the year prior. This is despite 21% growth in revenue to £46.1 million from £38.1 million. The bottom line is hurt by higher share-based payment related expenses, increased depreciation and amortisation charges, and rising indirect operating expenses. Eagle Eye says it remains confident in a return to double digit revenue and adjusted Ebitda growth in FY27, supporting further progress towards its medium-term ambitions of £100 million revenue and an adjusted Ebitda margin of 30% plus. In the first half of 2025, adjusted Ebitda falls to £9.8 million from £12.2 million at a margin of 21.1%, down from 25.3%.
----------
Copyright 2026 Alliance News Ltd. All Rights Reserved.