EARNINGS: Primorus loss narrows; EnergyPathways loss widens
The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News:
----------
Primorus Investments PLC – London-based investment company targeting early-stage and growth businesses across diverse sectors – Reports a pretax loss of £141,000 for the first half ended June 30, narrowed from a £606,000 loss a year earlier, as administrative expenses fall to £99,000 from £274,000. A realised gain on financial investments of £26,000, compared with a £332,000 loss a year earlier, also contributes to the improved result. Primorus has no revenue, unchanged year-on-year. The company highlights continued progress at Fresho, operational momentum at Virtualstock and Interpac, and the turnaround of Clean Power Hydrogen following an operational incident. The board says it expects continued resilience across the portfolio in the second half, with potential liquidity events over the short to medium term, and says the company remains well positioned to navigate macroeconomic uncertainty.
----------
EnergyPathways PLC – West Sussex, England-based energy infrastructure project company – Reports a pretax loss of £2.0 million for the first half ended June 30, widened from £607,201 a year earlier. The company is not yet generating revenue, while its operating loss increases to £1.9 million from £601,805, contributing to the wider pretax loss. The company says it has submitted a patent application covering its Compressed Air Energy Storage System and signed a collaboration agreement with Hycamite TCD Technologies Ltd to evaluate high-grade graphite and low-carbon hydrogen production technology. Separately, EnergyPathways says its LDES project was designated by the UK Government as a project of national significance in September 2025. EnergyPathways says it is entering a critical phase in the development of all three of its projects.
----------
MobilityOne – Kuala Lumpur-based e-commerce payment solutions provider – Pretax loss for the half year ended June 30 is £1.02 million, compared with £1.00 million the previous year. Revenue is £113.7 million, down 2% from £116.0 million, while operating expenses increase to £7.1 million from £6.1 million. The company says the decline in revenue mainly reflects lower contributions from mobile prepaid airtime reloads and bill payment services in Malaysia, partly offset by growth in EDC terminals, payment gateway services and third-party e-wallet applications. Gross profit increases to £6.8 million from £5.6 million. Cash and cash equivalents, including fixed deposits classified under other financial assets, stand at £3.03 million, compared with £3.00 million a year earlier. The company says it expects the proposed joint venture with Super Apps and the proposed merger of Technology & Telecommunication Acquisition Corporation and Super Apps to complete in the near term. MobilityOne says it continues to adopt a "cautious approach" to the outlook for the remainder of 2026 and expects the business environment to remain challenging.
----------
Copyright 2026 Alliance News Ltd. All Rights Reserved.