EARNINGS: Proteome Sciences "confident" for full year as loss narrows
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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Proteome Sciences PLC - Surrey, England-based provider of contract proteomics services to enable drug discovery, development and biomarker identification - First half pretax loss narrows to £1.7 million from £2.1 million. Revenue edges up to £1.87 million from GP1.86 million a year ago. Administrative costs decline to £1.7 million from £1.9 million. Records slight decline in services revenue, due to "timing issues", but is "confident in full year growth". The number of services orders rises 32% compared to a year ago. " With a strong order book in place we are confident that full year services revenue in 2026 will show a significant increase over 2025 and we are hopeful that TMT revenues too will continue to recover in the second half of 2026," Chair Christopher Pearce says.
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Oracle Power PLC - Australia and Pakistan-focused minerals and power projects developer - Pretax loss in the six months to June 30 narrows to £249,423 from £267,715 a year ago. Reports no revenue, unchanged. During the period, focus was on the Northern Zone Project in Australia, where it says "significant progress" has been made with the mining lease application, heritage clearance, geotechnical investigations and preparation of its mine development and closure plan. In Pakistan, Oracle says it remains committed to pursuing opportunities around its renewable energy, green hydrogen and Thar Block VI projects. "We remain focused on progressing our portfolio in a disciplined manner and on creating value for our shareholders through the continued development of our projects and the identification of appropriate strategic and funding opportunities," the company adds.
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Arkle Resources PLC - Dublin-based mineral exploration and development company - First half pretax loss widens to EUR947,000 from EUR116,000 a year ago as administration costs jump to EUR606,000 from EUR122,000 due to share options valuations of EUR455,000 which were absent a year ago. Chief Executive Officer Rory Harding says Arkle's main focus is on assay results following its maiden drilling programme in Namibia. "Those results will shape the next phase of work on the Erongo licences, alongside further geophysics, mapping and sampling across exclusive prospecting licenses 8290, 8298 and 8995 to develop the next generation of targets," CEO Harding adds. Says the group is "well placed to deliver steady news flow for the remainder of the year."
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Star Energy Group PLC - Lincoln, England-based energy producer in the UK - Pretax profit falls to £633,000 in the first half compared to a restated £4.5 million a year ago, which removes the impact of now-discontinued operations. Revenue jumps to £23.2 million from £18.3 million. Swings to a loss on derivative financial instruments of £5.0 million from a £1.3 million gain last year. CEO Ross Glover says: "The first half of 2026 marked an important change in Star Energy's position. Having spent the previous period strengthening the balance sheet, reducing costs and improving the resilience of the business, we are now in a position to focus much more actively on growth." The priority now is "to convert that position into profitable growth while maintaining the capital discipline that has underpinned the progress we have made over the past two years," the CEO adds.
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European Green Transition PLC - Green economy asset developer - First-half pretax loss widens to £1.5 million from £596,482 a year ago, even as revenue rises to £6.9 million from none a year ago. Sales, general & administrative costs jump to £2.3 million from £657,557. Company says it is on track to reach mid-term targets of £50 million in revenue and a double-digit Ebitda margin. Comments: "The board is confident in the group's outlook and growth prospects for H2 2026 and beyond and continues to target selective bolt-on acquisitions across the critical infrastructure sector in the UK, Ireland and Europe such as water, energy, and renewables." Says engagement continues with multiple parties regarding the sale and/or partnership of exploration assets, noting "positive market tailwinds for rare earth elements and copper." Chair Cathal Friel says since the acquisition of its Wind Services business, trading "has exceeded our expectations, supported by a growing repowering orderbook, increasing market activity and continued demand for essential wind turbine operations and maintenance services." Adds: "Our team has continued to deliver strong operational execution whilst expanding the orderbook and pipeline of future opportunities. With a strengthened balance sheet, positive trading momentum and a clear strategy, we believe EGT is well positioned to continue building a leading critical infrastructure services platform across the UK and Ireland."
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Ten Technologies Group PLC - London-based customer experience and loyalty platform for financial institutions - Reports preliminary results for the year to August 31. Expects adjusted Ebitda of £16.1 million, up from £14.6 million a year ago; adjusted Ebitda margin to rise to 23% from 22.2%; and net revenue to increase to £69.7 million from £65.7 million. CEO Alex Cheatle says: "We are delighted to have delivered another year of record performance and profitable growth, with record net revenue, adjusted Ebitda up 20% at constant currency, margin expansion, pleasing net cash and active members up over 20%. The increasing digital service mix is structurally reducing our cost to serve, enabling our expert Lifestyle Managers to serve more members efficiently and supporting stronger margins and cash generation. We began the new financial year by changing the company's name to Ten Technologies Group, better reflecting the combination of proprietary technology and expert Lifestyle Managers that defines our proposition. With increasing revenue visibility, a broader addressable market and a strong pipeline of new business opportunities, we see significant scope to deliver further profitable growth in the current year and beyond."
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80 Mile PLC - portfolio of energy, critical minerals and industrial gas projects with assets in Greenland, Finland and Italy - Reports first half pretax loss of £1.5 million, widened from £452,107 a year ago. Records no revenue, unchanged. The company remains in an offer period under the Takeover Code. Chair Michael Hutchinson says: "The last two years have been the most consequential in 80 Mile's recent history. The company has completed the transition from an explorer into a diversified energy and resources group with three live platforms: a fully funded pathway into one of the last untapped, super large, onshore hydrocarbon basins in the Western world; a district-scale nickel-copper-cobalt-platinum group elements project now being drilled; and a 100% owned & permitted biofuels plant in Italy that post-period secured critical European sustainability certifications and accreditations in preparation for commercial restart. That is not a change of slogan. It is a change of shape. White Flame Energy is ours. Hydrogen Valley is ours. Disko is being drilled."
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Schroders Capital Global Innovation Trust PLC - investment trust in managed wind-down - Net asset value per share rises to 22.53 pence at June 30 from 22.23p at December 31. Says "material realisations" are not expected before 2028, and that it "remains mindful that individual company valuations may become more volatile as the portfolio progresses towards 2027-2028." Adds: "As the portfolio becomes more concentrated and strategic outcomes for certain portfolio companies become clearer as they mature, this may give rise to both significant upside potential and downside risk. Our priority remains to deliver an orderly wind-down efficiently, while safeguarding value and returning capital to shareholders in a timely and cost-effective manner."
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