EARNINGS: Shepherd Neame in "satisfactory" year; Dotlines posts loss
The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance News:
----------
Shepherd Neame Ltd - Faversham, Kent-based brewer and pub operator - It says its full-year performance is "satisfactory". Pretax profit in the year ended June 27 falls 43% to £3.6 million from £6.3 million, as revenue falls 1.0% to £162.6 million from £164.3 million. Underlying earnings before interest, tax, depreciation and amortisation, however, edge up 0.8% to £25.6 million from £25.4 million. "Demand has remained strong, with good underlying momentum in our pubs, and a particularly good performance from our London Retail pubs and Tenanted estate. This is offset by a decline in volume in Brewing and Brands and further significant logistics cost inflation. A review of our strategy in this area is underway," the firm says. Shepherd Neame lifts its final dividend by 2.9% to 17.65 pence per share from 17.15p, with its total dividend up 3.0% to 22.15p from 21.50p.
----------
Dotlines Global Ltd - operating in the telecommunications, digital infrastructure, cybersecurity and financial technology sectors - Swings to pretax loss of £3.1 million in six months to June 30, from £713,095 profit a year prior. Total income declines to £9.2 million from £10.2 million. "H1 2026 was a transformational period for Dotlines, culminating in our admission to AIM in May and bringing our digital services, telecommunications and cybersecurity businesses together within a single group," Executive Chair Mahbubul Matin comments. "While first-half revenue was impacted by macroeconomic factors, including lower Sohoj activity ahead of the Malaysian state elections and adverse currency movements, the underlying business remained profitable on an adjusted basis. Importantly, trading has strengthened significantly since the period end and we expect a materially stronger second half, supporting year-on-year revenue growth for 2026." It expects "significantly increased revenue in the second half" compared to the first, and forecasts "year-on-year growth for the full year".
----------
Phoenix Digital Assets PLC - investor in blockchain assets - Pretax loss in six months to June 30 widens to £9.8 million from £6.6 million a year prior. It reports no revenue in either period. It books a £8.5 million hit from fair value movements in digital assets and tokens, worsening from £6.1 million a year prior, hurting its bottom line.
----------
t42 IoT Tracking Solutions PLC - provides real-time tracking and monitoring of shipping containers - Its loss in the first half of 2026 narrows to USD888,000 from USD891,000 a year prior, as revenue rises 51% to USD3.5 million from USD2.3 million. "I am delighted with our recent performance, achieving over 50% revenue growth against the prior year comparable period, driven by an 85% increase in hardware sales, a doubling of our cash position, and a substantially improved debt structure. With the next generation of Lokies scheduled for launch in H2 2027 and our imminent planned entry into the consumer market, we enter the next phase of our journey confident in our ability to accelerate growth and deliver lasting value to our shareholders," CEO Avi Hartmann says.
----------
Galileo Resources PLC - copper, gold and lithium mine developer focused on Zambia, Zimbabwe and Botswana - Swings to pretax loss of £1.8 million in year ended March 31, from profit of £1.7 million. Operating expenses total £1.7 million, rising from £1.4 million. No revenue is generated either year. On Monday, it reports that it sealed the sale of of its two prospecting licenses in the Kalahari copper belt to Metal Capital Exploration Ltd, owned by Sandfire Resources Ltd. In June, Galileo entered a conditional share purchase agreement with Metal Capital to sell its wholly owned subsidiary, Virgo Business Solutions (Pty) Ltd. Virgo owns two prospecting licences, PL039/2018 and PL040/2018, in Botswana in the Kalahari copper belt. The deal involved an upfront payment of USD3 million and a potential one-off success payment of between USD20 million to USD80 million.
----------
Goldstone Resources Ltd - Ghana-focused gold explorer - Swings to pretax profit of USD254,581 in six months to June 30, from loss of USD3.8 million a year prior. Revenue, however, falls 27% to USD4.9 million from USD6.7 million. "Our priorities remain focused on optimising production at Homase, advancing the development of future mining areas and evaluating the wider Homase Trend to support resource growth and extend mine life," Goldstone says. On Tuesday, it reported a goal loan interest freeze extension to December 31. The maturity date of the loan, with Asian Investment Management Services Ltd, remains June 30. "We are grateful for the continued support of AIMS and their ongoing constructive engagement with GoldStone. The further extension of the interest-free period provides additional financial flexibility as we continue to invest in the development of the Homase Mine and advance our plans for the next phase of the company's growth," CEO Emma Priestley says.
----------
Jangada Mines PLC - natural resources development company, with interests in Brazil - Pretax loss in six months to June 30 widens to USD1.0 million from USD387,000 a year prior. No revenue is booked in either period. "I am pleased to report on an important and productive first half of 2026 for Jangada, during which we made significant progress in advancing our gold strategy and building a stronger platform for growth from our Brazilian assets. Our focus remains on deploying capital where exploration can create meaningful value, while maintaining financial discipline and exposure to the underlying value of our wider portfolio. Central to this has been the advancement of Molly, which is now our principal operational focus and, we believe, offers significant potential for resource growth and production," Chair Brian McMaster says. "Our focus is now firmly on converting the exploration success at Molly into meaningful resource growth, demonstrating the scale of the wider mineralised system and establishing a clear pathway towards development and value realisation."
----------
Comments and questions to newsroom@alliancenews.com
Copyright 2026 Alliance News Ltd. All Rights Reserved.