EARNINGS: Solid State profit surges; AdvancedAdvT revenue rises
The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News:
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Solid State PLC - Redditch, England-based electronics firm, which supplies components to customers in commercial, industrial and defence markets - Solid State hails "strong demand from the defence and security sector" and reports improved annual earnings. Pretax profit in the year to March 31, pretax profit jumps to £5.8 million from £320,000, with revenue climbing 23% to £154.1 million from £125.1 million. Solid State lifts its annual dividend by 10% to 2.75 pence per share from 2.5p. The final dividend is 9.6% higher at 1.83p per share from 1.67p. "Solid State enters FY26/27 in its strongest position for several years and has had a good start to the new financial year. With current trading in line with the board's expectations, we expect to exceed current market expectations for FY26/27," Chair Nigel Rogers says. Solid State puts board expectations at £152.5 million for the next financial year.
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AdvancedAdvT Ltd - London-based owner of software for business solutions, healthcare compliance, and human capital management businesses - Pretax profit in year to February 28 declines 31% to £7.7 million from £11.3 million, but revenue rises 23% to £53.4 million from £43.3 million. Hitting profit, it reports a £5.6 million fair value loss on financial assets, swinging from a £180,000 gain a year prior. Adjusted earnings before interest, tax, depreciation and amortisation rise 26% to £14.5 million. "This performance reflects continued operational focus, high renewal activity, the expansion of recurring and multi-year revenues, and growing customer demand for dependable software that supports digital transformation in complex and regulated environments. Many of the workflows we support are deterministic, mission-critical systems where accuracy, resilience and control are essential, and where successful modernisation requires deep domain skills, long operating experience and practical understanding of customers' processes," Executive Chair Vin Murria says.
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Autins Group PLC - Rugby, Warwickshire-based maker of acoustic and thermal insulation solutions - Pretax loss in year to March 31 narrows to £80,000 from £1.7 million, but revenue declines 43% to £17.6 million from £31.1 million. Administrative expenses are 40% lower at £6.2 million from £10.4 million. Net profit before before non-underlying items totals £200,000, swinging from a loss of £1.4 million. Autins says it is its "first profitable year since 2017, a significant milestone for the group". It still guides for revenue of £22 million in the new year, rising to £26 million in the next and £27 million after that. "The group is in a robust market position, with an expanded order book across a diversified customer base, widespread operational efficiencies, stronger finances and a significantly improved gross margin," Autins says.
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Malvern International PLC - Altrincham, England-based education services provider - Malvern swings to a £1.6 million pretax loss in the year to March 31, from profit of £235,000 a year prior. Revenue falls 4.0% to £5.2 million from £5.5 million. "Malvern has made strong strategic progress, and the first half of FY 2026 was an important period of development. With an expanded portfolio of university partnerships, we invested in the people, systems and operating capability needed to support a larger University Pathways division, while reshaping the ELT business to focus on growing the Juniors division," Chief Executive Officer Richard Mace says. "Recruitment for the 2026/27 academic year is progressing well, with student numbers expected to be materially ahead of 2025/26, subject to final enrolments over the coming months. We are confident that our strategy and the actions being taken in FY 2026 position the Group for improved performance and a return to profitability in FY 2027."
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Dekel Agri-Vision PLC - West Africa-focused agricultural company - Dekel's pretax loss in 2025 widens to EUR4.0 million from EUR3.6 million but revenue improves 13% to EUR33.9 million from EUR30.0 million. Finance costs climb to EUR2.9 million from EUR2.6 million. The palm oil operation generates EUR30.0 million in revenue, up 6.4%. Cashew revenue more than doubles to EUR4.0 million from EUR1.8 million. Earnings before interest, tax, depreciation and amortisation fall 12% to EUR2.3 million. "This reflects the impact of a historically weak H2 2025 harvest from the palm oil operation partially offset by a strong improvement in the cashew operation," Dekel says. "The supportive international pricing environment with CPO currently trading above EUR1,200 per tonne provides a strong platform for an improved Ebitda contribution from this operation in FY2026.
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Xtract Resources PLC - Australia and Zambia-focused miner - Its pretax loss widens to £1.9 million in 2025 from a loss of £419,000 a year earlier. Operating and administrative expenses climb to £2.2 million from £1.4 million. Executive Chair Colin Bird says: "We believe that tariffs, supply manipulation and geo-political uncertainties will not affect an overwhelming demand for copper, but may affect the supply side in terms of large company commitment to certain regions of the world and certain regions being not receptive to new investment sources."
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Powerhouse Energy Group PLC - Bingley, England-based firm focuses on turning non-recyclable waste into low carbon energy - Pretax loss in 2025 narrows to £3.2 million from £4.8 million in 2024, with revenue surging to £1.2 million from £499,414. "Powerhouse currently has approximately several live enquiries, defined as opportunities the company believes have potential to become revenue-generating projects," it says, looking ahead. Powerhouse CEO Paul Emmitt will leave the position "due to a change in family circumstances". He will step down at the end of the firm's annual general meeting on September 3. Non-Executive Chair David Hitchcock becomes executive chair "until a replacement CEO is identified".
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