TRADING UPDATES: Skillcast revenue rises; IntelliAM in more Mars work
The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Skillcast Group PLC - London-based digital compliance content and technology provider - Skillcast says it is trading in line with market expectations for the full year. It expects revenue for the first half of 2026 of £8.2 million, up 10% from £7.5 million a year prior. "The group's profit margin has continued to increase due to operational gearing and productivity increases from AI adoption. Overall, the group continues to trade in line with market expectations for the full year," Skillcast says. Skillcast releases half-year results on September 30.
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IntelliAM AI PLC - South Yorkshire, England-based provider of AI-driven software solutions for the manufacturing and engineering sectors - The firm grows its relationship with confectionary firm Mars Inc in the UK. "The latest contract order extends IntelliAM's work across Mars UK to a total of six sites," IntelliAM says. "Following the latest order, the total value of Mars UK orders currently secured by IntelliAM is approximately £425,000, of which nearly 50% represents annual recurring revenue. Of the total, approximately £334,000 is expected to be recognised as revenue during the current financial year, subject to the timing and delivery of the contracted work."
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EnSilica PLC - Oxford, England-based computer microchip maker for space and communications, industrial, and automotive markets - EnSilica wins follow-on chip orders worth EUR1.1 million from a European satellite communications customer. The orders include EUR350,000 for additional samples and EUR750,000 to contribute towards product enhancements. The order is for EnSilica's ENS92040 offering. "The ENS92040 is a highly integrated distributed digital beamformer chip that performs high-speed data conversion, digital signal processing and beamforming for electronically steerable flat-panel satellite communications user terminals," EnSilica says.
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Seeing Machines Ltd - Canberra-based maker of vehicle operator monitoring systems - Seeing Machines secures a new driver & occupant monitoring system programme with a "European automotive manufacturer". The deal is won "through an existing tier 1 customer". "The program will see Seeing Machines' technology integrated into a rear-view mirror solution for deployment across future vehicle platforms, including electric, with start of production expected in 2028. Rear-view mirror-based integration provides a highly scalable architecture that can be efficiently deployed across multiple vehicle lines, enabling OEMs to accelerate adoption while minimising engineering complexity and cost," Seeing Machines says. It is expected to generate some USD5 million in lifetime revenue.
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Oriole Resources PLC - West and Central Africa-focused gold explorer - Reports a maiden drilling programme at the Wapouze limestone project has been completed. The asset is located in north-eastern Cameroon. "The samples are being prepared for analysis and a maiden mineral resource estimate for the project is anticipated in late Q3-2026," Oriole says. It owns 85% of the asset. Oriole adds: "Marble units were intersected in all holes, with narrow interbedded meta-volcanic sedimentary lenses, and occasional narrow metamorphosed dykes cross-cutting the marble units."
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Talon Resources PLC - North American gold exploration company previously known as Medcaw Investments PLC - It says gold mineralisation has been confirmed "across multiple priority targets" at the Eagle Lake asset in Ontario, Canada. The findings form part of a phase one exploration programme and they add to its "confidence" ahead of maiden drilling which is expected to kick off in the fourth quarter.
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Ceiba Investments Ltd - investor in the Cuban commercial and tourism real estate sectors - Ceiba says Melia Hotels International SA will terminate all of its hotel management and commercialisation services in Cuba, disallowing use of its brands and services in the nation. "This decision includes, and has an immediate impact on, the 5 hotels in which Ceiba has an interest. Ceiba invests in Cuba's tourism sector and participates in Miramar SA and TosCuba SA, two Cuban joint venture companies that own 5 hotels in Cuba that are all operated by Melia," Ceiba adds. It follows a US executive order "targeting the activities of foreign entities that invest in or otherwise materially support the government of Cuba". Ceiba says: "The company is presently analysing Melia's unilateral decision and what actions and steps need to be taken to properly unwind Melia's management and commercialization of the hotels, whose names will in the meantime be renamed Hotel Habana, Hotel Las Americas, Hotel Varadero, Hotel Palmeras and Hotel Trinidad Peninsula. The results of this analysis may include the suspension of operations of the hotels to focus instead on carrying out capital expenditure projects and other investments, the improvement of corporate and operational structures, and a strategic search for an operator to manage the hotel properties in which the company is invested."
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