TRADING UPDATES: Time Finance earnings up; Aptitude Software wins deal
The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Time Finance PLC - asset, loan and invoice finance provider for small and medium enterprises - Time Finance hails ‘record profits and revenues’ in the year to May 31. It expects to report growth in pretax profit of 6% to £8.4 million, with revenue up 4% to £38.5 million. The gross lending-book is up 15% to a record £250.9 million. ‘We have a proven, simple model that continues to deliver and the board is confident that the group remains appropriately positioned on its growth strategy and, as a result, is well placed to build long-term value for all our shareholders,’ Chief Executive Officer Ed Rimmer says.
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Aptitude Software Group PLC - London-based finance software firm - It announces a new Fynapse contract win ‘with a leading Canadian financial services group’. The three-year deal is worth $5.5 million, with revenue recognition expected to commence this month. ‘Fynapse will support both the customer’s existing finance and accounting operations and the launch of its new banking subsidiary, one of a small number of new entrants permitted to operate as a regulated bank in Canada,’ Aptitude adds.
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Bango PLC - Cambridge, England-based digital payments firm - Turkish telecoms firm Turkcell picks Bango as the digital vending machine for its ‘extensive super bundles’. The bundles feature global and local streaming services for its customers. Bango adds: ‘The collaboration supports Turkcell’s strategic 5G rollout across Turkiye enhancing its ability to attract and retain customers through premium bundled offers. Through this partnership, Turkcell customers can access multiple subscriptions bundled together as a convenient add-on to their data plans. With over 43 million subscribers across Turkiye, Turkcell is well positioned to capitalize on the growing demand for streaming, particularly as 5G adoption accelerates. Higher-speed connectivity and streaming services are a natural fit, enabling seamless content consumption on mobile devices while driving increased data usage.’
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Ingenta PLC - Oxford, England-based provider of software and services to the publishing industry - It has won new contracts worth over £2 million since the start of its current year, and reports an encouraging pipeline of further opportunities across core markets. Consequently, it expects to report increased revenue for 2026. However, due to previously announced planned investment ‘in building our sales and marketing resources,’ it expects earnings before interest, tax, depreciation and amortisation to be ‘a little lower’ than those for 2025. Looking further ahead, it also notes that some longer-term customers on its legacy platforms ‘have been seeking to move to global whole-enterprise software platform providers,’ and some of the larger clients have requested to switch to shorter term contracts. This ‘reduces our visibility over future revenue streams, and introduces a greater risk level to 2027 revenues and beyond.’
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BATM Advanced Communications Ltd - Hod Hasharon, Israel-based provider of network infrastructure, cybersecurity and diagnostic technologies - BATM gets a new customer in the US, a leading broadband communications provider. BATM wins an initial order of $500,000 for its carrier ethernet products.
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Mercia Asset Management PLC - alternative asset manager focused on regional UK small and medium enterprises - Mercia reports a ‘further significant investment round’ into Warwick Acoustics Ltd, an investee developing audio systems for the automotive and personal audio markets. ‘Warwick Acoustics has completed an equity funding round of £6.4million, with additional funding of up to £1.1million anticipated, that will underpin the next phase of its commercial growth following its recently announced partnership with Jaguar Land Rover,’ Mercia reports. Mercia has invested £700,000 as part of a round. ‘Combined, this investment will enable Warwick Acoustics to maximise the potential of its first production partnership with JLR, while supporting the business to complete the transition to its new production facilities, separating scaled production from its dedicated research, development and engineering operations, as well as supporting further recruitment,’ the company adds.
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Tertiary Minerals PLC - mineral development firm with projects in Zambia, the US state of Nevada, and Sweden - Begins drilling at its Target A1 silver oxide discovery at the Mushima North asset in Zambia. Drilling will test for oxide mineralisation extensions and will look to support a mineral resource estimate.
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NAHL Group PLC - Kettering, England-based consumer marketing services provider focused on the legal services sector - ‘Momentum’ seen in the first quarter of the year continues into the second, Chair Tim Aspinall says at NAHL’s annual general meeting on Thursday. ‘As a result, the board remains confident in delivering a full year outturn in line with management’s expectations,’ the chair says. ‘The group has continued to improve cash conversion, profitability and revenue growth through the first half, building on the progress made in the financial year ended 31 December 2025. As previously reported, due to the expected lower number of settlements in National Accident Law, and the reduction in size of its claims book we expect lower levels of cash generation, profitability and revenue in the second half of the current financial year, albeit management’s full year expectations remain unchanged.’
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