The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News:
----------
Parkmead Group PLC - gas, oil and renewable energy projects focused on the UK & Netherlands - Swings to a pretax loss of £1.1 million in the six months to December 31 from a profit of £911,000 in the prior year. First-half revenue falls 39% to £2.1 million from £3.4 million. Executive Chair Tom Cross says: ‘The company has made excellent progress towards finalising the sale of Parkmead (E&P) Ltd. Parkmead and Serica are on schedule to achieve completion before mid-year, unlocking £14 million in firm cash for Parkmead. This places the group in a strong position to pursue value adding acquisitions and make further investments in our existing gas and renewable energy projects.’ Parkmead in December said it signed an agreement to sell subsidiary Parkmead (E&P) Ltd as it switches its focus to growing its Netherlands assets. It will sell its UK offshore oil licences to Serica Energy PLC in a deal valued up to £134 million. Under the transaction, North Sea-focused oil and gas firm Serica will pay an initial £5 million, with a further £9 million in deferred payments to be paid in stages over the next three years. Parkmead (E&P) includes a 50% working interest in Skerryvore and 50% of Fynn Beauly. There will also be contingent payments totalling up to £120 million related to development milestones for the Skerryvore prospect and the Fynn Beauly oil discovery.
----------
Good Energy Group PLC - Chippenham, England-based renewable electricity supplier and energy services provider - Pretax profit in 2024 rises 16% to £6.6 million from £5.7 million in 2023. Revenue, however, declines 29% to £180.1 million from £254.7 million. Cost of sales fall 35% to £136.1 million from £210.5 million. Finance income almost doubles to £1.7 million from £897,000, also aiding bottom line. ‘As Good Energy embarks on a new chapter, we can report another strong year both financially and strategically. 2024 saw the business make three further acquisitions, significantly scaling our services for solar installation across the nation. We continued to innovate in flexibility and market leading tariffs, maintaining our commitment to truly green supply. I would like to thank our shareholders for their support for the business,’ Chief Executive Officer Nigel Pocklington says.
----------
Plexus Holdings PLC - oil and gas engineering services business - Pretax loss in six months to December 31 amounts to £1.3 million, swinging from profit of £2.2 million. Revenue falls 44% to £2.9 million from £5.1 million. ‘I am excited to lead Plexus into this next phase of growth, leveraging our superior wellhead technology and excellence in operations to meet the evolving needs of the energy sector,’ Chief Executive Officer Craig Hendrie says. ‘Having recently announced a well-supported fundraise, the expansion of our rental fleet will represent a major milestone, enabling us to serve a broader client base and maximise returns from our unique IP. With strong market demand, a clear strategy, and a commitment to engineering and project delivery excellence, we are well-positioned to drive sustainable growth while delivering the highest standards of safety and performance.’ Hendrie was appointed new chief executive officer of Plexus in July, alongside Ben van Bilderbeek as the new chair.
----------
Westmount Energy Ltd - oil and gas investment firm, which is focused on Guyana-Suriname Basin - Pretax loss in six months to December 31 narrows to £230,266 from £661,522 a year prior. Net fair value losses on financial assets trim to £95,066 from £531,596 a year prior, aiding the bottom-line. ‘Westmount’s continues to juggle its liquid resources while seeking value creation for shareholders via exposure to high impact exploration and appraisal drilling programs primarily in the two global ’exploration-hotspots’ - deepwater Guyana-Suriname Basin and Orange Basin, Namibia-South Africa,’ Westmount says. ‘While deepwater exploration continues to be a challenging environment for junior players we remain confident that exploration drilling success in these ’hotspot’ areas will be rewarded by an increased share price. In the meantime, we continue to manage by optimising cash and liquid resources and by trimming costs where possible. In this changing landscape, we also remain open to consolidation manoeuvres which offer shareholder value.’
----------
Mosman Oil & Gas Ltd - helium, hydrogen, and hydrocarbon exploration company - Pretax loss in 2024 widens to A$2.1 million, some £1.0 million, from A$835,522. ‘We are pleased to report on an encouraging transition period for Mosman, during which we acquired and developed Mosman’s expanding helium portfolio in the USA. We streamlined our portfolio to focus on helium with the sale of Nadsoil which held the Stanley oil field interests,’ CEO Andy Carroll says.
----------
Lift Global Ventures PLC - financial media and energy sector focused investor - Revenue in six months to December 31 falls 27% to £204,853 from £280,261. Swings to pretax loss of £5,669 from a profit of £82,185. Administration expenses rise 18% to £197,071 from £167,216. ‘We look forward with great optimism in all our investments,’ Lift Global says.
----------
Westminster Group PLC - specialist security and services company - Pretax loss in six months to December 31 narrows slightly to £1.0 million from £1.1 million. Revenue in half-year rises 26% to £3.7 million from £2.9 million. ‘We continued to battle against one of the worst world economic and political backgrounds of recent times with global instability and the resulting global economic turmoil and financial uncertainty,’ CEO Peter Fowler says. ‘I am pleased to report therefore that, despite the numerous challenges facing businesses today, we continue to make progress on a number of fronts. In recent months, we have not only secured, progressed and delivered equipment, projects and solutions to clients around the world but we have also moved forward with our programme of building long-term managed services contracts and significantly increasing our recurring revenue base.’
----------
LMS Capital PLC - investment company with assets in retirement living and energy sectors - Net asset value per share at December 31 year-end falls 14% 44.8 pence from 52.2p. Earlier this month, LMS said ‘that shareholder value would be best served by a managed realisation’ of its assets and a return of capital over time. ‘The board intends to publish a shareholder circular towards the end of April 2025 to convene a general meeting at which it will seek approval from shareholders to change the company’s investment policy to permit the managed realisation and any related matters required,’ LMS adds.
----------
Blue Star Capital PLC - investing company focused on esports and blockchain - Net asset value per share at September 30 year-end falls to 0.02p from 0.11p the year prior. ‘Blue Star’s future remains closely aligned with performance of SatoshiPay and its Vortex project, which it owns 100%. Vortex’s recent launch in Brazil should provide invaluable feedback on the attractiveness of the product offering and SatoshiPay’s ability to attract ongoing investment. While we await future developments with SatoshiPay, we will continue to support our other investee business wherever possible, and to carefully manage the limited cash resources of the company,’ Executive Chair Tony Fabrizi says. Pretax loss in financial year narrows to £4.5 million from £6.3 million. Valuation of investments falls to £970,394 from £5.3 million.
----------
Schroders Capital Global Innovation Trust PLC - currently undertaking managed wind-down - Net asset value per share at end of 2024 declines 21% to 19.94 pence from 25.32p at end of 2023. ‘The main detractors from performance over the 12-month period, included holdings in Oxford Nanopore and Reaction Engines. On the positive side, within the new investment portfolio, the position in Revolut provided a bright spot,’ it adds. ‘During the 12-months to 31 December 2024, the Company made realisations totalling £39.4 million, fully exiting the public equity holdings, Oxford Nanopore and Immunocore. There were also proceeds generated from the sale of Carmot Therapeutics to Roche, and the first milestone payment following the sale of Kymab.’ Late in February, shareholders voted to approve a managed wind-down strategy. It had invested ‘in a diversified global portfolio of private and public equity companies’.
----------
Roebuck Food Group PLC - Dublin-based investor in food and agribusiness sectors - Pretax loss in 2024 widens to £1.7 million from £1.2 million in 2023. Revenue in 2024 rises to £11.6 million from £3.4 million in 2023. ‘The past year was one of significant change for Roebuck Food Group; some changes anticipated, planned and executed, and others unforeseen and unexpected,’ Non-Executive Chair Tommy Conway says. Pays no dividend in 2024, unchanged from 2023.
----------
Copyright 2025 Alliance News Ltd. All Rights Reserved.
