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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S-Ventures PLC - London-based company that invests in brands across the natural, wellness, and food-tech sectors - Pretax loss narrows to £1.9 million in 2024 from £4.0 million a year prior. Revenue drops to £13.9 million from £19.7 million while cost of sales declines to £5.9 million from £10.3 million. Basic and diluted loss per share is 1.69 pence compared to 5.04p a year ago. Says made progress in ‘what has continued to be a challenging environment.’ ‘However, we are seeing green shoots and are very excited about new product launches for both Pulsin and Juvela,’ S-Ventures adds.
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Silver Bullet Data Services Group PLC - London-based marketing services provider - Pretax loss narrows to £3.0 million in 2024 from £3.5 million a year prior. Revenue climbs 12% to £9.4 million from £8.4 million. Services revenue increases by 8% to £6.0 million from £5.6 million and 4D revenue rises 20% to £3.4 million from £2.8 million driven by US demand for the product. Says a strong pipeline and traction from the Trade Desk integration provide confidence in continued revenue and margin growth. Views the future with confidence, driven by strong demand for Silverbullet’s AI-led data and digital services.
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Deltic Energy PLC - energy firm focused on the upstream oil and gas sector in the North Sea, with interests in the UK and Netherlands - Pretax loss balloons to £21.2 million in 2024 from £2.8 million a year prior. Reflects £18.5 million write down on relinquished intangible assets compared to £184,242 a year ago. Also Monday, Deltic agrees takeover by Rockrose Energy Ltd, a subsidiary of London-based Viaro Energy Ltd. Deltic says the offer is for 7.46 pence for each Deltic share, a premium of around 36% to its closing price of 5.50p each on Friday. The offer values the company at around £6.9 million on a fully diluted basis.
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Ormonde Mining PLC - natural resources company with assets in Newfoundland and Scotland - Swings to pretax loss of €1.4 million in 2024 from profit of €337,000 a year prior. Bottom line is hurt by other losses of €192,000 compared to gains of €1.6 million a year ago. ‘With a strong, well-funded backer supporting TRU’s exploration programme in Newfoundland, the outlook for creating value in the Golden Rose project looks extremely promising. The PNL nickel play has excellent longer-term potential. Although currently operating in a challenging market environment, the prospects and demand for nickel in supporting the energy transition remain compelling. The Spanish gold exploration licences, now fully owned, appear to our technical team, to offer very attractive exploration possibilities,’ company says.
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80 Mile PLC - Greenland and Finland-focused company with a portfolio of critical metal and industrial gas projects - Pretax loss multiplies to £9.6 million in 2024 from £2.2 million a year prior. Nil revenue unchanged. Bottom line is hurt by other losses of £2.3 million compared to gains of £3.0 million a year ago. Says restructuring efforts are now delivering tangible results. ‘Despite a year marked by considerable financial and operational challenges, we emerged with a clear strategic direction, streamlined leadership, and a renewed focus on value creation,’ 80 Mile adds. Feels ‘strategically positioned to play a vital role’ as the ‘importance of critical minerals in the global energy transition continues to grow.’ Looks forward to a ‘productive and transformative 2025.’
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Premier African Minerals Ltd - developer of RHA tungsten and Zulu lithium projects in Zimbabwe - Pretax loss narrows to £19.7 million in 2024 from £20.8 million a year prior. Nil revenue unchanged.
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eEnergy Group PLC - London-based net zero energy services provider - Pretax loss is £9.5 million in 2024 compared to £16.3 million a year ago. Revenue increases to £25.1 million from £22.0 million. Comparatives are for 18 months to December 2023. Chief Executive Harvey Sinclair says: ‘The past 12 months has been a highly significant and successful period for eEnergy.’ Company adds: ‘The board is optimistic about the prospects for the current year as a whole. eEnergy’s substantially debt-free balance sheet, streamlined operations, and project funding facilities from Redaptive and NatWest provide a solid foundation for growth.’ Says: ‘With cash generation from improving project gross margins continuing to be a key focus for the board and management in FY2025, we have made further reductions to the cost base. Current trading remains in line with management’s expectations.’
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Venture Life Group PLC - Berkshire, England-based developer and manufacturer for the self-care market - Pretax profit is £19,000 in 2024 swung from loss of £471,000 in 2023. Revenue rises to £26.6 million from £22.4 million. Adjusted earnings per share increases 30% to 3.37 pence from 2.60p and basic EPS decreases to loss of 0.02p from nil. Free cash flow increases to £4.3 million from £2.7 million and free cash flow conversion improves to 69.9% from 54.6%. Online revenue grows 49% to £5.0 million from £3.3 million and represents 18.7% of group revenue up from 14.7% before. ‘The future for VLG is very bright,’ company says.
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