The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Animalcare Group PLC - York, England-based supplier of veterinary pharmaceutical products - Pretax profit grows 76% to £5.8 million in 2024 from £3.3 million in 2023, as revenue rises 5.0% to £74.2 million from £70.7 million. Animalcare maintains a final dividend of 3.0 pence per share, bringing the total dividend for the year to 5.0p. ‘This has been a solid year of delivery for Animalcare, characterised by a positive organic trading performance and culminating in the exciting acquisition of Randlab post year end, providing a transformational boost to the execution of our long-term growth strategy,’ says Chief Executive Officer Jenny Winter. ‘Revenues increased across all three of our product categories as investment in our people and the effectiveness of our operations continued to yield benefits. Strong cash generation, underpinned by the disposal of non-core assets and the proceeds of the successful equity raise, maintained our balance sheet firepower, enabling us to continue the pursuit of organic and inorganic growth opportunities.’ Looking ahead, Animalcare is ‘confident’ in its ability to deliver growth over the long term.
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Mpac Group PLC - Tadcaster, North Yorkshire-based high-speed packaging and automation solutions - Pretax profit declines 28% to £3.4 million from £4.7 million, despite revenue increasing 7.2% to £122.4 million from £114.2 million. Cost of sales is up 3.6% to £85.6 million from £82.6 million, distribution expenses increase 19% to £10.5 million from £8.8 million, and administrative expenses are 28% higher at £23.7 million against £18.5 million. Chief Executive Officer Adam Holland says: ‘I am delighted to announce 2024 full-year performance in line with expectations, delivering record levels of revenue, significantly improved operational performance, and a record opening order book for 2025...Our increasingly broad product offering, specialist engineering expertise, and global operations and service footprint means that we are better placed than ever before to support customers’ needs globally. We will continue to monitor the economic position closely, but at this time we are on track to meet full-year expectations.’ Mpac’s opening order book for 2025 totalled £118.5 million, up 63% from the year before. Following the end of 2025’s first quarter, the order book sits at £103.5 million.
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Kendrick Resources PLC - London-based, Scandinavia-focused mineral exploration and development company - Pretax loss widens to £3.4 million in the year that ended December 29, from £1.1 million the year before. This is largely driven by a £2.7 million impairment charge on exploration and evaluation assets, against a charge of £448,904 a year prior. Administrative expenses are up 19% to £693,059 from £580,287. Kendrick Resources continues to record no revenue. ‘The board have identified a number of opportunities which are currently being evaluated for best contribution to the group’s future,’ says Chair Colin Bird. ‘Our acquisition search will be dominated by copper and other critical metals in areas the board has experience in order to be positioned in the right commodities at the right time when markets improve. We will keep shareholders posted on our progress and in the meantime will seek to minimise costs and cash outgoings.’
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Star Energy Group PLC - onshore energy firm - Swings to a pretax loss of £4.5 million in 2024, from a £2.8 million profit in 2023. Revenue falls 12% to £43.7 million from £49.5 million, while the firm also records a one-off £4.3 million impairment charge on development costs. Exploration and evaluation assets impaired in the year total £1.9 million, up from a £456,000 charge the prior year. ‘By focusing on maximising profitability from our oil and gas activities, we ensure long-term sustainability and can successfully navigate a volatile oil price environment, which is increasingly important in today’s uncertain geopolitical climate,’ says Chief Executive Officer Ross Glover. ‘We have maintained strong production across our fields and made good progress in reducing costs, with substantial general and administrative savings projected for 2025.’ Star Energy expects net production of around 2,000 barrels of oil equivalent per day in 2025, against 1,989 barrels in 2024, and operating costs of around $40 per barrel of oil equivalent.
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RM Infrastructure Income PLC - Edinburgh-based investor focused on secured debt instruments of UK small and medium-sized enterprises - Net asset value per share at December 31 is 84.73 pence, down 4.7% from 88.88p at the 2023 year-end. NAV total return for the twelve months is 2.62%, against a 3.16% return a year prior. Its pretax net return in 2024 totals £3.3 million, declining 2.9% from £3.4 million in 2023. Notes its investment manager has been targeting a ‘significant’ capital return to shareholders during 2024 and 2025, and still aims to return ‘the majority’ of shareholder capital by the end of 2025. Aims to conduct an orderly realisation of assets as part of its ongoing managed wind-down.
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Aquila Energy Efficiency Trust PLC - London-based investment trust focused on small to medium-size energy efficiency projects in the private and public sector - Net asset value per share at December 31, 2024 is 85.55 pence per share, down 9.3% from 94.28p at December 31, 2023. NAV total return per share in 2024 is negative 2.7%, against a 0.3% positive return in 2023. Swings to a pretax loss of £2.0 million for the year, from a £304,000 profit the prior year. Declares a total dividend of 6.14 pence per share, compared to none the year before, as well as a special interim dividend of 36.84 pence per share for the first six months of 2025. Intends to realise all remaining assets in its portfolio ‘in a prudent manner consistent with the principles of good investment management and with a view to returning cash to shareholders in an orderly manner’, it says.
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Aminex PLC - oil and gas investment in Tanzania - Pretax loss widens to $5.3 million in 2024 from $1.1 million in 2023, as revenue falls to $39,000 from $112,000 and administrative expenses increase to $1.8 million from $695,000. Aminex records a $1.5 million impairment against property, plant and equipment assets, against a $103,000 charge a year prior, as well as a $1.9 million impairment against exploration and evaluation assets, compared to $346,000 the year before. ‘The progress made on the Ntorya project will provide shareholders with growing value this year as we realise a path to positive cash flow and the opportunity to use this pivotal project as a foundation to grow our company further,’ says Executive Chair Charles Santos.
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