The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Flutter Entertainment PLC - New York-based sports betting and gambling company - Announces up to $225 million share buyback, the third tranche of the current programme. The buyback, to be run by Davy Securities, will start on July 1 and end no later than September 30. It forms part of the up to $5 billion programme announced last September. In 2025, Flutter expects to return around $1 billion.
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Partners Group Private Equity Ltd - investment company managed by Partners Group Holding AG - Says net asset value decreases by 3.9% to €14.33 per share in March from €15.03 in February. Portfolio revaluations and unfavourable currency movements driven by a weaker US dollar impacted NAV. Says the largest decline in revaluation, 1.6% of NAV, came from KinderCare Learning Co.
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MaxCyte Inc - Rockville, Maryland-based cell engineering technology company - net loss widens to $10.3 million in the three months ended March 31 from $9.5 million a year prior as revenue dips to $10.4 million from $11.3 million. Operating expenses fall to $21.2 million from $22.2 million but interest income also falls to $2.0 million from $2.7 million. MaxCyte reiterates 2025 revenue guidance for core business revenue and SPL program-related revenue. It expects core revenue to grow 8% to 15% compared to $38.6 million in 2024, inclusive of revenue from SeQure Dx. ‘Despite the increasingly dynamic macroeconomic environment since the beginning of the year, we are confident that our disciplined operational focus, highly differentiated offerings, and healthy financial foundation will continue to position MaxCyte for growth in 2025 and beyond,’ company says.
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Uniphar PLC - Dublin-based healthcare services company - issues trading update ahead of Thursday’s annual general meeting. Reports a good start to 2025, with performance in the first four months in line with the board’s expectations. ‘Uniphar remains well positioned to deliver organic gross profit growth across each division in line with previous guidance and to deliver on expectations for the full year,’ it says.
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FBD Holdings PLC - Dublin-based insurer - issues trading update ahead of Thursday’s annual general meeting. Remains confident in the underlying profitability, future growth prospects and capital strength of the business. Says growth momentum has been sustained in 2025 with gross written premium increasing by 10% compared to the same period in 2024. Further, says progress is being made in settling claims related to the cold spell of January and Storm Eowyn. Investment return through the income statement in the year to date has been positive. Income from bond portfolios continues to increase as maturities are invested at higher yields which has offset the fall in liquid risk asset values arising as a result of wider investment market volatility.
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Lords Group Trading PLC - London-based distributor of building materials - swings to pretax loss of £2.6 million in 2024 from profit of £3.0m the year before as revenue falls 5.6% to £436.7 million from £462.6 million. Basic loss per share is 1.19 pence compared with EPS of 0.84p. The dividend is more than halved to 0.84p from 2.00p. Merchanting like-for-like revenue drops 3.6% and Plumbing and Heating revenue tumbles 10%. Sales in renewable products leap 99% to £5.5 million. Reports progress against its strategy to deliver margin accretive growth by opening new branches, extending the product range and expanding digital revenues. Also delivers like-for-like efficiency savings of £3.7 million. Sales fare better in the first of 2025, with Merchanting revenue up 11% and P&H sales up 22% year-on-year. Board expectations for full year are unchanged.
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Polarean Imaging PLC - medical imaging technology developer - pretax loss narrows to $8.5 million in 2024 from $11.9 million a year prior. Revenue more than triples to $3.1 million from $890,933 and total operating costs drop to $10.2 million from $12.9 million. Revenue exceeds prior guidance of $2.5 million to $3.0 million. For 2025, firm reaffirms revenue guidance for $5.0 million to $6.0 million. Company believes that the foundation is now in place for meaningful sales acceleration in the second half of 2025. Notes refinement of the company’s planned gas exchange trial means it is now expected to be completed for $4.0 million to $4.5 million, a substantial reduction from the prior estimate of $9.0 million to $11.0 million.
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Personal Group Holdings PLC - Milton Keynes-based employee benefits and services provider - issues trading statement ahead of Thursday’s annual general meeting. Reports positive trading performance in the first quarter of 2025. Notes continued momentum in both Insurance and Benefits, building on the strong growth in 2024. ‘The pace with which the management team are executing the growth strategy, the strength of our balance sheet and the increasing levels of recurring revenue streams, provide the Board with confidence in delivering another strong performance in 2025 and I am pleased to confirm we remain in line with market expectations,’ company says.
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