The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Vianet Group PLC - Stockton-on-Tees, England-based provider of retail sales and volume monitoring systems - pretax profit rises 18% to £929,000 in the year to March 31 from £784,000 a year prior amid more modest 0.7% increase in revenue to £15.0 million from £14.9 million. Recurring revenue climbs 2.3% to £13.2 million, 86% of total revenue, compared to £12.9 million a year before which ‘underscores the stability and reliability of our business model,’ Vianet says. Gross margin declines to 68.3% from 68.7%. Declares final dividend 1.00 pence per share, up 33% from 0.75p a year ago. This takes the annual payout to 1.3p, also up from 0.75p. Net debt falls to £0.4 million from £1.5 million. Chair James Dickson comments: ‘These solid results underscore our focus on delivering exceptional customer value and position Vianet for sustained growth.’ Adds: ‘The current financial year has started positively, and we are well-positioned to enter new verticals, continue to drive subscription revenues, and deliver on our growth objectives.’
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Powerhouse Energy Group PLC - Bingley, England-based non-recyclable waste-to-energy conversion company - pretax loss widens to £4.8 million in 2024 from £1.5 million a year prior. Revenue multiplies to £499,414 from £180,959 but bottom line suffers from near doubled administrative expenses of £2.0 million from £1.1 million the year before and a £2.3 million goodwill Impairment. ‘The period under review has seen us consolidate our position whilst continuing to re-assess the focus of our business and strategy in order to ensure we provide the best potential returns for our shareholders in the future,’ says David Hitchcock, non-executive chair. ‘2025 is already shaping up to be another strong year for the company. We are financially secure, we have a very strong pipeline of projects and future projects, Engslove is performing very well and we have a stable board with the right expertise to deliver our strategy,’ he adds.
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Asia Strategic Holdings Ltd - London-based developer and operator of consumer businesses in emerging Asia - pretax loss stretches to $3.7 million in the six months to March 31 from $2.6 million a year prior. Revenue increases 11% to $16.0 million from $14.4 million, but bottom line is hurt by $521,029 plant and equipment write-off of certain fixed assets at schools in Mandalay, following the earthquake in northern and central Myanmar in late March. Administrative and other expenses also rise to $11.8 million from $10.3 million. Key revenue drivers include 27% increase in Myanmar’s Education division while sales in Services division fall 2% and drop by 4% in Vietnam’s Education division.
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BP Marsh & Partners PLC - London-based private equity firm, investing in early-stage financial services businesses - pretax profit jumps to £103.4 million in the financial year to January 31 from £43.6 million a year prior. Net asset value per share increases to 890.0 pence from 629.0p. Results reflect the sales of Lilley Plummer Risks Ltd and receipt of £21.7 million and Paladin Holdings Ltd and receipt of £44.0 million. Chair Brian Marsh says: ‘I am pleased to report a year of exceptional performance, realisations, new investments, and cash returns to shareholders. BP Marsh creates real value, and, with a robust and diversified portfolio, we will continue to identify opportunities, support entrepreneurial teams and exit only when it is appropriate.’ Dividend totals 10.72p per share, rising from 5.56p a year ago. Marsh adds: ‘With a robust pipeline of prospective investments in both the UK and international markets, supported by a strong cash position, the group is well placed to act decisively where it sees exceptional potential.’
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Surface Transforms PLC - Liverpool-based producer of carbon-ceramic automotive brake discs - pretax loss widens to £23.9 million in 2024 from £20.6 million in 2023, although revenue rises 13% to £8.2 million from £7.3 million. Sales growth is outstripped by a 15% rise in total administrative expenses to £28.0 million from £24.4 million. ‘2024 proved to be another difficult year which was dominated by the challenge of delivering consistent volume production with yields that would result in a viable and profitable operating model. Progress was frustratingly slow and resulted in a funding requirement leading the company to raise fresh equity in May 2024 and seek financial and operational support from key customers post November 2024,’ company says in a statement. While the customer base has been ‘hugely supportive, and the business has shown incredible resolve’, Surface Transforms accepts the performance has ‘just not been good enough and shareholders are right to be disappointed.’ Notes modest sales growth came as ‘the business experienced demand levels beyond its available supply.’ This reflects delays in installing capacity, an inability to achieve the target yield from current capacity and a failure to deliver a consistent and repeatable process. Expects 2025 financial performance to reflect continued growth, as production capacity and yield rise as a result of improvements made throughout the organisation.
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Newbury Racecourse PLC - Newbury, England-based racing, entertainment and events business - Says attendances are up 21% in 2025 year-to-date on the same period last year. This reflects a number of consumer pricing and product initiatives, company says. In addition, notes revenue across all other areas of the business are performing in line with management expectations and ahead of the same period last year. Also has secured two multi-year raceday partnerships and extended the five World Pool races in 2024 to a full eight race card for the Lockinge Day hosted last month. Says the company is currently trading in line with the board’s expectations.
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