The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News:
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Wolfram Resources PLC - Acquisition vehicle targeting critical minerals, formerly Miotal PLC - Reports financials for the six months ended March 31. Total comprehensive loss widens to £226,161 from £142,812 with administrative expenses accounting wholly for the loss. Says it has been ‘diligently attempting to identify a suitable business with which to enter into a potential transaction’ following the termination of the heads of terms with SMT Holdings Ltd.
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Vault Ventures PLC - London-based incubator focused on identifying, developing and commercialising early-stage technology businesses, primarily in the blockchain and fintech sectors - Comprehensive loss narrows in year ended December 31 to £156,000 from £493,000 a year prior. Reports no revenue, unchanged from year prior. Says 2024 was a year of transformation and strategic realignment for the company, after failing to find a suitable target for a merger or acquisition. Vault has transitioned into an operating business with a clear focus on blockchain, AI and fintech. ‘This evolution reflects our belief that long-term value lies in building scalable, revenue-generating businesses that support the decentralised technologies shaping the digital economy.’ To support this, completes in June a £1 million institutional placing and a £250,000 retail offer.
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Xtract Resources PLC - Australia and Zambia-focused miner - Pretax loss for year ended December 31 widens to £419,000 from £172,000 a year prior. Company is focused on core objective of ‘gaining new positions in highly prospective copper domains and consolidating current positions’. During the year, acquires exploration ground at Ivanhoe Kamoa, the third-largest copper mine in the world. While low-grade, Bushranger project in Australia remains open-ended in all directions and Xtract is examining routes to monetise the site. Says project will be viable at $10,000 per tonne, down from $11,000 per tonne projected initially, which ‘may be closer than many people think’ given recent market movements. In 2025 has Xtract expanded into antimony in Morocco, believing it likely to be a significant area of growth in the years ahead.
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Caracal Gold PLC - East Africa-focused gold producer - Reports NO revenue in six months to December 31, down from £646,000 a year prior. Comprehensive loss for the period widens to £2.72 million from £2.65 million. Focus has been on progressing financing options and meeting requirements to restore its listing, company says, calling the period ‘challenging’. Drop in revenue is due to cessation of production, which brought administrative expenses lower to £1.19 million from £1.24 million.
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Sorted Group Holdings PLC - Manchester-based operator of a delivery experience platform - Reports revenue of £5.6 million in year ended December 31, down from £5.3 million. Pretax loss narrows to £4.9 million from £9.6 million. Takes steps to reduce overheads as administrative costs decline to £5.0 million from £9.8 million. While group searches for new CEO, Chair Simon Wilkinson is named as executive chair. ‘Optimistic’ about the future, Sorted says. ‘Our strategic focus on agility, efficiency, and customer satisfaction will continue to guide us. We are confident that the steps we have taken will not only strengthen our market position but also lay a solid foundation for sustained growth and success. The addition of SHL has provided us with a valuable platform for potential growth opportunities.’
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