EARNINGS AND TRADING: Coral sees sales delay; Nanoco swings to profit


Idag, 16:53

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

----------

Coral Products PLC - Manchester, England-based maker of bespoke plastic products - Trading in the final quarter of its financial year ending April is adversely affected by the timing of revenues associated with established customer contracts and the phasing of new business wins. This will result in a proportion of expected sales being deferred beyond the end of April. Phasing is, in part, influenced by the Middle East conflict, which has affected customer demand patterns and the timing of order fulfilment across certain markets. As a result, second half expected profitability will be reduced. Coral Products emphasises that these sales are deferred and not lost, expects deferred revenue to be delivered in financial 2027.

----------

Silverwood Brands PLC - holding company established to invest primarily in branded consumer businesses - Reports results for the six months to December and for the 18 months to June 2025. For the six month period, pretax loss narrows to GBP38,555 from GBP358,866 the year prior, with revenue of GBP9.2million, down 1.0% from GBP9.3 million. For the 18 months, pretax loss widens to GBP18.3 million from GBP6.6 million, with revenue of GBP23.9 million, up from GBP11.1 million. Comparative figures are restated and for the 12 months to December 2023. Explains that the 18 results were delayed as completion of the audit was prolonged by translating the financial statements of Japanese subsidiaries from Japanese Generally Accepted Accounting Principles to International Financial Reporting Standards. "This work proved more complex and time‑intensive than anticipated," Silverwood Brands says. "We are investing in additional expertise and capacity to ensure that our reporting processes are robust, resilient, and able to meet the expectations of a listed company," it adds.

----------

Atlas Metals Group PLC - natural resources and energy investor, formerly known as MetalNRG - Says Yorkville Advisors Global LP, agrees to advance GBP2.0 million loan to Atlas Metals sooner than anticipated. The new loan will repaid monthly across 11 months, commencing 60 days after drawdown, with interest at 5% per annum. In addition, Atlas says the proposed acquisition of Universal Pozzolanic Silica Alumina Ltd continues to progress in line with expectations. Proceeds of the loan are expected to provide sufficient funding to complete the work required ahead of completion of the deal. Chief Executive Chris Chadwick says: "We are grateful for the support shown by Yorkville through accelerating the provision of the second loan. This funding will enable Atlas to complete the work required for the proposed acquisition of UPSA. Atlas, its advisers and the shareholders of UPSA remain committed to completing the acquisition as soon as possible."

----------

Nanoco Group PLC - Runcorn, England-based nanomaterials developer - Swings to pretax profit of GBP2.7 million in the six months to January from GBP960,000 loss the year prior as revenue more than doubles to GBP7.7 million from GBP3.4 million. Sales jump mainly reflects receipt of settlement proceeds from the LG Electronics litigation. Looking ahead, expects full year revenue of GBP11.3 million, in line with market expectations, and up from GBP7.6 million the year prior. Cash at April 30 is expected of GBP10.4 million, including GBP3.2 million for costs incurred relating to the Shoei litigation. Interim Chief Executive Liam Gray says: "The past six months have been constructive for Nanoco, with the JDA with our first Asian Chemical Customer continuing to progress and our focus remaining on developing and scaling the materials over the next couple of years. We are also in discussions regarding a potential extension to the JDA with the second Asian Chemical Customer. Alongside this, we remain engaged with a number of other potential customers; while these discussions are at an early stage, they could over time contribute to additional revenues and a broader product portfolio."

----------

City of London Investment Group PLC - London-based firm, whose products invest primarily in closed-end funds - Funds under management decrease by 2.7% to USD10.9 billion as of March 31 from USD11.2 billion as of the end of 2025. Outflows in the quarter to March total USD308 million, with net outflows USD172 million. Notes net outflows are at a "reduced rate compared with prior quarters, driven primarily by client rebalancing activity, pension de‑risking, and cash needs." Market and investment performance was a "significant headwind" in the quarter, as gains earlier in the quarter were more than offset by heightened volatility and a sharp March drawdown, it adds.

----------

Andrada Mining Ltd - tin producer targeting Namibia - Completes USD11 million private placement with strategic investors at 3.6 pence per share. Zeus Capital Ltd and H&P Advisory Ltd were joint-bookrunners for the fundraising. Chief Executive Anthony Viljoen says the completion of the placement comes at a "pivotal juncture" for Andrada. "The funding allows the company to scale up operations and advance various growth initiatives, whilst deriving maximum benefit from the high commodity price environment. Importantly, this fundraise completes the current equity financial requirements for the group," he adds. Specifically, proceeds will be used to accelerate production growth at the Uis operation by funding operational upgrades and expansion initiatives, including the installation of additional crushing capacity to increase throughput, accelerated stripping activities to access ore more quickly, and updates to resource and reserve estimates.

----------

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Marknadsöversikt

1 DAG %

Senast

1 mån