Stock Market

FINANCES AND TRADING: Pacific Assets reports “disappointing” returns.

(Alliance News) – The following is a compilation of earnings and trading updates by London-listed companies, issued on Thursday and Friday and not reported separately by Alliance News:

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Pacific Assets Trust PLC – an Edinburgh-based investment company focused on the Asia Pacific region, including India but excluding Japan – reported net asset value per share of 412.0 pence as of January 31, down from 417.5p a year earlier. Total NAV return for the year ended January 31 was 0.0%, compared to the prior year and 9.7%. The Japan-adjusted MSCI All Country Asia Index, by contrast, delivered a total return of 28.6% for the period. “This disappointing result puts the company at the bottom of its peer group in the long term and remains important to the board,” commented Chairman Andrew Impey. It notes that the company’s strategic review is ongoing, and says it “expects to make an announcement in the next few weeks.” It says conditions were “uneven” across the target region, with “a small group of technology-led markets”, meaning “quality companies across India and Southeast Asia (the portfolio’s core areas) were overlooked despite strong fundamentals.”

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Augmentum Fintech PLC – A London-based investor in the European financial technology sector – Announces, together with its target buyer Frontier Bidco Ltd, that the Financial Conduct Authority has “decided to approve, or be treated as authorized. [the acquisition]without conditions”, by satisfying the relevant condition of the arrangement allowing the takeover. Augmentum’s shareholders voted for the acquisition by Frontier, a vehicle controlled by Verdane Fund Manager AB, in mid-April.

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GreenRoc Strategic Materials PLC – A developer of a critical minerals project focused on Greenland – Reports a pre-tax loss of GBP828,000 for the year ended November 30, widening from a loss of GBP778,000 the previous year. Administrative costs fell to GBP824,000 from GBP830,000, with the non-profit also reporting no ‘other income’ for the year, down from GBP53,000. Cash and equity totaled GBP184,000 as of November 30, up from GBP94,000 one year earlier. The company notes that the EU has awarded GreenRoc’s Amitsoq graphite Mine ‘Strategic Project’ under the Critical Raw Materials Act, and CEO Stefan Bernstein says “the firm’s engagement with European institutions has been extensive throughout the year.” “2025 saw GreenRoc strengthen its balance sheet, providing a strong platform to accelerate project development,” he adds. By 2026, GreenRoc’s priorities include starting phase 3 drilling at Amitsoq, and “continuing engagement with potential strategic partners,” Bernstein added.

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Africa Opportunity Fund Ltd – A closed-end investment fund focused on Africa – Reports, on Thursday, a total of USD4.2 million of investment profits in subsidiaries by 2025, down from USD4.4 million in 2024. Dividend income increased to USD480,709 from USD257,104. Operating profit before tax fell to USD4.4 million from USD4.6 million. Earnings per share fell to 30.9 cents from 34.0 cents. “2025 was a very good year for African stock markets,” said Chairman Myma Belo-Osagie. It notes that the company sold First Mutual Properties, its second largest property in Zimbabwe, this year. “The recent conflict in the Middle East adds a new dimension of uncertainty, yet times of turmoil create opportunities for the Fund to invest attractively,” Belo-Osagie said. “We are optimistic about the fund’s outlook, despite the current macroeconomic environment.”

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Technologies New Energy PLC – a London-based energy company that supports decarbonisation projects – reports on Thursday EUR362,141 in revenue for 2025, up from EUR178,852 in 2024, “reflecting strong commercial activity [Technologies New Energy] SA in all its four business units.” Chairman Jose Meneses da Silva Moura says that 2025 was “a year of change” due to the reversal of TNE, a Portuguese renewable energy company, of GBP28 million shares. It reports a pre-tax profit of EUR40,323, changed from EUR165,950 expected loss of operating income, generating expected cash. profit” for 2026, “supported by the growth of the revenue backlog, the biorefinery project portfolio and its strategic agreement for the Data Region project in Canada.”

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All rights reserved.

Business News Finance and Instruments Funds Mines Construction & Materials Engineering and industry Pacific Assets Trust Augmentum Fint. GreenRoc Strategic Materials Africa Opp. Tech New Energy

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