FINANCIAL AND TRADING: SIG names CFO as quarterly price and falling profit

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

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Brave Bison Group PLC – London-based advertising and communications agency – Pretax profit falls to GBP682,000 in 2025 from GBP2.0 million last year, but revenue rises to GBP54.3 million from GBP32.8 million. The bottom line was hurt by a jump in administrative costs to GBP33.1 million from GBP19.4 million. Diluted earnings per ordinary share were 1.76 pence, down from 3.30p. “The momentum is strong and we are excited for next year,” said Chairman Oliver Green. paid a dividend of 0.44 %. It expects total profit and adjusted earnings before interest, tax, depreciation and amortization to exceed current consensus expectations for FY26. Total revenue for the first quarter of 2026 is expected to increase by 58% year-on-year.

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Novacyt SA – a biotechnology group focused on clinical diagnostics – Pre-tax loss narrows to GBP27.3 million in 2025 from GBP39.4 million the previous year as revenue rises to GBP20.0 million from GBP19.6 million, slightly above market expectations of GBP19.8 million. The underlying income is growing at 4% or 5% on a recurring basis. “I am pleased to report a strong set of results, showing continued growth, ahead of market expectations and laying a strong foundation for future growth,” said Chief Executive Lyn Rees. “Our outlook for FY26 looks strong, as we look for double-digit revenue growth year-over-year and look to continue our path to Ebitda profitability,” added Rees.

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Ferro-Alloy Resources Ltd – developing the Balasausqandiq vanadium deposit in southern Kazakhstan – Pretax loss narrows to USD8.4 million in 2025 from USD9.4 million last year. Revenue fell to USD4.5 million from USD4.7 million in line with management’s expectations and the group’s strategy for the existing facility to operate primarily as a research and development center for vanadium and carbon black replacement products. Selling expenses decreased to USD6.3 million from USD7.6 million, driven by lower costs of processed raw materials, wages and general operating expenses at the existing location.

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Cizzle Biotechnology Holdings PLC – London-based life sciences company – Pre-tax operating loss narrows to GBP751,000 from GBP2.2 million in the previous year. “The outlook for 2026 is encouraging. We expect the first commercial revenue from the CIZ1B test in North America following regulatory approval and launch by our partner BIO. Similarly, we intend to further license cooperation in the UK and elsewhere around the world,” said the company.

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Red Capital PLC – Jersey-based company – Pretax loss slightly changed to GBP224,271 in 2025 from GBP233,650 in 2024. Basic and diluted loss per share was 2.24 pence compared to 2.34p.

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Ashington Innovation PLC – special purpose acquisition company – Pretax loss narrows to GBP199,094 in 2025 from GBP268,558 in 2024. No other income is complete. In the year under review, despite reviewing a number of potential opportunities, both in the UK and overseas, and entering into initial discussions with a number of them, he says he has not yet identified any specific acquisition targets for which more detailed discussions have been entered. Initial negotiations continue as the company continues to search for a suitable acquisition target, and the goal remains to acquire a controlling interest in the target business or company(ies).

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SigmaRoc PLC – London-based limestone and minerals company – Reports strong start to 2026 in first quarter. Volumes are growing modestly year on year without the effects of bad weather causing construction delays in Central and Northern Europe. The total volume decreases by 3% reflecting the worst winter conditions. Mixing and pricing benefits resulted in net income for the year ending year at GBP251.5 million. Underlying Ebitda increased by 12% year-on-year to GBP54.9 million, thanks to effective cost management. Ebitda margin improved by 250 basis points year-on-year to 21.8%. Operating profit increased by 4% year-on-year reflecting the continued impact of self-service initiatives. It remains optimistic in SigmaRoc’s ability to make progress this year and beyond. The outlook for FY26 remains unchanged.

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SIG PLC – Sheffield-based construction specialists – Group sales like-for-like fell by 5% to GBP614 million in the quarter to March, reflecting continued low demand on the back and unusually poor weather at the start of the year. Price pressures remain high, and year-on-year prices were lower in the quarter, despite lower inflation in input costs as expected. Trading has started to improve since March, although “recent global events have created more uncertainty about the timing and nature of the recovery in all of the group’s markets.” Cash flow for the quarter was ahead of schedule and the group continues to expect to maintain healthy cash flow for the full year. The first half of the operating profit was lower than last year, given the decrease in sales, and therefore expects the profit of H1 to be lower than H1 2025. “We continue to point to a strong performance for the full year of 2026, with increased weight in the second half,” SIG adds. In addition, SIG announces the appointment of Simon Kesterton as chief financial officer effective May 1. Kesterton succeeds Ian Ashton who announced his resignation on April 10.

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By Jeremy Cutler, Alliance News reporter

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