Sysgroup Share News (SYS)

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

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EnQuest PLC - oil and gas company with operations in the UK and Malaysia - EnQuest announces a four-year extension to the Block 12W production sharing contract, awarded by PetroVietnam. "Granted on the PSC's existing terms, this extension runs to July 2034 and provides EnQuest and its partners the opportunity to access upside across Block 12W, with prospectivity spread across three gas discoveries and several additional targets," it adds.

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SysGroup PLC - IT services, cybersecurity and cloud hosting provider - Saxis Group Ltd unit has been picked by Dacorum Borough Council for "a full IT infrastructure refresh programme". "The contract was awarded following a formal competitive tender process and will see SAXIS modernise the council's private cloud environment, enhancing performance, resilience and cyber security. The refreshed platform is designed to provide improved performance, enhanced recoverability and a more resilient foundation to support the council's critical public services and future digital initiatives," SysGroup says.

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Power Probe PLC - Charlotte, North Carolina producer of automotive electrical diagnostic tools for professional service technicians - Reports strong trading continued during the second half of 2025. Revenue in 2025 rises 25% from 2024. Revenue and underlying earnings before interest, tax, depreciation and amortisation are to be in line with market views of USD39 million and USD9 million. "Trading in the initial weeks of 2026 has been encouraging while the strong momentum in new product sales evidenced in FY25 is expected to continue into FY26. The group continues to see robust demand for existing Power Probe branded products and remains confident that the group's pipeline of new products will enjoy strong demand as they are strategically released to the market through the course of the year," Power Probe says.

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Chill Brands Group PLC - London-based consumer packaged goods distributor - Says demand for its Chill Connect platform continues to run ahead of supply, as strong momentum in UK convenience retail drives rapid growth. Chill Brands says product sales revenue averages more than 55% month-on-month growth between October 2025 and January 2026, with combined monthly revenues from product sales and service fees now materially higher than in the prior 18-month reporting period. The company says January alone generates more than GBP150,000 of combined revenue. The London-based consumer packaged goods distributor says the UK convenience retail sector is undergoing significant structural change, with independent retailers navigating increasingly complex and fragmented markets. Chill Brands adds that its product ranges are expanding rapidly across multiple categories, with retailers asking for more product lines and brands actively seeking its distribution reach. Chill Brands says demand regularly runs ahead of capacity, with growth constrained primarily by working capital rather than market opportunity. It adds that the market opportunity in convenience retail continues to grow larger, and the board says the opportunity ahead is clear as it expands beyond vaping into categories such as sundries, beverages and confectionery.

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Phoenix Spree Deutschland Ltd - invests in German rental property - Sells 122 units for EUR36.0 million in 2025, up from EUR9.4 million in 2024 and beating its target of EUR30 million. The average notarised price during 2025 was EUR4,135 per square metre, a 3.9% premium to latest balance sheet carrying values. It hails a "positive" start to 2026, with 14 units notarised for EUR4.1 million. It says a further 26 units are reserved and pending notarisation. It intends to return capital to shareholders in 2026 after sealing a full debt refinancing at the end of last year.

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Power Metal Resources PLC - metals explorer with projects in North America, Africa, Saudi Arabia and Australia - A diamond drilling programme at the Badger Lake uranium asset in Canada is planned to kick off in March. It will "test two major shear zones and the S-Zone underlying a significant uranium, cobalt and nickel soil anomaly".

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Andrada Mining Ltd - tin and tantalum producer in Namibia - Reports "high-grade intersections" from diamond drilling results at Lithium Ridge. "The drilling confirms high-grade lithium mineralisation from surface to drill depth, together with meaningful tin and tantalum mineralisation, reinforcing Lithium Ridge's potential to evolve into a large-scale, long-life polymetallic asset," Andrada says.

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By Eric Cunha, Alliance News news editor

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