EARNINGS AND TRADING: GenIP revenue jumps to USD520,000 in 2025

Wed, 27th May 2026 20:16

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

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GenIP PLC - London-based generative AI services provider - 2025 revenue jumps to USD520,389 from USD123,015 in 2024, but pretax loss widens to USD1.1 million from USD886,829. Says the year saw its transition from an "early-stage development to a business with a clear market traction." Notes its

"a rapidly expanding client base, and a strengthened product range aligned to global demand for AI driven innovation evaluation." Cash balance at December 31 is USD579,157 compared to USD1.3 million a year ago. Following performance review, Vortechs has been rebranded as GenIP Talent Search and placed within its new IP Commercialisation Services division. "This new division offers a broad range of innovation support services beyond the Invention Intelligence Suite, which accounted for almost all of GenIP's revenue in 2025," company says. Chief Executive Officer Melissa Cruz says: "GenIP dedicated [2025] to building the foundations for sustainable long-term growth. During the period, the company delivered USD520k in revenue, secured its largest contract to date, and saw early adoption of new AI-enabled products capable of delivering gross margins of up to [around 60%]. Our client base expanded across 25 countries, supported by strengthened partnerships and repeat engagements from leading institutions." For 2026, says trading "is consistent" with 2025, noting that academic clients usually contract in the second half of the year. Says discussions with several larger clients "remain encouraging," and engagement levels across both existing and prospective customers "continue to strengthen." Additionally, announces the appointment of dedicated commercial lead for Global Enterprise and Corporate sales. It plans to appoint a lead for Asia "shortly."

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Synergia Energy Ltd - West Perth, Australia-based oil and gas company - Updates its Cambay production share contract in India, at which it holds a 50% working interest. After sand build up caused the sucker rod pump to seize, well C-64 is currently operating on a reduced pump rate and producing around 30 barrels of oil per day with a 50% water cut. The well was worked over to remove the sand and to optimise the SRP. Well C-72 has been re-perforated in the OSII formation and the SRP was replaced. The well is currently cleaning up the brine kill fluid. Well C-19z has been "consistently producing small volumes of oil on natural flow." An SRP has been installed and a gas pipeline is being installed to connect gas output to the C-73 facility. Says the initial production rate of around 11 barrels of oil per day has since fallen between 2 and 3 bopd. SRP optimisation is ongoing. At well C-08, completes the workover operation and is currently cleaning up the brine kill fluid. The gas output is planned to be connected to the C-73 facility via a new pipeline currently under construction. Well C-74 continues to produce around 60 bopd and well C-77H is producing at a rate of .08 million standard cubic feet per day. Additionally, says it is holding discussions with operator Selan Exploration Technology Ltd regarding the planned C-79 new well to be drilled into the Eocene reservoir. The discussions concern the well target which is planned to intersect the oil leg of the Eocene reservoir.

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Union Jack Oil PLC - onshore exploration, development and production in the UK and US - Recommends shareholders should vote against the resolution to appoint former director and 9.2% shareholder Craig Howie to its board. In January, Howie resigned at the unanimous request of the board due what Union Jack calls his "demonstrable lack of knowledge as to the vital role of the technical team in a listed company focused on oil and gas exploration", as well as "material breaches of confidentiality contrary to his legal and contractual obligations." Union Jack says Howie is "opportunistically trying to gain control of the company, its operational asset base and its cash without paying a control premium." The board also believes Howie would seek "to remove those board members that have experience of running listed companies focused on oil and gas exploration."

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Red Capital PLC - Jersey-based acquisition company - Scott Gilbert takes over as chair, replacing David Williams who is now a non-executive director. Greig Gilbert is now CEO. Additionally, Simon Webster steps down from his role as non-executive director. Red Capital says Williams will continue to work with the company to deliver its new Venezuelan energy strategy.

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Kendrick Resources PLC - mineral exploration and development company with projects in Namibia and Sweden - Completes an internal review and analysis of historic and current work at rare earth projects Teufelskuppe and Kieshohe in Namibia. The projects are the subject of a 70% earn-in interest by the company under an agreement with Bonya Exploration Pty Namibia. Records a gross project valuation of USD400 million for verified in situ LREO-bearing carbonatites at Teufelskuppe. Further, says a tonnage estimate of 14 metric tones for TK for above ground mineralised carbonatite equates to a gross estimated rare earth inventory of 448 kilotonnes of LREO, based on an average head grade of 3.12 percent by weight. Chair Colin Bird says: "We are very pleased with the amount and quality of data we inherited for the projects. What has surprised our geologists and engineers is the tenor and continuity of rare earths that exist on both properties and rather than looking for independent small potential resources, we are looking at substantial potential resources on both projects. The board and management team are single minded in their approach to produce a maiden resource by the end of the third quarter 2026 and to nail down an optimised metallurgical flow sheet. The team has done extremely well in a short time, and the recent fundraising will allow progress on all fronts mentioned above. We are in exciting times in an exciting market, and we look forward to providing Shareholders with further updates".

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Arc Minerals Ltd - copper exploration company focused on mines in Africa - Agrees settlement with Handa Resources Ltd, Unico Minerals Ltd and Kopara Investments Ltd and Zambia Mineral Exchange Corporation Ltd, Lunda Resources Ltd and Mumena Mushinge. This terminates eight sets of ongoing proceedings in Zambian and resolves all ongoing litigation impacting Arc in the country. CEO Remy Welschinger says: "I am very pleased that we have successfully reached a comprehensive and final resolution of all outstanding legal disputes in Zambia. This settlement allows us to focus entirely on advancing our exploration and development activities across Botswana and Zambia. Arc's Kabompo West project represents one of the largest exploration footprints in the Domes region of Zambia."

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Meridian Mining PLC - London-based company focused on the Cabacal gold-copper project in Brazil - Submits the Cabacal projct installation licence application to the Mato Grosso State Environmental Secretariat. The licence is needed prior to commencing any mine-site construction. Additionally, begins the ordering of long-lead time items including the main transformer of the plant's substation. Further, the semi-autogenous grinding mill's design, technical specifications and pricing have been agreed, with only contract terms to be finalised. Enters the final stages of civil surveying of planned access routes, power easements and bridges. CEO Gilbert Clark says: "The commitment to finance the future construction of a major mine is never taken lightly. However, our confidence to start placing the orders and pay deposits for long-lead time items, and shortly to commence the civil works, stems from Cabacal's [pre-feasibility study's] circa USD1 billion valuation and 60% [internal rate of return], and its definitive feasibility study's work streams that have reported an increased resource base and higher metallurgical recoveries. Above all, we have a local team experienced in building and operating mines in Brazil."

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By Aidan Lane, Alliance News reporter

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