EARNINGS: Cerillion sales and profit slump; LPS swings back to profit

Mon, 01st Jun 2026 13:10

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

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JPMorgan Japanese Investment Trust PLC - investment trust focused on Japanese companies - For the six months ended March the net asset value total return is 2.0% compared with 6.7% for the benchmark TOPIX Index. NAV per share is 762.4 pence at March 31 compared to 620.6p the year prior.

Chair Stephen Cohen says: "The case for investing in Japan is stronger than ever. The market's ascent to historic record highs during the period...demonstrates that ongoing corporate reforms are delivering tangible results. These structural improvements ensure the market remains attractive for long-term growth portfolios." In addition, the trust "hopes to be able to continue its unbroken streak of annual dividend growth since 2020".

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Cerillion PLC - London-based billing, charging and customer relationship management software company - Reports pretax profit of GBP5.5 million for the six months to March 31, down 41% from GBP9.3 million a year before, as revenue falls 14% to GBP18.0 million from GBP20.9 million. The firm says the decline reflects the timing of contract deliveries, with minimal high-margin software licence revenue recognised in the first half and a material contribution expected in the second half. New orders more than double to GBP39.6 million, including a GBP42.5 million contract with Oman's national telecoms operator Omantel, while the back-order book rises 64% to a record GBP82.1 million. Cerillion increases its interim dividend by 15% to 5.5p from 4.8p and says it remains on track to meet full-year market expectations. "The board believes that the group is well-positioned to deliver consensus market expectations for the full year, underpinned by the back-order book, expected income mix, and anticipated new orders from existing customers," it says. Looking further ahead, demand remains "strong and our pipeline of opportunities with both new and existing customer is very healthy," comments Chief Executive Louis Hall.

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LPA Group PLC - Posts pretax profit of GBP400,000 in the six months to March, swung from GBP500,000 loss the year prior as revenue increases to GBP13.8 million from GBP9.5 million. Order book falls to GBP29.3 million from GBP32.8 million. LPA says enquiry levels for Aerospace and Aviation products remain strong, the Red Box sales programme continues to show encouraging progress and Plane Power product sales are building momentum. Chair Robert Horvath says: "We are actively collaborating with a number of customers to develop tailored products, while maintaining a clear focus on fulfilling shorter-term orders to support immediate delivery requirements. Although we continue to await updates on several longer-term contracts, overall sales volumes have remained robust and in line with budget expectations. Looking ahead, the outlook for the second half of the year is encouraging. We remain confident in our long-term growth prospects and our ability to generate sustained value for our shareholders. We therefore expect to deliver full-year results in line with current market expectations."

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Block Energy PLC - Georgia-focused oil and gas company - Pretax loss widens to USD2.5 million in 2025 from USD609,000 the year prior. Revenue drops to USD6.1 million from USD7.5 million, reflecting a materially lower oil price backdrop. Basic and diluted losses per share total 0.31 US cents versus 0.08 cents the year before. "The period was defined by resilient operational delivery in a lower oil price environment, third-party validation across the company's Georgian portfolio and, following the year end, the establishment of a new growth platform in the fairway of the Gulf of Guinea," Block Energy says. Existing production was above budget at 122,474 barrels of crude oil in 2025, down from 131,579 barrels in 2024. Year-end cash improves to USD1.5 million from USD1.1 million. "Subsequent to year end, commodity prices have strengthened materially from the 2025 average. Combined with strong operational performance and enhanced efficiencies, Block is positioned to benefit from a better commodity price environment while retaining the discipline developed during the lower-price period," it says.

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Sunda Energy PLC - Southeast Asia-focused gas resource company - Reports a wider annual loss and a sharp decline in cash reserves. Loss on ordinary activities widens to GBP2.8 million in 2025 from GBP2.0 million a year earlier, while cash at year-end fell to GBP330,000 from GBP3.2 million. Adds it has adopted a conservative approach to asset impairments and future capital expenditure. Non-Executive Chair Gerry Aherne says: "2025 was a milestone year for Sunda. We faced tremendous headwinds, especially with the involuntary postponement of drilling in the company's Chuditch project in Timor-Leste, but also entered a period of transition, the fruits of which we are starting to see in 2026. With plans for Chuditch getting back on track, the entry into two highly prospective exploration assets in the Philippines, and the recent announcement of the proposed acquisition of a material portfolio of production, development and exploration assets in New Zealand, Sunda is truly advancing on its journey to become a meaningful upstream oil and gas player in the Asia-Pacific region."

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Nativo Resources PLC - focused on gold mining and processing in Peru - Pretax loss more than doubles to USD4.5 million in 2025 from USD2.2 million the year before. Revenue is zero versus USD44,000 in 2024. "The board remains clear-eyed about the operational and market risks inherent in building a scaled precious metals business. However, we believe Nativo's strategy - anchored in near-term mining opportunity, processing capability build-out and tailings recovery potential - offers a credible pathway to value creation," it says.

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Invinity Energy Systems PLC - London-based manufacturer of utility-grade energy storage systems - Pretax loss widens to GBP24.1 million in 2025 from GBP22.8 million the year prior. Revenue rises to GBP8.2 million from GBP5.0 million. Basic and diluted losses per share total 5.1 pence versus 6.7p. "The results reflect a business that has deliberately invested in its foundations and is now clearly entering a new phase of accelerating growth," says Chief Executive Jonathan Marren. "As the world demands cheaper, more secure energy, the opportunity ahead of us is immense and we are moving faster than ever to stay at the forefront of this transition and capture maximum value for our stakeholders," the CEO adds.

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By Jeremy Cutler, Alliance News reporter

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