EARNINGS: Griffin Mining revenue jumps; Andrews Sykes holds payout

Tue, 12th May 2026 12:48

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

----------

Griffin Mining Ltd - mining investor focused on China - Pretax profit in 2025 surges 82% to USD32.6 million from USD17.9 million in 2024 and revenue edges up 1.8% to USD137.5 million from USD135.1 million. "For 2026 the operational outlook is positive with an expected return to 1.5 million tonnes per annum production during the year and new mining areas coming online. The benefits of investment in people, safety and modern infrastructure will enable safe, sustainable production well into the future," it says.

----------

Andrews Sykes Group PLC - provider of air conditioning, heating, pumps, chillers and boilers - Pretax profit in 2025 edges up to GBP23.4 million from GBP23.2 million in 2024, with revenue climbing to GBP76.5 million from GBP75.9 million. "Andrews Sykes' overall trading remained solid during 2025 and we are pleased to report that the group as a whole has again delivered an increased operating profit," it says. "Positive trading momentum experience towards the end of 2025 has continued into the current financial year, with overall performance in the year to date in line with the board's expectations. Whilst the situation in the Middle East has not currently had a significant impact on trading activities in that region, the board continues to monitor the situation and will respond to any impact it may have on operations. The group is confident in its core markets, its revenues and its profits." Andrews Sykes maintains its final dividend at 14.00p per share and the total dividend for the year and 25.90p.

----------

Angling Direct PLC - Norwich, England-based fishing tackle and equipment retailer - Pretax profit in the year to January 31 rises 47% to GBP2.9 million from GBP2.0 million as revenue pushes 14% higher to GBP103.9 million from GBP91.3 million. Momentum continued in the new year, it says, with revenue rising 9.7% in February. However, it saw softer trading thereafter, with sales growth cooling to 5.4% in March before picking up to 7.6% in April. The sales deceleration came amid the Middle East conflict. "The additional costs incurred to date as a result of the conflict, such as distribution fuel surcharges and increased freight, are relatively insignificant and have been fully mitigated. The group can continue to review levers to offset further additional costs through savings elsewhere in the short-term, such that FY27 guidance is not impacted at this stage," it adds.

----------

International Biotechnology Trust PLC - invests in biotechnology companies - Net asset value per share at February 28 half-year end rises to 988.50 pence from 739.48p in August. "It has been gratifying to witness a rebound in the biotechnology sector following a significant sell off," Chair Kate Cornish-Bowden says. "In this environment, the more profitable, later stage, commercial biotechnology companies in which the portfolio is overweight should prove to be more resilient. This is borne out by the continued M&A activity since the period end with a further three acquisition announcements of portfolio companies in March 2026 alone."

----------

CEPS PLC - buys majority stakes in "profitable and steadily growing entrepreneurial UK companies" - Pretax loss from continuing operations in 2025 amounts to GBP2.2 million, widening from GBP426,000. Revenue falls to GBP9.9 million from GBP10.2 million. Total revenue, however, rises to GBP32.8 million from GBP31.6 million. "Having repaid all the external debt in CEPS and exploring an appropriate strategy by which to return capital to shareholders, the next challenge to be confronted by the company is investing its large cash reserves in profitable and attractive businesses which will develop the CEPS group over the next few years," it adds.

----------

East Star Resources PLC - Kazakhstan-focused copper and gold explorer - Pretax loss in 2025 widens to GBP2.3 million from GBP1.1 million in 2024. No revenue is reported in either year. The wider loss stems from impairments of GBP1.3 million, stretching from GBP62,000 in 2024. "Kazakhstan's rich endowment of copper and gold, combined with favourable infrastructure and mining-friendly conditions, positions East Star to capitalise on favourable macroeconomic trends for these metals. With multiple high-priority VMS, porphyry, and epithermal gold projects or targets, robust commodity market fundamentals, and the backing of globally recognised mining partners, East Star is well positioned to deliver discoveries and developments," Chair Sandy Barblett says.

----------

Jersey Oil & Gas PLC - upstream oil and gas company ‎focused on the UK Continental Shelf - Pretax loss in 2025 narrows to GBP1.7 million from GBP3.5 million in 2024, with no revenue reported in either year. Administrative expenses decline to GBP2.2 million from GBP4.1 million. "Following the significant progress that has been made by the Company towards monetising the Greater Buchan Area, the last year has frustratingly seen momentum slowing as a result of the government's consultations on the future regulatory and fiscal direction of the UK North Sea. Despite this, the company remains well positioned as one of the leading UK listed small-cap oil and gas companies, with a high-quality development portfolio and the funding to deliver on its organic growth plans," Jersey Oil says.

----------

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com