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

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Surgical Innovations Group PLC - Surgical and medical instrument manufacturer - 2025 revenue falls to GBP11.6 million from GBP11.9 million in 2024 as SI Branded products revenue decreases 8% to GBP5.9 million. Says this is driven by tariff headwinds in the US and structural sales challenges with its partner in India. Original equipment manufacturer sales decline 12% to GBP1.7 million. Hails 23% revenue growth in Europe as sales reach GBP2.1 million, however, driven by "the continued resonance of the group's sustainability messaging, a key differentiator for SI Branded products." Notes an "encouraging" 14% increase in UK distribution revenues to GBP4.1 million. Pretax loss narrows to GBP944,000 from GBP2.1 million. Says its strategy to add high value devices to its portfolio "shows dividends." In the first quarter, says "positive sales performance...provides a solid start to the year and reinforces confidence in returning the business to growth in 2026". Looking ahead, Si's focus is on cost-down initiatives and operational efficiencies, which are "expected to drive further margin improvement, improving profitability and cash generation across the business". "The board is reviewing the business's strategy with a view to identify options to optimise shareholder value going forward. The board will update the market in due course," SI adds.

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ActiveOps PLC - Provider of decision intelligence software for service operations - Expects 2026 revenue GBP45.0 million, up 48% from GBP30.5 million in 2025, ahead of market forecasts. Sees adjusted earnings before interest, tax, depreciation and amortisation of GBP4.2 million, rising from GBP2.5 million in 2025, also ahead of consensus. Hails nine new customer wins and an increase in net revenue retention. Says this, alongside continued positive cash generation, "provides a robust basis for future growth". Comments: "The strong close to [2026] provides a healthy position for sustained progress in [2027] and beyond. The board remains confident in the group's strategy and its ability to deliver sustained growth, supported by the increasing relevance of its offering, expansion opportunities within its existing enterprise customers and our increased sales and marketing capabilities. The group continues to invest in its product offering and go-to-market capability while maintaining a strong balance sheet." ActiveOps plans to publish its results for the year ended March 31 on July 2.

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System1 Group PLC - London-based marketing firm - Expects to report 2026 revenue of GBP37 million, flat from GBP37.4 million in 2025 and in line with guidance. In the second half alone, revenue rises 4%, System says, noting a "strong recovery" in Platform revenue. Fourth quarter revenue jumps 13%. Adjusted pretax profit falls to GBP2.1 million from GBP5.2 million, in line with guidance. Adjusted Ebitda declines to GBP3.6 million from GBP6.6 million. For 2027, System1 expects profit and revenue growth in line with market consensus. "Cost savings implemented in FY26 position the business for an improved Ebitda margin of no less than 15% in FY27, with the opportunity for further margin expansion as revenue scales," it adds. The company plans to provide its full 2026 results on July 8. Additionally, System1 enters into a customary relationship agreement with Brave Bison. This includes the opportunity for a representative of Brave Bison to be appointed as an observer to System1's board. This follows the acquisition by Bison of a 28% stake in System1.

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Oriole Resources PLC - West and Central Africa-focused gold explorer - Pretax loss widens to GBP645,000 in 2025 from GBP289,000 in 2024. Reports no revenue, unchanged from 2024. Administrative expenses total GBP1.50 million, little changed from GBP1.53 million in 2024. Exploration expenditure falls to GBP2.14 million from GBP2.66 million, as earn-in agreements with BCM progressed, including with completion of the Bibemi earn-in in November 2025, and completion of the Mbe earn-in in February 2026. "The outlook is bright for Oriole, not least because the buoyant gold price has generated a considerable increase in investor interest in gold exploration companies with good projects and significant exploration potential...We have already put it on the international gold sector map with the notable success at Mbe. We are confident that 2026 will be a strong year for building upon the major achievements made in 2025 and growing the value of the company," says CEO Martin Rosser.

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Fair Oaks Income Ltd - Guernsey-based investor which specialises in collateralised loan obligations - Net asset value per share is 50.92 US cents at December 31, down from 56.14 cents a year prior. NAV total return declines to 5.49% from 14.91%. 2025 dividend is flat at 8.00 cents per ordinary share and realisation share. "Continued demand for floating-rate instruments is expected to keep spreads stable despite continued high primary issuance in 2026. An expected upswing in [mergers and acquisitions] and [leveraged buyout] activity in 2026 should benefit the leveraged loan market, supporting not only CLO creation but also arbitrage levels as an active loan market will be constructive for new-issue CLO equity transactions," company says. "We believe that the company and the Master Fund are well positioned to generate attractive risk-adjusted returns in 2026," it adds.

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Facilities by ADF PLC - Provider of production and support vehicles for the TV and film industry - 2025 revenue climbs to GBP41.3 million from GBP35.2 million in 2024. Pretax loss narrows to GBP800,000 from GBP2.8 million. Looking ahead, says first quarter 2026 trading is in line with management expectations, "with improving utilisation and a healthy pipeline across all three businesses". The firm expects a similar second-half weighting as in 2025. Says the UK "continues to attract strong global investment in film and high-end television, for its world-class studios, facilities and highly skilled workforce." Adds: "Strategic priorities underway, focused on customer-centric growth, complementary business diversification and broadening ADF's client base to improve quality of earnings. The group is well-positioned with a new management team to execute on strategic priorities capitalise on the underlying industry drivers and diversified market opportunities."

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ACG Metals Ltd - Tortola, British Virgin Islands-based mining company - Reports 12,168 ounces of gold equivalent production in the first quarter, down 22% from a year ago. Chair and CEO Artem Volynets says the first quarter "represents a strong start to the year for ACG, reflecting disciplined execution across operations, projects and prudent balance sheet management. Lower C1 cash costs and strong revenues underscore the quality of the operation, while sulphide stripping and the Gediktepe sulphide expansion project continue to progress in line with plan towards production in the middle of 2026. With a robust financial position and key growth projects advancing on schedule, we are well positioned to deliver a transformational year as ACG transitions into a long?life copper producer."

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Ebiquity PLC - London-based firm providing clients with insight on advertising industry - 2025 revenue declines to GBP73.4 million from GBP76.8 million in 2024. Pretax loss is GBP12.1 million, widened from GBP2.3 million. CEO Ruben Schreurs says: "While market conditions, particularly in North America, have had a negative impact on our financial results in 2025, we have acted decisively to strengthen the business and improve performance. A new leadership team is in place in North America, we have carried out a comprehensive programme to improve operational efficiency across the organisation and have continued to invest in our people and technology platform to give us competitive advantage. These initiatives are making an impact. We have entered the current year with encouraging commercial momentum, with good demand for our integrated independent expertise and having secured marketing effectiveness engagements with an aggregate contract value of more than GBP10 million over their three-year terms."

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Ondo InsurTech PLC - London-based claim prevention technology company - Revenue totals GBP4.6 million in the year ended March 31, up 19% from GBP3.9 million a year ago. The increase is driven primarily by "continued strong growth" in the US. Recurring revenue jumps 50% to GBP3.8 million whilst one-off device fee revenue declines by 39% to GBP800,000. CEO Craig Foster says: "This year demonstrated that LeakBot works at scale in the USA: revenues up 115%, in-home visits up 123%, with net promoter score increasing by a further [nine points to plus 88]. While our partners are reordering and expanding, the uncertain timing of certain re-orders and the associated cash position require us to explore financing options, which we are actively pursuing. The platform is built, the market opportunity is large, and we are focused on fulfilling our goal of becoming the US market-leader in water damage predict-and-prevent technology." The company plans to announce its full year results on July 29.

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By Aidan Lane, Alliance News reporter

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