Three things you need to know as the UK financial markets open, from Tony Cross.
#1. TruFin to hit profitability a year early
It might be the start of the first full trading week of 2025 but news remains in short supply as market participants re-engage after the Christmas break. TruFin LON:TRU has however issued a trading update noting that pre-tax profits are now expected to come in well ahead of market expectations, resulting in its first full-year profit being delivered a year earlier than had been forecast. This is being attributed to an exceptional year-end performance from two games launched in 2024 via its PlayStack division, supported by solid performances elsewhere in the business, too.
#2. Trading update from Tialis shows positive cash generation
IT managed services provider Tialis [LON:TIA] has provided a full year trading update this morning, noting that revenues are expected to be no less than £20.5m, with a significant year-on-year increase in positive cash generation. The current sales pipeline stands at £11m.
#3. Diversified Energy to acquire US assets, benefit from synergies
Diversified Energy Company LON:DEC has this morning announced the acquisition of assets across the US from Summit Natural Resources. The purchase price of $45m for coal mine methane wells will be fully funded by cash on hand and current liquidity, with the acquisition expected to add $12m of EBITDA in FY25. The overlap with existing assets is expected to introduce additional synergies which will bolster cash margins further.
