AIREA (AIEA) AGM 2025 presentation summary

FY24 performance and financial position

• Revenue £21.2m, up 0.6% YoY; sales grew 6.0% in H2, with UK and ROI up 4.5% and international sales up 11.8%.

• Underlying operating profit £1.6m vs £1.8m; operating profit £0.7m included £0.9m of non-recurring items, and profit before tax was £0.1m.

• Cash and cash equivalents £2.1m and net cash £0.7m at year-end; the £0.9m outstanding CBILS balance was fully repaid in December 2024.

• Proposed full-year dividend 0.60p, up 9.1% YoY; the pension deficit reduced by £1.0m to £4.0m.

Transformation and growth plans

• Manufacturing facility investment is nearing completion, with increased capacity and quality capabilities, AI imagery and inspection technology, and improved operational efficiency; upgraded facility scheduled online in Q3 2025.

• Phase one investment supported new product launches Snowfall and Standing Stones, refreshes of Alaska, Academy, Tivoli and Balance Collection, and stronger intellectual property protection.

• A new Dubai sales showroom serves the GCC, MEA and India; new B2B channels, customer relationships and continued product development are part of the growth strategy.

• Strategic stock review reduced inventory by £2.8m in H2; a £3.2m trade finance facility remained unused at year-end.

Sustainability and market recognition

• Sustainability principles are embedded across product development, including carbon-neutral products, recycled materials, BioBase backing, renewable energy and a take-back service.

• Embodied carbon in products was reduced by 36%; independently verified product data helps customers quantify project carbon impact.

• Launched carbon-neutral Snowfall and Standing Stones and refreshed low-carbon ranges; product shade cards use recyclable eco-laminate.

• Burmatex won Manufacturer of the Year (under £25m) at the Made in Yorkshire awards and the sustainability category at the 2025 Yorkshire Business of the Year Awards.