AIREA (AIEA) AGM 2026 presentation summary

FY2025 performance and capital

• Revenue £21.4m vs £21.2m in 2024, up 1.0%; first-half sales grew 5.8%, while full-year UK/ROI sales rose 2.3% and international sales fell 4.0%.

• Operating profit £0.9m vs £0.7m; underlying operating profit £1.1m vs £1.6m; profit before tax £0.2m vs £0.1m.

• Net cash £1.2m vs £0.7m; cash and cash equivalents £2.0m vs £2.1m; proposed final dividend 1.00p vs 0.60p, up 66.7%.

• Working capital generated £626k; net capital expenditure was £4.864m; £4.15m proceeds from an investment property sale were used to settle all short-term lending.

• Bank facilities renewed in January 2026; funding includes a £3.2m trade finance facility and a £1.0m uncommitted overdraft.

Manufacturing investment and strategy

• Phase one of the manufacturing upgrade was in the final stages of commissioning, with phase two under evaluation; the investment is intended to expand capacity, speed and quality capabilities.

• AI imagery and inspection technology, alongside automation, is intended to increase throughput and improve operational efficiency; factory transformation was nearing completion after enhanced ISO audits.

• Staff upskilling and a OneTeam approach support strategic objectives to Grow, Renew and Evolve.

• A strategic sales showroom opened in Dubai in January 2025 to serve the GCC, MEA and India.

Products and sustainability

• Burmatex designs and manufactures British-made contract carpet tiles and planks, serving markets across Europe, the GCC, the wider Middle East, Africa and India.

• eco matters sustainability principles cover carbon-neutral products, positive environmental impact and responsible actions, including a take-back service and a net-zero journey.

• Launched carbon-neutral rocklines and surface trace, low-carbon threads, refreshed low-carbon armour and carbon-neutral eco-cordiale.

• Product embodied-carbon GWP fell 56.9% from 2021 to 2024; shade cards moved to eco-laminate with 100% recyclable card.

• Awarded Sustainable/Ethical Manufacturer of the Year at the 2026 Insider Media Made in Yorkshire Awards and advanced to the national finals as the region's representative.