AIREA (AIEA) H1 2026 earnings summary

Executive summary

• H1 revenue rose 10.2% YoY to £10.8m; operating profit was £0.5m and the period returned to profit.

• Sales growth reflected a strong UK and ROI performance and an international recovery; volume increased 7.4%.

• The major manufacturing investment is fully operational, supporting increased capacity, quality and operational improvement.

Financial highlights

• Revenue was £10.8m vs £9.8m; operating profit was £0.5m vs £0.3m.

• Profit before tax was £0.2m vs a £0.04m loss; net profit was £221k vs a £207k loss.

• Basic and diluted EPS was 0.57p vs a loss of 0.54p; EBITDA was £0.9m vs £0.7m.

• Net cash was £0.4m at period end vs nil in H1 2025.

Outlook and guidance

• Positive Q3 trading and a healthy order book; current trading is expected to continue through the remainder of the year.

• Production is expected to scale up in the coming months, with volume throughput and new product launches priorities for H2.

• Priorities include innovation, product development and sustainability, with a goal of sustainable profitable growth.

• The Board remains confident in long-term prospects while acknowledging uncertain global conditions.