AIREA (AIEA) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose 1.0% to £21.447m; operating profit before valuation gain increased to £0.916m from £0.653m, while underlying operating profit declined to £1.153m from £1.564m.

• Manufacturing transformation neared completion, with the new facility expected to be fully operational in the coming months.

Financial highlights

• Reported operating profit was £0.9m (2024: £0.7m); profit before tax was £0.211m (2024: £0.063m).

• EBITDA increased to £1.707m from £1.115m; non-recurring costs fell to £0.237m from £0.911m.

• Profit attributable to shareholders was £0.982m versus a £0.282m loss; EPS was 2.54p versus a loss of 0.73p.

• Cash generated from operations was £2.242m (2024: £0.272m); year-end cash was £2.012m (2024: £2.063m) and net cash rose to £1.2m from £0.7m.

• Proposed final dividend was 1.00p per share, up from 0.60p; no interim dividend was paid.

Outlook and guidance

• 2026 began encouragingly; the Board remained confident in prospects despite macro volatility and challenging global markets.

• The capital investment programme was due for completion in H1 2026; phase two of the manufacturing upgrade remained under evaluation.

• Continued investment in innovation, automation and sustainable product launches was expected to support long-term growth and new routes to market.