AIREA

AIEA · AIM · Consumer Products and Services · mcap £10m · 25.5p

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Financials · LTM to 30 Jun 26

Source: results 29 Sep 26 ↗

Revenue: £22.4m
Operating profit: £1.1m
Net income: £1.4m
Free cash flow: −£3.3m
Net cash: £450k
Market cap: £10.0m
EV / EBIT: 10.7×
FCF yield: −33.1%
Price / book: 0.6×

Latest half-year · H1 26 vs H1 25 results 29 Sep 26 ↗

Revenue: £10.8m
Operating profit: £485k
Net income: £221k
Cash from operations: £427k

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures

Income statement Balance sheet Cash flow

Annual Half-yearly

Every line as the company printed it in the results of each period, newest first. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: H1 26 (six months to 30 Jun 26), published 29 Sep 26 · read the results ↗

	FY 25£000	FY 24£000
Revenue	21,447	21,234
Operating costs	(20,474)	(20,025)
Other operating income	180	355
Underlying operating profit before valuation gain	1,153	1,564
Non-recurring items	(237)	(911)
Operating profit before valuation gain	916	653
Unrealised valuation gain	-	40
Operating profit	916	693
Finance income	1	69
Finance costs	(706)	(699)
Profit before taxation	211	63
Taxation	771	(345)
Profit / (Loss) attributable to shareholders of the Group	982	(282)
Basic and diluted earnings per share for the Group	2.54p	(0.73p)

	H1 26	H2 25£000	H1 25
Revenue	10,793	11,630	9,817
Operating costs	(10,308)	(11,108)	(9,366)
Other operating income	-	2	178
Underlying operating profit	485	–	629
Non-recurring items	-	109	(346)
Operating profit	485	633	283
Finance income	7	1	-
Finance costs	(288)	(379)	(327)
Profit/(loss) before taxation	204	255	(44)
Taxation	17	934	(163)
Profit/(loss) attributable to shareholders of the Group	221	1,189	(207)
Earnings per share (basic and diluted) for the Group	0.57p	–	(0.54p)

	Latest Jun 26	FY 25	FY 24
Non-current assets
Property, plant and equipment	13,561	12,733	8,346
Intangible assets	80	97	46
Right-of-use asset	1,562	826	1,013
Deferred tax asset	696	1,593	1,557
Total non-current assets	15,899	15,249	10,962
Current assets
Investment property held for sale	–	-	4,100
Investment property held for resale	-	–	–
Inventories	6,616	5,465	4,855
Trade and other receivables	3,434	2,722	4,335
Cash and cash equivalents	739	2,012	2,063
Total current assets	10,789	10,199	15,353
Total assets	26,688	25,448	26,315
Current liabilities
Trade and other payables	(4,523)	(2,733)	(3,111)
Lease liabilities	(130)	(157)	(179)
Supply chain finance	(71)	–	–
Loans and borrowings	(230)	(323)	(404)
Total current liabilities	(4,954)	(3,213)	(3,694)
Non-current liabilities
Deferred tax	(2,167)	(2,010)	(2,334)
Pension deficit	(2,474)	(3,027)	(4,007)
Lease liabilities	(94)	(159)	(244)
Loans and borrowings	(59)	(175)	(500)
Total non-current liabilities	(4,794)	(5,371)	(7,085)
Total liabilities	(9,748)	(8,584)	(10,779)
Net assets	16,940	16,864	15,536
Equity
Called up share capital	10,339	10,339	10,339
Share premium account	504	504	504
Own s hares	(932)	(932)	(1,217)
Share-based payment reserve	276	276	317
Capital redemption reserve	3,617	3,617	3,617
Revaluation reserve	1,860	1,860	3,448
Retained earnings	1,276	1,200	(1,472)
Total equity	16,940	16,864	15,536

	H1 26	H2 25	H1 25	H2 24
Non-current assets
Property, plant and equipment	13,561	12,733	10,659	8,346
Intangible assets	80	97	35	46
Right-of-use asset	1,562	826	1,663	1,013
Deferred tax asset	696	1,593	963	1,557
Total non-current assets	15,899	15,249	13,320	10,962
Current assets
Investment property held for sale	–	-	–	4,100
Investment property held for resale	-	–	4,100	–
Inventories	6,616	5,465	6,651	4,855
Trade and other receivables	3,434	2,722	2,906	4,335
Cash and cash equivalents	739	2,012	1,839	2,063
Total current assets	10,789	10,199	15,496	15,353
Total assets	26,688	25,448	28,816	26,315
Current liabilities
Trade and other payables	(4,523)	(2,733)	(4,429)	(3,111)
Lease liabilities	(130)	(157)	(190)	(179)
Supply chain finance	(71)	–	(1,142)	–
Loans and borrowings	(230)	(323)	(413)	(404)
Total current liabilities	(4,954)	(3,213)	(6,174)	(3,694)
Non-current liabilities
Deferred tax	(2,167)	(2,010)	(2,540)	(2,334)
Pension deficit	(2,474)	(3,027)	(4,546)	(4,007)
Lease liabilities	(94)	(159)	(224)	(244)
Loans and borrowings	(59)	(175)	(290)	(500)
Total non-current liabilities	(4,794)	(5,371)	(7,600)	(7,085)
Total liabilities	(9,748)	(8,584)	(13,774)	(10,779)
Net assets	16,940	16,864	15,042	15,536
Equity
Called up share capital	10,339	10,339	10,339	10,339
Share premium account	504	504	504	504
Own s hares	(932)	(932)	(991)	(1,217)
Share-based payment reserve	276	276	448	317
Capital redemption reserve	3,617	3,617	3,617	3,617
Revaluation reserve	1,860	1,860	3,448	3,448
Retained earnings	1,276	1,200	(2,323)	(1,472)
Total equity	16,940	16,864	15,042	15,536

	FY 25£000	FY 24£000
Cash flows from operating activities
Profit / (Loss) for the year	982	(282)
Depreciation	484	345
Depreciation of right-of-use assets	279	44
Amortisation	28	33
Share-based payment (credit) / expense	(41)	167
Net finance costs	705	630
Tax (credit) / charge	(771)	345
Unrealised valuation gain	-	(40)
Profit on disposal of tangible fixed asset	-	(6)
Profit on disposal of investment property	(50)	-
Operating cash flows before movements in working capital	1,616	1,236
(Increase) / Decrease in inventories	(610)	898
Decrease / (Increase) in trade and other receivables	1,613	(1,179)
Decrease in trade and other payables	(377)	(683)
Cash generated from operations	2,242	272
Contributions to defined benefit pension scheme	(613)	(300)
Net cash generated / (used) from operating activities	1,629	(28)
Cash flows from investing activities
Payments to acquire intangible fixed assets	(79)	(14)
Payments to acquire tangible fixed assets	(4,785)	(2,204)
Receipt from the sale of tangible fixed assets	-	6
Net proceeds from the sale of investment property	4,150	-
Interest received	1	69
Net cash used in investing activities	(713)	(2,143)
Cash flows from financing activities
Interest paid on lease liabilities	(38)	(28)
Interest paid on borrowings	(93)	(121)
Proceeds from asset financing	-	661
Principal paid on lease liabilities	(199)	(209)
Equity dividend paid	(231)	(212)
Repayment of loans	(406)	(1,615)
Net cash used in financing activities	(967)	(1,524)
Net decrease in cash and cash equivalents	(51)	(3,695)
Cash and cash equivalents at start of the year	2,063	5,758
Cash and cash equivalents at end of the year	2,012	2,063

	H1 26	H2 25£000	H1 25
Cash flow from operating activities
Profit/(loss) for the period	221	–	(207)
Depreciation	243	255	229
Depreciation of right-of-use assets	130	136	143
Amortisation	17	16	12
Share-based payment expense/(credit)	-	–	131
Net f inance costs	281	–	327
Tax (credit)/charge	(17)	(934)	163
Profit on disposal of investment property	-	(50)	-
Operating cash flows before movements in working capital	875	818	798
Increase in inventory	(1,151)	–	(1,796)
(Increase)/Decrease in trade and other receivables	(712)	184	1,429
Increase/(Decrease) in trade and other payables	1,790	–	1,328
Cash generated from operations	802	483	1,759
Contributions to defined benefit pension scheme	(375)	(613)	-
Net cash generated from operating activities	427	–	1,759
Cash flows from investing activities
Payments to acquire intangible fixed assets	-	(79)	-
Payments to acquire tangible fixed assets	(1,062)	(2,243)	(2,542)
Receipt from sale investment property	-	–	-
Interest received	7	1	-
Net cash used in investing activities	(1,055)	1,829	(2,542)
Cash flows from financing activities
Interest paid on lease liabilities	(8)	(24)	(14)
Interest paid on borrowings	(12)	(72)	(21)
Interest paid on supply chain finance	-	–	(2)
Proceeds from supply chain finance	71	–	1,469
Principal paid on lease liabilities	(101)	(84)	(115)
Equity dividends paid	(386)	–	(231)
Repayment of supply chain finance	-	–	(327)
Repayment of loans	(209)	(206)	(200)
Net cash (used)/generated in financing activities	(645)	–	559
Net decrease in cash and cash equivalents	(1,273)	173	(224)
Cash and cash equivalents at start of the period	2,012	–	2,063
Cash and cash equivalents at end of the period	739	–	1,839

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Revenue	22.4	21.4	21.2
Adjusted operating profit	1.0	1.2	1.6
Exceptional / adjusting items	0.1	(0.2)	(0.9)
Operating profit	1.1	0.9	0.7
Depreciation (owned assets)	0.5	0.5	0.3
Depreciation (right-of-use)	0.3	0.3	0.0
Amortisation	0.0	0.0	0.0
Share-based payments	(0.2)	(0.0)	0.2
Operating profit to net income
Fair value gains / losses	–	–	0.0
Finance costs	(0.7)	(0.7)	(0.7)
Profit before tax	0.5	0.2	0.1
Tax	1.0	0.8	(0.3)
Net income (owners)	1.4	1.0	(0.3)
Per share
EPS basic	3.7p	2.5p	(0.7p)
EPS diluted	3.7p	2.5p	(0.7p)
Dividend per share	–	1.0p	0.6p

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Revenue	10.8	+10%	11.6	9.8
Adjusted operating profit	0.5	−23%	0.5	0.6
Exceptional / adjusting items	0.0	n/m	0.1	(0.3)
Operating profit	0.5	+71%	0.6	0.3
Depreciation (owned assets)	0.2	+6%	0.3	0.2
Depreciation (right-of-use)	0.1	−9%	0.1	0.1
Amortisation	0.0	n/m	0.0	0.0
Share-based payments	0.0	n/m	(0.2)	0.1
Operating profit to net income
Finance costs	(0.3)	−12%	(0.4)	(0.3)
Profit before tax	0.2	n/m	0.3	(0.0)
Tax	0.0	n/m	0.9	(0.2)
Net income (owners)	0.2	n/m	1.2	(0.2)
Per share
EPS basic	0.6p	–	3.1p	(0.5p)
EPS diluted	0.6p	–	3.1p	(0.5p)

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	0.3	1.6	(0.0)
Interest paid	–	(0.1)	(0.1)
Investing activities
Capex (PP&E)	(3.3)	(4.8)	(2.2)
Capex (intangibles)	(0.1)	(0.1)	(0.0)
Financing activities
Lease principal paid	(0.2)	(0.2)	(0.2)
Lease interest paid	(0.0)	(0.0)	(0.0)
Dividends paid	(0.4)	(0.2)	(0.2)

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	0.4	−76%	(0.1)	1.8
Investing activities
Capex (PP&E)	(1.1)	−58%	(2.2)	(2.5)
Capex (intangibles)	0.0	n/m	(0.1)	0.0
Financing activities
Lease principal paid	(0.1)	−12%	(0.1)	(0.1)
Lease interest paid	(0.0)	n/m	(0.0)	(0.0)
Dividends paid	(0.4)	+67%	0.0	(0.2)

	Latest Jun 26	FY 25	FY 24
Non-current assets
Other intangibles	0.1	0.1	0.0
Property, plant & equipment	13.6	12.7	8.3
Non-current assets	15.9	15.2	–
Current assets
Inventories	6.6	5.5	4.9
Trade receivables	3.4	2.7	4.3
Cash	0.7	2.0	2.1
Current assets	10.8	10.2	–
Total assets	26.7	25.4	26.3
Current liabilities
Trade payables	4.5	2.7	3.1
Borrowings, current	0.2	0.3	0.4
Lease liabilities, current	0.1	0.2	0.2
Current liabilities	5.0	3.2	–
Non-current liabilities
Borrowings, non-current	0.1	0.2	0.5
Lease liabilities, non-current	0.1	0.2	0.2
Pension surplus / (deficit)	(2.5)	(3.0)	(4.0)
Non-current liabilities	4.8	5.4	–
Total liabilities	9.7	8.6	10.8
Equity
Total equity	16.9	16.9	15.5
Net cash and other figures
Undrawn facilities	–	1.0	1.0

	H1 26	H2 25	H1 25	H2 24
Non-current assets
Other intangibles	0.1	0.1	0.0	0.0
Property, plant & equipment	13.6	12.7	10.7	8.3
Non-current assets	15.9	15.2	13.3	–
Current assets
Inventories	6.6	5.5	6.7	4.9
Trade receivables	3.4	2.7	2.9	4.3
Cash	0.7	2.0	1.8	2.1
Current assets	10.8	10.2	15.5	–
Total assets	26.7	25.4	28.8	26.3
Current liabilities
Trade payables	4.5	2.7	4.4	3.1
Borrowings, current	0.2	0.3	0.4	0.4
Lease liabilities, current	0.1	0.2	0.2	0.2
Current liabilities	5.0	3.2	6.2	–
Non-current liabilities
Borrowings, non-current	0.1	0.2	0.3	0.5
Lease liabilities, non-current	0.1	0.2	0.2	0.2
Pension surplus / (deficit)	(2.5)	(3.0)	(4.5)	(4.0)
Non-current liabilities	4.8	5.4	7.6	–
Total liabilities	9.7	8.6	13.8	10.8
Equity
Total equity	16.9	16.9	15.0	15.5
Net cash and other figures
Undrawn facilities	–	1.0	–	1.0

Read automatically from each results announcement. Check the source before relying on a figure.

Company filings. Not investment advice.