**Summary of AIREA PLC Interim Results for the Six Months Ended 30 June 2025**
**Financial Performance**
**Revenue Growth** Group revenue increased by 5.8% to £9.82 million (2024: £9.28 million), driven by strong sales in the UK and ROI, which grew by 7.3%.
**Profitability** Underlying operating profit rose by 30.5% to £0.629 million (2024: £0.482 million), while operating profit increased by 31.6% to £0.283 million (2024: £0.215 million).
**EBITDA** Increased to £0.667 million (2024: £0.622 million).
**Cash Flow** Cash generated from operations improved significantly to £1.759 million (2024: (£0.928 million)).
**Operational Highlights**
**Manufacturing Investment** A major investment in a new manufacturing facility is progressing, with an additional £0.8 million approved to enhance its capabilities. The facility is now expected to be fully operational by the end of 2025, slightly delayed from the original timeline.
**Product Innovation** Successfully launched two new carbon-neutral products, reinforcing the company’s commitment to sustainability.
**International Expansion** Opened a sales office in Dubai, generating encouraging interest and re-establishing the Burmatex® brand in the Middle East.
**Strategic Developments**
**Order Book** The order book remains healthy, and the pipeline is strengthening, with several innovative product launches planned for the second half of the year.
**Pension Scheme** The defined benefit pension scheme deficit increased by £0.5 million to £4.5 million, with a recovery plan in place and contributions being made as agreed.
**Divestment** Advanced negotiations are underway to divest an investment property with a carrying value of £4.1 million.
**Management Commentary**
**Chairman’s Statement** Martin Toogood highlighted the encouraging first half, with strong sales growth and operational progress. The Board remains confident in the long-term prospects for profitable growth.
**CEO’s Statement** Médéric Payne emphasized the strong performance in the UK and ROI, the progress on the manufacturing facility, and the focus on cash preservation. No interim dividend was proposed.
**Outlook**
The Group has started the third quarter with positive trading, supported by a strong order book.
Continued focus on expanding international presence, particularly in Dubai.
Short-term priority is the successful commissioning of the new manufacturing facility, which is pivotal to the business transformation.
**Financial Position**
**Net Assets** Total net assets stood at £15.042 million (2024: £15.875 million).
**Cash and Liquidity** Net cash was neutral, with access to additional liquidity via an unutilised banking facility of £1.0 million.
**Conclusion**
AIREA PLC delivered a robust first-half performance, marked by revenue growth, improved profitability, and strategic operational advancements. Despite challenges, the company remains focused on long-term growth, innovation, and sustainability, with a strong pipeline and ongoing investments in manufacturing and international markets.