REG - Aeorema Comms Plc - Interim Results
Today 07:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250918:nRSR7834Za&default-theme=true
RNS Number : 7834Z Aeorema Communications Plc 18 September 2025
The information contained within this announcement is deemed by the Company to
constitute inside information for the purposes of Regulation 11 of the Market
Abuse (Amendment) (EU Exit) Regulations 2019/310.
Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media
18 September 2025
Aeorema Communications plc
('Aeorema', 'the Company' or 'the Group')
Interim Results
Aeorema Communications plc (AIM: AEO), a leading strategic communications
group, is pleased to announce its unaudited interim results for the 12 months
ended 30 June 2025. Comparative figures are the audited results for the year
ended 30 June 2024 ("FY2024").
Financial Highlights
• Record revenue of £20.4 million (FY2024: £20.3 million)
• Underlying profit before taxation of £615,000 (FY2024: £437,000)*
• Reported profit before taxation of £366,000 (FY2024: £437,000), after
restructuring costs
• Strong cash position with £3.1 million at 30 June 2025 (30 June 2024: £3.1
million). Average cash balance during the 12 months of £2.1 million
• Interim dividend of 3p per share declared for the 12 months to 30 June 2025
• Cost reduction and rebalancing programme nearly completed, creating a leaner
cost base ahead of FY2026
Operational Highlights
• Record performance at Cannes Lions 2025, with exceptional project retention,
new client wins and unprecedented re-bookings already confirmed for 2026
• Expanding international presence with new opportunities at CES Las Vegas, the
World Economic Forum in Davos, and other major tentpole events
• Industry recognition with multiple awards in the period, including a third
consecutive win at the 2025 micebook Awards and Cheerful Twentyfirst being
named C&IT Global Agency of the Year 2024
• Board of Directors strengthened with the appointment of Alan Charlton as a
Non-Executive Director
Outlook
• Strong forward visibility, with contracts already signed or in advanced
negotiation for 2026 at encouraging levels
• Focus on margin enhancement and efficiency in FY2026, following the completion
of the cost reduction and rebalancing programme
Chairman's Statement
I am pleased to present Aeorema Communications plc's interim results for the
twelve months ended 30 June 2025 and to provide an update on the Company's
progress during this transitional period.
For the period we delivered record revenue of £20.4 million (FY2024: £20.3
million), with an underlying profit before taxation of £615,000 (FY2024:
£437,000) and a reported profit before taxation of £366,000 (FY2024:
£437,000). These results, which are at the upper end of earlier expectations,
reflect the Group's creative excellence, the strength of our client
relationships, and our ability to deliver outstanding live experiences across
global markets.
As highlighted in our results for the six months to 31 December 2024 (as
announced on 26 March 2025), we had begun to see the early benefits of our
cost-reduction and rebalancing programme and noted that our pipeline was
weighted towards the second half of the financial year. I am pleased to
confirm that this has materialised. The programme optimised operations and
established a leaner cost base, positioning the Group to enhance efficiency
and profitability in FY2026.
Our cash position remains strong, with a balance of £3.1 million at 30 June
2025 (30 June 2024: £3.1 million) and an average over the 12 months of £2.1
million. This resilience enables us to continue investing in our operations
while maintaining our commitment to shareholder returns.
In line with that commitment, the Board has declared an interim dividend of 3
pence per share in respect of the 12 months to 30 June 2025. This maintains
our stated policy of rewarding shareholders without waiting until the
conclusion of the extended 18-month reporting period ending 31 December 2025.
The dividend will be paid on 24 November 2025, with a record date of 31
October 2025 and an ex-dividend date of 30 October 2025.
Operationally, the Group continues to gain significant traction in
international markets, reinforcing its reputation as a leader in strategic
communications and live experiences. Cannes Lions Festival of Creativity has
long been the cornerstone of our creative and delivery capabilities, and 2025
was another year of strong performance, with further growth, client
diversification, and strengthened partnerships with global brands and
agencies. Most notably, an unprecedented number of client renewals have
already been confirmed for 2026. Our consistent excellence at Cannes is also
opening doors to other major international events, including the World
Economic Forum in Davos, Art Basel Miami, CES in Las Vegas and SXSW Austin,
broadening our commercial footprint and creating significant global
opportunities for Aeorema.
Our industry leadership has also been recognised during the period, with
multiple award wins including a third consecutive micebook Award in 2025 and
Cheerful Twentyfirst being named C&IT Global Agency of the Year 2024.
These accolades further strengthen our position as a trusted creative partner
to leading global brands.
In addition, we strengthened our Board during the period with the appointment
of Alan Charlton as a Non-Executive Director. Alan brings a wealth of
experience in business strategy, operational performance, cost efficiency,
mergers & acquisitions, and shareholder value creation. His insight and
guidance will be invaluable as we continue to build a stronger, more resilient
Group.
These achievements show a business going from strength to strength,
underpinned by clear strategic direction, operational focus, and a consistent
reputation for excellence. As a result, we continue to see strong client
engagement and sustained demand across our core markets.
Looking ahead, contracts already signed or in advanced negotiation for 2026
are at encouraging levels, giving us visibility well into next year. With
restructuring nearing completion and momentum in our markets continuing, we
believe we are now in a position to provide guidance for the financial year
ending 31 December 2026.
We are set fair to deliver on our ambitions, with positive trading momentum, a
strong client base, and a sharpened operating model. While we remain mindful
that political uncertainty and potential economic turmoil could impact our
clients' investment decisions, our strategy remains focused on ensuring
Aeorema delivers sustainable growth, resilience, and creative excellence.
On behalf of the Board, I would like to thank our teams across the Group for
their hard work and our shareholders for their continued support.
Mike Hale
Chairman
17 September 2025
* The underlying profit is calculated by adding back the restructuring costs,
including redundancy and other costs associated with the restructuring during
the 12 month period.
For further information on the Company please visit www.aeorema.com
(http://www.aeorema.com/) or contact:
Aeorema Communications plc Tel: +44 (0) 20 7291 0444
Andrew Harvey
Allenby Capital Limited (Nominated Adviser & Broker) Tel: +44 (0)20 3328 5656
John Depasquale / Lauren Wright (Corporate Finance)
Kelly Gardiner / Joscelin Pinnington (Sales & Corporate Broking)
St Brides Partners Ltd (Financial PR) aeorema@stbridespartners.co.uk (mailto:aeorema@stbridespartners.co.uk)
Paul Dulieu / Isabel de Salis / William Turner
Notes to Editors
Aeorema Communications plc, (AIM: AEO) is a leading strategic communications
group with offices in London, New York and Amsterdam. The Group provides
bespoke event services, comprising live, virtual, and hybrid experiences to an
established international blue-chip client base spanning a broad range of
sectors, including finance, professional services, advertising, IT, gaming,
fashion, fintech, and beverages. The Group also provides high level
consultancy services to help clients maximise and deliver on their long-term
communication strategies over multiple event and film touchpoints.
Aeorema delivers these services via its fully owned companies Cheerful
Twentyfirst and Cheerful Twentyfirst, Inc. (the North American arm of Cheerful
Twentyfirst) (www.cheerfultwentyfirst.com
(http://www.cheerfultwentyfirst.com/) ), two live events agencies with film
capabilities that specialise in devising and delivering corporate
communication solutions. The Group also operates Eventful Limited
(www.eventful.co.uk (https://www.eventful.co.uk) ), which provides
consultative, high-touch services including assisting clients with venue
sourcing, event management and incentive travel. With more than 56 years of
combined operating experience and extensive award wins, Aeorema is a
recognised industry thought leader.
Central to all that the Group does is its Corporate Social Responsibility
charter, which is focussed on ensuring sustainable, inclusive and ethical
business operations. To this end, the Group is a pioneer in delivering
innovative strategies and services, including a client carbon measurement
programme to establish a formal structure and approach around reducing
emissions and offsetting both its own and its clients' carbon footprint.
AEOREMA COMMUNICATIONS PLC
CONDENSED CONSOLIDATED INCOME STATEMENT
For the period ended 30 June 2025
Unaudited Audited
12 Months to 30 June Year to
2025 30 June
2024
Notes £ £
Continuing Operations
Revenue 20,406,298 20,288,799
Cost of sales (17,039,342) (16,513,827)
Gross profit 3,366,956 3,774,972
Administrative expenses (3,017,619) (3,334,224)
Operating profit / (loss) 349,337 440,748
Finance income 45,887 35,967
Finance costs (29,191) (39,787)
Profit / (loss) before taxation 366,033 436,928
Taxation 4 (127,914) (140,221)
Profit / (loss) for the period from continuing operations
238,119 296,707
Other comprehensive income
Items that may be reclassified to profit or loss
Exchange differences on translation of foreign entities (127,979) (88,632)
Other comprehensive income for the period (127,979) (88,632)
Total comprehensive income for the period 110,140 208,075
Basic and diluted earnings per share from continuing operations
Basic (pence) 5 2.47 3.18
Diluted (pence) 5 2.20 2.69
AEOREMA COMMUNICATIONS PLC
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
For the period ended 30 June 2025
Unaudited Audited
12 Months to 30 June Year to
2025 30 June
2024
£ £
Non-current assets
Intangible assets 564,348 564,348
Property, plant and equipment 351,546 344,827
Right-to-use assets 443,378 570,182
Deferred taxation - -
1,359,272 1,479,357
Current assets
Trade and other receivables 6,288,111 4,422,020
Corporation tax receivable 81,189 -
Cash and cash equivalents 3,101,576 3,119,353
9,470,876 7,541,373
Total assets 10,830,148 9,020,730
Current liabilities
Trade and other payables 7,359,907 5,371,049
Lease liabilities 119,661 113,201
Bank loans - 27,778
Current tax payable - 118,973
Provisions 35,000 35,000
7,514,568 5,666,001
Non-current liabilities
Lease liabilities 381,091 500,814
Provisions 31,500 22,500
Deferred taxation 185,735 25,690
598,326 549,004
Total liabilities 8,112,894 6,215,005
Net assets 2,717,254 2,805,725
Equity attributable to equity holder:
Share capital 1,211,625 1,192,250
Share premium 47,451 21,876
Merger reserve 16,650 16,650
Other reserve 350,038 302,809
Capital redemption reserve 257,812 257,812
Foreign translation reserve (304,855) (176,876)
Retained earnings 1,138,533 1,191,204
Total equity 2,717,254 2,805,725
AEOREMA COMMUNICATIONS PLC
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
For the period ended 30 June 2025
Share capital Share Merger reserve Other reserve Capital redemption reserve Foreign translation reserve Retained earnings Total equity
premium
£ £ £ £ £ £ £ £
At 1 July 2023 1,192,250 21,876 16,650 233,375 257,812 (88,244) 1,180,637 2,814,356
Comprehensive income for the period - - - - - - 296,707 296,707
Dividend paid (286,140) (286,140)
Foreign currency translation - - - - - (88,632) - (88,632)
Share-based payments - - - 69,434 - - - 69,434
At 30 June 2024 1,192,250 21,876 16,650 302,809 257,812 (176,876) 1,191,204 2,805,725
At 1 July 2024 1,192,250 21,876 16,650 302,809 257,812 (176,876) 1,191,204 2,805,725
Comprehensive income for the period - - - - - - 238,119 238,119
Dividend - - - - - - (290,790) (290,790)
Foreign currency translation - - - - - (127,979) - (127,979)
Share-based payments - - - 47,229 - - - 47,229
Share issue 19,375 25,575 - - - - - 44,950
At 30 June 2025 1,211,625 47,451 16,650 350,038 257,812 (304,855) 1,138,533 2,717,254
AEOREMA COMMUNICATIONS PLC
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
For the period ended 30 June 2025
Unaudited Audited
12 Months to 30 June Year to
2025 30 June
2024
£ £
Cash flow from operating activities
(Loss) / profit before taxation 366,033 436,928
Adjustments for:
Depreciation of property, plant and equipment 116,305 137,105
Depreciation of right-of-use assets 126,804 126,804
Amortisation of intangible fixed assets - 2,083
Loss on disposal of fixed assets - 1,288
Share-based payment 47,229 69,434
Interest on lease liabilities 28,737 34,264
Finance income (45,887) (35,967)
Dilapidations 9,000 9,000
Exchange rate differences on translation (127,979) (88,632)
Operating cash flow before movement in working capital 520,242 692,307
Increase/(decrease) in trade and other payables 1,988,858 1,488,111
(Increase)/decrease in trade and other receivables (1,866,091) (919,497)
Cash generated / (used in) from operating activities 643,009 1,260,921
Taxation paid (168,031) (55,451)
Cash flow from investing activities
Finance income 45,887 35,967
Purchase of property, plant and equipment (123,024) (54,711)
Repayment of leasing liabilities (142,000) (142,000)
Net cash used in investing activities (219,137) (160,744)
Cash flow from financing activities
Share issue 44,950 -
Dividends paid to owners of the company (290,790) (286,140)
Repayment of bank loans (27,778) (83,333)
Net cash used in financing activities (273,618) (369,473)
Net (decrease) / increase in cash and cash equivalents (17,777) 675,253
Cash and cash equivalents at beginning of period 3,119,353 2,444,100
Cash and cash equivalents at end of period 3,101,576 3,119,353
AEOREMA COMMUNICATIONS PLC
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
For the period ended 30 June 2025
1. General information
Aeorema Communications plc is a public limited company incorporated within the
United Kingdom. The company is domiciled in the United Kingdom and its
principal place of business is 87 New Cavendish Street, London, W1W 6XD. The
Company's ordinary shares are traded on the AIM market of the London Stock
Exchange.
These condensed consolidated interim financial statements for the 12 month
period ending 30 June 2025 (including comparatives for the year ended 30 June
2024) were approved by the board of directors on 17 September 2025.
The financial information set out in this interim report does not constitute
statutory accounts for the purposes of section 434 of the Companies Act
(2006). The Group's statutory financial statements for the year ended 30 June
2024, prepared under International Financial Reporting Standards (IFRS), have
been filed with the Registrar of Companies. The auditor's report for those
financial statements was unqualified and did not contain a statement under
section 498 (2) or section 498 (3) of the Companies Act (2006).
The interim financial statements have been prepared using the accounting
policies set out in the Group's 2024 statutory accounts and have not been
audited.
Copies of the annual statutory financial statements and the interim report can
be found on our website at www.aeorema.com.
2. Basis of preparation
These condensed consolidated interim financial statements for the 12 month
period ended 30 June 2025 have been prepared in accordance with IAS 34,
'Interim Financial Reporting' as adopted by the United Kingdom. The interim
condensed consolidated financial statements should be read in conjunction with
the annual financial statements for the year ended 30 June 2024, which have
been prepared in accordance with IFRS as adopted by the United Kingdom.
3. Revenue and segmental results
The Company uses several factors in identifying and analysing reportable
segments, including the basis of organisation such as differences in products
and geographical areas. The Board of Directors, being the chief operating
decision makers, has determined that for the 12 month period ended 30 June
2025 there is only one reportable operating segment.
4. Income tax charge
Income period tax is accrued based on the estimated average annual effective
income tax rate of 25 per cent (2024: 25 per cent).
5. Earnings per share
Basic earnings per share is calculated by dividing the profit attributable to
ordinary shareholders by the weighted average number of ordinary shares
outstanding during the year.
Diluted earnings per share are calculated by dividing the profit attributable
to ordinary owners of the parent by the weighted average number of ordinary
shares outstanding during the year plus the weighted average number of
ordinary shares that would have been issued on the conversion of all dilutive
potential ordinary shares into ordinary shares.
The following reflects the income and share data used and dilutive earnings
per share computations:
Unaudited 12 Months to 30 June 2025 Audited Year to 30 June 2024
Profit / (loss) for the year attributable to owners of the Company £238,119 £296,707
Number of shares
Basic weighted average number of shares 9,628,417 9,538,000
Effect of dilutive share options 1,215,000 1,493,000
Diluted weighted average number of shares 10,843,417 11,031,000
6. Dividends
During the interim period a dividend of 3 pence per share (2024: 3 pence per
share) was declared and paid to holders of the Company's ordinary shares in
respect of the full year ended 30 June 2024.
7. Related party transactions
The Group has a related party relationship with its subsidiaries and its
directors. Transactions between Group companies, which are related parties,
have been eliminated on consolidation and are therefore not included in these
consolidated interim financial statements.
Unaudited 12 months to 30 June 2025 Audited Year to 30 June
2024
£ £
Subsidiaries
Amounts owed by/(to) subsidiaries 747,404 744,072
Amounts owed by/(to) subsidiaries 747,404 744,072
Harris & Trotter LLP is a firm in which S Haffner is a member. The
following was charged to the Group in respect of professional services.
Unaudited 12 months to 30 June 2025 Audited Year to 30 June
2024
Harris & Trotter LLP £ £
Aeorema Communications plc 11,154 20,000
Aeorema Limited 12,200 14,400
23,354 34,400
Fees charged to Aeorema Communications plc include £11,154 (2024: £20,000)
for the services of S Haffner as a non-executive director of that company. S
Haffner resigned as a non-executive director of Aeorema Communications plc on
21 January 2025.
The compensation of key management (including directors) of the Group is as
follows:
Unaudited 12 months to 30 June 2025 Audited Year to 30 June
2024
£ £
Short-term employee benefits 406,359 482,718
Post-employment benefits 18,000 18,000
424,359 500,718
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END IR PKOBKCBKDCCDRecent news on Aeorema Communications
See all newsREG - Aeorema Comms Plc - Interim Results
AnnouncementREG - Aeorema Comms Plc - Grant of Options
AnnouncementREG - Aeorema Comms Plc - Trading Update for 12 months ended 30 June 2025
AnnouncementRCS - Aeorema Comms Plc - Cheerful Twentyfirst Wins Top Creative Award
AnnouncementREG - Aeorema Comms Plc - Commencement of share buyback programme
Announcement