REG - Airea PLC - AGM Statement

AireaAnnouncement

06/05/2026 14:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260506:nRSF2442Da&default-theme=true

RNS Number : 2442D  Airea PLC  06 May 2026

6 May 2026

AIREA plc

 

("AIREA", the "Group" or the "Company")

 

AGM Statement

 

AIREA plc (AIM: AIEA), the UK design-led specialist flooring company,
supplying both the UK and international markets, will hold its Annual General
Meeting ("AGM") today at 2.00 p.m. at Victoria Mills, The Green, Ossett, WF5
0AN.

 

Martin Toogood, Non-Executive Chairman, will provide the following update at
today's meeting:

"It is my pleasure to welcome you to the seventy-second AGM of AIREA plc. As
Non-Executive Chairman, I am joined by Médéric Payne, Chief Executive
Officer, Conleth Campbell, Chief Financial Officer and Company Secretary and
Tanya Ashton, Non-Executive Director. Together, the Board continues to provide
a strong blend of leadership, financial, operational and sustainability
expertise to support the Group's long-term strategy.

 

"I am pleased to report a year of progress in 2025. The Group delivered a
solid performance in the year despite the ongoing global economic and
geopolitical challenges. While trading was strong in the first half, momentum
slowed in the second half as confidence weakened amid uncertainty relating to
the UK government's November budget.

 

"Sales for the year were 1.0% ahead of the prior year. Operating profit
increased by 32.0% to £0.9m, reflecting an improving product mix and
continued cost discipline. Cash management was strong in the year and,
following the divestment of the Group's investment property, all bank debt was
fully repaid, thereby strengthening the Group's cash position considerably.
The Group is proposing a dividend of 1.0 pence per share, an increase of
66.7%, in line with its progressive dividend policy.

 

"Investment continued in the year in enhancing the Group's manufacturing
capabilities with the new facility expected to be fully operational in the
coming months. There has been no significant operational impact on the
business whilst work on the facility has been ongoing. This new facility is
expected to operate in parallel with the existing facility throughout the busy
summer period before its planned decommissioning. With a total investment of
£6.8m in the new facility, the Group's manufacturing capabilities will be
significantly enhanced, providing a strong platform for building a more
sustainable, growth-focused business.

 

"The Board remains mindful of the ongoing global geopolitical tensions,
including in the Middle East. The Group's Dubai showroom continues to operate
without disruption and remains a low-cost strategic presence, providing a
gateway to markets across the Gulf Cooperation Council (GCC) countries, the
wider Middle East, Africa and India.

 

"It has been an encouraging start to the new financial year with revenue for
the four months to 30 April 2026 ahead of the prior year by 7.0%. Whilst
macroeconomic conditions remain uncertain, the Board remains confident in the
Group's prospects for the year ahead and delivering sustainable long-term
value for shareholders."

 

- Ends -

 

For further information please contact:

 

 AIREA plc                                   Tel: +44 (0) 192 426 6561

 Médéric Payne, Chief Executive Officer

 Conleth Campbell, Chief Financial Officer
 Singer Capital Markets                      Tel: +44 (0) 20 7496 3000

(Nominated Adviser and Sole Broker)

 Peter Steel / Anastassiya Eley
 Northstar Communications                    Tel: +44 (0) 113 730 3896

(Financial media and PR)

 Sarah Hollins

Notes to Editors

 

AIREA plc is a UK design-led specialist flooring company, supplying both UK
and international markets.  Since 2007, the Group has been focused solely on
floor coverings and enjoys a strong and growing brand position within the
commercial flooring market.

 

The Group's core brand Burmatex® is one of the UK's leading designers and
manufacturers of commercial carpet tiles and planks. Burmatex® focuses on the
design and creation of sustainable innovative flooring solutions to meet the
needs of architects, specifiers and contractors with a continuously developing
range to suit the education, leisure, commercial, hospitality and public
sectors. The brand was acquired by AIREA in 1984.

 

The Group was admitted to trading on AIM of the London Stock Exchange on 12
December 2007.

 

For further information, please visit: https://aireaplc.com/
(https://aireaplc.com/) .

 

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  AGMAKABNCBKKFPK



            Copyright 2019 Regulatory News Service, all rights reserved