REG - Autins Group PLC - Interim Results
25/11/2025 07:00
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RNS Number : 8051I Autins Group PLC 25 November 2025
25 November 2025
Autins Group plc
("Autins" the "Company" or the "Group")
Interim Results
Autins Group plc (AIM: AUTG), the UK and European based manufacturer of the
proprietary Neptune melt-blown material and specialist in the design,
manufacture, and supply of acoustic and thermal insulation solutions,
announces its unaudited interim results for the six months ended 30 September
2025 ("H1 2026").
Highlights
In the six months ended 30 September 2025, the Company continued to focus on
implementing its "Survive and Thrive" strategy, yielding positive results. The
Group has focussed on winning new business in the UK and Germany, alongside
cost control and efficiency improvements across the business.
However, during the period the Group's largest UK customer experienced a
significant cyber incident which resulted in a complete suspension of vehicle
production for the month of September. Production had not resumed by the end
of the reporting period (see Post-Period Events), and this disruption had a
material impact on the Group's operations.
Notwithstanding this, the Group continued to benefit from the delivery of its
"Survive and Thrive" strategy, achieving improved gross margins, stronger
EBITDA performance and a materially reduced net loss compared with the prior
period. Across the Group, we secured new business awards of more than £16m
over contract life (detailed below).
In the UK, operational efficiencies from Neptune improvements, lower
overheads, and continued cost discipline supported performance. We delivered
the first off tool production for our awarded auDuct and auTrim programmes
during the period with volumes commencing in FY2027, as well as being awarded
new business contracts totalling approximately £7.8 million over contract
life.
The Group's German operations were profitable at the operating level,
reflecting improved efficiencies, higher EV volumes, and the benefits of
ongoing business diversification. New business awards in Germany totalled
€7.2 million over contract life.
The Swedish business also delivered an operating profit, supported by a
growing opportunity pipeline and the start of production on a €2.45 million
contract over lifetime, with potential for additional volumes from the same
customer.
Post-Period Events and Outlook
Following the period end, the Group's major UK customer resumed vehicle
production in late October, with volumes returning to more normal levels
during November. While the immediate recovery in demand is encouraging, the
Board continues to monitor the position closely, including any potential
delays or volume fluctuations in the second half of the financial year.
In October 2025, we secured a temporary overdraft facility of £250k to
support the short term cash flow needs of our business during the immediate
impact of the cyber-attack on our major UK customer. This facility currently
remains undrawn.
The Group continued to secure new business across all geographies, both from
existing and new customers, and has maintained progress in strengthening its
operational and financial foundations.
Following a challenging first half, the Board remains confident that the
actions taken under the "Survive and Thrive" strategy have positioned the
Group well for recovery. A return to profitability in the second half of
FY2026 will be dependent on the sustained normalisation of demand from the
Group's major UK customer, supported by the continued delivery of efficiency
improvements, new business wins and disciplined cost management we have been
delivering.
On this basis, we enter the second half of the year with good momentum and
remain on track to deliver FY2026 revenue and profit in line with market
expectations.(1) Looking ahead to FY2027, the Board remains confident that the
start of production of the Group's new business awards will underpin further
growth in both revenue and profitability. This reflects the strong demand for
our Neptune material, particularly within the German automotive market.
(1) The Company understands market forecasts for FY26 to be revenue of £20.0
million and adjusted EBITDA of £2.3 million.
( )
Financial Summary (six months ended 30 September 2025)
· Revenue in H1 2026 decreased by 12.3% to £8.59m (H1 2025: £9.79m)
· Gross profit in H1 2026 decreased by 4.6% to £2.90m (H1 2025: £3.04m)
· Gross margins increased to 33.7% (H1 2025: 31.1%)
· Adjusted EBITDA(1) increased 46.5% to £0.65m (H1 2025: £0.44m)
· Loss after tax of £0.59m (H1 2025: loss of £0.79m)
· Loss per share of 1.08p (H1 2025: loss per share of 1.45p)
· Operating cashflow was a £0.31m net inflow (H1 2025: £0.58m net
inflow)
· Net debt(2) excluding IFRS16 lease liabilities increased to £1.78m (H1
2025: £1.18m)
· Cash and cash equivalents were £0.09m (H1 2025: £1.68m)
· Group cash headroom(3) was £1.52m (H1 2025: £3.47m)
1: Adjusted EBITDA is stated on an IFRS 16 basis and before exceptional
items.
2. Net debt is cash less bank overdrafts, loans, invoice discounting, hire
purchase finance and excludes right of use lease liabilities.
3. Sum of net cash at bank, bank overdrafts and residual invoice financing
capacity.
Andy Bloomer, Chief Executive Officer, said:
"While the last six months have presented exceptional challenges, I am proud
of how the business has responded. Our improved margins and profitability,
despite lower sales volumes, underline the strength of our operational
discipline and the resilience of our strategy.
With our key customer returning to production and early signs of stability
coming in our markets, we remain confident in our ability to build on this
progress through the second half of the year.
Continuing to win new business is critical for our future success and our
contract awards in this period along with a strengthening of our pipeline
demonstrate our ability to be successful even in a highly challenging market
environment. The commitment of our people and the continued success of our
'Survive and Thrive' strategy gives us a solid foundation for long-term
growth, driving profitability in future years.
The impact of the recent cyber incident affecting our UK customer, while
significant, is expected to be temporary and manageable for the Group. As a
result, the Board continues to believe that the Group's growth plans and
long-term profit potential remain intact."
For further information please contact:
Autins Group plc
Andy Bloomer, Chief Executive Via Singer Capital Markets
Des Dimitrov, Chief Financial Officer
Singer Capital Markets Tel: 020 7496 3000
(Nominated Adviser and Broker)
Asha Chotai
About Autins
Autins is a UK and continental Europe based industrial materials technology
business that specialises in the design, manufacture, and supply of acoustic
and thermal products. Its key markets are automotive, flooring, office
furniture and commercial vehicles where it supplies products and services to
more than 160 customer locations across Europe.
Autins is the UK and European manufacturer of its proprietary Neptune
melt-blown material and specialises in the design, manufacture, and supply of
acoustic and thermal insulation solutions.
Financial Review
Revenue
Sales across the Group decreased by 12.3% to £8.59m (H1 2025: £9.79m).
Revenue in the UK in the period decreased by 20.3% to £4.91m (H1 2025:
£6.16m), the reduction due to the cyber incident at our major customer
impacting our component sales. Tooling sales at £0.33m (H1 2025: £0.07m)
increased due to new projects for components to be supplied in 2026 and
beyond.
Sales through our European operations accounted for 43% of Group turnover in
the period, higher than the 37% in the comparative period in 2025, again
primarily caused by the loss of revenue in the UK in September 2025.
Within our German entity automotive sales increased by 12.7% to £2.57m (H1
2025: £2.28m), and flooring sales declined by 34.8% to £0.43m (H1 2025:
£0.66m). Overall, these fluctuations resulted in a 2% increase in the sales
of our German subsidiary to £3.00m (H1 2025: £2.94m).
Sweden automotive sales were at the same level as the comparative six month
period at £0.68m (H1 2025: £0.70m).
Sales concentration directly to our largest customer decreased to 25.8% from
31.7% in H1 2025, driven primarily by the reduction in demand from that
customer, predominantly caused by the cyber incident.
Gross margin
The actions taken to improve operational efficiencies and lower material
purchasing costs have continued to improve margins with an increase of 2.6
percentage points to 33.7% for H1 2026 compared to the prior year comparative
period.
Adjusted EBITDA and operating profit
The H1 2026 adjusted EBITDA was 46.5% higher at £0.65m (H1 2025: adjusted
EBITDA of £0.44m) and the adjusted operating loss of £0.37m H1 (2025:
adjusted operating loss of £0.56m). This improvement is due to continued
reductions in our overheads prior to exceptional costs, which were £3.3
million compared to £3.6 million in the prior year comparative period.
Net finance expense
There is a gradual reduction in the bank interest expense as we continue
repaying our loans.
Taxation
Given the continuing economic conditions, none of the losses carried forward
are recognised in deferred tax balances, consistent with the judgement made at
31 March 2025.
Dividends
The Board continues to believe that during the current period of economic
uncertainty a suspension in dividend payments remains appropriate. As such,
no interim dividend is proposed.
Net debt and financing
The Group ended the period with net debt (being the net of cash and cash
equivalents and the loans and borrowings, excluding right of use lease
liabilities) of £1.78m (H1 2025: £1.18m). Including £5.06m (H1 2025:
£6.11m) arising from right of use lease liabilities, the Group's net debt
would be £6.84m (H1 2025: £7.29m). Net debt has increased as a result of the
trading performance in the period and an increase in working capital balances.
Cash and cash equivalents at the period end were £0.09m (H1 2025: £1.68m).
The Group's UK HSBC facilities provided up to £3.5m (H1 2025: £3.5m) of
invoice financing facility (subject to available accounts receivable
balances). Group cash headroom, being the sum of net cash at bank, bank
overdrafts in the UK, Germany and Sweden and residual invoice financing
capacity, was £1.52m (H1 2025: £3.47m) at the period end. This reduction
was predominantly due to two factors: the significant short term reduction
in invoicing caused by the UK customer cyber attack and the continued
repayment of our MEIF and CBILS loans. The HSBC CBILS loan is being repaid
quarterly, in accordance with its agreed terms and is due to be fully repaid
by July 2026. Maven Capital Partners, providers of the MEIF loan, agreed
in June 2024 to a revised repayment profile, being £0.25m in each of July
2024, December 2024 and July 2025, all of which have now been paid, with the
remaining £0.75m being deferred until January 2026. The HSBC CBILS loan
agreement contains financial covenants which have been adhered to since they
were renegotiated in June 2024.
Capital expenditure
The Group invested, excluding IFRS16 additions, £0.12m (H1 2025: £0.10m) in
its operating facilities during the period.
Employees
In the UK, we continue working with a banked hours scheme to align surety of workers' pay against volatile customer demand patterns. During the period, this remained increasingly important due to the cyber incident affecting our major customer.
Production pay rates have been improved by more than 6.7% (linked to UK minimum wage increases) and improving net take home pay for all staff.
Going Concern
In approving this Interim Financial Information, the Board has considered
current and future trading and profit and cash flow forecasts through to March
2027 and assessed existing borrowings and available sources of finance. Lender
covenants and repayment profiles were renegotiated in June 2024 as noted
above. The Group's liquidity remains healthy, with cash headroom being £1.1m
as at 31 October 2025.
The trading forecasts take into consideration:
· the current and expected demand schedules from the Group's key
automotive customers, taking account of the cyber incident at our major UK
customer and the levels of enquiries for new business;
· the impact of current and future expected demand levels for new
vehicles, the migration to EVs and publicly available forward looking market
information on market sizes and dynamics;
· the current cost structure of the Group and an allowance for known
increases, for example in relation to additional investment and resources
required to fulfil new product and customer sales, and various projects to
improve efficiency in the operational and procurement processes;
· the latest agreed lender repayment profiles together with a
consideration of the latest covenant requirements; and
· discussions with our UK lenders following the cyber incident at our
major UK customer and the impact that has had on our trading and cash flow
performance. HSBC has provided the Group with a temporary overdraft facility
of £250,000 to ease any potential short term cash flow issues. The UK lenders
are also working with the Group to potentially extend the repayment profile of
their outstanding loans. The Board are confident these discussions will be
concluded satisfactorily.
The key sensitivities in the trading forecasts are automotive revenue levels,
end market vehicle sales mix and the timing of orders placed by customers.
These sensitivities have been factored into the forecasts, and reasonable
contingency has also been modelled.
Having due regard to all the matters described above, the Board has a
reasonable expectation that the Group will continue to have adequate resources
to remain in operation for at least 12 months after the release of this
Interim Financial Information. The Board has therefore concluded to adopt the
going concern basis in preparing this Interim Financial Information.
Interim Consolidated Income Statement
Unaudited Unaudited Audited
6 months 6 months 18 months
ended ended ended
Notes 30/09/2025 30/09/2024 31/03/2025
£'000 £'000 £'000
Revenue 2 8,594 9,788 31,106
Cost of sales (5,696) (6,744) (21,198)
Gross profit 2,898 3,044 9,908
Other operating income 53 3 9
Selling and distribution expenses (250) (209) (564)
Administrative expenses excluding exceptional costs (3,071) (3,398) (10,082)
Exceptional administrative costs 3 - (23) (280)
Administrative expenses (3,071) (3,421) (10,362)
Operating loss before exceptional costs (370) (560) (729)
Exceptional costs - (23) (280)
Operating loss (370) (583) (1,009)
Finance income - 13 20
Finance expense (220) (254) (724)
Loss before tax (590) (824) (1,713)
Tax credit - 35 49
Loss after tax for the period (590) (789) (1,664)
Earnings per share for loss attributable to the owners of the parent during
the period
Basic (pence) 4 (1.08)p (1.45)p (3.05)p
Diluted (pence) 4 (1.08)p (1.45)p (3.05)p
Interim Consolidated Statement of Comprehensive Income
Unaudited Unaudited Audited
6 months ended 6 months ended 18 months ended
30/09/2025 30/09/2024 31/03/2025
£'000 £'000 £'000
Loss after tax for the period (590) (789) (1,664)
Other comprehensive (expense)/income:
Items that may be reclassified subsequently to
profit and loss:
Currency translation differences (27) 15 22
Other comprehensive (expense)/income for the period (27) 15 22
Total comprehensive expense for the period (617) (774) (1,642)
Interim Consolidated Statement of Financial Position
Unaudited Unaudited Audited
As at 30/09/2025 As at 30/09/2024 As at 31/03/2025
£'000 £'000 £'000
Non-current assets
Property, plant and equipment 7,675 7,914 7,873
Right-of-use assets 4,145 5,171 4,658
Intangible assets 2,824 2,703 2,814
Total non-current assets 14,644 15,788 15,345
Current assets
Inventories 1,849 1,781 1,449
Trade and other receivables 3,136 3,344 4,063
Cash at bank 93 1,678 1,384
Total current assets 5,078 6,803 6,896
Total assets 19,722 22,591 22,241
Current liabilities
Trade and other payables 4,145 3,943 4,927
Loans and borrowings 1,473 1,178 1,712
Lease liabilities 1,321 1,152 1,158
Total current liabilities 6,939 6,273 7,797
Non-current liabilities
Trade and other payables 91 94 98
Loans and borrowings 397 1,684 751
Lease liabilities 3,739 4,962 4,422
Total non-current liabilities 4,227 6,740 5,271
Total liabilities 11,166 13,013 13,068
Net assets 8,556 9,578 9,173
Equity attributable to equity holders of the
Company
Share capital 1,092 1,092 1,092
Share premium account 18,366 18,366 18,366
Other reserves 1,886 1,886 1,886
Currency differences reserve (152) (139) (125)
Profit and loss account (12,636) (11,627) (12,046)
Total equity 8,556 9,578 9,173
Interim Consolidated Statement of Changes in Equity
Unaudited Share capital Share premium account Other reserves Currency differences reserve Profit and loss Total
£'000
£'000 £'000 £'000 account equity
£'000 £'000
At 1 April 2025 1,092 18,366 1,886 (125) (12,046) 9,173
Comprehensive expense for the period
Loss for the period - - - - (590) (590)
Other comprehensive income/(expense) - - - (27) - (27)
Total comprehensive expense for the period - - - (27) (590) (617)
At 30 September 2025 1,092 18,366 1,886 (152) (12,636) 8,556
Unaudited Share capital Share premium account Other reserves Currency differences reserve Profit and Total
£'000
£'000 £'000 £'000 loss equity
account £'000
£'000
At 1 April 2024 1,092 18,366 1,886 (154) (10,838) 10,352
Comprehensive expense for the year
Loss for the period - - - - (789) (789)
Other comprehensive expense - - - 15 - 15
Total comprehensive expense for the year - - - 15 (789) (774)
At 30 September 2024 1,092 18,366 1,886 (139) (11,627) 9,578
Consolidated Statement of Changes in Equity
Audited Share capital Share premium account Other reserves Currency differences reserve Profit and Total
£'000
£'000 £'000 £'000 loss equity
account £'000
£'000
At 1 October 2023 1,092 18,366 1,886 (147) (10,382) 10,815
Comprehensive expense for the year
Loss for the period - - - - (1,664) (1,664)
Other comprehensive income - - - 22 - 22
Total comprehensive expense for the year - - - 22 (1,664) (1,642)
At 31 March 2025 1,092 18,366 1,886 (125) (12,046) 9,173
Interim Consolidated Statement of Cash Flows
Unaudited Unaudited Audited
6 months 6 months 18 months ended
ended ended 31/03/2025
30/09/2025 30/09/2024 £'000
£'000 £'000
Cash flows from operating activities
Loss after tax (590) (789) (1,664)
Adjustments for:
Income tax - (35) (49)
Net finance expense 220 241 704
Foreign exchange losses (114) - 57
Depreciation of property, plant and equipment 361 375 1,125
Depreciation of right-of-use assets 590 563 1,579
Amortisation of intangible assets 68 65 228
535 420 1,980
Change in trade and other receivables 873 362 127
Change in inventories (373) 323 871
Change in trade and other payables (718) (530) 388
Cash flows from operations 317 575 3,366
Income taxes (paid)/received (4) (2) 192
Net cash flows from operating activities 313 573 3,558
Investing activities
Interest received - 13 20
Purchase of property, plant and equipment (118) (103) (539)
Purchase of intangible assets (66) (15) (198)
Net cash used in investing activities (184) (105) (717)
Financing activities
Interest paid (221) (254) (724)
Bank loans repaid (559) (558) (1,424)
Principal paid on lease liabilities (599) (468) (1,524)
Hire purchase finance advanced - 59 267
Hire purchase agreements repaid (58) (34) (136)
Net cash used in financing activities (1,437) (1,255) (3,541)
Net decrease in cash and cash equivalents (1,308) (787) (700)
Cash and cash equivalents at beginning of the period 1,384 2,472 2,090
Exchange gains/(losses) on cash and cash equivalents 17 (7) (6)
Cash and cash equivalents at end of the period (all cash balances) 93 1,678 1,384
Notes to the Interim Consolidated Financial Information
1 Accounting policies
Description of business
Autins Group plc is a public limited company domiciled in the United Kingdom and quoted on AIM, a market operated by the London Stock Exchange. The principal activity of the Group is the design, manufacture, and supply of acoustic and thermal insulation solutions. The address of the registered office is Central Point One, Central Park Drive, Rugby, Warwickshire, CV23 0WE.
Basis of preparation
This interim consolidated financial information covers the six months ended 30 September 2025 and the equivalent comparative period.
In preparing this interim financial information, the Board have considered the
impact of any new standards or interpretations which will become applicable
for the FY26 Annual Report and Accounts which deal with the year ending 31
March 2026 and there are not expected to be any changes in the Group's
accounting policies compared to those applied at 31 March 2025.
A full description of those accounting policies are contained within our FY25
Annual Report and Accounts which are available on our website (Autins FY23 ARA
(https://www.autins.co.uk/wp-content/uploads/2019/03/Annual-Report-Accounts-2018.pdf)
).
This interim announcement has been prepared in accordance with the recognition
and measurement requirements of International Financial Reporting Standards
issued by the International Accounting Standards Board, as adopted by the
United Kingdom as effective for periods beginning on or after 1 April 2025.
New accounting standards applicable to future periods
There are no new standards, interpretations and amendments which are not yet
effective in these financial statements, expected to have a material effect on
the Group's future financial statements.
This unaudited consolidated interim financial information has been prepared in
accordance with IFRS as adopted by the United Kingdom. The principal
accounting policies used in preparing the interim results are those the Group
expects to apply in its financial statements for the year ending 31 March
2026.
The financial information does not contain all of the information that is
required to be disclosed in a full set of IFRS financial statements. The
financial information for the six months ended 30 September 2025 and 30
September 2024 is unreviewed and unaudited and does not constitute the Group's
statutory financial statements for those periods.
The comparative financial information for the 18 months ended 31 March 2025
has, however, been derived from the audited statutory financial statements for
that period. A copy of those statutory financial statements has been
delivered to the Registrar of Companies. The auditor's report on those
accounts was unqualified, did not include references to any matters to which
the auditor drew attention by way of emphasis without qualifying its report
and did not contain a statement under section 498(2)-(3) of the Companies Act
2006.
The financial information in the Interim Report is presented in Sterling, the
Group's presentational currency.
Basis of consolidation
The consolidated financial statements present the results of the Company and
its subsidiaries (the "Group") as if they formed a single entity.
Intercompany transactions and balances between group companies are therefore
eliminated in full.
Subsidiaries are all entities over which the Group has control. The Group
controls an entity when it is exposed to, or has rights to, variable returns
from its involvement with the entity and has the ability to affect those
returns through its power over the entity. Subsidiaries are fully
consolidated from the date on which control is transferred to the Group and
cease to be consolidated from the date on which control is transferred out of
the Group.
The consolidated financial statements incorporate the results of business
combinations using the acquisition method. In the statement of financial
position, the acquiree's identifiable assets, liabilities and contingent
liabilities are initially recognised at their fair values at the acquisition
date.
Operating segments
Operating segments are reported in a manner consistent with the internal
reporting provided to the chief operating decision maker. The chief
operating decision maker has been identified as the management team including
the Chief Executive and Chairman.
The Board considers that the Group's activity constitutes one primary
operating and one separable reporting segment as defined under IFRS 8.
Management consider the reportable segment to be Automotive NVH. Revenue and
profit before tax primarily arises from the principal activity based in the
UK. All material assets are based in the UK. Management reviews the
performance of the Group by reference to total results against budget.
The total profit measure is operating (loss)/profit as disclosed on the face
of the consolidated income statement. No differences exist between the basis
of preparation of the performance measures used by management and the figures
in the Group financial information
2 Revenue
Unaudited Unaudited Audited
6 months ended 30/09/2025 6 months ended 30/09/2024 18 months ended
£'000 £'000 31/03/2025
£'000
Revenue arises from:
Component sales 8,261 9,717 30,891
Sales of tooling 333 71 215
8,594 9,788 31,106
Segmental information
The Group currently has one main reportable segment in each year/period,
namely Automotive NVH which involves provision of insulation materials to
reduce noise, vibration and harshness to automotive manufacturing. Turnover
and Operating Profit are disclosed for other segments in aggregate as they
individually have not had a significant impact on the Group result. The
majority of the other revenue arises from acoustic flooring sales.
Measurement of operating segment profit or loss, assets and liabilities
The accounting policies of the operating segments are the same as those
applied by the Group in the FY25 annual report and accounts.
The Group evaluates performance on the basis of operating (loss)/profit.
Automotive NVH 6 months ended 30/09/2025
£'000 Others Total
£'000 £'000
Group's revenue per Consolidated
Statement of Comprehensive Income 8,166 428 8,594
Depreciation 951
Amortisation 68
Segment operating (loss)/profit (329) (41) (370)
Finance expense (220)
Group loss before tax (590)
Automotive As at 30/09/2025
NVH Others Total
£'000 £'000 £'000
Additions to non-current assets 318 - 318
Reportable segment assets/ 19,722 - 19,722
Total Group assets
Reportable segment liabilities/ 11,166 - 11,166
Total Group liabilities
Segmental information (continued)
6 months ended 30/09/2024
Automotive NVH Others Total
£'000 £'000 £'000
Group's revenue per Consolidated
Statement of Comprehensive Income 9,098 690 9,788
Depreciation 938
Amortisation 65
Segment operating loss (530) (30) (560)
Exceptional costs (23)
Finance income 13
Finance expense (254)
Group loss before tax (824)
As at 30/09/2024
Automotive NVH Others Total
£'000 £'000 £'000
Additions to non-current assets 1,998 - 1,998
Reportable segment assets/
Total Group assets 22,591 - 22,591
Reportable segment liabilities/
Total Group liabilities 13,013 - 13,013
Segmental information (continued)
Automotive 18 months ended 31/03/2025
NVH Others Total
£'000 £'000 £'000
Group's revenue per Consolidated Statement of Comprehensive Income 29,424 1,682 31,106
Depreciation 2,704
Amortisation 228
Segment operating loss before exceptional items (670) (59) (729)
Exceptional costs (280)
Finance income 20
Finance expense (724)
Group loss before tax (1,713)
Automotive As at 31/03/2025
NVH Others Total
£'000 £'000 £'000
Additions to non-current assets 2,724 - 2,724
Reportable segment assets/ 22,241 - 22,241
Total Group assets
Reportable segment liabilities/ 13,068 - 13,068
Total Group liabilities
Reporting of external revenue by location of customers is as follows:
Unaudited Unaudited Audited
6 months ended 30/09/2025 6 months ended 30/09/2024 18 months ended
£'000 £'000 31/03/2025
£'000
United Kingdom 4,159 5,348 17,757
Germany 2,440 2,230 6,737
Sweden 304 307 1,111
Other European 1,590 1,859 5,332
Rest of the World 101 44 169
8,594 9,788 31,106
3 Exceptional costs
Exceptional costs in the six months ended 30 September 2024 and 18 months ended 31 March 2025 relate to the change of chief executive officer and chief financial officer including recruitment costs for the chief executive officer.
4 Earnings per share
Unaudited Unaudited Audited
6 months ended 30/09/2025 6 months ended 30/09/2024 18 months ended
£'000 £'000 31/03/2025
£'000
Loss used in calculating basic and
diluted earnings per share (590) (789) (1,664)
Weighted average number of £0.02 shares
for the purpose of:
- basic earnings per share ('000) 54,601 54,601 54,601
- diluted earnings per share ('000) 54,601 54,601 54,601
Basic and diluted loss per share (pence) (1.08)p (1.45)p (3.05)p
Loss per share is calculated based on the share capital of Autins Group plc
and the earnings of the Group for all periods. There are no potentially
dilutive options in place at 30 September 2025 (30 September 2024: none).
5 Right of use assets and liabilities
During H1 2026 there were additions of £42,000 to right of use assets with a corresponding increase to liabilities. During the six month period to 30 September 2024 there were additions of £1,878,000 and in the 18 months ended 31 March 2025 there were additions of £1,925,000 to right of use assets with a corresponding increase to liabilities. These additions were primarily as a result of a rent review increase agreed on the main UK property lease together with new three year commitments made in respect of property leases in Germany and Sweden.
6 Share capital
The total number of ordinary shares in issue since December 2022 is
54,600,984.
7 Taxation
Given the continuing economic and market conditions, losses carried forward
are not yet recognised in deferred tax balances, consistent with the judgement
made at March 2025.
8 Interim Report
A copy of the Interim Report will be available on the Company's
website: www.autins.com (http://www.autins.com) .
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