Trading Update for the 6 Months Ended 30 June 2026
Aeorema Communications Plc
06 August 2026
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
6 August 2026
Aeorema Communications plc
("Aeorema", the "Company" or the "Group")
Trading Update for the 6 Months Ended 30 June 2026
Strong First Half Performance with Significant Improvement in Profitability
Aeorema Communications plc (AIM: AEO), a leading strategic communications group, is pleased to provide a trading update for the six months ended 30 June 2026 ("6M 2026" and the "Period") ahead of the publication of its interim results, which are expected to be announced in September 2026.
Figures for the six months ended 30 June 2025 ("6M 2025") are presented for comparative purposes.
We are pleased to confirm that trading in the first half has been strong, and we now expect to exceed current market expectations for the full year. We expect the year ending 31 December 2026 to achieve sales of not less than £22.0 million (previous market expectations of £20.4 million), and Profit Before Tax, excluding non-trading foreign exchange gains and losses, to be not less than £810,000 (previous market expectations of £740,000).
Financial Highlights for 6M 2026* include:
● Revenue is expected to be no less than £17.4 million, a 32% increase on the prior year (6M 2025: £13.2 million).
● Profit before tax, excluding non-trading foreign exchange gains and losses, expected to be no less than £1.5 million (6M 2025: profit of £0.5 million).
● Cash balances of £4.7 million as at 30 June 2026 (30 June 2025: £3.1 million).
● Average cash balances of £3.1 million over the 12 months ended 30 June 2026 (12 months to 30 June 2025: £2.1 million).
● Cash balances of £2.9 million as at the date of this announcement.
* Subject to finalisation of interim results for the six months ended 30 June 2026
The Group expects to report a strong financial performance for the Period, representing a significant improvement in both revenue and profitability compared with the corresponding six-month period in 2025.
This performance reflects continued strong demand from the Group's global client base, alongside the benefits of the restructuring and operational changes implemented during 2025.
Investors should note that FY2026 revenue is expected to be significantly more weighted towards the first half than in a typical year. While the Group's revenue has historically followed a 60:40 H1/H2 split, FY2026 is currently expected to be weighted 80:20. As a result, profitability is also expected to be heavily weighted toward the first half, reflecting a strong performance at Cannes Lions and the timing of a small number of major, long-standing events that alternate on a two-year cycle. In FY2026, a greater proportion of these events took place in the first half, whereas in prior year they were more heavily concentrated in the second half. Notwithstanding this shift, overall trading remains robust. The Board now expects full-year revenue to be no less than £22.0 million (vs. market expectations of £20.4 million) and Profit Before Tax (excluding non-trading foreign exchange gains and losses) to be at least £810,000 (vs. market expectations of £740,000).
The Group's balance sheet remains strong, with cash balances of £4.7 million as at 30 June 2026 (30 June 2025: £3.1 million). Cash balances as at the date of this announcement were £2.9 million, while the average cash balance over the 12 months ended 30 June 2026 was £3.1 million.
On 26 March 2025, the Company announced that it would be changing its year end from 30 June to 31 December and accordingly would be extending the year ending 30 June 2025 to an 18-month period running from 1 July 2024 to 31 December 2025. The Company subsequently announced unaudited interim results for the 12 months ended 30 June 2025 and audited results for the 18-month period ended 31 December 2025.
Operational Update
The strong financial performance has been underpinned by continued progress across the Group's key client relationships, encouraging levels of engagement across its core markets and the growing contribution from its North American presence. This has been supported by increased activity across major global tentpole events during the Period.
Cannes Lions International Festival of Creativity ("Cannes Lions"): The Group delivered a record-breaking Cannes Lions in June, reflecting the record level of contracted client activity highlighted in the Company's last results. Advanced planning and activation discussions with clients for Cannes Lions 2027 are already taking place, providing encouraging early visibility for next year's event.
Year-round client partnerships: The Group continues to successfully expand relationships with clients beyond individual events. During the Period, it delivered its first activations at both SXSW in Austin and POSSIBLE Miami. These projects demonstrate the opportunity to build year-round relationships with existing clients at other major global tentpole events and are directly aligned with the Group's previously stated growth strategy.
Steve Quah, CEO of Aeorema Communications plc, commented: "Following the significant changes we made to the business during 2025, I am delighted with the performance we have delivered during the first six months of 2026.
"Cannes was a particular highlight. We delivered our biggest Cannes Lions to date, while maintaining the creativity, quality and level of service our clients expect from us. Importantly, conversations around Cannes 2027 are already well underway.
"We are also beginning to see the benefits of our strategy to build deeper, year-round relationships with our clients, using the relationships developed through Cannes as a platform for further opportunities. Our first activations at SXSW in Austin and POSSIBLE Miami are good examples of this, broadening those relationships and creating additional opportunities across the global events calendar.
"The progress we have made over the past 12 months gives us a strong platform from which to continue growing the business, both with existing clients and through new opportunities around the world."
Outlook
The Board is encouraged by the strong performance delivered during the first six months of the financial year and the continued momentum across the Group.
With the benefits of the restructuring undertaken during 2025 now being reflected in improved profitability, the Group remains focused on building deeper client relationships, securing new business and broadening its presence across major international events and markets.
The Board is confident in the Group's prospects for the remainder of the financial year and beyond.
*ENDS*
For further information on the Company please visit www.aeorema.com or contact:
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Aeorema Communications plc Andrew Harvey |
Tel: +44 (0) 20 7291 0444 |
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Allenby Capital Limited (Nominated Adviser & Broker) John Depasquale / Liz Kirchner (Corporate Finance) Kelly Gardiner / Joscelin Pinnington / Lauren Wright (Sales & Corporate Broking) |
Tel: +44 (0)20 3328 5656 |
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Redbine Ltd (Financial PR) Paul Dulieu |
Tel: +44 (0)7554521421 |
Notes to Editors
Aeorema Communications plc (AIM: AEO) is a strategic communications group specialising in corporate events, brand experiences and film production for an international client base. The Group operates through its agencies Cheerful Twentyfirst and Eventful Limited, delivering live, virtual and hybrid events for global brands and organisations. Headquartered in London, the Group also has offices in New York and Amsterdam. For more information, visit: www.aeorema.com.
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