Business
Interim Results, FY Projections & Change of Y/E
Interim Results, FY Projections & Change of Y/E.
About this update from Aeorema Communications Plc
[{"type":"text","content":"\n\nThe 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.\n \nAeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media\n \n26 March 2025 \n \nAeorema Communications plc\n(\"Aeorema\", the \"Company\" or the \"Group\")\n \nInterim Results, FY Projections and Change of Accounting Reference Date\nAeorema Communications plc (AIM: AEO), a leading strategic communications group, today announces its interim results for the six months ended 31 December 2024 (\"H1 2025\").\nOVERVIEW\n· Revenue of £7,200,269 (H1 2024: £6,553,779).\n· Loss before taxation of £119,104 (H1 2024 Loss: £243,534).\n· Cash at date of this release of £2.75 million.\n· Commenced implementation of a cost-reduction and rebalancing programme to create a more efficient and focused operating model.\n· Continued growth at Cannes Lions International Festival of Creativity 2025 (\"Cannes Lions\"). Expecting exceptional project retention year on year, net new client wins and further embedding across client and local partnerships.\n· Cheerful Twentyfirst named C&IT Global Agency of the Year Award for 2024 and winner of Best Outdoor Activation at the 2024 Ex Awards.\n· Board of Directors strengthened with the appointment of Alan Charlton as a Non-Executive Director.\n \nPOST PERIOD END\n· Secured foothold at the Global Economic Forum in Davos in January 2025, which is expected to open new opportunities and widen access to the financial and professional service sectors.\n \nCHANGE OF ACCOUNTING REFERENCE DATE\nThe Company is changing its accounting reference date and financial year end from 30 June to 31 December. This decision aligns the Company's reporting cycle with industry norms and ensures that the end of its annual financial reporting cycle does not coincide with the summer months, which have traditionally been its busiest operating period. This change is expected to create a more streamlined and efficient reporting process and therefore the Board believes that a 31 December year end will be in the best interest of the Group.\nWith the new 31 December year e...