Interim Results

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

Operational Highlights

Outlook

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 or contact:  

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), 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), 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

AEOREMA COMMUNICATIONS PLC

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

For the period ended 30 June 2025

AEOREMA COMMUNICATIONS PLC

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the period ended 30 June 2025

AEOREMA COMMUNICATIONS PLC

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

For the period ended 30 June 2025

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:

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.

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.

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: