Interim Results for the Six Month to 30 June 2026.

Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media

22 September 2026

Aeorema Communications plc

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

Interim Results for the Six Months Ended 30 June 2026

Record Half Year Profit and Record Revenue and Profit Expected for FY2026

Aeorema Communications plc (AIM: AEO), a leading strategic communications group, is pleased to announce its unaudited interim results for the six months ended 30 June 2026 ("6M 2026" or the "Period"), which include record profit for a six-month period with record revenue and profit expected for the full year.

Profit before tax, excluding non-trading foreign exchange gains and losses, increased 200% to £1.5 million for the Period (6M 2025: £0.5 million), the highest profit achieved by the Group in any six-month period since its admission to AIM in 2002.

Figures for the six months ended 30 June 2025 ("6M 2025") are presented for comparative purposes. 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.

Financial Highlights

Operational Highlights

Post Period End

Outlook

Chairman's Statement

I am pleased to present Aeorema's interim results for the six months ended 30 June 2026, a period in which the Group delivered record half-year profit alongside strong revenue growth.

Revenue increased by 32.5% to £17.5 million (6M 2025: £13.2 million), while profit before tax, excluding non-trading foreign exchange gains and losses, increased by 200% to £1.5 million (6M 2025: £0.5 million), the highest profit achieved by the Group in any six-month period since its admission to AIM in 2002. This represents a significant milestone for the Group and demonstrates the significant progress made over the past 12 months.

During 2025, we undertook a substantial cost reduction and rebalancing programme designed to create a leaner, more senior-weighted and efficient operating model. I am pleased to say that the benefits of those changes are now clearly being reflected in the Group's financial performance and its ability to convert revenue growth into significantly improved profitability.

Our cash position also remains strong, with a balance of £4.8 million at 30 June 2026 (30 June 2025: £3.1 million) and an average cash balance over the 12 months ended 30 June 2026 of £3.1 million (12 months ended 30 June 2025: £2.1 million). This financial strength provides the Group with the flexibility to continue investing in growth while maintaining our commitment to delivering appropriate returns to shareholders.

The Board has not declared an interim dividend in respect of the Period but remains committed to shareholder returns and, subject to the Group's full-year performance and financial position, currently intends to recommend a final dividend in respect of the year ending 31 December 2026.

Alongside this, during the Period, the Company acquired and subsequently cancelled 257,500 ordinary shares under its previous share buyback programme. Following the Period end, on 13 August 2026, the Company launched a new share buyback programme. Since the launch of the programme, the Company has acquired 65,000 ordinary shares at an average price of 64 pence per share. The programme reflects the Board's confidence in the Group's financial strength and future prospects and its view that, where appropriate, share purchases can represent an attractive means of delivering value to continuing shareholders.

Operationally, Cannes Lions was again a particular highlight. The Group delivered its biggest Cannes Lions to date in June, building on the record level of contracted client activity announced earlier in the year. Importantly, advanced planning and activation discussions for Cannes Lions 2027 are already taking place, providing encouraging early visibility for next year's event.

The strategic importance of Cannes extends well beyond the event itself. The relationships we develop and deepen there are increasingly providing a platform from which to work with clients throughout the year and across the wider global events calendar.

Our first activations at SXSW in Austin and POSSIBLE Miami during the Period are good examples of this strategy in action. These projects demonstrate our ability to broaden established client relationships into other major events, creating additional opportunities and supporting deeper, longer-term partnerships.

The strength of our position in North America was further demonstrated in June by the award of a three-year contract to deliver Climate Week NYC in 2026, 2027 and 2028. The contract strengthens medium-term revenue visibility and reflects the Group's growing credentials in delivering major international events for leading organisations.

North America continues to be an important contributor to the Group's growth. Many of the major global brands with which we work are based there, and our established presence in the region provides us with proximity to key decision makers and an important platform from which to deepen those relationships.

While North America is an important growth market, our ambitions remain global. We continue to see opportunities to grow both existing and new client relationships around the world, while retaining the creativity and agility that differentiate Aeorema from many larger agencies.

That differentiation was recognised during the Period, with Cheerful Twentyfirst named Experiential Agency of the Year at the 2026 Conference News Agency Awards and Creative Team of the Year for the seventh time. These awards reflect the quality and consistency of the work being delivered by the team and our ability to compete successfully with much larger international agencies.

Alongside this operational progress, the Group is increasingly focused on larger, more complex and strategically important engagements, while operating with a leaner and more efficient cost base. We believe this combination provides a stronger platform from which to convert high-quality revenue into sustainable earnings growth.

Looking to the rest of the year, investors should note the unusual weighting of trading during FY2026. As previously highlighted, the Group's revenue has historically followed an approximate 60:40 H1/H2 split, whereas FY2026 is expected to be significantly more weighted towards the first half. This reflects the record performance at Cannes Lions together with the timing of a small number of major, long-standing events that take place on a biennial basis. In FY2026, a greater proportion of these events took place during the first half, whereas in the prior year they were more heavily concentrated in the second half. Accordingly, the exceptional level of profitability achieved during the first half should not be extrapolated directly across the full year.

Notwithstanding this weighting, trading remains robust, client engagement continues to be strong, and we are seeing encouraging opportunities across our core markets and the wider global events calendar.

Against this backdrop, the outlook for the full year has continued to strengthen. Further to the material upgrade in expectations announced on 15 September 2026, positive developments across a number of live projects, including increases in project scope, have led the Board to further increase its expectations for the year ending 31 December 2026. Revenue is now expected to be no less than £23.0 million (previous guidance of no less than £22.6 million), while profit before tax, excluding non-trading foreign exchange gains and losses, is expected to be no less than £1.06 million (previous guidance of no less than £1.0 million). On the basis of these expectations, FY2026 is now expected to deliver both record annual revenue and record annual profit for the Group..

Looking further ahead, the early level of engagement around Cannes Lions 2027, together with continued opportunities to broaden client relationships across the international events calendar, provides encouraging visibility beyond the current financial year.

With a more efficient operating model, a strong balance sheet, deepening relationships with leading global brands and a growing portfolio of opportunities around the world, the Board believes Aeorema is well positioned to deliver sustainable, profitable growth.

On behalf of the Board, I would like to thank our teams across the Group for their continued hard work and creativity, our clients for their trust and our shareholders for their ongoing support.

Mike Hale

Chairman

22 September 2026

AEOREMA COMMUNICATIONS PLC

CONDENSED CONSOLIDATED INCOME STATEMENT

For the period ended 30 June 2026

AEOREMA COMMUNICATIONS PLC

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

For the period ended 30 June 2026