26th Mar 2026 14:25
(Alliance News) - Airea PLC on Thursday said it is nearing completion of its plans to provide the platform to transform the business as it announced a much higher dividend amid profit growth.
The West Yorkshire, England-based flooring company said pretax profit climbed to GBP211,000 in 2025 from GBP63,000 in 2024. Operating profit shot up 32% to GBP916,000 from GBP693,000.
Revenue grew 1.0% to GBP21.4 million from GBP21.2 million.
The company said it had a positive start to 2025 but experienced softer demand in the second half, citing uncertainty relating to the UK government budget in November. The UK and the Republic of Ireland delivered sales growth of 2.3%.
Operating costs increased 2.2% to GBP20.5 million from GBP20.0 million. Costs from non-recurring items reduced by 74% to GBP237,000 from GBP911,000.
Airea hiked its dividend for 2025 by 67% to 1.00 pence, compared to 0.60p a year ago.
Chief Executive Officer Mederic Payne said: "Investment continued in the year in enhancing the group's manufacturing capabilities with the new facility expected to be fully operational in the coming months. It has been an encouraging start to 2026 and, whilst acknowledging the current macro volatility, the board remains confident in the group's prospects for the year ahead. The group is now also nearing completion of the board's plans to provide the platform to transform the business. Once completed, this will leave us well-positioned to deliver the group's long-term growth strategy."
Airea shares jumped 11% to 22.70 pence each on Thursday afternoon in London.
By Tom Budszus, Alliance News slot editor
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