24th Jun 2025 12:36
(Alliance News) - Autins Group PLC shares climbed on Tuesday as it reported its results for the 18 month period to the end of March, after changing its accounting reference date.
The Rugby, Warwickshire-based industrial materials and technology business reported revenue of GBP31.1 million for the 18 months to the end of March. Revenue was GBP22.7 million in the 12 months to the end of September 2023.
The pretax loss was GBP1.7 million for the extended period, compared to a GBP1.0 million loss in the previous financial year.
Cost of sales were GBP21.2 million, increased from GBP16.0 million in the 12 month comparison. Administrative expenses were GBP10.4 million, up from GBP6.9 million for financial 2023.
The company said cost control and efficiency improvements have allowed the company to reduce losses, resulting in a small net profit in the final quarter of the financial period.
Autins has started repaying its existing loans, and is forecasting to be long-term debt free by July next year.
No dividend was proposed for the year, unchanged from the prior period.
The firm said it is facing a "level of short-term revenue uncertainty" due to the introduction of US tariffs.
"We are encouraged by the UK/US deal and are hopeful of something similar to follow for the EU," the company said.
It expects to deliver its first net profit since 2017 in financial 2026, with "improved profitability" thereafter.
"We are very proud of the results we present today, they act as a demonstration of the hard work from all the Autins team to transform this business and show we are moving in the right direction," said Chief Executive Andy Bloomer.
"Our core business is performing well with new business awards setting us on a growth trajectory. Our first wins with our new AuDuct and AuTrim products provide even greater excitement for our future."
Shares in Autins were up 19% at 8.33 pence in London on Tuesday afternoon. They remain down 36% over the past 12 months.
By Michael Hennessey, Alliance News reporter
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