AGM Statement

6 May 2026

AIREA plc

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

AGM Statement

AIREA plc (AIM: AIEA), the UK design-led specialist flooring company, supplying both the UK and international markets, will hold its Annual General Meeting ("AGM") today at 2.00 p.m. at Victoria Mills, The Green, Ossett, WF5 0AN.

Martin Toogood, Non-Executive Chairman, will provide the following update at today's meeting:

"It is my pleasure to welcome you to the seventy-second AGM of AIREA plc. As Non-Executive Chairman, I am joined by Médéric Payne, Chief Executive Officer, Conleth Campbell, Chief Financial Officer and Company Secretary and Tanya Ashton, Non-Executive Director. Together, the Board continues to provide a strong blend of leadership, financial, operational and sustainability expertise to support the Group's long-term strategy.

"I am pleased to report a year of progress in 2025. The Group delivered a solid performance in the year despite the ongoing global economic and geopolitical challenges. While trading was strong in the first half, momentum slowed in the second half as confidence weakened amid uncertainty relating to the UK government's November budget.

"Sales for the year were 1.0% ahead of the prior year. Operating profit increased by 32.0% to £0.9m, reflecting an improving product mix and continued cost discipline. Cash management was strong in the year and, following the divestment of the Group's investment property, all bank debt was fully repaid, thereby strengthening the Group's cash position considerably. The Group is proposing a dividend of 1.0 pence per share, an increase of 66.7%, in line with its progressive dividend policy.

"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. There has been no significant operational impact on the business whilst work on the facility has been ongoing. This new facility is expected to operate in parallel with the existing facility throughout the busy summer period before its planned decommissioning. With a total investment of £6.8m in the new facility, the Group's manufacturing capabilities will be significantly enhanced, providing a strong platform for building a more sustainable, growth-focused business.

"The Board remains mindful of the ongoing global geopolitical tensions, including in the Middle East. The Group's Dubai showroom continues to operate without disruption and remains a low-cost strategic presence, providing a gateway to markets across the Gulf Cooperation Council (GCC) countries, the wider Middle East, Africa and India.

"It has been an encouraging start to the new financial year with revenue for the four months to 30 April 2026 ahead of the prior year by 7.0%. Whilst macroeconomic conditions remain uncertain, the Board remains confident in the Group's prospects for the year ahead and delivering sustainable long-term value for shareholders."

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Notes to Editors

AIREA plc is a UK design-led specialist flooring company, supplying both UK and international markets. Since 2007, the Group has been focused solely on floor coverings and enjoys a strong and growing brand position within the commercial flooring market.

The Group's core brand Burmatex® is one of the UK's leading designers and manufacturers of commercial carpet tiles and planks. Burmatex® focuses on the design and creation of sustainable innovative flooring solutions to meet the needs of architects, specifiers and contractors with a continuously developing range to suit the education, leisure, commercial, hospitality and public sectors. The brand was acquired by AIREA in 1984.

The Group was admitted to trading on AIM of the London Stock Exchange on 12 December 2007.

For further information, please visit: https://aireaplc.com/.