Aeorema raises 2026 minimum profit forecast to £1.25 million
Key Facts
On 10 November, Aeorema Communications raised the lower end of its FY2026 revenue guidance to £23.8 million from £23.0 million, and increased its minimum forecast for profit before tax, excluding non-trading foreign exchange gains and losses, to £1.25 million from £1.06 million. The company said the new minimum profit forecast represents an increase of about 18% on its previous guidance. The forecasts are for the year ending 31 December 2026. Aeorema attributed the revision to an expanded range of projects scheduled for delivery from September to December, as well as higher-than-expected margins on projects carried out in September. The update sets a higher projected path for revenue and profit in the current financial year.
The company said its updated forecasts followed “continued positive trading in the second half of the year.” It said the range of projects scheduled for delivery had expanded, with deliveries extending from September through December, supporting expected revenue for the rest of the year. Higher-than-expected margins on September projects also contributed to the higher profit forecast. This follows an earlier update in which the board raised its financial-year forecasts, before revising them again on 10 November. The latest update means the minimum revenue and profit forecasts are both above their previous levels, while the figures remain full-year forecasts.
Results for the first half, published in September, provide context for the current revision. Revenue for the six months ended 30 June 2026 rose 32.5% to £17.5 million, compared with £13.2 million in the corresponding period of 2025. Profit before tax, excluding non-trading foreign exchange differences, also increased 200% to £1.5 million from £0.5 million in the first half of 2025. The company said at the time that the exceptional level of first-half profitability “should not be extrapolated directly across the full year.” It also said trading remained robust and client engagement continued to be strong, placing the six-month results in a different context from the full-year forecast.
On liquidity, Aeorema had cash of £4.8 million at 30 June 2026, compared with £3.1 million on the same date in 2025. In an earlier update, the company had raised the lower end of its financial-year revenue forecast to £22.6 million from £22 million, and the minimum forecast for profit before tax, excluding non-trading foreign exchange differences, to £1 million from £810,000, an increase of about 23% in its profit guidance. It then raised its forecasts on 10 November to new minimums of £23.8 million for revenue and £1.25 million for adjusted profit. The group operates in strategic communications through its Cheerful Twentyfirst and Eventful Limited agencies, providing live, virtual and hybrid events for global brands and organisations. Its activities include corporate events, brand experiences and film production.
For the next financial year, the board said it expects greater clarity on the year ahead in early Q1 2027 and intends to provide FY2027 guidance at that time. In its first-half results, the company had referred to its participation in Cannes Lions 2027 and opportunities to expand client relationships through the international events calendar. It described those indicators as providing an encouraging outlook beyond the current financial year. The timing of the next guidance sets a timeframe for announcing new forecasts once the outlook for the year ahead becomes clearer. Current figures focus on the year ending in December 2026, while details of FY2027 guidance remain pending until early Q1.