Autins Group (LSE:AUTG), the acoustic and thermal materials maker, posted its first annual profit since 2017 in results for the year to 31 March 2026, published on 29 June 2026. A subsequent trading update at the Annual General Meeting on 23 September 2026 said the year had started in line with expectations, though higher raw material and transport costs linked to the conflict involving Iran had weighed on performance.

What the company does

Autins designs, makes and supplies acoustic and thermal products for the automotive, flooring, office furniture and commercial vehicle markets in the UK and Europe. Its proprietary Neptune melt-blown material is manufactured in-house in the UK. The company floated on AIM in August 2016, raising £26.6 million gross at the time.

Latest results

For the twelve months to 31 March 2026, Revenue was £17.6 million. The comparison is awkward because the prior period was an eighteen-month one, with revenue of £31.1 million; LSE:AUTG said unaudited revenue for the twelve months to March 2025 was £19.3 million. Profit after tax was £0.2 million, compared with a loss of £1.7 million previously. Gross Margin rose to 36.2% from 31.9%, and adjusted EBITDA was £2.4 million.

Cash stood at £0.6 million and net Debt excluding Lease liabilities was £1.6 million. LSE:AUTG repaid its CBILS Loan in full in June 2026 and replaced an earlier MEIF loan with a £1.0 million MEIF II Facility repayable over four years. No Dividend was declared, and the board said it would review policy as profitability becomes established.

Trading update

The 23 September 2026 statement reported revenue of £8.0 million for the five months to 31 August 2026, up from £7.7 million a year earlier. Full-year expectations were described as in line with market views of about £21.8 million revenue and £0.8 million profit after tax for the 2027 financial year, with performance weighted to the second half as new projects enter production and a cost savings programme takes effect.

Management said new Business had been won in all regions, especially Germany, with contributions expected from the 2028 financial year. Europe was outperforming, and UK production of Neptune was at record levels, offsetting weaker UK vehicle volumes. Interim results for the six months to 30 September are due in December 2026.

Forecasts and corporate matters

In the results the company guided to revenue of £22 million and profit after tax of £0.8 million for 2027, £26 million and £1.4 million for 2028, and £27 million and £1.9 million for 2029. There was a board change on 24 June 2026, and on 10 August share Options were granted to the chief executive and chief financial officer.

Sector and index context

Autins (LSE:AUTG) is one of the small industrial names on the FTSE AIM All Share Index. UK Manufacturing has faced elevated energy, labour and input costs, and automotive suppliers are exposed to production schedules set by vehicle makers. Management itself describes the environment as challenging.

Key risks

The forecasts imply a steep increase in revenue and profit, and they rely on new contracts entering production on time. Vehicle production schedules, geopolitical disruption to costs and thin cash balances are all risks, and net debt remains meaningful relative to profit.

What to watch next

The December interim results will show whether the second-half weighting is on track. Investors will also watch the progress of the cost savings programme, German contract launches and any move on dividends.