Aurrigo International, an AIM-quoted autonomous airport vehicle maker and a constituent of the FTSE AIM All Share Index, reported on 23 September 2026 that Revenue for the six months to 30 June 2026 rose 19.4% to £4.2m while its loss before tax widened to £3.8m from £2.1m a year earlier. The most recent items on its announcement list are two major-holdings notifications dated 7 October 2026.

From automotive parts to airport autonomy

Aurrigo designs and develops smart airside systems for aviation, including automated vehicles and software aimed at baggage and cargo handling. It is headquartered in Coventry, with offices in Singapore, Cincinnati and Ottawa, and says it has more than 33 years of experience supplying automotive manufacturers. It reports two segments: automotive components, and autonomous vehicles with related design services.

What the interim numbers showed

Automotive revenue climbed 52.9% to £3.6m, helped by a recovery from last year's tariff-related disruption and new contract wins. Autonomous revenue fell to £0.6m from £1.1m as some contracts completed and new ones were not expected to start until later in the second half at the earliest. Gross Margin dropped to 25.5% from 42.3% because of the mix, and management expects it to improve as autonomous revenue rises. Administrative expenses increased to £5.1m, and the adjusted EBITDA loss widened to £3.1m.

Cash stood at £8.4m at 30 June 2026, down from £11.5m at the end of 2025, following a £14.1m placing completed in September 2025. Directors based their going-concern conclusion on forecasts to December 2027.

Contracts and grant funding

The company highlighted a £6.28m contract with Ultra Global to build 25 autonomous guided vehicles, which it called the largest in its history, with revenue expected mainly in 2027. It also cited a £4.5m three-year framework to Supply electrical systems for a supercar programme and its first defence contract. On 10 August 2026 it announced a £1.43m UK Government grant, under the CAM Pathfinder programme, to deploy Auto-Shuttle vehicles on airport security patrols, perimeter inspections and surface checks.

Sector and index context

Airports face persistent ground-handling staffing shortages, and the company cites industry data showing 5.3% growth in global air passenger Demand in 2025. That backdrop supports interest in automation, but airport customers typically take time to evaluate, trial and approve new equipment, so contract timing can be uneven. As a small AIM company, Aurrigo's shares can also move sharply on individual orders or funding news.

Key risks

The main pressures visible in the interim figures are the widening loss, the fall in cash and the lumpy nature of autonomous orders. Lease liabilities rose to about £4.7m after a move to a larger head office and Manufacturing site, increasing fixed costs. Automotive demand depends on a small number of programmes and remains exposed to trade policy. The company's results also depend on delivering large contracts on schedule, and any slippage in production or customer acceptance would push revenue into later periods while costs continue. Funding needs beyond the current cash balance cannot be ruled out if losses persist.

What to watch next

The company said trading since the period end was in line with board expectations and that several autonomous opportunities should reach key decision points around the end of 2026. Investors will look for the timing of Ultra Global revenue recognition, any further defence or airport awards, and whether the margin recovery management anticipates appears in the full-year numbers. Two notifications of major holdings on 7 October 2026 show Shareholder positions are being adjusted, although the detail was not reviewed.