Highlights

• Aeorema now expects FY2026 Revenue of no less than £23.8m, up from previous guidance of £23.0m.

• Profit before tax guidance, excluding non-trading FX, rises to at least £1.25m, an increase of about 18%.

• Larger project scopes for September to December and higher September margins drove the latest upward revision.

• The board plans to give FY2027 guidance early in the first quarter of 2027 as visibility improves.

For the third time since mid-September, Aeorema Communications (LSE:AEO) has lifted its sights for 2026. The AIM-quoted live events agency now expects full-year revenue of no less than £23.8m and profit before tax, excluding non-trading foreign exchange movements, of no less than £1.25m, an approximately 18% step-up in the profit guidance it set only in September.

Inside the latest guidance raise

The update, issued on 10 November 2026, moves revenue guidance up from no less than £23.0m and profit guidance up from no less than £1.06m. Both previous figures were set on 22 September 2026 alongside the interim results.

Aeorema pointed to two drivers: continued increases in scope on projects scheduled for delivery between September and December, and higher-than-expected margins on projects delivered in September. The revenue uplift amounts to about £0.8m, or roughly 3.5%.

A run of upgrades since the summer

The sequence tells the story. On 6 August 2026, guidance pointed to revenue of £22.0m and profit before tax of £810,000. On 15 September those numbers rose to £22.6m and £1.0m. A week later, on 22 September, they moved again to £23.0m and £1.06m.

The profit expectation has now climbed by about 54% from the August level.

Chief executive Steve Quah said that 2026 is shaping up to be a record year for Aeorema and that the board is delighted to be increasing its expectations again.

First-half foundations

Interim results for the six months to 30 June 2026 showed revenue of £17.5m, up 32.5% from £13.2m, and profit before tax excluding non-trading FX of £1.5m against £0.5m a year earlier. Cash stood at £4.8m at the half-year end.

The chairman cautioned at the time that first-half profitability should not be extrapolated across the full year, because revenue for 2026 is weighted towards the first half. The full-year profit floor of £1.25m sits below the £1.5m earned in the first six months, consistent with that warning. For comparison, revenue for the previous 18-month reporting period to 31 December 2025 was £29.5m, a longer period reflecting the change in year end.

What to watch into the year end

The guidance is framed as minimum levels and depends on delivering the remaining project pipeline through December. Aeorema (LSE:AEO) has moved to a 31 December year end, a change its chief executive has linked to better full-year visibility.

The board intends to provide FY2027 guidance early in the first quarter of 2027, when it expects clearer sight of the year ahead. Separately, Aeorema began a share buyback programme in August 2026, running alongside its string of trading upgrades.

Record year taking shape

Aeorema already expects 2026 to be a record year for the group, and Quah said the latest upgrade "further underlines the strength of the performance". The company also described client engagement and activity as encouraging, giving Aeorema (LSE:AEO) fresh momentum heading into the busy final weeks of its financial year.