Autins Group PLC (AIM:AUTG) shares jumped 28% to 10.94p after the AIM-listed acoustic and thermal insulation manufacturer reported its first net profit in nine years alongside a wave of new contract wins that underpin multi-year revenue growth.
The company returned to net profit of £170,000 for the year ended 31 March 2026, against a £1.2 million loss a year earlier, as gross margin expanded 430 basis points to 36.4% and EBITDA rose 71.4% to £2.4 million.
Revenue fell to £17.6 million from £19.3 million, partly due to a cyber-attack on the group's largest UK customer and delays to tooling sales, though underlying demand remained robust.
Autins secured £12 million of new and transfer business in the UK, peaking at approximately £2.4 million per annum, alongside €4.3 million of new contracts in Germany, including a strategic award with a new customer for its Lightfoam product.
The board is guiding to FY27 revenues of £22 million, below market expectations of £24 million, but expects EBITDA of £3.1 million in line with consensus and profit after tax of £800,000, ahead of the £700,000 expected by analysts.
For FY28, the board guided to revenues of £26 million, EBITDA of £3.8 million against market expectations of £3.4 million, and profit after tax of £1.4 million versus consensus of £1 million.
Chief executive Andy Bloomer said the group had now moved into the "Thrive" phase of its recovery strategy and was focused on delivering sustainable profitable growth.