LONDON, July 3, 2026, 19:03 BST
- Autins last quoted at 15.50p, up 6.90%. Market cap around £8.46 million.
- FY26 revenue dropped from the unaudited 12-months, but gross margin improved to 36.2% and adjusted EBITDA was up at £2.4 million.
- Autins is priced at around 10.6x its FY27 profit guidance as of Friday’s close, dropping to 4.5x FY29 if management meets goals.
Autins Group Plc (LON:AUTG) finished Friday’s session in London at 15.50p, up 1.00p, or 6.90%. That puts the car insulation maker at its best level since 2026 and gives the AIM-company a market cap of about £8.46 million. Autins is on the FTSE AIM All-Share index.
This wasn’t a broad-market play. According to Fidelity’s delayed data, the FTSE All-Share was up 0.28%. Autins quoted a 21.4% bid-offer spread, 128,856 shares traded and 15 trades today. For investors, this means the rerating shows up on screens, but trading is thin.
| Friday read | Autins | Wider market |
|---|---|---|
| Share/index move | up 6.90% | FTSE All-Share edged up 0.28% |
| Price/level marker | 15.50p | — |
| Market value | £8.46 mln | — |
| Bid-offer spread | 21.4% | — |
| Volume | 128,856 shares traded | — |
Investors aren’t focused on last year’s small profit anymore. Now they’re watching to see if Autins can deliver results fast enough for Friday’s price to hold up. The company’s last update on Investegate was the June 29 final-results RNS. By Friday night, there wasn’t a newer Autins RNS in that feed.
Autins said FY26 is the 12 months ending March 31, 2026. FY25 ran for 18 months due to a change in accounting date. Based on the unaudited 12-month FY25 comparison, revenue dropped 8.8%, but gross profit was higher and the margin increased 410 basis points.
| Metric | FY26 | 12M FY25 | Change |
|---|---|---|---|
| Revenue | £17.6 mln | £19.3 mln | -8.8% |
| Gross profit before non-underlying items | £6.4 mln | £6.2 mln | +3.2% |
| Gross margin | 36.2% | 32.1% | +4.1 pts |
| Adjusted EBITDA | £2.4 mln | £1.4 mln | +71.4% |
| Profit/(loss) after tax before non-underlying items | £0.2 mln | £(1.2) mln | +£1.4 mln |
| Operating cash flow | £1.5 mln | £2.2 mln | -31.8% |
| Net debt excluding IFRS 16 leases | £1.6 mln | £1.1 mln | +£0.5 mln |
Autins CEO Andy Bloomer said the company is back to net profit for the first time since 2017 and started FY27 with good momentum. The group posted £15 million in new business wins this year and confirmed the CBILS loan was fully repaid in June 2026.
Autins is at 15.50p, putting it around 52 times forecast FY26 EPS of 0.30p. The multiple falls sharply if management hits its profit goals: about 10.6 times for FY27, 6.0 times FY28, 4.5 times FY29. These are straight arithmetic multiples, based on Friday’s market cap and management’s own targets rather than broker numbers.
| Basis | Revenue/PAT figure | Market cap to revenue | Market cap to PAT |
|---|---|---|---|
| FY26 actual | Revenue was £17.6 mln, PAT before non-underlying items at £0.2 mln | 0.48x | 42.3x |
| FY27 guidance | Revenue seen at £22.0 mln, PAT at £0.8 mln | 0.38x | 10.6x |
| FY28 guidance | Revenue expected at £26.0 mln, PAT £1.4 mln | 0.33x | 6.0x |
| FY29 guidance | Revenue projected at £27.0 mln, PAT £1.9 mln | 0.31x | 4.5x |
Autins flagged timing as a risk. The company said revenue and profit for FY27 would be heavier in the second half, according to the order book. Vehicle production schedules could slip, and volumes might miss early forecasts.
UK new car registrations climbed 15% in June to 215,921, with battery-electric models up 38% to 64,440, Reuters said Friday. Battery-electric vehicles made up almost 30% of the market. “EVs have gone mainstream,” Octopus Electric Vehicles CEO Gurjeet Grewal told Reuters. The backdrop is mixed, but not as tough as earlier this year. Reuters
UK vehicle output picked up in May, SMMT said, with a 2.7% rise to 51,178 units — the first monthly gain of the year. But production from January through May dropped 8.7% to 317,779. “May’s growth is welcome,” SMMT chief Mike Hawes said, but he warned that weak demand and compliance costs continue to threaten jobs and investment. SMMT
Autins said its biggest customer was hit by a cyber-attack in September 2025. The company lost revenue and margin in September and October because of it. But, customer diversification and margin moves helped reduce the impact. CFO Desislav Dimitrov said new contracts won ahead of the year started bringing in expected revenue around the middle of FY26.
The board isn’t recommending a dividend for FY26. It said payout plans will stay under review as profit and cash flow get more solid.
