Aurrigo International narrows loss amid Autonomous division growth

(Alliance News) - Aurrigo International PLC on Monday hailed "another year of real progress" as it posted strong top line growth in 2024.

The Coventry, England-based transport technology provider reported a pretax loss of GBP2.5 million last year, narrowing from GBP4.0 million in 2023.

Revenue was GBP8.9 million, up 34% from GBP6.6 million.

The firm attributed this advance to "significant revenue growth" in its Autonomous division, which multiplied to GBP2.9 million from GBP547,000 as a result of increasing demand for autonomous airside solutions for the aviation industry.

Aurrigo said the revenue growth in 2024 was in line with expectations.

Chief Executive Officer David Keene said: "2024 was another year of real progress for Aurrigo, supported by significant revenue growth in our high margin Autonomous division. Awareness around the benefits of autonomous technology across airside operations is growing rapidly, helping to support our progress and the long-term outlook for the business."

Looking ahead, Aurrigo International said it is in a "strong position" to continue growth, expecting its 2025 full-year results to be in line with expectations.

Aurrigo shares rose 1.5% to 67.00 pence in London on Monday morning.

By Olivia Mason-Myhill, Alliance News reporter

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