Losses at Aurrigo International plc widened in its latest half-year results amid a move to a far bigger HQ in Coventry.
However the self-driving technology leader grew revenues in the six months ended 30th June 2026.
In April Aurrigo said it would triple the size of its headquarters with a move to Power Park, which will serve as its UK hub for advanced engineering, autonomous vehicle development, high-volume manufacturing and ongoing automotive activities, with a test track also installed.
The London-listed business, which floated on London’s junior AIM market in 2022 and raised investment last year, specialises in autonomous vehicles designed to improve efficiency in airports. Once fully operational, and subject to customer demand, the facility is projected to be capable of manufacturing up to 500 autonomous vehicles per annum.
This morning the group said it delivered H1 revenue growth of 19% to £4.2m (H1 2025: £3.5m). However adjusted EBITDA loss was £3.1m, up from £1.6m in H1 2025, while loss before tax climbed from £2.1m to £3.8m.
Earlier this year Aurrigo announced a £6.3m contract with Ultra Global for 25 autonomous guided vehicles. £1.53m of this will be recognised in H2 2026 and £4.75m is expected to be recognised in FY27 upon completion of various milestones.
Aurrigo said the H1 2026 results reflected ‘continued investment in the group’s expanded UK facility and in building manufacturing capacity ahead of the Ultra Global contract build phase and anticipated autonomous vehicles orders’.
At the period end it had cash of £8.4m, down from £11.5m at the end of the calendar year 2025.
During the period it secured its first defence contract; secured a £4.5m three-year framework agreement in its automotive division to supply electrical systems for a next-generation supercar programme; granted a licence to provide ground handling services at East Midlands Airport; and was awarded £1.43m in UK Government grant funding to deploy Auto-Shuttle vehicles in autonomous safety and inspection roles at UK airports.
Prof. David Keene MBE, CEO of Aurrigo International, commented: “The first half has demonstrated the complementary strengths of Aurrigo’s business. Automotive delivered a strong recovery and remained cash generative, while the £6.28m Ultra Global contract, the largest single contract in our history, provides further validation of our autonomous aviation strategy.
“I was particularly pleased to secure our first defence contract – this could become a significant market for us. With our expanded manufacturing facility now operational, contracted programmes progressing and a more mature Autonomous pipeline, we enter the second half with confidence in our growth prospects.”