AIREA PLC, a UK design-led specialist flooring company, held its Annual General Meeting and provided an update on its performance. The company reported a 14.1% increase in revenue to £21.1m, with operating profit rising to £1.8m. The net cash position improved by £0.6m to £3.4m, and a dividend of 0.55 pence per share, an increase of 10%, is being proposed. The company is in discussions with the pension scheme's trustees to agree on a recovery plan following an increased deficit of £5.0m. A £5.0m investment in its manufacturing facility is underway to increase capacity and include automation using cutting-edge Artificial Intelligence imagery and inspection technology. The company is experiencing strong demand for its carbon-zero and low-carbon product ranges and is confident of making further progress in 2024. AIREA's core brand, Burmatex®, focuses on sustainable innovative flooring solutions for various sectors and has been a strong player in the commercial flooring market since its acquisition in 1984.