AALTO HAPS LIMITED

1. AALTO HAPS LIMITED 2023-01-12 → present
2. AIRBUS HAPS CONNECTIVITY SOLUTIONS LIMITED 2022-02-18 → 2023-01-12

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company's future viability is dependent upon successful execution of its strategy to commercialise the Zephyr business. The commercialisation requires significant cash to continue to develop the technology and build production facilities capable of building the number of Zephyr planes to service the expected market. At the date of the approval of these financial statements, the Company has access to sufficient cash required to support initial commercialisation and fund committed operations for the foreseeable future. The Directors have considered both the base case and downside scenarios and have not identified any material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern. Therefore, the Directors have adopted the going concern basis of accounting in preparing the financial statements.”

Group structure

1. AALTO HAPS LIMITED · parent
   1. Aalto Haps US LLC 100% · US
   2. Aalto Haps Kenya LTD 100% · Kenya

Significant events

• “On 14th March 2025 the company issued 3,377,644 ordinary shares for consideration of $5.923 per share. The proceeds from the investment will be used to support the Company's ongoing growth initiatives, development and commercialisation.”
• “Subsequent to the reporting date, an event occurred in April 2025 affecting a prototype developed by the Company. While the event impacted the physical condition of the prototype, management has assessed that there is no adverse effect on the associated intangible asset”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

5

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +12%

  £5,227,576 → £5,855,448

• Cash

  +775.9%

  £2,240,919 → £19,627,872

• Net assets

  +25.6%

  £51,020,015 → £64,063,010

• Employees

  +3.8%

  185 → 192

• Operating profit

  -3.2%

  -£33,393,625 → -£34,450,704

• Profit before tax

  -4%

  -£33,159,377 → -£34,492,958

• Wages

  +84%

  £7,382,506 → £13,581,171

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers