Don’t break out the celebratory Wensleydale just yet. Aardman, the British animation studio behind the cheese-loving inventor Wallace and his beloved dog Gromit, has fallen short of a target to get back in the black, its accounts show.

The employee-owned business was aiming to record a small profit in 2025 after two years of consecutive losses but was hit by production delays and a “challenging market” in children’s content.