The degradation of thermal properties due to ageing such as burning rate and exothermic heat release are unsolved issues faced during a long-term storage of the pyrotechnic substances. Accordingly, we employed various non-calorimetric methods to investigate the thermal performance of pyrotechnic delay, which is exposed to various moisture-rich conditions at extended durations. The chemical and physical changes in the compositions of a pyrotechnic delay comprised of metal fuel (Zr-Ni alloy) and oxidants (KClO4, BaCrO4) are analysed for four different relative humidity levels using X-ray photoelectron spectroscopy, X-ray diffraction, scanning electron microscope and laser-induced breakdown spectroscopy. The calculations using the NASA Chemical Equilibrium with Applications (CEA) software indicated that the heat of reaction for the components stored under the moisture-rich conditions is reduced by more than 50%. Unlike the conventional calorimetric analysis, the present non-calorimetric approach provided the compositional changes as well as the cause and effect of the relevant ageing process of pyrotechnic delay.