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Alcidion Group (ALC) investor relations material
Alcidion Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record half-year revenue of $25.5M (AUD 25.5M), up 44% year-over-year, driven by recurring revenue and major contract expansions in both Australia/New Zealand and the UK.
Underlying EBITDA reached $4.2M, a 675% increase year-over-year, with net profit after tax of $1.33M, reversing a prior loss.
Annual Recurring Revenue (ARR) reached $31.1M as of December 2025, up 29% year-over-year.
Flagship Miya Precision platform expanded to over 400 hospitals, delivering real-time clinical decision support.
Net cash position of $14.2M and no debt as of 31 December 2025.
Financial highlights
H1 revenue of $25.5M, with $7.8M increase over prior year; UK contributed $5.8M of the increase.
Recurring revenue made up 76% of H1 revenue, with significant growth in both ANZ and UK regions.
Gross margin at 83%, down from 87% year-over-year, due to higher third-party product content.
Operating cash outflow improved to $2.6M, a $1.7M improvement year-over-year.
Ended H1 with $14.2M in cash, up from $7.7M last year.
Outlook and guidance
FY26 revenue expected to exceed $50M, with EBITDA above $5M and positive operating cash flow.
Contracted and renewal revenue for FY26 at $43.1M as of 31 Dec 2025, excluding potential UHSussex contract.
Anticipated UHSussex contract could exceed $35M over seven years, with deployment targeted for Q4 FY26.
Guidance includes anticipated upfront fee from UHS Sussex contract and marginal increases in OpEx.
Gross margin expected to return to mid-to-high 80s in future years.
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