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Botanix Pharmaceuticals (BOT) investor relations material
Botanix Pharmaceuticals H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sofdra® prescriptions reached 62,500 in the first 11 months, generating $93.5m gross and $21.2m net revenue.
Net sales revenue surged to $16.5 million for the half-year ended 31 December 2025, up from $0.35 million year-over-year, reflecting the ramp-up of Sofdra sales and marketing efforts.
Sofdra prescriptions shipped grew 171% to 45,769 in H1 FY26, with strong refill rates and adherence 2.5x the industry standard.
Sales force expanded to 50 representatives, completed in Q2 FY26, driving demand and compliance.
Firm commitments secured for A$45m capital raising to support API purchases, marketing, and working capital.
Financial highlights
1H FY26 revenue was $16.5m, up 4671% year-over-year; net revenue for Sofdra® in 1H FY26 was $16.2m, up 219% sequentially.
Adjusted EBITDA for 1H FY26 was ($26.1)m; cash and cash equivalents stood at $31.6m.
Total expenses increased 55% year-over-year to $50.4m; loss before tax was ($33.2)m.
Share-based payments expense decreased to $6.3 million from $10.6 million year-over-year.
Net cash outflow from operating activities was $30.3 million, similar to the prior period.
Outlook and guidance
Selection of an alternate API supplier is expected to reduce COGS by 25–40%.
Management expects continued strong Sofdra sales growth, supported by expanded sales force and high physician intent to prescribe.
Platform is positioned for additional products, aiming to drive future growth and profitability.
Expansion of Sofdra licensing to other regions is planned.
Capital raising of up to $45 million post-period end to support operations and growth initiatives.
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