MedLife
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MedLife (M) investor relations material

MedLife Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary27 Feb, 2026

Executive summary

  • Consolidated pro-forma turnover reached RON 3.17 billion in 2025, up 16.8%–17% year-over-year, driven by organic growth and acquisitions.

  • Pro-forma EBITDA rose 16.3% to RON 459.4 million, supported by strong demand, new capacity, and acquisitions.

  • Major acquisitions included Routine Med (Tulcea), All Clinic (Moldova), and Medstar (Cluj-Napoca), expanding national and international presence.

  • Hospitals and laboratories led performance, with clinics also contributing, reflecting resilience amid challenging economic conditions.

  • Significant investments included a new hyperclinic in Pitesti and a Neolife oncology center in Bacau.

Financial highlights

  • Pro-forma net result was RON 8.5 million, a 49.2% decrease versus 2024, while statutory net result showed a loss of RON 3.95 million due to FX losses.

  • IFRS revenues increased 16.8% year-over-year, with EBITDA margin at 14% (15.8% pro-forma).

  • Operating expenses as a percentage of sales rose to 94.99%–95.4%, mainly due to higher consumables and salaries.

  • Net cash from operating activities decreased by 22.4% to RON 221.7 million, mainly due to working capital changes.

  • RON 235.7 million allocated to investing activities, including acquisitions and major CAPEX projects.

Outlook and guidance

  • Management expects continued growth through organic development and acquisitions, supported by increased credit facilities.

  • Sufficient liquidity is projected for at least twelve months, with ongoing focus on efficiency and capitalizing on market opportunities.

  • Focus remains on operational efficiency, strategic investments, and leveraging AI and digital technologies.

  • Plans to scale up genetic testing and pursue further acquisitions in complementary healthcare fields.

How do 2025 acquisitions affect Group's EBITDA?
Quantify FX impact on 2025 financial loss
Detail the use of the increased credit facility
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