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Microba Life Sciences (MAP) investor relations material
Microba Life Sciences Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary28 Oct, 2025
Executive summary
Achieved annualized run rate of 20,000 core tests globally, with strong growth in Australia and the UK, supporting the path to regional break-even by FY26 end.
Q1 FY26 core tests reached 4,931, up 145% year-on-year, with record MetaXplore sales in Australia and the UK.
Strategic discontinuation of legacy products, with legacy revenue replaced by growth product revenue; transition to focus on core Growth testing products is nearly complete.
Major brand consolidation and operational efficiency initiatives are scheduled for Q2 FY26 to unify global brands and enhance marketing efficiency.
Transitioned therapeutics from R&D to a partnering phase, with sector deal catalysts expected before end of CY2025.
Financial highlights
Q1 FY26 total revenue was $3.6m (AUD 3.6 million), down 1% year-on-year due to legacy product discontinuation; excluding legacy, revenue grew 42%.
Growth product revenue reached $1.9m, up 151% year-on-year; base product revenue was $1.3m, down 15% year-on-year.
Core testing product volumes up 145% year-on-year.
UK supplement sales were $1.0m, down 20% year-on-year, but Invivo branded supplements grew 7% year-on-year.
Cash and equivalents at 30 September 2025 totaled $13.89m.
Outlook and guidance
On track to achieve regional break-even in Australia and the UK by end of FY26, targeting over 24,000 core tests.
Already reached an annualized run rate of 20,000 tests, with growth expected to accelerate in the second half.
Q2 FY26 will mark the completion of the transition to core Growth products, with no legacy product revenue from Q3.
Entry into US and Europe planned, with initial market penetration in one geography per region.
No further R&D expenditure from FY26; focus shifts to partnering and deal-making in therapeutics.
Path to company breakeven after regional?
MetaPanel adoption strategy for FY'27?
How do pending trial readouts impact deals?
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Next Microba Life Sciences earnings date
Q2 202629 Jan, 2026
Next Microba Life Sciences earnings date
Q2 202629 Jan, 2026
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Frequently asked questions
Microba Life Sciences Limited is a biotechnology company specializing in microbiome analysis and therapeutics. The company provides advanced gut microbiome testing services using metagenomic sequencing technology to offer insights into human health. Microba also conducts research and development to discover and develop microbiome-based therapeutics targeting conditions such as inflammatory and metabolic diseases. The company is headquartered in Brisbane, Australia, and its shares are listed on the ASX.
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