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Monash IVF Group (MVF) investor relations material
Monash IVF Group Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.FY26 earnings outlook
FY26 underlying NPAT is now expected to be between $17 million and $18 million.
Lower than expected Australian ART market activity in the second half is the main driver for the revised outlook.
Market activity and share
Australian ART market stimulated cycle volumes are down 4.7% on a rolling three-month basis to end of April compared to the prior year.
National market share increased by 1.0% to 20.1% on a rolling three-month basis, with notable gains in some states.
International operations have shown growth, with second half FY26 volumes expected to be materially higher than the prior year.
Operational initiatives and outlook
Clinical network strengthened with new fertility specialists in Victoria and New South Wales after appointing a Chief Medical Officer.
Operational and cost efficiency initiatives are underway, with limited FY26 impact but greater benefits expected in FY27.
Further update to be provided at FY26 full year results on 24 August 2026.
- Underlying NPAT was $10.4M, down 34%, with international and genetics growth offsetting IVF decline.MVF
H1 202617 Jun 2026 - Double-digit revenue and EBITDA growth, rising market share, and strong FY25 outlook.MVF
H1 202517 Jun 2026 - Underlying NPAT up 17.4% to AUD 29.9m; revenue up 19.4% despite AUD 32.6m class action loss.MVF
H2 20248 Jun 2026 - Revenue and EBITDA grew, but NPAT declined; FY26 outlook cautious with dividend resumption planned.MVF
H2 20258 Jun 2026 - Record profit, global expansion, and Vision 2026 defined a year of growth amid class action impact.MVF
AGM 202412 Jan 2026 - FY2025 saw revenue and EBITDA growth, lower NPAT, and no dividend, with renewal and digital focus.MVF
AGM 202520 Nov 2025 - FY25 profit guidance lowered to $27.5m amid market softness and Brisbane incident impacts.MVF
Guidance6 Jun 2025
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