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NIOX Group
NIOX Group (NIOX) investor relations material
NIOX Group H2 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 TU earnings summary20 Jan, 2026
Executive summary
Achieved strong financial performance ahead of market expectations for the year ended 31 December 2025.
Successfully launched the next-generation NIOX PRO® device, with the first sale in December 2025.
Maintained robust commercial momentum and a strong balance sheet entering 2026.
Financial highlights
Revenue grew 17% year-over-year to approximately £48.7m (2024: £41.8m).
Adjusted EBITDA rose 21% to approximately £16.7m, exceeding consensus expectations.
Gross margin was 69%, down 3% from 2024 due to a higher mix of device-heavy research sales.
Year-end cash balance was £19.9m, up from £10.9m, after a £5.0m dividend payment.
Outlook and guidance
Anticipates continued profitable growth, strong cash generation, and further shareholder value.
Research revenue expected to normalize to historical levels after an exceptional 2025.
Preliminary results for FY2025 to be released in late March 2026.
How will normalized research revenue affect 2026 growth?
NIOX PRO® rollout plan and 2026 contribution
What is the market opportunity for FeNO in COPD?
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Next NIOX Group earnings date
H2 20251 Apr, 2026
NIOX Group
Next NIOX Group earnings date
H2 20251 Apr, 2026
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Frequently asked questions
NIOX Group Plc is a medical device company focused on the diagnosis and management of respiratory diseases, with a particular emphasis on asthma. The company's flagship product, NIOX VERO, is a non-invasive, point-of-care device designed for the measurement of fractional exhaled nitric oxide, which is a biomarker for airway inflammation in asthma patients. This device aids healthcare professionals in diagnosing and managing asthma by providing precise FeNO measurements. The company is headquartered in Oxford, United Kingdom, and its shares are listed on the London Stock Exchange.
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