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Optima Health (OPT) investor relations material

Optima Health H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary8 Jul, 2025

Executive summary

  • FY 2025 revenue was GBP 105 million, down from GBP 110.9 million due to a lost contract and a descoped contract, but underlying organic growth rate was 4.1%.

  • Adjusted EBITDA was GBP 17.6 million, margin improved to 16.7% despite lower revenue.

  • Statutory operating profit reached GBP 3.2 million, a turnaround from a GBP 0.7 million loss in FY 2024, with underlying profit at GBP 6.0 million excluding GBP 2.8 million demerger and listing costs.

  • Net debt reduced sharply to GBP 2.2 million from GBP 34 million, strengthening the balance sheet post-demerger and IPO.

  • Three acquisitions completed, adding GBP 17 million annualized revenue and expanding into Ireland and new geographies.

Financial highlights

  • Revenue decreased by 5.3% year-over-year due to contract changes, but underlying revenue (excluding lost/descoped contracts) increased by 4.1%.

  • Adjusted EBITDA margin rose to 16.7% from 16.4% the prior year.

  • Exceptional costs fell to GBP 3.9 million, mainly for demerger and integration; GBP 2.8 million related to one-off demerger and listing costs.

  • Net assets increased to GBP 168 million from GBP 127 million year-over-year.

  • Net cash generated from operations (ex-leases) was GBP 5.4 million, up from GBP 0.1 million in H1.

Outlook and guidance

  • Confident in FY 2026 growth, targeting 25% market share in the GBP 1.2 billion UK occupational health market and expansion beyond core market.

  • UK Armed Forces contract to begin delivering significant revenues in 18–24 months, with margins initially below core business but expected to improve.

  • Focus on accelerating SME market penetration and leveraging technology for efficiency.

  • No integration costs expected in FY26; only minor exceptional costs anticipated.

  • Capex guidance for FY26 is GBP 4 million, with ongoing investment in technology and infrastructure.

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Frequently asked questions

Optima Health plc is a United Kingdom-based provider of workplace health and wellbeing services. The company offers a range of occupational health services, including employee health assessments, mental health support, absence management, and workplace risk assessments, helping organizations manage employee wellbeing and regulatory compliance. Optima Health serves both public and private sector clients across industries such as healthcare, construction, and government. Its solutions are designed to enhance workforce productivity, support employee mental and physical health, and reduce overall health-related business risks. The company is headquartered in London, United Kingdom, and its shares are listed on the LSE.

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