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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.
Executive summary
FY 2025 revenue was £105m, down from £110.9m in FY 2024 due to contract loss and descoping, but underlying organic growth was 4.1%.
Adjusted EBITDA reached £17.6m with margin improvement to 16.7%, reflecting strong cost management.
Statutory operating profit was £3.2m, a turnaround from a £0.7m loss, with £2.8m in one-off demerger and IPO costs.
Net debt reduced sharply to £2.2m from £34m, mainly due to the demerger and IPO.
Three acquisitions completed, adding £17m annualised revenue and expanding into new geographies.
Financial highlights
Revenue: £105m (FY24: £110.9m), reflecting a 5.3% decrease due to contract changes.
Adjusted EBITDA margin improved to 16.7% despite revenue decline.
Exceptional costs fell to £3.9m, mainly for demerger and integration.
Net assets increased to £168m from £127m year-over-year.
Net cash from operations was £5.4m, up from £0.1m in H1.
Outlook and guidance
Confident in FY 2026 growth, with a strong pipeline of M&A and organic opportunities.
Targeting 25% market share and expansion beyond core market.
UK Armed Forces contract expected to deliver service revenues in 18–24 months, with initial margins below core business but targeted for improvement.
No integration costs expected in FY26; only minor exceptional costs anticipated.
Capex guidance for FY26 is £4.0m, with ongoing investment in technology and infrastructure.
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