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Paragon Care (PGC) investor relations material

Paragon Care 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 summary27 Aug, 2025

Executive summary

  • Achieved $3.6 billion in revenue and $95.2 million underlying EBITDA for FY 2025, reflecting an 8.3% revenue increase and 3% EBITDA growth year-over-year.

  • Completed integration of ParagonCare, CH2, and Oborne Health Supplies under a unified strategy, with JDE ERP integration on track for FY26.

  • Launched new business units in Aesthetics, Robotics, and Dental, and expanded distribution partnerships across Asia-Pacific.

  • Secured a $400 million debt facility with no earnings or leverage-based covenants, supporting ongoing growth and integration.

Financial highlights

  • Underlying EBITDA reached $95.2 million, up $2.8 million from the prior year; statutory EBITDA was $88.5 million.

  • Net profit after tax was $31.2 million underlying and $20.6 million statutory.

  • Gross margin dollars increased 8% to $324 million; margin rates remained stable.

  • Free operating cash flow was -$11 million, impacted by delayed receivables from a major retail pharmacy group.

  • Contract logistics sales up 25% to $336 million; clinical manufacturing sales up 9% to $25 million.

Outlook and guidance

  • Revenue and profit expected to grow in FY 2026, with profitability improving as synergies are realized.

  • Revenue growth for FY 2026 anticipated in the mid-single digits, not matching the 8% of FY 2025.

  • Focus on organic growth, integration, and expansion in Asia-Pacific, with a strong M&A pipeline.

  • Directors to revisit dividend policy in FY 2026; further trading updates to be provided at the AGM.

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Frequently asked questions

Paragon Care Limited is a healthcare company that provides medical equipment, devices, and consumables to hospitals, aged care facilities, and primary care providers. Its product portfolio includes diagnostic, surgical, and patient monitoring equipment, as well as infection control, sterilization, and general healthcare supplies. The company also offers technical support, maintenance, and training services, helping healthcare providers optimize equipment usage and ensure continuity of care. Paragon Care operates primarily within the Australian and New Zealand markets. The company is headquartered in Melbourne, Australia, and its shares are listed on the ASX.

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