Nanosonics (NAN) H1 2025 earnings summary

Executive summary

• Revenue for the half reached AUD 93.6 million (or $93.6M), up 18% year-over-year and 4% sequentially, driven by strong growth in both capital and consumables/service revenue.

• Gross profit margin improved to 78.5%, reflecting inventory management and normalized production volumes.

• Net profit for the half was AUD 9.8 million, up 58% year-over-year.

• Operating profit before tax rose to AUD 10.9 million, more than doubling from the prior period.

• Cash and cash equivalents increased to AUD 144.5 million with no debt, supporting flexibility for growth and investment.

Financial highlights

• Total revenue for the half was AUD 93.6 million, up 18% year-over-year.

• Capital revenue grew 11% to AUD 22.7 million; consumables and service revenue rose 20% to AUD 62 million.

• Gross profit was AUD 73.4 million, with gross margin at 78.5% (down from 79.7% year-over-year, up from 76.3% sequentially).

• Operating profit before tax was AUD 10.9 million, up 124% year-over-year.

• Cash flow generated was AUD 13.8 million, with a cash balance of AUD 144.5 million and no debt.

Outlook and guidance

• Full-year revenue growth guidance raised to 11%-14%, or 13%-16% with current FX rates.

• Gross margin guidance narrowed to 78%-79%.

• OPEX guidance refined to 8%-10% growth, reflecting higher anticipated sales and commissions.

• Guidance subject to macroeconomic, political, and competitive uncertainties, especially in the US.

• CORIS commercialization targeted for Q1 FY26, pending regulatory approvals.