Nanosonics Limited (ASX:NAN) Announces 2025 Half-Year Financial Results
Financial Performance
Nanosonics reported a half-year total revenue of $93.6 million, an 18% increase compared to the prior corresponding period. Capital revenue rose by 11% to $24.4 million, while consumables and service revenue increased by 20% to $69.2 million. Operating profit before tax reached $10.9 million, up from $4.9 million in the prior period.
Operational Highlights
The company installed 1,730 capital units during the half, increasing the installed base by 1,050 units to 35,840, alongside 680 upgrade units. The trophon only business delivered a profit before tax of $25.6 million, a 41% rise compared to the prior period. Cash flow stood at $13.8 million, with cash and equivalents totaling $144.5 million and no debt.
Product Development
CORIS, the new endoscope cleaning technology, is progressing through the FDA’s de novo review process, targeting its first commercial launch in Q1 FY26.
Business Outlook
Following the strong half-year results, Nanosonics has increased its full-year revenue outlook range from 8-12% to 11-14%, considering continued growth in operational performance.
Executive Comments
Michael Kavanagh, Chief Executive Officer and President, stated, “As indicated in the Company’s trading update on 23 January 2025, the first half revenue result of $93.6 million represents a good start to the year up 18% compared to pcp and 4% compared to H2 FY24. This half year result represents a solid foundation to build on for the remainder of the financial year. Consequently, the range for revenue outlook for the full year has been increased from 8-12% to 11-14%.”
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Nanosonics. The Motley Fool Australia has positions in and has recommended Nanosonics. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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