Monash IVF Group Limited (ASX:MVF) Reports 5.5% Underlying NPAT Growth in 1H25
Financial Performance
Monash IVF Group reported a 11.6% increase in revenue to $140.3 million for the first half of 2025. Underlying EBITDA rose by 10.7% to $35.6 million, maintaining an EBITDA margin of 25%. The Underlying NPAT grew by 5.5% to $15.8 million, aligning with guidance. The company also declared a 1H25 interim dividend of 2.6 cents per share.
Operational Achievements
All three of Monash IVF’s businesses—Domestic ARS, Women’s Imaging, and International ARS—were reported to experience solid revenue and earnings growth. The company’s market-leading success rates increased to 40.2%, and domestic stimulated cycles market share grew to 21.5%. Monash IVF expanded its team with 10 new fertility specialists and advanced its infrastructure projects, including the new Brisbane Clinic set for completion in the first half of 2026. International operations saw significant growth, particularly in KL Fertility and the newly expanded Singapore clinic.
Future Outlook
Monash IVF anticipates the FY2025 Underlying Group NPAT to be between $30.0 million and $31.0 million. The company remains confident in sustainable long-term growth driven by structural demand in the ART sector, including emerging services such as genetics and egg freezing. Ongoing investments and cost optimisation efforts are expected to support stability and growth despite short-term industry volatility.
Executive Comments
Chief Executive Officer and Managing Director, Mr Michael Knaap, stated, “Monash IVF Group has delivered double-digit revenue and EBITDA growth in 1H25, which is a very strong outcome given some short term industry volatility in some of our key markets. Monash IVF’s diversified portfolio (from both a geographic and service prospective), and our recent investment in both organic and inorganic growth, have been critical in maintaining growth momentum over this period.”
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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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