Full year Trading Update and Notice of Results

Core Insights - OXB expects to report revenues for FY 2025 at the upper end of guidance, with a significant growth trajectory and a pivot towards EBITDA profitability [2][3][8] - The company reiterates its financial guidance for 2026, maintaining expectations for continued revenue growth and improved EBITDA margins [9][20] Financial Performance - For FY 2025, OXB anticipates revenues between £166-169 million, reflecting a nearly 30% increase from FY 2024 revenues of £128.8 million and almost 90% growth since FY 2023 [3][8] - The expected Operating EBITDA profitability for FY 2025 is mid-to-high single-digit million pounds, including a non-recurring gain from the acquisition of a manufacturing facility [4][19] - The contracted value of client orders reached £224 million for FY 2025, a 20% increase from £186 million in FY 2024, indicating strong demand for OXB's services [6][8] Future Outlook - FY 2026 revenues are projected to be between £220-240 million, with anticipated year-on-year growth of 25-30% in 2027 and 2028, outpacing the broader market [9][20] - Operating EBITDA margin is expected to exceed 10% in FY 2026 and reach at least 20% for FY 2027, with long-term potential approaching 30% as capacity expands [9][20][21] Operational Efficiency - The company has demonstrated improved operational efficiency across its global network, contributing to sustained revenue growth and profitability [3][4] - A strong balance sheet is maintained, with a gross cash position of £96.9 million and a net cash position of £55.4 million, bolstered by a £60 million equity raise and a new loan facility [5][6]