RAMSAY SANTE : Half-year results at the end of December 2025

Core Insights - Ramsay Santé reported a solid revenue growth of 3.3% to €2.6 billion for the first half of the fiscal year ending December 31, 2025, driven by a quality medical offering and operational efficiency [4][12] - The company faced ongoing funding pressures from public payors, impacting profitability despite stable EBITDA margins [4][17] - Ramsay Santé is focused on innovation, operational excellence, and financial discipline to support sustainable growth and prepare for future development phases [4][10] Financial Performance - Revenue increased to €2,589.1 million from €2,507.2 million, reflecting a 3.3% growth, with like-for-like growth at 2.3% [5][12] - EBITDA remained stable at €284.8 million, with a margin of 11.0%, slightly down from 11.4% the previous year [5][16] - The net loss attributable to the group improved to €(34.9) million from €(43.1) million, marking an 8.2 million improvement year-on-year [5][22] Operational Highlights - The company served 13 million patients across Europe, with 60% of facilities operating in underserved areas, emphasizing equitable healthcare access [8][30] - Significant operational momentum was noted in Sweden, with disciplined execution of performance plans driving efficiency and improved cash collection [8][15] - Ramsay Santé successfully transitioned into a new eight-year contract for St. Göran's Hospital, valued at €4.8 billion, enhancing its operational footprint in the Stockholm region [9][10] Strategic Developments - Ramsay Santé is preparing for a potential distribution of its shareholding by Ramsay Health Care Limited, which could lead to a broader shareholder base and support its strategic roadmap [10][11] - The company is committed to maintaining rigorous financial management while pursuing innovation and operational excellence [10][11] - The Board of Directors approved the consolidated financial statements for the six-month period ended December 31, 2025, reflecting the company's ongoing commitment to transparency and governance [4][10]