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Optima Health plc - Full Year Trading Update
Globenewswire· 2025-05-12 11:00
Core Insights - Optima Health plc reported a full year revenue of approximately £105 million, aligning with market expectations, with a 7% growth in H2 2025 compared to H1 2025 [6][10] - The Group's net debt position (excluding leases) as of 31 March 2025 was £2.2 million, with a cash balance of £14.8 million and drawdowns from a revolving credit facility of £17.0 million [6][10] - Optima has made significant operational progress since its AIM listing in September 2024, winning new contracts and making strategic acquisitions to enhance long-term growth [7][10] Strategic Contracts and Acquisitions - In February 2025, Optima was selected as the exclusive medical assessment provider for the UK Ministry of Defence's Armed Forces Recruitment Service, with a contract valued at up to £210 million over an initial 7-year term [8] - The Group acquired Cognate Health Limited for up to €9 million, expected to add approximately €7 million in revenue and €1 million in EBITDA annually [9] - Optima also acquired BHSF Occupational Health Limited for £1.4 million, anticipated to contribute around £7 million in revenue per year, and Care first for a net consideration of £15,000, expected to add approximately £3.7 million in revenue annually [9] Future Outlook - Optima is expected to report its Preliminary Results for the twelve months ended 31 March 2025 by mid-July 2025 [10] - The CEO expressed confidence in the company's ability to capture further market share and enhance its position as the UK's leading occupational health and wellbeing partner [11]