Telix Pharmaceuticals (NasdaqGS:TLX) H2 2025 Earnings call February 19, 2026 05:30 PM ET Company ParticipantsAndrew Paine - Head of ResearchChristian Behrenbruch - CEO and Managing DirectorDarren Smith - CFOKevin Richardson - CEO of the Precision Medicine BusinessKyahn Williamson - SVP of Investor Relations and Corporate CommunicationsLaura Sutcliffe - Head of Healthcare ResearchNick Lorusso - VP of Equity ResearchConference Call ParticipantsAndy Hsieh - Equity Research AnalystCraig Wong-Pan - Director and ...

Telix Pharmaceuticals (NasdaqGS:TLX) H2 2025 Earnings call February 19, 2026 05:30 PM ET Speaker13Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Kyahn Williamson, SVP of Investor Relations and Corporate Communications. Please go ahead.Speaker9Thank you, and thank you to everybody for joining us on this call this morning, this evening, wherever you are in the world. We launched our annual report and full year results on the ASX ...

Full Year Results Presentation For personal use only February 20, 2026 ASX: TLX | NASDAQ: TLX - FY 2025 treatment 18 F -FET scan published in EJNMMI showing a patient with recurrent glioblastoma (GBM) who experienced a near -complete response following treatment with TLX101 -Tx (Iodofalan (¹³¹I), [¹³¹I]IPA), Telix's investigational LAT1 -targeted therapy. Patient representative scans, individual results may vary. Post - treatment Pre Presenters Agenda For personal use only Kyahn Williamson SVP Investor Rela ...

Core Insights - Telix Pharmaceuticals reported fiscal 2025 revenue of approximately $804 million, meeting its upgraded guidance of $800-$820 million [1] - The company experienced a significant 46% year-over-year increase in fourth quarter revenue, totaling around $208 million [2] - The Precision Medicine business generated approximately $161 million in revenue, reflecting a 4% quarter-over-quarter growth driven by the successful U.S. launch of Gozellix [2] Financial Performance - Fiscal 2025 revenue was approximately $804 million, aligning with guidance [1] - Fourth quarter revenue increased by 46% year-over-year to around $208 million [2] - Precision Medicine revenue was approximately $161 million, with a 4% quarter-over-quarter growth [2] Clinical Advancements - The company is advancing clinical studies, including the ProstACT Global Phase 3 study and the SOLACE Phase 1 study in the U.S. [3] - Telix dosed the first patient in the U.S. for the BiPASS Phase 3 trial to evaluate its PSMA-PET imaging agents [4] Strategic Collaborations - Telix announced a strategic collaboration with Varian to explore the combination of its radiopharmaceuticals with external beam radiation therapy [5] Stock Performance - Telix stock is currently trading 5.5% below its 20-day simple moving average and 22.6% below its 100-day SMA, indicating a bearish trend [6] - Over the past 12 months, shares have decreased by 56.91% [6] - The stock carries a Buy Rating with an average price target of $21.20, despite trading at a premium P/E multiple [8] Analyst Insights - Analysts view the shift from a diagnostic-focused business to a pure-play radiopharmaceutical company as a positive development [9] - The bull case for Telix is based on the potential for durable cash flows from Illuccix and Gozellix [9] Market Position - Telix Pharmaceuticals' Benzinga Edge scorecard indicates a challenging outlook, with low momentum and a premium value score [10] - The stock was down 6.86% at $7.20 at the time of publication [11]

MELBOURNE, Australia and INDIANAPOLIS, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Telix Pharmaceuticals Limited (ASX: TLX, NASDAQ: TLX, “Telix”) provides an update on its commercial and operational performance for the quarter ended 31 December 2025 (Q4 2025). Q4 2025 Highlights Full-year (FY) 2025 unaudited Group revenue of approximately US$804 million (A$1.2 billion1), in line with upgraded guidance of US$800-$820 million2 (previously US$770-800 million).Q4 2025 unaudited Group revenue of approximately US$208 mill ...

Core Viewpoint - Telix Pharmaceuticals has initiated the BiPASS™ Phase 3 trial in the U.S. to evaluate the effectiveness of its PSMA-PET imaging agents, Illuccix® and Gozellix®, in improving prostate cancer diagnosis and reducing unnecessary biopsies [1][2][4]. Group 1: BiPASS™ Trial Overview - BiPASS™ is the first study aimed at obtaining marketing authorization for Ga-PSMA-PET imaging in the pre-biopsy setting, enrolling 250 patients across the U.S. and Australia [2][3]. - The trial seeks to determine if combining MRI with Illuccix/Gozellix can enhance diagnostic accuracy and minimize unnecessary biopsies compared to current practices [2][3]. Group 2: Prostate Biopsy Context - Over one million prostate biopsies are conducted annually in the U.S., with up to 75% yielding negative results, and one in four patients opting out of the procedure [3]. - The BiPASS™ study aims to improve lesion detection and patient stratification by integrating non-invasive imaging early in the diagnostic process, potentially leading to fewer biopsies or more precise ones [3][4]. Group 3: Potential Impact - If successful, the BiPASS™ study could significantly reduce unnecessary biopsies, enhance patient experience, and broaden access to precision imaging for suspected prostate cancer patients [4][5]. - The trial aligns with Telix's commitment to clinical innovation and patient-centric approaches, aiming to eliminate invasive biopsy procedures [5]. Group 4: Company Background - Telix Pharmaceuticals is a biopharmaceutical company focused on developing and commercializing therapeutic and diagnostic radiopharmaceuticals, headquartered in Melbourne, Australia, with operations in multiple countries [23]. - The company is developing a portfolio of products to address unmet medical needs in oncology and rare diseases, with Illuccix and Gozellix already transforming prostate cancer management [23][24].

Company Overview - Telix Pharmaceuticals Limited (NASDAQ:TLX) is a biotechnology company focused on developing treatments for prostate and kidney cancer [2] - The company's prostate cancer therapy candidate TLX591 is currently in a phase three study called ProstACT, which aims to enroll approximately 490 patients [2] Recent Developments - On December 8th, Telix Pharmaceuticals announced that it had dosed the first patient in part two of the ProstACT study [2] - In September, the company received Medicare and Medicaid's Transitional Pass-Through payment status for its prostate cancer imaging agent Gozellix, allowing hospitals to receive separate reimbursement for its use [3] Financial Performance - In the third quarter, Telix Pharmaceuticals reported $206 million in revenue, reflecting a 53% annual growth [3] - The company increased its fiscal 2025 revenue guidance to $820 million from $800 million, with revenue from imaging products like Gozellix contributing significantly to sales [3]

Core Insights - Telix Pharmaceuticals reported a strong third-quarter performance for fiscal 2025, with revenues of $206 million, reflecting a 53% year-over-year increase and a 1% sequential increase [1] - The company has raised its fiscal year 2025 sales guidance from a range of $770 million-$800 million to $800 million-$820 million [6] Revenue Breakdown - PSMA imaging revenue increased by 17% to $155 million, while RLS third-party revenue reached $47 million [1] - The increase in dose volumes by 3% indicates that competitive pricing pressures are stabilizing [5] Product Developments - Gozellix, a radioactive diagnostic agent for prostate cancer, is now fully reimbursed by CMS, effective October 1 [2] - Illuccix has been approved in 19 European markets and the U.K., with commercial launches already initiated in several countries including the U.K., Germany, and France [3] Clinical Trials - The BiPASS trial for MRI + PSMA-PET for prostate cancer diagnosis has begun dosing its first patients [4] - The ProstACT Global Phase 3 trial–Part 2 is now open for enrollment, with preliminary safety profile and dosimetry results expected after patient monitoring [4] Market Performance - Telix Pharmaceuticals' stock increased by 3.60%, reaching $9.88 at the time of publication [6]

Core Insights - Telix Pharmaceuticals reported a significant increase in Q3 2025 revenue, reaching approximately $206 million, which is a 53% increase year-over-year [3][6] - The company has raised its full-year 2025 revenue guidance to between $800 million and $820 million, reflecting strong performance in its PSMA imaging products [6][16] - Gozellix has received full reimbursement from the Centers for Medicare and Medicaid Services (CMS) in the U.S., effective October 1, 2025, enhancing its market position [6][15] Financial Performance - Q3 2025 group revenue was $206 million, compared to $135 million in Q3 2024, marking a 53% increase [3] - PSMA imaging revenue for Q3 2025 was $155 million, up 17% from $132 million in Q3 2024 [3] - RLS third-party revenue reached $47 million, with a notable increase from zero in Q3 2024 [3] Business Highlights - The company has two FDA-approved PSMA imaging agents, which are expected to enhance market share across various customer segments [4] - Gozellix's reimbursement status is expected to improve production flexibility and customer choice [4] - Telix has commenced commercial launches of Illuccix in multiple European markets, including the UK, Germany, and France [6][15] Clinical Development - The first patients have been dosed in the BiPASS™ trial, which aims to evaluate MRI combined with PSMA-PET imaging for prostate cancer diagnosis [6][15] - The ProstACT Global Phase 3 trial has opened for enrollment in several countries, including Australia, New Zealand, and Canada [7] - TLX250 has received ethics approval to commence a pivotal trial in advanced metastatic clear cell renal cell carcinoma [7] Regulatory and Corporate Updates - Telix has received radiation licenses for its manufacturing facilities in North Melbourne and Yokohama, preparing for operational readiness [12] - The company successfully executed a buy-out of remaining variable payments related to the acquisition of Advanced Nuclear Medicine Ingredients (ANMI) due to strong sales performance [13] - Telix plans to resubmit the New Drug Application for its brain cancer imaging candidate, Pixclara, during Q4 2025 [10]

Core Insights - Telix Pharmaceuticals Limited is recognized as one of the most oversold healthcare stocks in 2025, focusing on precision oncology and targeted radiotherapies with active clinical programs in prostate cancer and rare oncologic conditions [1] Financial Performance - In the 2025 half-year update, Telix reported a 30% revenue increase in its Precision Medicine segment, driven by strong demand for its PET imaging agent, Illuccix, and the launch of new products like Gozellix, Zircaix, and Pixclara in international markets [2] - The company has expanded its manufacturing capabilities through Telix Manufacturing Solutions to support clinical and commercial operations globally [2] Research and Development - Telix increased its R&D spending by 47% year-over-year to $81.6 million, continuing to invest in its therapeutics pipeline despite being oversold [3] - Key milestones include the completion of target enrollment for the Phase 3 TLX591 trial in advanced metastatic castration-resistant prostate cancer (mCRPC), initiation of a Phase 1 trial for TLX592, and the start of the pivotal IPAX BrIGHT trial for TLX101 in metastatic brain cancer [3][4] - The company also gained IND approval for a Phase 1 study of TLX090 to manage bone pain in osteoblastic metastatic disease [3] Strategic Positioning - Diagnostic growth is further supported by the dosing of the first patient in the pivotal Phase 3 BiPASS trial, aimed at expanding indications for Illuccix and Gozellix in prostate cancer imaging [4] - Telix's dual strategy of commercial expansion and clinical innovation positions it as a leader in radiopharmaceuticals and precision oncology globally [4]