28th May 2025 15:34
(Alliance News) - Inspiration Healthcare Group PLC on Wednesday said its annual pretax loss widened amid higher costs and impairment charges, though it pointed to sales momentum in the second half and a strong start to the new financial year under its recently appointed chief executive officer.
Shares in Inspiration Healthcare were down 5.8% at 18.38 pence on Wednesday afternoon in London.
The Croydon, England-based healthcare technology company reported a pretax loss of GBP15.7 million for the year to January 31, widening from GBP5.7 million a year earlier. The loss included GBP12.8 million in non-recurring items, such as a GBP10.3 million impairment charge and GBP1.6 million in restructuring costs.
Revenue edged up 1.7% to GBP38.3 million from GBP37.6 million, with growth in its Infusion Therapies and Specialty Ventilation units offsetting a 15% decline in Neonatal product sales. The gross margin narrowed to around 43% from 48%, and the adjusted Ebitda dropped to GBP200,000 from GBP2.0 million.
Inspiration Healthcare said no final dividend was recommended for financial 2025, unchanged from the prior year. It paid no total dividend, compared to 0.205 pence per share a year earlier.
Chief Executive Officer Raffi Stepanian, who took over in January, said the business had shown a "great turnaround" in the second half, helped by renewed commercial focus and international sales. "We start financial 2026 with a strong order book," he added, noting the impact of key contract wins in the Middle East and with a global humanitarian organisation.
By Eva Castanedo, Alliance News reporter
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