Trading Statement

24 April 2025

One Health Group plc

("One Health", the "Company" or the "Group")

Full Year Trading Update

One Health Group plc (AIM: OHGR), an independent provider of NHS-funded medical procedures, for patients referred through 'Patient Choice' for treatment in Orthopaedics, Spine, General Surgery, Gynaecology and Urology, is pleased to provide the following trading update for the year ended 31 March 2025 ("FY25").

Financial Highlights

· Financial results for the year are expected to be in line with market expectations with full year revenue of approximately £28 million (FY24: £23.0 million) an organic increase of more than 22%.

· FY25 underlying EBITDA expected to be in line with current market expectations.

· The Company listed on AIM on 20 March raising £7.8 million, with net proceeds to the Company of approximately £5.6 million and £2.2 million gross proceeds to selling shareholders.

· Following the fundraise, year-end cash was £11.4 million (including cash in the Employee Benefit Trust of £1.2 million) (FY24: £4.7 million) providing substantial resources for investment in growth, including funding of our first surgical hub.

Operational Highlights

· The Group has maintained the strong momentum established in H1 25 delivering a 28% increase in new NHS patient referrals to 17,020 for the year (FY24:13,266), a new record.

· Total patient consultations of 42,238 delivered, an increase of 25% (FY24: 33,695).

· A total of 7,043 surgical procedures delivered for NHS patients (FY24: 6,169) a 14% increase, delivered through 9 independent hospitals.

· A total of 80 NHS Consultants provided their services to the Group over the year, an increase of 27% (FY24: 63).

· Introduced Urology to the range of procedures provided to support a wider population of NHS patients.

· Established 5-year contracts with the Group's largest NHS commissioners representing approximately 70% of revenue, moving away from the historic annual renewal process and derisking future revenue streams.

· Contracts exchanged to purchase land in the North of England with full planning submitted in March 2025 for the construction of the first Surgical Hub which is expected to deliver significant additional operating capacity in 2026.

· Support provided to six NHS trusts over the year with internal waiting list reductions with NHS waiting list patient transfers representing 10% of full year revenue.

· New agreement between the NHS and independent sector announced on 6 January 2025 to help tackle waiting lists and actively promote 'greater patient choice' with the NHS increasingly looking to independent providers for additional support.

The Group intends to announce its full year results around the end of June 2025.

Adam Binns, Chief Executive Officer, said:

"We are very pleased with the performance of the business over the last twelve months and delighted to have raised £7.8 million on our admission to AIM to support the development of our first surgical hub and welcome new investors onto the share register. Organic growth in advance of the hub being completed remains strong, with One Health Group continuing to perform well over the second half of the financial year, well ahead of last year, and setting another new record for new NHS patients choosing One Health through Patient Choice. In addition, we have continued to support local NHS Trusts with their internal patient waiting lists, further reducing the pressure on the NHS and generating a new revenue stream for the Company. The record number of new surgeons applying to provide their services to the Group is testament to the benefits that the Group provides to the wider community of NHS patients.

"We look forward to the future with confidence, as our business model for providing surgical care, free at the point of delivery, becomes more widely adopted to reduce the pressure of waiting lists, expanding our support of the NHS through Patient Choice."

The Directors of One Health Group plc accept responsibility for the contents of this announcement.

For more information, please contact:

Further information on the Company can be found on its website at www.onehealth.co.uk.

About One Health Group plc

One Health engages 80 NHS Consultants (excluding anaesthetists) who sub-specialise in the various surgeries offered by the Company, through a growing network of community-based outreach clinics and surgical operating locations. One Health continues to deliver strong growth and, in the year, to March 2025 provided much needed care to 17,020 new patients, through over 42,000 consultations and over 7,000 surgical procedures. One Health deploys surgeons and anaesthetists that are mostly employed by the NHS, on a subcontracted basis. It currently works with over 100 professionals across 9 independent hospitals and 37 outreach clinics. Within these community-based outreach clinics all consultations and post operative physiotherapy is delivered where required, reducing patient inconvenience and excess travel.

One Health's activities are focused on areas where NHS patient needs are under-supplied by the local NHS service, population density is relatively high and the level of private medical insurance or the ability to self-fund is relatively low. Currently, the Company's activities are focused in Yorkshire, Lincolnshire, Derbyshire, Nottinghamshire and Leicestershire. Revenue is derived from over 60 NHS commissioning bodies in addition to contracts with local NHS Hospital Trusts to transfer their internal waiting list patients to One Health for quicker treatment.

One Health's business model has focused to date on four main areas: orthopaedics, spine, general surgery and gynaecology, with urology introduced at the end of FY25.

Spine and orthopaedics are particularly attractive areas for One Health as the Directors believe that they benefit from powerful growth drivers in terms of an ageing demographic, physical inactivity and an increasing proportion of the population being categorised as obese. Within orthopaedics, the most common surgeries performed by One Health are knee and hip replacements.

*(https://www.onehealth.co.uk/investors)