LONDON - One Health Group plc (AQSE: OHGR), a provider of NHS-funded surgeries, reported a robust financial performance for the first half of the fiscal year ending September 30, 2024, with significant increases in revenue, profitability, and cash balance. The company also announced a 2% increase in its interim dividend to 2.07 pence per share.
The Group's revenue climbed by 22% to £13.30 million compared to the same period last year, while underlying EBITDA surged by 40% to £0.960 million. Underlying earnings per share (EPS) saw a substantial rise of 74%, reaching 7.46 pence. The cash balance stood at £4.89 million, marking a 34% improvement.
One Health also experienced a record number of new patient referrals, totaling 7,857, a 29% increase from the previous year. Surgical procedures performed on NHS patients through nine independent hospitals rose by 14%. These operational successes were complemented by the expansion of outreach clinics and the onboarding of seven new clinicians.
The company's interim results have been reported under the International Financial Reporting Standards (IFRS) for the first time, reflecting a potential move to the AIM, a market operated by the London Stock Exchange (LON:LSEG). This transition involved a restatement of the previous year's figures and the consolidation of the Employee Benefit Trust (EBT), which impacted the Group's reported profits and equity.
One Health's CEO, Adam Binns, highlighted the company's strong performance in the first half of the year, with significant growth in turnover, EBITDA, and new patient referrals. Binns expressed confidence in achieving year-end forecasts, given the company's performance and the ongoing demand for NHS surgeries.
Looking ahead, One Health anticipates continued high levels of NHS patient referrals and has established additional surgical capacity with two new independent hospitals. The company also expects to submit planning for a new surgical hub, which could significantly enhance operating capacity and profitability in 2026.
One Health focuses on providing care in areas where NHS patient needs are under-supplied, targeting regions with high population density and lower levels of private medical insurance. The company's services span orthopaedics, spine, general surgery, and gynaecology, with a significant portion of procedures in orthopaedics and spine surgeries.
The information presented in this article is based on a press release statement from One Health Group plc.
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