RE: Strong RNS18 Feb 2025 15:58
Commenting, Roy Davis, Non Executive Chair of Inspiration Healthcare, said: "I am pleased to report a strong second half performance despite not being able to recognise the partial Middle Eastern contract shipment made in the period. While revenues were therefore slightly behind market expectations we have delivered a positive EBITDA for the full year.
"While frustrated with the delays to the Middle Eastern contract, this has been outside of our control and having secured the first shipment it is now expected to be fully executed in FY26. We are also delighted to have secured in H2 our largest single contract to date for $6 million with an international trusted Non-Governmental humanitarian aid organisation, for delivery in the first half of FY26. Combined, these contracts provide a strong platform to the first half of FY26.
"Overall, we have had a very busy year implementing our 'Back to Basics' strategy, delivering savings through restructuring and recently welcomed a new CEO, Raffi Stepanian, who joined us in January. Our goal is to build on the momentum from the second half of last year to deliver sustained growth in revenue, profit and cash generation."