RE: Merry Christmas25 Dec 2025 00:37
FY2025 was a key year for the company in establishing a solid pathway for testing adoption, life science services and strategic partnering. In July 2025, RENX announced an agreement with MVP Health Care, a U.S.-based insurer covering more than 700,000 patients. Beyond expanding physician and patient access, this agreement reinforces that Renalytix and kidneyIntelX.dkd are establishing a leadership position in chronic kidney disease management and gaining increasing recognition in the market.
In September 2025, Renalytix signed an agreement with Tempus AI, Inc. (“Tempus”), a clear leader in delivery of integrated advanced diagnostic testing and life science services in the United States. The collaboration with Tempus will enable RENX to accelerate introduction of kidneyintelX.dkd into large hospital systems and community healthcare practices across the U.S., significantly expanding distribution over the next five years. The relationship with Tempus AI has continued to develop positively, with ongoing progress in aligning commercial activities.
The Balance Sheet was further improved with the conversion of an additional $4 million of convertible debt leaving outstanding long-term debt at £3.1m as of October 2025. More than $1.3m in cash from backdated R&D claims and grant income, further strengthening the balance sheet. Administrative expenses decreased by more than 40% year-on-year, driven by headcount and operations optimization. RENX continue to strengthen there presence in three initial target states - Florida, Texas, and New York. In FY26, they expanded into Arizona their fourth target market which collectively represents approximately 20% of the total addressable kidneyintelX.dkd market. RENX is well positioned to deliver important and necessary change in chronic kidney disease management in the United States and globally.In the coming months and years sales will without doubt improve with the test being made more readily available in healthcare systems.
Not been a bad year for the company, quite the opposite, it has been a very positive one. FY26 will see the partnerships coming to fruition with the test more widely available in the healthcare systems which will mean more sales for the company. Lots to look forward to in the coming year. I'll drink to that.
Hope everyone has a merry xmas and the best of luck for the new year. With any luck we will have some good news from the parterships established, which will have a very positive affect on the SP. As we all know, this is a very volatile stock that can really take off on good news. Next year will be the year.
GLA