Hmmm6 May 2026 11:54
Looking Very Strong Going Forward.. Path to Pharmacy Breakeven
The Group now operates two GPhC-registered NHS dispensing hubs (Swaffham and Runcorn) under a common technology, clinical governance and commercial infrastructure. At their peak in 2024, Runcorn dispensed over 100,000 items per month and the facility in Swaffham dispensed over 30,000 items per month. Management forecasts pharmacy-level EBITDA breakeven for the Group at a run rate of 80,000 items per month and in March dispensed over 40,000. NHS pharmacy gross margins are in excess of 34%, with strong operating leverage as fixed costs are absorbed over rising volumes. This is a pharmacy operating-company metric; Group profitability additionally benefits from continued growth at MedPal.clinic, MedPal Health OS and the at-home blood test kit business, each of which complements all of the other elements of the MedPal Group via customer introduction and data sharing to provide customers with personalised, real-time healthcare.