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24 Jul 2025 07:00
Inspiration Healthcare Group plc
("Inspiration Healthcare", the "Company" or the "Group")
AGM Statement
Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company pioneering best-in class, specialist neonatal intensive care medical devices, announces that at the Company's Annual General Meeting to be held at 12.00 p.m. today, Chair Roy Davis will make the following statement.
"FY25 was a year of strategic reset and renewed momentum as we implemented our 'back to basics' approach. Although revenues grew modestly by 1.7% to £38.3 million in FY25, we reported a much stronger H2 performance which has continued into FY26. The actions taken to streamline operations and refocus commercial efforts alongside the appointment of our new CEO Raffi Stepanian in January 2025 have laid solid foundations for future growth.
"In the final quarter of last year, we secured our largest single contract to date, at $6 million for SLE6000 and SLE1500 ventilators plus associated accessories and consumables with a trusted global humanitarian aid group focusing on child and infant welfare. All deliveries for this contract have now been fulfilled and a majority of payments received while installation and training are underway, and we look forward to future collaborations with this organisation.
"The first shipment of ventilators and accessories for the previously announced Middle East contract has also been completed in the current period and payment now received. These larger contracts and actions taken under the 'back to basics' approach are now feeding through into reduced working capital and a reduction in net debt as anticipated.
"We entered FY26 with clear strategic direction, a strengthened leadership team and growing market opportunities. With the benefit of a restructured commercial platform and a sharper operational focus, we are confident in delivering a strong first half and meeting market expectations for the full year."
For enquires:
Inspiration Healthcare Group plc | Tel: +44 (0)330 175 0000 |
Raffi Stepanian, Chief Executive Officer Alan Olby, Chief Financial Officer | |
Panmure Liberum (Nominated Adviser & Broker) | Tel: +44 (0)20 3100 2000 |
Emma Earl / Will Goode / Will King | |
| |
Walbrook PR Ltd (Media and Investor Relations) | Tel: +44 (0)20 7933 8780 or inspirationhealthcare@walbrookpr.com |
Anna Dunphy / Rachel Broad | Mob: +44 (0) 7876 741 001 |
About Inspiration Healthcare
Inspiration Healthcare (AIM: IHC) designs, manufactures and markets pioneering medical technology. Based in the UK, the Company specialises in neonatal intensive care medical devices, which are addressing a critical need to help to save the lives and improve the outcomes of patients, starting with the very first breaths of life.
The Company has a broad portfolio of its own products and complementary distributed products, for use in neonatal intensive care designed to support even the most premature babies throughout their hospital stay. Its own branded products range from highly sophisticated capital equipment such as ventilators for life support through to single-use disposables.
The Company sells its products directly to hospitals and healthcare providers in the UK and Ireland, where it also distributes a range of advanced medical technologies for infusion therapy. In the rest of the world the Company has an established network of distribution partners around the world giving access to more than 75 countries.
The Company operates in the UK from its Manufacturing and Technology Centre in Croydon, South London, and in the USA from its facility in Melbourne, Florida.
Further information on Inspiration Healthcare can be found at www.inspirationhealthcaregroup.com
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