Optima Health Plc (OPT.L), a corporate health and well-being solutions provider, on Tuesday reported a decline in revenue for the full year.
For the 12-month period to March 31, 2025, the company registered a profit before tax of 2.575 million pounds, compared with a loss of 0.856 million pounds in the previous year.
This was partly due to a decline in exceptional costs. The comprehensive integration of all the businesses acquired under Marlowe was completed by September 30, 2024, which has resulted in the significant reduction in exceptional costs. The company was also demerged from Marlowe Plc and listed on the AIM, costs associated with this amounted to 2.8 million pounds, considered non-recurring.
Excluding items, profit before tax moved down to 12.8 million pounds from 13.4 million pounds a year ago. This was mainly due to decreased revenue.
Net income was 1.652 million pounds, or 0.03 pence per share, as against a loss of 1.083 million pounds, or 1,030.45 pence per share, in 2024.
Operating profit was 3.240 million pounds, compared with a loss of 0.721 million pounds a year ago. Adjusted EBITDA decreased to 17.6 million pounds from 18 million pounds in 2024.
Total administration expenses moved down to 29.801 million pounds from 37.195 million pounds last year. Cost of sales stood at 72 million pounds as against last year's 74.413 million pounds.
Revenue was 105 million pounds, down from the prior year's 110.9 million pounds. The decrease was primarily due to the loss at retender of one client and the decision of a second client to bring a portion of its occupational health provision in house.
Looking ahead, Jonathan Thomas, CEO of Optima Health, said: "We remain well positioned to deliver growth in FY26. Alongside continued organic expansion, we will continue our disciplined approach to M&A, with recent acquisitions all enhancing our capabilities, footprint, and customer base."
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