REG - Diaceutics PLC - 22% Revenue Growth H125 representing 3-yr CAGR 25%

DiaceuticsAnnouncement

Tue 07:00

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RNS Number : 9067R  Diaceutics PLC  22 July 2025

Diaceutics PLC

("Diaceutics" or the "Company")

 

H1 2025 Trading Update

 

Revenue growth of 22% on a constant currency basis to £14.6 million in H1
2025 representing a 3-year CAGR of 25%

 

Continued strong commercial momentum in H1 2025

 

Order book of £29.4 million with £8.8 million already contracted for H2 2025
delivery

 

Annual Recurring Revenue (ARR) up 16% to £16.4 million, with recurring
revenue now representing 70% of total H1 revenues

 

17% growth in number of customer therapeutic brands Diaceutics is working with

 

New enterprise-wide agreement signed, bringing total to eight, representing
£10.1 million in ARR

 

Diaceutics continues to demonstrate its ability to be the primary
commercialisation partner for pharma and biotech companies launching precision
medicines

 

Strong balance sheet with no debt and cash of £10.4 million

 

New York, Belfast and London, 22 July 2025 - Diaceutics PLC
(https://www.diaceutics.com/) (AIM: DXRX), a leading technology and solutions
provider to the pharma and biotech industry, today provides a trading update
for the half year to 30 June 2025. The Company delivered another period of
strong organic growth, platform expansion, and commercial execution,
supporting continued confidence in meeting growth and profitability targets
for the year ending 31 December 2025 ("FY 2025").

 

Ryan Keeling, Diaceutics' Chief Executive Officer, commented: "I am
extremely pleased to report another period of strong operational and
commercial execution, marked by double-digit organic revenue growth, expanding
customer adoption and increased recurring revenue visibility. Despite
macro-economic uncertainties globally, our customers remain active as they
seek our help to improve patient access to therapy, capture lost revenue and
increase profitability. Our continued growth demonstrates the significant
value our customers place on our solutions, reflected by the increasing number
of therapeutic brands we are working with. Our deepening engagement with
enterprise clients, consistent growth in therapeutic brand count, and strong
pipeline coverage into the historically stronger second half of the year,
gives us confidence in delivering against both growth and profitability
targets for the full year."

 

Trading Update to 30 June 2025

Revenues grew 18% to £14.6 million in H1 2025 (H1 2024: £12.3 million),
22% growth on a constant currency basis, delivering a 3-year compound H1
growth rate of 25%.

 

The Company continues to improve the sustainability and visibility of its
revenues, with ARR growing 16% to £16.4 million as at 30 June 2025 (£14.2
million at 30 June 2024), with recurring revenues in H1 2025 representing
approximately 70% of total revenue in the year (H1 2024: 55% of total
revenue).

 

As at 30 June 2025, the order book that will be realised as revenue in H2
2025 was approximately £8.8 million (H2 2024: £8.9 million) and, including
weighted pipeline, gives circa 79% visibility on FY 2025 analyst consensus
estimates* (H1 2024: 71% visibility on FY 2024 revenue). H1 2025 also saw the
Company deliver positive Adjusted EBITDA**. These metrics are in line with the
Board's expectations at this point in the year, providing good levels of
revenue visibility and confidence in profitability expectations as the Company
enters the historically stronger second half of the year.

 

Diaceutics secured a new multi-year enterprise-wide engagement with a total
ARR of £0.8 million in H1 2025. This brings the total number of
enterprise-wide engagements secured to eight, across 35 therapeutic brands,
with a total ARR of £10.1 million as at 30 June 2025 (seven enterprises
engagements across 31 therapeutic brands with a total ARR of £10.6 million at
30 June 2024).

 

DXRX platform adoption by pharma and biotech customers continues to drive
business momentum with Diaceutics consistently working with 18 of the top 20
global pharma companies across 53 therapeutic brands in H1 2025. In H1 2025 to
date, Diaceutics has worked with a total of 74 therapeutic brands across 43
customers (H1 2024: 44 customers and 63 therapeutic brands).

 

Diaceutics remains debt free and cash at 30 June 2025 was £10.4 million (31
December 2024: £12.7 million) which is in line with the Board's
expectations, supporting continued investment in product innovation and
commercial growth.

 

Outlook

 ·     Global pharma and biotech customers are continuing to accelerate
 their shift to precision medicine to improve patient access, capture lost
 revenue and increase profitability
 ·   New enhanced technologies and product offerings across the platform are
 delivering continued operational leverage
 ·      Commercial pipeline and platform expansion expected to support
 continued margin improvement in H2 2025
 ·      Future expansion of the market opportunities outside of precision
 medicine being explored
 ·    The Board reaffirms its confidence in the Company's strategy,
 operational performance and ability to continue delivering high-quality,
 recurring revenue growth and meeting FY 2025 growth and profitability targets

 

All numbers stated are approximate and subject to audit.

*Analyst consensus estimates for FY 2025 revenue is £40 million and Adjusted
EBITDA is £7.0 million.

** EBITDA is earnings before interest, tax, depreciation and amortisation.
Adjusted EBITDA removes share-based payment charges and once-off exceptional
items.

 

Enquiries:

 Diaceutics PLC  
 Ryan Keeling, Chief Executive Officer             Tel: +44 (0)28 9040 6500

 Nick Roberts, Chief Financial Officer             investorrelations@diaceutics.com (mailto:investorrelations@diaceutics.com)

 Canaccord Genuity Limited (Nomad & Broker)        Tel: +44 (0)20 7523 8000
 Simon Bridges, Andrew Potts, Harry Rees

 

About Diaceutics

At Diaceutics we believe that every patient should get the opportunity to
receive the right test and the right therapy to positively impact their
disease outcome. We provide the world's leading pharma and biotech companies
with an end-to-end commercialisation solution for precision medicines through
data analytics, scientific and advisory services enabled by our platform DXRX
- The Diagnostics Network®.

Prior to publication the information communicated in this announcement was
deemed by the Company to constitute inside information for the purposes of
article 7 of the Market Abuse Regulations (EU) No 596/2014 as amended by
regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations No
2019/310 ('MAR'). With the publication of this announcement, this information
is now considered to be in the public domain.  The person responsible for
making this announcement on behalf of the Company is Nick Roberts, Chief
Financial Officer.

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