REG - Fusion Antibodies - AGM statement and H1 trading update

Fusion AntibodiesAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251016:nRSP5659Da&default-theme=true

RNS Number : 5659D  Fusion Antibodies PLC  16 October 2025

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse (amendment)
(EU Exit) Regulations 2019/310 ("MAR"). With the publication of this
announcement via a Regulatory Information Service, this inside information is
now considered to be in the public domain.

 

16 October 2025

 

Fusion Antibodies plc

("Fusion" or the "Company")

 

AGM statement and H1 trading update

 

Fusion Antibodies plc (AIM: FAB), specialists in pre-clinical antibody
discovery, engineering and supply for both therapeutic drug and diagnostic
applications, announces that at the Company's AGM, being held later today,
Simon Douglas, Chairman, will provide the following update on trading for the
first half of the current financial year ending 31 March 2026 ("HY26"):

 

"Unaudited revenues for HY26 were approximately £838k (H1 2025: £1.2m, FY25:
£1.96m). Whilst down on the prior year H1, they represent a notable increase
on the second half of last year (H2 2025: £755k) and, unlike last year, we
anticipate an even stronger performance in H2 supported by our robust existing
order book, promising sales opportunities pipeline and better market
sentiment. Unaudited gross margin for the period was 30%, compared to 22% in
the prior year which reflects our improved operational efficiency and our
ability to create value. Cash as at 30 September 2025 was £251k and is
tracking in line with management's expectations.

 

"During the period, the Company achieved a significant milestone with the
grant of our US patent covering the OptiMAL® library design and method and
has continued our collaboration with the National Cancer Institute ("NCI").
The collaboration has generated a strong performance of OptiMAL® and resulted
in the NCI's desire to continue to use the platform for more of their antibody
discovery projects over the coming years.

 

"Among a range of new contract wins, we were selected to develop a stable cell
line for a US based biotechnology company and were awarded multiple contract
wins for humanisation projects with divisions of major pharmaceutical
companies, further demonstrating our recognised expertise in antibody
engineering. Investor and stakeholder engagement has been significantly
strengthened through a series of investor presentations including face to face
meetings in London and Belfast as well as further development of the
interactive investor hub at investorhub.fusionantibodies.com.

 

"Cash continues to be carefully managed and, as set out in the Company's FY25
results announced on 4 September 2025, based on internal estimates the Company
has a cash runway into FY27 and remains on plan with our strategic goals
including the launch of OptiMAL® in December which we believe will herald a
new stage in the Company's development and open up new markets and revenues."

 

Enquiries:

 

 Fusion Antibodies plc                                                                              www.fusionantibodies.com
 Adrian Kinkaid, Chief Executive Officer                                                 Via Walbrook PR

 Stephen Smyth, Chief Financial Officer

 Fusion Antibodies interactive investor hub                                              Regulatory news | Fusion Antibodies plc investor hub
                                                                                         (https://investorhub.fusionantibodies.com/announcements)

 Allenby Capital Limited                                                                 Tel: +44 (0) 20 3328 5656
 James Reeve/Vivek Bhardwaj (Corporate Finance)

 Tony Quirke/Joscelin Pinnington (Sales and Corporate Broking)

 Shard Capital Partners LLP
 Damon Heath (Joint Broker)                                                              Tel: +44 (0) 207 186 9952

 Walbrook PR                    Tel: +44 (0)20 7933 8780 or fusion@walbrookpr.com
 Anna Dunphy                                                                 Mob: +44 (0)7876 741
                                                001

 

About Fusion Antibodies plc

 

Fusion is a Belfast based contract research organisation ("CRO") providing a
range of antibody engineering services for the development of antibodies for
both therapeutic drug and diagnostic applications.

 

The Company's ordinary shares were admitted to trading on AIM on 18 December
2017. Fusion provides a broad range of services in antibody generation,
development, production, characterisation and optimisation. These services
include antigen expression, antibody production, purification and sequencing,
antibody humanisation using Fusion's proprietary CDRx (TM) platform and the
production of antibody generating stable cell lines to provide material for
use in clinical trials. Since 2012, the Company has successfully sequenced
and expressed over 250 antibodies and successfully completed over 200
humanisation projects and has an international, blue-chip client base, which
has included eight of the top 10 global pharmaceutical companies by revenue.

 

The Company was established in 2001 as a spin out from Queen's University
Belfast. The Company's mission is to enable pharmaceutical and diagnostic
companies to develop innovative products in a timely and cost-effective manner
for the benefit of the global healthcare industry. Fusion Antibodies provides
a broad range of services in antibody generation, development, production,
characterisation and optimisation.

 

Fusion Antibodies growth strategy is based on combining the latest
technological advances with cutting edge science to deliver new platforms that
will enable Pharma and Biotech companies get to the clinic faster, with the
optimal drug candidate and ultimately speed up the drug development process.

 

The global monoclonal antibody therapeutics market was valued at $186 billion
in 2021 and is forecast to surpass $445 billion in 2028, an increase at a CAGR
of 13.2 per cent. for the period 2022 to 2028. Approximately 150 monoclonal
antibody therapies are approved and marketed globally as of June 2022 with the
top four antibody drugs each having sales of more than $3 bn in 2021.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMPKPBQOBDDFKD



            Copyright 2019 Regulatory News Service, all rights reserved