REG - Inspiration Health - AGM Statement

Inspiration HealthcareAnnouncement

24/07/2025 07:00

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RNS Number : 2839S  Inspiration Healthcare Group PLC  24 July 2025

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 (http://www.inspirationhealthcaregroup.com)

 

 

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