REG - Optima Health PLC - Full Year Trading Update

Optima HealthAnnouncement

Mon 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:20250512:nRSL1644Ia&default-theme=true

RNS Number : 1644I  Optima Health PLC  12 May 2025

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as amended by regulation 11 of the Market Abuse (Amendment)
(EU Exit) Regulations 2019/310. Upon the publication of this announcement via
Regulatory Information Service, this inside information is now considered to
be in the public domain.

 

 

Optima Health plc

("Optima", the "Company", and, together with its subsidiaries, the "Group")

 

Full Year Trading Update

 

LONDON, UK, 12 May 2025, Optima Health (AIM: OPT), the UK's leading provider
of technology enabled corporate health and wellbeing solutions, today
announces its unaudited trading update ahead of publication of the Group's
full year results for the year ended 31 March 2025. All data is preliminary
and subject to audit.

Highlights

 

·    Strong performance in the year with revenue of approximately £105
million; in line with market expectations

·    Expected to deliver FY25 adjusted EBITDA in line with market
expectations

·    Significant organic and inorganic progress made, growing Optima's
presence in its core UK market and expanding into a new territory; well
positioned for strong growth in FY26

·    Robust balance sheet with net debt (excluding leases) of £2.2
million as at 31 March 2025

·    Mobilisation commenced on £210 million contract to deliver medical
assessment services to UK Armed Forces

 

Optima is pleased to report revenue for the full year of approximately £105
million, in line with market expectations, with H2 25 showing c.7% growth over
H1 25. The Group's unaudited net debt position (excluding leases) at 31 March
2025 was £2.2 million, comprised of a cash balance of £14.8 million less
drawdowns from the revolving credit facility of £17.0 million.

Since the Group's listing on AIM in September 2024, Optima has made financial
and operational progress, winning significant new contracts. Alongside this,
in line with the Group's strategy, Optima has made a number of strategic
acquisitions to further accelerate long-term growth and continue to increase
its market share in occupational health services.

 

In February 2025, the Group announced that it had been selected as the
exclusive medical assessment provider for the UK Ministry of Defence's Armed
Forces Recruitment Service partnered with Serco, with a subcontract valued at
up to £210 million over an initial 7-year term with the potential to extend
up to a 10-year term. This contract is now signed, and mobilisation has
commenced with the new services expected to be provided in early 2027.
Following this, Optima secured its first licence agreement for its proprietary
Digital Assessment Routing Tool (DART), which has since been implemented,
marking its entry into the NHS digital health market.

 

Post period end, Optima announced that it had acquired Cognate Health Limited
for up to €9 million, which represented the Group's first acquisition
outside of the UK. The acquisition is expected to add c.€7 million revenue
and €1 million EBITDA per annum and allows the Company to capitalise on
Cognate's significant presence in the Republic of Ireland with c.30 clinic
sites and a network of 35 Occupational Physicians. The Cognate deal followed
the acquisition of BHSF Occupational Health Limited in January 2025 for £1.4
million, which is expected to add c.£7 million in revenue per annum and added
approximately 60 experienced clinicians, whilst expanding Optima's customer
base. More recently in May 2025, Optima announced the acquisition of Care
first, the Employee Assistance Programme business from the Priory Group for a
net consideration of £15,000, which will add c. £3.7 million of revenue per
annum to the Group. Both acquisitions are expected to be EBITDA accretive
within the first full year post acquisition.

 

Optima expects to report its Preliminary Results for the twelve months ended
31 March 2025 by mid July 2025.

 

Jonathan Thomas, Chief Executive Officer of Optima Health, said: "Optima has
demonstrated outstanding progress against our strategic objectives since the
AIM listing in September 2024, growing our presence in our core market and
expanding into a new territory, as we continue to lead the transformation of
workplace health and wellbeing. Looking ahead, we are confident that the
strength of our platform will enable us to capture further market share and
enhance our position as the UK's leading occupational health and wellbeing
partner. Alongside this, we will continue to seek value enhancing M&A
opportunities to accelerate growth."

 

 

 

 

Enquiries

 

 Optima Health                                       +44(0)3300085113

 Jonathan Thomas, CEO                                media@OptimaHealth.co.uk

 Heidi Giles, CFO

 Nominated Adviser and Corporate Broker

 Panmure Liberum Limited                             +44 (0)20 3100 2000

 Emma Earl / Will Goode / Mark Rogers

 Rupert Dearden

 UK Financial PR Adviser                             optimahealth@icrinc.com

 ICR Healthcare

 Mary-Jane Elliott / Angela Gray / Lindsey Neville

 

 

About Optima Health

 

Optima Health is the UK's leading provider of occupational health and
wellbeing services, directly influencing and improving people's lives for 25
years. Optima Health's incredible team of professionals quickly and
effectively encapsulate client's needs, supporting organisations of all shapes
and sizes. Through tailored solutions and innovative systems, Optima Health
offers unparalleled clinical expertise to its clients. These solutions ensure
that processes are simple and allow its clients to spend more time focusing on
their employees driving a healthy, high-performing workplace. For more
information visit www.optima health.co.uk

 

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  TSTUAORRVBUVAAR