UK's Oxford Nanopore rises after half-year results, 2030 growth targets

Oxford Nanopore Technologies

19/08/2026 08:14

     ** Shares of biotech firm Oxford Nanopore Technologies ONT.L up 5.2% at 128.6 pence 
** Stock is second-biggest gainer in FTSE mid-caps index .FTMC
     ** Company posts half-year adj. core loss of £22.1 million  ($29.95 million), a drop from a loss of £48.3 million last year 
** Targets $700 million revenue by 2030 and adj. EBITDA margin above 15%
** Also posts half-year revenue of £116.7 million, compared with £105.6 million a year earlier 
** Company's half-year results show improved gross profit and cost control, keeping company on track for adjusted EBITDA breakeven in FY27
** ONT stock down ~4.8% YTD, as of last close

($1 = 0.7380 pounds)

 (Reporting by Megha Kumari in Bengaluru)
 ((Megha.Kumari@thomsonreuters.com;))