UK's Totally plunges after NHS contract not renewed

Totally

14/02/2025 10:55

** Healthcare services provider Totally's  TLY.L  shares
fall 21% to 5.25p; lowest since April 
    ** Company reiterates core profit forecast for the year as a
contract with NHS England has not been renewed 
    ** The existing contract, called NHS 111 National Resilience
support contract, will end on February 15, TLY says
    ** Company says contract was valued at about 13 million
pounds ($16.36 million), with about 12 million pounds being
recognized in the current financial year  
    ** Now expects FY25 performance in line with expectations of
85 million pounds in revenue and 3.5 million pounds in core
profit 
    ** Company forecasts 2026 financial performance at similar
levels to 2025
    ** As of last close, ~2% YTD





($1 = 0.7945 pounds)

 (Reporting by Radhika Anilkumar in Bengaluru;)
 ((Radhika.Anilkumar@thomsonreuters.com;))