REG - Wellnex Life Limited - Trading Update

Wellnex LifeAnnouncement

16/12/2025 07:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251216:nRSP7384La&default-theme=true

RNS Number : 7384L  Wellnex Life Limited  16 December 2025

 

 

ASX/AIM
Announcement
16 December 2025

 

Wellnex Life - Trading Update

 

Wellnex Life Limited (ASX/AIM:WNX) ("Wellnex Life" or the "Company") announces
that Executive Chairman, Ash Vesali, has today provided the following update
to shareholders.

 

Dear Shareholder,

Wellnex remains focused on executing its turnaround strategy, prioritising
the scale-up of the Pain Away brand, expanding recurring contract
manufacturing revenues, and maintaining strict cost control and capital
discipline. Non-core activities continue to be deprioritised to ensure
management attention and resources are concentrated on the areas that drive
margin improvement.

While we are still in the early months of executing our turnaround strategy,
initial results have been both positive and encouraging. We closed November
with an EBITDA profit of $0.1m, driven by higher gross profit and disciplined
cost reductions.

On a year-to-date basis, EBITDA has improved by $1.7m, supported by sales
growth, an increase in group gross margin from 21% to 30.1%, and a further
$0.4m reduction in operating expenses. These improvements place the business
on a clear path toward breakeven by Q2 FY2026.

Pain Away sales YTD performance is strong (+16%) with introduction into Costco
and 7Eleven, gross margin improved to 59.4% (from 46% last year), through
disciplined trade spend management, with trade investment reduced from 39% to
28%.

The Board are encouraged by the strong execution and engagement across the
business, with the team operating with increased clarity and urgency. As these
initiatives continue to embed, we see further opportunities to enhance margins
and reduce costs through Q3 and Q4 of FY2026.

We thank our shareholders for their ongoing support and look forward to
providing further updates in new year.

Ash Vesali

Executive Chairman

 

 

 

 

 

This ASX/AIM announcement has been authorised by the Board of Wellnex Life
Limited (ASX/AIM:WNX).

For further information, please contact:

 

Wellnex Life Limited (ASX:WNX)
                Reach Markets

Ash Vesali
 
               T: 1300 805 941

Executive
Chairman
E: IR@reachmarkets.com.au

E: ash.v@wellnexlife.com.au

 

UK Investors

Strand Hanson (Financial & Nominated Advisor)

James Harris / Richard Johnson      Tel: +44 (0) 20 7409 3494

 

Orana Corporate LLP (Joint
Broker)
swykeham@oranacorp.com (mailto:swykeham@oranacorp.com)

Sebastian Wykeham

 

S.P. Angel Corporate Finance LLP (Joint Broker)        Tel: +44 (0)20
3470 0470

David Hignell / Vadim Alexandre

 

The information contained within this announcement is deemed by the Company to
constitute inside information pursuant to article 7 of EU Regulation 596/2014
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended.

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  TSTFIFLDFRLRLIE



            Copyright 2019 Regulatory News Service, all rights reserved