• Revenue up 18% to $93.6 million
• Profit before tax up 124% to $10.9 million
• Net profit up 58% to $9.8 million
• Strong cash position with $144.5 million on hand

Nanosonics Limited has reported a strong financial performance for the half-year ended 31 December 2024. Revenue increased by 18% to $93.6 million, driven by an 11% growth in capital revenue and a 20% growth in consumables and service revenue. Profit from ordinary activities before tax increased by 124% to $10.9 million, while net profit for the period attributable to members grew by 58% to $9.8 million. The company's gross profit margin decreased slightly to 78.5% from 79.7% in the prior corresponding period, mainly due to product mix. Selling and general expenses increased by $1.9 million, primarily due to annualization of staffing costs and increased provisions for staff bonuses. Administration expenses rose by $3.7 million, largely attributable to the investment in a new ERP platform to support the company's growth. Research and development expenses remained relatively stable, increasing by $0.2 million. Nanosonics' cash and cash equivalents position strengthened, reaching $144.5 million at 31 December 2024, up from $129.6 million at 30 June 2024. This strong balance sheet provides the company with the financial flexibility to execute on its growth strategies.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.