H1 FY25 Results Release
| Stock | Alcidion Group Ltd (ALC.ASX) |
|---|---|
| Release Time | 27 Feb 2025, 8:23 a.m. |
| Price Sensitive | Yes |
Alcidion Reports Strong H1 FY25 Results, Momentum into H2
- H1 FY25 revenue of $17.6M, Underlying EBITDA of $0.5M
- Signed $61.3M in new sales YTD, including major contracts in Australia and Wales
- Confident of positive EBITDA and cashflow for full FY25
Alcidion Group Limited (ASX:ALC) has released its financial results for the six-month period ending 31 December 2024 (H1 FY25), along with an update on business activities and significant new contracts. The company delivered H1 FY25 revenue of $17.6M, which was down 7% on the prior corresponding period (pcp) due to a reduction in non-recurring product implementation. However, Alcidion reported Underlying EBITDA of $0.5M, an improvement of $3.3M compared to the same period last year. The company signed several new material contracts during the period, including deals with Hume Rural Health Alliance, North Adelaide Local Health Network, and Peninsula Health in Australia, as well as the first contract in Wales with Hywel Dda Health Board. Post-period, Alcidion announced a milestone $37.5M, 10-year contract with North Cumbria Integrated Care NHS Foundation Trust to deliver the Miya Precision EPR solution. In total, Alcidion has secured $61.3M in new sales YTD, which will contribute to a minimum contracted and scheduled renewal revenue of $39.5M in FY25. The company is confident of delivering positive EBITDA and cashflow for the full year FY25, maintaining a financially sustainable business with the ability to continue scaling.
Alcidion is confident of delivering positive EBITDA and cashflow results for the full year FY25, with a minimum contracted and scheduled renewal revenue of $39.5M, including at least $8M from the North Cumbria Integrated Care NHS Foundation Trust contract.
As the referenceability of the Miya Precision platform continues to expand, particularly for larger scale deployments, Alcidion is seeing increasing engagement from a variety of new and existing customers across its current and priority markets. The company is well-positioned to maintain a financially sustainable business with the ability to continue scaling.