Mar 25 Quarterly Activities Report and Appendix 4C
| Stock | Global Health Ltd (GLH.ASX) |
|---|---|
| Release Time | 23 Apr 2025, 11:28 a.m. |
| Price Sensitive | Yes |
Global Health Ltd Releases Q3 FY25 Quarterly Report
- Closing cash balance of $832K, $299K below PCP
- YTD sales won exceed previous year's total new sales
- Forecast new sales to cover loss of SA Health contract
- Continued R&D investments in future revenue applications
Global Health Limited (ASX: GLH) has released its Appendix 4C Cash Flow Report for the quarter ended 31 March 2025 (Q3 FY25), along with the accompanying Quarterly Business Activity Report. The closing cash balance as at 31-March 2025 was $832K, $299K below the Previous Corresponding Period (PCP) due to the end of a 32-year licence contract with SA Health using the Company's Chiron PAS, resulting in a $750K loss of income. However, YTD sales won to the end of March have exceeded the total new sales for the previous year, and the forecast is that new sales will more than cover the loss of income from SA Health over the forward 12 months. The company continues to control costs, with increased expenses for implementation and project management resources as it transitions to a fully SaaS business. Research and development investments in future revenue to support new market segments continued through the March quarter, with clinical, administrative, billing and program funding features progressively implemented in the MasterCare Plus (M+) SaaS platform. The company secured orders to implement M+ for 15+ healthcare services, with a healthy demand for upgrades from existing clients expected to accelerate over the next 12 months. The company's HotHealth Digital front door and ReferralNet Secure Messaging platform are also seeing increased adoption.
The company expects new sales to more than cover the loss of income from the SA Health contract over the next 12 months.
The Australian healthcare sector remains challenging, with the public sector facing funding constraints and the private sector under financial pressure. However, the company's community-based platforms, especially in mental health, continue to be a growth sector, and the company is well advanced in completing negotiations before the end of the current financial year.