**Summary**
Abingdon Health plc, a leading international developer, manufacturer, and regulatory services provider for rapid tests and med-tech, released a trading update for the financial year ended 30 June 2025 (FY25). The company reported revenue in line with market expectations of ยฃ8.6 million, up from ยฃ6.1 million in FY24, and anticipates continued strong revenue growth in FY26. Key highlights include
1. **Contract Wins and Partnerships**
Secured several large contracts, including a US$2 million deal for sexually transmitted disease tests, a ยฃ800,000 UK Research and Innovation grant for malaria diagnostics, and strategic partnerships for avian flu (H5N1) tests.
Additional CDMO contracts with European and global pharmaceutical companies, expected to generate up to US$4.5 million in revenue.
2. **Expansion and Acquisitions**
Acquired Compliance Solutions (Life Sciences) for up to ยฃ3.2 million to enhance regulatory services.
Launched Abingdon Analytical Ltd for analytical services and performance evaluation.
Opened a fully operational US CDMO service site in Madison, Wisconsin.
3. **Financial Position**
Cash at bank and in hand stood at ยฃ1.9 million as of the update.
Recent acquisitions and investments in new ventures are trading in line with expectations.
The Board targets a cash-flow positive position by 2026.
4. **Strategic Growth**
Strengthened full-service CDMO offering, integrating regulatory, R&D, scale-up, and manufacturing capabilities.
Confident outlook for FY26, supported by recent contract wins and expanded service offerings.
Dr. Chris Hand, Executive Chairman, emphasized the companyโs strengthened position and confidence in future growth, driven by strategic investments and contract successes. Final FY25 results are expected in October 2025.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
### Notes:
1. **Revenue**: FY25 revenue is expected to be ยฃ8.6m, a 41% increase from FY24 (ยฃ6.1m).
2. **Cash at Bank and in Hand**: - As of 30 June 2025, cash is ยฃ1.9m, a 36% increase from 30 June 2024 (ยฃ1.4m). - Interim cash position as of 31 December 2024 was ยฃ3.7m, but no comparable FY25 interim figure is provided.
3. **Debt**: No debt figures are disclosed in the text for either year. This table provides a clear comparison of the available financial metrics year-on-year.