Advanced Medical Solutions Group plc (AMS) reported unaudited preliminary results for the year ended 31 December 2025, highlighting record full-year sales and adjusted EBITDA with strong organic growth. Key financial and operational highlights include
**Revenue Growth**Total Group revenue increased by 29% to ยฃ228.9 million, driven by the full-year impact of the Peters Surgical acquisition and continued growth across key product categories. The Surgical Business Unit saw a 36% increase in revenue to ยฃ183.5 million, while the Advanced Woundcare Business Unit grew by 9% to ยฃ45.4 million.
**Adjusted EBITDA**Increased by 24% to ยฃ49.9 million, reflecting strong profitability and operational performance.
**Net Debt Reduction**Net debt decreased to ยฃ50.5 million from ยฃ55.8 million in 2024, despite significant investment in transformation projects.
**Dividend Increase**The proposed full-year dividend per share increased by 10% to 2.86p.
**Integration Progress**Successful integration of Peters Surgical and Syntacoll, with commercial synergies already contributing to growth and operational synergies on track.
**Innovation Pipeline**Multiple product approvals expected from 2026 onwards, supporting long-term growth.
**Outlook**AMS expects continued strong growth in Surgical and modest growth in Woundcare, with strong cash generation supporting deleveraging and investment in innovation.
The Board is confident in delivering 2026 revenue and EBITDA in line with market expectations, positioning AMS for sustained growth and long-term value creation.
Here is the comparison of financials and debt year on year in an HTML table format:
**Key Observations:** * **Revenue Growth:** Total Group Revenue increased by 29% from ยฃ177.5 million in 2024 to ยฃ228.9 million in 2025.
* **Profitability Improvement:** Adjusted EBITDA and Adjusted Profit Before Tax increased by 24% and 15%, respectively, indicating improved operational efficiency.
* **Debt Reduction:** Net Debt decreased by ยฃ5.3 million from ยฃ(55.8) million in 2024 to ยฃ(50.5) million in 2025, primarily due to reduced borrowings under Facility A and Facility B.
* **Cash Flow Improvement:** Net Operating Cash Flow increased significantly by 67% from ยฃ19.5 million in 2024 to ยฃ32.6 million in 2025, reflecting improved cash generation. Note: The percentage change for Net (Debt)/Cash is calculated as a decrease in absolute terms, hence the negative sign.