**Summary**
Oxford Nanopore Technologies plc released a full-year trading update for 2025, reporting strong performance with revenue growth slightly ahead of guidance. The company expects revenue of approximately £223-£224 million, representing a 22% increase on a reported basis and 24% at constant currency, exceeding its 20-23% guidance range. Growth was broad-based across all geographies (EMEAI, APAC, AMR), customer end markets (Clinical, BioPharma, Applied Industrial, Research), and product categories, led by the PromethION range. Clinical revenue grew by ~60%, BioPharma by ~30%, Applied Industrial by ~27%, and Research by ~15% despite funding pressures.
The company ended 2025 with approximately £302 million in cash and liquid investments, ahead of consensus expectations, supported by improved working capital. Oxford Nanopore remains well-capitalized to execute its strategy and continue its path to profitability. The preliminary annual results for 2025 will be announced on March 2, 2026, followed by a virtual presentation and Q&A session. The update highlights the companys progress in delivering accessible, scalable DNA and RNA analysis technology, with applications across healthcare, food, agriculture, and more.
**Key Highlights**
Revenue£223-£224 million (22% reported, 24% constant currency growth)
Broad-based growth across regionsmarketsand products
Strong cash position£302 million
Preliminary results announcementMarch 2, 2026