**Summary**
Oxford Biomedica PLC (OXB) released a full-year trading update for 2025, highlighting strong financial performance and strategic progress. Key points include
1. **Revenue Growth**FY 2025 revenues are expected to reach ยฃ166-169 million, a 30% increase from 2024 and nearly 90% growth since 2023, driven by sustained demand for viral vector services and operational efficiency.
2. **EBITDA Profitability**OXB achieved EBITDA profitability in 2025, with mid-to-high single-digit ยฃ million Operating EBITDA, including a non-recurring gain from the Durham, NC acquisition. Underlying EBITDA (excluding the acquisition) is in line with guidance at low single-digit ยฃ million.
3. **Contracted Orders**The contracted value of client orders increased by 20% to ยฃ224 million, reflecting strong demand from existing and new clients.
4. **Financial Position**OXB strengthened its balance sheet with a ยฃ60 million equity raise and a new $125 million loan facility, supporting capacity expansion and growth initiatives.
5. **Future Outlook**The company reiterated its guidance, expecting FY 2026 revenues of ยฃ220-240 million, with 25-30% annual growth in 2027 and 2028. EBITDA margins are projected to exceed 10% in 2026 and reach at least 20% in 2027, with long-term potential to approach 30%.
6. **Preliminary Results**OXB will announce its preliminary results for 2025 on March 26, 2026, with a virtual analyst briefing led by CEO Dr. Frank Mathias.
The update underscores OXBs successful execution of its CDMO strategy, strong commercial momentum, and optimism for continued growth and profitability in the coming years.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text:
### Key Notes:
1. **Revenues**: FY 2025 revenues are expected to increase by ~30% compared to FY 2024.
2. **Operating EBITDA**: FY 2025 is expected to pivot to mid-to-high single-digit profitability from a loss in FY 2024.
3. **Contracted Value of Client Orders**: Increased by 20% year-on-year.
4. **Revenue Backlog**: Increased by ~36% year-on-year.
5. **Cash Position**: FY 2025 shows a strengthened balance sheet with gross cash of ยฃ96.9 million and net cash of ยฃ55.4 million.
6. **Debt**: A new loan facility of $125 million was entered, with $60 million drawn, $50 million of which was used to repay existing debt. This table provides a clear year-on-year comparison of key financials and debt metrics.