**Summary of Tristel PLCs Half-Year Financial Report (H1 FY26):**
Tristel PLC, a manufacturer of infection prevention products, reported strong unaudited interim results for the six months ended 31 December 2025, highlighting revenue growth and improved profitability. Key financial and operational highlights include
### **Financial Highlights**
**Revenue Growth** Revenue increased by 14% to ยฃ25.65 million (H1 FY25: ยฃ22.57 million), driven by strong performance across core markets.
**UK and Overseas Sales** UK sales rose 13% to ยฃ9.88 million, while overseas sales grew 14% to ยฃ15.77 million, with a sixfold increase in the USA.
**Gross Margin** Remained stable at 81% (H1 FY25: 82%).
**Profitability** Reported EBITDA rose to ยฃ6.83 million (H1 FY25: ยฃ5.02 million), with adjusted EBITDA up 17% to ยฃ7.34 million. Reported profit before tax increased 36% to ยฃ4.96 million, and adjusted profit before tax grew 11% to ยฃ5.47 million.
**EPS** Basic reported EPS increased 45% to 8.28p, and adjusted EPS rose to 9.36p.
**Cash Position** The company remains debt-free with cash and short-term investments of ยฃ13.29 million (H1 FY25: ยฃ11.74 million).
**Dividend** Interim dividend maintained at 5.68p per share.
### **Operational Highlights**
**Product Launches** Introduced Tristel OPH in the US for ophthalmic devices and VISICLEANโข for improved cleaning efficiency.
**Regulatory Developments** Updated AIUM guidelines now include chlorine dioxide for ultrasound probe disinfection, enhancing adoption of Tristel ULTโข in the US.
**Manufacturing** Successfully transitioned to in-house wipe manufacture, expected to reduce unit costs in H2.
**Leadership** Appointed Anna Wasyl as CFO
CEO Matt Sassone announced his departure at the end of FY26.
### **Regional Performance**
**Americas** Revenue surged 236% year-on-year, with US sales increasing 542% due to strong ULT product sales and clinical validation.
**UK and EMEA** Double-digit growth in key markets like the Netherlands, France, Germany, and Italy.
**APAC** Mixed performance, with modest growth in Australasia and a 2% decline in the rest of the region.
### **Growth Initiatives**
Continued investment in commercial infrastructure, digital capabilities, and innovation pipeline.
Focus on clinical evidence generation and KOL engagement to support market adoption.
### **Outlook**
Tristel remains on track to meet market expectations for FY26, with international expansion, particularly in the US, driving growth. The company is well-positioned for long-term value creation despite the CEO transition.
**Conclusion**
Tristel PLC delivered robust H1 FY26 results, underpinned by strong revenue growth, improved profitability, and strategic advancements in key markets. The companyโs debt-free position, progressive dividend policy, and focus on innovation reinforce its growth trajectory.
Hereโs an HTML table comparing the financials and debt year on year for Tristel PLC based on the provided text:
### Key Observations:
1. **Revenue Growth**: Revenue increased by 14% year on year, driven by strong performance across core markets and significant growth in the USA.
2. **Profitability**: Both reported and adjusted profit before tax increased, with adjusted EBITDA rising by 17%.
3. **Cash Position**: Cash and short-term investments increased by 13%, maintaining a debt-free balance sheet.
4. **Dividend**: The interim dividend remained unchanged at 5.68 pence per share. This table provides a clear comparison of key financial metrics and debt status between H1 FY25 and H1 FY26 for Tristel PLC.