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Inspiration Healthcare Group PLC on Wednesday said revenue increased in the first six months of the year ahead of market expectations and hit a new record. Shares in Inspiration Healthcare jumped 14% to 23.90 pence in London on Wednesday morning. The Croydon, England-based healthcare technology company said revenue climbed 41% to £24.0 million in the six months to the end of July from £17.0 million a year ago. Inspiration Healthcare said this record half-year reflects the ‘back-to-basics approach’ it implemented last year. It added that gross margins have improved due to a better sales mix of higher margin neonatal products, with strong sales of capital items. The company said this has led to improved profitability, when combined with the impact of cost savings that were implemented last year. Net debt is down to $6.7 million at the end of the period from £8.3 million at the end of January, due to the strong trading performance and an improved working capital position. It expects a further improvement in net debt in the second half of the year. Inspiration Healthcare said its $6 million contract with a humanitarian aid organisation was fully delivered during the half year, and that the Middle Eastern contract is also progressing. The firm expects the period’s strong sales momentum to continue into the second half. ‘I am pleased to report that we have had a robust first half performance and continue to see the benefits of our turnaround strategy...we are seeing clear evidence that our disciplined ’back-to-basics’ approach is driving financial recovery and setting a solid foundation for continued momentum into the second half of the year and beyond,’ said Chief Executive Officer Raffi Stepanian. ‘Our pipeline is strong and we are continuing an upward trajectory. We remain confident in delivering our full-year expectations and creating long-term value for shareholders.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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