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Wellnex Life Ltd shares jumped on Friday as the firm reported ‘measurable improvement’ in its latest half-year. The stock was up 13% at 8.50 pence per share on Friday afternoon in London. The Melbourne-based consumer healthcare products company said its earnings before interest, tax, depreciation and amortisation improved by $2.4 million for the six months ended December 31, compared with the prior year, while the gross margin increased to 31.3% from 22.8%. Pain Away generated $3.3 million in sales for the second quarter, with 25% growth for heat patches and 17% for roll-on products. Wellnex said it was operating at breakeven as of December 31, which it said provides a ‘solid platform’ going into the second half. ‘Wellnex enters H2 FY26 with improved stability and a clear turnaround trajectory,’ the company said. ‘The board and management have taken decisive action to simplify operations and instil cost discipline, with results now translating into measurable improvement.’ Wellnex also said it is strengthening its planning discipline and working with partners to implement a more productive operating model focused on commercial value delivery. ‘As we move into 2026, Wellnex remains on course to deliver consistent performance with the goal of creating long-term shareholder value,’ the company said. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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