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Optima Health PLC on Tuesday reported ‘strong’ financial and operational progress on its annual results, marked by improved profitability and a sharp reduction in debt following its demerger from Marlowe PLC and AIM listing.
Shares in Optima were lost 8.0% to 194.20 pence on Tuesday morning.
For the year ended March 31, the occupational health services provider posted revenue of £105.0 million, down 5.3% from £110.9 million the year before.
However, statutory earnings before interest, tax, depreciation, and amortisation rose 36% to £13.7 million from £10.1 million, lifting the margin to 13.0% from 9.1%. Adjusted Ebitda stood at £17.6 million, broadly flat year-on-year.
Net debt excluding leases dropped to £2.2 million from £34.0 million, helped by Optima drawing £17 million from a £20 million loan facility to finance its separation from Marlowe.
Optima also swung to a pretax profit of £2.6 million from a £856,000 loss.
Chief Executive Officer Jonathan Thomas said the company delivered ‘strong progress against the strategy we set out at the time of the group’s listing on AIM’, highlighting three Ebitda-accretive acquisitions and the securing of a £210 million UK Armed Forces medical contract.
Looking ahead, Optima said it remains confident in delivering growth in financial 2026, supported by a growing new business pipeline, recent contract wins and further M&A.
The company acknowledged slower conversion in the second half of financial 2025 and upcoming headwinds from wage and tax changes, but said mitigation measures are underway.
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