Optima Health

OPT · AIM · Health Care · mcap £269m · 247.0p

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Financials · LTM to 31 Mar 26

Source: results 17 Aug 26 ↗

Revenue: £121m
Operating profit: £4.0m
Net income: £1.4m
Free cash flow: £12.1m
Net debt: £94.4m
Market cap: £269m
EV / EBIT: 91.3×
FCF yield: +4.5%
Price / book: 1.6×

Latest half-year · H1 Sep 25 vs H1 Sep 24 results 10 Dec 25 ↗

Revenue: £59.5m
Operating profit: £2.0m
Net income: £1.2m
Cash from operations: £6.5m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures

Income statement Balance sheet Cash flow

Annual Half-yearly

Every line as the company printed it, newest first – each period in the latest version the company published (restated figures where a later report restated them), in its own currency and units. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: FY Mar 26 (twelve months to 31 Mar 26), published 17 Aug 26 · read the results ↗

	FY Mar 26 source	FY Mar 25 source
Revenue	120,636	105,049
Cost of sales	(85,258)	(72,008)
Gross profit	35,378	33,041
Other operating income	4,700	-
Administration costs analysed as
Share-based payments	(242)	(39)
Amortisation of acquisition intangibles	(6,757)	(6,323)
Exceptional items	(4,693)	(3,870)
Other administration costs	(24,408)	(19,569)
Total Administrative expenses	(36,100)	(29,801)
Operating profit	3,978	3,240
Finance income	55	-
Finance expense	(1,561)	(665)
Profit before tax	2,472	2,575
Taxation	(1,068)	(923)
Profit for the year from continuing operations applicable to owners of the parent	1,404	1,652
Exchange differences arising on translation of foreign operations	11	-
Total comprehensive income applicable to owners of the parent	1,415	1,652
Earnings per share attributable to owners of the parent
Basic (£)	0.02	0.03
Diluted (£)	0.02	0.03

	H2 Mar 26 calc.	H1 Sep 25£'000 source	H2 Mar 25 calc.	H1 Sep 24£'000 source
Revenue	61,180	59,456	54,298	50,751
Cost of sales	(41,486)	(43,772)	(37,015)	(34,993)
Gross profit	19,694	15,684	17,283	15,758
Other operating income	2,400	2,300	-	-
Share based payments	(126)	(116)	(39)	-
Amortisation on acquisition intangibles	–	(3,379)	–	(3,156)
Exceptional items	(4,076)	(617)	24	(3,894)
Other administration costs	(12,508)	(11,900)	(10,424)	(9,145)
Total administration expenses	–	(16,012)	–	(16,195)
Profit / (Loss) from operations	–	1,972	–	(437)
Finance expense	(847)	(714)	(572)	(93)
Profit / (Loss) before taxation	–	1,258	–	(530)
Taxation	(1,014)	(54)	(781)	(142)
Profit / (Loss) for the period applicable to owners of the parent	–	1,204	–	(672)
Exchange differences arising on translation of foreign operations	(2)	13	-	-
Total comprehensive profit / (loss) for the period attributable to owners of the parent	–	1,217	–	(672)
Basic and diluted profit / (loss) per share (£)	–	0.01	–	(0.08)

	31 Mar 26£'000 source	31 Mar 25£'000 source
Assets
Non-current assets
Intangible assets	285,779	176,681
Property, plant & equipment	4,766	2,896
Right-of-use assets	8,679	4,429
Net defined benefit pension asset	83	83
Total non-current assets	299,307	184,089
Current assets
Inventories	397	100
Trade and other receivables	34,675	18,988
Current tax assets	31	169
Cash and cash equivalents	21,606	14,797
Total current assets	56,709	34,054
Total assets	356,016	218,143
Liabilities
Current liabilities
Trade and other payables	35,798	11,859
Related party loans	30,000	-
Lease liabilities	1,353	826
Total current liabilities	67,151	12,685
Non-current liabilities
Borrowings	86,000	17,000
Lease liabilities	7,613	3,859
Provisions	3,721	3,387
Deferred tax liabilities	21,754	13,092
Total non-current liabilities	119,088	37,338
Total liabilities	186,239	50,023
Net assets	169,777	168,120
Equity
Share capital	888	888
Share premium	2,993	2,993
Capital contribution reserve	162,403	162,403
Translation reserve	11	-
Other reserves	281	39
Retained earnings	3,201	1,797
Total equity applicable to owners of the parent	169,777	168,120

	31 Mar 26£'000 source	30 Sep 25£'000 source	31 Mar 25£'000 source
Assets
Non-current assets
Property, plant and equipment	–	3,306	–
Intangible assets	285,779	180,015	176,681
Right-of-use asset	–	6,131	–
Net defined benefit pension assets	–	83	–
Property, plant & equipment	4,766	–	2,896
Right-of-use assets	8,679	–	4,429
Net defined benefit pension asset	83	–	83
Total non-current assets	299,307	189,535	184,089
Current assets
Inventories	397	94	100
Trade and other receivables	34,675	23,531	18,988
Current tax assets	31	-	169
Cash and cash equivalents	21,606	8,265	14,797
Total current assets	56,709	31,890	34,054
Total assets	356,016	221,425	218,143
Liabilities
Current liabilities
Trade and other payables	35,798	15,695	11,859
Related party loans	30,000	–	-
Lease liabilities	1,353	950	826
Current tax liabilities	–	850	–
Total current liabilities	67,151	17,495	12,685
Non-current liabilities
Borrowings	86,000	13,000	17,000
Lease liabilities	7,613	5,447	3,859
Provisions	3,721	3,258	3,387
Deferred tax liabilities	21,754	12,772	13,092
Total non-current liabilities	119,088	34,477	37,338
Total liabilities	186,239	51,972	50,023
Net assets	169,777	169,453	168,120
Equity
Share capital	888	888	888
Share premium	2,993	2,993	2,993
Capital contribution reserve	162,403	162,403	162,403
Translation reserve	11	13	-
Other reserves	281	155	39
Retained earnings	3,201	3,001	1,797
Total equity	–	169,453	–
Total equity applicable to owners of the parent	169,777	–	168,120

	FY Mar 26 source	FY Mar 25 source
Cash flows from operating activities
Profit before taxation	2,472	2,575
Adjustments for
Depreciation of property, plant and equipment	1,198	1,047
Amortisation of intangible assets	8,818	8,111
Depreciation of right-of-use assets	1,188	1,255
Loss on disposal of property, plant and equipment	8	65
Loss on remeasurement of lease liabilities	7	40
Share based payments	242	39
Movement in contingent consideration	-	(375)
Movement in provisions	(615)	(76)
Finance income	(55)	-
Finance expense	1,561	665
Net cash generated from operating activities before changes in working capital	14,824	13,346
(Increase) in inventories	(48)	(32)
(Increase) in trade and other receivables	(1,846)	(284)
Increase / (decrease) in trade and other payables	4,331	(7,657)
Cash generated from operations	17,261	5,373
Tax paid	(2,021)	(2,686)
Net cash inflow from operating activities	15,240	2,687
Cash flows from investing activities
Purchase of intangible assets	(2,044)	(1,956)
Purchase of property, plant and equipment	(1,090)	(1,795)
Proceeds from disposal of plant, property and equipment	-	32
Purchase of subsidiary undertakings net of cash acquired	(101,813)	(1,182)
Contingent consideration paid for subsidiary undertaking	-	(750)
Interest received	55	-
Net cash outflow from investing activities	(104,892)	(5,651)
Cash flows from financing activities
Lease liabilities paid (including interest)	(1,524)	(1,123)
Interest paid on borrowings	(1,016)	(441)
Proceeds from borrowings	69,000	17,000
Related party loans received	30,000	-
Proceeds from issue of share capital	-	1,975
Dividends paid	-	(20,746)
Net cash inflow / (outflow) from financing activities	96,460	(3,335)
Net increase / (decrease) in cash and cash equivalents	6,808	(6,299)
Cash and cash equivalents at beginning of the year	14,797	21,096
Exchange gain on cash and cash equivalents	1	-
Cash and cash equivalents at end of year	21,606	14,797

	H2 Mar 26 calc.	H1 Sep 25£'000 source	H2 Mar 25 calc.	H1 Sep 24£'000 source
Profit / (loss) before taxation from continuing activities	–	1,258	–	(530)
Depreciation of property, plant and equipment	600	598	524	523
Amortisation of intangible assets	4,436	4,382	4,093	4,018
Depreciation of right-of-use assets	581	607	565	690
Loss on disposal of property, plant and equipment	-	8	1	64
(Gain) / loss on remeasurement of lease liabilities	–	(10)	–	44
Share based payment	–	116	–	-
Movement in contingent consideration	-	-	(375)	-
Movement in provisions	(420)	(195)	40	(116)
Finance expenses	–	714	–	93
Net cash generated from operating activities before changes in working capital	7,346	7,478	8,560	4,786
Decrease / (Increase) in inventories	–	6	–	(20)
(Increase) in trade and other receivables	1,618	(3,464)	817	(1,101)
Increase / (Decrease) in trade and other payables	1,873	2,458	(4,087)	(3,570)
Cash generated from operations	10,783	6,478	5,278	95
Tax refund /(paid)	–	7	–	(678)
Net cash generated from / (used in) operating activities	–	6,485	–	(583)
Purchase of intangible assets	(990)	(1,054)	(988)	(968)
Purchase of property, plant and equipment	(360)	(730)	(1,101)	(694)
Proceeds from disposal of property, plant and equipment	–	-	–	-
Purchase of undertakings net of cash acquired	–	(5,990)	–	-
Contingent consideration paid for subsidiary undertaking	-	-	(750)	-
Net cash used in investing activities	–	(7,774)	–	(1,662)
Lease liabilities paid (including interest)	(779)	(745)	(430)	(693)
Interest paid	–	(504)	–	(3)
Dividends paid	-	-	-	(20,746)
Proceeds from issue of share capital	-	-	-	1,975
(Repayment) / Proceeds of borrowings	–	(4,000)	–	10,000
Net cash used in financing activities (	–	(5,249)	–	(9,467)
Net (decrease) / increase in cash and cash equivalents	13,346	(6,538)	5,413	(11,712)
Cash and cash equivalents at the beginning of the period	–	14,797	–	21,096
Exchange gain on cash and cash equivalents	(5)	6	-	-
Cash and cash equivalents at the end of the period	–	8,265	–	9,384

	FY Mar 26	FY Mar 25
Revenue to operating profit
Revenue	120.6	105.0
Gross profit	35.4	33.0
Adjusted EBITDA	20.1	17.6
EBITDA	15.2	13.7
Adjusted operating profit	15.7	13.5
Exceptional / adjusting items	(4.7)	(3.9)
Operating profit	4.0	3.2
Depreciation (owned assets)	1.2	1.0
Depreciation (right-of-use)	1.2	1.3
Amortisation	8.8	8.1
Share-based payments	(0.2)	(0.0)
Operating profit to net income
Finance costs	(1.6)	(0.7)
Profit before tax	2.5	2.6
Tax	(1.1)	(0.9)
Net income (owners)	1.4	1.7

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Revenue to operating profit
Revenue	61.2	59.5	54.3	50.8
Gross profit	19.7	15.7	17.3	15.8
Adjusted EBITDA	11.8	8.3	8.9	8.7
EBITDA	7.6	7.6	8.9	4.8
Adjusted operating profit	9.6	6.1	6.8	6.7
Exceptional / adjusting items	(4.1)	(0.6)	0.0	(3.9)
Operating profit	2.0	2.0	3.7	(0.4)
Depreciation (owned assets)	0.6	0.6	0.5	0.5
Depreciation (right-of-use)	0.6	0.6	0.6	0.7
Share-based payments	(0.1)	(0.1)	–	–
Operating profit to net income
Finance costs	(0.8)	(0.7)	(0.6)	(0.1)
Profit before tax	1.2	1.3	3.1	(0.5)
Tax	(1.0)	(0.1)	(0.8)	(0.1)
Net income (owners)	0.2	1.2	2.3	(0.7)

	FY Mar 26	FY Mar 25
Operating activities
Cash from operations	15.2	2.7
Interest paid	(1.0)	(0.4)
Tax paid	(2.0)	(2.7)
Investing activities
Capex (PP&E)	(1.1)	(1.8)
Capex (intangibles)	(2.0)	(2.0)
Financing activities
Dividends paid	0.0	(20.7)
Shares issued	0.0	2.0

	H2 Mar 26	H1 Sep 25	H2 Mar 25	H1 Sep 24
Operating activities
Cash from operations	8.8	6.5	3.3	(0.6)
Interest paid	(0.5)	(0.5)	(0.4)	(0.0)
Investing activities
Capex (PP&E)	(0.4)	(0.7)	(1.1)	(0.7)
Capex (intangibles)	(1.0)	(1.1)	(1.0)	(1.0)
Financing activities
Dividends paid	–	–	0.0	(20.7)
Shares issued	–	–	0.0	2.0

	31 Mar 26	31 Mar 25
Non-current assets
Property, plant & equipment	4.8	2.9
Non-current assets	299.3	184.1
Current assets
Inventories	0.4	0.1
Trade receivables	34.7	19.0
Cash	21.6	14.8
Current assets	56.7	34.1
Total assets	356.0	218.1
Current liabilities
Trade payables	35.8	11.9
Borrowings, current	30.0	0.0
Lease liabilities, current	1.4	0.8
Current liabilities	67.2	12.7
Non-current liabilities
Borrowings, non-current	86.0	17.0
Lease liabilities, non-current	7.6	3.9^r
Pension surplus / (deficit)	0.1	0.1
Non-current liabilities	119.1	37.3
Total liabilities	186.2	50.0
Equity
Total equity	169.8	168.1
Net cash and other figures
Net cash / (debt) ex leases	(94.4)	(2.2)
Net cash / (debt) incl. leases	(103.4)	(6.9)

	31 Mar 26	30 Sep 25	31 Mar 25	30 Sep 24
Non-current assets
Property, plant & equipment	4.8	3.3	2.9	–
Non-current assets	299.3	189.5	184.1	–
Current assets
Inventories	0.4	0.1	0.1	–
Trade receivables	34.7	23.5	19.0	–
Cash	21.6	8.3	14.8	–
Current assets	56.7	31.9	34.1	–
Total assets	356.0	221.4	218.1	–
Current liabilities
Trade payables	35.8	15.7	11.9	–
Borrowings, current	30.0	–	0.0	–
Lease liabilities, current	1.4	0.9	0.8	–
Current liabilities	67.2	17.5	12.7	–
Non-current liabilities
Borrowings, non-current	86.0	13.0	17.0	–
Lease liabilities, non-current	7.6	5.4	3.9^r	–
Pension surplus / (deficit)	0.1	0.1	0.1	–
Non-current liabilities	119.1	34.5	37.3	–
Total liabilities	186.2	52.0	50.0	–
Equity
Total equity	169.8	169.5	168.1	–
Net cash and other figures
Net cash / (debt) ex leases	(94.4)	(4.7)	(2.2)	(0.6)
Net cash / (debt) incl. leases	(103.4)	(11.1)	(6.9)	(3.6)

Read automatically from each results announcement. Check the source before relying on a figure.

Company filings. Not investment advice.