Optima Health flags first-half revenue growth
By Josh White
Date: Monday 03 Nov 2025
(Sharecast News) - Optima Health reported a 17% rise in first-half revenue to about £59m on Monday, in line with market expectations, as the occupational health services provider benefited from recent acquisitions and a growing contract base.
The AIM-traded firm said its balance sheet remained robust, with net debt of £4.7m at 30 September, comprising £8.3m in cash and £13m of borrowings.
It said mobilisation was underway on its £210m contract to deliver medical assessment services to the UK Armed Forces, while new business wins totalled £1.9m on an annualised basis, against £3.6m a year earlier.
The group completed two acquisitions during the period. It bought Cognate Health in Ireland for up to €9m, marking its first international expansion and broadening its capability to serve multinational clients.
Cognate was rebranded as Optima Health Ireland in September.
In June, the company also finalised the £15,000 purchase of Care First, an employee assistance programme provider from the Priory Group, which was expected to contribute about £3.7m in annual revenue.
Optima said it had started a technology investment programme aimed at scaling its platform and improving margins, focusing on both clinical and operational delivery.
Interim results for the six months ended 30 September would be published in December.
"We have achieved solid progress in the first half of the year, in line with our strategy, delivering growth year on year," said chief executive Jonathan Thomas.
"The two strategic acquisitions that we completed in the first half have strengthened our UK footprint and marked our entry into our first international territory, expanding both our reach and capability.
"Looking ahead, we are confident that the quality of our solutions and platform, along with the targeted application of new technologies will enable us to capture further market share and reinforce our position as the UK's leading occupational health and wellbeing partner."
At 1602 GMT, shares in Optima Health were up 2.51% at 202.45p.
Reporting by Josh White for Sharecast.com.
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