Telix Pharmaceuticals reports half-year revenue up 22% to US$477 million as adjusted EBITDA jumps 146%
Telix Pharmaceuticals reported strong half-year results: revenue +22% to US$477m, gross margin up to 55% (Precision Medicine 65%), and adjusted EBITDA +146% to US$52m. Profit included a US$40m Regeneron payment, while operating cash flow turned positive and cash reached US$252m. A Regeneron collaboration and refinancing via a US$600m 2031 convertible strengthen funding for late-stage R&D and global manufacturing expansion.
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Telix Pharmaceuticals reported half-year revenue up 22% year on year to US$477 million, tracking to the upper end of its FY26 guidance. Adjusted EBITDA surged 146% to US$52 million, while gross margin improved to 55% and the Precision Medicine segment margin reached 65%. Profit after tax was US$38 million, including a US$40 million payment from Regeneron, and operating cash flow was positive at US$23 million. The company ended the period with a cash balance of US$252 million.