Telix Pharmaceuticals (ASX:TLX) Reports H1 2025 Financial Results
Financial Performance
Telix Pharmaceuticals Limited reported a 63% increase in revenue for the half-year ended 30 June 2025, reaching $390.4 million. The group achieved a gross profit margin of 53% and an adjusted EBITDA of $21.1 million. Operating net cash flow stood at $17.7 million, with a cash balance of $207.2 million following $241.8 million in strategic M&A investments.
Precision Medicine
The Precision Medicine segment saw a 30% revenue increase compared to H1 2024, driven by higher Illuccix dose volumes. Adjusted EBITDA in this segment rose by 24% to $104.6 million. Selling and marketing expenses increased to $40.9 million to support new product launches, including Illuccix in Europe and the introduction of Gozellix®, Zircaix®, and Pixclara®.
Manufacturing Investments
Telix expanded its Manufacturing Solutions (TMS) infrastructure across the United States, Belgium, Australia, and Japan. This significant augmentation of the global production and manufacturing footprint is aimed at supporting both clinical and commercial operations.
Telix Therapeutics
The company invested $81.6 million in R&D, a 47% increase year-over-year, focusing on late-stage assets in therapeutics and precision medicine. Key milestones include the completion of patient enrollment for the Phase 3 study of TLX591 in advanced metastatic castration-resistant prostate cancer and the commencement of Phase 1 studies for TLX592 and TLX101.
Guidance
Telix confirms its full-year 2025 revenue guidance of US$770 million to US$800 million, with continued R&D investment increased by 20% to 25% compared to FY 2024.
Executive Comments
Managing Director and Group CEO, Dr. Christian Behrenbruch, stated, “Telix continues to deliver strong revenue growth while building a foundation for the future. The first half of 2025 was a period of rapid transformation as we expanded our global manufacturing operations, invested in launching new products in new markets, and accelerated the development of our therapeutic pipeline. These investments have positioned Telix for sustainable, long-term growth, while our diversified business provides multiple drivers of success. To generate future revenue growth, we are confident in securing product approvals for Pixclara and Zircaix while advancing geographic and indication expansion for the PSMA portfolio.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Telix Pharmaceuticals. The Motley Fool Australia has recommended Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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