Pro Medicus Limited Full Year Results
14 August 2024; Company Announcement - Full-Year Results 2024 - Acrobat pdf 364k Highlights Revenue from ordinary activities $161.5m – up 29.3% Underlying profit before tax $116.5m – up 35.3% Net profit $82.8m – up 36.5% Underlying EBIT margins increase to 69.5% (FY23: 67.2%) Cash and other financial assets $155.4m – up 27.9% Company remains debt-free Fully franked final dividend 22c per share Leading health imaging company Pro Medicus Limited [ASX: PME] today announced a full-year net profit of $82.8 million for the year to the end of June 2024, 36.5% higher than for the previous corresponding period. Revenue from ordinary activities was $161.5 million, up 29.3%. The company’s cash and other financial assets at the end of June 2024 were $155.4 million, up $33.9 million, an increase of 27.9%. Pro Medicus announced a fully franked final dividend of 22c per share, making the full year dividend 40c fully franked, an increase of 33.3%. The company remains debt-free. The result was driven by increased revenue from North America up 34.4% and Australia up 5.9%, whilst Europe decreased by 6.7% due to one-off revenue from a sale to a German hospital in the previous corresponding period. During the year Pro Medicus made the following key announcements: A $24M, 7-year contract with Memorial Sloan Kettering Cancer Centre, a not-for-profit cancer centre that operates 24 inpatient and outpatient locations across the New York City metropolitan region. A $140M, 10-year contract with Baylor, Scott and White, the largest not-for-profit health care system in Texas, and one of the largest in the United States. A $16M, 8-year contract with South Shore Health, the largest independent health system in Southeastern Massachusetts. A $20M, 8-year contract with Oregon Health & Science