EarningsNIOX's fiscal year trading update confirms another solid period of growth, with revenues increasing by 14% to £41.8 million, in line with consensus expectations.
Financial PerformanceStronger-than-expected operational leverage saw adjusted EBITDA grow by 21% to £13.8 million, exceeding consensus estimates.
ValuationNIOX trades at a significant discount to peers, with a 2025 estimated price-to-earnings ratio of approximately 13 times, considered too cheap given the company's growth and margin profile.