Impressive Organic Revenue Growth
The company achieved an organic revenue growth of 81% and total revenues increased by 44% to GBP128.8 million in 2024.
Record Client Orders
The contracted value of client orders reached GBP186 million in 2024, a 35% increase from the previous year.
Operational Efficiency
Operating EBITDA loss narrowed significantly from GBP52.8 million in 2023 to GBP15.3 million in 2024, with a GBP5 million operating EBITDA profit in the second half of 2024.
Strong Commercial Momentum
The company reported significant growth in its pipeline, with a risk-adjusted pipeline growth of 61% from 2022 to 2024.
Successful FDA Inspection
The FDA inspection of the Oxford manufacturing site in July 2024 resulted in zero written observations, highlighting the quality management system.
Strategic Expansion and Rebranding
Completed acquisition of OXB in France, expanding operational footprint, and rebranded as OXB establishing a unified brand across geographies.