Strong Revenue and EBITDA Growth
Total revenues for the first half of 2025 were $88.8 million, representing an 11% year-over-year increase, and adjusted EBITDA was $22.5 million, up 35% year-over-year. Revenue for the second quarter was $44.8 million, up 5% over the prior year quarter, and adjusted EBITDA was $10.9 million, up 20% year-over-year.
Positive Outlook and Increased Guidance
Based on positive outlook, Kamada is increasing its adjusted EBITDA guidance to between $40 million to $44 million and reiterating its annual revenue guidance of $178 million to $182 million. This represents an increase of approximately 12% in revenues and approximately 23% in adjusted EBITDA over 2024 results.
Innovative Post-Marketing Research Program for CYTOGAM
Initiation of a comprehensive post-marketing research program for CYTOGAM aimed at demonstrating advantages in CMV disease management, potentially leading to additional organic growth.
Successful Biosimilar Launches
Following the successful biosimilar launch in Israel last year, Kamada anticipates launching 2 additional biosimilars later this year, aiming for annual sales of $15 million to $20 million within the next 5 years.
FDA Approval for Plasma Collection Center
U.S. FDA approved a new plasma collection center in Houston, Texas, with an annual collection capacity of approximately 50,000 liters of plasma, expected to generate annual revenues of between $8 million to $10 million at full capacity.