Strong Financial Performance
Cogstate reported a total revenue of $53.1 million for the year, up 22% from the previous year. Clinical Trials revenue increased by 28% to $50.6 million. Profit before tax rose by 96% to $13.9 million, and profit after tax increased by 86% to $10.1 million.
High Margins and Cash Flow
The company achieved a gross margin of 61%, an EBITDA margin of 30%, and an EBIT margin of 25%. Operating cash inflow was $11.5 million, and the cash balance at the end of the financial year was $35.6 million.
Maiden Dividend Announcement
Cogstate declared its first fully franked dividend of AUD 0.02 per ordinary share. The company targets an annual dividend payout ratio between 20% and 50% of net profit after tax.
Expansion and New Contracts
The company signed $41.3 million worth of contracts for the June '25 financial year, up 53% from the previous year. An additional $14.1 million worth of contracts were signed in the first few weeks of FY '26.
Partnership with Medidata
Cogstate's partnership with Medidata has led to seven studies being jointly awarded, a strong sales pipeline with 42 open opportunities, and increased reach into CNS indications.
AI Development and Market Expansion
Cogstate is set to launch its first AI-powered products in FY '26 to support further automation and scalability. The company is also expanding into psychiatric and mood disorders.