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Pro Medicus
Pro Medicus (PME) investor relations material
Pro Medicus H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary12 Feb, 2026
Executive summary
Revenue increased 28.4% year-over-year to $124.8m, with underlying EBIT up 29.7% and improved EBIT margins; after-tax profit surged 230.9% to $171.2m, driven by a $149.1m unrealised gain on a 4D Medical investment and strong operational growth.
Achieved record half with seven new contracts totaling over AUD 280 million, including a $170m/10-year deal with University of Colorado Health and a major contract with University of Heidelberg.
Completed six cloud-based implementations and reported the busiest RSNA conference to date, generating significant new leads.
Maintains a strong balance sheet with $221.8m in cash and investments, up 5.3%, and remains debt free despite higher dividends, share buybacks, and investments.
Significant progress in expanding product suite to cardiology and pathology, with first major cardiology sale and imminent pathology launch.
Financial highlights
Underlying EBIT reached $90.7m, up 29.7% year-over-year, with EBIT margins at 72.6%.
Interim dividend increased 28% to AUD 0.32 per share, fully franked, with $33.4m declared for the interim period.
Realized an unrealized gain of approximately $149.1m from a hybrid debt/equity investment in 4D Medical.
Cash and investments at $221.8m, up 5.3% year-over-year.
Gross profit reached $128.8m, with a gross margin of nearly 100%.
Outlook and guidance
Expect revenue acceleration in the second half as large contracts ramp up, with five Trinity cohorts to be completed by July, representing about 80-85% of the contract.
Pipeline remains robust across all market segments and sizes, with strong network effects from flagship implementations.
Forward contracted revenue for five years surpassed AUD 1 billion, providing strong revenue visibility.
Sufficient cash reserves are available to fund anticipated growth internally.
Interim dividend of 32.0c per share declared, payable in March 2026.
4D Medical investment: realization strategy
European revenue: archive migration impact
Capital allocation: buybacks and incentives
How will new markets/products impact growth mix?
What is the impact of GE's InteleRad acquisition?
How will AI impact per-click revenue model?
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Next Pro Medicus earnings date
H2 202613 Aug, 2026
Pro Medicus
Next Pro Medicus earnings date
H2 202613 Aug, 2026
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Frequently asked questions
Pro Medicus Limited is an Australian health imaging IT company that develops and supplies software for radiology and medical imaging applications. Its products include enterprise imaging solutions used by hospitals, imaging centers, and healthcare providers to manage diagnostic workflows. The company offers software-as-a-service and on-premise deployment models. Pro Medicus Limited is headquartered in Melbourne, Australia, and its shares are listed on the ASX.
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