By Frank Prenesti
Date: Monday 21 Jul 2025
(Sharecast News) - FTSE 250 (MCX) 21,942.17 0.20%
Molecular technology business Oxford Nanopore said on Monday that it had delivered a "strong" first half performance, with reported revenues expected to be up by a quarter year-on-year.
Oxford Nanopore H1 revenues of £105.0m, up 25% on a reported basis and 28% at constant currency, with growth being the strongest across its PromethION product range, up approximately 59% against FY24.
The FTSE 250-listed group said it had delivered strong growth in both research and applied markets, up by approximately 22% and 33%, respectively. On a geographical basis, the strong revenue performance was led by its Europe, Middle East, Africa & India unit and its Asia-Pacific operations, both up by more than 30% year-on-year at constant currency rates.
Oxford Nanopore also highlighted that targeted measures to improve gross margins progressed in line with expectations. However, these initiatives were offset in H1 by a non-cash one-off charge related to inventory alongside currency headwinds, resulting in a gross margin "marginally below" H124.
"The group continued to progress on its path to profitability, delivering a year-on-year and sequential reduction in adjusted EBITDA loss, supported by disciplined cost management and gross profit growth in the period," said Oxford Nanopore. "Full-year guidance remains on track, across all metrics, supported by strong first-half execution and continued momentum across the business."
MoneySuperMarket-owner Mony Group was a heavy faller, dropping 9% despite reiterating its full-year guidance as the company reportted ongoing weakness in the car insurance market. Group revenues in the six months to 30 June nudged up just 1%, to £225.3m, but insurance revenues fell 2%. I pay
Wizz Air gained on a read-across after positive first-quarter earnings from rival Ryanair.
Market Movers
FTSE 250 - Risers
Oxford Nanopore Technologies (ONT) 172.30p 17.53%
Rank Group (RNK) 156.40p 6.25%
Wizz Air Holdings (WIZZ) 1,080.00p 3.25%
Shaftesbury Capital (SHC) 157.70p 2.54%
IP Group (IPO) 58.50p 2.45%
Just Group (JUST) 133.80p 2.29%
Raspberry PI Holdings (RPI) 477.20p 2.27%
Volution Group (FAN) 647.00p 2.05%
Morgan Advanced Materials (MGAM) 234.00p 1.96%
FirstGroup (FGP) 224.20p 1.91%
FTSE 250 - Fallers
Mony Group (MONY) 203.60p -7.12%
Bridgepoint Group (Reg S) (BPT) 319.20p -6.39%
Future (FUTR) 716.50p -3.37%
Harworth Group (HWG) 179.00p -3.24%
Hochschild Mining (HOC) 264.40p -2.72%
Burberry Group (BRBY) 1,284.00p -2.54%
NCC Group (NCC) 145.20p -2.29%
Indivior (INDV) 1,172.00p -2.17%
Wickes Group (WIX) 224.00p -1.97%
SDCL Efficiency Income Trust (SEIT) 54.20p -1.81%
Email this article to a friend
or share it with one of these popular networks:
You are here: news