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Anagenics Posts Earnings Turnaround in 3Q25 After Restructure and Signs $4.4m Royalty Deal
3:21am on Monday 2nd of June, 2025 AEST
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Consumer Staples
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Anagenics Posts Earnings Turnaround in 3Q25 After Restructure and Signs $4.4m Royalty Deal
3:21am on Monday 2nd of June, 2025 AEST
Key Points
Underlying net profit before tax improved from a $963k loss in 1Q25 to a $413k profit in 2Q25 and 3Q25 combined
Exited loss-making Face MediGroup business, reducing overheads and complexity
Signed exclusive 10-year royalty agreement with York Street Brands targeting $4.4 million
Operating expenses cut substantially, delivering annualized cost savings of $2.5 million
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