York diagnostics firm Abingdon Health reports 32% revenue rise

Summarised from 2 outlets · Updated 13 Oct, 11:02 · Archive

York-based medical testing company Abingdon Health has reported revenue of £11.3 million, up 32 per cent, and returned to adjusted EBITDA profitability.

Abingdon Health, a York-based diagnostics company specialising in rapid testing technologies, has reported a 32 per cent rise in total revenue to £11.3 million for the year ending June 30, 2026, up from £8.6 million the previous year. Adjusted EBITDA losses improved to £1.5 million from £2.6 million, with the company trading profitably at this level in the second half of the year.

Contract development revenue grew by 56 per cent to £5 million, a key driver of second-half performance, while regulatory services and medtech consulting revenue rose by 21 per cent to £4.1 million.

Dr Chris Hand, executive chairman, said the company had 'good visibility and a solid foundation of contracted revenue' entering the new financial year and was 'now attracting longer duration, larger value work'. However, he noted 'short-term delays since June on a number of programmes' due to availability of speciality reagents and specification updates, with some revenue-generating activities in the first quarter of the coming financial year being delayed. The company expects 'significant second half weighting of revenue' in the year to June 30, 2027 but still anticipates 'significant growth'.

Abingdon expanded its US operations in Madison, Wisconsin, opening a new manufacturing hub and performance evaluation facility in September 2026. The company had raised £3.2 million in net equity in October 2025 to support working capital needs and fund its US expansion.

How it is being reported

• York medical testing firm reports 32 per cent rise in revenue to £11.3 millionAbingdon Health has reported strong financial growth and a return to profitability at the adjusted EBITDA level.Gazette & Herald (Malton) · 13 Oct, 09:54
• York medical testing firm reports 32 per cent rise in revenue to £11.3 millionAbingdon Health has reported strong financial growth and a return to profitability at the adjusted EBITDA level.The Press (York) · 13 Oct, 09:54

In this story: Abingdon Health · York · Madison · Wisconsin · Dr Chris Hand

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