Operator

Thank you for standing by, and welcome to the Medical Developments International FY ’26 Full Year Results Call. [Operator Instructions]

I would now like to hand the conference over to Mr. Brent MacGregor, CEO. Please go ahead.

Brent MacGregor
Chief Executive Officer

Thank you very much. Good morning, everyone. Welcome to today’s investor briefing for our FY ’26 full year results. I am Brent MacGregor, I’m the CEO, and I’m joined today by Anita James, our Chief Financial Officer.

So today, I’m going to share with you an overview of our results and the company’s key achievements in the year and take you through our priorities for FY ’27. Anita will speak to the financials in more detail, after which I will give some closing remarks. And then as usual, we’ll have plenty of time for questions at the end of the presentation.

So on that note, why don’t we jump to Slide 4, and I’ll walk you through the key messages we want to convey today. So in short, our strategy to grow Penthrox, it continues to gain momentum. And as evidenced by our results in FY ’26, where we made some great progress.

We delivered a solid financial performance with very strong cash flow generation and earnings in both our Pain Management and Penthrox and in our respiratory segments were materially improved. And in that regard, free cash flow landed at $4.2 million.

So Penthrox in-market demand, it continues to grow, and it continues to grow across all of our jurisdictions. But we achieved some really significant milestones in FY ’26. A significant one in Europe was achieving the approval for the

The historic business has been snapped up by a larger regional group

A 150-year-old pharmacy in Cheltenham that collapsed into administration earlier this year has been sold off, securing the jobs of all staff.

Spa Pharmacy, which occupies a neo-Georgian terrace property on Rotunda Terrace, fell into financial difficulty in June, with insolvency specialists at BK Plus appointed shortly after.

The pharmacy has now been acquired by Hampshire-headquartered group Medicine Clinic Pharmacies for an undisclosed sum.

Medicine Clinic has taken over the day-to-day running of the business via a management agreement, with full completion to follow on NHS change of ownership approval.

Mitesh Patel, director at Medicine Clinic Pharmacies, said: “We are delighted to have exchanged on the takeover of Spa Pharmacy and, most importantly, to have been able to get the pharmacy back open and serving its local community so quickly.

“This was an exceptionally fast and complex transaction, with exchange achieved within just seven days, and it took a huge collaborative effort from everyone involved to make it happen.”

Mr Patel said the group’s “immediate priority” was to provide “stability and continuity” for patients, staff and the wider community.

“We are also very pleased to be working alongside the previous owners, whose knowledge of the pharmacy, its patients and the local community will be invaluable as we work together to rebuild the business and get it back on track,” he said.

“We see significant potential at Spa Pharmacy and are excited about the next chapter for the pharmacy, its team and the community it serves.”

The sales process was managed by Richard Thomas and Jonathan Board of property firm Christie & Co. The firm said it received 18 offers for the business before the sale with Medicine Clinic was agreed and that it demonstrated “the buoyancy” of the pharmacy market.

Mr Thomas said: “The pharmacy has traded as a successful independent business for many years, so speed was of the essence to ensure local patients could continue to access their medication. We undertook an expedited sales process and invited best and final offers within just one week.”

Simon Wall, associate director at BK Plus, added: “We are pleased to have been able to secure the sale of the Spa Pharmacy following an accelerated mergers and acquisitions process.

“The pre-packaged sale agreed immediately on myself and Brett Barton’s appointment as joint administrators has secured the employment of all of the company employees, and we anticipate a return to creditors.”

50,000-seat stadium has been proposed for Kirkby site

Hundreds of new homes are being built on land previously earmarked for a new Everton stadium and a Tesco supermarket in Kirkby. Named Tudor Place, the new community on Cherryfield Drive will provide a mix of one to four bedroom homes, including apartments, bungalows and 80 affordable homes, alongside investment in local infrastructure, education and healthcare.

A total of 800 homes are to be built on the land, with more than £7m to be invested to fund additional secondary school places, expanded GP capacity, improvements to public open spaces and sports facilities. Knowsley Council’s planning committee signed off on the proposals last February with work now well underway.

The development, which is being delivered by Barratt and David Wilson Homes, will give the community new green spaces with tree planting, and safe, accessible walking and cycling links to Valley Park and Kirkby town centre. During the construction phase, almost 200 jobs are being created.

The brownfield land to the south of Cherryfield Drive has been earmarked for development for many years. The site was identified in Knowsley Council’s housing land disposal programme to meet housing demand.

Two decades ago, there had been plans for Everton to relocate to the site from Goodison Park with the backing of Tesco. A new 50,000 seater stadium was proposed alongside a major new supermarket.

The first new homes are expected on site later this year. Alan Watt, sales director at Barratt Homes Manchester, said: “Tudor Place will deliver much more than new homes.

“It will create a thriving new neighbourhood that supports the long-term growth and prosperity of Kirkby. We’re proud to be bringing this development forward and look forward to unveiling our first collection of homes later this year.”

A total of £7.7m in Section 106 developer contributions is also helping to fund additional secondary school places, additional GP capacity and improvements to public open space and sports facilities. Jennifer Burns, Sales Director at David Wilson Homes North-West, added: “Tudor Place represents an exciting new chapter for Kirkby, delivering high-quality homes alongside lasting benefits for the wider community.

“We encourage prospective buyers to register their interest now to be among the first to receive updates and secure their opportunity to be part of this exciting new community.” The scheme includes a mix of two, three and four bedroom homes, as well as 10 bungalows and apartments.

Homes will also be fitted with electric vehicle charging points.

To find all the planning applications, traffic diversions, road layout changes, alcohol licence applications and more in your community, visit the Public Notices Portal.

The founder of Evergrande, the property giant at the centre of China’s housing market slump, has been sentenced to life in prison and had all of his personal property confiscated.

Hui Ka Yan pleaded guilty in April to several charges, including embezzlement of assets and corporate bribery.

Shenzhen Intermediate People’s Court also fined Evergrande Group 8.82bn yuan (£960m; $1.31bn), while its real estate unit was ordered to pay 7bn yuan, according to state media.

Hui’s sentencing marks a pivotal moment in the fallout from Evergrande’s collapse, which shook China’s property sector and left investors and domestic banks reeling.

Hui, also known as Xu Jiayin, rose from humble beginnings in rural China, where he was raised by his grandmother before venturing into property development and setting up Evergrande in 1996.

He oversaw the company’s rapid rise through an aggressive expansion funded with large amounts of borrowed money.

The firm became China’s biggest real estate developer, with a stock market valuation of more than $50bn (£36.7bn), but collapsed in 2021.

Evergrande’s implosion has often been blamed for triggering a broader slump in China’s property market that continues to weigh heavily on the economy.

Authority says mill clearance will pave way for housing schemes

An old mill in Heywood will be demolished to make way for Heywood’s regeneration.

Regent Mill is an industrial complex rather than the typical historic cotton mill you see dominating the skylines of Rochdalian towns. But the bulldozing of this deteriorating building on St James Street could unlock a wider vision for Heywood.

Rochdale council, who are carrying out the demolition work, say they hope to bring forward plans to build around 200 new homes in this area of the town.

These homes are expected to be more affordable homes. No timeline for when this could happen has been set out.

Once the former tile merchant has been levelled, it would facilitate housing schemes to come forward, according to the local authority. This would link into Heywood’s ongoing regeneration.

A fresh new Heywood Civic has already been completed. This has been accompanied by the makeover to Peine Square on the Civic’s doorstep.

Some £20m of the government’s Pride in Place funding is currently being spent, with grant applications for local businesses expected to be open soon. This would bring further cash directly to local organisations to better the area.

Coun Danny Meredith, cabinet member for regeneration and housing at Rochdale Borough Council, said: “The demolition of Regent Mill is part of the wider regeneration of this part of Heywood, as part of our masterplan. This will see us work with partners to transform brownfield sites around the town centre into new, high-quality much needed social homes for local people.

“Over time, we hope to bring forward more than 200 homes on and around the Regent Mill area. So where we now have empty sites, which are not visually appealing, we will have fantastic new homes to help address our housing shortage and give the whole area a lift.

“We have already seen considerable regeneration within Heywood town centre and this project will continue this redevelopment and further support local families.”

There are some concerns about the demolition work raised by highways teams. Highways explained that recent demolitions of properties in this area ‘have caused damage to highways surfaces causing significant risk to pedestrians’.

Planning papers described how the council intends to fence off the demolition site, including debris netting and site signage to protect pedestrians and the roads.

Michael Perich
CEO & MD

Good morning, and welcome to the presentation for the full year results for Noumi Limited for the financial year of 2026. I’m Michael Perich, Group CEO. And today, I’m joined by Noumi Chair, Genevieve Gregor, and I’d like to welcome our Group CFO, Iain Short, for his first call for Noumi.

It’s a pleasure to be with you today, and thank you for joining the call. We’ve uploaded the relevant materials to the ASX. You can navigate to the slides as you choose or follow on the screen. [Operator Instructions]

I will focus on the overview of the results and discuss the key elements of the progress of the company during the year. This will be followed by our strategy for the upcoming period. Iain will follow with the financial performance for the period, followed by closing remarks. Genevieve will take you through the Scheme Implementation Deed. We’ll then move to Q&A at the completion of the formal presentation.

The key messages for today’s call is, consistent execution of our strategy is delivering results. I’m proud of the progress we are making as we execute our plans, but there is more to do. As you will see in the results, FY ’26 is another year of consistent progress for Noumi with modest growth in revenue and underlying earnings, delivered alongside deliberate investment in brands, people and capabilities. These results were delivered in a challenging period with a number of external factors impacting the results.

Investments into our brands delivered revenue growth. Solid adjusted operating