Creo Medical Group - H1-26 Trading Update
Creo Medical Group plc
("Creo", the "Company" or the "Group")
H1-26 Trading Update
45% increase in H1-26 revenues
Continued commercial momentum and a materially lower cost base
Confident in delivering full year performance in line with management expectations
Creo Medical Group plc (AIM: CREO), the medical device company focused on the emerging field of minimally invasive surgical endoscopy for pre-cancer and cancer patients, provides a trading update for the six months ended
Financial highlights
The Group has continued to make strong operational and strategic progress through the second quarter of this financial year. Revenue for H1-26 increased by 45% to
Management has remained focused on scaling the commercial platform, reducing the Group's operating cost base and simplifying the business. Underlying operating costs for H1-26 decreased by 15% to
In
Operational overview
Commercial and clinical momentum continued across the product portfolio during the period, supported by increased third-party clinical validation and procedural adoption. Key developments included the first
Earlier this month, the Company announced that MicroBlate™ Flex had exceeded 100 clinical cases, reflecting increasing utilisation, growing clinician engagement and accelerating adoption across leading centres.
Outlook
The Board remains encouraged by trading into the second half of 2026, supported by a strong order book carried into Q3-26, the Group's usual H2-weighted revenue profile and the continued growth in clinical and commercial validation. Together with the benefits of a lower cost base, the Board remains confident in delivering full year revenue growth in line with existing guidance of 50% to 60%.
Notice of Interim Results
Creo will announce its unaudited interim results for the six months ended
For further information please contact:
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Creo Medical Group plc |
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Via Walbrook PR |
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Shore Capital (Nomad and Sole Broker)
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+44 (0)20 7408 4090 |
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Walbrook PR Ltd |
Tel: +44 (0)20 7933 8780 or creo@walbrookpr.com |
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Mob: +44 (0)7980 541 893 / +44 (0)7407 804 654 |
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About Creo Medical
Creo is a medical device company focused on the development and commercialisation of minimally invasive electrosurgical devices, bringing advanced energy to endoscopy.
The Company's vision is to improve patient outcomes through the development and commercialisation of a suite of electrosurgical medical devices, each enabled by CROMA, powered by Kamaptive. The Group has developed CROMA, powered by Kamaptive, a full-spectrum adaptive technology designed to optimise surgical capability and patient outcomes. Kamaptive is a seamless, intuitive integration of multi-modal energy sources, optimised to dynamically adapt to patient tissue during procedures such as resection, dissection, coagulation, and ablation of tissue. Kamaptive technology provides clinicians with increased flexibility, precision and controlled surgical solutions. CROMA currently delivers bipolar radiofrequency ("RF") energy for precise localised cutting and focused high frequency microwave ("MW") energy for controlled coagulation and ablation via a single accessory port. This technology, combined with the Group's range of patented electrosurgical devices, is designed to provide clinicians with flexible, accurate and controlled clinical solutions. The Directors believe the Company's technology can change the landscape of surgery and endoscopy by providing a safer, less invasive and more cost-efficient option for procedures.
For more information, please refer to the website www.creomedical.com
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