Nanosonics Limited (NAN) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome, everyone, to the Nanosonics half-year results for FY26. My name is Catherine Strong, and I'm Head of Investor Relations and Corporate Communications here at Nanosonics. As we start the webinar, all participants will be in listen-only mode, and we'll have a presentation of the results from Michael Kavanagh, Chief Executive Officer and President, and Jason Burris, Chief Financial Officer. During the presentation, the management team will speak to a selection of the slides lodged with the ASX earlier this morning, which will display via the webinar. If you've joined by conference call only, you may prefer to join by the webinar in addition. The presentation will be followed by a question and answer session. If you wish to ask a question, you'll need to press the star key followed by the number one on your telephone keypad. I would now like to hand the call over to Michael Cavanagh. Thank you very much, Catherine, and a very good morning, everybody, and thank you all for joining us. By now, I assume many of you will have seen and had an opportunity to have a quick browse through our first half results, which I believe demonstrates another really good and positive half both financially and operationally for the organisation. There's a lot of detail in all the materials that have been submitted, and before we get into some of those details, there really are a number of key takeaway points I'd like to highlight first. The first being the company does continue to deliver disciplined growth. You'll have seen revenue increase 9% versus PCP, while operating margin expanded 27%. driven by disciplines cost growth of just 4%. Our recurring revenue from consumables and service continue to grow and all of that's underpinned, of course, by continued expansion of o...