Strong Commercial Pharma Growth
Commercial Pharma segment, which makes up 70-80% of turnover, showed sustained momentum with double-digit constant exchange rate revenue and EBITDA growth. The segment achieved 10% growth in constant exchange rates, with robust performances across Prescription Medicines, OTC Medicines, and Injectables.
Successful Launch of Mounjaro
The product Mounjaro, in partnership with Lilly, became the fastest-growing product in the South African market, with expectations to reach ZAR 1 billion in sales. This contributed significantly to the growth in the Africa, Middle East region.
Strong Operating Cash Flow Conversion
Aspen achieved an operating cash flow conversion rate of 147%, one of the highest in the last 5 years, demonstrating solid cash management despite revenue challenges.
GLP-1 Regulatory Progress
Aspen's GLP-1 dossier was one of only three to pass screening in Canada, indicating a strong position in the competition for entry into the GLP-1 market.
CapEx Reduction and Focus on Free Cash Flow
Aspen plans to reduce capital expenditure to ZAR 3.8 billion in FY 2026 from ZAR 5.1 billion in FY 2025, aiming to align CapEx with depreciation by FY 2027/2028, thereby improving free cash flow.