EKF Diagnostics Holdings plc

("EKF" or the "Company")

H1 2025 Trading Update

Continued improvement in earnings and cash generation

EKF Diagnostics Holdings plc (AIM: EKF), the AIM-quoted global diagnostics business, provides an unaudited trading update for the six months ended 30 June 2025 ("H1 2025"), a period showing further improvement in gross margins, earnings growth and cash generation, in-line with management expectations.

H1 2025 revenues were £25.2m (H1 2024: £25.2m), in-line with management expectations following completion of the rationalisation process last year which enabled a greater commercial focus on higher margin products and services. As a result, gross margins further improved to 50% (H1 2024: 48%) and adjusted EBITDA¹ showed continued growth. In constant currency terms, revenues and adjusted EBITDA grew year-on-year by 2% and 9% respectively.

Strong cash generation continued with cash balances as at 30 June 2025 of £16.9m (31 December 2024: £14.3m), including cash balances in Russia of £1.9m (31 December 2024: £1.3m). The Company has no bank borrowings and cash balances are after the deployment of £1m of on-market purchases in the initial share buyback programme, and the continued investment for growth that is part of the five-year strategic development plan for the business.

The implementation of the five-year plan continues in-line with management expectations, with a strong revenue performance from the key growth areas of Hematology (8% increase year-on-year) and β-HB (12% increase year-on-year). Diabetes sales have stabilised providing a steady performance in the first half. The pipeline for contract manufacturing and fermentation opportunities is encouraging with a number of high value prospects now in the advanced stage of discussions. The Company hopes to update shareholders on the conversion of these opportunities in due course.

The Company remains on track to deliver growth at the revenue and adjusted EBITDA levels for FY 2025 in-line with market expectations².

EKF will announce unaudited results for H1 2025 on 16 September 2025.

¹Earnings before interest, tax, depreciation and amortisation, excluding exceptional items.

²Management understands consensus revenue and Adjusted EBITDA forecasts for FY 2025 to be £53.6m and £12.4m respectively.

The person responsible for arranging the release of this Announcement
on behalf of the Company is Gavin Jones, Chief Executive Officer.

About EKF Diagnostics Holdings plc (www.ekfdiagnostics.com)

EKF is an AIM-listed global diagnostics business focussed on:

EKF has headquarters in Penarth (near Cardiff) and operates five manufacturing sites across the US and Germany, selling into over 120 countries world-wide.