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AFT Pharmaceuticals’ year of two halves

The listed pharma hit record revenue in FY25 after a second-half recovery.

AFT founder and managing director Dr Hartley Atkinson.

Key points
  • Revenue: FY25 revenue rose 6% to a record $208 million.
  • Net profit: Net profit after tax dropped 23% to $12m following one-off first-half disruptions.
  • Main takeaway: Strong outlook forecast with $300m revenue target by FY27, but analysts question how quickly profitability will follow growth.

A second-half recovery has boosted AFT Pharmaceuticals' full-year result to a record revenue of $208 million for FY25, up 6% on the prior year.

The revenue target has now shifted from $200m to $300m by the end of FY27, which would require a ramp-up in the annual growth rate from recent

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Fiona Rotherham Thu, 22 May 2025
Contact the Writer: fiona@nbr.co.nz
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Key points
  • Revenue: FY25 revenue rose 6% to a record $208 million.
  • Net profit: Net profit after tax dropped 23% to $12m following one-off first-half disruptions.
  • Main takeaway: Strong outlook forecast with $300m revenue target by FY27, but analysts question how quickly profitability will follow growth.
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AFT Pharmaceuticals’ year of two halves
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