One Health Group PLC (LSE:OHGR) reported a fifth consecutive year of growth for the year ended 31 March 2026, with revenue increasing 11% to £31.6 million and adjusted EBITDA rising 28% to £2.6 million. Gross profit advanced 21%, while underlying earnings per share improved 10%. The company also ended the year with a strong cash position of £11.1 million, supporting a proposed increase in the total dividend to 6.3p per share.
Rising NHS Demand Continues to Support Expansion
The group continued to expand its operations during the year, delivering double-digit growth in NHS patient referrals, consultations and surgical procedures. One Health also increased its network of consultants, outreach clinics and operating locations, benefiting from sustained pressure on NHS waiting lists and greater reliance on independent healthcare providers.
The company now works with 29 integrated care boards and several NHS trusts, strengthening its position as a key provider of NHS-funded elective care across its operating regions.
First Owned Surgical Hub to Boost Capacity
Construction of One Health’s first owned surgical hub is progressing and is expected to provide a significant increase in treatment capacity from the 2027/28 financial year. The new facility will complement the group’s existing network of partner hospitals while supporting future growth in patient volumes.
Management is also evaluating additional surgical hub locations in areas with high demand and limited healthcare provision as part of its strategy to help the NHS reduce waiting times.
Strong Balance Sheet Supports Long-Term Growth Plans
Following its successful AIM listing in March 2025, One Health said it remains well capitalised to fund continued organic expansion. Growth initiatives include increasing patient referrals, recruiting additional surgeons and expanding capacity through independent hospital partnerships.
The company has scheduled its annual general meeting for 11 September 2026, when shareholders will vote on the proposed final dividend, reflecting management’s confidence in the group’s cash generation and the long-term demand for NHS-funded surgical services.
More about One Health Group PLC
One Health Group PLC is an independent provider of NHS-funded surgical procedures, operating primarily through the NHS Patient Choice scheme. The company works with approximately 140 NHS-employed surgeons and anaesthetists on a subcontracted basis across 14 independent hospitals and 40 outreach clinics, serving patients across Yorkshire, Lincolnshire, Derbyshire, Nottinghamshire and Leicestershire.
Its core specialisms include orthopaedics, spinal surgery, general surgery and gynaecology, with urology recently added to its service offering. During the year ended March 2026, the group treated almost 19,000 new patients, delivered more than 50,000 consultations and performed over 8,000 surgical procedures, with knee and hip replacements continuing to drive activity.
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