One Health Group shares jump 15% as NHS surgical provider beats revenue forecasts

One Health Group PLC (AIM:OHGR), the provider of NHS-funded surgical procedures, rose 15% to 254.54p after reporting full-year revenue and underlying earnings ahead of market expectations, with growth across every key operating metric.

Revenue for the year to 31 March 2026 rose 13% to £32.0 million, against a consensus estimate of £29.4 million, while underlying EBITDA (earnings before interest, tax, depreciation and amortisation) also beat the £2.3 million market forecast.

New NHS patient referrals grew 11% to 18,931, consultations rose 20% to 50,774, and surgical procedures increased 15% to 8,113.

The number of surgical operating facilities expanded 40% to 14, and the consultant roster grew to 88 from 80 a year earlier.

Construction of the group's first dedicated surgical hub, in Scunthorpe, Lincolnshire, is underway and on track for completion within a year at a cost of £8 million to £9 million, with further hub locations under assessment.

Cash at the year-end stood at £11.1 million, broadly flat on £11.4 million a year earlier, leaving the group well-funded for further organic growth and hub development.

Chief executive Adam Binns said NHS waiting lists remained very high despite recent modest reductions, and that One Health was well-positioned to continue reducing pressure on the health service by providing care across underserved areas.