Aroa Biosurgery
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Aroa Biosurgery (ARX) investor relations material

Aroa Biosurgery Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary2 Feb, 2026

Executive summary

  • Strong clinical and commercial momentum for Myriad, with positive trauma study results and expanding evidence base, including rapid tissue coverage and low complication rates in trauma procedures.

  • Symphony positioned for growth with US CMS setting a single reimbursement rate of US$127.14/cm² for outpatient skin substitutes, supporting broader adoption and commercial strategy focused on hospital outpatient departments and multiple care settings.

  • Largest ongoing multicenter study (MASTRR) for bioscaffolds in complex reconstruction with 450 patients enrolled; trauma subgroup shows strong clinical outcomes and reduced complications.

  • Guidance for FY26 revenue and EBITDA tracking toward the upper end of the range, with ongoing profitability and cash flow positivity.

  • Momentum driven by Myriad's success in soft tissue reconstruction, accumulating clinical evidence, and continued contribution from TELA Bio.

Financial highlights

  • FY26 total revenue guidance: NZ$92–100 million (constant currency), representing 10–20% year-over-year growth; normalized EBITDA: NZ$5–8 million.

  • Myriad product expected to deliver over 25% year-over-year constant currency growth.

  • Actual sales and EBITDA are tracking toward the upper end of guidance.

  • Cash flow positive for the last four quarters and expected for the full year.

  • Strong Q3 performance driven by direct sales and stable Ovitex sales.

Outlook and guidance

  • FY26 results expected at the upper end of guidance due to sales momentum and favorable US reimbursement changes.

  • Symphony RCT results expected by fiscal year-end or by end of March 2026, with publication expected in FY27.

  • Guidance assumes stable US tariff rates, no material decline in US medical procedures, and no major disruptions to manufacturing or transport.

  • Symphony anticipated to match or exceed Myriad's previous growth trajectory, depending on market and reimbursement dynamics.

  • Guidance based on NZ$/US$ exchange rate of 0.60.

Symphony's market share gain strategy
Myriad trauma study's sales conversion impact
Key drivers for increasing profitability?
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Frequently asked questions

Aroa Biosurgery Limited develops and manufactures regenerative tissue repair products derived from extracellular matrix biomaterials. The company’s products are used in wound care, soft tissue reconstruction, and surgical applications. Aroa Biosurgery serves healthcare providers and medical institutions across international markets. The company is headquartered in Auckland, New Zealand, and its shares are listed on the ASX.

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