What happened with Paragon Care (ASX:PGC) and the Infinity Retail Pharmacy Group?

Paragon Care (ASX:PGC) issued a market update regarding its financial exposure to the Infinity Retail Pharmacy Group, which entered receivership and administration in December 2025.

How much money could Paragon Care (ASX:PGC) recover from the Infinity Group administration?

A preliminary Estimated Outcome Analysis indicates Paragon Care could recoup between $11.7 million and $15.8 million through the administration process. This represents an estimated recovery rate of 24% to 32.5% of its outstanding exposure to the Infinity Group.

Are there other potential sources of financial recovery for Paragon Care (ASX:PGC) regarding this debt?

Yes, the estimated $11.7 million to $15.8 million recovery range is prior to enforcing personal guarantees that Paragon Care holds from the owners and directors of Infinity Group.

What is the FY26 revenue and EBITDA guidance for Paragon Care (ASX:PGC)?

Paragon Care forecasts its FY26 revenue to reach approximately $3.7 billion. The company expects its underlying EBITDA to land between $95 million and $100 million, a projection that includes the financial impact of the Haju acquisition completed on April 1.

What does the Infinity Group provisioning mean for Paragon Care's (ASX:PGC) past financial statements?

Because Paragon Care recognized a 100% provision against the Infinity Group debts in its H1 FY26 results, the asset's value was effectively written down to zero on the balance sheet for that period.

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Paragon Care signals pharmacy receivership recoveries

Written by Brie CarterPublished May. 31 2026Last Updated May. 31 2026

Paragon Care (ASX:PGC) issued a market update regarding its financial exposure to the receivership of the Infinity Retail Pharmacy Group.

Following the appointment of receivers and administrators to the Infinity Group in December 2025, Paragon Care conducted a review of its historical trading receivables, ultimately recognising a 100% provision against the debts in its H1 FY26 financial results.

The analysis indicates that Paragon Care could recoup between $11.7 million and $15.8 million from the administration process, representing a 24% to 32.5% recovery rate of its outstanding exposure.

The estimated return is prior to enforcing additional guarantees obtained from Infinity Group’s owners and directors.

The company has already secured a $3.4 million cash recovery from the Australian Taxation Office for GST previously paid on the Infinity Group receivable.

The company forecasts its FY26 revenue to reach approximately $3.7 billion.

Underlying EBITDA is expected to land between $95 million and $100 million, a figure that includes the impact of the Haju acquisition completed on April 1.

Additionally, net debt is projected to sit between 2 and 2.5 times EBITDA, assuming a full year of contribution from recent acquisitions.

Management stated they will continue to update shareholders as new information emerges.