Mayne Pharma Group (ASX:MYX) released an unaudited trading update for the first five months of FY26, revealing a complex financial landscape marked by strategic investments and shifting segment performances.
While the company reported total net revenues of $165 million, a 5.5% decrease compared to the prior corresponding period, there were notable bright spots in volume growth and margin expansion.
The dermatology segment emerged as a significant driver, with direct contribution rising 17% to US$12 million, fueled by the launch of TWYNEO and EPSOLAY, which helped bolster gross margins to 64%.
Conversely, the Women’s Health segment saw a 13.4% reduction in contribution to US$18.6 million, a dip attributed to one-time managed care credits and increased marketing expenditure aimed at long-term growth; despite the lower contribution, trade unit volumes for the segment actually climbed by 15%.