How did Nanosonics (ASX:NAN) perform financially in H1 FY26?

Nanosonics reported a total revenue of $102.2 million for the six months ended 31 December 2025, representing a 9% increase over the prior corresponding period. While statutory EBIT fell 3% to $8.4 million, the figure actually rose 15% on a constant currency basis.

What drove the revenue growth for Nanosonics (ASX:NAN) this half?

Growth was balanced across the business, with both recurring revenue ($75.7 million) and capital revenue ($26.5 million) increasing by 9%. A standout performer was the service segment, which grew 24%, though this was partially offset by a 23% decline in spare parts revenue as maintenance requirements fluctuated.

Is Nanosonics (ASX:NAN) expanding its profit margins?

Yes, the company saw significant operating margin expansion, reaching $8.5 million—a 27% increase compared to the previous year. This suggests Nanosonics is becoming more efficient at converting its $102.2 million revenue into profit.

How fast is the Nanosonics trophon installed base growing?

Nanosonics achieved 20% growth in new unit installations, adding 2,070 units during the half to bring its global cumulative installed base to 38,080 devices.

Why is the North American market significant for Nanosonics (ASX:NAN) right now?

North America saw a major 61% surge in upgrade sales, with 980 units sold as customers transitioned to newer hardware.

What is the status of the Nanosonics CORIS system launch?

Nanosonics has achieved key regulatory milestones for CORIS, securing registrations in Europe, the UK, and Australia, alongside an FDA submission in the USA. The company has now entered the "Controlled Market Release" phase, which is a vital de-risking step before a full commercial global rollout.

Why did Nanosonics' statutory profits fall if revenue went up?

Statutory EBIT and profit before tax both dropped by 3% due to currency fluctuations, specifically the impact of the Australian dollar against the US dollar. On a constant currency basis—which removes these FX "noise" factors—EBIT actually grew by 15%.

What are the main "bull" and "bear" points for Nanosonics (ASX:NAN) stock?

The bull case rests on strong 20% unit growth and the successful regulatory progress of the new CORIS platform. The bear case involves the statutory profit dip and a 23% decline in spare parts revenue.

Image for illustrative purposes only. Not a real photo.

Nanosonics H1 revenue grows 9% amidst global expansion

Written by Brie CarterPublished Feb 24, 2026, 3:12 AMLast Updated Jul 6, 2026, 5:26 AM

Nanosonics (ASX:NAN) has released its financial results for the six months ended Dec. 31, 2025, reporting a total revenue of $102.2 million.

This represents a 9% increase compared to the prior corresponding period, or 8% on a constant currency basis.

The growth was supported by both recurring revenue, which rose 9% to $75.7 million, and capital revenue, which also increased by 9% to $26.5 million.

Within the segments, service growth saw a notable 24% increase, while spare parts revenue declined by 23%.

The company's operating margin expanded to $8.5 million, marking a 27% increase over the year-ago period.

However, earnings before interest and tax were reported at $8.4 million, and operating profit before tax stood at $10.6 million, both reflecting a 3% decrease in statutory terms, though they showed increases of 15% and 13% respectively when measured in constant currency.

Nanosonics saw a 20% growth in trophon unit installations, with 2,070 total units installed during the half.

In North America, the company recorded 980 upgrade sales, a 61% increase a year earlier.

The period also featured the launch of the trophon3 and the trophon2 Plus software upgrade package.

The company achieved regulatory milestones for its CORIS system, including registrations in Europe, the UK, and Australia, and has since initiated a controlled market release for the technology.

At the time of reporting, Nanosonics' share price was $3.41.

Nanosonics H1 revenue grows 9% amidst global expansion

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