Home / Business and Economy / Aussie Wellness Firm Wellnex Life Nears Profitability After Years of Losses
Aussie Wellness Firm Wellnex Life Nears Profitability After Years of Losses
31 Jul
Summary
- Wellnex Life Limited, an Australian health and wellness company, has incurred losses of AU$14m in the latest financial year and AU$12m in the trailing-twelve-month period.
- Analysts forecast the company to break even in 2026, projecting positive profits of AU$700k.
- The company's current market capitalization stands at AU$19m.
Wellnex Life Limited, an Australian health and wellness company, is on the verge of a major achievement as it moves closer towards its target of breaking even. The company, which has a market capitalization of AU$19m, has been undergoing an investment period, incurring losses of AU$14m in the latest financial year and AU$12m in the trailing-twelve-month period.
However, according to analysts, Wellnex Life is poised to turn a profit in the near future. The analysts anticipate the company to incur a final loss in 2025 before generating positive profits of AU$700k in 2026, effectively breaking even just over a year from now. This turnaround is expected to be driven by the company's growth, with analysts projecting an average annual growth rate of 58%, which they acknowledge is rather optimistic.
If the business grows at a slower rate, it will become profitable at a later date than expected. Nevertheless, the company's path to profitability is a significant milestone, as it aims to alleviate its losses and establish a sustainable financial footing in the health and wellness industry.
