Almac Group announces record revenue figure resulting from another year of growth. Revenue reaches $1.169 billion with profit at $114.4 million

Almac Group, the global contract pharmaceutical development and manufacturing organisation, has today announced its financial results for year ending 30 September 2023.

Figures released show the company recorded a $93 million rise in revenue to $1.169 billion, up from $1.076 billion in 2022.  Operating profit rose again - final pre-tax profits were recorded at $114.4 million, down slightly from $124 million in the previous year, due to a significant exchange rate adjustment¹.

The numbers released cover the second year of Almac Group’s $500M global expansion plans, announced in November 2021. This global expansion programme announced the creation of 1,800 new roles at Almac. 1,200 of those have already been filled and current Almac Group employee numbers now exceeds 7,300.

Almac is at the forefront of developing, manufacturing, testing and distributing essential medicines to patients around the world. During this financial year the group was involved in the development of hundreds of life-saving drugs spanning more than 20 therapeutic areas including oncology, cardiology, immunology, gene therapy and neurology.

Alan Armstrong, Almac Group Chairman and CEO said: “We are a privately-owned and independent company, committed to re-investing all our profit back into the business. We continuously innovate and expand our business offerings, enabling us to support our clients while advancing human health.

“Today’s announcement is a welcome continuation of growth for the Almac Group, and I would like to thank everyone within the organisation for playing their part. Our valued global workforce is Almac’s greatest asset providing the foundation for our success.

“Almac is dedicated to ensuring we remain a global leader in our industry, giving our clients and ultimately patients across the world the best possible offering. We continue to play our part as a valued and trusted member of the communities in which we operate.”