FY25 Results Presentation
Released
Released
Announcement PDF
NASDAQ: IMRN
ASX: IMC
FY25 Results
Presentation
Steven Lydeamore
Chief Executive Officer
29 August 2025
SAFE HARBOR STATEMENT
C e r t a i n s t a t e m e nt s m a d e i n t h i s p re s e nt a t i o n a re fo r wa rd - l o o k i n g s t a t e m e nt s a n d a re
b a s e d o n I m m u ro n ’s c u r re nt ex p e c t a t i o n s , e s t i m a t e s a n d p ro j e c t i o n s . Wo rd s s u c h a s
“a nt i c i p a t e s ,” “ex p e c t s ,” “ i nt e n d s ,” “ p l a n s ,” “ b e l i e v e s ,” “s e e k s ,” “e s t i m at e s ,” “g u i d a n c e ”
a n d s i m i l a r ex p re s s i o n s a re i nt e n d e d t o i d e nt i f y fo r wa rd - l o ok i n g s t a t e m e nt s .
A l t h o u g h I m m u ro n b e l i e v e s t h e fo r wa rd - l o o k i n g s t a t e m e nt s a re b a s e d o n
re a s o n a b l e a s s u m p t i o n s , t h e y a re s u b j e c t t o c e r t a i n r i s k s a n d u n c e r t a i nt i e s ,
s o m e o f w h i c h a re b e y o n d I m m u ro n ’s co nt ro l , i n c l u d i n g t h o s e r i s k s o r
u n c e r t a i nt i e s i n h e re nt i n t h e p ro c e s s o f b o t h d e v e l o p i n g a n d co m m e rc i a l i z i n g
t e c h n o l o g y. A s a re s u l t , a c t u a l re s u l t s co u l d m a t e r i a l l y d i f fe r f ro m t h o s e
ex p re s s e d o r fo re ca st e d i n t h e fo r wa rd - l o o k i n g s t a t e m e nt s .
T h e fo r wa rd - l o ok i n g s t a t e m e nt s m a d e i n t h i s p re s e nt a t i o n re l a t e o n l y t o
e v e nt s a s o f t h e d a t e o n w h i c h t h e s t a t e m e nt s a re m a d e . I m m u ro n w i l l n o t
u n d e r t a ke a ny o b l i ga t i o n t o re l e a s e p u b l i c l y a ny re v i s i o n s o r u p d a t e s t o
t h e s e fo r wa rd- l o o k i n g s t a t e m e nt s t o re f l e c t e v e nt s , c i rc u m sta n c e s o r
u n a nt i c i p a t e d e v e nt s o c c u r r i n g a f t e r t h e d a t e o f t h i s p re s e nt a t i o n exc e p t a s
re q u i re d by l a w o r by a ny a p p ro p r i at e re g u l a t o r y a u t h o r i t y.
F Y 2 0 2 5 re s u l t s i n t h i s p re s e nt a t i o n a re s u b j e c t t o a u d i t re v i e w.
Executive summary
Immuron Ltd (NASDAQ:IMRN) (ASX:IMC) is a globally integrated biopharmaceutical company focused on
developing, and commercialising, oral immunotherapeutics for the treatment of gut mediated diseases
Company Overview
Financial Snapshot
Three commercial products:
Travelan® (traveller’s diarrhoea), Protectyn® and ProIBS (irritable bowel syndrome)
Three clinical programs:
Travelan®: IMC: Phase 2 CHIM trial (n=60)
Shares on Issue
268,219,973
Travelan®: USU: Field Study (n=866)
Total Options
13,540,315
IMM-529 (CDI): IMC: preparing IND for Phase 2 trial (n=60)
Last Traded Price
IMC: A$0.068
52 week High/Low
IMC: A$0.11/0.054
IMRN: $2.87/1.50
Market Cap
IMC: A$18.23m
Cash & Term Deposit (30 June 2025) –
Excludes A$2.8m raised from US
placement (July 2025)
A$5.9m
Business Update
Clinical:
Commercial:
Travelan® (IMM-124E) Travelan® Uniformed Services University IMM-124E trial 100% of 866
participants have been randomized and deployed
Continued quarter on quarter
growth of Travelan®
Travelan® (IMM-124E) Travelan® Uniformed Services University IMM-124E trial topline results
anticipated in October 2025
ProIBS launch stock ordered
IMM-529 (CDI): Immuron anticipates submission of Investigational New Drug (IND) by end of
September 2025
Major Shareholders
IMM-986 (VRE): Colostrum manufactured for preclinical studies; assay development in progress
Results, Upcoming Milestones & Outlook
FY25 Results:
FY25 Global Sales Revenue of A$7.3 million up 49% on prior
year – North American Travelan® sales A$2.0 million up 76% on
prior year
Profit1 from Hyperimmune products for FY25 was A$1.35m, the
same as FY24; FY25 increased selling & marketing investment
A$1.4m
1 Segment reporting; excludes Research & Development and Corporate
segments.
Continued quarter on quarter growth of Travelan® from growth
drivers
Australian launch of ProIBS 1Q CY2026
Clinical Development
Travelan® IMM-124E: 1H 2026: End of Phase 2 FDA meeting
(Phase 2; n=60)
IMM-529 (CDI): Immuron anticipates FDA approval of IND in
December 2025
Units
% of CSO
BNY Mellon Asset Management
113,417,824
42.29 %
Authentics Australia Pty. Ltd.
5,500,000
2.05 %
Grandlodge
3,846,712
1.43 %
Management & Board
3,234,153
1.21 %
Holder
3
1. FINANCIAL & OPERATIONAL HIGHLIGHTS
FY25 Financial Summary
Global Sales
Revenue
$7.3m
Up 49%
Australian Sales
Revenue
$5.3m
Up 40%
North American
Sales Revenue
$2.0m
Up 76%
Gross Profit
Margin
65.4%
EBITDA (ex-R&D)1
$(3.1)m
$2.1m
improvement
Cash + Term
Deposit
$5.9m (excludes
A$2.8m raised from
the US placement)2
1 ex-R&D: add back research & development, less R&D Tax Incentive and R&D grants; 2 30 June 2025, as reported in Immuron’s Appendix 4E (Cash $2.83m; Term Deposit $3.04m) and excludes the A$2.8m raised from
the US placement of 32.9m shares at the AUD equivalent of $0.0824 per share conducted on the Nasdaq:IMRN completed 17 July 2025. The shares were purchased by US investors from Immuron’s US At-The-Market
(ATM) facility. The ATM facility has now been fully utilised.
5
Travelan® continued strong sales growth
Global Year to Date Net Sales ($AUD)
Global
+ FY2025 AUD$7.3 million up 49% on prior year
$8,000,000
$7,000,000
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$-
Australia
Jul - Sep
Oct - Dec
FY24
Jan - Mar
Apr - Jun
FY25
+ FY2025 AUD$5.2 million up 40% on prior year
+ Secured core ranging in additional nine pharmacy banner
groups
North America
+ FY2025 AUD$2.0 million up 76% on prior year
+ Strongest sales growth on amazon.com
+ Secured distribution in ten pharmacy/grocery retailers in
Canada
6
Commercial – Operational Highlights
2H FY24
1H FY24
2H FY25 and
Outlook
1H FY25
Travelan® / Protectyn®
Revenue
•
•
•
$2.36m global sales
$1.87m Australia
$0.48m North America
•
•
•
•
•
•
$2.55m global sales
$1.87m Australia
$0.67m North America
$4.00m global sales
$2.89m Australia
$1.11m North America
Marketing &
Distribution
•
•
•
$3.29m global sales
$2.36m Australia
$0.93m North America
•
Australia: 3,700 pharmacies; 27m
people
Canada: 10,000 pharmacies; 39m
people
USA: 342m people
•
•
ProIBS
Highlights
•
Exclusive distribution of ProIBS® for
the treatment of symptoms related
to IBS in Australia and New
Zealand.
•
Purchase order placed with
anticipated delivery in 3Q2025.
Anticipated product launch in 1Q
CY2026.
7
2. CLINICAL DEVELOPMENT PROGRAM
Revenue generating with a strong clinical development pipeline
Indication
Traveller’s
Diarrhoea
Clostridioides
Difficile
Vancomycin
Resistant
Enterococci
30 August 2024
29 August 2025
Travelan® (IMM-124E) Phase 2 Clinical study topline data reported in
March 2024
Clinical study report submitted to FDA in January 2025
Awaiting Travelan® Uniformed Services University clinical trial topline results
(anticipated October 2025) before requesting end of Phase 2 meeting
Travelan® Uniformed Services University clinical trial reaches 77%
recruitment of 866 patients
Travelan® Uniformed Services University clinical trial 100% of participants have
been randomized and deployed
Quality review of study data initiated
October 2025 anticipated top line results
IMM-529 pre-IND submission to the FDA in July 2024
Planning IMM-529 FDA IND submission by end of September 2025
Anticipated IMM-529 FDA approval December 2025
New project (IMM-986) initiation of pre-clinical research collaboration with Monash
University targeting Vancomycin Resistant Enterococci (VRE)
Colostrum manufactured for preclinical studies. In Vitro method development
initiated.
9
Status of product portfolio and key milestones
Indication
Traveller's Diarrhoea
Compound
Travelan®
Peak U.S.
sales
US$ 102 m
Preclinical
Phase 1
Phase 2
Phase 3
Registration
Collaborator or Funding
Source
Uniformed
Services
University
Current
Status
100% of 866
participants
recruited
Anticipated Dates
1H 2026
2H 2025
Topline Data
End of Phase 2
FDA meeting
IMM-124E
Completed
Clostridioides Difficile
IMM-529
Pre-IND
IND
submission to submission to
FDA
FDA
Vancomycin Resistant
Enterococci
IMM-986
US$ 400 m
Manufacturing
completed
Preclinical
activities
10
IND FDA
approval (31
December
2025)
In Vitro and In
Vivo
Preclinical
data
3. UPCOMING MILESTONES & OUTLOOK
Upcoming Milestones & Outlook
Commercial
+ Continued quarter on quarter growth of Travelan® from growth drivers
+ Australian launch of ProIBS in Q1 CY2026
+ Planned growth in profitability1 of Hyperimmune products net of planned
increased investment in selling & marketing
Clinical
IMM-124E (Travelan®): Traveller’s Diarrhoea
+ IMM-124E: completed 100% recruitment, randomization and deployment
(Phase 4; n=866)
+ IMM-124E: October 2025: Topline data (Phase 4; n=866)
+ IMM-124E: 1H 2026: End of Phase 2 FDA meeting (Phase 2; n=60)
IMM-529: Clostridioides difficile infection (C.diff, CDI)
+ IMM-529: 30 September: FDA IND Submission
+ IMM-529: 31 December: FDA IND Approval
1 Segment reporting; excludes Research & Development and Corporate segments.
12
STEVEN LYDEAMORE
CHIEF EXECUTIVE OFFICER
IMMURON LIMITED
CONTACT INFORMATION:
EMAIL: STEVE@IMMURON.COM
PHONE: AUSTRALIA: +61 438 027 172
Share your feedback
Discover