Trading Statement

SkinBioTherapeutics PLC

22 September 2026

 

SkinBioTherapeutics plc

("SkinBioTherapeutics" or "the Company" or the “Group”)

Directorate Changes & Pre-Close Trading Update

22 September 2026 – SkinBioTherapeutics plc, (AIM: SBTX), the life science business focused on skin health announces that both the former interim CEO, Rachel Parsonage and former acting Chair, Alyson Levett have agreed to make their roles permanent. The Company has also released its pre-close trading update for the full year ended 30 June 2026 (FY26).

Interim CEO and Acting Chair to take on permanent roles

Rachel Parsonage was appointed as Interim CEO in March 2026 on an initial six-month contract. She brings over 25 years’ experience as a senior executive across the consumer beauty and wellness sectors. Her immediate mandate was to stabilise the business and ensure the Group continued to operate effectively while the forensic investigation was undertaken. Since her appointment, Rachel has made significant progress, including implementing operational improvements which are designed to build for future growth. She has agreed to assume the CEO position on a permanent basis.  

In addition, Alyson Levett who was appointed as Interim Chair in June 2026, will become the permanent Non-Executive Chair of the Board.  Her corporate governance experience has been invaluable in managing the forensic investigation earlier in the year. She will continue to act on an interim basis as the Chair of the Audit & Risk Committee.

The Company is in advanced discussions to appoint an additional Non-Executive Director to the Board, and an announcement will be made very soon.

Pre-Close Trading Update

Management expects to report revenue growth of approximately 20.5% to £4.7m (FY25: £3.9m restated).  This growth is predominantly driven by a full year's trading from Bio-Tech Solutions (BTS) which is expected to contribute revenue of £2.1m (FY25: £1.4m 9 months), representing an underlying increase in turnover of approximately 10.0% (this excludes intercompany sales). Revenue from the rest of the Group’s operations also delivered modest growth.

The adjusted EBITDA loss is expected to be £1.6m (FY25: loss £1.7m restated). Adjusted EBITDA is stated before exceptional costs of £1.2m (FY25: £0m restated).  These exceptional items comprise £0.7m of direct investigation costs and £0.5m of other one-off costs, including legal and employment-related costs, arising from the circumstances of the investigation.

Cash as at 30 June 2026 was £1.5m (2025: £4.8m).  Cash consumption in the 12 months to 30 June 2026 has been impacted by the EBITDA loss and the exceptional items. The Group has sufficient cash reserves to support its current operations and planned activities.

Trading in the early months of FY27 has been ahead of management’s internal expectations. The Board’s immediate priorities remain revenue growth, reducing the underlying operating loss and preserving cash.

The above figures are subject to review by the Company's auditors before publication of the final FY26 results later in the year.

Alyson Levett, Chair of SkinBioTherapeutics plc, said:

“I am delighted that Rachel has agreed to become CEO on a permanent basis. She has provided stability and leadership during an exceptionally challenging period and has begun implementing the operational changes the Group requires.

“FY26 revenue increased to approximately £4.7m, principally reflecting the full-year contribution from BTS, alongside modest underlying growth across the rest of the Group. Our priorities for FY27 are clear: to grow the revenue-generating businesses, improve operating performance and maintain disciplined control of costs and cash.

“With Anita Slater joining as Interim CFO and discussions regarding an additional independent Non-Executive Director at an advanced stage, we are continuing to strengthen both the executive team and the Board.”

For information on its operations and products, please visit the individual websites, Dermatonics, Bio-Tech Solutions and AxisBiotix or the Company's LinkedIn HERE.

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Images

Alyson Levett, Chair

Rachel Parsonage, CEO

For more information please contact:

SkinBioTherapeutics plc Alyson Levett, Chair Rachel Parsonage, CEO Anita Breslin (née Slater), Interim CFO	[e-mail]
Singer Capital Markets (Nominated Adviser & Broker) Alex Bond Sara Hale Patrick Weaver	[phone]
Vigo Consulting Melanie Toyne-Sewell, Rozi Morris	[phone] [e-mail]

Notes to Editors

About SkinBioTherapeutics plc

SkinBioTherapeutics is a life sciences company focused on skin health. The Group’s proprietary platform technology, SkinBiotix®, is based upon discoveries made by the translational dermatology team at the University of Manchester.

The Company’s strategic approach to skin health is via two routes – tackling skin issues from the ‘outside in’ and the ‘inside out’. The ‘outside in’ approach is represented by topical creams, and from the ‘inside out’, via oral supplement solutions which impact the skin via different axes such as the gut and the brain.

SkinBio’s products and services are developed through evidence-based science and commercially focused innovation with the aim of supporting skin health, well-being, repair and beauty. SkinBio also has a contract manufacturing and distribution arm related to skin health and other healthcare products.

The Company listed on AIM in April 2017 and is based in Newcastle, UK. For more information, visit: www.SkinBioTherapeutics.com.

 

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