Telix Pharmaceuticals Ltd Ordinary Shares

TLX: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Telix Pharmaceuticals Earnings: Shares Are Cheap on Solid Product Demand and Market Share Gains

Shane Ponraj

Feb 23, 2026

Telix's 2025 underlying EBITDA fell 34% to USD 40 million on solid 22% organic sales growth offset by significant strategic investment in R&D and manufacturing. Guidance for 2026 implies strong revenue growth of 19%, outpaced by R&D growth of 34% at the midpoints. Shares rallied 14%.

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Telix Pharmaceuticals Ltd Ordinary Shares

Telix Pharmaceuticals Earnings: Shares Are Cheap on Solid Product Demand and Market Share Gains

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