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    Barclay Pearce Capital
    • Jun 30, 2026
    • 1 min read
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    ABSI - SomnoMed Limited (ASX:SOM): Fallen Angel, New Wings

     

    Originally listed in 2004, SomnoMed (ASX:SOM) was once a rising name on the ASX. Although the company has endured a challenging period, it has regained momentum with new management implementing a strategic shift in the business that has strengthened both its financial performance and core operations.
     
    We believe this has created a runway for the company to deliver sustained growth moving forward.

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    Investor Highlights

    • Proven business with proprietary solutions – First company worldwide to provide clinically proven medical oral appliance therapy to over 1 million patients in over 20 countries globally.

    • Turnaround in progress – Consistent double-digit revenue growth (across quarterly, annual periods over pcp) and across all global jurisdictions. New management has returned the company to cash flow positive status.

    • 22% Revenue Growth YoY in FY25 to $111.5m, exceeding market guidance range of a $7m-$9m increase.

    • FY25 losses of -$0.58m, strong improvement from FY24 losses of -$13m. FY24 diluted EPS of -$0.10, improving to -$0.016 in FY25 following a pivot in operational strategy.

    • Continued penetration into global markets - Products launched further into EU territories, including national tender wins in the Nordics and the U.K. Increases in manufacturing capacity by at least 25%, set for launch in FY26 which will increase SOM’s ability to scale effectively.
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    Barclay Pearce Capital Management Pty Ltd ACN 619 189 847 | AFSL: 503261

    Barclay Pearce Capital Asset Management | ACN: 661 805 250 | CAR: 1302665

    Barclay Pearce Capital | ACN: 671 103 254

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    This website is operated by Barclay Pearce Capital Pty Ltd (ACN: 671 103 254).

    General Advice Warning: Any advice on this website is general only and does not consider your objectives, financial situation or needs. Consider appropriateness before acting. Obtain the relevant PDS before acquiring any financial product. Barclay Pearce Capital and its Associates may hold interests in securities referred to and may earn brokerage or other benefits from related transactions. Information is believed reliable but no warranty is given as to accuracy or completeness. To the maximum extent permitted by law, Barclay Pearce Capital disclaims all liability for loss arising from reliance on this website. We do not sell your personal information. AFCA Member. Complaints: www.afca.org.au | 1800 931 678. © 2026 Barclay Pearce Capital Asset Management Pty Ltd. 

     

    Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.

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    Barclay Pearce - The right people with the right solutions make for brilliant results.

    Privacy Statement
    Financial Services Guide 
    Research Policy
    Complaints Management Policy
    Scam Alert

     

    Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.

    BPC Sydney Office
    Level 17, 115 Pitt Street
    Sydney NSW 2000 Australia
    Tel: +61 2 8288 6900

    BPC Melbourne Office
    Level 26, 360 Collins Street
    Melbourne VIC 3000 Australia

    BPC Brisbane
    Level 19, 10 Eagle Street
    Brisbane QLD 4000 Australia
    Tel: +61 7 3303 0202

    BPC London Office
    48-49 Chancery Lane,
    London WC2A 1JF, United Kingdom

    Email : info@barclaypearce.com

     

    Barclay Pearce - The right people with the right solutions make for brilliant results.

    Privacy Statement
    Financial Services Guide 
    Research Policy
    Complaints Management Policy
    Scam Alert

     

    Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.