Pharming Group's Remarkable Growth During First Quarter 2025

Author: Caleb Price Updated: 05-08-2025 01:18 AM

Pharming Group's Financial Results for 2025

Pharming Group N.V. (Euronext Amsterdam: PHARM / Nasdaq: PHAR) recently released its preliminary unaudited financial report for the first quarter of 2025, showcasing impressive financial growth. The company reported total revenues soaring by 42% to US$79.1 million compared to the same period in the previous year. This growth can largely be attributed to the expanding market for its flagship product, RUCONEST®.

Strong Performance of RUCONEST®

During the first quarter of 2025, Pharming saw RUCONEST® revenues leap by an impressive 49%, reaching US$68.6 million. This significant increase speaks volumes about the product's continued viability and demand in the on-demand Hereditary Angioedema (HAE) market. The U.S. market remains the largest contributor to these revenues, generating 97% of RUCONEST®'s sales.

Joenja® Volume and Revenue Growth

The company’s other product, Joenja® (leniolisib), also reported positive results. With an 18% increase in volume, Joenja®'s revenues rose to US$10.5 million, marking a 9% increase from the previous year. Such growth displays a robust and accelerating patient uptake, which Pharming anticipates will be bolstered further as pediatric reclassifications unfold.

Operational Profit and Strategic Developments

Pharming’s operational profit turned around considerably to reach US$0.8 million when adjusted for non-recurring expenses related to the Abliva acquisition, compared to a US$16.3 million loss in Q1 2024. This marks a notable improvement in the company's financial health and operational efficiency.

Acquisition and Continued Innovation

The acquisition of Abliva AB was completed during the quarter, further propelling Pharming's expansion. The pivotal FALCON clinical trial for its product KL1333 in mitochondrial diseases is now progressing into its next recruitment phase, which highlights Pharming's commitment to advancing its innovative pipeline.

Updated Revenue Guidance and Future Outlook

Given the strong financial results and positive market position, Pharming has raised its total revenue guidance for 2025 to between US$325 million and US$340 million. The future looks bright as Pharming continues to forge ahead with its strategic initiatives and product developments.

Leadership Changes

In a significant leadership update, Pharming announced that Jeroen Wakkerman will step down as Chief Financial Officer by the end of the month to explore new opportunities. A search for his successor is currently underway, demonstrating the company's commitment to maintaining strong financial governance during this growth phase.

Upcoming Conference Call

Pharming will host a conference call to discuss these financial results and provide additional insights. This call is set for today at 13:30 CEST (7:30 AM EDT) and will serve as a platform to engage with investors and stakeholders about the company’s future plans and prospects.

Frequently Asked Questions

What are the financial highlights of Pharming for Q1 2025?

Pharming reported total revenues of US$79.1 million, a 42% increase compared to Q1 2024.

How did RUCONEST® perform in the market?

RUCONEST® revenues increased by 49% to US$68.6 million due to strong demand in the U.S. market.

What is the revenue forecast for Pharming in 2025?

The company expects total revenues to be between US$325 million and US$340 million for the year.

What significant leadership change occurred at Pharming?

Jeroen Wakkerman, the Chief Financial Officer, will be leaving the company at the end of the month.

When is the conference call scheduled?

The conference call is scheduled for today at 13:30 CEST (7:30 AM EDT).

About The Author

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