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AAP
AAP

FED:Kiwi firm's sheep-derived healing products sales soar

ASX Aroa

Sales of a high-tech wrap derived from sheep guts that assists in human healing is behind solid traction and profits in the United States for an ASX-listed Kiwi company.

Aroa Biosurgery made $NZ103.9 million ($84.9 million) in revenue in the year ended March 31, up 23 per cent from 2024/25, the company announced on Tuesday.

Its gross profit rose 23 per cent to $NZ88.8 million ($72.5 million) and Aroa posted normalised earnings of $NZ11 million ($9 million), beating guidance of $5 million to $8 million, in what the company called a "breakout year".

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