Month: October 2025

Source: Resmed Inc

• Revenue increased by 9% to $1.3 billion; up 8% on a constant currency basis 
• Gross margin up 290 bps to 61.5%; non-GAAP gross margin up 280 bps to 62.0%
• Income from operations increased 15%; non-GAAP income from operations up 19%
• Diluted earnings per share of $2.37; non-GAAP diluted earnings per share of $2.55
• Operating cash flow of $457 million

Note: A webcast of Resmed’s conference call will be available at 4:30 p.m. ET today at http://investor.resmed.com

SAN DIEGO, Oct. 30, 2025 (GLOBE NEWSWIRE) — Resmed Inc. (NYSE: RMD, ASX: RMD) today announced results for its quarter ended September 30, 2025.

“Our fiscal year 2026 is off to a strong start, with first-quarter performance reflecting continued progress toward our mission of helping people sleep better, breathe better and live longer and healthier, with care provided in their own home,” said Resmed’s Chairman and CEO, Mick Farrell.

“We delivered 9% headline revenue growth year-over-year, with a very strong 280 basis points of non-GAAP gross margin expansion, resulting in double-digit bottom-line performance: 16% non-GAAP EPS growth. These results reinforce the success of our strategy to transform healthcare in the home with hardware, software and solutions that people love.

As we advance through fiscal year 2026, we remain committed to ongoing operational excellence and strategic investment in innovation, ultimately delivering strong, sustainable, profitable growth as we provide access to life-changing care for the billions of people worldwide who need our market-leading healthcare solutions delivered right where they live.”

Financial Results and Operating Metrics

Unaudited; $ in millions, except for per share amounts

	Three Months Ended
	September 30, 2025				September 30, 2024				% Change			Constant Currency(A)
Revenue	$	1,335.6			$	1,224.5			9	%		8	%
Gross margin		61.5	%			58.6	%		5
Non-GAAP gross margin(B)		62.0	%			59.2	%		5
Selling, general, and administrative expenses		259.2				239.0			8			7
Research and development expenses		87.3				79.5			10			10
Income from operations		446.5				387.3			15
Non-GAAP income from operations(B)		482.1				406.4			19
Net income		348.5				311.4			12
Non-GAAP net income(B)		374.9				325.4			15
Diluted earnings per share	$	2.37			$	2.11			12
Non-GAAP diluted earnings per share(B)	$	2.55			$	2.20			16

(A)	In order to provide a framework for assessing how our underlying businesses performed, excluding the effect of foreign currency fluctuations, we provide certain financial information on a “constant currency” basis, which is in addition to the actual financial information presented. In order to calculate our constant currency information, we translate the current period financial information using the foreign currency exchange rates that were in effect during the previous comparable period. However, constant currency measures should not be considered in isolation or as an alternative to U.S. dollar measures that reflect current period exchange rates, or to other financial measures calculated and presented in accordance with U.S. GAAP.
(B)	See the reconciliation of non-GAAP financial measures in the table at the end of the press release.

Discussion of First Quarter Results
All comparisons are to the prior year period unless otherwise noted

• Revenue grew by 8 percent on a constant currency basis, driven by increased demand for our portfolio of sleep devices, masks and accessories.
  • Revenue in the U.S., Canada, and Latin America, excluding Residential Care Software, grew by 10 percent.
  • Revenue in Europe, Asia, and other markets, excluding Residential Care Software, grew by 6 percent on a constant currency basis.
  • Residential Care Software revenue increased by 5 percent on a constant currency basis.
• Gross margin increased by 290 basis points primarily driven by manufacturing and logistics efficiencies and component cost improvements. Non-GAAP gross margin increased by 280 basis points due to the same factors.
• Selling, general, and administrative expenses increased by 7 percent on a constant currency basis. The increase in SG&A expenses was mainly due to additional expenses associated with our VirtuOx acquisition, employee costs as well as marketing and technology investments. SG&A expenses were 19.4 percent of revenue in the quarter, compared with 19.5 percent in the same period of the prior year.
• We recorded $16 million of restructuring-related charges following company-wide workforce planning activities aligned with our 2030 strategic priorities. Restructuring charges were comprised of employee severance and other one-time termination benefits.
• Income from operations increased by 15 percent and non-GAAP income from operations increased by 19 percent. 
• Net income for the quarter was $349 million and diluted earnings per share was $2.37. Non-GAAP net income increased by 15 percent to $375 million, and non-GAAP diluted earnings per share increased by 16 percent to $2.55, predominantly attributable to strong sales growth and gross margin improvement.
• Operating cash flow for the quarter was $457 million, compared to net income in the current quarter of $349 million and non-GAAP net income of $375 million.
• During the quarter, we paid $88 million in dividends to shareholders and repurchased 523,000 shares for consideration of $150 million as part of our ongoing capital management.

Other Business and Operational Highlights

• Announced publication of a landmark study in The Lancet Respiratory Medicine projecting ~77 million U.S. adults with OSA by 2050 (~35% relative increase vs. 2020), underscoring the need for earlier diagnosis and scalable care pathways.
• Received dual Red Dot Product Design 2025 awards for the AirTouch N30i (Innovative Products; Medical Design & Healthcare), reinforcing patient-centered innovation and adherence-focused design.
• Launched the Sleep Institute, a global clinical insights initiative debuting at World Sleep Congress 2025 to publish independent research and inform policy and care model innovation that elevates sleep health as a public health priority.
• Announced the election of Nicole Mowad-Nassar to Resmed’s board (effective August 15, 2025) and the upcoming retirement of Rich Sulpizio (not standing for reelection at the November 19, 2025 Annual Meeting).

Dividend program
The Resmed board of directors today declared a quarterly cash dividend of $0.60 per share. The dividend will have a record date of November 13, 2025, payable on December 18, 2025. The dividend will be paid in U.S. currency to holders of Resmed’s common stock trading on the New York Stock Exchange. Holders of CHESS Depositary Interests (“CDIs”) trading on the Australian Securities Exchange will receive an equivalent amount in Australian currency, based on the exchange rate on the record date, and reflecting the 10:1 ratio between CDIs and NYSE shares. The ex-dividend date will be November 12, 2025, for common stockholders and for CDI holders. Resmed has received a waiver from the ASX’s settlement operating rules, which will allow Resmed to defer processing conversions between its common stock and CDI registers from November 12, 2025, through November 13, 2025, inclusive. 

Webcast details
Resmed will discuss its first quarter fiscal year 2026 results on its webcast at 1:30 p.m. U.S. Pacific Time today. The live webcast of the call can be accessed on Resmed’s Investor Relations website at investor.resmed.com. Please go to this section of the website and click on the icon for the “Q1 2026 Earnings Webcast” to register and listen to the live webcast. A replay of the earnings webcast will be accessible on the website and available approximately two hours after the live webcast. In addition, a telephone replay of the conference call will be available approximately three hours after the webcast by dialing +1 877-660-6853 (U.S.) or +1 201-612-7415 (outside U.S.) and entering the passcode 13756529. The telephone replay will be available until November 13, 2025.

About Resmed
Resmed (NYSE: RMD, ASX: RMD) creates life-changing health technologies that people love. We’re relentlessly committed to pioneering innovative technology to empower millions of people in 140 countries to live happier, healthier lives. Our AI-powered digital health solutions, cloud-connected devices and intelligent software make home healthcare more personalized, accessible and effective. Ultimately, Resmed envisions a world where every person can achieve their full potential through better sleep and breathing, with care delivered in their own home. Learn more about how we’re redefining sleep health at Resmed.com and follow @Resmed.

Safe harbor statement
Statements contained in this release that are not historical facts are “forward-looking” statements as contemplated by the Private Securities Litigation Reform Act of 1995. These forward-looking statements – including statements regarding Resmed’s projections of future revenue or earnings, expenses, new product development, new product launches, new markets for its products, the integration of acquisitions, our supply chain, domestic and international regulatory developments, litigation, tax outlook, and the expected impact of macroeconomic conditions of our business – are subject to risks and uncertainties, which could cause actual results to materially differ from those projected or implied in the forward-looking statements. Additional risks and uncertainties are discussed in Resmed’s periodic reports on file with the U.S. Securities & Exchange Commission. Resmed does not undertake to update its forward-looking statements.

Condensed Consolidated Statements of Operations
(Unaudited; $ in thousands, except for per share amounts)

	Three Months Ended
	September 30, 2025				September 30, 2024
Net revenue	$	1,335,582			$	1,224,509
Cost of sales		506,941				499,620
Amortization of acquired intangibles(1)		7,821				7,670
Total cost of sales	$	514,762			$	507,290
Gross profit	$	820,820			$	717,219
Selling, general, and administrative		259,194				238,979
Research and development		87,323				79,524
Amortization of acquired intangibles(1)		11,956				11,404
Restructuring expenses(1)		15,810				—
Total operating expenses	$	374,283			$	329,907
Income from operations	$	446,537			$	387,312
Other income (expenses), net:
Interest (expense) income, net	$	8,793			$	(1,661	)
Gain (loss) attributable to equity method investments		1,489				963
Gain (loss) on equity investments		(6,190	)			(680	)
Other, net		(3,836	)			(2,437	)
Total other income (expenses), net		256				(3,815	)
Income before income taxes	$	446,793			$	383,497
Income taxes		98,257				72,142
Net income	$	348,536			$	311,355
Basic earnings per share	$	2.38			$	2.12
Diluted earnings per share	$	2.37			$	2.11
Non-GAAP diluted earnings per share(1)	$	2.55			$	2.20
Basic shares outstanding		146,182				146,861
Diluted shares outstanding		146,899				147,599

(1) See the reconciliation of non-GAAP financial measures in the table at the end of the press release.

Condensed Consolidated Balance Sheets
(Unaudited; $ in thousands)

	September 30, 2025				June 30, 2025
Assets
Current assets:
Cash and cash equivalents	$	1,383,848			$	1,209,450
Accounts receivable, net		907,271				939,492
Inventories		945,806				927,711
Prepayments and other current assets		388,811				428,952
Total current assets	$	3,625,736			$	3,505,605
Non-current assets:
Property, plant, and equipment, net	$	563,629			$	550,790
Operating lease right-of-use assets		162,007				167,497
Goodwill and other intangibles, net		3,491,190				3,511,541
Deferred income taxes and other non-current assets		465,790				438,958
Total non-current assets	$	4,682,616			$	4,668,786
Total assets	$	8,308,352			$	8,174,391
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	266,775			$	278,157
Accrued expenses		395,833				402,253
Operating lease liabilities, current		29,975				30,506
Deferred revenue		167,777				166,030
Income taxes payable		135,243				132,274
Short-term debt		259,899				9,900
Total current liabilities	$	1,255,502			$	1,019,120
Non-current liabilities:
Deferred revenue	$	159,356			$	156,803
Deferred income taxes		77,571				77,682
Operating lease liabilities, non-current		147,817				153,015
Other long-term liabilities		138,181				141,520
Long-term debt		408,661				658,392
Total non-current liabilities	$	931,586			$	1,187,412
Total liabilities	$	2,187,088			$	2,206,532
Stockholders’ equity
Common stock	$	762			$	761
Additional paid-in capital		2,062,244				2,033,599
Retained earnings		6,342,276				6,081,490
Treasury stock		(2,223,302	)			(2,073,292	)
Accumulated other comprehensive income		(60,716	)			(74,699	)
Total stockholders’ equity	$	6,121,264			$	5,967,859
Total liabilities and stockholders’ equity	$	8,308,352			$	8,174,391

Condensed Consolidated Statements of Cash Flows
(Unaudited; $ in thousands)

	Three Months Ended
	September 30, 2025				September 30, 2024
Cash flows from operating activities:
Net income	$	348,536			$	311,355
Adjustment to reconcile net income to cash provided by operating activities:
Depreciation and amortization		47,698				44,730
Amortization of right-of-use assets		9,971				8,980
Stock-based compensation costs		21,160				20,156
(Gain) loss attributable to equity method investments, net of dividends received		(1,489	)			(963	)
(Gain) loss on equity investments		6,190				680
Changes in operating assets and liabilities:
Accounts receivable, net		29,970				36,417
Inventories, net		(14,663	)			(70,254	)
Prepaid expenses, net deferred income taxes and other current assets		2,312				(123	)
Accounts payable, accrued expenses, income taxes payable and other		7,636				(25,440	)
Net cash provided by (used in) operating activities	$	457,321			$	325,538
Cash flows from investing activities:
Purchases of property, plant, and equipment		(42,965	)			(17,840	)
Patent registration and acquisition costs		(2,814	)			(1,767	)
Business acquisitions, net of cash acquired		(522	)			—
Purchases of investments		(2,173	)			(1,350	)
Proceeds from exits of investments		—				4,128
Proceeds (payments) on maturity of foreign currency contracts		(4,104	)			18,975
Net cash provided by (used in) investing activities	$	(52,578	)		$	2,146
Cash flows from financing activities:
Proceeds from issuance of common stock, net		8,205				8,383
Purchases of treasury stock		(150,010	)			(50,005	)
Taxes paid related to net share settlement of equity awards		(719	)			(389	)
Payments of business combination contingent consideration		—				(855	)
Repayment of borrowings		—				(30,000	)
Dividends paid		(87,750	)			(77,891	)
Net cash provided by (used in) financing activities	$	(230,274	)		$	(150,757	)
Effect of exchange rate changes on cash	$	(71	)		$	11,073
Net increase (decrease) in cash and cash equivalents		174,398				188,000
Cash and cash equivalents at beginning of period		1,209,450				238,361
Cash and cash equivalents at end of period	$	1,383,848			$	426,361

Reconciliation of Non-GAAP Financial Measures
(Unaudited; $ in thousands, except for per share amounts)

The measures “non-GAAP gross profit” and “non-GAAP gross margin” exclude amortization expense from acquired intangibles and are reconciled below:

	Three Months Ended
	September 30, 2025				September 30, 2024
Revenue	$	1,335,582			$	1,224,509
GAAP cost of sales	$	514,762			$	507,290
Less:Amortization of acquired intangibles(A)		(7,821	)			(7,670	)
Non-GAAP cost of sales	$	506,941			$	499,620
GAAP gross profit	$	820,820			$	717,219
GAAP gross margin		61.5	%			58.6	%
Non-GAAP gross profit	$	828,641			$	724,889
Non-GAAP gross margin		62.0	%			59.2	%

The measure “non-GAAP income from operations” is reconciled with GAAP income from operations below:

	Three Months Ended
	September 30, 2025			September 30, 2024
GAAP income from operations	$	446,537		$	387,312
Amortization of acquired intangibles—cost of sales(A)		7,821			7,670
Amortization of acquired intangibles—operating expenses(A)		11,956			11,404
Restructuring(A)		15,810			—
Non-GAAP income from operations	$	482,124		$	406,386

Reconciliation of Non-GAAP Financial Measures
(Unaudited; $ in thousands, except for per share amounts)

The measures “non-GAAP net income” and “non-GAAP diluted earnings per share” are reconciled with GAAP net income and GAAP diluted earnings per share in the table below:

	Three Months Ended
	September 30, 2025				September 30, 2024
GAAP net income	$	348,536			$	311,355
Amortization of acquired intangibles—cost of sales(A)		7,821				7,670
Amortization of acquired intangibles—operating expenses(A)		11,956				11,404
Restructuring expenses(A)		15,810				—
Income tax effect on non-GAAP adjustments(A)		(9,248	)			(5,071	)
Non-GAAP net income(A)	$	374,875			$	325,358
GAAP diluted shares outstanding		146,899				147,599
GAAP diluted earnings per share	$	2.37			$	2.11
Non-GAAP diluted earnings per share(A)	$	2.55			$	2.20

(A)	Resmed adjusts for the impact of the amortization of acquired intangibles and restructuring expenses from their evaluation of ongoing operations, and believes that investors benefit from adjusting these items to facilitate a more meaningful evaluation of current operating performance.
	Resmed believes that non-GAAP diluted earnings per share is an additional measure of performance that investors can use to compare operating results between reporting periods. Resmed uses non-GAAP information internally in planning, forecasting, and evaluating the results of operations in the current period and in comparing it to past periods. Resmed believes this information provides investors better insight when evaluating Resmed’s performance from core operations and provides consistent financial reporting. The use of non-GAAP measures is intended to supplement, and not to replace, the presentation of net income and other GAAP measures. Like all non-GAAP measures, non-GAAP earnings are subject to inherent limitations because they do not include all the expenses that must be included under GAAP.

Revenue by Product and Region
(Unaudited; $ in millions, except for per share amounts)

	Three Months Ended
	September 30, 2025		(A)	September 30, 2024		(A)	% Change			Constant Currency(B)
U.S., Canada, and Latin America
Devices	$	413.4		$	384.5		8	%
Masks and other		361.3			322.8		12
Total U.S., Canada and Latin America	$	774.8		$	707.3		10
Combined Europe, Asia, and other markets
Devices	$	266.9		$	241.3		11	%		7	%
Masks and other		127.8			119.2		7			4
Total Combined Europe, Asia and other markets	$	394.7		$	360.4		10			6
Global revenue
Total Devices	$	680.3		$	625.8		9	%		7	%
Total Masks and other		489.1			442.0		11			10
Total Sleep and Breathing Health	$	1,169.4		$	1,067.7		10			8
Residential Care Software		166.1			156.8		6			5
Total	$	1,335.6		$	1,224.5		9			8

(A)	Totals and subtotals may not add due to rounding.
(B)	In order to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency fluctuations, we provide certain financial information on a “constant currency basis,” which is in addition to the actual financial information presented. In order to calculate our constant currency information, we translate the current period financial information using the foreign currency exchange rates that were in effect during the previous comparable period. However, constant currency measures should not be considered in isolation or as an alternative to U.S. dollar measures that reflect current period exchange rates, or to other financial measures calculated and presented in accordance with U.S. GAAP.

For investors	For media
+1 858-221-3304	+1 619-510-1281
investorrelations@resmed.com	news@resmed.com

Source: Resmed, Inc.

Released October 30, 2025

Source: Australia Government Statements – Agriculture

30 October 2025

Who does this notice affect?

All importers of plants, cats and/or dogs who will be required to use the Post Entry Biosecurity System during this planned maintenance period.

Information

Due to scheduled system maintenance, the Post Entry Biosecurity System (PEBS) will be unavailable from 23:00 Monday 03 November to 01:00 Tuesday 04 November 2025 (AEDT).

Action

Clients are advised to await the completion of this maintenance period…

Source: Australia Government Statements – Agriculture

30 October 2025

Who does this notice affect?

Approved arrangements operators who will be required to view and/or update details of their Approved Arrangement via the Approved Arrangement Management Product (AAMP).

All clients required to use Department of Agriculture, Fisheries and Forestry web-based applications during this planned maintenance period.

All users of the Seasonal Pests (SeaPest) system.

All clients submitting the below declarations:

• …

Source: Government of Western Australia

Ishar’s nutritionist, Ms Atefeh Rashnavadi, has seen the many hidden challenges to healthy eating that new arrivals face while adapting to life in a new country.

“Financial hardship, language barriers, trauma and food insecurity all make it harder for them to access and afford nutritious foods that also fit their cultural needs,” she said.

“This can force them to make unhealthy choices, because most of the time, those foods are cheaper and readily available. This can lead to nutritional deficiencies, delayed growth and development in children, and limit the ability of adults to work, study or care for others.

“This creates a cycle of poor health, stress, and social isolation that is difficult to break.”

With Healthway’s support, Ishar has focused on education first – with 113 community nutrition education sessions delivered over three years by staff from Ishar and the Child and Adolescent Health Service – Refugee Health.

Source: South Australia Police

About 1.20pm on Tuesday 28 October, the 79-year-old victim was assaulted in an alleged unprovoked attack on Boronia Crescent, Elizabeth Vale.

The victim was knocked to the ground and taken to hospital by ambulance for treatment.

His family last saw his mobility scooter parked by the side of the road in Boronia Crescent about 11pm that night.  It was subsequently stolen sometime overnight.

Anyone who witnessed the theft or has any dashcam or CCTV footage of the scooter or knows of its whereabouts is asked to contact Crime Stoppers on 1800 333 000 or online at www.crimestopperssa.com.au

A 39-year-old Elizabeth Vale man has been arrested and charged with aggravated assault.

279110

Source: Northern Territory Police and Fire Services

A 36-year-old male has been arrested in relation to a vehicle that was stolen from a residence in Alice Springs overnight.

Between 11pm and midnight, an aggravated burglary occurred at a unit at a residential complex on Gap Road. The sole occupant of the unit, a 70-year-old male, was asleep at the time of the burglary which resulted in his vehicle being stolen.

At 12:10am, police conducting proactive patrols sighted the vehicle in Bloomfield Street in Gillen, with the offender attempting to flee when approached. He was apprehended and arrested after a short foot pursuit. Subsequent investigations confirmed the vehicle was stolen and the victim was notified.

The 36-year-old has since been charged with:

• Drive Motor Vehicle While Unlicensed
• Theft
• Drive High Range
• Drive Unregistered Motor Vehicle
• Driving / Using a Motor Vehicle without Consent
• Drive Uninsured Motor Vehicle

He was remanded to appear in court tomorrow.

Acting Superintendent Terry Simpson said, “This was excellent police work by our members that highlights the effectiveness of targeted proactive patrols in our community.

“Investigations are ongoing and anyone with information, including those with CCTV or dashcam footage, is urged to make a report to police on 131 444.”

Anonymous reports can be made through Crime Stoppers on 1800 333 000 or via https://crimestoppersnt.com.au/.

Source: Mental Health Australia

Up to 10,000 riders are expected to take part in the MS Gong Ride from Sydney to Wollongong to raise funds for people living with multiple sclerosis this Sunday, 2 November 2025.

Now in its 44th year, the Gong Ride is one of Australia’s most celebrated charity cycling events, drawing participants from across the state and beyond. Riders will depart from Tempe or Engadine and make their way through the scenic Royal National Park, finishing at Thomas Dalton Park in Fairy Meadow.

Key roads will be closed at the start and finish areas and along parts of the course through the Royal National Park, as well as lane closures along the Princes Highway from 5am to 11am between Sutherland and Waterfall. Delays are expected travelling southbound on the Princes Highway during this time. Princes Highway will be under 60km/h speed restrictions in some sections between Sutherland and Waterfall. Riders will continue down towards Wollongong via Lawrence Hargrave Drive and along the Sea Cliff Bridge sharing roads with motorists.  

Transport for NSW Executive Director Operations Planning Grant Knoetze said riders and volunteers should plan ahead to get to the 80km ride starting from Tempe Recreational Park at 6am, and the 53km ride will start from Preston Park, Engadine at 8am. 

“We encourage riders to enjoy active transport safely, follow event marshals’ instructions and wear appropriate safety gear. Drivers should follow the road rules including reduced speed limits for the event and be patient and cautious around cyclists who will be sharing roads along parts of the course” Mr Knoetze said. 

Riders are reminded that from Saturday 1 November, converted e-bikes, regular pedal bikes that have been fitted with batteries and motors, are not permitted on Sydney Trains, NSW TrainLink, or Metro services. Travelling with a restricted converted e-bike on board may result in a $400 penalty notice and a maximum fine of $1,100.

Additional early morning trains will run to Tempe and Engadine, as well as additional special event train services running from Fairy Meadow back towards Sydney to help participants with their bikes get home from the event. 

Planned weekend trackwork is taking place across parts of the rail network including between Strathfield and Central (express trains continue to run), the City Circle and the entire Metro line. Trains will continue to run express between Strathfield and Central. Buses will replace metro services between Tallawong and Chatswood. Catch trains to travel between Chatswood and the city. Use light rail services to travel through the Sydney CBD.

Due to road closures, some buses will be diverting from their regular routes and using different stops along the event course.  

“If you have a car or any vehicle parked in special event clearways along sections of the course, please move them on Saturday night as these clearways start very early on Sunday morning.”

Bikes are not permitted on buses including rail replacement buses, so please use trains to travel home from Fairy Meadow.

For more details on public transport changes during the event, including trip planning and travel alerts, visit MS Gong Ride 2025 | transportnsw.info or use the Opal Travel app or other trip planning apps.

For real-time updates on traffic conditions, including road closures and special event clearways, visit Live Traffic NSW. 

Source: Government of Australia Capital Territory

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Source: Australian Executive Government Ministers

The Australian Government plans to change the Health Insurance Act to improve the Bonded Medical Program and is seeking feedback on related Rule changes. You can share your views by completing the questionnaire by 11:59 pm (AEDT) on Monday, 10 November 2025.

Source: Australian Executive Government Ministers

We want to hear from Support at Home providers to help design a pooled funding trial, starting in 2026. Register interest by 5pm (AEDT) 5 November 2025 for the opportunity to participate in an online workshop or give written feedback.