In Business

Follow this topic

Bookmark

Record learning outcomes

The National Pharmacy Association has posted a £2.14m profit for the 12 months to December 31, almost double the £1.08m profit it achieved in 2024.

Published in August, the trade body’s annual accounts reveal its association revenue rose by five per cent, with directors commenting that the organisation “continued to be successful in recruiting new members through continued media presence and active representation on behalf of members, resulting in increased membership revenue of £79,000”.

In addition, the NPA’s role as an ‘affinity group’ recruiter for clinical services platform PharmOutcomes generated £400,000 in 2025.

Income from training courses fell by £86,000, while revenue from pharma companies fell by £83,000 compared to 2024.

NPA Insurance Limited, which forms part of the group, saw revenue rise by 15 per cent. Its Peach brand, which works with customers outside the pharmacy sector, is “now a significant source of profit” and helps the trade body to invest more money in member services, said the organisation.

Overall NPA group revenue rose by 13 per cent to £21.8m, while the cost of sales rose by 10 per cent to £10.4m.

The NPA said: “These two years of profit come after a period of losses and investment since 2018 and allows the group to invest in member services which add value beyond that covered by membership income and strengthen its balance sheet in the face of global investment instability.

“The group’s financial policy is to provide services to members which support their pharmacy practice and business bottom line as cost-efficiently as possible through membership and supporting commercial operations whilst at the same time maintaining adequate reserves for contingencies and future operations.”

In a separate set of accounts, NPA Insurance said its year-on-year rise in pre-tax profits (from £2.3m to £3.7m) was driven by a number of factors, including a “favourable claims environment” characterised by the absence of “material weather event” and “large losses” as well as “increased underwriting discipline.”

“In addition, the business continued to remunerate its parent at a reduced level of commission, which has contributed to profitability,” the NPA Insurance report added.