New Zealand's Promisia Healthcare HY profit swings positive; raises 2027 outlook

Promisia Healthcare

10/11/2026 19:41

Overview
New Zealand aged care operator's HY27 revenue rose 14% yr/yr, net profit returned to black
Company declared first interim dividend and improved operating free cash flow
Chatswood Retirement Village acquisition completed, to contribute to second-half earnings

Outlook
Promisia raises FY27 underlying EBITDAF guidance to at least NZ$9 mln from at least NZ$8 mln
Targets accelerated Golden View Village ownership completion in early March 2027, subject to financing

Result Drivers
HIGH OCCUPANCY - Co said group care occupancy remained above 95% throughout the half, averaging about 96% in September
COST CONTROL - Co said it maintained control of costs, supporting stronger earnings and cash flow

Company press release: ID:nNZS87wa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Operating Revenue
 
NZ$21.80 mln
 
H1 Net Income After Tax
 
NZ$1.32 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)