Summerset Group Holdings
SNZ.ASXHealth Care
Operator and developer of retirement villages and aged care facilities in New Zealand and Australia.
Market Data
$6.300
-0.1%$1.5B
7.4x
$1.079
2.84%
-0.3%
Latest Earnings
Financial Results for the Year Ended 31 December 2025
27 February 2026
Summerset Group Holdings delivered record underlying profit of NZ$234.2m (up 13% YoY) for FY25, driven by strong sales performance with 1,560 homes sold—the highest new sales year to date—and successful expansion into Australia. IFRS net profit declined 22% to NZ$259.7m due to portfolio revaluations reflecting lower median house prices, though total assets grew 15% to NZ$9.2b and NTA per share increased to NZ$13.75. Key points: Record underlying profit of NZ$234.2m, up 13% YoY, demonstrating strong operational execution; Highest new sales year to date with 1,560 total sales (805 new, 755 resales), up 26% YoY—achieved despite subdued NZ property market; Care EBITDA surged to NZ$18.8m from NZ$2.7m YoY, driven by adoption of Care Occupation Right Agreements (ORAs)
Recent Announcements
SPH Notice - New Zealand Superannuation Fund Nominees Ltd
New Zealand Superannuation Fund Nominees Ltd changed substantial holding from 4.976% to 5.000%.
Financial Results for the Year Ended 31 December 2025
Summerset Group Holdings delivered record underlying profit of NZ$234.2m (up 13% YoY) for FY25, driven by strong sales performance with 1,560 homes sold—the highest new sales year to date—and successful expansion into Australia. IFRS net profit declined 22% to NZ$259.7m due to portfolio revaluations reflecting lower median house prices, though total assets grew 15% to NZ$9.2b and NTA per share increased to NZ$13.75. Key points: Record underlying profit of NZ$234.2m, up 13% YoY, demonstrating strong operational execution; Highest new sales year to date with 1,560 total sales (805 new, 755 resales), up 26% YoY—achieved despite subdued NZ property market; Care EBITDA surged to NZ$18.8m from NZ$2.7m YoY, driven by adoption of Care Occupation Right Agreements (ORAs)
Earnings Release - 27 February 2026
Upcoming earnings release expected 27 February 2026 (from Yahoo Finance (confirmed))
Financial Results for the Half Year Ended 30 June 2025
Summerset Group delivered strong half-year results with underlying profit up 19% to NZ$106.6M and reported IFRS net profit up 26% to NZ$127.2M, driven by record sales of 692 occupation rights (up 18% on 1H24) and improved operational efficiency including a 96% increase in Care EBITDA. The company is maintaining excellent resident satisfaction at 97%, generating strong operating cash flow of NZ$228.7M, and remains well-positioned for growth with gearing at 36.7% and a healthy development margin of 29.4%. Key points: Record first half sales of 692 occupation rights (354 new sales up 22% on 1H24, 338 resales up 13.4% on 1H24) with strong contracted stock position improving to 39% (excl. St Johns and Boulcott); Underlying profit up 19% to NZ$106.6M with IFRS net profit up 26% to NZ$127.2M; strong operating cash flow of NZ$228.7M (up 19% on 1H24); Care EBITDA surged 96% to NZ$5.3M on back of successful Care ORA strategy with 200+ units sold or under contract and 750+ care units identified for ORA conversion
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