Third Age Health Services Limited Ordinary Shares

TAH.NZX

Health Care

Third Age Health is a provider of primary care services to the aged residential care ("ARC") sector and, through Hawkes Bay Wellness Centre, the general population. Third Age Health provides these services by way of both physical attendances and offsite service provision. Third Age Health primarily generates revenue through its services under contracts for service with ARC providers, who pay fees to Third Age Health according to those contracts. Third Age Health also generates revenue when we enrol a patient into our practice, or when we provide services through our primary care medical centre. In order to generate revenue, Third Age Health must have two things: patients who want us to provide them services, and suitably qualified healthcare personnel willing to provide services to these patients.

Market Data

Price

$4.800

+0.0%
Market Cap

$47.8M

P/E Ratio

16.8x

EPS

$0.285

Div. Yield

4.69%

52-Week Change

+0.5%

Latest Earnings

Third Age Health Releases FY26 Preliminary Unaudited Result

29 May 2026

Revenue
$22.49
+17.9% YoY
NPAT
$3.63
+25.9% YoY
EPS
$0.28
Dividend
$0.16

Third Age Health (NZX:TAH) delivered a strong FY26 result for the year ended 31 March 2026, with group revenue up 17.9% to NZD $22.5M and statutory NPAT rising 24.7% to $3.09M. Underlying NPATA (Net Profit After Tax before Amortisation) grew 25.9% to $3.63M, with H2 underlying NPATA up 8.6% on H1, demonstrating positive second-half momentum. While the ARC Medical Services division performed strongly, the Community GP segment saw enrolled patient numbers decline 4.8% YoY, requiring leadership changes; outlook remains cautious given persistent workforce shortages. Key points: Group revenue grew 17.9% YoY to $22.49M, driven by 27.0% growth in the ARC Medical Services division to $14.92M; Underlying NPATA rose 25.9% YoY to $3.63M, with H2 underlying NPATA up 8.6% on H1, showing accelerating profitability; Statutory NPAT increased 24.7% YoY to $3.09M with EBIT margin expanding 1.1pp to 23.5%

Recent Announcements

29 May 2026 Actual Results Positive

Third Age Health Releases FY26 Preliminary Unaudited Result

Third Age Health (NZX:TAH) delivered a strong FY26 result for the year ended 31 March 2026, with group revenue up 17.9% to NZD $22.5M and statutory NPAT rising 24.7% to $3.09M. Underlying NPATA (Net Profit After Tax before Amortisation) grew 25.9% to $3.63M, with H2 underlying NPATA up 8.6% on H1, demonstrating positive second-half momentum. While the ARC Medical Services division performed strongly, the Community GP segment saw enrolled patient numbers decline 4.8% YoY, requiring leadership changes; outlook remains cautious given persistent workforce shortages. Key points: Group revenue grew 17.9% YoY to $22.49M, driven by 27.0% growth in the ARC Medical Services division to $14.92M; Underlying NPATA rose 25.9% YoY to $3.63M, with H2 underlying NPATA up 8.6% on H1, showing accelerating profitability; Statutory NPAT increased 24.7% YoY to $3.09M with EBIT margin expanding 1.1pp to 23.5%

15 May 2026 Insider Neutral

Amended Release - D&O Disclosure Bevan Walsh

Bevan John Walsh, Director of Third Age Health Services Limited, sold 2,615 ordinary shares on-market between 8-12 May 2026 at $5.05 per share, reducing his holding from 2,525,701 to 2,523,086 shares. The sales were conducted under a Fixed Trading Plan deed with prior written clearance dated 16 February 2026.

15 May 2026 Sph Neutral

SPH Notice - Bevan John Walsh

Bevan John Walsh disclosed a change in substantial holding.

8 May 2026 Insider Neutral

Ongoing Disclosure Notice - Bevan John Walsh

Bevan John Walsh, Director of Third Age Health Services Limited, sold 1,607 ordinary shares between 1-7 May 2026 at $5.05 per share, reducing his holding from 2,527,308 to 2,525,701 shares. The sales were conducted on-market during a closed trading period under an approved Fixed Trading Plan.

1 May 2026 Sph Neutral

SPH Notice - Michael Haskell & Associates Limited

Michael Haskell & Associates Limited disclosed a change in substantial holding.

1 May 2026 Sph Neutral

SPH Notice - Logan Investment Trust

Logan Investment Trust disclosed a change in substantial holding (10.046%).

1 May 2026 Insider Neutral

Ongoing Disclosure Notice - Bevan John Walsh

Bevan John Walsh, a director of Third Age Health Services Limited, sold 3,654 ordinary shares on-market between April 23-30, 2026 at $5.05 per share, reducing his holding from 2,530,962 to 2,527,308 shares. The sales were conducted under a Fixed Trading Plan deed approved on February 16, 2026, allowing transactions during a closed period.

25 Mar 2026 Insider Neutral

Ongoing Disclosure Notice - Bevan John Walsh

Bevan John Walsh, a Director of Third Age Health Services Limited, sold 328 ordinary shares on 19 March 2026 for $1,656.40 (at $5.05 per share) pursuant to a Fixed Trading Plan, reducing his holding from 2,531,290 to 2,530,962 shares. The sale occurred during a closed trading period with prior written clearance granted on 16 February 2026.

23 Feb 2026 Neutral

Establishment of Fixed Trading Plan by Bevan Walsh

Bevan Walsh, a director of Third Age Health Services Limited (NZX: TAH), has established a Fixed Trading Plan to sell up to 65,000 ordinary shares (maximum 0.66% of outstanding shares) between 27 February 2026 and 27 May 2026, with the plan executed by a broker and subject to a minimum floor price mechanism.

6 Feb 2026 Date Announcement Neutral

Half Year Results - 30 October 2026

Upcoming half year results expected 30 October 2026 (from NZX schedule)

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