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

$4.400

-0.0%
Market Cap

$43.8M

P/E Ratio

14.2x

EPS

$0.310

Div. Yield

4.94%

52-Week Change

+0.0%

Latest Earnings

Third Age Health releases 2026 Annual Report

26 June 2026

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

Third Age Health Services (NZX: TAH) delivered strong FY26 results for the year ended 31 March 2026, with revenue growing 17.9% to NZD 22.5M and statutory NPAT rising 24.7% to NZD 3.1M. Underlying NPATA increased 25.9% to NZD 3.6M, driven primarily by the ARC Medical Services division which grew revenue 27%. The company declared full-year ordinary dividends of 16.00 cents per share, up 8.8%, though the Community GP division faces headwinds from declining enrolled patient numbers. Key points: Revenue grew 17.9% YoY to NZD 22.5M, with H2 accelerating to NZD 11.8M (+11.1% vs H1); Statutory NPAT up 24.7% to NZD 3.1M; Underlying NPATA (post-tax, pre-amortisation) up 25.9% to NZD 3.6M; Underlying EBIT margin expanded 1.1 percentage points to 23.5%, demonstrating operating leverage

Recent Announcements

21 Jul 2026 Guidance Neutral

Revised Date for Q1 FY27 Trading Update

Third Age Health Services Limited (NZX: TAH) has postponed the release of its Q1 FY27 Trading Update from Friday, 24 July 2026 to Friday, 31 July 2026.

9 Jul 2026 Neutral

Director nominations

Third Age Health Services Limited (NZX:TAH) has opened nominations for Director positions, with the nomination period closing on 24 July 2026 at 5:00pm NZ time. Only shareholders entitled to vote at the August 2026 Annual Shareholders' Meeting are eligible to submit nominations.

9 Jul 2026 Insider Neutral

D&O Ongoing Disclosure - John Fernandes

John Samuel Ronny Fernandes, Executive Chairman of Third Age Health Services Limited, acquired 22,500 ordinary shares on 6 July 2026 at $4.60 per share through JSRF Limited (off-market purchase from Bevan Walsh), increasing his shareholding from 229,407 to 251,907 shares.

8 Jul 2026 Insider Neutral

D&O Ongoing Disclosure - Bevan John Walsh

Bevan John Walsh, Director of Third Age Health Services Limited, sold 22,500 ordinary shares off-market to JSRF Limited on 6 July 2026 at $4.60 per share, reducing his holding from 2,523,086 to 2,500,586 shares (with the shares to be registered to JSRF Limited).

26 Jun 2026 Actual Results Positive

Third Age Health releases 2026 Annual Report

Third Age Health Services (NZX: TAH) delivered strong FY26 results for the year ended 31 March 2026, with revenue growing 17.9% to NZD 22.5M and statutory NPAT rising 24.7% to NZD 3.1M. Underlying NPATA increased 25.9% to NZD 3.6M, driven primarily by the ARC Medical Services division which grew revenue 27%. The company declared full-year ordinary dividends of 16.00 cents per share, up 8.8%, though the Community GP division faces headwinds from declining enrolled patient numbers. Key points: Revenue grew 17.9% YoY to NZD 22.5M, with H2 accelerating to NZD 11.8M (+11.1% vs H1); Statutory NPAT up 24.7% to NZD 3.1M; Underlying NPATA (post-tax, pre-amortisation) up 25.9% to NZD 3.6M; Underlying EBIT margin expanded 1.1 percentage points to 23.5%, demonstrating operating leverage

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.

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