Annual Shareholder Meeting

During our Annual Shareholders’ Meeting, held as a hybrid meeting on Wednesday the 12th of August, shareholders voted on four resolutions, all of which were unanimously supported by the Board and passed by poll, as required by NZX Listing Rule 6.1.1. Shareholders authorised the Directors to fix the remuneration of Baker Tilly Staples Rodway as auditor for the ensuing financial year, and re-elected Directors Mary Gardiner, Hamish Stevens and Thomas Wilson, each of whom retired by rotation under NZX Listing Rule 2.7 and stood for re-election.

 

Investor Presentation

In the Investor Session, Radius Care outlined plans to build on its strong operating performance through accelerating expansion of its aged-care portfolio, growth in the services and products that support people as they age, and continued discipline in capital management.

 

Radius Health

Central to this strategy was the announcement of Radius Health, which will provide the framework for the wider Radius group. Radius Care will remain focused on delivering trusted, high-quality residential care, while Radius Health brings together the supporting services, products and technology being developed around it (including home support, Luma, Radius Shop and Cibus Catering).

Founder and Executive Chair Brien Cree said Radius Health is the next step in the purpose that led him to establish Radius Care in 2003: “Radius Care began with a very personal understanding of how hard it can be for families to navigate aged care, and a desire to improve their experience. Now, 23 years later, Radius Health is our commitment to making the wider experience simpler and more connected, while keeping people and the quality of their care at the centre.”

Chief Executive Officer Andrew Peskett added that Radius Health will help the group extend its reach while strengthening its core care delivery: “Radius Care will continue to deliver the care people know us for, while Radius Health provides the platform that connects and grows our supporting services.”

 

Growth Strategy

Other key items presented during the Investor Session included Radius Care’s strong operating foundation, a disciplined capital management approach that maintains financial resilience while supporting growth investment and continued growth in fully imputed dividends, and expansion that will more than double existing aged-care capacity over the next ten years, primarily through new care homes developed with the support of private property investors. A nine-month buyback will also apply for Occupation Right Agreements in Radius Care’s retirement villages, with Andrew Peskett commenting, “in keeping with our core purpose of care, this important initiative will provide greater certainty for residents and their families.”

 

Occupancy and FY27 Update

Current occupancy is 96.7%, compared with 95.6% on 12 August 2025, with 1,923 occupied beds (compared with 1,814 on 12 August 2025). Radius Care reiterated that it expects continued underlying growth in key financial metrics in FY27, boosted by the addition of Karori’s 90 beds to the portfolio from 27 May 2026.

 

Thanks to everyone who joined us in person or online. The Investor Session presentation is available through the Investor Centre on the Radius Health website.