Radius Health’s half-year results mark a period in which plans became projects: a first Wellington care home joined the group, construction began at Applefields in Christchurch, and more care homes achieved the maximum four-year audit certification period.

For the six months ended 30 September 2026, net profit after tax rose 27% to $8.0 million. The Board declared a fully imputed interim cash dividend of 1.1 cents per share, up 10%, payable on 10 December 2026.

The result reflects the strength of Radius Health’s core business, which provides the foundation for the group’s expansion into a broader range of health services and products.

 

The People behind the Performance

Across Radius Health’s network, occupancy averaged 95.1%. An improved care mix and disciplined cost management supported performance.

Alongside the financial results, the group reported continued progress in quality of care. 22 of Radius Care’s 25 care homes now hold the maximum audit certification period, up from 16 a year earlier.

Chief Executive Andrew Peskett acknowledged the work behind that progress.

“High-quality care starts with having exceptional people in our care communities every day. Our team continues to deliver strong clinical and operational outcomes for residents.”

 

Turning Plans into Capacity

The half-year also saw Radius Health advance investments that will support future growth and help meet New Zealand’s increasing demand for aged care.

Construction is underway at Applefields in Belfast, Christchurch, where sub-floor works have begun on the new 100-bed care home. Scheduled for completion in May 2028, it will provide hospital-level and dementia care, alongside a base for delivering services into the surrounding community. Applefields is the first of ten new care homes planned over the next five years.

“Our development pipeline represents the most significant growth opportunity in Radius Health’s history. We are advancing projects around the country that will deliver much needed high-acuity residential care beds for elderly New Zealanders,” says Founder and Executive Chair Brien Cree.

Investment is also progressing across our boutique village portfolio. Six new villas opened at Matamata Country Lodge Village in October, and refurbishment of 14 units at Radius Sprott House is due for completion in December. Together, these projects will make 20 units available for sale in the second half of FY27.

A further six villas at Clare House in Invercargill are scheduled for completion in April 2027.

 

Building on the Half Year

Home Support, Cibus Catering, Radius Shop and Luma continue to extend the group’s reach beyond residential care. The Luma continence care range has now launched across all 25 Radius Care homes.

Looking ahead, Radius Health expects a strong second half, with underlying EBITDA expected to exceed $30 million for FY27 (vs $27.4m in FY26).

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.