Radius Care Announces Strong FY25 Trading Update

9 April 2025


Radius Care Announces Strong FY25 Trading Update

Radius Residential Care Limited (NZX: RAD) (Radius Care) today confirmed that
operating results for the financial year ended 31 March 2025 (FY25) were materially
ahead of the prior year, due to strong trading during the final quarter.
Preliminary Key FY25 Financial Metrics (Subject to Completion of Audit):
• Underlying EBITDA
1
of $23.3m - $23.7m, vs $20.9m for FY24 (FY24 included one
additional care home for nine months).
• Underlying EBITDA
1
growth of c23% for the second half year (2H25) vs 2H24.
• EBITDAR per occupied bed
1
of $27.9k (vs $24.7k for FY24).
• Average occupancy for FY25 of 92.8% (vs 91.8% for FY24). Occupancy for the last
week of FY25 was 93.9%.
• Drawn debt of $70.2m (vs $75.9m for FY24).
• Net Interest Expense of $6.1m (vs $9.5m for FY24).
“As a specialist care provider with a clear focus on our core business, Radius Care’s
exceptional people have once again delivered industry leading results and profitable
growth across the Group. Our strong occupancy demonstrates there is ongoing
demand for high quality residential aged care services, and in particular for high
acuity hospital care” said Brien Cree, Radius Care’s Executive Chair.
Radius Care intends to release its full audited financial results for the FY25 year in
late May 2025.
Business Performance
Andrew Peskett, Radius Care’s CEO, commented “the strong operating
performance in FY25 was driven by a number of factors and gives Radius Care a
strong foundation for continued growth:
1. Exceptional people leading our 1,700 committed team members delivering
exceptional care in our care homes.
2. Increased Accommodation Supplement revenue (+$1.0m / +11% vs FY24).
3. Strong occupancy and improved mix, with higher-revenue Hospital and ACC
occupancy.
4. Contribution of Cibus Catering (51% interest acquired on 1 October 2024).
5. Reduced debt and lower interest rates decreasing interest costs by $3.4m.”


1
These measures are non-GAAP (unaudited) financial measures. A reconciliation between
the financial statements and these measures will be included within the Investor
Presentation in late May 2025.

Dividend
As previously announced, Radius Care has returned to the previous cycle of an
interim dividend paid in December and a final dividend paid in June, both carrying
full imputation credits. The Board expects to announce a final dividend in May 2025
when audited financial statements for FY25 are released.

ENDS
Media and Investor Contacts
Andrew Peskett
Chief Executive Officer
Phone: +64 21 747 363
Email: andrew.peskett@radiuscare.co.nz

Jeremy Edmonds
Chief Financial Officer
Phone: +64 22 650 9354
Email: jeremy.edmonds@radiuscare.co.nz


About Radius Care
Radius Residential Care Limited was founded in 2003 and listed on the NZX in December
2020. Radius Care provides essential healthcare services to elderly New Zealanders, offering
the full range of accommodation and care options in communities throughout the country.
Today, Radius Care operates 23 aged care facilities, of which it owns 12 and leases 11. Four of
the owned facilities also include retirement villages and Radius Care’s online shop sells
specialist assisted-living products. The company employs over 1,700 people, including highly
qualified healthcare staff who are committed to providing the very best in nursing care, and
has expanded its services, establishing RConnect, a Nurse and Carer bureau and Home Care
provider. A 51% holding in Cibus Catering was acquired in October 2024. Cibus provides menu
planning and nutrition management services to the aged care sector, as well as full-service
kitchen and food management to 25 care homes across New Zealand, including ten Radius
Care sites. For more information visit radiuscare.co.nz or check out our Facebook page
@RadiusCareNZ.