Ryman Healthcare lists on the ASX

RYMAN HEALTHCARE LIMITED 1
NZX, ASX & MEDIA RELEASE
Ryman Healthcare lists on the ASX
1 October 2025
Ryman Healthcare (Ryman), New Zealand’s largest provider of retirement living and aged care,
today listed on the Australian Securities Exchange (ASX) under the ticker ASX: RYM.

Ryman retains its primary listing on the New Zealand Stock Exchange (NZX) and Foreign Exempt
Listing status on the ASX, ensuring streamlined compliance while enabling investors to directly trade
Ryman shares.

Speaking at the Bell Ceremony in Sydney, Ryman Chief Executive Officer Naomi James said the
dual listing was a pivotal step in expanding Ryman’s investor base while reinforcing its commitment
to the Australian market.

“Australia represents a significant long-term growth market for aged care and retirement living.
With property markets stabilising, aged care reforms complete and supply lagging demand, we
see great opportunity in Australia. Listing on the ASX is a key milestone on this journey.”

Ryman is an industry leader, widely recognised in New Zealand for pioneering the continuum of
care model, establishing the standard for integrated retirement living and aged care. The
continuum of care model provides residents with certainty and security - moving into a Ryman
village once and knowing their care needs will be met as they change over time. With the
increasing level of care in the home, the care and support offered across our Ryman villages is
becoming even more relevant.

“The ASX listing increases access for Australian and international investors to a proven operator with
the largest retirement living and aged care business in New Zealand and a growing footprint in
Australia. Greater liquidity from the ASX will benefit both new and existing shareholders over time,”
James said.

The company currently operates nine villages in Victoria, home to more than 2,000 residents and
supported by over 1,500 employees. Since opening its first Australian village in 2014, Ryman has
invested over $2 billion into the market and plans to accelerate growth as demand rises.

The number of Australians aged 80 and over will triple over the next 40 years - reaching more than
3.5 million by 2062–63, underlining the scale of future demand
1
. James says Ryman is uniquely
positioned to meet the growing demand.


1
Australian Government, Intergenerational Report 2023: Australia’s future to 2063, p.159, treasury.gov.au/sites/default/files/2023-08/p2023-
435150.pdf

RYMAN HEALTHCARE LIMITED 2
“We believe our continuum of care model sets us apart in Australia. It provides residents with
certainty and choice as their needs change, and it positions us to capture growing demand in a
recovering property market.”

Since her appointment in November 2024, James has taken decisive action to reset Ryman’s
balance sheet through a $1.0 billion equity raise as well as setting 3-5- year strategic priorities to
release $500 million of cash from the business and deliver $100 to $150 million of sustainable
improvement in cash performance.

Together with new Chief Financial Officer Matthew Prior - an experienced ASX-listed company
executive - James is positioning Ryman for disciplined growth in both Australia and New Zealand.
Backed by $12 billion in assets, a strong Victorian presence and a proven continuum-of-care
model, Ryman is well positioned to meet rising demand for retirement living and aged care, while
delivering sustainable operational and financial performance.

Ryman Healthcare
Ryman was established in New Zealand in 1984, pioneering the continuum of care model in New
Zealand, introducing the model to the Australia market in 2014, where it now has nine operational
villages. FY25 marked a milestone year, celebrating four decades of service and the evolution of a
business built around residents’ needs and completing four main buildings across New Zealand and
Australia - the most delivered in a single year in the company’s 40-year history.

Ryman's founding principle was that everything we do must be “’good enough for Mum and Dad’.
Ryman has grown into New Zealand’s market leader in integrated retirement living and aged care,
with an expanding portfolio in Australia.

Authorised by
Morgan Powell
General Counsel

About Ryman
Ryman Healthcare was founded in Christchurch in 1984 and owns and operates 49 retirement
villages in New Zealand and Australia. Ryman villages are home to 15,200 residents, and the
company employs 7,800 staff.


Contacts
For investor relations information
Hayden Strickett, Head of Investor Relations
hayden.strickett@rymanhealthcare.com


For media information
media@rymanhealthcare.com