Third Age Health Reports Q3 FY26 Performance

Third Age Health delivers Q3 FY26 underlying NPATA
1
of $979k up
22.1% and down 1.1% on Q3 FY25 and Q2 FY26 respectively.
Q3 FY26 Business Highlights - Unaudited Financial Performance

• Services provided to 119 Aged Residential Care (“ARC”) facilities at the end of Q3 up 31 or
35.2% YoY
2
.
• The enrolled patient population across both ARC and General Practice at the end of Q3
increased YoY by 3.6% to 27,191 including acquisitions. Excluding acquisitions, our combined
enrolled patient population declined by 1.1% with growth in ARC slightly offsetting a 4.6%
YoY decline in general practice enrolments.
• Q3 FY26 vs Q2 FY26 – This sequential decline primarily reflects the temporary closure of GP
clinics over the Christmas period. Additionally, revenue in Q2 typically benefits from a
seasonal uplift driven by winter illnesses and immunisations, which does not carry through
into Q3. Margin in our ARC-related business also declined as we prioritised delivering high-
quality care during workforce shortages.
Q3 FY26 Financial Highlights (Unaudited)
• Group revenue up 23.3% YoY to $5,977k for the quarter and up 6.3% over Q2 FY26 (Q3 FY25:
$4,846k, Q2 FY26: $5,622k)
• Revenue from ARC-related business up 34.1% YoY to $4,060k and up 10.7% over Q2 FY26
(Q3 FY25: $3,028k, Q2 FY26: $3,669k).
• Underlying NPBTA
3
up 20.7 % YoY at $1,297k and down 4.8% over Q2 FY26 (Q3 FY25:
$1,075k, Q2 FY26: $1,362k)
• Underlying NPATA up 22.1% YoY to $979k and down 1.1% over Q2 FY26 (Q3 FY25: $802k, Q2
FY26: $990K)
• Statutory NPAT
4


up 16.7% YoY to $818k and down 6.0% over Q2 FY26 (Q3 FY25: $701k, Q2
FY26: $870k)


1
Underlying NPATA (Net Profit After Tax before Amortisation) is adjusted for non-cash amortisation charges arising as a
result of purchase accounting rules.
2
YoY refers to prior comparable period i.e. Q3 FY25.
3
Underlying NPBTA is adjusted for non-cash amortisation charges arising as a result of purchase accounting rules.
4
NPAT at 28% based on an estimated calculation of the tax for the respective periods.

Financial Highlights (unaudited) $'000
Q3 FY26 Q3 FY25 YOY
change
Q2 FY26 Quarter
change`
Revenue 5,977 4,846 +23.3% 5,622 6.3%
Underlying EBIT 1,405 1,175 +19.6% 1,456 -3.5%
EBIT Margin 23.5% 24.2% -0.7% 25.9% -2.4%
Underlying NPBTA 1,297 1,075 +20.7% 1,362 -4.8%
Underlying NPBTA% 21.7% 22.2% -0.5% 24.2% -2.5%
Underlying NPATA 979 802 +22.1% 990 -1.1%
Underlying NPATA% 16.4% 16.6% -0.2% 17.6% -1.2%




Statutory NPAT
818 701 +16.7% 870 -6.0%
Statutory NPAT%
13.7% 14.5% -0.8% 15.5% -1.8%
Diluted earnings per share
7.30 6.54 +11.6% 8.26 -11.6%
Ordinary dividends per share (cents)
4.00 3.88 +3.0% 4.00 0.0%
Return on Equity (TTM)
59.4% 56.4% +3.0% 62.9% -3.5%
Return on Capital Employed (TTM)
41.8% 40.7% +1.1% 41.5% +0.3%

Dividend Declaration
A fully imputed dividend of 4.00 cents per share has been declared for Q3 FY26, in line with the
dividend policy. Combined with the two dividends of 4 cents per share paid for Q2 and Q1 FY26, this
brings total dividends declared for the year to date to 12.00 cents per share.
The Board of Directors of Third Age Health Services Limited has approved the release of this
document to the market.

About Third Age Health (NZX:TAH)
Third Age Health is New Zealand’s only specialised provider of general practice health care services
for older people living in retirement villages, private hospitals, secure dementia units as well as in
communities across New Zealand. A dedicated Third Age Health clinical team provides onsite clinics,
rostered rounds and after hours on-call healthcare services aimed at supporting the health and
wellbeing of older people to improve quality of life. As well as providing clinical services for aged care
facilities throughout New Zealand, Third Age Health owns several general practices providing quality
primary healthcare to people of all ages.
www.thirdagehealth.co.nz