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Promisia Healthcare Limited ( (NZ:PHL) ) has provided an update.
Promisia Healthcare has reported further operational momentum in the fourth quarter of FY26, with group care occupancy rising to 94% in March from 92% at the prior quarter-end. Strong demand at Golden View and Ranfurly Manor was complemented by a sharp recovery at Nelson Street, where a strategic shift toward hospital and dementia care lifted occupancy to 96% and the facility is currently full.
At Ranfurly Manor, the care suite sell-down programme is now effectively complete, with 55 of 57 suites occupied and applications expected on the remaining units, marking a substantial improvement from a year earlier. The company has also approved the first stage of a solar panel rollout at Ranfurly Manor and Nelson Street to cut energy costs, and it reaffirmed upgraded FY26 earnings guidance amid limited exposure to recent global fuel market disruptions.
More about Promisia Healthcare Limited
Promisia Healthcare Limited is a New Zealand-based aged care and retirement living provider focused on delivering quality, personalised care to residents. The company operates facilities in well-established towns and metropolitan areas and is listed on the NZX, aiming for sustainable, profitable growth while providing value to residents, communities and shareholders.
Average Trading Volume: 9,673
Technical Sentiment Signal: Sell
Current Market Cap: N$24.78M
See more insights into PHL stock on TipRanks’ Stock Analysis page.