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The latest announcement is out from Radius Residential Care Ltd ( (NZ:RAD) ).
Radius Residential Care Ltd, a New Zealand aged-care provider with a portfolio of care homes, retirement villages, home support services and an online assisted-living shop, is expanding its national footprint with the acquisition of Karori Village in Wellington and development projects in Belfast, Hokitika, Matamata and Invercargill. The company employs more than 2,000 staff and is using private property investor support to accelerate new-build care homes and brownfield village expansions.
Radius Care reported record FY26 results, with profit before tax rising 37% to $14.3m, net profit up 34% to $9.5m, revenue up 14% to $202.3m and strong occupancy of 94.9%, enabling a 50% increase in the final dividend to 1.2 cents per share. Robust cash flow, reduced interest costs, and growing EBITDAR per bed are funding higher shareholder returns, care capacity expansion, the launch of clinician-designed Luma continence products, and the nationwide growth of home support services, positioning the group for further earnings growth in FY27.
More about Radius Residential Care Ltd
Radius Residential Care Ltd is a New Zealand-based aged care operator founded in 2003 and listed on the NZX, providing essential healthcare services to elderly New Zealanders. The company runs 24 aged care homes nationwide, with Karori Village set to become its 25th, and also offers retirement village living at four sites, home support and rehabilitation services, an online assisted-living products shop, and a majority stake in aged-care catering provider Cibus Catering.
Average Trading Volume: 220,227
Technical Sentiment Signal: Buy
Current Market Cap: N$110.6M
For detailed information about RAD stock, go to TipRanks’ Stock Analysis page.