Summerset Group Holdings Limited

Overview

Summerset is the third largest operator and the second largest developer of retirement villages and aged care facilities in New Zealand. Summerset is one of the few retirement village operators to provide a continuum of care at its Villages.

Summerset ordinary shares commenced trading on the NZSX on Tuesday 01 November 2011.

Performance

The following information was extracted from Summerset Group Holdings Limited's half year results, released 27 August 2026

• IFRS net profit $171.4m up 92% on HY25

• Cashflow from existing operations (CFEO) $31.0m up 291% on HY25

• Total revenue of NZ$200.3m up 16% on HY25

• Total assets of NZ$9.8b, up 14% on HY25

• Underlying profit for FY26 of NZ$103.4m, down 3% on HY25

• 481 new homes delivered across New Zealand and Australia

• 813 total sales up 17% on HY25 (new sales up 12% and resales 23%)

• Development margin of 20%

• Final dividend of NZ 3.8 cents per share

• Village and care resident satisfaction 91% and 88% respectively

Retirement village operator Summerset Group Holdings announced its HY26 results today for the six months ended 30 June 2026, with an emphasis on disciplined execution.

Summerset CEO Scott Scoullar said the company had made a good start to the year, in an uncertain operating environment, with the half year result reflecting strong sales momentum, disciplined capital management and a continued focus on strengthening cash generation.

“We’re proud to have delivered higher first half sales on last year in this challenging market. At the same time we’ve also continued to bring new homes to market in New Zealand and Australia, and taken deliberate steps to manage development spend, strengthen cash generation and reduce net debt over the next 18 months,” Mr Scoullar said.

IFRS net profit after tax increased to $171.4 million (up 92%) and cash flow from existing operations (CFEO) was up significantly 291% to $31.0m as the company focused on strengthening its cash generation over the medium term. Underlying profit for the half was $103.4m, down 3% on the same period last year reflecting a change in the mix of homes Summerset is selling currently.