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 Full year results, released 27 February 2026

SUMMERSET POSTS $234.2M FULL YEAR UNDERLYING PROFIT

• Underlying profit for FY25 of NZ$234.2m, up 13% on FY24

• IFRS net profit $259.7m down 22% on FY24

• Total revenue of NZ$361.8m up 13% on FY24

• Total assets of NZ$9.2b, up 15% on FY24

• 1,560 total sales of occupation rights, up 26% on FY24

• 693 new homes delivered under occupation right agreement (ORA) (637 in New Zealand and 56 in Australia)

• Development margin of 27.8%

• Land bank total of 5,499 retirement homes and 1,173 care homes across NZ and Australia

• Uncontracted NZ stock decreased 7% compared to 1H25

• Final dividend of NZ13.2 cents per share

• Village and care resident satisfaction 91% and 89% respectively

• Staff retention 84% up 3% on FY24

Retirement village operator Summerset Group Holdings Limited today announced a record full year underlying profit for the year ending 31 December 2025 of NZ$234.2 million, up 13% on FY24 primarily due to a positive sales performance and continual growth in the company’s portfolio. IFRS net profit after tax was down to $259.7 million with the change largely driven by the impact of lower median house prices on revaluations of the company’s portfolio over the year.

Summerset CEO Scott Scoullar said the company’s long-term strategy continues to deliver results with Summerset achieving underlying profit growth, meeting its building targets, achieving healthy sales results (given the property market conditions in 2025), maintaining high resident satisfaction and staff engagement, and hitting significant milestones in its Australian growth strategy.

“We’ve continued to achieve despite another year where the business environment and property market has been subdued. Summerset has lifted the value of the company by $1.32 per share to have a Net Tangible Assets (NTA) per share of $13.75, and we are proud to be very focused on growth” Mr Scoullar said.