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Ryman Healthcare (RYM) investor relations material
Ryman Healthcare H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved first positive free cash flow in over a decade, reaching NZD 56.2 million for the half-year to 30 September 2025, driven by cost-out and sales momentum rebuild.
Revenue increased 13% year-on-year to $413.8 million, supported by pricing and occupancy growth.
Net loss after tax of $45.2 million, reflecting lower fair value movements and higher share count post-equity raise.
Completed full refinancing of bank facilities, extending average tenor to five years and improving pricing and covenants.
ASX foreign exempt listing completed, broadening investor base and reinforcing Australian market commitment.
Financial highlights
Operating EBITDAF rose to $40.1 million, up 193% year-on-year.
Free cash flow of $56.2 million, supported by strong net development cash flows and lower finance costs.
Earnings per share was negative 4.4 cents, down from 11.9 cents year-on-year.
Net tangible assets per share decreased to 406.0 cents from 410.6 cents at March 2025.
Finance costs decreased to $39.0 million from $53.2 million.
Outlook and guidance
Full-year sales guidance updated to 1,300–1,400 RV/ORA units, expecting broadly flat sales half-on-half.
Cost saving target for the year increased to $50–60 million annualized.
CapEx guidance moderated to $235–265 million due to contingency releases and cash timing impacts.
No interim dividend will be paid for the period.
Ongoing variability expected as property markets recover at different speeds; Victoria improving, Auckland lagging.
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