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Ryman Healthcare (RYM) investor relations material
Ryman Healthcare AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Opening remarks and agenda
Chair welcomed shareholders, confirmed a quorum, and outlined the agenda, including business updates, CEO presentation, resolutions, and Q&A, with both in-person and online participation.
Financial performance review
Net loss after tax of $436.8M for FY2025, driven by restatements, one-offs, and non-cash write-downs.
Free cash flow was negative $94M, improving by nearly $100M year-on-year, with further improvement targeted.
FY2025 saw 1,523 sales of occupation rights, flat year-on-year, with occupancy above 90% in mature villages and 96.3% in aged care.
$1B equity raise reduced gearing to 28% and delivered annualized interest savings of $50M–$55M.
Substantial write-downs in asset values and software, and a more conservative approach to revenue recognition and cost capitalization, led to a reduction in shareholders' equity and NTA per share.
Board and executive committee updates
Board underwent significant renewal, with five new independent directors appointed since June 2023, bringing commercial, financial, and development expertise.
Naomi James appointed CEO in November, with a reshaped executive team reduced from nine to seven members for clearer accountability.
Matthew Prior appointed as CFO, replacing Rob Woodgate.
Board-led 18-month review completed, improving governance and transparency.
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