Arvida Group (ARV) H1 2026 earnings summary

Executive summary

• Operates 35 retirement communities in New Zealand, serving 6,750 residents with 5,800 units and care beds, and a development pipeline of 2,000 units.

• Completed a major ownership change: Stonepeak Alps BidCo acquired 100% of shares at NZ$1.70 per share, resulting in delisting from NZX and a new board appointment in November 2024.

Financial highlights

• Total revenue for six months ended 30 September 2025 was $131.9m, up from $125.5m year-over-year.

• Net loss after tax of $8.2m, compared to a profit of $64.0m in the same period last year.

• Basic and diluted EPS were both (1.12) cents, down from 8.8 cents year-over-year.

• Operating cash inflow was $44.7m, down from $79.5m year-over-year.

• Total assets at 30 September 2025 were $4.72bn, with net assets of $1.61bn.

Outlook and guidance

• Entered into an agreement to purchase land for $29m, expected to settle before year-end.

• $21.8m in capital commitments for construction contracts as of 30 September 2025.