Arvida Group (ARV) H2 2025 earnings summary

Executive summary

• Arvida Group Limited reported total revenue of $253.7m for the year ended 31 March 2025, up 2.6% year-over-year, with profit after tax of $100.8m, down from $139.4m in the prior year.

• The company completed a scheme of arrangement with Stonepeak Alps BidCo Limited, resulting in delisting from NZX and a new board appointment in November 2024.

• Major asset sales included Strathallan and the pending sale of St Allisa, with significant insurance recoveries from the Parklane flooding event.

Financial highlights

• Total revenue increased to $253.7m from $247.2m year-over-year; profit before tax was $90.6m, down from $146.0m.

• Net cash inflow from operating activities rose to $160.8m from $144.4m; cash and cash equivalents at year-end were $14.2m, up from $4.7m.

• Investment property fair value gain was $140.2m, down from $165.0m; impairment of intangibles increased to $3.4m from $2.1m.

• No dividends were declared for the year (prior year: 1.2 cents per share).

Outlook and guidance

• The company remains focused on aged-care operations in New Zealand, with all revenue and assets located domestically.

• Capital commitments for construction contracts total $40.3m as of 31 March 2025.