Arvida Group (ARV) H2 2025 earnings summary

Executive summary

• Completed acquisition by Stonepeak for NZ$1.2 billion at NZ$1.70 per share, resulting in delisting from NZX and a new board structure.

• Operating EBITDA increased 6% year-over-year to NZ$101 million, with operating cash flow up 11% to NZ$161 million.

• Gross value of resales rose 21% to NZ$302 million, driven by volume and price gains.

• Portfolio optimization included divestment of two communities to focus on higher-return opportunities.

• Maintained high care occupancy and strong resident satisfaction (Net Promoter Score +44).

Financial highlights

• Total revenue reached NZ$253.7 million, up from NZ$247.2 million year-over-year.

• Profit after tax was NZ$100.8 million, down from NZ$139.4 million in the prior year.

• Total assets increased to NZ$4.66 billion from NZ$4.20 billion year-over-year.

• Investment property value rose by NZ$331 million to NZ$4.15 billion.

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

Outlook and guidance

• Stonepeak’s ownership supports a refreshed strategy focused on portfolio growth, operational excellence, and long-term planning.

• Demographic trends in New Zealand’s ageing population expected to drive continued demand for retirement living and care.

• Company well positioned for future improvements as economic and housing markets recover.