Radius Residential Care (RAD) H1 2027 earnings summary

Executive summary

• H1 FY27 revenue rose 8% to $108.6m; attributable NPAT increased 27% to $8.023m and PBT rose 17% to $10.010m, including a $3.515m Sprott House acquisition gain.

• Underlying EBITDA was $14.4m, down 3% YoY, while occupancy was 95.1% versus 95.0% in 1H26.

Financial highlights

• Total revenue was $108.6m versus $100.2m in 1H26; customer-contract revenue was $107.6m versus $99.0m.

• Reported profit for the period was $8.283m, including $8.023m attributable to owners; PBT was $10.010m versus $8.537m.

• Basic and diluted EPS rose 27% to 2.83 cents from 2.23 cents; the interim dividend increased 10% to 1.1 cents per share, fully imputed.

• Underlying EBITDA was $14.4m versus $14.9m; AFFO was $7.127m versus $7.2m in 1H26.

• Operating cash flow was $6.5m versus $13.3m in 1H26.

Outlook and guidance

• FY27 underlying EBITDA is expected to exceed $30m, versus $27.4m in FY26; H2 operating and financial performance is expected to be strong.

• Occupancy reached 96.4% on 10 November, with 1,923 beds occupied, versus 95.4% and 1,806 beds a year earlier.

• Twenty village units are expected to be available for sale in H2 FY27, alongside the contribution of Sprott House’s 90 beds.

• Long-term plans include 20 new care homes over a decade, with most expected to be leased; revenue projections reach $370m and use 2.5% annual CPI assumptions.