Summerset Group (SUM) Q3 2025 TU earnings summary

Executive summary

• Achieved a record 420 occupation right sales in Q3 2025, with 244 new sales and 176 resales, continuing strong momentum from the first half of the year.

• 29% of Q3 sales were Care Occupation Rights Agreements (ORA), with 38% of new sales and 16% of resales in this category.

• Over 52% of New Zealand sales occurred outside major cities, highlighting portfolio diversity.

Financial highlights

• Year-to-date (YTD) 2025 occupation right sales reached 1,112, compared to 1,238 for the full year 2024.

• Q3 2025 new sales (244) and total sales (420) both exceeded Q3 2024 figures (129 new, 289 total).

Outlook and guidance

• On track to deliver 650-730 homes in FY25, including new village centre buildings in New Zealand and Australia.

• First residents at Chirnside Park village in Australia expected in Q2 2026.