Third Age Health Services (TAH) H1 2027 earnings summary

Executive summary

• 1H27 revenue rose 20.8% YoY to $12.867m; statutory NPAT increased 38.4% to $2.104m and NPATA rose 39.0% to $2.422m.

• ARC services covered 129 aged-care facilities, up 7 YoY, and 7,654 residents, up 6.9% YoY.

• Operations now run separately under Crystal Murphy and Greg Clarke, with a focus on accountability, simpler systems and faster local decisions.

Financial highlights

• Revenue was $12.867m versus $10.653m; gross profit was $6.567m versus $5.395m for the six months ended 30 September.

• EBITDA increased to $3.700m from $2.759m; EBIT was $3.473m, up 36.8% YoY.

• NPATA was $2.422m, up 39.0% YoY; NPBTA was $3.272m, up 38.2% YoY.

• Profit before tax rose to $2.954m from $2.145m; profit attributable to parent shareholders was $1.841m versus $1.415m.

• Operating cash flow increased to $1.870m from $1.521m; period-end cash was $3.000m versus $1.579m a year earlier.

Segment performance

• ARC-related revenue rose 33.8% to $9.153m from $6.840m; segment profit before tax increased to $2.696m from $1.651m.

• Aged medical care EBITDA was $2.965m versus $1.781m; services reached 129 aged residential care facilities and 7,654 residents.

• General practice revenue was $3.714m versus $3.813m; segment profit before tax was $0.258m versus $0.494m and EBITDA was $0.735m versus $0.978m.

• Total enrolled patients were 26,031, down 4.3% YoY, entirely due to Community General Practice.

• ARC Health and Cicada Health transitioned to existing operations for September 2026 after completing 12 months of ownership on 31 August.