Radius Care (NZX:RAD) announces strong FY25 trading results
Radius Residential Care (NZX: RAD) today announced preliminary FY25 financial metrics indicating strong performance, with underlying EBITDA expected to range between NZD 23.3 million and NZD 23.7 million, compared to NZD 20.9 million in FY24. The company reported a c23% growth in underlying EBITDA for the second half of FY25 versus the same period last year and EBITDAR per occupied bed increased to NZD 27.9k, up from NZD 24.7k in FY24. Average occupancy for FY25 reached 92.8%, with the last week hitting 93.9%. Radius Care reported a reduction in drawn debt to NZD 70.2 million and net interest expense decreased to NZD 6.1 million. The company attributes its success to its dedicated team, increased Accommodation Supplement revenue, improved occupancy mix, the contribution of Cibus Catering, and reduced debt. The full audited financial results are expected to be released in late May 2025, along with the announcement of a final dividend.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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