Promisia Healthcare delivers strong FY25 results driven by acquisitions

Promisia Healthcare Limited (NZX: PHL) announced strong unaudited preliminary results for the year ended March 31, 2025 (FY25), driven by the acquisitions of Golden View Lifestyle Village and Ripponburn Home and Hospital in Cromwell. Operating revenue surged by 37% to NZD31.08 million, while underlying EBITDAF increased by 11.5% to NZD4.2 million. Net profit after tax soared by 318% to NZD6.8 million. Total assets grew by 104% to NZD172 million. The company also improved its financial position by reducing the weighted average interest rate from 9.0% to 7.1% and improving its loan-to-value ratio from 48.8% to 42.9%. Net Tangible Assets per share rose 25% year on year to 79 cents. The group anticipates underlying EBITDAF to grow in excess of 25% in FY26.