Promisia Healthcare (PHL) H1 2026 earnings summary

Executive summary

• Underlying EBITDAF rose 31% to $2.5 million for HY26, with operating revenue up 47% to $19.2 million year-over-year.

• Group care occupancy improved from 87% in March to 90% in September, with Aldwins House reaching record occupancy above 90%.

• New COO implemented operational improvements, unified systems, and facility health checks, driving rapid performance gains.

• Upgraded FY26 underlying EBITDAF guidance to at least $6.1 million, representing over 45% year-on-year growth.

• Strategic focus on performance, accountability, and cash generation, with leadership team delivering sustainable growth.

Financial highlights

• Profit before income tax was $240,000, down from $5.45 million a year earlier due to a prior period non-cash bargain purchase gain.

• Prior period included a $5.18 million non-cash bargain-purchase gain; current period includes $736,000 of non-cash imputed interest.

• Net loss for the period was $49,000, compared to a profit of $5.8 million in the prior year.

• Cash flow from operating activities increased to $2.8 million from $1.5 million year-over-year.

Outlook and guidance

• Upgraded full-year underlying EBITDAF guidance to at least $6.1 million, exceeding initial guidance of 25% growth.

• Second half focus on targeted growth, potential acquisition, and sustainable development of existing facilities.

• Early-stage acquisition negotiations underway for large-scale integrated care and village facilities.

• Each facility is targeting at least 95% occupancy in the second half.

• Improving earnings, reduced leverage, and stronger cash flow position the company for sustainable growth.