Third Age Health Services (TAH) H1 2026 earnings summary

Executive summary

• Net profit after tax (NPAT) increased 32% year-over-year to $1,520k for the six months ended 30 September 2025, and 14% over 2H25.

• Underlying NPATA rose 28% year-over-year to $1,742k and 14% over the previous half-year period.

• Acquisitions of ARC Health and Cicada Health expanded the national network, were immediately accretive, and contributed to patient population growth.

• Services expanded to 122 aged residential care facilities, up 35% YoY, with ARC residents served rising 35.6% YoY to 7,159.

• Combined enrolled patient population grew 5% YoY to 27,191, including acquisitions.

Financial highlights

• Total revenue grew 13.2% year-over-year to $10,653k and 10% over 2H25.

• Revenue from ARC-related business up 20% YoY to $6,840k.

• EBITDA increased to $2,759k from $2,253k year-over-year.

• Underlying EBIT up 24% YoY to $2,539k; EBIT margin improved to 23.8%.

• Basic and diluted EPS rose to 14.22 cents from 10.26 and 9.96 cents, respectively.

Outlook and guidance

• Continued focus on customer satisfaction, operational discipline, and long-term durability.

• Ongoing investment in workforce recruitment and digital infrastructure to support future growth.

• Board adopted a fixed quarterly dividend policy of 4 cents per share, with second quarter fully imputed dividend per share of 4.00 cents declared, totaling 8.00 cents for 1H26.