Arvida Group Limited FY26 Result
28/05/2026 08:32 NZST, FLLYRP
• Total assets $5.0 billion
• Total equity $1.7 billion
• Reported net profit after tax $97 million
• Underlying EBITDA $133 million[1]
Retirement village operator Arvida Group Limited (Arvida) today reported audited financial results for the financial year ended 31 March 2026.
Financial Performance
Arvida reported a 10% lift in Underlying EBITDA to $133 million. The improved result was largely driven by stronger operational performance underpinned by high care occupancy across the majority of our facilities.
Chief Executive Jeremy Nicoll said the business had achieved strong resale settlement volumes despite the weak residential housing market. The gross value of occupation right agreements resold was up slightly on the prior year to $303 million.
Financial Position
Arvida’s balance sheet continued to grow, with the value of Arvida’s investment property portfolio increasing by $335 million over the 12-month period to $4.5 billion. The increase in value reflected continued unit pricing momentum and new units added through development activity.
Development Milestone
The delivery of 55 new care suites and 53 premium apartments at Arvida’s Bethlehem Shores was a development milestone for the 2026 financial year. Demand for these offerings has been strong, reflecting both demographic need and the quality of the product delivered.
Outlook
Demographic trends continue to support long-term demand for retirement living and aged care in New Zealand. While broader economic conditions and housing market dynamics remain relevant to short-term performance, Arvida is well positioned to benefit from future improvements.
– Ends –
1 - Underlying EBITDA is a non-GAAP (unaudited) financial measure that removes the fair value movement of investment property, other unrealised items, interest, depreciation, deferred tax and one-off items from reported net profit after tax and adds the realised gains associated with resales and the development margins associated with new sales.