Radius Care — The Radius Way: Annual Report 2024
Radius Residential Care Limited
Provider claim
Community provider
2026-10-10
Next review: 2027-04-10
New Zealand operator portfolio; company-specific coverage and reporting period
Medium confidence
verified
Primary-source research review
Evidence boundary: Commercial issuer primary evidence for the year ended 31 March 2024; all 49 physical spread pages inspected. Printed and physical numbering differ. Report date 25 June is established, but its first public-release day was not independently established. Financial authorisation/audit date 29 May is separate. The financial opinion excludes wider narrative; adjusted metrics are unaudited and their separate results-presentation reconciliation was not reviewed. Resident and Facility Manager survey denominators and response counts/rates are not disclosed here. Care certifications, staffing, contracts, roles, home-support plans and July 2024 climate publication plans remain historical claims, not current legal/service/clinical assurance. The separate climate statement and any later outcomes were not certified by this review. Current and legacy issuer PDF bytes both match the retained original; 2026 hosting directory is not publication. Preserve original filename, bytes and June 2026 access history. Review performed 10 October 2026; issuer now lists FY2026 editions. No investment recommendation or universal legal interpretation of the report’s ORA/accounting terms.
Short Answer
FY2024 care operator report on high-acuity beds, employee and resident feedback, RConnect staffing, community activity, new home-support plans and audited financial results; 49 PDF spreads contain the numbered report through page 95.
Why it matters
Use historical care mix, staffing-bureau and community-support reporting to develop provider-specific questions, and compare statutory results with the issuer’s adjusted metrics and clearly bounded assurance.
Key Points
- •The annual report is dated 25 June 2024 for the year ended 31 March 2024. Financial authorisation and audit are dated 29 May 2024; first public-release day was not established (physical pp. 2, 22, 41).
- •The preserved file has 49 physical PDF pages, mostly spreads; printed numbering reaches 95 before the closing cover. The earlier catalogue count of 89 was incorrect (physical pp. 2, 48–49).
- •FY2024 profile: 23 care homes, four retirement villages, 1,789 care beds and 148 villas. High-acuity beds account for 87% of the reported bed mix, not 87% of all older people (physical p. 4; printed pp. 6–7).
- •Underlying EBITDA of $20.9 million and AFFO of $7.4 million are explicitly unaudited non-GAAP measures; the report directs readers to a separate May 2024 results presentation for reconciliation (physical p. 5; printed pp. 8–9).
- •The audited statements show $3.599 million profit before tax and an $8.488 million loss after tax; tax expense was $12.087 million, including an $11.339 million deferred-tax adjustment (physical pp. 21, 32–33; printed pp. 41, 62–65).
- •Reported resident satisfaction was 85%; employee NPS of 74% refers to Facility Managers. Response counts/rates and fieldwork dates are not established here (physical pp. 11–12; printed pp. 20–23).
Full Summary & Notes
FY2024 care operator report on high-acuity beds, employee and resident feedback, RConnect staffing, community activity, new home-support plans and audited financial results; 49 PDF spreads contain the numbered report through page 95.
Open the full summary for detailed notes and source links.
The Radius Way is Radius Residential Care Limited’s annual report for the year ended 31 March 2024, dated and approved as an annual report on 25 June 2024. It contains 49 physical PDF pages, predominantly paired-page spreads; the printed report runs through page 95 and a closing cover. Financial statements were authorised and audited on 29 May. The report’s date does not independently establish its first public-release day. Both the legacy issuer PDF and the current Radius Health archive download match the preserved original byte for byte; the current 2026 upload path is not a 2026 edition.
The company reports 23 care homes, four retirement villages, 1,789 care beds and 148 villas, with 87% of beds classified as high acuity. Resident satisfaction of 85% and a Facility Managers employee NPS of 74% are company survey measures with no response counts or rates supplied here. RConnect and a nascent Radius Home Support service are described alongside community stories and planned expansion; these descriptions do not verify present-day referrals or funded service availability.
The headline $20.9 million underlying EBITDA and $7.4 million Available Funds from Operations are unaudited non-GAAP measures. The financial statements instead report profit before tax of $3.599 million and a loss after tax of $8.488 million, including a material deferred-tax adjustment. Baker Tilly Staples Rodway’s unmodified opinion concerns the financial statements on printed pages 41–73; it does not assure the wider care and workforce narrative. The separate voluntary climate statement was planned for July 2024.
This historical edition helps readers ask about staffing, care mix, audit evidence, fees and support pathways. It does not demonstrate today’s bed availability, facility quality, contract terms or delivery of plans. The current issuer archive also lists FY2026 reports.
Read bundled source notes
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Document Details & Metadata
Related Resources
The report brings together a corporate portfolio overview, strategy, resident experience, workforce and environmental initiatives, audited consolidated financial statements and remuneration/governance reporting. Its accounts report a statutory loss despite improved adjusted operating earnings and positive aggregate free cash flow; the existing-operations component of that cash flow remains negative. Restated FY25 values and the note 2 reconciliation are essential for comparisons. Use the company’s dated care occupancy and portfolio figures to frame questions, with mature-site and cross-country boundaries retained. Organisation-wide team members are not clinical staffing FTE; NPS and participation scores lack detailed survey denominators. Testimonials, product roll-outs and training claims are commercial narrative rather than independently evaluated clinical evidence. Future construction, demographic assertions and dividend/funding expectations require separate subsequent verification.
Report-based reconciliation of a June 2026 source brief. Original authored publication date is known only to year 2026; 5 June dates the annual report, not necessarily the brief. Detailed narrative retains historical strategy and June news context while correcting report contradictions; analyst reaction, subsequent bond events and later role/project outcomes are not independently checked in this scoped review.
Historical FY25 Radius company report: portfolio activity, diversification, development plans, governance and audited group accounts; not a national capacity, staffing or clinical-quality assessment.
Historical FY2024 operator report on care occupancy, resident and employee feedback, development, audited financial statements, climate scenarios and governance; underlying profit and care-quality narrative have separate assurance limits.
Historical FY2025 report covering village and co-located care capacity, mixed unit/suite completions, workforce feedback, development plans, emissions accounting and audited financial statements; portfolio excludes the Palmerston North joint venture.
42-page FY2026 financial annual report with a short portfolio and leadership overview, audited statements, valuation and resident-loan notes, planned development and limited resident-feedback reporting; separate from the two-page results release.