Metlifecare - Source Brief - HY26 Results
Metlifecare
Sector evidence
Sector body
June 2026
Next review not yet scheduled
New Zealand
Medium confidence
published
SNZ editorial review
Evidence boundary: This record summarises the cited source. It does not establish local availability, individual eligibility, or professional advice.
Short Answer
- NPAT decline driven by lower fair value gain on investment property ($79.8M vs $85.1M)
Key Points
- •Paul McClintock stepped down as Chair (effective 1 May 2026) after 5+ years
- •Murray Jordan appointed Deputy Chair (Feb 2026), becomes Chair from 1 May 2026
- •Laurissa Cooney appointed Director (also Director of Air NZ, Rabobank NZ, Goodman Property)
- •Listed: NZX (MET) — NOT taken private. The EQT takeover bid (2021-2022) did not complete
- •Major shareholder: EQT (via Sam Franklin on board)
- •Established: 1984
Full Summary & Notes
- NPAT decline driven by lower fair value gain on investment property ($79.8M vs $85.1M) - Total comprehensive income boosted by $47.6M care home revaluation gain - Bank refinancing completed: $1.05B facilities extended, pricing optimised, +$100M increase in facilities - Paul McClintock stepped down as Chair (effective 1 May 2026) after 5+ years - Murray Jordan appointed Deputy Chair (Feb 2026), becomes Chair from 1 May 2026 - Laurissa Cooney appointed Director (also Director of Air NZ, Rabobank NZ, Goodman Property) - EQT's Sam Franklin remains on board - Listed: NZX (MET) — NOT taken private. The EQT takeover bid (2021-2022) did not complete - Major shareholder: EQT (via Sam Franklin on board) - Established: 1984 - CEO: Earl Gasparich (since 2022, previously CEO of Oceania Healthcare) - Revenue FY25: $243.0M (+9.5%) - NPAT FY25: $66.4M (+25%) - Tracker: '11_Market_and_Industry_Reports/2026 Provider Market Refresh Tracker.md' - Annual report: '11_Market_and_Industry_Reports/2025 - Metlifecare - Annual Report.pdf'
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