Oceania Healthcare Limited — Focused delivery: Annual Report 2026 (year ended 31 March)
Oceania Healthcare Limited
Provider claim
Community provider
2026-10-10
Next review: 2027-04-10
Oceania’s New Zealand care and village portfolio; group/eligible-resident measures, not national prevalence
Medium confidence
verified
Primary-source research review
Evidence boundary: Historical issuer report for 1 April 2025–31 March 2026, dated and released 22 May 2026, with original June 2026 access retained. All 109 physical pages were inspected; issuer and exchange originals match retained bytes and hash. Review on 10 October establishes edition identity and accurately attributed report content, not current vacancies, staffing, certification, costs, governance appointments, clinical outcomes, refund rights or subsequently delivered projects. Rounded mixed portfolio counts, adjusted/excluded-site occupancy, revised NPS without response counts, eligible long-term wellbeing excluding respite and 65% staff survey participation require their own denominators. Distinct occupancy rows are retained without inventing a reconciliation. Audited statements and the financial opinion have a defined scope; non-GAAP measures, estimates, leadership assertions, voluntary climate narrative and future plans must be read separately. The report describes limited assurance for selected sustainability metrics, with separate archive reports not independently reviewed in this pass. Financial/ORA notes are provider accounting rather than current legal guidance. Climate scenarios are plausible tests rather than predictions; emissions depend on method, divestments and construction phasing. No independent site clinical evaluation, valuation-model replication, current regulatory-law audit or later project/pilot verification was performed. Company statements on 2026 reforms remain publication-time context, not enacted policy or entitlement.
Short Answer
109-page FY2026 issuer report on Oceania’s care/village portfolio, resident and workforce measures, audited financial statements, ORA accounting, governance and voluntary climate reporting, with clearly separated adjusted measures and future plans.
Why it matters
Compare Oceania’s FY2026 care/village business model, survey denominators, workforce retention, resident-liability accounting and property assumptions against other operators on a like-for-like basis. Keep care beds, care suites and independent-living units separate; follow the financial reconciliation and distinguish completed developments from forecasts. Use reported nurse practitioner provision and proposed home-care pilots to frame site-specific questions about eligibility, costs, hours, escalation and continuity rather than promise access.
Key Points
- •109 physical pages, replacing the catalogue’s 123. Reporting period: 1 April 2025–31 March 2026; signed report/financial authorisation/EY audit: 22 May 2026; exchange publication: 22 May at 08:30 NZST (physical pp. 2, 34, 70; NZX payload).
- •The issuer PDF and NZX attachment independently match the retained original: 6,485,417 bytes; SHA-256 1080b21542932e43a52cab53f5662d20a2fa67f3b95c1235a70fd8d55d154f6a. The original June 2026 access label is unchanged.
- •The FY2026 portfolio contains 1,924 units, 1,115 care suites and 898 care beds, totalling 3,937 mixed accommodation types across 30 sites; approximately 3,900 residents and 2,200 staff are rounded company figures (printed pp. 2, 30).
- •Trading highlights give 93.5% care occupancy excluding development sites and divestments, versus 94.5% in FY2025. Printed p. 30 separately reports 93% occupancy and 96% excluding development sites; their scopes are not reconciled in this review (printed pp. 3, 30).
- •Resident NPS +33 uses a revised Carepage method including both care and village residents and a stated +36 Australasian benchmark. No respondent count/rate is supplied here; do not treat this as a directly comparable prior-year clinical outcome (printed pp. 3, 13).
- •The 79.5% care wellbeing result covers eligible assessed long-term residents, excludes short-term respite, and combines connection, comfort, engagement, health stability and resident-reported wellbeing with equal weights; it is not 79.5% of all residents being healthy (printed p. 13, footnote 1).
Full Summary & Notes
109-page FY2026 issuer report on Oceania’s care/village portfolio, resident and workforce measures, audited financial statements, ORA accounting, governance and voluntary climate reporting, with clearly separated adjusted measures and future plans.
Open the full summary for detailed notes and source links.
Oceania Healthcare Limited’s Focused delivery: Annual Report 2026 covers 1 April 2025–31 March 2026. The signed introduction dates the report to 22 May; the financial statements and EY audit are also dated 22 May, and NZX published the annual-report attachment at 08:30 NZST that day. All 109 physical pages were inspected. Both the current issuer download and exchange attachment match the preserved June 2026 original byte for byte; the access label is retained separately from these source dates.
The portfolio snapshot reports 30 sites, 1,924 independent-living units, 1,115 care suites and 898 traditional care beds, approximately 3,900 residents and 2,200 staff. These mixed company categories are not a nationwide care-bed census. The leadership narrative describes nurse practitioner-led primary care, Meadowbank’s specialist dementia building, seven site divestments and 71 completed units/suites. Its 81-unit FY2027 programme and proposed home-care pilots remain plans at publication. Care occupancy of 93.5% excludes development sites and divestments; the separate three-year table uses differently labelled 93%/96% occupancy rows, which are not reconciled here.
Resident NPS was +33 under a revised method including both village and care residents, without a respondent count/rate provided here. The 79.5% wellbeing indicator concerns eligible assessed long-term care residents and excludes respite; it combines five equally weighted domains rather than measuring the proportion of all residents in good health. Staff engagement was 70% with 65% survey participation. Reported retention fell from 77.4% to 71.6% for all employees and from 77.5% to 72.2% for clinical employees; these aggregate measures do not establish site staffing or clinical safety.
Audited profit after tax was $0.119 million versus $30.415 million, while total comprehensive income was $75.018 million, including $75.403 million of net property, plant and equipment revaluation gains. Proforma underlying EBITDA of $97.747 million is non-GAAP and removes the Wesley nursing institute’s closure effect; underlying earnings are not cash flow. Statutory operating cash inflow of $169.363 million includes new ORA receipts and outgoing repayments, whereas the separately defined non-GAAP free cash flow from operations was a $15.0 million outflow. EY’s financial opinion covers printed pages 32–66 and expressly excludes the wider narrative.
The final section is voluntary selected climate disclosure, expressly not prepared under the New Zealand Climate Standards. It reports limited assurance separately for emissions and sustainability-linked loan metrics. Market-based Scope 1/2 emissions fell 20% while location-based emissions rose 1%; lower total emissions also reflect development phasing and portfolio exits. The report changes its forward independent-living design commitment from Homestar 7 to Homestar 6 v5, incorporated in loan targets from FY2028. Use this source for dated operator comparisons and questions about care access, staffing, fees and resilience, with current contracts, certification and site availability checked separately.
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Document Details & Metadata
Related Resources
The retained “FY26 Annual Report” file is actually Radius Residential Care Limited’s 39-page audited financial-statements package for the year ended 31 March 2026, released on 13 May. It records care funding, employee costs, leases, resident liabilities and acquisition accounting; the separate 29 June annual report is a different source.
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.
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.
Two-page issuer results release linking unaudited underlying EBITDA, mixed care-suite/apartment completions and portfolio growth to the year ended March 2026; should be read with the full financial annual report, doc-0194.
Four-page May 2026 issuer release on reported care occupancy, adjusted earnings, planned Karori acquisition, new-build care projects and home-support expansion; forecast capacity and promotional service claims require separate verification.