Regis Healthcare Limited (ASX:REG) Announces Half-Year Financial Results
Financial Performance
Regis Healthcare Limited reported a 17.5% increase in revenue for the half-year ended 31 December 2024, reaching $564.17 million. The company achieved a net profit after tax of $24.36 million, a significant turnaround from a loss of $12.14 million in the previous corresponding period. Basic earnings per share rose to 8.09 cents from a loss of 4.03 cents. The average occupancy rate across Regis’ residential aged care portfolio improved to 95.7%, with the spot occupancy rate at 95.1%.
Dividend Information
On 24 February 2025, the Board of Directors resolved to pay an interim dividend of 8.09 cents per ordinary share, totaling $24.36 million (60% franked), payable on 10 April 2025, with a record date of 14 March 2025.
Strategic Acquisitions
Regis Healthcare continued its expansion strategy by acquiring two residential aged care homes on the Mornington Peninsula, Victoria, from Ti Tree Operations Pty Ltd on 2 December 2024, for net consideration of $40.35 million. The acquisition, which adds 262 operational places, has already contributed $2.58 million to revenue. Additionally, Regis entered into an agreement to acquire BodeWell Community Care in January 2025, further enhancing its home care service offerings.
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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