Oceania has reported a 5% increase in Underlying Earnings before interest, tax, depreciation and amortisation (u/EBITDA) for the year ended 31 March 2023.
Total assets increased to $2.5bn as at 31 March 2023, largely as a result of the continued development across 11 sites and the acquisition of Bream Bay Village and Remuera Rise.
Operating cashflow was $70.2m, compared to $105.5m for the year ended 31 March 2022.
Oceania has committed to the Science Based Target initiative and is currently working towards its implementation of climate-related financial disclosures.
The Board have declared a final dividend of 1.3 cents per share (not imputed).
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