Oceania Healthcare has reported a 200% increase in total assets since its share-market listing in 2017, reaching nearly $3 billion.
The company said 88% of its sites have been newly developed or acquired, resulting in a portfolio of newer, higher-quality care homes and retirement villages.
Oceania also announced the decision not to pay a final dividend for the 2025 financial year.
Instead, it said it has updated its dividend policy to pay out between 40% and 60% of its free cash flow from operations.
Oceania's board said it remains committed to careful financial management, with $97 million in unused debt capacity and improved gearing of 36.3%.
The company said it will focus on completing its current strategy and has developed a five-year plan under the leadership of chief executive Suzanne Dvorak.
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