Summerset reports 19% profit increase in 2025

Retirement village operator, Summerset, has reported a 19% increase in underlying profit for the first half of 2025.

The company's underlying profit for the six months ended June 30, 2025, was $106.6 million.

The reported profit after tax, based on International Financial Reporting Standards (IFRS), was $127.2m, up 26% from the same period last year.

Summerset's total assets reached $8.7 billion, an 18% increase, while operating cash flows were $228.7m, up 19%.

The company delivered 334 new units in New Zealand and Australia and recorded 692 sales of occupation rights.

Summerset's interim dividend was set at 11.3 cents per share.