Promisia Healthcare Interim Results

Promisia Healthcare Limited (NZX: PHL, "Promisia") has announced its unaudited results for the six months ended 30 September 2024 (HY25).

The first half of the FY25 financial year has delivered a step change in Promisia’s strategic growth, with a successful $4.7m capital raising and share/warrant consolidation, the acquisition of two facilities in Cromwell, and the sale of the Eileen Mary village in Dannevirke.

Six month strategic and financial snapshot:
• Strategic growth with acquisition of Golden View Lifestyle Village and Ripponburn Home and Hospital in Cromwell on 29 August 2024
• Refinancing with BNZ with improved terms and tenure, and repayment of second-tier debt and Senior Trust loans
• Successful capital raise, share/warrant consolidation and sale of Eileen Mary facility enabling growth and delivering improvement in key debt and liquidity measures
• Record first half operating revenue and a positive uplift in operating profit compared to prior comparative period (pcp)
• Significant uplift in Net Tangible Assets (NTA) to 72 cents per share, up 57% on pcp
• FY25 guidance of significant uplift in revenue with EBITDAF expected to be upwards of $4.2m (FY24: $3.8m)

For further information on Promisia's six month performance, please read the Interim Report for the six months ended 30 September 2024.

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Announcement PDF