2Q25 Metrics - Sales of Occupation Rights

NZX & ASX RELEASE

8 July 2025

2Q25 METRICS – SALES OF OCCUPATION RIGHTS

Summerset Group reported 402 sales for the quarter ending 30 June 2025, comprising 222 new sales and 180 resales.

Summerset CEO Scott Scoullar said this was the company’s highest quarter ever and was the result of a lot of hard work throughout the company.

“We’ve seen continued high demand for our retirement living offering. It’s certainly not an easy sales environment for us but we’re very happy with our progress so far this year and we’ll continue to work hard to bring new residents to our villages over the second half of the year.”

It was also the company’s highest ever first half total sales with 692, up 18% on 1H24.

Mr Scoullar said Summerset’s diverse landbank was an advantage and continued to deliver for the company, with over 46.7% of sales coming from outside Auckland, Wellington and Christchurch.

“The momentum we saw in Q1 has also continued into Q2 - we have seen uncontracted new sale stock decrease by 6% in the period, while contracted new stock increased by over 50%.

“Across both new and resales we contracted 130 more villas and apartments in the past six months than we did in 1H24.”

Sales at the company’s flagship St Johns village are progressing well, as reported at Summerset’s full year result in February.

“Approximately 50% of the apartments, and almost 60% of the memory care apartments and care suites at St Johns that were delivered late in 2024 are now either under contract or occupied. This level of sales is ahead of our internal budgeting noting the size of the village, so is very pleasing.”

The company remains on track to deliver FY25 forecast 650-730 homes, including the delivery of village centre buildings at Cambridge in the Waikato, and Cranbourne North in Australia as well as the first villas at our Chirnside Park village.

Summerset will release its HY25 results on 28 August 2025.

ENDS

For investor relations enquiries:
Margaret Warrington
Chief Financial Officer
[email protected]
+64 4 894 7320

For media enquiries:
Louise McDonald
Senior Communications & Media Advisor
[email protected]
+64 21 246 3793

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