3Q25 Metrics - Sales of Occupation Rights

NZX & ASX RELEASE

7 October 2025

3Q25 METRICS – SALES OF OCCUPATION RIGHTS

Summerset Group reported 420 sales for the quarter ending 30 September 2025, comprising 244 new sales and 176 resales.

Summerset CEO Scott Scoullar said the company is pleased to continue its first half sales momentum with another record quarter.

“We’ve worked hard throughout the business to bring new residents into our villages, it’s pleasing to achieve our highest ever sales quarter in this difficult market.

“We have continued to sell new Care Occupation Rights Agreements (ORA) and convert our care rooms to ORA as we seek to improve our care profitability. In Q3 29% of sales were Care ORAs (38% of new sales and 16% of resales). New and current residents have warmly welcomed this offering as an alternative to paying daily premium charges.”

Mr Scoullar said Summerset’s diverse portfolio continued to be a strength with over 52% of New Zealand sales coming from outside Auckland, Wellington and Christchurch. Summerset Boulcott (Lower Hutt), Summerset by the Dunes (Pāpāmoa) and Summerset Palms (Te Awa) were the company’s highest selling villages for the quarter.

The company remains on track to deliver FY25 forecast 650-730 homes by the end of the year, including the delivery of village centre buildings at Cambridge in the Waikato and Cranbourne North in Australia.

In Australia the company is proud to be commencing its fourth Victorian village, Oakleigh South, with a sod turning event to celebrate the occasion being held later this month, and the first villas at its Chirnside Park village will also be completed with first residents to be welcomed in Q2 2026 when the village will officially open.

ENDS

For investor relations enquiries:
Margaret Warrington
Chief Financial Officer
[email protected]

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

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