Summerset is the third largest operator and the second largest developer of retirement villages and aged care facilities in New Zealand. Summerset is one of the few retirement village operators to provide a continuum of care at its Villages.
Summerset ordinary shares commenced trading on the NZSX on Tuesday 01 November 2011.
The following information was extracted from Summerset Group Holdings Limited's Half year results, released 28 August 2025
SUMMERSET FIRST HALF UNDERLYING PROFIT $106.6M, UP 19%
-Operating cash flows $228.7m up 19% on 1H24
-Development margin of 29.4%
-Resident satisfaction at 97% for care and village
Retirement village operator Summerset Group Holdings Limited has announced an underlying profit of $106.6 million for the six months ended 30 June 2025, a 19% increase on the first half of 2024. IFRS Net Profit after tax was up 26% at $127.2m.
Summerset CEO Scott Scoullar said the company had delivered a credible result underpinned by the company’s sustainable growth strategy.
“The markets in New Zealand and Australia are both showing signs of improvement but it’s still a challenging economic environment to operate in. Despite this we’ve delivered value for our shareholders, maintained our record resident satisfaction and had record sales for the half.
“We’re pleased with our start to the year, we will continue to work hard to deliver sales in the second half, building on this momentum,” says Mr Scoullar.
Summerset recorded 692 sales comprising 354 new sales and 338 resales in the six months to 30 June 2025. Total sales for the first half of the year were the highest first half the company has recorded, with new sales being particularly strong, up 22% on the 1H24.
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