Oceania Healthcare Limited (OCA) Earnings Call Transcripts

Oceania Healthcare Limited's Latest Earnings Call - May 21, 2026

Oceania Healthcare Limited (OCA:NZ) reported a record underlying EBITDA of $97.7 million for FY 2026, representing a 20% increase year-over-year. Revenue growth was driven by a 16% increase in sales volumes, despite subdued residential property conditions. Management signaled a commitment to achieving positive free cash flow in FY 2027, while also noting a significant reduction in net debt to $506.7 million and a decrease in gearing to 30.1%. The company did not declare a final dividend, focusing instead on cash generation and capital management for future growth.

Reported metrics

Guidance from management

Management aims for positive free cash flow from operations in FY 2027 and plans to deliver 81 units across three sites. They expect to resume dividend payments once cash flow improves.

What management said

Arie, it's Kathryn here. Yes, you're right. We haven't got that slide in, and we can provide you something in a one-on-one later today. And as far as the pricing of the stock, Suzanne mentioned about selling down the long dated. It was very targeted, specific and individual units at sites. So it wasn't a full-on across-the-portfolio approach. So you'll see from the other material that we've given, we have had an ov...

So the focus for the coming years is the conversion. So I talked about villas and apartments there. The villas are the conversion of the cottages. If you've been to the site, you will have seen a few there. The apartments is actually a piece of the old care that used to be more serviced apartments care suites, and we're going to put those in apartment product. And there's absolutely demand for that area in South Auck...

What analysts pressed on

Analysts expressed concerns regarding the impact of divestments on earnings and the potential for write-downs on unsold care suites. There were also questions about the sustainability of resale margins and the company's ability to manage construction cost inflation.

Main topics on the call

• Record Financial Performance — Oceania reported a record underlying EBITDA of $97.7 million, up 20% from the previous year, driven by operational improvements and record sales volumes. CEO Suzanne Dvorak stated, "This work has delivered a record resul...
• Improved Care Profitability — Care EBITDA per bed increased by 40% to approximately $27,000, reflecting stronger operational performance and the continued sell-down of higher-margin care suite inventory. Management highlighted that "the care business...
• Debt Reduction and Capital Management — Net debt was reduced by over $121 million to $506.7 million, with gearing improving to 30.1%. This reduction supports a more resilient balance sheet, as noted by management, "We are operating with greater discipline, sha...
• Sales Performance and Market Conditions — Sales volumes increased by 16%, with 201 settlements achieved despite a subdued residential property market. The company noted, "Encouragingly, underlying demand for what Oceania has to offer has still held up."

Read the full Oceania Healthcare Limited transcript (May 21, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 21 Oceania Healthcare Limited earnings call transcripts on record, spanning January 23, 2020 to July 30, 2026. Based on this history, Oceania Healthcare Limited reports semi-annually. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

OCA

Exchange

NZSE

Country

NZ

Sector

Health Care

Industry

Health Care Providers and Services

Calls on record

21

First call

January 23, 2020

Most recent

July 30, 2026

Reporting cadence

semi-annually