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PHL · NZX

Promisia Healthcare (PHL)

Healthcare / Aged care•Covered: FY22 - FY26•5 published briefings

Promisia Healthcare is an NZX-listed healthcare / aged care company with FY22 - FY26 of published result briefings.

Latest briefing

FY26 · Released 28 May 2026

FY26 NPAT $12.9m hinges on H2 swing; EBITDAF $6.6m the cleaner read

Full-year Cromwell consolidation and a sharp H2 earnings swing lift reported NPAT while net debt/EBITDAF falls from 11.1x to 5.8x.

Market data

As at close
Close price
NZD 0.66
Market cap
$34.9m
Dividend yield
0%

as at close, 12 June 2026. Source: yfinance.

Sections⌄
  1. Snapshot
  2. Valuation
  3. Chat
  4. Longitudinal View
  5. Follow-through
  6. Archive
  7. Related Insights
  1. Snapshot
  2. Valuation
  3. Chat
  4. Longitudinal View
  5. Follow-through
  6. Archive
  7. Related Insights

Snapshot

Latest metrics

FY26, released 28 May 2026

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PHL latest metrics
MetricValueChange
Revenue$40.1m↑ +34.0%
EBITDAF$6.6m—
NPAT$12.9m↑ +706.3%
Operating cash flow$6.4m↓ -15.1%
OCF / EBITDAF %96.2%Outside range lowOutside range low ocf / ebitda cash conversion. 96.2%; 3-period range 107.1% to 197.5%. OCF / EBITDA cash conversion: 96.2%, below normal range; 3-period mean 167.2%, range 107.1%-197.5%.—
Net debt$38.5m↑ +32.5%
Net debt / EBITDAF5.82x—
ROE %23.4%↑ +16.1pp
DPS0.0c—
PBT$13.9m↑ +286.1%

Source: latest published briefing (FY26, released 28 May 2026). Change compares against the prior equivalent period: FY24, released 29 May 2024.

Valuation

Valuation

A compact read on what the market price implies next to the latest filing data. The numbers are a starting point for comparison, not a recommendation.

Prices as at close, 12 June 2026

Price and market cap

The latest close and share count context for the market price.

Market cap

$34.9m

i

End-of-day close multiplied by current shares on issue.

Profitability multiples

How the market price compares with recent earnings and cash-flow inputs.

P/E

2.7x

i

Recent market cap compared with trailing earnings.

EPS

0.24

i

Recent filing-derived earnings per share.

PEG

0.03x

i

P/E compared with recent earnings growth.

EV/EBITDA

11.09x

i

Enterprise value compared with recent EBITDA.

P/FCF

Not available

i

Not meaningful when free cash flow is negative or unavailable.

P/B

0.63x

i

Market value compared with latest reported equity.

Income and fund shape

Yield and fund-style valuation where the company shape supports it.

Dividend yield

0.0%

i

Trailing dividends compared with the latest close.

Total return

Not available

i

Available once dividend and adjustment data are verified.

Price history

Daily closes use the full available width, with hover and touch readouts against real observations. Expand opens the chart at reading size.

Share price

Five years of daily closes, as at close, 5 June 2026. Weekends, suspensions, and listing gaps stay as natural gaps in the time scale.

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Price vs earnings

Indexed lines compare direction from the first positive comparable filing point. The axis is an index, not dollars or cents.

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Chat

Ask about PHL

Ask follow-up questions about Promisia Healthcare's latest result and company history.

Informational only. No buy, sell, hold, price-target, or personal financial advice.

Ask about PHL

Informational only. No buy, sell, hold, price-target, or personal financial advice.

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Sign in to ask company questions.

What changed in the latest result?What is unusual in the historical context?How has cash conversion changed over time?Compare this company with CNU.

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Longitudinal view

Performance over time

The latest period is shown first.

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PHL metric history
MetricFY2612 MONTHS28 May 2026FY2412 MONTHS29 May 2024HY246 MONTHS28 November 2023FY2312 MONTHS30 May 2023FY2212 MONTHS30 June 2022Trend
Revenue$40.1m$29.9m$12.9m$23.8m$19m
Chart
Revenue growth %29.1%25.6%10.7%25.5%Outside range lowOutside range low revenue growth. 25.5%; 3-period range 25.6% to 213.6%. Revenue growth: 25.5%, below normal range; 3-period mean 89.4%, range 25.6%-213.6%.213.6%Outside range highOutside range high revenue growth. 213.6%; 3-period range 25.5% to 29.1%. Revenue growth: 213.6%, above normal range; 3-period mean 26.7%, range 25.5%-29.1%.
Chart
  • FY22 Revenue growth %: Outside range high revenue growth. 213.6%; 3-period range 25.5% to 29.1%. Revenue growth: 213.6%, above normal range; 3-period mean 26.7%, range 25.5%-29.1%.
  • FY23 Revenue growth %: Outside range low revenue growth. 25.5%; 3-period range 25.6% to 213.6%. Revenue growth: 25.5%, below normal range; 3-period mean 89.4%, range 25.6%-213.6%.
EBITDAF$6.6m—$1.6m$3.6m$4.5m
Chart
EBITDAF margin %16.5%—12.4%15.0%23.5%Outside range highOutside range high ebitda margin. 23.5%; 3-period range 12.7% to 16.5%. EBITDA margin: 23.5%, above normal range; 3-period mean 14.7%, range 12.7%-16.5%.
Chart
  • FY22 EBITDAF margin %: Outside range high ebitda margin. 23.5%; 3-period range 12.7% to 16.5%. EBITDA margin: 23.5%, above normal range; 3-period mean 14.7%, range 12.7%-16.5%.
PBT$13.9m$3.6m-$0.1m$0.5m$1.9m
Chart
PBT growth %107.5%620.0%—-73.7%—
Chart
NPAT$12.9m$1.6m-$0.2m$0.7m$2m
Chart
NPAT growth %89.7%128.6%—-65.0%n/m
Chart
Operating cash flow$6.4m$7.5m$2.1m$7.1m$4.8m
Chart
OCF / EBITDAF %96.2%Outside range lowOutside range low ocf / ebitda cash conversion. 96.2%; 3-period range 107.1% to 197.5%. OCF / EBITDA cash conversion: 96.2%, below normal range; 3-period mean 167.2%, range 107.1%-197.5%.—129.6%197.5%Outside range highOutside range high ocf / ebitda cash conversion. 197.5%; 3-period range 96.2% to 197.1%. OCF / EBITDA cash conversion: 197.5%, above normal range; 3-period mean 133.5%, range 96.2%-197.1%.107.1%
Chart
  • FY23 OCF / EBITDAF %: Outside range high ocf / ebitda cash conversion. 197.5%; 3-period range 96.2% to 197.1%. OCF / EBITDA cash conversion: 197.5%, above normal range; 3-period mean 133.5%, range 96.2%-197.1%.
  • FY26 OCF / EBITDAF %: Outside range low ocf / ebitda cash conversion. 96.2%; 3-period range 107.1% to 197.5%. OCF / EBITDA cash conversion: 96.2%, below normal range; 3-period mean 167.2%, range 107.1%-197.5%.
FCF pre-lease-$0.17m$7.2m$1.9m-$6.8m$4.3m
Chart
FCF post-lease-$0.17m———$4.3m
Chart
DPS0.0c————
—
ROE %23.4%7.3%-0.8%3.4%10.9%
Chart
Net debt$38.5m$29m$30.1m$28.8m$14.7m
Chart
Net debt / EBITDAF5.82x—18.79x8.04xOutside range highOutside range high net debt / ebitda. 8x; 3-period range 3.3x to 7.64x. Net debt / EBITDA: 8.00x, above normal range; 3-period mean 5.59x, range 3.30x-7.64x.3.3xOutside range lowOutside range low net debt / ebitda. 3.3x; 3-period range 5.82x to 8x. Net debt / EBITDA: 3.30x, below normal range; 3-period mean 7.15x, range 5.82x-8.00x.
Chart
  • FY22 Net debt / EBITDAF: Outside range low net debt / ebitda. 3.3x; 3-period range 5.82x to 8x. Net debt / EBITDA: 3.30x, below normal range; 3-period mean 7.15x, range 5.82x-8.00x.
  • FY23 Net debt / EBITDAF: Outside range high net debt / ebitda. 8x; 3-period range 3.3x to 7.64x. Net debt / EBITDA: 8.00x, above normal range; 3-period mean 5.59x, range 3.30x-7.64x.
Debtor days——322220
Chart
Total assets$199.5m$84.3m$73.6m$71.8m$51.5m
Chart

Reference: annolyse.ai/companies/phl

Note: Figures are shown as reported. Half-year and full-year absolute values are not directly comparable. Growth rates and ratios are the meaningful comparison across mixed periods.

Filing-only history charts

These charts use verified published filing periods only. Gaps are not interpolated, and mixed half-year/full-year histories are split into separate series.

Revenue

Reported revenue across covered periods.

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Revenue growth

Like-period revenue growth where comparable.

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  • FY22 PHL FY: Outside range high revenue growth. 213.6%; 3-period range 25.5% to 29.1%. Revenue growth: 213.6%, above normal range; 3-period mean 26.7%, range 25.5%-29.1%.
  • FY23 PHL FY: Outside range low revenue growth. 25.5%; 3-period range 25.6% to 213.6%. Revenue growth: 25.5%, below normal range; 3-period mean 89.4%, range 25.6%-213.6%.

EBITDA-equivalent

Company-specific earnings measure where disclosed.

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EBITDA margin

EBITDA-equivalent margin where revenue and earnings are source-backed.

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  • FY22 PHL FY: Outside range high ebitda margin. 23.5%; 3-period range 12.7% to 16.5%. EBITDA margin: 23.5%, above normal range; 3-period mean 14.7%, range 12.7%-16.5%.

NPAT

Statutory profit after tax.

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Operating cash flow

Cash generated from operations.

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Full chartable metric set

Additional verified filing metrics for this company. Each point links back to a published briefing period in the source data contract.

OCF / EBITDA

Cash conversion against earnings.

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  • FY23 PHL FY: Outside range high ocf / ebitda cash conversion. 197.5%; 3-period range 96.2% to 197.1%. OCF / EBITDA cash conversion: 197.5%, above normal range; 3-period mean 133.5%, range 96.2%-197.1%.
  • FY26 PHL FY: Outside range low ocf / ebitda cash conversion. 96.2%; 3-period range 107.1% to 197.5%. OCF / EBITDA cash conversion: 96.2%, below normal range; 3-period mean 167.2%, range 107.1%-197.5%.

FCF pre-lease

Operating cash flow less capex before leases.

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FCF post-lease

Free cash flow after lease payments where available.

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ROE

Return on equity.

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Net debt

Borrowings less cash; negative values indicate net cash.

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Net debt / EBITDA

Leverage ratio, suppressed where earnings are not meaningful.

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  • FY22 PHL FY: Outside range low net debt / ebitda. 3.3x; 3-period range 5.82x to 8x. Net debt / EBITDA: 3.30x, below normal range; 3-period mean 7.15x, range 5.82x-8.00x.
  • FY23 PHL FY: Outside range high net debt / ebitda. 8x; 3-period range 3.3x to 7.64x. Net debt / EBITDA: 8.00x, above normal range; 3-period mean 5.59x, range 3.30x-7.64x.

DPS

Dividend per share declared for the period.

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Debtor days

Receivables days where the working-capital inputs are source-backed.

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Operating working-capital movement

Per-period working-capital absorption or release, from the same published history. Positive values are working-capital build; negative values are release.

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The setup & the reality

FY24 → FY26 Follow-through

The latest result is checked against what the prior briefing said to watch.

Current result now available

FY26 · Released 28 May 2026

FY26 NPAT $12.9m hinges on H2 swing; EBITDAF $6.6m the cleaner read

Full-year Cromwell consolidation and a sharp H2 earnings swing lift reported NPAT while net debt/EBITDAF falls from 11.1x to 5.8x.

Read latest briefing→

Historical setup

What FY24 said to watch

From PBT surged on a 25.6% revenue lift driven by prior-year acquisition

No formal earnings targets were disclosed for FY24, so there is no stated benchmark against which to judge the result. Management's commentary emphasises second-half momentum, and the half-year shape supports this: first-half NPAT was a NZ$0.2m loss, meaning the NZ$1.8m implied second-half NPAT carried essentially all of the annual profit. The 10% operating revenue growth and declining underlying EBITDAF suggest the business is still embedding the acquisition and working through cost-base management, rather than demonstrating operational leverage.

The stated strategy centres on occupancy improvement, revenue diversification, and network growth — but no FY25 targets are given. Whether the second-half momentum can be sustained, and whether the underlying EBITDAF can return toward its prior-year level, are the key unresolved forward questions this release does not answer.

Open questions

Open questions from FY24

  • What is the organic occupancy and revenue trajectory at the Aldwins House acquisition specifically, and is it contributing positively to EBITDAF yet?
  • Why did underlying EBITDAF fall 8% despite a 10% increase in operating revenue, and what specific cost lines drove the margin compression?
  • What deferred tax asset or liability movement produced the -54.6% effective tax rate, and when does the company expect to normalise toward a cash tax-paying position?
  • How much undrawn facility capacity remains, and what are the banking covenant settings given net debt of approximately NZ$29.0m against a declining EBITDAF base?
  • Will the company resume capital investment in FY25, and if so, at what scale relative to the NZ$13.9m FY23 spend?

This briefing cannot assess the recoverability of the deferred tax asset, the sustainability of second-half occupancy rates, or the terms of the debt facilities that underpin the company's financial flexibility.

Archive

Briefing archive

Every published Annolyse briefing for this company appears here in reverse chronological order.

FY26 · Released 28 May 2026

FY26 NPAT $12.9m hinges on H2 swing; EBITDAF $6.6m the cleaner read

Full-year Cromwell consolidation and a sharp H2 earnings swing lift reported NPAT while net debt/EBITDAF falls from 11.1x to 5.8x.

Read briefing→

FY24 · Released 29 May 2024

PBT surged on a 25.6% revenue lift driven by prior-year acquisition

Revenue growth of 25.6% flatters the comparison because FY23 included a major acquisition, while a negative effective tax rate of -54.6% inflates

Read briefing→

HY24 · Released 28 November 2023

Revenue up 10.7% but PBT swung to a NZ$0.1m loss as costs outpaced growth

Promisia's aged-care operations grew the top line solidly, but earnings turned negative as cost growth absorbed the revenue gain, leaving a NPAT loss

Read briefing→

FY23 · Released 30 May 2023

PBT fell 73.7% as revenue growth failed to offset cost expansion

A 25.5% revenue uplift was more than consumed by higher operating costs, lifting net debt to EBITDA to 8.0x and compressing PBT to NZ$0.5m.

Read briefing→

FY22 · Released 30 June 2022

First full year of acquired aged-care lifts revenue to $19.0m

Headline +213.6% growth reflects the December 2020 acquisition lapping into a full period, not underlying expansion of the existing footprint.

Read briefing→

Related insights

Compare this company

The latest PHL metrics also appear in these cross-company views.

Insight

Earnings quality and statutory distortions

PBT and NPAT growth diverged by 17.8pp, with a distortion flag in the result.

Open insight→

Insight

Leverage and balance-sheet risk

Net debt / EBITDA is 5.82x, -5.28x versus the prior comparable period.

Open insight→

Insight

Revenue growth context

Revenue growth was 29.1% for this reporting period.

Open insight→

Insight

Cash conversion quality

This result converted 96.2% of EBITDA to operating cash flow, +15.0pp versus the prior comparable period.

Open insight→

Get notified when PHL publishes

Get the next Promisia Healthcare result briefing and five-year history updates by email.