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RAD · NZX

Radius Residential Care (RAD)

Healthcare / Aged care•Covered: FY23 - FY26•7 published briefings

Radius Residential Care is an NZX-listed healthcare / aged care company with FY23 - FY26 of published result briefings.

Latest briefing

FY26 · Released 13 May 2026

PBT up 36.2% and cash conversion at 91.8% as capex more than doubled

Underlying earnings ran above the historical baseline, but H2 NPAT roughly halved versus H1 as growth-strategy capex stepped up to NZ$16.1m.

Market data

As at close
Close price
NZD 0.39
Market cap
$110.6m
Dividend yield
5.6%

as at close, 15 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 13 May 2026

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RAD latest metrics
MetricValueChange
Revenue$200.1m↑ +14.2%
EBITDA$27.4m↑ +16.6%
NPAT$9.5m↑ +35.7%
Operating cash flow$25.1m↑ +25.3%
OCF / EBITDA %91.8%Outside range highOutside range high ocf / ebitda cash conversion. 91.8%; 3-period range 28.4% to 85.5%. OCF / EBITDA cash conversion: 91.8%, above normal range; 3-period mean 60.4%, range 28.4%-85.5%.↑ +6.4pp
Net debt$68.7m↑ +1.5%
Net debt / EBITDA2.51xOutside range lowOutside range low net debt / ebitda. 2.51x; 3-period range 2.89x to 7x. Net debt / EBITDA: 2.51x, below normal range; 3-period mean 4.46x, range 2.89x-7.00x.↓ -13.1%
ROE %12.4%Outside range highOutside range high roe. 12.4%; 3-period range -13.2% to 10.6%. ROE: 12.4%, above normal range; 3-period mean -1.8%, range -13.2%-10.6%.↑ +1.8pp
DPS1.2c↑ +50.0%
Payout ratio vs NPAT %66.1%↑ +10.3pp

Source: latest published briefing (FY26, released 13 May 2026). Change compares against the prior equivalent period: FY25, released 21 May 2025.

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, 15 June 2026

Price and market cap

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

Market cap

$110.6m

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

11.64x

i

Recent market cap compared with trailing earnings.

EPS

0.03

i

Recent filing-derived earnings per share.

PEG

0.33x

i

P/E compared with recent earnings growth.

EV/EBITDA

6.55x

i

Enterprise value compared with recent EBITDA.

P/FCF

12.22x

i

Market cap compared with recent free cash flow.

P/B

1.45x

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

5.6%

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 RAD

Ask follow-up questions about Radius Residential Care's latest result and company history.

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

Ask about RAD

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

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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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RAD metric history
MetricFY2612 MONTHS13 May 2026HY266 MONTHS19 November 2025FY2512 MONTHS21 May 2025HY256 MONTHS25 November 2024FY2412 MONTHS29 May 2024HY246 MONTHS27 November 2023FY2312 MONTHS29 May 2023Trend
Revenue$200.1m$100.2m$175.3m$85.4m$168.7m$83.3m$146.3m
Chart
Revenue growth %14.2%19.0%3.9%Outside range lowOutside range low revenue growth. 3.9%; 3-period range 10.8% to 15.4%. Revenue growth: 3.9%, below normal range; 3-period mean 13.5%, range 10.8%-15.4%.2.5%15.4%Outside range highOutside range high revenue growth. 15.4%; 3-period range 3.9% to 14.2%. Revenue growth: 15.4%, above normal range; 3-period mean 9.6%, range 3.9%-14.2%.19.2%10.8%
Chart
  • FY24 Revenue growth %: Outside range high revenue growth. 15.4%; 3-period range 3.9% to 14.2%. Revenue growth: 15.4%, above normal range; 3-period mean 9.6%, range 3.9%-14.2%.
  • FY25 Revenue growth %: Outside range low revenue growth. 3.9%; 3-period range 10.8% to 15.4%. Revenue growth: 3.9%, below normal range; 3-period mean 13.5%, range 10.8%-15.4%.
EBITDA$27.4m$14.9m$23.5m$9.6m$20.9m$10.5m$14.2m
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EBITDA margin %13.7%Outside range highOutside range high ebitda margin. 13.7%; 3-period range 9.7% to 13.4%. EBITDA margin: 13.7%, above normal range; 3-period mean 11.8%, range 9.7%-13.4%.14.9%13.4%11.3%12.4%12.5%9.7%Outside range lowOutside range low ebitda margin. 9.7%; 3-period range 12.4% to 13.7%. EBITDA margin: 9.7%, below normal range; 3-period mean 13.2%, range 12.4%-13.7%.
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  • FY26 EBITDA margin %: Outside range high ebitda margin. 13.7%; 3-period range 9.7% to 13.4%. EBITDA margin: 13.7%, above normal range; 3-period mean 11.8%, range 9.7%-13.4%.
PBT$14.3m$8.5m$10.5m$2.8m$3.6m$1.6m-$3m
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PBT growth %36.2%203.6%191.7%75.0%—-27.3%—
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NPAT$9.5m$6.3m$7m$2m-$8.5m$1.4m-$2.1m
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NPAT growth %35.7%215.0%—42.9%—-17.6%—
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Operating cash flow$25.1m$13.3m$20.1m$6.6m$14.1m$5.6m$4m
Chart
OCF / EBITDA %91.8%Outside range highOutside range high ocf / ebitda cash conversion. 91.8%; 3-period range 28.4% to 85.5%. OCF / EBITDA cash conversion: 91.8%, above normal range; 3-period mean 60.4%, range 28.4%-85.5%.89.3%85.4%68.5%67.4%53.6%28.4%Outside range lowOutside range low ocf / ebitda cash conversion. 28.4%; 3-period range 67.4% to 91.8%. OCF / EBITDA cash conversion: 28.4%, below normal range; 3-period mean 81.5%, range 67.4%-91.8%.
Chart
  • FY26 OCF / EBITDA %: Outside range high ocf / ebitda cash conversion. 91.8%; 3-period range 28.4% to 85.5%. OCF / EBITDA cash conversion: 91.8%, above normal range; 3-period mean 60.4%, range 28.4%-85.5%.
FCF pre-lease$9m$9.6m$13.7m$3.7m$10.6m$3.7m-$54.6m
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DPS1.2c1.0c0.8c0.7c0.7c——
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Payout ratio vs NPAT %66.1%44.8%55.8%94.2%———
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Annual payout ratio vs EPS %66.1%—55.8%————
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ROE %12.4%Outside range highOutside range high roe. 12.4%; 3-period range -13.2% to 10.6%. ROE: 12.4%, above normal range; 3-period mean -1.8%, range -13.2%-10.6%.9.0%10.6%3.1%-13.2%Outside range lowOutside range low roe. -13.2%; 3-period range -2.9% to 12.4%. ROE: -13.2%, below normal range; 3-period mean 6.7%, range -2.9%-12.4%.1.9%-2.9%
Chart
  • FY24 ROE %: Outside range low roe. -13.2%; 3-period range -2.9% to 12.4%. ROE: -13.2%, below normal range; 3-period mean 6.7%, range -2.9%-12.4%.
  • FY26 ROE %: Outside range high roe. 12.4%; 3-period range -13.2% to 10.6%. ROE: 12.4%, above normal range; 3-period mean -1.8%, range -13.2%-10.6%.
Net debt$68.7m$63.7m$67.7m$73.2m$73.5m$96.8m$100.1m
Chart
Net debt / EBITDA2.51xOutside range lowOutside range low net debt / ebitda. 2.51x; 3-period range 2.89x to 7x. Net debt / EBITDA: 2.51x, below normal range; 3-period mean 4.46x, range 2.89x-7.00x.4.27x2.89x7.59x3.51x9.26x7.05xOutside range highOutside range high net debt / ebitda. 7x; 3-period range 2.51x to 3.5x. Net debt / EBITDA: 7.00x, above normal range; 3-period mean 2.97x, range 2.51x-3.50x.
Chart
  • FY26 Net debt / EBITDA: Outside range low net debt / ebitda. 2.51x; 3-period range 2.89x to 7x. Net debt / EBITDA: 2.51x, below normal range; 3-period mean 4.46x, range 2.89x-7.00x.
Debtor days21Outside range lowOutside range low debtor days. 21d; 3-period range 24d to 33d. Debtor days: 21.2 days, below normal range; 3-period mean 27.4 days, range 24.0 days-32.6 days.232426263033Outside range highOutside range high debtor days. 33d; 3-period range 21d to 26d. Debtor days: 32.6 days, above normal range; 3-period mean 23.6 days, range 21.2 days-25.6 days.
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  • FY26 Debtor days: Outside range low debtor days. 21d; 3-period range 24d to 33d. Debtor days: 21.2 days, below normal range; 3-period mean 27.4 days, range 24.0 days-32.6 days.
Inventory days1Outside range lowOutside range low inventory days. 1d; 3-period range 1d to 2d. Inventory days: 1.1 days, below normal range; 3-period mean 1.4 days, range 1.2 days-1.9 days.111122Outside range highOutside range high inventory days. 2d; 3-period range 1d to 1d. Inventory days: 1.9 days, above normal range; 3-period mean 1.2 days, range 1.1 days-1.2 days.
Chart
  • FY26 Inventory days: Outside range low inventory days. 1d; 3-period range 1d to 2d. Inventory days: 1.1 days, below normal range; 3-period mean 1.4 days, range 1.2 days-1.9 days.
Total assets$374.4m$355.9m$339.6m$330.5m$334.7m$355m$356.6m
Chart

Reference: annolyse.ai/companies/rad

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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  • FY24 RAD FY: Outside range high revenue growth. 15.4%; 3-period range 3.9% to 14.2%. Revenue growth: 15.4%, above normal range; 3-period mean 9.6%, range 3.9%-14.2%.
  • FY25 RAD FY: Outside range low revenue growth. 3.9%; 3-period range 10.8% to 15.4%. Revenue growth: 3.9%, below normal range; 3-period mean 13.5%, range 10.8%-15.4%.

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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  • FY23 RAD FY: Outside range low ebitda margin. 9.7%; 3-period range 12.4% to 13.7%. EBITDA margin: 9.7%, below normal range; 3-period mean 13.2%, range 12.4%-13.7%.
  • FY26 RAD FY: Outside range high ebitda margin. 13.7%; 3-period range 9.7% to 13.4%. EBITDA margin: 13.7%, above normal range; 3-period mean 11.8%, range 9.7%-13.4%.

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 RAD FY: Outside range low ocf / ebitda cash conversion. 28.4%; 3-period range 67.4% to 91.8%. OCF / EBITDA cash conversion: 28.4%, below normal range; 3-period mean 81.5%, range 67.4%-91.8%.
  • FY26 RAD FY: Outside range high ocf / ebitda cash conversion. 91.8%; 3-period range 28.4% to 85.5%. OCF / EBITDA cash conversion: 91.8%, above normal range; 3-period mean 60.4%, range 28.4%-85.5%.

FCF pre-lease

Operating cash flow less capex before leases.

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ROE

Return on equity.

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  • FY24 RAD FY: Outside range low roe. -13.2%; 3-period range -2.9% to 12.4%. ROE: -13.2%, below normal range; 3-period mean 6.7%, range -2.9%-12.4%.
  • FY26 RAD FY: Outside range high roe. 12.4%; 3-period range -13.2% to 10.6%. ROE: 12.4%, above normal range; 3-period mean -1.8%, range -13.2%-10.6%.

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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  • FY23 RAD FY: Outside range high net debt / ebitda. 7x; 3-period range 2.51x to 3.5x. Net debt / EBITDA: 7.00x, above normal range; 3-period mean 2.97x, range 2.51x-3.50x.
  • FY26 RAD FY: Outside range low net debt / ebitda. 2.51x; 3-period range 2.89x to 7x. Net debt / EBITDA: 2.51x, below normal range; 3-period mean 4.46x, range 2.89x-7.00x.

DPS

Dividend per share declared for the period.

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Payout ratio

Dividend payout against statutory NPAT.

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Debtor days

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

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  • FY23 RAD FY: Outside range high debtor days. 33d; 3-period range 21d to 26d. Debtor days: 32.6 days, above normal range; 3-period mean 23.6 days, range 21.2 days-25.6 days.
  • FY26 RAD FY: Outside range low debtor days. 21d; 3-period range 24d to 33d. Debtor days: 21.2 days, below normal range; 3-period mean 27.4 days, range 24.0 days-32.6 days.

Inventory days

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

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  • FY23 RAD FY: Outside range high inventory days. 2d; 3-period range 1d to 1d. Inventory days: 1.9 days, above normal range; 3-period mean 1.2 days, range 1.1 days-1.2 days.
  • FY26 RAD FY: Outside range low inventory days. 1d; 3-period range 1d to 2d. Inventory days: 1.1 days, below normal range; 3-period mean 1.4 days, range 1.2 days-1.9 days.

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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  • FY23 RAD: Outside range high operating working-capital movement. $4.6m; 3-period range $-1.4m to $0.1m. Operating working-capital movement: NZ$4.6m, above normal range; 1/3 prior periods had builds averaging NZ$0.1m, and 2 had releases averaging NZ$-0.8m.
  • FY24 RAD: Outside range low operating working-capital movement. $-1.4m; 3-period range $-0.3m to $4.6m. Operating working-capital movement: NZ$-1.4m, below normal range; 2/3 prior periods had builds averaging NZ$2.3m, and 1 had releases averaging NZ$-0.3m.

The setup & the reality

HY26 → FY26 Follow-through

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

Current result now available

FY26 · Released 13 May 2026

PBT up 36.2% and cash conversion at 91.8% as capex more than doubled

Underlying earnings ran above the historical baseline, but H2 NPAT roughly halved versus H1 as growth-strategy capex stepped up to NZ$16.1m.

Read latest briefing→

Historical setup

What HY26 said to watch

From PBT up 204% on 19% revenue growth as cash conversion lifted to 89%

No quantified FY26 target is provided. Shape context shows HY25 represented only 48% of FY25 revenue and 28% of FY25 NPAT, so the historical pattern is second-half weighted. On that pattern alone, HY26 NPAT of $6.3m already sits close to the full FY25 NPAT of $7.0m, which sets a high bar for second-half delivery before the comparison can be considered conservative.

The release leans on Underlying EBITDA and EBITDAR-per-bed disclosures, with annualised EBITDAR per bed of $29.9k, but does not separate same-store growth from acquired or reconfigured beds. That gap matters because the durability of the operating leverage thesis depends on which mix is driving it.

Open questions

Open questions from HY26

  • What drove the effective tax rate down to 22.3% from 28.6%, and is the lower rate structural or one-off?
  • How much of the EBITDA uplift is same-store versus acquired or reconfigured beds, and what is the same-store occupancy trend?
  • Given HY25 was only 28% of FY25 NPAT, is the historical second-half skew expected to repeat, or has the earnings shape now flattened?
  • What is the target net debt to EBITDA range, and how does the capital-light growth strategy change future capex intensity above the current 3.7% of revenue?
  • Why does the underlying EBITDA bridge still flag non-recurring items, and what residual adjustments sit between underlying and statutory earnings?

This briefing cannot assess occupancy, bed-level pricing, or wage and government-funding assumptions underpinning the EBITDAR-per-bed disclosure.

Archive

Briefing archive

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

FY26 · Released 13 May 2026

PBT up 36.2% and cash conversion at 91.8% as capex more than doubled

Underlying earnings ran above the historical baseline, but H2 NPAT roughly halved versus H1 as growth-strategy capex stepped up to NZ$16.1m.

Read briefing→

HY26 · Released 19 November 2025

PBT up 204% on 19% revenue growth as cash conversion lifted to 89%

A lower effective tax rate flattered NPAT, but EBITDA +41% and leverage cut to 4.3x point to genuine operating gains.

Read briefing→

FY25 · Released 21 May 2025

PBT rose 191.7% to $10.5m as margins and cash conversion stepped up

Margin and cash-conversion gains look durable, but a prior-year tax distortion exaggerates the NPAT swing from a $8.5m loss to a $7.0m profit.

Read briefing→

HY25 · Released 25 November 2024

PBT up 75% but reported EBITDA fell 8.1% on a care home sale

Net debt cut 25% and cash conversion improved, but a 94.2% payout sits against a $0.07m cash balance and a higher tax rate.

Read briefing→

FY24 · Released 29 May 2024

EBITDA up 47% but NPAT loss widened on tax distortion

Operating earnings and leverage improved sharply, but a 335.8% effective tax rate turned PBT of $3.6m into an $8.5m net loss.

Read briefing→

HY24 · Released 27 November 2023

Asset sale puts Radius Residential Care's debt headroom in focus

The NZ$19m disclosed value from the asset sale is relevant to debt headroom, while borrowings and gearing remain the direct evidence.

Read briefing→

FY23 · Released 29 May 2023

H2 EBITDA collapsed to $2.9m as net debt tripled to $100.1m

Debt-funded property purchases pushed leverage to 7.0x EBITDA while operating cash flow fell 59% and the result swung to a $2.1m loss.

Read briefing→

Related insights

Compare this company

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

Insight

Cash conversion quality

This result converted 91.8% of EBITDA to operating cash flow.

Open insight→

Insight

Dividend coverage and payout pressure

Company-disclosed payout ratio is 49.0% on an AFFO basis, with NPAT payout at 66.1%.

Open insight→

Insight

Leverage and balance-sheet risk

Net debt / EBITDA is 2.51x for this result.

Open insight→

Insight

Revenue growth context

Revenue growth was 14.2% for this reporting period.

Open insight→

Get notified when RAD publishes

Get the next Radius Residential Care result briefing and five-year history updates by email.