Half Year 2026 Regis Healthcare Ltd Earnings Call Transcript
Key Points
- Regis Healthcare Ltd (ASX:REG) reported an 18% increase in revenue to AUD668 million and a 4% rise in underlying EBITDA to AUD70.6 million for the first half of FY26.
- Operating cash flow increased by 40% to AUD291.7 million, supported by strong net RAD cash inflows of AUD178.5 million.
- The company ended the half in a net cash position of AUD198 million, reflecting strong financial health.
- Regis Healthcare Ltd (ASX:REG) has improved its star ratings from 3.56 to 3.92 and increased average care minutes, indicating enhanced service quality.
- The company has successfully reduced employee turnover from 25.6% to 20.2%, demonstrating effective workforce management and engagement strategies.
- The AN-ACC funding model changes have resulted in a AUD10 million earnings impact for FY26, highlighting challenges in funding adequacy.
- Despite revenue growth, the EBITDA margin decreased to 10.6% from 12% in the previous year, indicating margin pressure.
- The aged care sector faces a significant gap in accommodation funding, with a revenue shortfall of over AUD50 per supported resident per day.
- Regis Healthcare Ltd (ASX:REG) incurred one-off costs related to acquisitions and integration, impacting statutory NPAT.
- The company anticipates further margin contraction due to AN-ACC pricing, with no expected funding increase until October 2026.
Thank you for standing by and welcome to the Regis Healthcare FY26 half-year results briefing. (Operator Instructions)
I would now like to hand the conference over to Dr. Linda Mellors, Managing Director and Chief Executive Officer. Please go ahead.
Thank you very much, good morning, everybody, thank you for joining us today to discuss Regis HealthcareĆ¢s 2026 half year results. IĆ¢d like to begin by acknowledging the Wurundjeri Woi-wurrung people of the Kulin Nation, traditional custodians of the land on which we meet today, pay my respects to their elders, past and present. I extend that respect to any Aboriginal or Torres Strait Islander peoples with us on the call. Before we begin, I want to briefly note that, as previously announced, I have resigned and will complete my time as CEO in June. A well-structured transition is underway, the executive team remains fully focused on delivering our strategy and performance outcomes. IĆ¢m again joined today by
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