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Oceania Healthcare Limited (ASX:OCA)

ALERT: Price-sensitive ASX Announcement for OCA
Current share price for OCA : $0.610 0.06 (10.91%)+
Announcement
Release
22 May 2026 7:31AM
Price at Release
$0.550
Full Release
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Summary
Oceania Healthcare Limited delivered a strong performance in FY26, highlighted by significant financial and operational achievements. The company reported a 20% increase in Proforma Underlying EBITDA to $97.7 million, driven by improved sales volumes and strategic cost management. Sales reached a gross value of $375 million, and net debt was reduced by $121.4 million, optimizing gearing levels. Although no dividend was declared for FY26, the company focused on restructuring initiatives that laid the groundwork for sustainable growth. Oceania's strategic reset involved operational efficiencies, streamlined capital management, and a proactive approach to asset and resale activities, setting the stage for future cost savings and enhanced shareholder value.
Key Points
  • Oceania Healthcare reported a Proforma Underlying EBITDA of $97.7m, a 20% increase from FY25.
  • Sales volumes increased by 16% in FY26, with a gross value of settled sales reaching $375m.
  • A significant focus was placed on cost management and capital initiatives, achieving $13.2m in cost savings.
  • Net debt was reduced by $121.4m, bringing gearing to the lower end of the target range at 30.1%.
  • There was no dividend declared for FY26 due to the ongoing strategic initiatives.
  • Development and sales activities were strong, with a 20% increase in resale activity and 402 units settled.
  • Oceania is set for further cash and cost savings of approximately $30m in FY27.
  • Asset management led to divestments totaling $51.1m, contributing to debt reduction.
  • Free Cash Flow from Operations improved by 64% compared to the previous year, despite a $15.0m outflow.
  • The strategic reset by Oceania has set a stronger platform for future growth and operational clarity.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.