Regis Healthcare (ASX:REG): What Do Occupancy and FY26 Earnings Reveal?

Aditi Sarkar

12 November 2026 04:39 PM AEDT

Regis Healthcare (ASX:REG): What Do Occupancy and FY26 Earnings Reveal?

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Highlights

Regis Healthcare (ASX:REG) reported FY26 service Revenue of AUD 1.35 billion.
Underlying EBITDA increased 9.7% to AUD 138 million.
Mature-home average occupancy reached 96.0%.
The company completed acquisitions adding 830 residential beds.

Regis Healthcare Limited (ASX:REG) provides residential aged care, home care, respite services and retirement living in Australia. On 12 November 2026, Regis (ASX:REG) was trading at AUD 5.095, a gain of 0.89% during the session. Its 2026 developments include higher residential aged care occupancy, acquisitions of established homes and further Investment in new facilities, as detailed in its financial-year results.

Residential Aged Care and Related Services

Regis Healthcare (ASX:REG) operates residential aged care homes and related support services for older Australians. Its activities include permanent residential accommodation, home care, day therapy, respite and retirement living. The company describes care and workforce provision as central operating requirements, alongside management of residential facilities and resident accommodation arrangements.

The Business is exposed to occupancy levels, care funding frameworks, wages, property costs and the availability of qualified employees. Residential aged care is not solely a property business: service standards, staffing and regulatory obligations influence operating expenditure and the Economics of each home. Regis reported an established base of facilities across Australia and continued reviewing potential development sites.

Acquisitions and Occupancy in FY26

Regis (ASX:REG) completed the Acquisition of four Rockpool residential aged care homes, representing 600 beds in southeast Queensland, and two OC Health homes with 230 beds in Victoria. These additions increased the group’s operated portfolio during FY26. The company also sold its Ayr and Home Hill homes in far north Queensland and recorded a one-off profit before tax of AUD 25.4 million from that divestment.

Mature-home average occupancy increased to 96.0% from 95.6%, while occupied bed days rose 8% to 2.85 million. Regis said its Camberwell and Oxley homes had reached 99% occupancy by the end of FY26. They generated combined net refundable accommodation deposit inflows of AUD 97.9 million during the year. Occupancy and bed-day changes provide Volume indicators, but financial performance also depends on resident funding and staffing costs.

Revenue, Margins and Balance Sheet

Regis (ASX:REG) reported FY26 revenue from services of AUD 1,350.6 million, up 16.3% from AUD 1,161.3 million. Underlying EBITDA rose 9.7% to AUD 138.0 million. Underlying net profit after tax increased 4.2% to AUD 55.6 million, while statutory net profit rose 13.8% to AUD 55.7 million. The separate underlying and statutory measures should be assessed in the context of one-off items and accounting adjustments.

Staff expenses increased 18.7% to AUD 1,055.1 million, outpacing service revenue growth. Consequently, the underlying EBITDA Margin declined to 10.2% from 10.8%. Net Operating Cash Flow was AUD 336.3 million, including net refundable accommodation deposit inflows of AUD 250.5 million. Net cash at June end stood at AUD 173.8 million, compared with AUD 192.5 million a year earlier.

The board resolved to pay a fully franked final Dividend of 9.40 cents per share, bringing FY26 dividends to 18.40 cents per share. Capital Expenditure increased to AUD 143.1 million from AUD 88.1 million, consistent with a period involving development expenditure and Facility investment.

Risks and Operational Milestones

Regis (ASX:REG) faces workforce availability and wage-cost pressure, changing aged-care regulation, compliance obligations and property development execution risk. High occupancy does not remove the need to maintain staffing and care standards. Refundable accommodation deposits also create related liabilities and cash-flow considerations. Acquisition integration and the ramp-up of newly opened facilities may affect costs and returns.

What to Watch Next

Regis (ASX:REG) has identified Toowong as scheduled to open in summer 2026–27 and a wider greenfield programme of approximately 1,300 beds. Investors can monitor construction timing, new-home occupancy, additional acquisitions and changes in operating margin. Future disclosures may also clarify how wage costs and capital expenditure interact with growth in occupied bed days.

Key Insights

Regis (ASX:REG) reported higher FY26 revenue, Earnings and occupancy alongside portfolio acquisitions. Its Operating Margin nevertheless declined as staff costs rose faster than service revenue. Residential development, integration, workforce costs and accommodation-deposit cash flows are relevant considerations for subsequent performance reporting.

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