Regis Healthcare's impressive FY24 achievements

Regis Healthcare (ASX:REG), a leading aged care provider in Australia, showcased significant financial growth at its Annual General Meeting on 26 November 2024. The company reported a 30% increase in revenue, exceeding $1 billion, and an underlying EBITDA of $107.2 million, up 29%. Regis also maintained a strong net cash position of $64.9 million.

Regis Healthcare's strategic outlook and future plans

Regis Healthcare's FY24 results reflect its strategic focus on growth through acquisitions and greenfield developments, with impressive increases in both revenue and occupancy rates. The company is poised to leverage legislative reforms and growing demand to expand its footprint and service capacity. Looking ahead, Regis plans to open new facilities in Sydney and Brisbane, adding 323 premium beds, while continuing to invest in technology and workforce development to improve care outcomes and efficiency. The company's strategic emphasis ensures it remains well-positioned to address sector challenges and capitalize on market opportunities, with a strong financial position and commitment to shareholder returns.

Executive insights on Regis Healthcare's performance

Regis Healthcare has experienced a remarkable year with substantial financial growth and increased occupancy. Our strategic acquisitions and the government's commitment to aged care reforms have significantly contributed to our success. We are well-positioned to capitalize on the rising demand for aged care services as we continue to expand our facilities and enhance our service offerings.