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Energy company fails after NBR Rich List family exits for $1
Nicholas Pointon
Thu, 19 Feb 2026
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Wed 18 Feb 2026 09:10:13pm
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Wed 18 Feb 2026 09:10:13pm
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Vital says it will reinvest $97.9m of asset sales into pipeline
Private hospital and aged care investor Vital Healthcare says it completed 23,500 square metres of new or extended leasing during the six months to December, with occupancy now at 99%. The company, which in December brought its management function in-house at a cost of $177 million, pushed adjusted funds from operations up 19.4% to $39.9m for the half-year. It will distribute 4.875 cents per unit to shareholders and is forecasting a full-year distribution of 9.75cpu. Chief executive Chris Adams said stage one of the company's A$49.6m ($58.5m) Coomera development had been approved, bringing its development pipeline to $257.9m across four projects. It achieved "practical completion" of its expansion at Boulcott Hospital in Lower Hutt, Wellington's Wakefield Hospital and Endoscopy Auckland during the period. Adams said it would also reinvest $97.9m received from the disposal of Toronto Private Hospital in New South Wales and its 50% stake in Kawarau Park, Queenstown.
Scales lifts guidance and appoints new CFO
Scales Corporation has increased its forecast underlying net profit after tax attributable to shareholders to between $61 million and $62m, up from between $54m and $59m. The diversified agri-business is scheduled to report annual earnings on February 25. Scales has also reported long-time chief financial officer Steve Kennelly will become company secretary in May. Kathmandu CFO Ben Washington will step into the CFO role from June. Washington was deputy CFO for KMD Brands before being appointed as Kathmandu CFO in January. Before KMD Brands, he spent nearly seven years with PwC. Scales managing director Andy Borland said Kennelly had served as CFO since 2011 and had contributed significantly to the company’s financial leadership and strategic development. "The board and executive team thank him for his commitment and are pleased that he will continue to support the company in a governance capacity.”
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Wed 18 Feb 2026 09:05:13pm
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